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Continuing Coverage of the Tornado's Aftermath; Hedge Fubnd Billionaire's Comments about Women Traders Parsed; Examining Sexual Assault in the Military Issue

Aired May 24, 2013 - 15:30   ET

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

BROOKE BALDWIN, ANCHOR, "CNN NEWSROOM": You wish your home was destroyed.

JACKIE SING, LIFELONG RESIDENT OF MOORE: I kind of do. I really -- me and my wife said, yeah, it might be better to have those people over here and us over there because we have something and they have brand-new babies and -- sorry, I don't know even what to say. I'm just -- just help me, Lord. Help me, God. I'm sorry.

BALDWIN: Don't apologize. Don't apologize.

SING: It's been a rollercoaster, the past 72 hours.

Walking through our house, the past couple of days makes us realize what's valuable and what's replaceable. I think we can put everything in our lives in a bucket. That's all we've got to carry out.

I have my wife and my kids. That's all I care about. All this other stuff is just stuff. We got our pictures and the sentimental things. Didn't used to -- this is -- my dad passed away in '95, and I wear his ring every day as a reminder of my dad.

And I wear my ring of my wife. That's the two people in my life that -- and my mom, bless her heart, they went -- they just rode out the storm in Bethel Acres, the day before. They were a mile away from it.

And it's hard, very hard. Really makes you change your thoughts of what matters in life. It really does. You get so caught up in life and working and coaching and teaching and just trying to be the best you can be for the Lord, and the Lord gives you something like this, how are you going to react?

How are you going to move forward? It is like the Job experience. When everything is taken away from you, how are you going to start over? And I think this is a test and I feel comfort in that.

I know the Lord has something just incredible for me right now. And I got to live every minute and feel what He wants me to feel because He's felt everything that man feels.

It's -- beyond all the sorrow and grief and hurt I feel, I feel this ray of sunshine in me right now.

BALDWIN: Ray of sunshine despite ... SING: Yeah, despite.

BALDWIN: Despite the thunder.

SING: Yeah.

BALDWIN: Despite the storms.

SING: Just the hope of what God has for us.

BALDWIN: Thank you, Jackie, so much.

SING: You're welcome. I appreciate the time, and I appreciate the outpouring of love.

There has been so many people come through that have been so friendly and so giving and their hearts are wide open to help all of us that are devastated. And it's a tremendous feeling.

(COMMERCIAL BREAK)

BALDWIN: Coming up, caught on video, this hedge fund manager making outrageous comments about mot mothers and finance. He suggested, they're not as good as men.

My next guest has a little something to say about that. She has some stats to prove him wrong. We're back in 90 seconds.

(COMMERCIAL BREAK)

BALDWIN: One of the self-styled wizards of Wall Street appears to think he also knows a thing or two about women.

Want you to listen to Paul Tudor Jones. Jones is a hedge fund manager and a good one, too. The guy is a billionaire.

Here he is, breaking down what happens to female traders right after giving birth. He seems unusually sure about this.

(BEGIN VIDEO CLIP)

PAUL TUDOR JONES II, FOUNDER, TUDOR INVESTMENTS CORPORATION: As soon as that baby's lips touch that girl's bosom, forget it.

Every single investment idea, every desire to understand, every desire to understand what's going to make this go up or going to go down is going to be overwhelmed by the most beautiful experience, which a man will never share about the connection between that mother and that baby.

(END VIDEO CLIP)

BALDWIN: OK. Paul Tudor Jones said that male traders, when they suffer through divorce, lose focus and thus lose money. It is the remarks about women that are prompting all kinds of reaction, negative reaction as you can imagine. With me from Philadelphia is Lori Wachs, founder of Cross Ledge Investments. She has two kids, ages 15 and 17.

So, Lori Wachs, welcome to you. First question out of the gate, you know, you heard the comments made, University of Virginia, by this man, what do you make of them?

LORI WACHS, FOUNDER, CROSS LEDGE INVESTMENTS: They're pretty outrageous. I'm sorry that he didn't take the time during his busy macro trading to actually look at some of the statistics which show that women, in fact, are better fund managers than men.

We're a small piece of the overall investment pie, about 3 percent of hedge funds are run by women. But if you look at the decade of 2000 to 2009, those women run funds outperformed men by over 3 percentage points on an annualized basis.

BALDWIN: Right. You point out 3 percent. That's the most recent number we have. Women run 3 percent of hedge funds.

On a personal note, were you in the business when you had your first child?

WACHS: I have always worked. I worked at a large investment management firm when I had my children. And I set up my own fund about 3 years ago. And many people have a lot of different distractions, but most people are also able to compartmentalize and leave certain things at home and show up at work and do their jobs every day to the fullest extent that they have within them. And to make this kind of comment is just in this day and age really, really pretty upsetting as a woman who has always worked and who has really spent a lot of time focused on women related causes on this.

BALDWIN: so in his words, women, you know, post giving birth, lose their edge. Did you lose your edge?

WACHS: Well, let's look at my fund for the last two and a half years, which has beat the hedge fund equity index. Hard to see there was some edge loss there.

The fund I worked at, at Delaware Investments, for 17 years, we were one of the top 10 money managers of small cap stocks in the country, and were many times cited as a Wall Street Journal "category king."

So certainly no experience here, and the statistics show time and time again, women are better investors, academic studies show, by about one percentage point for the general population. We have hedge fund studies that show this. There are a lot of facts to back this up.

BALDWIN: Sounds like there are much fewer women in this particular slice of business, but they sound pretty successful, including you.

Lori Wachs, thank you so much for sharing your perspective with me today as a mother. Thank you.

Coming up, it is becoming a common thing to hear about sex assaults in the military. Just this week, an army sergeant charged with videotaping women in the showers at, of all places, West Point.

Well, today, President Obama chimed in a very, very public way. His words and Jake Tapper breaking it down for us next.

(COMMERCIAL BREAK)

BALDWIN: The commander-in-chief added his voice to the chorus decrying sexual assaults in the U.S. military. President Obama today devoted several lines to the top nick his commencement address at the U.S. Naval Academy.

(BEGIN VIDEO CLIP)

PRESIDENT BARACK OBAMA: In our digital age, a single image from the battlefield of troops falling short of their standards can go viral and endanger our forces and undermine our efforts to achieve security and peace.

Likewise, those who commit sexual assault are not only committing a crime, they threaten the trust and discipline that makes our military strong.

That's why we have to be determined to stop these crimes. They have got no place in the greatest military on earth.

(END VIDEO CLIP)

BALDWIN: That is the president, but did you hear the words of John Boehner? Yesterday, he called sexual assault within the military, quote/unquote, "a national disgrace," strong words from the speaker of the house.

Let's go to Washington and Jake Tapper here, host of "The Lead."

This story, the contagion within the military is starting to get people's attention, isn't it?

JAKE TAPPER, ANCHOR, "THE LEAD": It sure is.

I think one of the reasons it is getting so much attention, of course, is because of the allegations against two individuals in the military who are supposed to be in charge of preventing sexual assault. They are now being disciplined and investigations are going on.

In addition, of course, there is this anonymous study by the Pentagon indicating that 6.1 percent of active duty women have received unwanted sexual contact in 2012 and 1.2 percent of active duty men, that's 26,000 active duty troops.

And, of course, there is also an increase -- there has been an increase of six percent in reported military sexual assaults.

There is a lot of activity right now in Congress, specifically a couple of weeks ago we talked to Senator Kirsten Gillibrand about taking it out of the chain of command and putting other -- have other members of the military investigate these charges. But you heard President Obama at the naval academy today, very strong, very forceful remarks.

BALDWIN: Jake Tapper, in addition to that, what else do you have cooking for "The Lead" today?

TAPPER: We'll be talking about that bridge incident in Washington state. We'll be talking about cyber attacks. We have a visit with Gary Sinise, very active with veterans.

We'll be talking about a very serious veterans issue on this Memorial Day weekend.

And then, of course, we'll be taking a look at one of our favorite shows that's returning. "Arrested Development" comes back.

BALDWIN: Yes.

TAPPER: It was canceled in 2007, returns this weekend on Netflix.

And then, of course, we'll talk about the investigation into the Fox News reporter by the Department of Justice with our round table including Ryan Cillizza of "The New Yorker: who has been breaking story after story on this issue. We're looking forward to that.

You're doing great work in Oklahoma. I hope the people there are slowly starting to rebuild their lives. Very difficult to be there for the couple of days I was this week.

BALDWIN: Slowly but surely, these people are resilient.

Jake Tapper, we'll see you at the top of the hour for "The Lead."

The mayor of Toronto accused of smoking crack with Somali drug dealers, all caught on video, apparently. Well, he just broke his silence. That video just in is next.

(COMMERCIAL BREAK)

BALDWIN: Just in to us here at CNN, the mayor of Toronto responding to accusations that he smoked crack cocaine with Somali drug dealers.

"The Toronto Star" reported there is video of the incident. Well, Rob Ford just broke his silence. Here he is.

ROB FORD, MAYOR, TORONTO: Good afternoon, everyone.

I'd like to take this opportunity to address a number of issues that have circulated in the media over the last few days. There has been a serious accusation from "The Toronto Star" that I used crack cocaine.

I do not use crack cocaine nor am I an addict of crack cocaine. As for a video, I cannot comment on a video that I have never seen or does not exist.

It is most unfortunate, very unfortunate that my colleagues and the great people of this city have been exposed to the fact that I have been judged by the media without any evidence.

This past week has not been an easy one. It has taken a great toll on my family and my friends and the great people of Toronto.

(END VIDEO CLIP)

BALDWIN: Toronto Mayor Rob Ford today.

Back here in Oklahoma, you know, story after story after story continued to stun all of us covering this horrendous disaster, the faith, the survival, hundreds of emergency responders.

They raced in to help, of course, when that tornado hit this past Monday, EF-5 tornado. Among them, a team led by 2008 CNN Hero Tad Agoglia, armed with a lot of heavy equipment, and they headed straight to the Plaza Towers Elementary School.

(BEGIN VIDEOTAPE)

UNIDENTIFIED MALE: I've never seen anything like this.

TAD AGOGLIA, 2008 CNN HERO: Watching the news and literally seeing this tornado touch down right before our very eyes ...

UNIDENTIFIED MALE: Oh, my god!

AGOGLIA: ... we knew it was powerful.

UNIDENTIFIED MALE: There it is, a mile, right there on the H.E. Bailey.

AGOGLIA: My first response team was prepositioned and able to get here within two hours after the strike.

We saw massive destruction right off the bat.

We were able to get police escorts and we were brought right to the school. Search and rescue had just begun.

We had some equipment on-site that really was needed, cranes to lift up heavy debris, Cat machines with grapple buckets to move the debris out of the way.

We were digging through an area of the school where we thought there could be young children trapped.

Seeing the desks, pieces of paper that children had written on, it just stopped me in my tracks and it reminded me of why I do what I do every day.

My team has been to over 50 large-scale disasters, places like the earthquake in Haiti, Superstorm Sandy. This could be almost as bad as Joplin.

I'm not a scientist, but something is changing. The disasters are becoming more epic. ASHLEIGH BANFIELD, ANCHOR, "CNN NEWSROOM" (voice-over): This is CNN Breaking News ...

AGOGLIA: But thanks to the news, meteorologists, thanks to technology ...

CHAD MYERS, AMS METEOROLOGIST: You need to be in your tornado shelter immediately.

AGOGLIA: ... people are becoming more aware of how to prepare and get out of harm's way when the large-scale disasters strike.

We've come here to help, to be part of the community, but it's always vitally important for me and my team to remember every house had a family living in it. And they need a helping hand.

(END VIDEOTAPE)

BALDWIN: I know so many of you are asking, how can you help Tad and others, you know, who are clearly impacted by this disaster.

Tad's helping. You want to help. You can find out, also, about the other CNN Heroes working in Oklahoma right now. Go to CNNHeroes.com.

Coming up next, a Friday treat, you are about to see all the best videos of the day, including Morgan Freeman's cat nap, a woman's lottery surprise and a dramatic emergency landing in play, coming at you, next.

(COMMERCIAL BREAK)

BALDWIN: Before I let you go, we have compiled the best videos of the day, a segment we call "Hit Play."

(BEGIN VIDEO CLIP)

BALDWIN (voice-over): Oscar winner Morgan Freeman catching a few Zs in the middle of the interview.

The "Shawshank" star getting a little redemption today on Facebook, writing this, quote, "I wasn't actually sleeping. I'm a beta tester for 'Google Eyelids,' and I was merely taking the opportunity to update my Facebook page."

Volcanic eruption in Alaska, these images captured by a CNN iReporter. The 8,000-plus-foot volcano is spewing ash and steam causing troubles for some planes.

In Illinois, a woman walks into a convenience store, checks her lottery numbers, and, bam, dream come true.

UNIDENTIFIED FEMALE: There is no way. No way. There's no way.

BALDWIN (voice-over): You've heard Anthony Weiner is trying to make a comeback, running for mayor of New York City. Or so we thought. Check this out. That skyline in the background of his campaign website? Yeah, that's Pittsburgh. A web design company taking the blame. The skyline has since been replaced with images of Gotham.

And, finally, a plane makes an emergency landing at Heathrow, leaving a trail of smoke. A passenger shot this video of the engine outside his window. That's the engine.

Everyone is OK. The plane did land safely. British Airways, calling the incident a, quote, "technical fault."

And that is today's "Hit Play."

(END VIDEO CLIP)

BALDWIN: That's your "Hit Play," and I'm just about out of time. I'm Brooke Baldwin, live here in Moore, Oklahoma.

It's been quite a week for the good people of Moore and so many surrounding communities who were absolutely devastated this past Monday and, to be here and to tell their stories, it has truly been an honor.

I will never forget the likes of Jackie Sing and other folks we have interviewed, including this adorable little three-week-old baby whose name, appropriately, is Hope.

If you would like to see any of our interviews, just go to CNN.com/Brooke.

Thanks so much for watching. Jake Tapper takes it from here.