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Stocks Rally on Trump Win; Russians Cheerful After Trump Victory; Protests to Trump's Victory. Aired 9:30-10a ET

Aired November 10, 2016 - 09:30   ET

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

[09:30:00] CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: Obamacare has been -- has been rough. But the essence of Obamacare that people with a pre-existing condition would have coverage, remember, they used to be ostracized by the health care system and that young people could stay on their parents' insurance, those things -- those things, what we're hearing from Republicans, is the broad brush strokes of what is Obamacare would have to stay, quite frankly, because those are the popular parts of it.

You can see the market is just opening, Carol, and you're going to see a pop here this morning because there is some enthusiasm for other parts of Donald Trump's plans like, for example, an infrastructure bill, for example, cutting regulations across all of the government departments, maybe cutting taxes. So with GOP control of both houses of Congress and the presidency, there is some enthusiasm actually on wall Street that Donald Trump won't go into a trade war, that maybe many of his trade initiatives will not be implemented, and some of these other things -- some of these other things will.

In fact, the whole idea of repealing and replacing Obamacare is one reason why you saw hospital stock crash yesterday. It's because hospitals have been treating patients who have never had access to the health care system, right. And you also had drug stocks that soared.

A quick point here, Carol, at 18,662, just a second ago, you talk about a record high for the Dow Jones Industrial average here. So as people are trying to get a sense of what a Trump presidency would look like for your money, investors are saying, wow, we think he's going to build roads, we think he's going to cut taxes, we think he's going to cut regulations, which would be good for business, and they're enthusiastic. After a freak-out yesterday, investors, this morning, look like they're enthusiastic.

I would say watch construction company stocks. I would say watch steel stocks. Anything that has to do with building stuff, I would watch that. And watch the health care stocks as well.

CAROL COSTELLO, CNN ANCHOR: As we -- OK, as we continue to watch these numbers, I do want to -- I do want to double down on something about Obamacare.

ROMANS: Sure.

COSTELLO: If Obamacare is repealed and 20 million people are affected, right, because that's how many are enrolled in Obamacare right now --

ROMANS: Yes.

COSTELLO: How would that work? Would they just not have insurance anymore? Would -- like how exactly would that work?

ROMANS: If you just repealed Obamacare, just repealed it, you've got 20 million people on the exchanges right now who would have to go find insurance, right? Some of those people may not be able to find insurance because they would have a pre-existing condition and they would not be eligible for insurance.

COSTELLO: So their policies would be canceled, right? Their policies would go away?

ROMANS: If you repealed Obamacare, maybe they would be canceled at the end of the year or they would not be renewed, but you'd have to see what that -- what that would look like.

What we're hearing from Republicans, though, Carol, is they know it is incredibly unpopular to throw 20 million people out into the wild in the health care system.

I want to show you the percentage of uninsured Americans. And 11.4 percent of Americans are uninsured today. Obamacare has worked in getting people who did not have insurance into the system, right, but it has cost too much. They underestimated what it would cost to insure that -- that people were sicker and needed more health care than they thought.

What the key here would be is to figure out a way to fix the health care system as it is so that you would have maybe a risk pool that insurers could work from, so that maybe you would have higher fines for healthy young people who don't get into the health care system.

But what this president-elect is promising to do is to repeal and to replace it. What we need to see is the contours of how they would replace it. And what you're hearing from members of Congress who want this done, Republican members of Congress, they are saying they think that they are going to be able to persuade him to keep the pre- existing conditions and keep young people 26 and under on their parents' health care, but there's no guarantees and there's no real -- you know, we don't know for sure yet.

COSTELLO: All right, Christine Romans reporting live. And we'll continue to watch the numbers for you this morning. Thanks so much.

ROMANS: You're welcome.

COSTELLO: Still to come in the NEWSROOM, Russians rejoice as Trump seals the deal. Are we entering an era of thawing relations between the U.S. and Russia? And if we are, what does that mean?

(COMMERCIAL BREAK)

[09:38:00] COSTELLO: While Americans are split in their feelings about a Trump presidency, thousands of miles away, Russians are celebrating. Political leaders raised their glasses in a champagne toast and dined on hors d'oeuvres as Trump was declared the winner. CNN's Clarissa Ward live in Moscow with more.

Hi, Clarissa.

CLARISSA WARD, CNN SENIOR INTERNATIONAL CORRESPONDENT: Hi, Carol.

Well, what a difference a couple of days makes. I can't begin to explain how intense the Russian propaganda against this U.S. election has been. For nearly a year now, Russians have been told every day and every night that the election is rigged, that it proves what a failure western democracy really is. Now, we are hearing a very different tune, with people here extolling the virtues of America's democracy. And even the head of the Kremlin-owned Russia Today channel saying that she would like to drive through Moscow waving an American flag. Take a look.

(BEGIN VIDEOTAPE)

WARD (voice-over): This was the reaction of Russia's lawmakers as Donald Trump claimed victory.

VLADIMIR ZHIRINOVSKY, LEADER, DEMOCRATIC PARTY OF RUSSIA (through translator): Myself and the LDPR party congratulate Donald Trump on his victory.

WARD: Local media, too, could barely conceal its delight, running this clip of presidential look-alikes every hour on state TV.

Global markets tumbled with the news, but Russia's held strong, as President Putin congratulated President-Elect Trump.

PRES. VLADIMIR PUTIN, RUSSIA (through translator): We have heard his electoral slogans when he was still a candidate. He spoke about resuming and restoring relations with Russia.

WARD: In recent years, tensions between the U.S. and Russia have skyrocketed over Ukraine and Syria and, most recently, alleged Russian hacking of Democratic Party e-mails. With the relationship deteriorating to Cold War levels, anti-Americanism is at its highest here in years.

Russian coverage of the election has been particularly scathing of Hillary Clinton, who has even been called a cursed witch. Senator Andrei Klimov said that Clinton is aggressive and anti-Russian, but that relations could improve under Trump.

[09:40:09] WARD (on camera): Do you think that this new Trump era can be a better relationship for Russia?

ANDREI KLIMOV, RUSSIAN SENATOR: He declared already that he's ready for such kind of future. Who knows what's happened in reality, but I do hope that we have a chance now.

WARD: And he does seem to the quite popular with people on the street here.

KLIMOV: Like in America.

WARD (voice-over): People we spoke to seemed to agree.

WARD (on camera): Do you think that he will be a good president? (SPEAKING IN FOREIGN LANGUAGE).

UNIDENTIFIED MALE: (SPEAKING IN FOREIGN LANGUAGE).

WARD: Why do you think he'll be good?

WARD (voice-over): "I think he will be good," this man tells us, because he's been a businessman a long time and has had a lot of success."

"This election became a show," his friend says. "Maybe with Trump coming to power, that's going to change, and people's attitudes will become more serious."

The relationship between the U.S. and Russia may continue to be difficult. But for now, many here are celebrating.

(END VIDEOTAPE)

WARD: The Kremlin is being a little more tempered in their response officially. And that, Carol, is because Trump is still a wildcard, and there are a lot of thorny issues between U.S. and Russia that still need to be resolved.

Carol.

COSTELLO: All right, Clarissa Ward reporting live for us this morning. Thank you.

So, what would a Trump relationship with Russia look like? Let's talk about that. I'm joined by Jill Dougherty, global fellow at the Woodrow Wilson Center and former CNN Moscow bureau chief, and William Courtney, a former U.S. ambassador to Georgia and Kazakhstan.

Welcome to both of you.

So, Jill, what does Mr. Putin exactly want from Donald Trump?

JILL DOUGHERTY, GLOBAL FELLOW, WOODROW WILSON CENTER: Well, you know, there's the personal relationship, and they've heard all the right words. You know, Mr. Trump wants a better relationship. Why don't we get along with Russia, et cetera. But when the rubber hits the road, it's not just that personal relationship, it's some of the policies. And I think, you know, if you wanted to name like three, one would be Crimea. Remember the part of Ukraine that Russia annexed a couple of years ago? They want that recognized by the United States. And Donald Trump has said, I might think about that. That might be -- we might do that. Now, there's a long way between saying that sounds like maybe a good idea, and actually doing it. But that's one thing that President Putin would very much like. The other thing that's probably even more important is sanctions.

Sanctions that were imposed because of Ukraine and because of Crimea. These economic sanctions are hurting Russia, and it's a big priority for the government to get them removed. So I think there is a feeling that maybe, if the relationship improves, they could get rid of the sanctions.

And then, overall, better relations. But, you know, really, for Mr. Putin, it's transactional. He wants -- he wants the, you know, real things, not just kind of a buddy-buddy relationship with Donald Trump.

COSTELLO: Interesting. Also -- also, William, I think that Russia yearns again to be a superpower, right? It's not a superpower right now. Its economy is in the tank, right? And to appear on the same stage with the American president might give the illusion that Russia is again a superpower?

WILLIAM COURTNEY, FORMER U.S. AMBASSADOR TO GEORGIA & KAZAKHSTAN: It certainly contributes to the idea that Russia is a great power, which it is. It's a large country in between China and Europe, two of the three richest markets in the world. It has a lot of potential influence both global affairs and affairs closer to home.

The problem for Putin is that just establishing relationship with President Trump will not be enough. In order to improve relations, there have to be some real changes. And that could be in Syria, more cooperation. It could be pulling Russian troops out of eastern Ukraine, where there's a simmering conflict. Or it could be something else. For example, there's a nuclear arms treaty, the INF treaty, which Russia is apparently violated. So some kind of concrete progress has to be made in order to have a better relationship.

COSTELLO: OK, so some -- but, see, I just want to go back to that notion because I know that -- that Putin does yearn to be very respected on the world stage. And to have a good relationship with the United States, maybe be invited to the United States, you know, for a state house dinner or something like that, is that something that -- that Putin would want, Jill?

DOUGHERTY: Oh, definitely. I mean, you know, if you look at the way they have been injected into this presidential campaign in the United States, you know, here in the U.S. we say, oh, isn't that terrible, Russia, you know, is involved in the U.S. election. But in Russia, they're ecstatic. I mean they are thrilled. And I'm using that word, you know, technically. They are thrilled that Vladimir Putin and Russia are center attention in this election -- or have been in this election campaign because it means that they're back on the world stage again. They don't like being ignored. That's one very basic part of President Putin's foreign policy. Doesn't want to be ignored and he wants to be at the table on any major decision.

[09:45:22] So, you know, look at what he said when you said, oh, maybe we can improve relations, congratulations, as he gave it, to Donald Trump. He also said on the basis of equality and mutual respect. And what that means is that Russia wants to be back in the position it had as the Soviet Union as a major superpower. And as we just heard, it's not economically or militarily, but it is key -- it plays a very key role, sometimes just as a spoiler, in relations. But it's important. They do play an important role, but it -- we will have to define how president newly -- you know, minted President Trump can actually establish some type of concrete relationship.

COSTELLO: It's just fascinating. And my final question for you, William, is, why does Putin dislike Hillary Clinton so much?

COURTNEY: Well, she -- President Putin believes that Mrs. Clinton was promoting color revolutions, popular uprisings, democratic uprising against authoritarian rulers around the world, including in Ukraine and Georgia, for example, neighbors to Russia. So he kind of thinks that President Trump will be more of a realist. He'll pull back a bit and not be so involved. He'll be more accommodating with authoritarian rulers around the world.

COSTELLO: Interesting. Thanks for the fascinating conversation. Thanks to both of you, Jill Dougherty, William Courtney, appreciate you stopping by.

Breaking news out of Wall Street right now, the Dow opening at an all- time high after Donald Trump's big win. Take a look. Yep, 18,700 points. Wow. We'll keep an eye on it.

I'll be right back.

(COMMERCIAL BREAK)

[09:51:36] COSTELLO: While millions of -- oh, I'm sorry. I'm going to -- I'm going to ad lib over these pictures first so you can understand why we're showing you these. I apologize. We're taking a look at Reagan National Airport here in Washington, D.C. As you know, Donald Trump left the Trump Tower in New York City earlier this morning. He was on his way to the airport to board a plane. He will be flying into Reagan National and then traveling to the White House to sit down with a short meeting with President Obama. And the two men will talk about the peaceful transition of power. And then we believe that the two men will make public remarks after that meeting just to calm things down in the country and to show that, you know, this is a democracy and this is how a democracy works, and all will be well despite it all. At least with one half of the country, right? So when Mr. Trump arrives at Reagan National, I'll bring you back out there now.

All right, now, while millions of Americans do celebrate that Donald Trump victory, others have mobilized in anger. Across the country in at least 25 cities, thousands marched in protest against his win.

(BEGIN VIDEO CLIP)

UNIDENTIFIED FEMALE: Not my president!

CROWD: Not my president!

UNIDENTIFIED FEMALE: Not my president!

CROWD: Not my president! No KKK!

(END VIDEO CLIP)

COSTELLO: In Chicago, Los Angeles, New York, here in Washington, D.C., frustrated men and women protesting at Trump properties carrying anti- Trump signs, even burning a paper mache Trump head. There were 120 arrests across the country.

So let's talk about why these people are protesting. I'm joined by Zoe Hannah, she's a senior at the University of Pittsburgh. She helped organize some of the protests that took place in Pittsburgh.

Good morning, Zoe.

ZOE HANNAH, STUDENT, UNIVERSITY OF PITTSBURGH: Hi, Carol.

COSTELLO: Hi. So I'm just curious, you know, Donald Trump was elected president of the United States. So why protest now?

HANNAH: Yes. Well, we've been protesting. When you see the Black Lives Matter protests, Fight for $15 protests, Students Against Debt, these are things that we've been protesting throughout the campaign and even before that. So although --

COSTELLO: Well, but, still, I'm going to interrupt you here because, yes -- yes, there were protests before the election. But now the election has taken place and the people have spoken. So why continue to protest?

HANNAH: Yes. I think -- I think right now the protests are mostly about solidarity and being together. People are really scared and sad, basically. Anybody who is not a white man doesn't know if they're going to be safe in this country for the next four years. And even if everything is going to be fine, the shock that people were feeling on Tuesday night and on Wednesday is just so paralyzing and I think people are hitting the streets because they're really angry and they're really scared and they need to be together.

COSTELLO: Well, tell me, you say people are scared. What specifically do they fear happening?

HANNAH: I mean, for example, the comment that President Trump -- or President-Elect Trump made about grabbing women, that specific event has happened to me with somebody else. So like these moments where you see somebody who's going to be our president bragging about the sexual assault that's happened to you, that's terrifying. It makes me feel like I don't know if I'm going to be safe on the streets. I've heard hundreds of stories already about people being antagonized for their skin color or I know of a woman who had a hijab ripped off of her in public. It's a violent climate right now.

[09:55:22] COSTELLO: So there is a good portion of America who, you know, they're very enthusiastic about a Trump presidency. And I just want you to listen to a few of them to see if there's any middle ground. Let's listen. (BEGIN VIDEO CLIP)

CODY SPENCE, TRUMP VOTER: My health insurance alone, just for me, you're looking at almost $360 a month.

MIKE YAEGER, TRUMP VOTER: Got a notice the other day saying my Social Security is going up $3.69. Oh, boy, I can get a loaf of bread now. But, you know, it's -- I worked all those years and I see all that money went into Social Security and I can't -- I'm not benefiting really.

UNIDENTIFIED MALE: Everybody's sick and tired of the lies.

(END VIDEO CLIP)

COSTELLO: OK. So a lot of Trump supporters fear -- have fears about the economy. They want Mr. Trump to fix the economy. They want wages to rise so that they can have a better life. So surely the people who are anti-Trump can relate to that.

HANNAH: Of course. Yes. And I think that's what's so sad right now is that the DNC really overlooked this entire group of people that, you know, were forgotten and that's why Trump won. People felt like they weren't being heard and they wanted to speak out. And now they have somebody who they feel represents them. But I think Trump's campaign relied on fearmongering and it's not rooted in truth or reality. So I think people voted for him because they were scared and I don't think that he's going to be able to make it better.

COSTELLO: But here's the thing that Trump supporters would say. If young people felt so strongly anti-Trump, why didn't more of them go out and vote for Hillary Clinton?

HANNAH: I wish that I had a better answer for that question. It's so sad to me. I mean, I heard, I don't know if this is true, but I heard on Twitter that 11,000 people wrote in Harambe on their ballots. And I can probably bet that those are young people. And it's so upsetting that people just threw out their chance to have their voice heard, especially right now. And I think it's because this is just a time of complete confusion and desperation. I don't think young people realize that their votes count and matter. I think a lot of people are disillusioned because they had a lot of trust in Bernie Sanders and he was treated really unfairly during the primaries. And because of that he didn't win. And young people didn't trust Hillary Clinton.

COSTELLO: OK.

HANNAH: And then it kind of culminated in --

COSTELLO: All right. I understand. Thank you so much, Zoe Hannah, for being with us this morning. I do appreciate it.

The next hour of CNN NEWSROOM after a break.

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