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Australian Election Dominated by Cost of Living; Trump "OK" with Short Recession; India Holds Military Exercises, Pakistan on Alert; Royal Family Rift between Charles and Harry; Papal Conclave Begins May 7. Aired 3-3:45a ET
Aired May 03, 2025 - 03:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
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POLO SANDOVAL, CNN ANCHOR AND NATIONAL CORRESPONDENT (voice-over): Hello and welcome to all of our viewers watching around the world and streaming us on CNN. Max, I'm Polo Sandoval in New York City.
And ahead here on CNN NEWSROOM, Australians, they are going to the polls right now in the national election. We're going to be taking a closer look at what matters the most for voters.
And the U.S. economy, adding more than 170,000 jobs. And that's better than expected. But many economists say and warn that Donald Trump's trade war could still trigger a recession in the U.S.
And a family rift of royal proportions will dive into a complicated relationship between Prince Harry and his father, the king.
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SANDOVAL: Australian voters, they still have a little time left to cast their ballots in a national election that's been dominated by cost of living concerns and the U.S. president's tariff chaos. Polls in eastern Australia, they close within an hour. People also in the West, they still have three more hours of voting to go.
Some live pictures in Sydney where it's a little bit past 5 pm And check this out. Nearly half of Australia's 18 million voters have already made their choices even before this weekend.
Current prime minister Anthony Albanese of the Labor Party and Peter Dutton of the center right Liberal Party, they are the main contenders to be Australia's next prime minister. Here's Mr. Albanese actually voting not too long ago in Sydney. You see him casting his vote there.
And also it's pretty clear that U.S. president Donald Trump is looming over Australia's election. Here's Mike Valerio with why.
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MIKE VALERIO, CNN CORRESPONDENT (voice-over): In Australia, the cost of living and housing prices are big drivers in the country's national election but experts say so too are the trade policies of U.S. president Donald Trump.
Highly contentious issues that will likely fall to incumbent Prime Minister Anthony Albanese and his labor party or main challenger conservative
leader Peter Dutton from the Liberal Party but political analysts say reaction to Trump's global tariffs could tip the election.
ANTHONY ALBANESE, AUSTRALIAN PRIME MINISTER: Make sure you know where the destination is, because it is destination chaos and destination shambles
and destination cuts from Peter Dutton.
PETER DUTTON, LIBERAL PARTY LEADER: I don't know Donald Trump is my point. My point is that who I trust is the Australian people. My job is to stand
up for our country's interests.
VALERIO (voice-over): Dutton has said he wants to cut migration, overhaul so called woke agendas in his campaign to, "Get Australia back on track."
But he's trying to distance himself from comparisons to Trump, especially after the recent elections in Canada, where the conservative opposition
lost after he was favored to win. The defeat fueled by a backlash over Trump's policies and his comments on making Canada the 51st U.S. state.
But besides Trump's tariffs, there is another wild card in this election. For the first time, millennials and Gen Z voters outnumber the baby boomer
block, making up 43 percent of the electorate. Many are first time voters and what they care about could sway the results.
UNIDENTIFIED FEMALE: I think the Labor Party have done nothing for ordinary people since they've been elected. I think Peter Dutton would be worse.
UNIDENTIFIED MALE: Rising nationalism is my biggest concern right now because of the dangerous rhetoric that it contains.
UNIDENTIFIED FEMALE: To be honest, the political state of America is sort of -- it's heavily impacting the way that I'm viewing the current election,
just in the sense of trying to avoid the situation that's happening over there.
VALERIO (voice-over): China was one of the biggest international concerns in the last Australian election. Now Australians are worried about
uncertainty in the global economy.
So while the U.S. president is not on the ballot Saturday, many Australians will be thinking of him as they cast their votes. Mike Valerio,
CNN.
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SANDOVAL: Let's stay on the topic of these critical elections in Australia. In fact, in the last hour, I spoke with Ben Oquist with DPG Advisory Solutions. I asked him what voters in Australia are looking for in their next leader and why the rest of us should be paying very close attention to this.
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BEN OQUIST, CLIMATE AND ESG DIRECTOR, DPG ADVISORY SOLUTIONS: It's an interesting election for a number of reasons. Cost of living concerns have dominated the election campaign and they're top of mind for a lot of voters with inflation hitting those post-pandemic highs.
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And the associated rise in interest rates have left a lot of people reeling. But what's interesting about this election is that that global phenomenon of high inflation, high interest rates, that has really led to an incumbency curse, where you've seen governments tossed out all around the world.
It's been a bad time to be an incumbent. There's a big possibility this election, that that has actually flipped in the wake of Donald Trump's tariff decision and the threat of global recession. A lot of voters are fleeing back to incumbents and, in this case, a center left party and away from any party that's had anything to do with Donald Trump.
And if all goes well for the governing Labor Party, that incumbency curse, it's going to be flipped and that that move to the center right in global politics that we've seen with Trump. Maybe Australia will follow Canada's lead and be a bulwark against that.
SANDOVAL: And I do want to mention U.S. president Donald Trump again in just a moment. But first, let's talk some of that polling that suggests that this is certainly going to be a tight race or likely going to be a potentially, I should say, going to be a tight race.
But you've also said that the conservative Liberal Party here counts on some momentum. I wonder if you could just elaborate for us.
OQUIST: Well, three months ago, the Conservative Party really was trending well in the polls. It had risen those cost of living concerns with the electorate who were suffering; real wages had fallen, interest rates had risen. Inflation was at record levels. And the Conservative Party's really had a lot of momentum with them.
And three months ago or even less, it looked like they were heading to a victory potentially. But in a really stunning poll around, poll turnaround, everything has gone the government's way over the last two months.
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SANDOVAL: And, of course, Donald Trump, we can't forget, had a significant impact on elections in another country recently, Canada. And the prime minister there, Mr. Mark Carney, will be traveling to Washington, D.C., to meet with the U.S. president in the coming week.
He's signaling that there will be no tolerance for talk of Canada becoming the 51st state. Here's CNN's Paula Newton with a preview of that meeting from Ottawa.
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PAULA NEWTON, CNN ANCHOR AND CORRESPONDENT: Prime minister Mark Carney, inside of a week of becoming prime minister, will be in Washington, D.C. And he will stare down some of the threats coming from the U.S. president.
He really laid two things out here. One is expectations.
He said, in fact, look, do not expect white smoke like a conclave here. We are not expecting any big moves on the tariffs. What we are expecting is a tough negotiation and difficult conversations.
What he also did, though, was pretty much throw up some sun, if you will, the president's way saying, look, you are a tough negotiator and, in so doing, also lay the table for some better perhaps and more comfortable conversations, even if they are tough.
Listen.
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MARK CARNEY, CANADIAN PRIME MINISTER: As others who are good negotiators and he's one of the best negotiators, they respect strength. That's why we're building Canada strong. There's lots of reasons to build Canada strong.
But the point is and I will make this point repeatedly, we have more than enough to do here at home. That point about we can give ourselves more than the Americans can take away is absolutely right.
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NEWTON: Now a reminder here that this prime minister was elected after some fairly strident and harsh comeback to Donald Trump after he insinuated that Canada should be a 51st state.
In terms of a flex on that move, the other surprise from Mark Carney is that King Charles will be delivering the throne speech here in the last week of May. He made it very clear that this is a symbol of Canada's independence and sovereignty.
And the governor general of Canada, the woman who represents the king here, Mary Simon, wrote in her release on this, that the historic honor matches the weight of our times.
And again, in so doing, Mark Carney making it very clear that he will not tolerate any discussion of Canada being a 51st state -- Paula Newton, CNN, Ottawa.
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SANDOVAL: And as the U.S. wages its international trade war, its economy just had a good run. Stocks ended the week higher and the latest jobs report was surprisingly strong. Of course, this after some turmoil caused by Trump and his tariffs.
But fears, they still linger that U.S. president Donald Trump's trade war could put it all into sharp reverse.
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And if it does lead to a short recession, the president says he's OK with that.
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TRUMP: There are many people on Wall Street say this is going to be the greatest windfall ever happened.
KRISTIN WELKER, NBC NEWS HOST: And that's my question, the long-term. Is it OK in the short-term to have a recession?
TRUMP: Remember this, look, yes, everything's OK. What we are -- I said this is a transition period. I think we're going to do fantastically.
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SANDOVAL: All right, let's talk job numbers in the U.S. After president Trump's comments, we did learn from Friday's jobs report that there was -- that the U.S. economy added roughly 177,000 of them in April, slightly down from March.
But still, that was more than expected. Wall Street also closed higher on Friday. All the major averages here gaining more than 1 percent. And the S&P 500 is on a record winning streak again. This, after some uncertainty, of course.
Now it has regained all its losses since president Trump's tariff announcement at the beginning of April. So good for markets. But many Americans have yet to feel the full impact of the president's tariff war. CNN's Richard Quest has more on the mixed economic future.
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RICHARD QUEST, CNN HOST: When taken at face value, the jobs numbers were pretty good news for the U.S. economy. More jobs were created; the level of unemployment was steady and, all in all, one could say things are full steam ahead.
Except the jobs number, a bit like the GDP number that we saw earlier in the week, classed as rear view mirror data. It shows what has happened in the economy rather than where we're going.
And so far, if you look to the future, the data there is not nearly so encouraging. Yes, there are talks that tariffs are being negotiated with countries like South Korea and India. There are possibility of talks about talks about talks with China.
But so far no deals have actually been announced. And the reality is that, on tariffs, a major exemption was removed, the so-called de minimis exemption, goods coming from China worth under $800. They now have to have paperwork, they have to have tariffs.
And since there are more than a billion of them a year, it's going to be a headache for everyone concerned. And yes, all the other tariffs are still in force, 145 percent for China steel, aluminum autos, 2,025 percent here and there, 10 percent general tariff.
So as we look forward to the data, we can start to expect to see the results of the tariffs, the results of the slowdown and then the jigsaw will be complete -- Richard Quest, CNN New York.
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SANDOVAL: And still ahead, an all-out diplomatic push for restraint and calm. This as tensions simmer between India and Pakistan. CNN report from the region is coming up next.
Also, the latest Russian strikes leaving dozens of people injured in Ukraine. We will have some of the sobering remarks from President Zelenskyy after the break.
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SANDOVAL: India held military training exercises in its northern state of Uttar Pradesh on Friday. Tensions with neighboring Pakistan, they are very high after last week's deadly attack by gunmen that killed at least 26 civilians.
A number of countries are currently engaged in high-level diplomatic efforts to try to de-escalate those tensions. CNN's Nic Robertson is in Islamabad with the latest.
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NIC ROBERTSON, CNN INTERNATIONAL DIPLOMATIC EDITOR: There's no doubt that Pakistani officials, at the moment and I was sitting down with a senior
Pakistani official earlier in the day. Still feel that tensions with India are very high. Still feel that there is a real potential for India to
strike. And part of their belief in that is they think, Pakistani officials think, that India was on the verge of perpetrating a cross- border fighter
jet attack into the Pakistan's controlled side of Kashmir early Wednesday morning. They say four fighter jets were flying to the border then diverted
off and went to a base back inside of India.
Now Pakistani officials are assessing that as from their view and their understanding that India wants to have an attack and that's why they
believe an attack is still coming. There has been, however and I think it's quite noticeable to sort of -- even sort of join the dots here that
this alleged attempt that Pakistan says happened early Wednesday morning.
Later on, Wednesday, we saw a really ratcheting up of the U.S. and other diplomatic involvement going much more public than it had been behind the
scenes. Yes, U.S. secretary of State Marco Rubio speaking with the Pakistani Prime Minister, his Indian counterpart. Pete Hegseth, the U.S.
Defense Secretary on Thursday speaking to his counterpart in India. And then J.D. Vance overnight Thursday, end of Friday, speaking about how the
United States really wants to see both countries work together to avoid an escalation.
J.D. VANCE, U.S. VICE PRESIDENT: Our hope here is that India responds to this terrorist attack in a way that doesn't lead to a broader regional
conflict. And we hope, frankly, that Pakistan, to the extent that they're responsible, cooperates with India to make sure that the terrorists
sometimes operating in their territory are hunted down and dealt with. That's how we hope this unfolds. We're obviously in close contact. We'll
see what happens.
ROBERTSON: Striking as well that on Friday, both the UAE, the Saudi, the Kuwaiti ambassadors all went in to meet with the foreign minister here in
Islamabad. A very similar message from all of them about wanting to contribute to a de-escalation in the situation, a calming of the situation.
So there's a full court diplomatic press on.
But here's the kicker here, Pakistani officials say if India does go ahead and strike Pakistan without question, Pakistan will retaliate.
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How India strikes in the first place?
What happens after Pakistan retaliates?
All of that is the big uncertainty. That's why the diplomacy right now is at such high stakes.
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SANDOVAL: Nic Robertson in Islamabad for us.
Ukrainian authorities say that Russia launched a massive drone attack in Kharkiv in the northeast. It sparked fires in homes, apartments, buildings and also warehouses across four districts of the city on Friday. The attack reportedly left at least 47 people wounded, including an 11-year-old child.
Ukrainian president Volodymyr Zelenskyy urging his allies to stand up against Russia, saying, quote, "Almost every night in Ukraine turns into a nightmare that costs lives."
Britain's Prince Harry says that he hopes to make amends with members of the royal family. Why he's calling on his father, the king, for a reconciliation.
Also after the break, a royal historian will weigh on this.
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SANDOVAL: And welcome back to CNN NEWSROOM. I'm Polo Sandoval in New York. Let's check in on today's top stories.
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SANDOVAL (voice-over): Voters in Australia, they continue casting ballots in their national elections today. The main contenders they are current prime minister Anthony Albanese of the Labor Party and Peter Dutton of the center right Liberal Party. Nearly half of the country's 18 million eligible voters cast their ballots in early polls. U.S. President Donald Trump is trying to offer reassurances as his
trade war feeds recession fears.
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He says the economy will be, quote, "OK" in the long term, even if there is a short-term recession. Donald Trump's remarks coming amid a surprisingly strong jobs report for April.
And India held military trainer -- training exercises in northern Uttar Pradesh state on Friday as tensions remain high with neighboring Pakistan. Officials in Pakistan say that they think India is likely to strike in Pakistan-controlled Kashmir in the coming days.
Both countries are on edge after a deadly attack on civilians last week, in part of Kashmir, controlled by India. Diplomats from a number of number of countries are urging calm.
Britain's prime -- Britain's Prince Harry, he is revealing details about his estranged relationship with his father. King Charles, the Duke of Sussex, saying that the king stopped speaking to him because of his legal battle to restore security for him, his wife and his children when they visit the U.K.
Well, now Prince Harry says that he hopes to reconcile with his father. CNN's Max Foster reports from London.
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PRINCE HARRY, DUKE OF SUSSEX: I would love reconciliation with my family.
MAX FOSTER, CNN ROYAL CORRESPONDENT (voice-over): Prince Harry revealing he no longer speaks to his father, King Charles, in an explosive BBC interview.
PRINCE HARRY: You know, there's no point in continuing to fight anymore. As I said, life is precious. I don't know how much longer my father has. He won't speak to me because of this security stuff. But it would be nice to reconcile.
FOSTER (voice-over): The Duke of Sussex spoke to the BBC after losing a court case over his security arrangements when he and his family visit the United Kingdom. Harry saying Friday's ruling makes it impossible for his family to return to the U.K.
PRINCE HARRY: Obviously, pretty gutted about the decision. We thought it was going to go our way. I can't see a world in which I would be bringing my wife and children back to the U.K. at this point.
FOSTER (voice-over): The British government downgraded Prince Harry's security in 2020 after he and Meghan stepped down as working royals and moved to California, where they're raising their children, Prince Archie and Princess Lilibet.
PRINCE HARRY: When that decision happened, I couldn't believe it. The one thing that I could rely on is my family keeping me safe.
FOSTER (voice-over): A palace spokesperson issued a statement about the court's ruling, telling CNN issues raised by Harry in the interview were "examined repeatedly and meticulously by the courts, with the same conclusion reached on each occasion."
The Duke of Sussex also talked about the years-long rift with the royal family. He said the publication of his book, "Spare," in 2023 ripped open old wounds after he shared scathing and intimate details about his experience as a royal.
PRINCE HARRY: , of course, some members of my family will never forgive me for writing a book., of course, they will never forgive me for lots of things.
FOSTER (voice-over): But losing this case, Harry said, is a sticking point.
PRINCE HARRY: The only thing that I've been asking for throughout this whole process is safety. I love my country. I always have done, despite what some people in that country have done.
FOSTER (voice-over): Max Foster, CNN, London.
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SANDOVAL: All right. So let's go live now to London with CNN's royal historian, Kate Williams.
Kate, thank you so much for giving us so much perspective already for the last couple of days on this. It is just an extraordinary time.
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SANDOVAL: Good morning.
How significant is this moment?
Offer some perspective here. For Prince Harry to make a very public, very direct call, not just to his family but specifically to his father, the king.
And then are the king's hands essentially tied in all of this?
Can he do anything?
Would he want to do anything?
KATE WILLIAMS, CNN ROYAL HISTORIAN: Yes, Polo.
I mean, this is a very significant moment in terms of how historians are going to write about Prince Harry, because Prince Harry here is making a direct public intervention. Now the royals, often through history, have used television to speak directly to the public.
And we see the example when Princess Diana's, on the eve of Princess Diana's funeral, Elizabeth II gave a direct address to the public about her respect for Diana. And it really worked on public opinion.
And here Prince Harry is speaking out exactly directly after losing the court case here in the U.K., the court case about having police protection for his family, which, as you were, as you were showing in that clip that you just showed, he feels is absolutely he needs it if he comes to this country. So he's speaking out very clearly.
And I think really making these very, very clear, I mean, you know, really quite shocking things he's saying, saying my family aren't speaking. My family won't forgive me over the book, some members of my family.
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My father isn't speaking to me. He said my father doesn't have very long left. He said, I don't know how long my father has left.
And so here we have a situation where Harry is, I think, really kind of, you know, speaking directly to the people. And this really, you know, now I think it is all about what Charles does. The ball is in Charles' court.
What will Charles do?
Will Charles say that perhaps Harry could come and have a meeting and meet him or will he not?
I mean, this is -- I think all eyes are going to be on Charles and what the royal family now does.
SANDOVAL: And I'm glad you mentioned one of the things that he said in that extraordinary interview, which is about his father, about -- he said that he wouldn't have much longer.
What should we actually glean from that, do you think?
WILLIAMS: Well, I mean, I think that we -- I think Charles is looking in great health. He's been out and about, doing engagements. He's off on a royal tour quite soon. We have in the week coming, Monday particularly, we have the celebrations, commemorations of the end of the war, World War II in Europe.
So Charles will be there. He'll be there with presiding over the procession, so expecting to see him on Monday in great health. And Charles is looking really good.
But, of course, you know, none of us know how long we have left. Charles is moving toward 80. He's had cancer, so I don't think there's any immediate need to think anything serious about this.
But certainly I think what Harry is saying is, our relationship is fractured. It's difficult. We don't really speak and I want to fix that.
So when Harry heard that Charles had cancer last year, he rushed back. There was a 45-minute meeting. But we understand from royal sources this year, when Charles went into hospital briefly again, we understand that Harry wasn't told and royal sources said that was because they didn't want too much drama.
So I think Harry felt very much out of the loop. He felt my father's going into hospital and I don't know and he wants really to have this close relationship.
When we look at the interview and we think, what is Harry's aim?
I think very clearly he wants to meet his father. I think he wants to meet his family. I think he wants to be really closer to the family fold. He's never going to be back in the royal family again. He has left. But I think he wants to be closer to the family fold.
And this interview, I think, will have the royals thinking, what is the answer now?
Do we get closer to Harry or not?
SANDOVAL: I felt almost a high degree of vulnerability for the prince in putting himself out there and leaving it up to his father.
Now when it comes to this reconciliation that he would like, just how likely would you say that that actually is?
WILLIAMS: Well, Charles and Harry have always had a very good relationship. They've been very close. Charles, we know he's very -- he's actually said to -- Harry quoted him in his book, "Spare" in 2023, saying he didn't want his sons to fight. He wanted to enjoy his, you know, his older years.
I think Charles does have that feeling. He's very fond of Harry. He wants to have a -- he wants to have a close relationship in his older years. But then we have this difficulty that Harry says he can't come to Britain, he can't bring his children, Charles' grandchildren. He can't bring Meghan. He doesn't feel it's safe.
And also in the sense that, you know, as Harry says, some members of the royal family are still very angry with him. They won't forgive him about "Spare."
So I actually, I do think that there is a reconciliation on the cards but it's going to be perhaps some time coming. And I think we're going to see, as a consequence of this interview, some back streets and backs in the -- in the sort of behind-the-scenes discussions between the royal household and Harry's people.
Certainly because, under it all, Harry has lost his mother but he wants to have a relationship with his father. And Charles and Harry are father and son.
SANDOVAL: Rarely, if anything, is announced from Buckingham Palace without those back channel conversations. Kate, so thank you so much for offering a preview and really the insight of all the mechanics here at play. Have a wonderful day, Kate. Thank you.
WILLIAMS: Thank you.
SANDOVAL: British comedian and actor Russell Brand is out on bail following a preliminary appearance on sexual assault charges. London police charged the 49-year old last month with rape, oral rape and indecent assaults, as well as two counts of sexual assault involving four women.
Police say the alleged incidents happened between 1999 and 2005. Brand has consistently denied all allegations of any non-consensual sex. After he was charged last month, he said that he had been a full and what he described as a sex addict in his younger days but that he was never a rapist, he said.
Brand is scheduled to appear next in London's Old Bailey court on May the 30th.
Well as papal conclave assemble in Vatican City, there is a new chimney atop the Sistine Chapel. Coming up, why Catholics will be watching it very closely in the week ahead.
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SANDOVAL: Right now, cardinals are gathering at the Vatican to prepare for next week's papal conclave to choose a successor to Pope Francis. CNN's Rafael Romo explains why all eyes will now be on the roof of the Sistine Chapel.
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RAFAEL ROMO, CNN HOST AND U.S. CORRESPONDENT: It's yet another sign that preparations to choose a new pope are well underway here at the Vatican.
On Friday morning, the Corpo dei Vigili del Fuoco, the Vatican fire brigade, began to put up the chimney stack on the roof of the Sistine Chapel that will be used to announce the election of a new pope.
The conclave to choose Pope Francis' successor will begin next Wednesday, May 7th. The Vatican also announced earlier this week that, since voting will begin in the afternoon of the first day of the conclave, there will only be one round of voting on Wednesday.
On subsequent days, the Holy See said in a statement, two ballots are held in the morning and two in the afternoon. In keeping with tradition, after the votes are counted, all ballots are burned.
And here's where the chimney takes a prominent role, because, during the conclave, if a ballot is inconclusive, black smoke will come out. If a pope is selected, white smoke will billow out of the chimney, signaling to the world that the Roman Catholic Church has a new leader.
How long will it take to choose a new pope?
Well, if history is any indication, it will be decided in a matter of days. All conclaves that took place in the 20th and 21st centuries concluded within a week of the cardinals gathering. That was certainly the case during the last two conclaves.
It took only two days to choose Benedict XVI and Francis. The longest conclave on record lasted almost three years, from November 1268 to September 1271.
And while we don't know yet who the new pope will be, nor the name he will choose, John has historically been the most common papal name; 21 popes have chosen that name throughout the history of the Roman Catholic Church -- Rafael Romo, CNN, Rome.
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SANDOVAL: The eyes of the world will be fixed on that chimney.
So two of New York's top auction houses, Christie's and Sotheby's, they will be featuring the icons of the 20th and 21st century art in their spring sales this month. Want to show you a Pablo Picasso painting inspired by the Three Musketeers.
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SANDOVAL (voice-over): It's estimated to be worth a whopping $18 million.
But this sculpture by Alberto Giacometti of his younger brother, Diego, could be the big prize. It's expected to fetch up to $70 million.
The spring sales at Christie's and Sotheby's kick off the week of May 12th.
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SANDOVAL: My birthday is on May. So in May, that's a good birthday present.
Thank you for joining us. I'm Polo Sandoval in New York. I will see you right back here again tomorrow. Up next is "WORLD SPORT" and CNN NEWSROOM continues with my colleague, Kim Brunhuber, in only 15 minutes. We hope you join him. Then.
