Skip to main content

tv   CNN Newsroom With Pamela Brown  CNN  May 8, 2022 3:00pm-4:00pm PDT

3:00 pm
-- captions by vitac -- mothemother's day top > t mothemother' meet with the ukrap ukrainian first lady positive message. >> thep >> th>> thr>> the sheltering in the basement of tr tp this schbomb was . 60 pp 60 pe60 peobomb was . 60 pp 60 pe60 pe likely de.
3:01 pm
keep abortion safe! >> what i'm doing and what many of my colleagues are doing are pushing for a vote next week. we are going to be aggressive with all our colleagues and with our republican allies. tof vote for codifying roe v. wade. we are not giving up. >> we believe that the overturning of roe is the correct decision by the court. >> i know you're worried about the price of gas, food, and other necessities. >> the federal reserve raised the interest rate a half a percent to fight inflation. >> we don't really know what our bottom line is anymore as a moving target. >> i'm pamela brown in washington. you are live in the "cnn newsroom" on this sunday. in southern ukraine, russia adds insult to injury amid widespread devastation. the man you see right here in the flack jacket is russia's deputy prime minister. he is the most senior kremlin official to set foot in mariupol since the unprovoked war began. during a photo op tour of several cities, he promised humanitarian assistance to help
3:02 pm
ease the suffering caused by his own government. and here's one gross misdemeanor of the carnage. a school in eastern ukraine where nearly an entire village was taken shelter. a russian war plane bombed it. about 60 people are missing and they are feared dead. justin trudeau met with president zelenskyy. also making a surprise visit today, first lady jill biden. she met with ukraine's first lady, and they both recognized the symbolism of sharing mother's day in a war zone with so many sons and daughters being killed. let's begin this hour with jill biden's visit to ukraine. cnn's kate bennett is traveling with the first lady. i'm curious, why did the first lady think it was so important to go to ukraine, take the risk that would come with that, although no doubt there is heavy security. why was this so important for her to do this and meet with the first lady of ukraine on this
3:03 pm
mother's day? >> well, first and foremost, she wanted to go to this part of the world since the war began, she's been very affected by the images she's been seeing. this trip to romania and slovakia has been planned for quite some time to visit with refugees, especially mothers and children. she wanted to do it around mother's day weekend and make that connection to the fortitude and the courage of these ukrainian refugee mothers who left their country with just their children and very little else. now, the portion with first lady of ukraine, elena zelenska came in only about ten days ago when she reached out to the white house of the east wing and said she wanted to meet with dr. biden. you have to remember the first lady of ukraine has been in hiding, no one has seen her publicly since february 24th, the start of the russian invasion, until today. so what brought her out of hiding was really this face-to-face one on one meeting with jill biden centered around
3:04 pm
the crisis. jill biden wanted to say to her that the united states supports her mission, supports ukraine, and the ukraine first lady wanting to thank jill biden for visiting in a country that's, as you said, a dangerous visit, she was there for just under two hours. about 15-minute drive from the slovakian border. but it really was something that was a courageous move. a first lady has not been in an active war zone since laura bush visited afghanistan solo in 2005 and in 2008. so it's certainly a unique thing that jill biden did today. >> and what did the two first ladies talk about when they met? >> well, i've been told that they had a closed-door bilateral meeting for part of their visit. and ms. zelenska talked to dr. biden about the mental and well-being of children. she's concerned that after it's over there will be emotional
3:05 pm
upheaval for so many millions of ukrainians and those affected by the war. the first lady of america, of course, dr. biden, is familiar with the mental health issues, especially of children, because of the pandemic. so it was something the two found relatable. but this is also part of a letter that mrs. zelenska sent to jill biden back in april expressing concern for the mental health for the citizens of her country. it was really special to be in ukraine and see these two women come together, especially on mother's day. >> what an incredible experience. kate bennett, thank you so much for bringing us the latest there. let's turn to the apparent russian airstrike on a school where dozens of people are feared dead. cnn's sam kiley spoke to some of those who survived the nightmare. >> reporter: this for vladimir putin is what a modern russian victory looks like. dozens dead or missing from a russian airstrike on a
3:06 pm
russian-speaking village as part of the russian campaign that putin says is to protect his kin folk in ukraine. the rescue is a saying the heat's overwhelming. local authorities fear about 60 people died here. this was a school in eastern ukraine. vil villagers were sheltering in its basement. survivors were left with little but grief. we asked if his family had been with him. his mother didn't survive. it is not lost on anybody here that on the eve of vladimir putin's celebration of the soviet victory in the second world war over nazi germany, it is civilians who are suffering the most in the name of vladimir putin's denazification of ukraine, a country with a jewish
3:07 pm
president. >> translator: i got slammed down by a slab bent into a ball, then another explosion, small rocks sprinkled darkness. then i looked and the dust settled and a ray of light appeared. sergei crawled out, then he dug me out, dug our aunt and uncle out. we were all in a fog. >> reporter: ukraine has stalled russia's plans for conquest. so the kremlin's added strategic sites like oil supplies to its target list and stepped up its airstrikes against civilians in eastern ukraine. this week hitting a residential block in the strategic city of kramatorsk. ukrainian politicians refer to putin's campaign ideology as a fascist creed they call rusasim. they shoot prisoners, torture women and children, they rape they loot. they go step by step towards
3:08 pm
nazism. such explanations for what is happening here don't really answer the painful question why. sam kiley, cnn. >> unfathomable brutality. well, there is new evidence in the hunt for an alabama corrections officer and the murder suspect she allegedly helped escape. as investigators continue to chase leads and tips, they are now releasing video showing vicky white at a hotel before the escape in hopes that these images will help lead to the fugitives. cnn's nadia romero joins us. you actually talked to one of casey white's victims. what did they tell you? >> reporter: yeah, pamela. we're in limestone county, and this is where casey white went on a crime spree back in 2015, a carjacking and a long list of convictions. attempted murder, robbery, kidnapping. and that's what was supposed to put him in prison for 75 years.
3:09 pm
of course, he escaped last friday. so we spoke with one of his victims who was burglarized by casey white, a man named josh goan who was living in his home and he says he was minding his own business and went to bed. woke up the next morning and his neighbor told him a man tried to carjack him while he was holding his infant and that casey white used that man's gun in all of those crimes. he thought everything would be put to bed, but he had nightmares and he had to deal with this for long after. and it changed his perspective on the world after being a victim of casey white. take a listen. >> it honestly shocked me. i locked my doors after that. it stole a little bit of my peace and security. the fact that he is out in the world is a terrible thing for society.
3:10 pm
>> reporter: he says that when he was testifying against casey white, he didn't see any kind of remorse, that he just didn't care about his crimes. but for josh, he said it forever changed him. now he locks his doors, he locks his car, he checks his surroundings. he moved, all of the other victims of that crime spree moved and they are unwilling to speak with us because they are so fearful that they are forever impacted by casey white. josh and the other victims we spoke to really want him caught and back behind bars. that's where they believe he should be. pamela? >> nadia romero, thank you for that. and later on in the "cnn newsroom" on this sunday, lauderdale county sheriff rick singleton joins me live with the latest on this investigation coming up tonight at 8:00. the leak of a supreme court draft opinion has fired up both sides of the abortion rights debate. but what could america look like post roe v. wade? i'm going to ask a civil rights
3:11 pm
lawyer about that up next. plus, rising mortgage rates and soaring home prices. so what can home buyers do right now? i'm going to ask an expert for some tips on that. plus -- ♪ ♪ stand by me ♪ ♪ won't you stand by me ♪ >> first, u2 and a ukrainian pop star keeps teaming up with big-name musicians. i'm going to talk to him live. >> i'm the latest hashtag challenge. and everyone on social media tries me. with angi, you can connect with and see ratings and reviews. and when you book and pay throug you're coveredy our happiness check out angi.comoday. angi... and done. no matter who you are,
3:12 pm
being yourself can be tough when you have severe asthma. triggers can pop up out of nowhere, causing inflammation that can lead to asthma attacks. but no matter what type of severe asthma you have, tezspire™ can help. tezspire™ is a new add-on treatment for people 12 and over... that proactively reduces inflammation... ...which means you could have fewer attacks, breathe better, and relieve your asthma symptoms. so, you can be you, whoever you are. tezspire™ is not a rescue medication. don't take tezspire™ if you're allergic to it. allergic reactions like rash or an eye allergy can happen. don't stop your asthma treatments unless your doctor tells you to. tell your doctor if you have a parasitic infection or your asthma worsens. sore throat, joint and back pain may occur. avoid live vaccines. by helping control your asthma, tezspire™ can help you be you. no matter who you are, ask your asthma specialist about tezspire™ today.
3:13 pm
here we go...
3:14 pm
remember, mom's a kayak denier, so please don't bring it up. bring what up, kayak? excuse me? do the research, todd. listen to me, kayak searches hundreds of travel sites to find you great deals on flights, cars and hotels. they're lying to you! who's they? kayak? arr! open your eyes! compare hundreds of travel sites at once. kayak. search one and done. if you think you have dupuytren's contracture, there's a simple test you can take—from anywhere. try to lay your hand flat against a surface. if you can't, you may have dupuytren's contracture. talk to a hand specialist about your options, including nonsurgical treatments. exploring the heart of historic europe with viking,
3:15 pm
you'll get closer to iconic landmarks, to local life and legendary treasures as you sail onboard our patented, award-winning viking longships. you'll enjoy many extras, including wi-fi, cultural enrichment from ship to shore and engaging excursions. viking - voted number one river cruise line by condé nast readers. learn more at well, some women spent part of mother's day marching to the supreme court, protesting the draft opinion that would strike down roe versus wade. since the draft leaked, there have been a number of protests outside the court and in cities across the country. democrats say they're planning a vote wednesday that would codify roe v. wade making abortion rights legal. meanwhile in madison,
3:16 pm
wisconsin, police say a conservative group's office was targeted in an arson attack and sprayed with graffiti. the group lobbies against abortion and same-sex marriage. fortunately, no one was hurt in that attack. president biden and democrats warn a ruling overturning roe could extend far beyond abortion access. they say it could be used to restrict other rights that are taken for granted as settled law. >> if it becomes a law and if what is written is what remains, it goes far beyond the concern of whether or not there is a right to choose. it goes to other basic rights, the right to marriage, the right to determine a whole range of things. >> joining me now is cnn legal analyst and civil rights attorney eriva martin. so what is the basis for this concern? >> yeah. i think there's a legitimate concern, pam, with regards to this leaked opinion. and i think the president said
3:17 pm
it best. if this opinion becomes the ultimate final decision, and we don't know if it will because there is time for the justices to change their minds and even to change their votes. but the big concern is that this umbrella called the right to privacy, which is what the roe versus wade decision was decided under, there are other rights under that umbrella, like the right to marriage. and we know same-sex marriage is a fairly new constitutional right or established right under the constitution, rights to interracial marriage, rights to contraception, these intimate rights that individuals have it throughout the history of this country are, in many folks' eyes, at risk because of this decision. you hear a lot of people say in this is about abortion. but many of us believe that this is much, much bigger than abortion rights. it's really about the right to privacy, and the government not intervening and having decisions over not just women's reproductive health but about a whole range of privacy rights.
3:18 pm
>> in the draft opinion, alito writes, we emphasize that our decision concerns the constitutional right to abortion and no other right. nothing of this opinion should be understood to cast doubt on precedence that do not concern the right to abortion. so what do you think? >> that decision almost 100 pages also says that abortion is not specifically enumerated in the constitution. and it suggests that if a right isn't specifically identified that there is no protection for it. and this whole notion about precedent we saw those three supreme court justices appointed by donald trump, particularly amy coney barrett and brett kavanaugh, at least said before the confirmation hearing that roe was precedent. but yet we see them being a part of the five that are voting to overturn roe. so this notion that something is precedent and therefore off
3:19 pm
limits, i don't think we have confidence in that because we have this evidence that they said this was precedent roe v. wade, now they are acting in a way contrary to that. i think there is a level of distrust as it relates to the reasoning in the opinion by justice alito that we have seen in respect to those confirmation hearings. >> if it is overturned, it'll have a major impact in states across the country. several states have already signaled their restriction to restrict or outright ban abortion. notify louisiana there was a bill advancing through the state legislature that would classify abortions as homicides. arkansas has a trigger law that would make abortion a felony except to save the life of a mother. and there are other states that don't want to make an exception for rape. it is interesting, as jeffrey toobin pointed out earlier, that essentially these states would be criminalizing what is right now a constitutional right. how worried do women and
3:20 pm
providers have to be now about potential criminal prosecution if they are in a state that ends up banning abortion? >> oh, pamela-i think they have to be extremely worried about it. it's important to note, prior to the roe v. wade decision in 1973, about 200 women every year die from abortion procedures. and many women use self-induced methods, either they would take poison or take some kind of chemical to abort a baby. many women threw themselves downstairs. some went to unregulated providers. so it's not as if abortions weren't happening in this country preroe. and the fear is that those same kinds of methods that led to death and serious injury would women will be utilized. we know particularly women of color, particularly low-income women, they will be forced to try to come up with resources to travel. and many of them won't be able to travel to states where abortion is legal. so there are serious concerns about the criminalization of it as well as the health and
3:21 pm
well-being of women if roe is overturned and at this point it looks like half of the country, at least half of the states in the country are going to criminalize abortion in some form or fashion. >> and it does raise all kinds of questions specifically in those states that would just outright ban abortion saying life begins at conception. well, what now for the frozen embryos in your state and ivf? legally, what do you make of that? >> i think all of those, the rights, again, to control your reproductive health, all of those rights are at stake now or are at risk now. and those that you mentioned, pamela, but also contraceptives, also the abortion pill. many women take an actual pill that's available, it's permissible under the law. what's going to happen with that pill? will it be illegal in some states but legal in other states
3:22 pm
where you have to travel from mississippi to california to have access to that pill? will you be criminalized if you take the pill out of the state of california and take it to a state like mississippi? there are so many questions like that that have not been answered because we don't know ultimately what's going to happen to roe. but it makes those of us who are for the voice that women have had had very concerned. the big question is we can't name one case that any supreme court has decided on, ruled on, that regulates men's reproductive systems, that regulates the health of men in a way that this decision would regulate women. so when you just think about the fundamental fairness of it, really it regulates women to second-class citizens, gives men a set of rights that women aren't entitled to. so the reasoning that alito uses in that draft opinion is very curious. and many people very distrusting of this notion that it's somehow limited just to abortions. and even in its limiting
3:23 pm
language sees it to be a complete contradiction of well-established jurisprudence. >> so much passion on both sides of this issue. i appreciate you coming on to share your perspective on it. sh thank you so much. >> thank you. workers at an alabama plant are scrambling to make more javelin antitank missiles, but could cranking out more weapons for ukraine mean fewer weapons for the u.s.? i'll ask a "washington post" columnist about just that, up next. ♪ ♪ can a company make the planet a better place? at walmart, we're pursuing 100% renewable energy in our opetions. and aiming to prott millions of acres of land. so we can all live better.
3:24 pm
your record label is taking off. but so is your sound engineer.
3:25 pm
you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit your doctor gives you a prescription. “let's get you on some antibiotics right away.” we could bring it right to your door. with 1 to 2 day delivery from your local cvs. or same day if you need it sooner. but aren't you glad you can also just swing by to pick it up, and get your questions answered? because peace of mind is something you just can't get in a cardboard box. that's how healthier happens together with cvs. (all): all hail, caesar! pssst julius! you should really check in with your team on ringcentral. oh hi caesar. we were just talking about you. yeah, you should probably get out of here. ♪ ringcentral ♪
3:26 pm
this? this is supersonic wifi from xfinity. it's fast. like, ready-for- major-gig-speeds fast. like riding-a-cheetah fast. isn't that right, girl? whoa! it can connect hundreds of devices at once. [ in unison ] that's powerful. couldn't have said it better myself. and with three times the bandwidth, the gaming never has to end. slaying is our business. and business is good. unbeatable internet from xfinity. made to do anything so you can do anything. there are lots of choices when it comes to your internet and technology needs.
3:27 pm
but when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security. and you choose fiber solutions with speeds up to 10 gigs available to more small businesses than any other provider. the choice is clear: get unbeatable business solutions from the most innovative company. get a great deal on this limited time price with internet and voice for just $49.99 a month for 24 months with a 2-year price guarantee. call today.
3:28 pm
just days after president biden visited a weaponsmaking facility in alabama to thank workers for helping to get essential weapons to ukraine, we're hearing from their boss. lockheed martin is in the process of doubling protection of antitank javelin missiles. each one has about 250 micro processors from asian suppliers. that is one factor delaying the boost in production. lockheed's ceo says congress needs to help quickly to help fund domestic production because it will take time to build that infrastructure. >> it takes years. so we're collaborating right now, for example, with intel. it's one of our partners in trying to drive what we call 21st century security, international defense. and we're going to need the most advanced processors. and we're going to need them to be customizable to defense needs as well. so having that domestic capability, again, to go all the way through production and testing is going to be more important in the future than it is even today. >> i'm going to bring in the
3:29 pm
senior fellow with the council on foreign relations and columnist at the "washington post." hi, max. there is also the concern about the u.s. being able to maintain a healthy stockpile for itself. how much concern is there, or should there be about relaying on asian micro processors? >> reporter: obviously in the long run you want to be able to move production for microprocessors to the united states. and some of that is happening now. there's a bill in congress that would certainly encourage that and make it easier. but it needs to pass. the immediate priority is to help ukraine win the war and the most important thing we can do for the defense of the united states, for the defense of nato, for the defense of democracy in the world is to ensure that ukraine defeats the russian invasion. so i would not be worried at this point about running down u.s. stockpiles of javelins or other weapons. we need to meet the needs of the moment, which is to get everything we possibly can to ukraine.
3:30 pm
and i think president biden understands that. now he just needs congress to approve the new request for more than $30 billion in additional funding. because the defense department is running out of money under the current appropriation to help ukraine. >> in your recent op-ed piece for "the washington post," you suggest russia is learning firsthand why it's better to play defense in a war than to be the aggressor. why do you think that? >> there's been a shift in technology where, you know, in world war ii and immediately afterwards, there was a sense that the attacker had the advantage and warfare with tanks and aircraft, but now you're seeing a shift towards the defender. and that's what i was highlighting in that article with weapons like the javelin or the nla or the stinger and also drones like the tb2 drones from turkey that ukraine has been using so effectively. it makes it much harder to attack because those are relatively low-cost weapons that
3:31 pm
can wreak devastation among tanks and aircraft and even warships. you saw ukraine which doesn't even have a navy but they sank the moskva which is the russian black sea fleet. you can still attack, but it becomes much harder, and the russians are paying a heavy price because the ukrainians are showing themselves to be very capable defenders employing the weapons that the west has been supplying them. >> yeah, they certainly have. it struck me today that zelenskyy said in this meeting he had with g7 that -- with the g7, that his ultimate aim is a complete russia withdrawal from ukraine. and i'm wondering what your take is on that. of course he wants a complete withdrawal of russians from ukraine. but is that realistic? do you see any scenario that actually happening? if not, what is sort of the best
3:32 pm
worse case scenario in your view? >> i think president zelenskyy has a pretty realistic view of the situation because he's pretty regularly said even though he would like to see russia withdraw, he could imagine negotiating with russia as long as they withdraw not completely but rather to the lines of february 24 before the current invasion started, which implicitly concedes that russia is probably not going to leave all of ukraine and certainly not going to give up crimea, which is territory that they seized in 2014. so i think there is certainly the potential to push russia much further back in donbas and eastern ukraine, i think you will see that their offensive is going to run out of gas in the next few weeks, and the ukrainians are already starting to counterattack around kharkiv, and they can expand that counterattack and probably retake some of the ground that they have lost at the beginning of the war beginning february 24th. but i think it's going to be a heavy lift for them to eject all
3:33 pm
of russia, especially from crimea, which is supported by the russian fleet and is a very hard target. they're not anywhere close to being able to take crimea. so i think if ukraine can simply get russia back to the february 24 lines and then we can still maintain sanctions on russia, i think that's going to be a tremendous victory for ukraine. that's going to be a defeat of the aggression that's going to be a massive, massive blow to putin. but he's going to have trouble hiding from his own population. >> and you think that's a realistic scenario? >> that is a realistic scenario, absolutely. russia has taken some territories since february 24th. but they're being rolled back as we speak. and the russians are losing equipment at a rapid rate. they've lost over 3,000 vehicles, according to open source reporting, hundreds and hundreds of tanks. and the ukrainians actually have more tanks now than they did at the start of the war. they now have american artillery
3:34 pm
that can outrange russian artillery. i think what you're going to see in the next few week that's while the russian offensive is going to get weaker, the ukrainians will get stronger. we don't know how it's going to turn out, but i think there is certainly an opportunity for the ukrainians to push the russians back from a lot of the territory that they gained at the start of this war. >> max boot, thank you. >> thank you. rising interest rates may cool off the hot housing market. how will that affect homeowners and people looking to buy a house right now? we're going to break it down next. ♪ there's heather on the hedges ♪ ♪ and kenny on the koi ♪ ♪ and your truck's been demolished by the peterson boy ♪ ♪ yes -- ♪ wait, what was that? timber... [ sighs heavily ] when owning a small business gets real, progressive helps protect what you've built with affordable coverage.
3:35 pm
no ink! ugh! i need you to print, i need you. you think you're empty? i'm empty. do you suffer from cartridge conniptions? be conniption-free, thanks to the cartridge-free epson ecotank printer. a ridiculous amount of ink you're mocking me. not agn! the epson ecotank. just fill & chill. [ kimberly ] before clearchoice, my dental health was so bad i would be in a lot of pain. i was unable to eat. it was very hard. kimberly came to clearchoice with a bunch of missing teeth, struggling with pain, with dental disease. clearchoice dental implants solved her dental issues. [ kimberly ] i feel so much better. i feel energized to go outside and play with my daughter. i can ate anything. like, i don't have to worry. clearchoice changed my life. hitting the road? not all 5g networks are created equal. t-mobile covers more interstate highway miles with 5g than verizon. t-mobile has more 5g bars in more places than anyone. another reason t-mobile is the leader in 5g.
3:36 pm
discover a simple way to use colors in managing diabetes! inspired by nature, onetouch verio reflect® meter shows instantly if you're below, within or above your range. it cheers you on and provides guidance. connected to your health and your phone. visit today. i don't just play someone brainy on tv - i'm an actual neuroscientist. and i love the science behind neuriva plus. unlike ordinary memory supplements, neuriva plus fuels six key indicators of brain performance. more brain performance? yes, please!
3:37 pm
neuriva. think bigger. the lows of bipolar depression can leave you down and in the dark. but what if you could begin to see the signs of hope all around you? what if you could let in the lyte? discover caplyta. caplyta is a once-daily pill, proven to deliver significant relief from bipolar depression. unlike some medicines that only treat bipolar i, caplyta treats both bipolar i and bipolar ii depression. and, in clinical trials, feelings of inner restlessness and weight gain were not common. caplyta can cause serious side effects. call your doctor about sudden mood changes, behaviors, or suicidal thoughts right away. antidepressants may increase these risks in young adults. elderly dementia patients have increased risk of death or stroke.
3:38 pm
report fever, stiff muscles, or confusion, which may be life-threatening, or uncontrollable muscle movements, which may be permanent. these aren't all the serious side effects. in the darkness of bipolar i and ii depression, caplyta can help you let in the lyte. ask your doctor about caplyta, from intra-cellular therapies. air wick. essential mist aroma fragrances. for an exhilarating blend of essential oils. curated with citrus and mint to uplift the senses and transform your mood. air wick essential mist aroma. did i tell you i bought our car from carvana? yeah, ma. it was so easy! i found the perfect car, under budget too! and i get seven days to love it or my money back... i love it! i thought online meant no one to help me, but susan from carvana had all the answers. she didn't try to upsell me. not once, because they're not salespeople! what are you...? guess who just checked in on me? mom... susan from carvana! [laughs] we'll drive you happy at carvana.
3:39 pm
the governor of new york testing positive for covid. this from democratic governor kathy hochul. today i tested positive for covid-19, thankfully i'm vaccinated and boosted and i'm asymptomatic. i'll be isolating and working remotely this week. a reminder to all new yorkers, get vaccinated and boosted, get tested and stay home if you don't feel well. hochul's positive test comes as parts of new york have moved into the high destination of covid-19 community level, according to the cdc. a grim warning tonight from the white house on a potential massive wave of covid cases in the coming months. today, biden's -- president biden's covid chief says it is possible that the u.s. could see as many as 100 million new cases of covid this fall and winter.
3:40 pm
>> we're looking at a range of models, both internal and external models. and what they're predicting is that if we don't get ahead of this thing, we're going to have lot of waning immunity, this virus continues to evolve, and we may see a pretty sizeable wave of infections, hospitalizations, and deaths this fall and winter. we're going to need congress' help. and that's one of the key messages here is we need the resources to fight that battle so we don't have that kind of a fall or winter. >> the biden administration requested more than $22 billion in supplemental covid relief funding back in march and a massive government funding package. but it was stripped from the bill. the housing market is red hot, but could that be coming to an end? moody's predicts the two-year boom might start to wind down, and some cities could see housing prices drop by up to 10%. david greene joins me now, he is the host of "the biggerpockets"
3:41 pm
podcast and author of a book. so, let's talk about these mortgage rates. they have hit their highest levels since 2009. the fed is hiking interest rates. home buyers are worried. what do you think is on the horizon? >> well, we know that we have more rate hikes expected. we've been told that. so it's not a surprise that this is happening. those of us that are in the industry have known for a while that rate hikes were coming. so i would expect this to continue in the future. unfortunately, i don't think it's going to have the effect that most people are hoping for, which is lowered home prices. real estate's always local so it depends on where you live. but the supply/demand problem is much bigger than something just an interest rate hike can fix. >> explain why you think it won't drive down the prices, most of of your thinking behind that. >> in a perfect world, if supply is even with demand, when interest rates end up going up, what that does is it actually decreases demand. because homes become less
3:42 pm
affordable. but in our world that we're living in now, we have such a huge discrepancy between how much demand we have for homes and the supply that we can actually provide. interest rates may lower demand a little bit, but it still keeps such a big difference between the two. we have a huge housing shortage. so what i'm anticipating is that for those that are sort of on the lower end of the economic spectrum who can barely afford to get into the market, this rate hike is going to take them out of the game. but for those that already have wealth, that already have equity, they're still going to be buying real estate. and i don't think that there is enough supply to keep those people happy. so i don't see prices coming down in those specific markets. >> all right. so let's talk a little bit more about this in a more granular sense, just given the extra debt burden. what advice would you give a first-time home buyer who is still going to try to break into the housing ladder? >> yeah. i think this is a great time to be doing that.
3:43 pm
i am still buying houses myself. i'm buying them pretty frequently. the tricky scenario is that as a first-time home buyer, you probably don't have a ton of money, you're not as comfortable with real estate, and you're worried about if your income is going to stay strong as inflation makes everything that you want expensive. the other issue is inflation in general is driving up the price of these homes. so even though the money that we have isn't worth the same as what it was, the price of the home keeps going up, giving the impression that you're creating wealth. even if you're not necessarily doing so because your money's becoming worth less. so it's created this sort of dual-headed snake where you have to be investing in real estate if you want your money to keep its value because inflation is eroding it. but investing in real estate becomes a little more scary because the prices are getting higher. so what we've come up with at bigger pockets is this concept called house hacking. and it's this idea of buying a primary residence that you're going to live in but renting out parts of that home to other people. this could be converting a
3:44 pm
garage, it could be having an adu. it could be renting out the basement of your home while you live upstairs. or some people even do it by the room. but when you too this well, you end up owning a house but your tenants are paying a manual the or all of your mortgage so that everybody gets cheaper housing. >> that seems like a really reasonable plan there. you mentioned just about those people who have built fortunes off of real estate, who have invested in real estate. sounds like you're an investor in real estate. but with inflation so high right now, is property the best way to invest your money? >> real estate typically does incredibly well in an inflationary environment. maybe the best asset class that you could come up with. with more and more inflation on the horizon, i'm actually dumping more money into real estate. so, i'm connecting a 1031 exchange myself where i sold a bunch of properties in areas that i don't think we're gone are have as much appreciation and i'm reinvesting into areas where i think we're going to
3:45 pm
have a bigger run-up in both rents and prices because i'm expecting inflation to be pretty rough. it's already starting to affect us at the gas pumps, it's affecting us at the grocery store, and assets that produce income like real estate are being affected significantly as well. so when i see this coming, when i see, hey, my money's going to be worth less, i actually want to be buying more real estate. >> that's really interesting. definitely making me think as well. really quickly, i want to get your take on what economics professor justin wolfers told me last night. >> you can make mistakes in either direction. so it's just as likely the fed won't move that hard, won't move that fast, and, in fact, the economy will keep motoring on a little too quickly. so the point here is simply that the balance of risks is remarkably balanced right now. >> so if the fed doesn't move hard enough and things keep spiraling, what are does that mean for the housing market? >> well, it will have a
3:46 pm
significant impact in areas where the demand and the supply are roughly even. you're going to see prices come down or at least the market slow down in those areas because if people can't afford to pay the same for the house with rates going up, there's going to be less demand. but real estate is very local. so i live in the california bay area. there are not enough homes here for the people that are moving here. we also see a big shift in population into the southeast. the developers are putting up houses as fast as they can over there and they're trying to sell them. areas like idaho, montana, arizona. they're exploding as californians and new yorkers are going into those areas. in places like that you're not going to see prices come down. inflation is is going to make them go up even higher. what i'm cautioning people about is that there are some folks who live on fixed incomes where they're not going to be getting raises consistent with inflation. so even though we see the price of these really desirable assets like real estate increasing with
3:47 pm
inflation, some people's wages are not going to. but yet the food that they need to eat, the gas that they need to buy, their utilities, those things can all be going up. so if you're going to be investing in real estate, you want to make sure that you're doing it in an area where your tenants can actually afford the rent. >> 15 seconds. what would you suggest if someone is trying to figure out what to do with their money, to invest is in real estate or to invest it in the home they live in to make their home increase in value? >> i think that you buy a new house and you house hack it. you rent out rooms and make affordable housing for other people. >> david greene, thanks so much. great having you on the show. learned a lot listening to you. and that's always the hope with these conversations. his book "skill, a top-producing agent's guide to earning unlimited income" is out now. we'll be right back. ♪
3:48 pm
no matter who you are, being yourself can be tough when you have severe asthma. triggers can pop up out of nowhere, causing inflammation that can lead to asthma attacks. but no matter what type of severe asthma you have, tezspire™ can help. tezspire™ is a new add-on treatment for people 12 and over... that proactively reduces inflammation... ...which means you could have fewer attacks, breathe better, and relieve your asthma symptoms. so, you can be you, whoever you are. tezspire™ is not a rescue medication.
3:49 pm
don't take tezspire™ if you're allergic to it. allergic reactions like rash or an eye allergy can happen. don't stop your asthma treatments unless your doctor tells you to. tell your doctor if you have a parasitic infection or your asthma worsens. sore throat, joint and back pain may occur. avoid live vaccines. by helping control your asthma, tezspire™ can help you be you. no matter who you are, ask your asthma specialist about tezspire™ today.
3:50 pm
my great grandmother started a legacy of education in my family. she ran for state office. had no problems breaking the norms. she had a dream and decided to pursue it. find the strong women in your family with ancestry.
3:51 pm
3:52 pm
blazing sun and blazing speed. for the first time formula 1 is racing in miami. at least one driver calls it the super bowl of formula 1. why not? stars like tom brady were there. we have more on the glitz, glamour and gas. >> reporter: pamela, this has been the hottest ticket in town. it's seriously been a who's who of a-listers. michelle obama in the mercedes garage but a huge nba weekend. had lebron james and michael jordan in town with the williams sisters, george lucas,
3:53 pm estimated 300,000 people have been here over the course of the weekend. for those that paid it hasn't come cheap. tickets starting at $750. this has been seen as a landmark weekend for formula 1. the arrival of the second u.s. race alongside austin with will have willlas vegas joining the y next week. and while they may not gotten the beachfront location they built a fake marina with super yachts where fans could watch. in terms of the interest it is a perfect storm. interest combined with the netflix series "drive to survive" opening up formula to a
3:54 pm
new u.s. audience. lewis hamilton said at last the sport joined the american conscience. with all the focus the teams and the drivers have wanted to put on a show and they did just that. the world champion taking the victory ahead of the title rival. the pair going toe to toe throughout the 57 laps. this had been billed as formula 1's super bowl. it was a heavyweight battle fitting of the nfl home at the miami dolphins. pamela? >> thank you so much. hate crimes against poom of asian descent have surged and this week we celebrate michelle chan with more than 25,000
3:55 pm
personal safety devices to an americans. turnout far new york event shows how worried the community is about safety. >> the day of our distribution lines are past four blocks around the neighborhood where people waited almost two hours to for a personal safety device. to make the noise, pull out the pin. >> lerts people around you. >> simultaneously heart breaking and motivated. i highlighted the need and the fears that many folks experience right now. >> thank you so much. >> stay safe. >> i hope it helps to save lives. >> to learn how the organization are working to combat anti-asian hate go to cnn jill biden makes a surprise
3:56 pm
mother's day visit to ukraine. the latest on the trip just ahead. (grandmother) thank you for taking me home.. it's so far. (young woman) don't worry about it, grgrandm! this'll be fun. (young woman) two chocolate milkshakes, please. (grandmother) make it three. (young woman) three? (grandmother) did you t his number? (you woman) no, grandma! grandma!! (grandmother excuse me! (young woman vo) some relationships get better with time. that's why i got a crosstrek. (avo) ninety-six percent of subaru vehicles sold in the last ten years are still on the road. (grandmother) i'm so glad you got a subaru. (young woman) i wonder who gave me the idea? (avo) love. it's what makes subaru, subaru. ♪ life can be a lot to handle. ♪ this magic moment ♪ but heinz knows there's plenty of magic in all that chaos. ♪ so different and so new ♪ ♪ was like any other... ♪ ♪ ♪ i came, i saw, i conquered.
3:57 pm
(all): hail, caesar! pssst caesar! julius! dude, you should really check in with your team on ringcentral. i was thinking like... oh hi, caesar. we were just talking about you. ha ha ha. yeah, you should probably get out of here. not good. ♪ ♪ ♪ ringcentral ♪ mission control, we are go for launch. um, she's eating the rocket. ♪ lunchables! built to be eaten. [sound of helicopter blades] ugh... they found me. ♪ ♪
3:58 pm
nice suits, you guys blend right in. the world needs you back. i'm retired greg, you know this. people have their money just sitting around doing nothing... that's bad, they shouldn't do that. they're getting crushed by inflation. well, i feel for them. they're taking financial advice from memes. [baby spits out milk] i'll get my onesies®. ♪ “baby one more time” by britney spears ♪ good to have you back, old friend. yeah, eyes on the road, benny. welcome to a new chapter in investing. [ding] e*trade now from morgan stanley. >> tech: need to get your windshield fixed? safelite makes it easy. >> tech vo: you can schedule in just a few clicks. and we'll come to you with a replacement you can trust. >> man: looks great. >> tech: that's service on your time. schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ you're a one-man stitchwork master. but your staffing plan needs to go up a size.
3:59 pm
you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit
4:00 pm
i'm pamela brown in washington. on mother's day, the first ladies of the united states and ukraine unite. jill biden and the first lady share a hug during an unannounced visit. new details after americans get sick at a resort


info Stream Only

Uploaded by TV Archive on