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Wall Street Responds On Heels Of Disappointing Inflation Report; CNN Poll: Economic Issues Top Concerns For Most Voters; Jury Reaches Verdict For Convicted Parkland Killer; NATO Defense Ministers Reaffirm Commitment To Support Ukraine; Jones Livestreams, Mocks Jury Judgment As Decision Read In Court; New Study Suggests Ways To Limit Head Injuries In Youth Football. Aired 9:30-10a ET
Aired October 13, 2022 - 09:30 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
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[09:32:58]
BIANNA GOLODRYGA, CNN ANCHOR: Well, this morning Wall Street is responding negatively after another concerning inflation report. The Dow opened just moments ago already down over 500 points nearly down 2 percent. CNN Business Correspondent Alison Kosik is following the market. So Alison, what will you be looking for today?
ALISON KOSIK, CNN BUSINESS CORRESPONDENT: Good morning, Bianna. I just want to tell you this was certainly a sharp U-turn for stocks before the market opened. We did see a triple-digit gain for the Dow, so now you're seeing it fall over 500 points. And this is after that inflation report looking at consumer prices kind of, you know, already telling us what we already know as consumers that we're paying more for everything from food to rent, to when we go and travel. We're paying more for all of those things.
We learned that on a monthly basis, overall consumer prices doubled more than expected. And then you strip out the volatile food and energy part of the equation. And you see inflation still moving higher there. So what this means and while you're seeing this reaction here on Wall Street is the concern that the Fed has really got its work cut out for it.
It's already raised interest rates many times already this year, five times this year, and still not making really a dent in the inflation problem. And the big concern that Wall Street has and that Main Street has as well is that the more aggressive that the Federal Reserve gets on hiking these rates, the likelier it is that the U.S. could enter a recession. Something that we've already heard warnings from JPMorgan's CEO Jamie Dimon and Bank of America as well, predicting a recession happening by early next year -- middle of next year, Bianna.
GOLODRYGA: Yes. The IMF warning of that as well.
KOSIK: Exactly.
GOLODRYGA: Alison Kosik, thank you. KOSIK: Yes.
GOLODRYGA: Well, with less than four weeks until election day -- this is going to be top of mind for voters -- CNN polling now suggesting that the economy is weighing heavily on the minds of voters across the nation really. This morning, we have more brand-new polling out that reveals more broadly about voters' mindsets ahead of the midterms.
CNN's Harry Enten is here to break down the numbers. So, Harry, what does the data say about where voters are right now?
[09:35:01]
HARRY ENTEN, CNN SENIOR DATA REPORTER: Yes. So, look, the generic ballot, choice for Congress. No clear leader. We have that nice and highlighted up there. If we look among registered voters, Democrats have a three-point advantage, again, well, within the margin of error. Likely voters, the same.
I think a lot of Democrats would welcome that in a midterm election, usually the party that is out of power has an advantage, unlikely voters relative to register voters, not the case here. But here's the thing about that three-point advantage if you're looking. And we put this sort of in historical context, right, looking at CNN polling from late September, early October, throughout the years, and we compare it to the eventual house result, the eventual house net -- house seeking.
And what we essentially see is that three-point advantage that Democrats have doesn't look like 2018, right, where Democrats had a 13-point advantage. Doesn't look like 2010 either with the GOP had an eight-point advantage. It looks a lot more like 2014. What happened in 2014, Republicans were able to pick up a net gain of 13 seats. And of course, Republicans this year only need a net gain of five in order to take back control.
So putting into historical context, I do think that this result generally points to Republicans taking control back of Congress.
GOLODRYGA: And what are you seeing in districts that are expected to be more competitive?
ENTEN: Yes. So, of course, look, this is going to come down to those competitive districts. So we can -- we took a big sub sample of likely voters in 50 competitive districts. And what we see in those districts, again, is no clear leader, but the leader, in fact, switches Republicans at 48 percent to Democrats 43 percent.
You look back at the 2020 presidential result in those exact same districts, you see that, in fact, Joe Biden won those districts by four points. So there seems to be a switcheroo there. The other thing I'll just note from our poll that I think is interesting, is this number going about turnout. Extremely enthusiastic about your midterm vote, now 28 percent, that is far closer to October of 2018, when it was 33 percent, not much like 2014 or 2010, when it was just 20 percent and 13 percent. And the key nugget about that, of course, is that in 2018, we saw record turnout for midterm. So I think we're probably going to have extremely high turnout again. This is an election which a lot of voters are really, really enthusiastic.
GOLODRYGA: Interesting. A lot more interest this time around. Harry Enten, thank you.
ENTEN: Thank you.
GOLODRYGA: Appreciate it.
Well, up next, children are being pulled from the rubble of Russia's latest missile strikes in Ukraine as President Zelenskyy pleads for more air defense systems. We'll have a live report from the ground up next.
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[09:41:59]
GOLODRYGA: And this just in to CNN, a jury has reached a verdict for the convicted killer in the Parkland School massacre. Nikolas Cruz pleaded guilty to 17 counts of murder and 17 counts of attempted murder for the 2018 mass shooting. The jury will decide whether to sentence the Parkland School shooter to death or life in prison without the possibility of parole. We will bring you that verdict live when it happens.
Turning overseas now, and the U.S. State Department has confirmed that another American has died in Ukraine. State Department spokesperson says the unidentified U.S. citizen died in the Donbas region. The manner of death is now unclear. CNN is working to confirm the person's identity.
Now this comes as NATO leaders reiterate their pledge to stand by Ukraine amid a fourth day now of Russian strikes across the country. CNN's Fred Pleitgen joins us now from Kyiv. So Fred, how are things looking on the ground now?
FREDERIK PLEITGEN, CNN SENIOR INTERNATIONAL CORRESPONDENT: Yes, well, you're absolutely right. First of all, those strikes are continuing and the Ukrainians, Bianna, also say that they are continuing. What we had overnight is some pretty massive strikes in a town called Mykolaiv, which is in the south of the country, especially those southern towns have been getting hit a lot, those that are close to the front lines there.
And, you know, the thing about those strikes in Mykolaiv is that the Ukrainian say that the Russians used S-300 missiles for those strikes. Those are missiles that are normally shot at planes. However, if you shoot them at ground targets, they become very inaccurate, which of course, is a recipe for mayhem if you're talking about shooting those in populated areas. And apparently that's exactly what happened overnight. The Ukrainians are saying eight of those were shot at Mykolaiv. Several people are still missing, two people are confirmed dead. The authorities did manage to pull one child from the rubble there who survived but definitely a devastating scene. We can see some of it on our screens there.
Now the local governor saying that one building the top floors of that were just absolutely leveled by the strike. And then here in the Kyiv region, we've had a lot of air raid alarms as well. In the Kyiv region, the local authority say that two places were stuck with -- struck with kamikaze drones. One is Bucha, the District of Bucha, which of course has become so prominent after it was taken back by the Ukrainians in April.
And then also an area called Makariv, where a drone hit some sort of infrastructure facility. So this continues to be a big problem. And Volodymyr Zelenskyy, the President of this country earlier today had a video call with European politicians, where he reiterated how badly the Ukrainians need those modern anti-aircraft system, the Western ones. They say right now -- or he says right now, the Ukrainians have only about 10 percent of the air defenses that they actually require.
GOLODRYGA: They tried to knock down as many of those missiles perhaps even half of them over the past four days. Still, the barrage continues. Fred Pleitgen, thank you.
Well, a historic verdict. A jury award Sandy Hook family members nearly $1 billion in damages. But will the victims see even a dime of Alex Jones' money? That's up next.
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[09:49:29]
GOLODRYGA: New this morning, an attorney representing the Sandy Hook families says they will make Jones pay every last dollar that he has, after a jury awarded the plaintiffs nearly $1 billion in damages. The amount not only squeezes Jones himself financially but also puts his Media Group, Infowars, at risk. Relatives of Sandy Hook victims reacted to the verdict in an exclusive interview with Anderson Cooper.
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NICOLE HOCKLEY, MOTHER OF SANDY HOOK VICTIM DYLAN: I really did this for my surviving son, Jake. He's been through so much pain already. And he's 18 now and I want him to live in a future where he won't be harassed, where people won't come up him and say, oh, you were part of that Sandy Hook hoax. I want him to believe in the good of people and the power of humanity.
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[09:50:21]
GOLODRYGA: These Families went through the unimaginable. CNN's Jean Casarez joins me with more. So Jean, Jones says that he doesn't have the money and he's not holding back continuing to talk about these families.
JEAN CASAREZ, CNN CORRESPONDENT: And he has said the trial is a fake and a fraud and the judge is a tyrant. But I want you to visualize this because yesterday as the verdict was being read and there are cameras in the courtroom, at the very same time, he has his radio show, which is videotaped, simulcasting the verdict. I want you to listen what his comments were at that moment.
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ALEX JONES, DEFENDANT: 57 million, 20 million, 50 million, 80 million, 100 million, blah, blah, blah. You get 1 million, you get 100 million, you got a 50 million. Do these people actually get any money?
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CASAREZ: Now, what is interesting is he has filed for bankruptcy. So he is in the middle of the bankruptcy proceeding. And I found a transcript from a bankruptcy hearing in August that was had and the accountant for his firm. His business testified and he was questioned on $64 million that was transferred out of his account. The response was it was done over 14 years and half of it went to the IRS.
The accountant testified that his assets were $10 to $50 million, but his liabilities $50,000 to $100,000 -- $100 million. But here's what's fascinating, Alex Jones has a personal American Express card with his company, every month $300,000 in personal expenses, and the judge in August refused to have the outstanding amount paid on that card at that time. Bianna?
GOLODRYGA: Just unbelievable, and to hear his response in the moment there. So, callously reacting and fundraising off of this verdict --
CASAREZ: Right.
GOLODRYGA: -- and these families' pain. Jean, thank you.
CASAREZ: Thank you.
GOLODRYGA: Up next, a new study says it's found one of the best ways to reduce head injuries and football before kids even make it to the NFL. And get this, that change has nothing to do with what happens on game day. We'll explain up next.
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[09:56:35]
GOLODRYGA: A new study shows how high school football coaches can protect their players from brain injury. Protecting against such impact has of course become a big focus for the NFL. The league agreed to updated concussion protocol after the Miami Dolphins quarterback suffered an apparent head injury and was later allowed to reenter the game.
CNN Chief Medical Correspondent Dr. Sanjay Gupta is here to explain. Sanjay, a lot of parents really fascinated with this study and watching closely. Walk us through what this research shows.
DR. SANJAY GUPTA, CNN CHIEF MEDICAL CORRESPONDENT: Yes, it was some of the best data I think that we've seen. They basically follow three high school football teams for a season trying to dissect out, you know, how often are these head impacts occurring, where are they occurring? They had 74 players, they have these mouthguard sensors, Bianna, to measure these impacts. And they basically just sort of dissected the season.
And what they found was that there's all sorts of different drills, for example, that happened during practice, something that jumped out right away as a lot of these head impacts are happening in practice, as opposed to on game day. They can happen both places, but a lot of focus has been on concussions during game day.
What about head impacts all the rest of the time? Here the different types of drills, for example, people will go through when they're practicing. And then they looked at these different drills and said, OK, what's the likelihood of a head impact in these various drills? And they found that certain drills that were far more likely to actually create head impacts than other drills.
And in fact, when you broke it down even further, you found, for example, one particular type of drill called the thud drill. Even if you did a fraction of the hours of other drills, you got far more head impacts. So this was good data, I think, for coaches and others to have in terms of how to limit these head impacts.
One thing that really jumped out at me, Bianna, was, again, 74 players over the season, about 7,300 head impacts that were measured, objective measured, and that, you know, it's close to 100 per player in these high school football players.
GOLODRYGA: Yes. We focus a lot on quarterbacks, but did these results differ for different positions?
GUPTA: Yes, it was interesting. And this may not surprise you that much, but linemen were the most likely to have these sorts of head impact, people who are lining up and actually having a initial head impact. After that it was tightens and then running backs, quarterbacks were sort of further down the list. And the least likely, at least according to this particular study were receivers.
So again, this is data. On average, 100 impacts per player, but again, some far more than others, depending on the position.
GOLODRYGA: So take us to this bigger issue as a whole and why this idea of reducing the cumulative impacts on the brain is important overall and making the sport safer.
GUPTA: Yes, I mean, this is, I think, the most important point. First of all, this is a popular sport at the high school level, close to 1.5 high school football players. So just keep that in the back of mind. Even small percentages are going to lead to significant numbers of these head impacts. But I think what we've learned more than anything else is that while we pay attention to concussions, and we should, these sub-concussive hits can accumulate over time. The more sub-concussive hits you have, the more likely you are to have longer term problems and the more likely you are to actually develop a concussion. So your brain can sort of get set up for a concussion.
So, you know, if you're trying to minimize head impacts, focusing on practices and focusing on specific drills, this is data that I think is, you know, emerging data that people can now use to try and make this a safer game. It's tough to make it safe. It's --
GOLODRYGA: Yes.
GUPTA: -- it can be a violent sport, as we've talked about over the past couple of weeks. But this could at least help especially in some of the younger players.
GOLODRYGA: Yes, the safer you can make it as early as possible, the better overall for players.
GUPTA: That's right.
GOLODRYGA: That's for sure. Dr. Sanjay Gupta, always great to have your analysis on. We appreciate it.
GUPTA: Thanks, Bianna.
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