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17-Year-Old Wins First Gold for Team USA; In the Shadow of Olympics Lies Brutal Trade in Dog Meat; How the Rocky Stock Market Could Affect You; Omarosa Dishes White House Dirt on Reality T.V. Aired 6-7p ET
Aired February 11, 2018 - 18:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[18:00:00] ANA CABRERA, CNN ANCHOR: -- two of his ex-wives, Willoughby, and another woman, and after Porter's resignation, the president praised him, wished him well, and took to Twitter with this. "People's lives are being shattered and destroyed by a mere allegation."
And that's the part that has Jennie Willoughby, Porter's ex-wife, unable to stay quite. The president implying that her story is not true. Willoughby wrote a piece for "TIME" magazine today. And I'm going to read some of it for you now.
She writes, "The words 'mere allegation' and 'falsely accused' meant to imply that I am a liar, that Colby Holderness is a liar. That the work Rob was doing in the White House was of higher value than our mental, emotional or physical well-being. That his professional contributions are worth more than the truth. That abuse is something to be questioned and doubted."
She goes on, "Everyone wants to talk about how Trump implied I am not to be believed as if Trump is the model of kindness and forgiveness. As if he readily acknowledges his own shortcomings and shows empathy and concern for others. I forgive him. Thankfully my strength and worth are not dependent on outside belief. The truth exists whether the president accepts it or not."
Willoughby also references other accusers and accusations by women against powerful men, not only in politics but in entertainment, for example, she continues, "Amidst the recent brash of sexual assault revelations born of the Me Too Movement even I found myself questioning the accuser. I almost allowed my societal conditioning to override what my heart knows to be true. Abuse is scary and demoralizing and degrading.
"It chisels away at your self-esteem and self-worth, until you are unsure whether your version of reality is valid or not. Ultimately this is not a political issue, this is a societal issue, and the tone has just been reset by the White House. If the most powerful people in the nation do not believe my story of abuse in the faith of overwhelming evidence, then what hope do others have of being heard?"
What I just read to you was not the entire "TIME" magazine piece by Jennie Willoughby.
Let's go now to CNN correspondent Ryan Nobles at the White House.
So, Ryan, evidently this controversy surrounding staffers at the White House is not going away.
RYAN NOBLES, CNN WASHINGTON CORRESPONDENT: It's certainly not. Especially when you read a powerful op-ed by one of the victims in this case, Ana, it's clear that they are going to continue to have their voices be heard. And what we saw today was an administration attempting to in many ways set a new narrative as to how they responded to this crisis and how they reacted to it, which doesn't necessarily always match with the facts that we've been given up until this point.
Take a listen to what some of these White House advisers said today on the Sunday morning talk shows specifically the role that Chief of Staff John Kelly played.
(BEGIN VIDEO CLIP)
KELLYANNE CONWAY, COUNSEL TO THE PRESIDENT: I spoke with the president last night and told him I'd be with you today and he said, please tell Jake that I have full faith in Chief of Staff John Kelly, and that I'm not actively searching for replacements. He said I saw that all over the news today. I have faith in him.
MARC SHORT, WHITE HOUSE DIRECTOR OF LEGISLATIVE AFFAIRS: I think there was probably some in the process a lack of communication between different elements in the White House.
I don't know, to be honest. I don't know who knew what when at this point.
MICK MULVANEY, WHITE HOUSE BUDGET DIRECTOR: And I think all the stories about replacing General Kelly are mostly being fed by people who are unhappy that they've lost access to the president under General Kelly's leadership as chief of staff. So no, I'm extraordinarily pleased with the job the chief has been doing. Everybody in the West Wing is. The president is as well. I think that talk about the chief's departure is much to do about nothing.
(END VIDEO CLIP)
NOBLES: So what you see there is the White House attempting to show that when they found out the full extent of the accusations against Rob Porter that he was swiftly dealt with and that he was no longer a member of the White House staff.
But, Ana, the fact is that we know that while he was undergoing the extensive background check that are required to earn a security clearance here on the White House that FBI agents interviewed both of his ex-wives and they detailed their version of the events and we know that as late as this fall that Chief of Staff John Kelly was made aware of these accusations against Rob Porter but it was not until the press reports emerged and in particularly that picture of one of his ex-wives with a black eye before the White House formally made a move. And that's why there were so many questions and so much criticism
right now of this White House as it relates to this particular issue -- Ana.
CABRERA: Ryan Nobles at the White House. Thank you for that.
Let's bring in our panel with us to discuss. Congressional reporter for the "Washington Post" Karoun Demerjian and "Washington Post" columnist Catharine Rampell.
So, Karoun, Axios is now reporting that privately President Trump actually believes Porter is guilty. So what do you make of that given what he has said publicly defending Porter?
KAROUN DEMERJIAN, CNN POLITICAL ANALYST: It's yet another discrepancy in the messaging that's coming out of the White House. If President Trump is believing these stories behind closed doors it makes it all the more perplexing that his instinct was to come out not just defending him, not to say he did a good job in the White House, it's so sad that this happened, but to basically throw a lot of doubt in the face of his ex-wives who are saying that -- who have told not just the public but the FBI for several months running at this point.
[18:05:14] The White House had several indications both from Porter, from the authorities, from the ex-wives that there was something to be worried about here over the last year and change. So if the president -- if Axios is reporting is true and the president actually believes this, then that makes it all the more perplexing that he's trying to spin this in a way that says there's nothing to see here. And you have to wonder what his logic is in doing that if he believes there is actually there-there in these reports.
CABRERA: And Jake Tapper asked Kellyanne Conway about the president's remarks defending Porter today, calling for due process. Listen to what she said.
(BEGIN VIDEO CLIP)
CONWAY: When the president is saying -- talking about due process, he's right in this way. We are a country of laws, there is due process. It's absolutely correct. But we as individuals have a duty to assess everybody on a case-by-case basis. And in this case you have contemporaneous police reports, you have women speaking to the FBI under threat of perjury, you have police reports, you have photographs.
And when you look at all of that pulled together, you realize that Rob Porter did the right thing by resigning.
JAKE TAPPER, CNN ANCHOR: It sounds like you believe the women.
CONWAY: I have no reason not to believe the women.
(END VIDEO CLIP)
CABRERA: So, Catherine, according to Axios, the president actually believes this, too. Why can't he say it then?
CATHERINE RAMPELL, WASHINGTON POST COLUMNIST: Because this would reflect badly upon his leadership, upon his White House. If he acknowledges, in fact, that they knew about it, the FBI knew about it, and they did nothing, right? So they have to kind of -- Trump has to keep up this charade that maybe Porter's innocent, we wish him the best. You know, he has to have this kind of knee-jerk reaction of protecting his people because his people reflect upon.
CABRERA: But what if everybody say yey to the president who says domestic violence is unacceptable?
RAMPELL: You would think --
CABRERA: There is a lot of evidence here that even if he didn't know about it previously, now we know and this cannot be accepted.
RAMPELL: One would think at the very least during that press conference on Friday that the president could have said -- could have said everything that he said about Porter, he could have added something to the effect of, and I feel for these women, et cetera. But at the very, very least he could have said domestic violence is bad.
Like why would that have been so risky, so dangerous for him to say? And he couldn't bring himself to say that. Because again, if you say domestic violence is bad and you are President Trump, then the next question is, well, why did you tolerate it under your roof? Why did you allow this guy in any case to have access to the most classified, top secret document that reach your desk? When he was susceptible to blackmail? I mean, it just opens an entire can of worms if Trump acknowledges that something was awry here.
DEMERJIAN: That's not the only question that it opens as well. I mean, you're absolutely right. It opens the question of why didn't you do something before when you had 13-month's notice at least on this since you came into the White House? It opens up the question of what about all the other people who haven't gotten final security clearance? They're still operating on an interim basis. And even potentially more critically, this is not a president who has -- you know, is immune to women accusing him of treatment that is considered inappropriate and wrong.
I believe that there are a lot of people, possibly the majority of the Democratic Party that if Trump were to acknowledge this would say, OK, well, what about you? What about all the accusations that women made against you when you were a candidate going back years? Why is it OK to point a finger at other people but not actually look in the mirror at the accusations of yourself? What about those women?
And I think that that's something that always is there in the back of the minds of -- you know, of the president is that, you know, there is -- it may not be domestic battery charges but in this MeToo era that we're in, it's treatment of women generally and he lives in a bit of a glass house there because he's had women accuse him that he said those are accusations that are not based on fact.
So this is kind of in keeping with the pattern that we saw for the president himself. We saw it when he was talking about Roy Moore denying allegations, we're seeing it now at least with the public face he's putting on the Rob Porter stories that are coming out. And it all kind of weaves together even if it's not the exact same circumstance. It's women versus people in this White House. And the president has not exactly been open to those accusations and taking them at face value in the past or present.
CABRERA: I just keep coming back to domestic violence is not a partisan issue. And it's not an issue in which there's a right and wrong, that's gray in any way, Karoun. Why aren't we hearing more from Republicans condemning domestic violence, seeking more information from the White House about security clearances, et cetera?
DEMERJIAN: Yes. You got to wonder about that, too. I mean, this is a no-brainer in a way to say that look, these women have clearly been through a very, very difficult experience, to talk at least in general terms, as Catherine was saying about domestic violence, domestic abuse, being a zero tolerance policy, that that is not OK.
[18:10:05] I know that Rob Porter worked in the Senate before so he has friends on Capitol Hill as well as he does in the White House. But it is surprising that you're not seeing the leaders of the GOP come out and draw a line in the sand on this because it seems like one of those no-brainer issues that they should. And the longer that they don't, the more they kind of give this as an issue to arm Democrats to point a finger at the Republican Party and say, you know, you guys are not living in the -- in the present, excuse me, and accuse the GOP of having a mentality that is OK with these sorts of things, which I don't think many people -- I think there's a lot of people in the Republican Party that do not agree that domestic abuse is OK.
DEMERJIAN: It's surprising you're not hearing more of them actually take this moment to say that very, very loudly and clearly.
CABRERA: I want to turn to the Democratic memo the president is refusing to declassify it, saying it could reveal sources and methods. Here's what Adam Schiff, the ranking member of the House Intelligence Committee, said about that today.
(BEGIN VIDEO CLIP)
REP. ADAM SCHIFF (D), RANKING MEMBER, INTELLIGENCE COMMITTEE: The hypocrisy of this just kind of reaches out and grabs you by the throat. Here the Republicans write a memo which the FBI quite accurately described as misleading and omitting material facts. The Department of Justice says it would be extraordinarily reckless to release this. And what does the president do? He says, I'm going to release it before I even read it, 100 percent I'm going to release it.
This is a president who puts his own personal interest above the national security interest of the country. Now they claimed when they released the Republican memo that this was in the interest of full transparency and all the White House people were saying full transparency. Well, apparently full transparency only goes so far.
(END VIDEO CLIP)
CABRERA: So, Catherine, is the White House picking and choosing when it wants to be transparent?
RAMPELL: Absolutely. If they promoted transparency, we would have seen Trump's tax returns by now, you know, for one. Look, maybe there are sources and methods in this memo that we -- the public shouldn't see, I don't know, I haven't read it. But if it were the case that the White House just doesn't want this to come out because they're worried about the political fallout that would be completely consistent with this White House's MO, right?
This is the consequence of lying about crowd sizes and other like meaningless things that you don't have any credibility. You lose the benefit of the doubt when you are making a national security case for information not getting out to the public because nobody trusts you anymore.
The widespread expectation is that Trump just does what is in his own personal political interest, not what's good for the country.
CABRERA: Catherine Rampell and Karoun Demerjian, thank you both for joining us.
RAMPELL: Thank you.
CABRERA: Also on Capitol Hill this week, things are getting serious on immigration. Debate begins in the Senate. With the March 5th deadline fast approaching. That means time is running out for a deal to protect the 700,000 plus DACA participants.
We'll talk to a Republican congressman who is passionate about the Dreamers, next.
[18:16:57] CABRERA: A rare moment of bipartisanship this past week. Congress passed a budget and both sides had to give and take a little, though given the huge price tag there was more taking than giving it seems. The budget includes an extra $165 billion for the Pentagon and additional $131 billion for non-military program. An extra $90 billion for hurricane and wildfire relief. Also this budget deal suspends the debt ceiling limit until March 2019.
Now one key element missing from this bill, protection for the Dreamers, the DACA recipients. Immigrants brought to the U.S. as children. And joining us to discuss immigration reform, where we're headed, Republican Congressman Will Hurd of Texas.
Congressman, good to hear -- have you here with us. Let me read you a tweet from the president just this weekend. "My administration has identified three major priorities for creating
a safe, modern and lawful immigration system. Fully securing the border, ending chain migration and cancelling the visa lottery. Congress must secure the immigration system and protect Americans."
Congressman Hurt, note, no mention of the Dreamers there.
REP. WILLIAM HURD (R), TEXAS: Yes. But I think they've made it clear that they do want to address 1.8 million young men and women that have only known the United States as their home. And the White House has been clear that they want to make sure that they have an eventual opportunity to become citizens. That's different than some of the bills that are making its way through the House and the Senate that just want DACA folks or Dreamers to have to renew every three years.
When you do something like that you create two kinds of citizens in this country. So I'm hoping now that we're going to be focusing on this issue over the next few weeks I hope we get something done that makes sense and protects these young men and women that have already been contributing to our country, our society and our culture.
CABRERA: The majority of Americans agree with you. I think the latest polling shows that somewhere in the 80 percent to 90 percent of Americans who want to see these Dreamers protected. And we keep hearing all of these different groups that are trying to come up with some kind of bipartisan immigration legislation. Give us a sense of what's happening behind the scenes to get a deal before that March 5th deadline.
HURD: Sure. In the House there's only one bipartisan deal, that's the USA Act that Pete Aguilar, a Democrat from California, and I came together to work on. The real focus next week is -- or this upcoming week is going to be the Senate. The Senate is going to start voting. They're going to have a shell of a bill and folks are going to be allowed to make amendments.
I'm hopeful that our USA Act which was introduced in the Senate by Senators McCain and Coons from Delaware offering that as an amendment to that deal, so the Senate is going to work through their process this week and we'll see what ultimately is going to be able to come out from there.
CABRERA: What's in the Senate bill you just mentioned?
HURD: Well, so the base text is just going to be a plain bill.
[18:20:04] And so the way this is going to happen is everybody is going to be allowed to offer an amendment and what's in those amendments we don't know. There's several pieces of immigration legislation in the Senate and everybody has the opportunity to offer an amendment.
I believe that whatever we ended up passing needs to be narrow and focused. Yes, we should secure our border. I have more border than any member of Congress, 820 miles. I spent almost a decade as an undercover officer in the CIA and chasing bad guys all over the world. Our borders aren't secure and we should be able to get operational control of them. And we can fix this for --
CABRERA: I think a lot of Democrats would agree with you on that.
HURD: I would agree. And that's something that we have -- you know, the original co-sponsors of our bill, 25 Democrats, 25 Republicans, that said hey, let's secure our border by the end of 2020 and let's solve the problem for the DACA recipients and Dreamers.
CABRERA: So as this debate on immigration starts officially in the Senate this week, here's what has a lot of people skeptical that anything is going to actually get done because you'll recall the Senate did pass a bipartisan immigration bill in 2013 and the House wouldn't even take it up.
Why won't House Speaker Paul Ryan give a guarantee that he will bring something to the floor if it passes the Senate?
HURD: Well, I wasn't here -- I wasn't in Congress in 2013, I don't know how that process went through. I think the speaker has said that he is interested in bringing something -- something to the floor. We got to figure out what that foundation is. I hope that we use the USA Act as the foundation in the House and if folks have amendments that they think that we need to bring in order to get more people to vote yes, then let's have those -- let's have those conversations.
It's better to have a -- because ultimately when this gets done, it's going to have to be done in a bipartisan way. And there's only one bill in the House that's bipartisan, so let's build upon that as a foundation. That's always been the plan and the idea.
Some have said that our bill doesn't -- it doesn't have appropriation for border security. Well, this has always been a bill that we were supposed to be voting on side-by-side with an appropriation bill for the rest of the government. Now that we got the budget done last week and we're starting to draft the omnibus or the appropriations bill to fund the Department of Homeland Security and things like that, these are votes that should be taken side by side so --
CABRERA: Really quickly. Sorry, real quickly, to interrupt, though. But -- to the initial question, though, is it OK with you this lack of commitment to have a bill actually come to the House floor?
HURD: Well, I've been told, and the speaker has made it clear that he wants to have a vote on immigration. And what that vote is going to be --
CABRERA: So you think it's guaranteed?
HURD: What -- it's hard for me to say whether something is guaranteed or not. I would have liked to have seen a vote months ago because the longer we don't do something, the more uncertainty that, you know, 1.2 million young men and women have to deal with. CABRERA: You are a current member of the House Intelligence
Committee, so I have to ask you about the president's decision not to declassify the Democrats' memo, the counterpart to the Nunes memo. President Trump says he's just heeding the advice of the FBI and the DOJ by not releasing this memo in its current form. But he didn't do the same with the Republican memo. Is it a double standard?
HURD: I don't think so. I've read both of them obviously. In the Republican memo there was no information in that memo that hadn't already been out in the public domain. So there was nothing there that was going to have an impact on national security equities.
In the Democratic memo, I personally brought up at least four cases that we could have rewritten parts of the memo in order to make sure that we were protecting national security equities. Adam Schiff refused to take that -- take those suggestions. I hope that they're willing to tweak some of the language that doesn't change the tenor or what they're trying to accomplish but it can protect those equities and let's get that -- the Democratic memo out as quickly as possible.
CABRERA: So you disagree with your Republican colleague in the House who writes, "Both the Republican and Democratic FISA memo should be released. I've read both memos and neither one endangers national security. The American people deserve the opportunity to read both memos." That's from Justin Amash.
HURD: Well, I agree that -- that all Americans should read both the memos. But I think there are four elements within the Democratic memo that if you changed a word here or there that would not reveal or have an impact on national security equities and we can get that out as quickly as possible.
All of us voted to release that memo. The Democrats on the committee had said that they wanted to follow what guidance that DOJ and the FBI had to say.
[18:25:06] But again, in my opinion, there's four elements that a quick tweak -- and I've already given those suggestions to my Democratic colleagues on how to get that done.
CABRERA: OK. Congressman Will Hurd, we really appreciate your time and thoughts on this. Thank you.
HURD: Always a pressure. And keep talking about this issue of immigration because the more we talk about it, the more my colleagues realize this is an issue Americans want to get done, the quicker we can get it cone.
CABRERA: Come back any time and we'll talk more about it. Thanks, again.
Coming up, as the world gathers in South Korea for the Winter Olympic Games a dark truth lies behind the medal podiums. The trade of dogs for meat. Why up to 30,000 dogs are slaughtered every year in South Korea, next. But first, raw nerves. As we wait for tomorrow's reopening of the
stock market, the anxiety coming after last week's big losses including two separate days where the Dow dropped more than 1,000 points. The big question now, have we seen the worst?
Here's CNN Money's Christine Romans.
CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: Hi, Ana. Will the stock market ever settle down? That's the big question after a wild two weeks that pierced Wall Street's calm. Stocks are trying to rebound from last week's selling. The Dow suffered its biggest point decline in history on Monday. Another 1,000 point drop followed on Thursday with the Dow closing in correction territory.
What is clear here, volatility is back with a vengeance. This kind of choppy trading takes time to work out, so analysts say this could be the new normal for a while. And more selling could be ahead if bond yields keep rising.
There are two reasons that makes investors nervous -- better returns on bonds makes stock less investment and a rapid rise in yields could signal inflation and foster interest rate hikes from the Federal Reserve.
It also makes U.S. debt more expensive. And in 2018 the government will need to borrow twice what it did in 2017. That means the U.S. deficit will cross to $1 trillion next year. Why? Largely because the new budget deal allows $300 billion in additional spending and the new tax law cuts revenue.
In New York I'm Christine Romans.
[18:30:00] (COMMERCIAL BREAK)
ANA CABRERA, CNN ANCHOR: Red Gerard. With a name like that, he was destined for fame, right?
The 17-year-old from Colorado -- whoop, whoop -- taking home the first gold medal for Team USA in snowboard slopestyle.
Gerard struggled on his first couple of runs -- he fell on both of them -- but the third time was the charm. On his last run, he delivers with clean lands in all three jumps, becoming the youngest American male to win an Olympic gold medal since 1928.
Max Parrot and Mark McMorris from Canada taking home the silver and the bronze.
And an incredible fete considering that McMorris, the bronze medalist, almost died during a snowboarding accident last year after he hit a tree midair. In fact, his injuries were so bad he had to be put into a medically induced coma. Listen to this.
(BEGIN VIDEO CLIP)
MARK MCMORRIS, PROFESSIONAL SNOWBOARDER, CANADA: When I was laying there, I was pretty sure I was going to die because I had so many broken bones, and I could tell there was a lot wrong inside.
And the first two times they called the helicopter, it was taking a while. And with a ruptured spleen, if it takes up to two hours, you can just die. So it was a really scary time.
(END VIDEO CLIP)
CABRERA: An amazing come back and a huge congratulations to all three of those medal winners.
Now, as millions around the world are cheering on their home teams as they snowboard and skate their way to gold, silver, and bronze, not far away in the shadows of Olympic Park in Pyeongchang lies South Korea's dark truth. A brutal trade in dog meat.
Randi Kaye has been investigating for us. Randi, tell us more about this.
RANDI KAYE, CNN CORRESPONDENT: Ana, there is good reason to be excited about the Winter Games. They're always fun to watch.
But what many people may not know is that while the games are underway, thousands of dogs in South Korea, many of which were stolen off the street, are being raised on farms only to be killed for their meat.
We visited one such farm where a rescue of dozens of dogs was underway. Take a look.
KAYE (voice-over): This is how more than 170 dogs were living on a farm outside Seoul, South Korea. It's considered a dog meat farm.
The farmer has been raising dogs and slaughtering them for their meat for 20 years. He told us he doesn't feel any guilt.
KIM YOUNG HWAN, DOG FARMER, SOUTH KOREA (through translator): Animal is animal, meat dog is meat dog, pet is pet. We need to separate them.
KAYE (voice-over): While some of these farms are regulated, in many the conditions are horrific. Dogs locked in cages 24/7, no human contact, only scraps of food, and little water. Many of them end up sick but don't get any medical treatment.
NARA KIM, SOUTH KOREA DOG MEAT CAMPAIGN MANAGER, HUMANE SOCIETY INTERNATIONAL: They just live on their feces. And there is nothing in the cage, so they're so bored sometimes they just bite each other or fight each other. They just want a connection. They just want some attention.
KAYE (voice-over): Nara Kim is part of a team from the Humane Society International. Despite the fact that dog meat is still accepted and eaten by many in Asia, the Humane Society is working to shut down these farms. In South Korea alone, there are about 17,000 dog meat farms. And
across Asia, it's estimated 30 million dogs are killed for their meat each year.
[18:35:40] N. KIM: Today, we are going to send several dogs to the U.S. so we came here to take them out from the cage. And probably, it's their first time ever to get out of this cage.
KIM (through translator): There is that trend where the dog meat culture is being driven underground, so this is not a good business. You shouldn't be in a business that's going into shadows.
KAYE (voice-over): The breeds found here include Beagles, Golden Retrievers, Hounds, all these dogs that might otherwise be kept as pets. And what's even more surprising, many of these farmers also have pet dogs while raising so-called meat dogs.
KIM (through translator): I love all animals. I love all animals. Yes, I have a pet dog. I'm raising an English bulldog.
KAYE (voice-over): Here is how it works. The Humane Society International cuts a deal with willing farmers. It sets them up in a new business like farming vegetables as long as the farmer signs a contract promising that he will never go back into the dog meat trade.
KAYE (on camera): In an unprecedented move, the leader of South Korea seems to be taking a stance on the issue. President Moon Jae-in recently adopted a dog rescued from a meat farm, the first of its kind to have the title of first dog in South Korea.
And with South Korea hosting the Olympic Games this year, the country is imposing restrictions on dog meat markets in an attempt to limit international controversy.
KAYE (voice-over): Still, that's not enough for some athletes. Canadian Olympic skater Meagan Duhamel adopted this dog from South Korea and is an outspoken critic of the dog meat trade.
She told me, I do wish and hope that all dog meat farms will be closed down. We see dogs as companions and man's best friend. We can't imagine anything bad happening to our beloved pets.
Already, hundreds of thousands of people have vowed to boycott the Winter Games, signing a change.org petition calling for the end of dog meat consumption.
These dogs are some of the lucky ones. So far, the Humane Society International has rescued more than 1,200 dogs. Once a vet clears them, the dogs are shipped to the United Kingdom and the United States for adoption.
Just a month or so after being rescued from the dog meat farm we visited, this lucky Golden Retriever has found herself a forever home. Her new family named her Sophia.
PAT KERNES, ADOPTED SOPHIA: I believe that she has a very gentle spirit about her, which I think is just one of the very -- one of the traits that we love the most about Goldens.
KAYE (voice-over): This was Sophia back in South Korea, and look at her now in the U.S.
KERNES: She loves the freedom of the backyard.
KAYE (voice-over): One farm at a time, one dog at a time, ushering in a new future for South Korea.
KAYE: And this isn't just happening in Asia. Recently, right here at home, a raid in Pennsylvania discovered about 150 dogs that were being raised for their meat.
It's a problem across the country which is why there is now a bipartisan bill making its way through the United States Congress to try and put an end to the dog and cat meat trade here in the U.S. It's known as the Dog and Cat Meat Trade Prohibition Act.
And hopefully, Ana, it will save many animals' lives. Back to you.
CABRERA: So interesting. Randi Kaye, thank you for that.
Coming up, after a volatile week, stock markets around the world will be opening for the first time on Monday. So how could investor anxiety affect you? Next.
[18:42:46] CABRERA: The U.S. stock market opens in just 15 hours. And are we in for another wild ride?
The stock market's wild fluctuations last week resembling a dramatic roller coaster ride. President Trump touting the economy on Monday as we saw the biggest single-day point drop in Dow's history. The Dow closing down 1,175 points or 4.6 percent.
Then as the week progressed stocks recovered, then nosedived, then wobbled, before plummeting again on Thursday. The Dow Jones Industrial Average swung more than 1,000 points Friday in volatile trading before closing the day up more than 300 points.
So let's talk it all over with the economist Ben Stein, the author of "The Capitalist Code: It Can Save Your Life" and "Yes, You Can Time the Market."
So, Ben, let's start right there. This was a wild week for the stock market. We talked about the huge volatility. What do you think is going on and what is the impact on Main Street?
BEN STEIN, AUTHOR, "THE CAPITALIST CODE: IT CAN SAVE YOUR LIFE AND MAKE YOU VERY RICH": Before I answer those questions, I have to say the last segment you had on about slaughtering of dogs is so incredibly and morally important. There's no more morally important subject in the world. Please, please, please, everyone do whatever you can to save dogs from
being slaughtered for their meat.
Second, we --
CABRERA: And I'm a dog lover, too. I feel you.
STEIN: Second, we don't know what the future of the stock market is. We do know that there is a lot of reasons for it to fall. It was just too darned high.
Long ago, when we had a crash in 1987, Ronald Reagan was asked why it crashed, and he said, very wisely, I think it was just too high. And it was too high.
But there is no fundamental underlying problem with the economy, and so there should no long-lasting crash. And the effect on consumer spending should be very small indeed because of what is called the wealth effect. That is the amount that the stock market goes up or down and its effect on consumer spending is trivial.
CABRERA: I hope you're right, Ben Stein.
Now, the President just tweeted this: 4.2 million hardworking Americans have already received a large bonus or their pay increased because of our recently passed tax cut and jobs bill. And it will only get better. We are far ahead of schedule.
Now, we're not sure exactly where the President is getting his numbers. We are checking on that, but, Ben, we know that individuals are still just seeing a fraction of the benefits compared to the big corporations.
[18:45:01] STEIN: Well, except that's not true. With all due respect and I admire you and love you very much but --
STEIN: But with all due respect, when the stock market goes up, people's retirement plans go up, people's college endowments go up, charities' endowments go up, hospitals' endowments go up.
So when the stock market goes up, it's an enormous benefit to the economy in general. Even if it doesn't affect consumer spending where --
CABRERA: No, I hear what you're saying but he is talking about his -- we're talking about the tax cuts specifically.
STEIN: Ana, and the tax cuts has a huge effect on the stock market because by very greatly cutting the corporate income tax rate, it raises corporate profits. That raises the price of stocks and that benefits --
STEIN: -- enormous numbers of charities and other eleemosynary institutions.
CABRERA: There are still a lot of people, though, who don't have 401(k), who aren't invested in the stock market -- and before you respond, according to the survey --
STEIN: I agree there are a lot --
CABRERA: Let me --
STEIN: I agree.
CABRERA: Let me just throw this out there and get your response, the survey of Morgan Stanley analysts that say only 13 percent of company's tax cut savings will go to pay raises, to bonuses, to employee benefits. Forty-three percent will go to investors in the form of stock buybacks and dividends.
And this is again according to these analysts of Morgan Stanley. So do you think that's fair, Ben?
STEIN: I think it's totally fair. And again, it goes to people's retirement plans. And it's not just 401(k)s. For example, I, your humble servant, am a member of the Screen Actors' Guild. Most of our retirement funds are in stocks.
And that -- if the stock market goes up, that means our pensions are more secure. The same is true with pension plans, even if they're not 401(k)s or IRAs or Keoghs, they're all over the country.
Anything that moves the stock market up makes people's retirements more secure, makes their colleges more secure, and makes their hospitals more secure. Moving the stock market up is a very, very good thing.
And that corporate income tax should not have been in there first -- in the first place. If you want to tax somebody, just tax rich people.
See, I'm an unusual Republican. I think we should have higher taxes on rich people, but I don't think that the problem is corporate taxes at all. Cutting corporate taxes is a good idea. Taxing very rich people, great idea.
CABRERA: Let me ask you about one of the impacts of these tax cuts, the deficit, because we know the tax cuts alone are set to increase the deficit by about a trillion dollars.
Meantime, lawmakers just approved $500 billion in new spending. They suspended the debt ceiling limits for more than a year. And here is what GOP Senator Rand Paul had to say in "TIME" Magazine.
I quote, our debt is $20 trillion and growing, and our party seems to only want to be fiscally conservative when they're in the minority. We now control the House, the Senate, and the White House, and we should stand for less government and less spending. Instead, we see a massive increase that would make President Obama cringe. Ben, where have all the fiscal conservatives gone?
STEIN: That is a very good question. There's a theory in economics called supply side that says if you cut taxes, you actually get more revenue for the Treasury.
That turned out not to be true. It turned out to be a disaster in terms of the deficits. And the Republican Party has never really recovered from that.
I'm an old guy. I remember Dwight Eisenhower saying it was our duty to our grandchildren to have balanced budgets and to pay off the federal debt. That was a long, long time ago, and the Republican Party has walked away from that.
I would like to see them walk back to it. I live in a neighborhood in which almost every house has one or two Bentleys. I'd like to see those people taxed a little bit more, so we can have some more pay down of the federal debt.
We are heading towards a default. It may not be in my lifetime, but I have a granddaughter who is 7 years old. I don't want to see America default in her lifetime either.
CABRERA: Ben Stein, thank you very much. Good to see you.
STEIN: Thank you.
CABRERA: We'll be right back.
[18:53:17] CABRERA: Reality T.V. propelled Donald Trump to superstardom. It did the same for a former White House staffer who has just returned to her roots in the prime time spotlight whispering about the President. That's the subject of this week's "State of the Cartoonion."
JAKE TAPPER, CNN CHIEF WASHINGTON CORRESPONDENT (voice-over): She brought even more reality T.V. to the White House, but now Omarosa Manigault Newman is bringing her memories of the White House back to reality T.V.
OMAROSA MANIGAULT NEWMAN, FORMER DIRECTOR OF COMMUNICATIONS, WHITE HOUSE OFFICE OF PUBLIC LIAISON: Like, I was haunted by tweets every single day like, what is he going to tweet next?
TAPPER (voice-over): Omarosa is appearing on this season's Celebrity Big Brother."
NEWMAN: All the people around him attacked me. It was like, keep her away from him. Don't let her talk to him. And it's like -- and Ivanka's there, Jared's there. TAPPER (voice-over): And with a reality star sitting in the Oval
Office, the whole White House is almost like a reality T.V. show lineup.
DONALD TRUMP, PRESIDENT OF THE UNITED STATES: You know, I'm a ratings person.
TAPPER (voice-over): This week on "The Bachelor: White House Edition," communications director Hope Hicks seems to have given the wrong guy a rose.
HOPE HICKS, WHITE HOUSE COMMUNICATIONS DIRECTOR: Thank you. Thank you.
TAPPER (voice-over): Former Trump campaign aide turned FBI informant, George Papadopoulos, would be perfect on fit on "The Mole."
Meanwhile, on "Keeping Up with the Kushners," forgotten flame? Music legend Quincy Jones, this week, claimed he once dated the power daughter, Ivanka.
IVANKA TRUMP, DAUGHTER OF PRESIDENT DONALD TRUMP: My father values talent.
TAPPER (voice-over): And of course, this is all like an episode of "Survivor." This week, White House Chief of Staff John Kelly is hanging on by a thread. Who will stay and who will go? Stay tuned.
TRUMP: You're fired.
CABRERA: President Donald Trump standing up for former staffer Rob Porter despite the accusations of domestic abuse. Tonight, his ex- wife firing back at the president, next.
[18:55:02] (COMMERCIAL BREAK)
CABRERA: It's 7:00 Eastern, 4:00 in afternoon out west. I'm Ana Cabrera in New York. You are live in the CNN NEWSROOM. Great to have you with us.
Our breaking news on this Sunday. President Donald Trump's newest adversary, a woman who is not happy that the President, as she sees it, is calling her a liar.
Jennie Willoughby, the ex-wife of Rob Porter who left his senior position at the White House last week under a cloud of domestic abuse allegations. She claims Rob Porter physically and emotionally abused her.
[19:00:00] Now, after Porter quit, the President praised him, wished him well, and came to his defense on Twitter. Implying Porter's life was being shattered by mere allegation.