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Heated Debate over U.K. Referendum; North Korea Carries Out Missile Tests; America's Choice 2016; U.S. Senate May Vote on Gun Measure; Gunman Visited Pulse Nightclub Hours before Attack; Trump Tops U.S. Business Bankruptcy Filings; Final Day of Campaigning before Brexit Vote; Video Shows Paddling of China Bank Workers. Aired 2-3a ET

Aired June 22, 2016 - 02:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


[02:00:00]

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: We're better than that! We can do it.

JOHN VAUSE, CNN ANCHOR (voice-over): The heated debate over whether to stay or leave the E.U. Final campaigning ahead of Britain's big decision.

AMARA WALKER, CNN ANCHOR(voice-over): And North Korea's Kim Jong-il firing off more missiles, putting the region on edge.

VAUSE (voice-over): He calls her Crooked Hillary. Now she's hitting back with her own nickname, "The king of debt," how Clinton is using Trump's business record against him.

WALKER: Hello, everyone, welcome to our viewers in the United States and around the world. I'm Amara Walker.

VAUSE: And I'm John Vause, this is CNN NEWSROOM, live from Los Angeles.

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VAUSE: It is the last day of campaigning before the U.K.'s pivotal vote on whether to remain in the European. Polls suggest it is just too close to call, just under 46.5 million people have registered to vote, a record.

WALKER: Former London mayor Boris Johnson leads the Leave campaign and he is touring the country Wednesday trying to sway undecided voters, pushing to remain as Prime Minister David Cameron and he urged voters to think of Brexit's negative economic impact on future generations.

VAUSE: The final heated debate between the two sides took place on Tuesday night.

WALKER: Nic Robertson reports thousands attended at London's Wembley arena. (BEGIN VIDEOTAPE)

NIC ROBERTSON, CNN INTERNATIONAL DIPLOMATIC EDITOR: Well, this was the most lively and fiery debate so far. It was held in a sports arena at Wembley in front of a live audience of about 6,000 people. It was always going to have with it cheers and boos. It was always going to have something of an atmosphere of a sporting event. And that's the way that it played out for the best part.

There were three speakers for Remain, three speakers for Leave. They talked about immigration. They talked about security. They talked about economic -- Boris Johnson the former mayor of London, taking on the British Prime Minister David Cameron's claims that Britain will be better off in the European Union. Boris Johnson saying exactly the opposite.

(BEGIN VIDEO CLIP)

BORIS JOHNSON, FORMER MAYOR OF LONDON: They just believe that Remain side cannot think of a single one of the E.U.'s multitude of regulations that they would get rid of, not even the clinical trials directed to prevent vital pharmacies' work from being carried.

The E.U. is I'm afraid a job destroying engine. You can see it all across Southern Europe. And you can see it alas in this country as well.

(END VIDEO CLIP)

ROBERTSON: Now the whole debate lasted about two hours. And it felt like a debate of two halves judging by the way that the audience reacted listening to the cheers and the boos. The first half seemed to go with the Leave campaign. The Remain campaign seemed to get the second half.

Sadiq Khan, the current mayor of London who took over recently from Boris Johnson, he laid out the position saying that as far as the United States is concerned, as far as European Union is concerned, as far as NATO is concerned, Britain is safer and better off, more secure inside the European Union.

(BEGIN VIDEO CLIP)

SADIQ KHAN, MAYOR OF LONDON: In fact, all of them are saying, we're safer together.

GISELA STUART, BRITISH LABOR PARTY: All of them are also saying that as long as the European Union (INAUDIBLE) if the countries across Europe are not paying their 2 percent of the GDP which is the nation contribution, we will be weakening it.

KHAN: Stay and fight. Don't quit.

(CROSSTALK)

KHAN: Why are you a quitter? We are better than that. We can do it. (END VIDEO CLIP)

ROBERTSON: Now, you could hear some of the cheers there Sadiq Khan as he was speaking. This idea of stay and fight, he was echoing what David Cameron the British Prime Minister has said earlier in the day. That seems to be the message that they want to resonate with the public at the moment.

The Remain campaign going for this stay and fight inside Europe and the Leave campaign saying, take back control and leave. A very fiery debate -- Nic Robertson, CNN, London.

(END VIDEOTAPE)

WALKER: And turning to another story we are following, North Korea launched two intermediate range missiles from its eastern coast into the Sea of Japan. South Korea says the first one failed after flying 150 kilometers Wednesday morning, about 90 miles. The second missile is still being investigated.

VAUSE: North Korea has tried four other times since they've voted test this type of missile. As a precaution, Japan's self-defense forces are on high alert.

WALKER: Daniel Pinkston is a lecturer, international relations with Troy University and an expert on North Korea. He is joining us now from Seoul.

Thank you for doing so. I want to talk about these two missile tests. As we said, the first one failed, the second one is under investigation; it flew farther, 250 miles.

Are you concerned about the second launch?

DANIEL PINKSTON, TROY UNIVERSITY: Well, I'm concerned about all of the launches, of course. This missile is a road mobile missile, so it's very difficult to track. It has an estimated range of about 3,500 kilometers, maybe 4,000 kilometers.

[02:05:00]

PINKTON: So that would put Guam within its range and other U.S. bases in the Pacific, all of Japan. And these flight test failures are part of the normal development process and they have been going at this pace very rapidly to work out the problems with the missile.

WALKER: It seems like the North Korean regime, though, is in some kind of rush to perfect this technology.

Why are we seeing this series of missile tests?

I mean, this would be number six for this year when it comes to the intermediate range missiles.

What do you make of that?

How do you read into that?

PINKSTON: Well, it is quite striking, the rapidity of the flight tests. If you look any missile development program since World War II under the Nazis with the V-2 program all programs have a number of failures. They have to go through that process to work out the problems, go back and fix the engineering issues.

And North Korea has been doing this very rapidly. It is somewhat surprising because you would have to work out the problems before it would be time for a flight test. But they tested on April 15th, the 28th, May 31st and then this morning. So it shows that this is very important to the regime.

WALKER: Yes. What's also striking to our Paula Hancocks, was pointing this out, that Kim Jong-un has only been in power for four years, has launched 27 missile tests while his father, a stark difference, he was in power for 18 years and only had 18 missile tests under his reign. So significantly more tests under Kim Jong-un.

We've also heard many reports and speculation from Korea watchers that there may be a power struggle that's been going on within the regime.

Do you see this signals, as Kim Jong-un is feeling more and more insecure about his hold on power?

PINKSTON: Well, I'm not so sure about that. Authoritarian dictatorships inherently are unstable. And dictators have to do some things to stay in power but they do have autonomy on other issues.

And this nuclear and missile program under Kim Jong-un is a very, very high priority. He is pushing this, it's part of his identity to push this -- what this call this Byungjin line, this dual development of nuclear weapons and the economy.

So this is something they want to deploy because they believe it has a number of externalities and benefits to the regime.

WALKER: How would you expect the world to respond to this and particularly the people, the nations in the region, including Japan and South Korea?

PINKSTON: Well, this violates U.N. Security Council resolutions. Any launch using ballistic missile technology is a violation, North Korea is becoming more isolated. They've been placed under a number of sanctions, including financial sanctions. It makes it very difficult for them to carry out international trade and economic transactions.

So they are going to start feeling the pinch of these sanctions. Throughout this year, they're entering a period now where there are food shortages or the lean season before the fall harvest, also over the next month or so the anniversary of the start of the Korean War on June 25th to the end of the Korean War on July 27th they call it this month of anti-imperialism.

So they will ratchet up the rhetoric against the U.S. They might engage in some type of provocative action to show their strength. And always that has the danger of causing some kind of problem or escalation that could turn into a military conflict.

WALKER: Lots of worries, of course, surrounding this.

Daniel Pinkston, good to have you on the program. Thanks for your time.

PINKSTON: My pleasure.

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VAUSE: Hillary Clinton says Donald Trump as president would be reckless and dangerous for the economy.

WALKER: The presumptive Democratic nominee took shots at her Republican counterpart saying he would bankrupt the U.S. like he did to his casinos. Here is Brianna Keilar.

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BRIANNA KEILAR, CNN SR. WHITE HOUSE CORRESPONDENT (voice-over): Hillary Clinton hitting Donald Trump on his experience as a business man.

HILLARY CLINTON, FORMER SECRETARY OF STATE, PRESIDENTIAL CANDIDATE: He's written a lot of books about business. They all seem to end at chapter 11.

KEILAR (voice-over): Taking aim at him for going into bankruptcy with four of his corporations and for once calling himself --

[02:10:00]

KEILAR (voice-over): -- the king of debt.

CLINTON: The king of debt has no real for making college debt payable back or making college debt-free. This is a crisis that affects so many of our people. He has no credible plan for rebuilding our infrastructure, apart from the wall that he wants to build.

KEILAR: But Trump is embracing the moniker, tweeting, "I am the king of debt. That has been great for me as a businessman, but is bad for the country. I made a fortune off of debt, will fix U.S."

Many voters agree. In a new CNN/ORC poll, when asked who would better handle the economy, 51 percent of those polled said Trump, Clinton trailing him by eight points. Her campaign is trying to change that, putting up a new Web site in conjunction with her economic speech, theartofthesteal.biz, a play on his bestselling book "The Art of the Deal," and releasing a video about Trump's unsuccessful business ventures.

SEN. MARCO RUBIO (R), FLORIDA: Have you ever heard of Trump steaks? Have you ever heard of...

(CROSSTALK)

TRUMP: You know what?

RUBIO: All of these companies that he's ruined.

MITT ROMNEY (R), FORMER PRESIDENTIAL CANDIDATE: Whatever happened to Trump Airlines?

SEN. ELIZABETH WARREN (D), MASSACHUSETTS: Trump Games, Trump Travel, Trump Ice.

JOHN OLIVER, HOST, "LAST WEEK TONIGHT WITH JOHN OLIVER": "Trump" magazine, which folded, "Trump World" magazine, which also folded.

ROMNEY: And Trump mortgage.

KEILAR: But as Clinton trails Trump on handling of the economy in the polls, she's crushing him on fund-raising, with $42 million in the bank to Trump's $1.3 million.

That's not her only advantage over the presumptive GOP nominee. The latest CNN poll also shows voters see Clinton as having the better temperament to serve as president by a 24-point margin. Clinton today seeking to connect those doubts with putting Trump in charge of the U.S. economy.

CLINTON: Just like he shouldn't have his finger on the button, he shouldn't have his hands on our economy.

(END VIDEOTAPE)

WALKER: And you heard Brianna Keilar there talk about Clinton's anti- Trump's website, well, Trump is also hitting back.

VAUSE: His campaign says it's also launching a new site, lyincrookedhillary.com. It'll be up and running in a couple of days, they say.

WALKER: In Washington, the chances for the latest bipartisan gun deal after the Orlando mass shooting looks really unlikely.

VAUSE: On Monday the Senate failed to pass four gun measures, two from Democrats, two from Republicans, made lawmakers who were left visibly upset afterwards.

WALKER: Then on Tuesday, the National Rifle Association says it opposes a measure by Republican Susan Collins. Her proposal would ban gun sales to possible terrorists. It's a compromise bill. And right now she doesn't have the endorsement of leaders from either party, despite so many saying they want some kind of change.

(BEGIN VIDEO CLIP)

SEN. SUSAN COLLINSON (R): All of us are united in our desire to getting something significant done on this vital issue. Surely the terrorist attacks in San Bernardino and in Orlando, that took so many lives, are a call for compromise, a plea for bipartisan action.

(END VIDEO CLIP)

VAUSE: Monte Frank is the founder of Team 26, a group of cyclists who, over the years, have ridden 400 miles to Washington from Utah and Connecticut to push for gun reform. The group was formed after the massacre at Sandy Hook Elementary in 2012.

And he joins us now from Sandy Hook.

(BEGIN VIDEOTAPE)

VAUSE: Monte, did you think that after almost four years since 20 elementary children were murdered at Sandy Hook and countless of other mass shootings, that this latest bipartisan bill, which may or may not get voted on, may or may not pass the Senate, may or may not pass the lower House, would be the only significant gun reform that Congress is actually taking?

MONTE FRANK, TEAM 26: Well, we knew when it started that this was going to be a long haul and this would be a long journey but we're in it for the long haul. You know, we've seen significant progress on the state level.

And Congress has been slow to act. But keep in mind that, you know, this is the Senate that can't even do its job and hold hearings on Supreme Court nominees. You know, something as simple as that, that is called for in the Constitution, it is hard to expect that they would actually do their job and take measures into account to try to keep us safer.

So, you know, if we're going to keep pressing and if Congress refuses to do its job then I think it's incumbent on the American people to change members of Congress.

VAUSE: Well, one of the criticisms of this bill, the so-called no- fly, no-buy law, which is being debated, is the lack of due process for anyone actually gets on to that no-fly list or that terror list. So this is what Republican senator Lindsey Graham had to say.

(BEGIN VIDEO CLIP)

SEN. LINDSEY GRAHAM (R), S.C.: To my friends at the NRA, I understand your concern about denying somebody the right to buy a gun that's a constitutional right. But every right, whether it's speech or buying a weapon or any other constitutional right, has boundaries on it.

And I am far more concerned that the people on this list would buy a gun and kill as many people as they could with it if they bought it.

So that is where I come out. I hope we can pass this. Let's put it this way, if we can't pass this, it truly is a broken system up here.

(END VIDEO CLIP)

VAUSE: "Truly is a broken system up here."

So if this does not get through, then what?

FRANK: Well, I think they ought to pass legislation that will protect --

[02:15:00]

FRANK: -- us from folks on the no-fly list, from acquiring weapons of mass murder.

We've seen what occurred in San Bernardino and in Orlando and, unfortunately, it's going to continue to occur.

But you know, those are only two mass shootings. There have been over 300 mass shootings since what occurred here in Sandy Hook. And every weekend there are 26, 50 people killed in Chicago alone.

So, you know, we've got a much larger problem on our hands. So I think it's going to take not just passing measures that will protect persons on the no-fly list from acquiring firearms but there really needs to be a more comprehensive strategy in place on a federal level in order to make us all safe in our movie theaters, our night clubs, our schools, et cetera.

VAUSE: Let's just talk about baby steps though here.

If this compromise bill, this bipartisan bill put forth by Republican Susan Collins, if it does actually pass and it does get voted through, could this potentially be a crack in the glass, if you like?

It might just take this one piece of legislation to get through to simply change the entire narrative here.

FRANK: Well, I think it's a start. I think Americans need to see, like they have seen in Connecticut and New York and other states, that we're not after grabbing all the guns, that we want to take reasonable measures in order to protect Americans. And that still can be done in respect to the Second Amendment and what is says at the same time.

So if the first step is to make sure that those on the no-fly list are not able to acquire assault weapons and other weapons that could be used to kill many Americans, then I think that's a good start and hopefully cooler heads will prevail and the Senate will do its job and pass measures to protect us.

VAUSE: Monte, good to speak with you, thank you so much.

FRANK: Thank you very much.

(END VIDEOTAPE)

WALKER: We have new details on the Orlando terror attack just ahead. What the gunman did in the hours before the shooting rampage.

VAUSE: Also, dueling fires here in Southern California, scorching acre after acre, how crews plan to tackle the raging flames. That is in a moment.

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[02:20:00]

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VAUSE: Some images there of the fires in Southern California and crews are continuing to work to try and contain those blazes.

WALKER: On Monday, another fire spreading out in the San Gabriel Canyon, quickly scorching about 1,500 acres. Stephanie Elam tells us what crews are doing to put out those growing flames.

(BEGIN VIDEOTAPE)

STEPHANIE ELAM, CNN CORRESPONDENT: (INAUDIBLE) going to the reservoir, getting water and then dropping it on the flames here on this, the Fish fire and also the Reservoir fire, there are two fires burning just east of Los Angeles County that are about two miles apart. They expect them to merge at some point. So they're treating them as one big fire at this point.

The issue here, though, is, because of the low humidity and the high heat, they are really strapped across the state. Six fires are burning and so therefore they're splitting up resources to tackle these fires.

Here where we are in Duarte, the fires are basically burning across the street for some homes but the firefighters have been out there tackling any hot spots that they see to make sure they bring those down as the fire continues to burn up into the wilderness of the Angeles National Forest.

But what they're concerned about is that the wind turns these flames and push them to the west, there could be more communities that are forces into evacuation conditions. There have already been some 770 homes that have been evacuated because they're just too close to the flames.

But it all depends on the wind and what happens over the next few hours -- John and Amara.

WALKER: Our thanks to Stephanie Elam for that report.

We're going to turn now to the Orlando massacre. Investigators say Orlando gunman Omar Mateen was inside the Pulse nightclub several hours before the terror attack.

VAUSE: They think he may have been checking the club's security. Late details now from Ed Lavandera.

(BEGIN VIDEOTAPE)

ED LAVANDERA, CNN CORRESPONDENT (voice-over): Omar Mateen was angry as he packed a bag with his guns and then made the two-hour drive from his home to the Pulse night club in Orlando. That's what law enforcement sources say Noor Salman, Mateen's wife has told investigators.

Salman says she pleaded with Mateen not to leave and grabbed him by the arm. She says she didn't know he was planning to kill dozens of people at the club. She also never called police to report what was happening.

Law enforcement also says the day before the attack, Mateen purchased three plane tickets for himself, his wife and child to fly to California.

On Tuesday, Attorney General Loretta Lynch visited the shooting site but refused to say if criminal charges would be brought against Salman.

LAVANDERA: Are you convinced that Omar Mateen's wife did not know about this attack, or should she have done more to stop it?

LORETTA LYNCH, U.S. ATTORNEY GENERAL: Well, we're not going to speak about anyone else's role in this right now while we are investigating the matter. We are trying to learn everything we can about Mateen and all the people in his ambit in the days and weeks and months leading up to this attack.

LAVANDERA: The investigators are using Mateen's the cell phone and surveillance video inside the club to build a timeline of his movements in the hours before the deadly rampage.

Law enforcement sources tell CNN, Mateen showed up at the Pulse Nightclub earlier in the evening, paid the entry fee and obtained a wristband. He may have been checking the building security that night.

Mateen left the club, came back two hours later and unleashed the violent shooting spree. Investigators are trying to figure out what Mateen was doing during those two hours.

RON HOPPER, FBI ORLANDO ASSISTANT SPECIAL AGENT: That is why we're asking for anybody and everybody that had any contact with this individual to come forward --

[02:25:00]

HOPPER: -- so we can piece that information together.

LAVANDERA: Attorney General Lynch says investigators are still working to determine whether Mateen acted out solely as a self- radicalized extremist or if he was driven by homophobia.

LYNCH: We do feel that as we continue to build a timeline and a chronology and to build his life, that we will be able to determine this I cannot tell you definitively that we will ever narrow it down to one motivation.

LAVANDERA: Investigators have finished collecting evidence at the Pulse Nightclub, the roads have opened up in a small memorial of flowers and tributes is already being left under the club's marquee -- Ed Lavandera, CNN, Orlando, Florida.

(END VIDEOTAPE)

WALKER: An American teenager is under arrest for attempting to provide material support to ISIS and travel overseas to join the terror organization.

VAUSE: FBI agents took 18-year-old Akram Musleh into custody in Indiana. They say he was trying to board a bus to New York, where he had a scheduled flight to Morocco and then head to ISIS-controlled territory. If convicted he faces a maximum sentence of 20 years in prison and a $250,000 fine.

WALKER: Argentina is heading to the Copa America Finals. The top- ranked team defeated the U.S. 4-0 in the semifinals on Tuesday.

VAUSE: Lionel Messi, who many consider the world's best player, set Argentina's record with the 55th career goal. Argentina will meet either Chile or Colombia in the Copa Finals on Sunday.

WALKER: All right. Coming up next for our viewers in Asia, CNN's "STATE OF THE RACE" with Kate Bolduan.

VAUSE: For everyone else, when we come back, Donald Trump is getting ready to hit back at his Democratic rival. We'll look at his speech, which is planned on Wednesday, taking aim at Hillary Clinton.

WALKER: Also a heated debate ahead of Britain's biggest decision in a generation. See the fireworks and hear from people in coastal towns about a Brexit from the European Union.

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[02:30:00]

VAUSE (voice-over): Welcome back, everybody, you're watching CNN NEWSROOM live from Los Angeles, just going 11:30 here on a Tuesday night. I'm John Vause.

WALKER: And I'm Amara Walker. We have the headlines for you this hour.

(HEADLINES)

(MUSIC PLAYING) VAUSE: The race for the White House now on a CNN/ORC poll finds 51 percent of voters believe Donald Trump would be better at handling the economy compared to Hillary Clinton.

WALKER: And Hillary Clinton is challenging that notion and pointing out all of Trump's fiscal failures, calling him reckless and dangerous for the country. She says the U.S. economy would fall apart under him.

Now Trump is already firing insults right back at Clinton. He says he will address her, quote, "failed policies and bad judgment" on Wednesday.

VAUSE: Joining us now, Democratic strategist Dave Jacobson, Republican consultant John Thomas.

Thanks for coming back.

Let's take a look at this all-out assault that Hillary Clinton launched on Tuesday, this is really telling because she is going after Trump's biggest strength here, his business record, obviously his strengths on the economy. This is what she said about Donald Trump outsourcing jobs to other countries.

(BEGIN VIDEO CLIP)

HILLARY CLINTON, FORMER SECRETARY OF STATE, PRESIDENTIAL CANDIDATE: Trump's own products are made in a lot of countries that aren't named America.

Trump ties are made in China, Trump suits in Mexico, Trump furniture in Turkey, Trump picture frames in India, Trump barware= in Slovenia. And I could go on and on. But you get the idea.

(END VIDEO CLIP)

VAUSE: Trump responded to all that just a few hours later.

(BEGIN VIDEO CLIP)

DONALD TRUMP, REPUBLICAN PRESIDENTIAL CANDIDATE: And you know why?

Because they devalue their currencies and they make it impossible for companies to compete. And she doesn't have to say that because I say it all the time. I say, unfortunately, my ties are made in China.

And I will say this, the hats, make America great again, I searched long and hard to find somebody that made the hats in this country.

(END VIDEO CLIP)

VAUSE: OK, John, to you. This is a time when the Democrats and Hillary Clinton are really trying to define Donald Trump. They think if they can do it now, they'll pretty much have a lock on this. And looks like it could be working, at least for now.

JOHN THOMAS, REPUBLICAN CONSULTANT: Well, it worked in 2012 --

(CROSSTALK)

THOMAS: -- Mitt Romney and they're hoping it will work again now. And it's not been a good two weeks for Donald Trump.

But what is interesting is, a lot of these same attacks we heard in the Republican primary. And it didn't stick.

VAUSE: A different audience.

THOMAS: But the different audience but also Trump was in control of the narrative. Trump was defining his opponents early. Trumps has to reverse it. We're going to see a big speech from him tomorrow.

And for his sake, he needs to be able to take control of the narrative but also take control of the narrative in the ad wars. And right now, he's not raising enough money to do that.

So if he doesn't do both of those, he is in deep trouble.

WALKER: Do you think Clinton needs more momentum right now?

Because when you look at the polls, sure, most polls show that she is ahead of Trump right now, even though just a few weeks ago they were running neck and neck. But she has got a huge machine behind her in terms of cash and the number of staff numbers. And there is just about, what, a 7-point average lead that she has on Trump.

DAVE JACOBSON, DEMOCRATIC STRATEGIST: Look, she's got the wind at her back. And I think a lot of that stems from the coalition building that she did with, with Barack Obama, Elizabeth Warren, Joe Biden, a lot of Bernie Sanders folks are starting to shift and coalesce behind her.

And so she's really unified the Democratic Party. And I think that's why we saw the bump in polling. I think last week, Bloomberg came out with a poll that showed her 12 points ahead. But you're right, I think the average is about 7 points. So we're clearly seeing a trend. But I think in terms of the jobs and the economy issue, she has got a third-party validator now that's helping to build the case against Donald Trump.

Moody's Analytics today said that Donald Trump would pose a serious danger to the global economy. And so that coupled with her speech today I think really is going to be a strategy where she tries to put a wedge between Donald Trump and the voters and in terms of the economy and jobs.

THOMAS: I think at the end of the day it's a hard argument for Hillary Clinton to make, because the reverse question is, OK, if he is bad on the economy, then are you good?

Well, Donald Trump can make the argument saying, well, you can argue about my record but I've created jobs and you haven't. I think it's a hard argument for her to make at the end of the day.

VAUSE: And with that in mind, though --

[02:35:00]

VAUSE: -- she continues to tie Donald Trump, the businessman, to what a Donald Trump president would be like. Listen to this.

(BEGIN VIDEO CLIP)

CLINTON: He bankrupted his companies, not once, not twice but four times. Hundreds of people lost their jobs, shareholders were wiped out. Contractors, many of them small businesses, took heavy losses. Many went bust.

But Donald Trump, he came out fine.

Here is what he said about one of those bankruptcies, "I figured it was the bank's problem, not mine."

(END VIDEO CLIP)

VAUSE: And John, to your point, I think this goes to what you're saying, yes, Donald Trump said I did build that casino. I did build that hotel. But the Democrats are going to fire back, saying yes, but you did it off the backs of the little guy. You paid 30 cents on the dollar not because you had to but because you wanted to.

THOMAS: Right, and that is a standard Democratic attack that you're -- that the Republicans and Donald Trump, in this case, is the evil corporate raider. I just don't think it's going to stick because Hillary Clinton has the difficult challenge of redefining people's perceptions about Donald Trump, that he's a successful businessman. People think that to his core. And Donald Trump was successful in the Republican primary, especially with blue-collar, middle-class white workers because he is not just a billionaire, he is a blue-collar billionaire.

WALKER: But you know, looking to the general, he has got a cash problem, right?

I mean --

THOMAS: He does.

WALKER: -- how is he going to get major GOP donors to start backing him, especially -- will they be watching his response closely tomorrow?

THOMAS: Yes, that is right, they're going to -- if they don't see polling numbers starting to shift in the next two weeks, I think it starts to pick up a momentum of itself. Donald Trump failed to plan in the primary for the general election and create that donor machine that he needs now.

And, look, that may be the thing. If he doesn't pull it out, it will be because he didn't prepare for a general election, to fight in the ad wars that he needs. VAUSE: And Dave, we're all wondering why isn't he buying ads, why isn't he running a traditional campaign?

It's because he's got no money.

(CROSSTALK)

JACOBSON: -- no money, look, and he doesn't put his money where his mouth is. He said that he was going to put a billion dollars into this campaign in the primary.

VAUSE: He even said he could fund it for around $70 million.

You guys run campaigns.

Can you run a presidential campaign on $70 million?

JACOBSON: The governor's race in 2010 in California, someone spent $150 million just in one state.

THOMAS: Here is what he needs to do. He needs to, while he's trying to raise money, he needs to look at this as an opportunity and say, yes, she has raised a lot of money and she's raised it from special interests like Wall Street and drive that wedge while he is trying to put together --

WALKER: But that's obviously appealing to his base because this is why they like. They like that fact that the optics that he is not beholden to major donors and lobbyists.

THOMAS: And it's not just his base. A lot of America was attracted to Bernie Sanders for that very same reason, so he can expand the tent by driving that message.

VAUSE: OK. And Hillary Clinton did talk about Wall Street reform. And she warned that Donald Trump would undo what Barack Obama has done. Listen to this.

(BEGIN VIDEO CLIP)

CLINTON: Trump would take us back to where we were before the crisis. He would rig the economy for Wall Street again.

Well, that will not happen on my watch, I can guarantee you.

(END VIDEO CLIP)

VAUSE: And Dave, when I heard that, you know what I thought?

Release the transcripts. Release the transcripts of your speeches to Wall Street.

Why not?

JACOBSON: Well, bringing up the Wall Street issue for sure is going to be a double-edged sword for her on that front. But look, I do think that there is some credence to the issue of Donald Trump's tax plan. The reality is he says he is for working class and poor Americans.

But if you look at his comprehensive tax plan that he rolled out during the primary, it's a billionaire tax plan for billionaires and millionaires. It's basically George Bush trickle-down economics that does nothing for poor and working class families.

Transition that to Hillary Clinton's plan, she's going to be investing billions of dollars in infrastructure and education and things that actually create jobs and help middle class families put -- make ends meet.

THOMAS: I think it's a slippery slope; most voters think she is beholden to Wall Street. She had a lot of problems with that in her own primary. This is not the direction -- if I'm giving advice to Hillary Clinton, I would say stick to things that are easy, call him dangerous on foreign policy, call him reckless, whatever you want. Don't attack him on Wall Street.

WALKER: So what do you think we're going to hear tomorrow when Trump responds to this?

Obviously you think he's going to bring in the Wall Street issues?

And also -- I mean, here are some of the points of the planned speech that we're hearing here at CNN, obviously touching on the Clinton e- mail scandal that she's been embroiled in, the trade deficit, her immigration policies.

It will be interesting to hear what he has to say about that. And The Clinton Foundation and of course his insults of her, tying her to being Crooked Hillary.

But give us kind of a preview of what you think we're going to hear.

THOMAS: I think you're going to see -- he's going to throw the kitchen sink at her tomorrow and we're going to start to see this ramp up the negativity. He's going to undermine her on her issues of foreign policy. Look at her record of Libya and Benghazi and what happened there and let's litigate that further.

I think he's also going to undermine her as to her record with women and defending or actually tearing down women in an effort to defend her --

[02:40:00]

THOMAS: -- husband. I think also he is going to tie points between The Clinton Foundation and her time as secretary of state, and foreign governments giving donations to The Clinton Foundation.

There is a lot of material there. I don't think he can get it all done in one speech.

VAUSE: Dave? JACOBSON: I think the question is does he break any new news?

Is he putting out any information that hasn't really been dug into throughout the primary process?

Like is he coming up with anything new that hasn't been discussed?

If he is just sort of circulating warmed-over talking points, I don't think it's going to go over well and I think that we're just going to back to the momentum question of his tanking poll numbers, the fact that he has got lackluster fundraising and anemic --

THOMAS: But let's remember, Dave, the Millennials of our generation didn't see the Monica Lewinsky scandal. They didn't see that whole process. Most of them aren't familiar with what Hillary did or didn't do.

VAUSE: Well, let's face it, nothing flies in the face than a good old Hillary Clinton attack fest, which is what we'll probably see --

(CROSSTALK)

VAUSE: Guys, thanks very much.

(CROSSTALK)

WALKER: Good to have you both. Thanks for coming in.

VAUSE: OK. Some background now on another party, which we rarely hear about, they're called the Libertarians.

WALKER: Who?

Well, they say they are the third largest and fastest growing political party in the U.S. A group of activists founded the party in 1971. Libertarians propose substantial cuts to the size of government and taxes and say they will give people more personal freedom and responsibility.

VAUSE: Former New Mexico governor Gary Johnson is the party's presidential nominee with former Massachusetts governor, William Weld, up for vice president. Some recent polls indicate the Libertarians have the support of up to 12 percent of voters.

WALKER: And the two nominees will appear on our network. Chris Cuomo is moderating the CNN Libertarian Party town hall.

VAUSE: Join us on Wednesday for this live event, 9:00 pm Eastern throughout -- in the U.S. and again on Thursday morning, 10:00 am in London for our international viewers, only on CNN.

WALKER: All right, time to take a short break. When we return, voters in England's eastern coastal towns are still undecided on the Brexit. Their reasons for and against it -- next.

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[02:45:00]

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WALKER: Glad to have you back.

Wednesday is the final day of campaigning before the U.K. Brexit referendum and both sides are fighting to sway the undecided voters.

VAUSE: Advocates for the Leave and Remain camps made passionate appeals through our televised debate before 6,000 people in London Tuesday night.

(BEGIN VIDEO CLIP)

SADIQ KHAN, MAYOR OF LONDON: Turkey is not set to join the E.U. Turkey is not set to join the E.U.

(APPLAUSE)

And Boris, you are telling lies and you're scaring people because you have used taxpayers' money to put out an election leaflet that says Turkey is set to join. And there is a map, and there's a map. As this map shows in red, Turkey -- but the only countries named in this map are Syria and Iraq. That is scaremongering, Boris, and you should be ashamed.

GISELA STUART, LABOUR MP, LEAVE CAMPAIGN: We heard earlier that the prime minister was meant to box a deal. That deal amounted to absolutely nothing. It's --

(APPLAUSE)

STUART: So when you have the most serious renegotiation attempt by a British prime minister, certainly since I have been in politics, and the best he got out was nothing, how do you think you're going to change it after you vote with Remain?

There is danger in remaining, vote leave.

(END VIDEO CLIP)

VAUSE: The husband of slain Parliament member, who supported the Remain camp, is speaking out about her political views. Jo Cox was fatally shot and stabbed last week in Northern England.

WALKER: And Wednesday would have been her 42nd birthday. Her husband, Brendan, says she would want him to fight for her legacy.

(BEGIN VIDEO CLIP)

BRENDAN COX, JO'S HUSBAND: She was a politician. And she had very strong political views. And I believe she was killed because of those views. I think she died

because of them. And she would want to stand up for those in death as much as she did in life. I don't want people ascribing views to her that she didn't have.

But I certainly want to continue to fight for the legacy and for the politics and the views that she espoused.

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[02:50:00]

WALKER: And if you would like to learn more about the U.K. referendum, head over to our website, cnn.com. And that is where you can read about the Remain and Leave camps and their respective arguments.

VAUSE: We'll head to China after the break, where there is outrage after one boss decided to spank his workers, all in the name of teambuilding.

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(WEATHER REPORT)

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WALKER: Welcome back.

A bank in China is struggling to explain a really bizarre video from a corporate team-building exercise.

VAUSE: It shows employees being physically punished for their poor performance. Linda Kinkade has the details.

(BEGIN VIDEOTAPE)

LYNDA KINKADE, CNN CORRESPONDENT (voice-over): The video is painful to watch. Asian employees of a bank in China stand on stage in front of their colleagues after finishing at the bottom of a team-building exercise.

A corporate coach wielding a long wooden paddle, shouts at the four men and four women.

Then he begins to --

[02:55:00]

KINKADE (voice-over): -- strike them on their rear end, the paddle landing each time with a loud crack. He walks up and down the lines, spanking each of the bank employees, a total of four times. One hit throws a woman off balance. She cries out.

Some members of the audience can be seen turning their heads away in embarrassment.

Posted on Weibo, China's version of Twitter, the video has gone viral, triggering a storm of criticism directed at the bank.

The corporate coach has now apologized, saying he should improve his teaching methods. And the bank's supervisory board says it's removed two executives from their post -- Linda Kinkade, CNN.

(END VIDEOTAPE)

VAUSE: Here is a tip: don't work at that bank. Seriously.

Oh, my God.

WALKER: Spanking sounds more like a beating.

You're watching CNN NEWSROOM, live from Los Angeles. I'm Amara Walker.

VAUSE: I'm John Vause. The news continues with Rosemary Church after a short break.

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