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White House Says Florida Measure Targets Most Vulnerable Kids; Sneak Peek Of 2022 Super Bowl Commercials; China Comes Up $213 Billion Short On 2020 Agreement. Aired 5:30-6a ET

Aired February 09, 2022 - 05:30   ET

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


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[05:34:20]

LAURA JARRETT, CNN ANCHOR: The White House condemning Florida Republicans for advancing what's known as the 'Don't Say Gay' bill. If signed into law the measure would ban discussions of gender and sexuality in the state's classrooms. The Biden administration says the legislation would target some of the kids who need support the most.

CNN's Steve Contorno is live for us in St. Petersburg, Florida with more on this. Steve, good morning. How likely is it that this bill is actually going to get passed?

STEVE CONTORNO, CNN REPORTER: Laura, this bill has been gaining momentum for weeks and now has passed a committee in both the House and the Senate here, which is really what, at this point, prompted the White House to weigh in on this for the first time.

[05:35:04]

Yesterday, the Biden administration putting out a statement that says, quote, "Every parent hopes that our leaders will ensure their children's safety, protection, and freedom. Today, conservative politicians in Florida rejected those basic values by advancing legislation that is designed to target and attack the kids who need support the most."

Biden followed up with a tweet later in the evening vowing to "fight for the protections and safety you deserve" -- a message that he sent to LGBTQ+ kids.

This comes after Gov. DeSantis weighed in on the bill for the first time this week voicing support for many of the provisions in the legislation, saying it was, quote, "entirely inappropriate" for parents to -- or for teachers in schools to be having conversations with kids about gender identity.

Now, Gov. DeSantis did not come out and say yet if he would sign the bill but, Laura, it's moving quickly through the legislature and he may have to decide soon.

JARRETT: All right, Steve, thank you for your reporting. We know you will stay on top of it.

CHRISTINE ROMANS, CNN ANCHOR: All right, you don't have to wait for game day to see this year's Super Bowl ads, right? Some of them are out right now. I've been seeing them on my Instagram feed. I mean, I've seen Colin Jost and --

JARRETT: Scarlett Johansson.

ROMANS: -- Scarlett Johansson --

JARRETT: Yes.

ROMANS: -- over and over again.

CNN's Chloe Melas joins us with the stars making cameos in commercials this year. And Chloe, Lindsay Lohan showing a sense of humor about her past troubles.

CHLOE MELAS, CNN ENTERTAINMENT REPORTER (via Webex by Cisco): Yes. Good morning, you guys.

Well, she stars in Planet Fitness' first-ever Super Bowl commercial. And, you know, these commercials -- very expensive to even get a 30- second spot during the Super Bowl. And it's all about new year-new Lindsay and what's gotten into Lindsay. Take a look.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: People are wondering --

PLANET FITNESS CLASS: What's gotten into Lindsay?

UNIDENTIFIED MALE: She's never been sharper.

UNIDENTIFIED MALE: This basketball star married himself in 1996.

LINDSAY LOHAN, ACTRESS: Who is Dennis Rodman?

UNIDENTIFIED MALE: Correct.

DENNIS RODMAN, FORMER PROFESSIONAL BASKETBALL PLAYER: Son of a --

UNIDENTIFIED MALE: She's sleeping better than ever --

LOHAN: (Snoring).

UNIDENTIFIED MALE: -- which the paparazzi aren't thrilled about.

UNIDENTIFIED MALE: I miss Lindsay.

UNIDENTIFIED MALE: She's even more productive, trading DUIs for DIY.

LOHAN: The verdict is --

DANNY TREJO, ACTOR: Gorgeous.

WILLIAM SHATNER, ACTOR: Maybe it's not what's gotten into Lindsay; it's what Lindsay's gotten into.

LOHAN: Hey, William.

UNIDENTIFIED MALE: Planet Fitness -- get flowing and feel fit-acular.

(END VIDEO CLIP)

JARRETT: I say good for her.

ROMANS: With the William Shatner cameo and the Lindsay Lohan cameo, right?

MELAS: I loved (INAUDIBLE). And she's like bedazzling the ankle monitor.

I mean, she's making a comeback with her career. She's newly engaged. She's back to acting. So I think that she is perfect for this spot.

JARRETT: So, Chloe, Pete Davidson from "SNL" also poking some fun at himself?

MELAS: Yes, and Jerod Mayo stars also -- the NFL -- former NFL star -- in this commercial for Hellmann's. It's about not wasting food. And even Pete Davidson's mom, Amy, makes an appearance. It's so good.

(BEGIN VIDEO CLIP)

JEROD MAYO, FORMER NFL STAR: Whoa, whoa, whoa.

PETE DAVIDSON, COMEDIAN AND ACTOR: Mom's already tackling food waste, Mayo. That's a big guy.

MAYO: (Tackling Davidson). Sorry, man -- I had to.

DAVIDSON: I get it. I'm very hittable.

MAYO: Make taste, not waste, baby.

(END VIDEO CLIP)

ROMANS: You know -- and Laura's favorite is this action star, Eugene Levy. Let's take a look at this one.

JARRETT: I love him.

(BEGIN VIDEO CLIP)

EUGENE LEVY, ACTOR: Well, cock-a-doodle-do.

UNIDENTIFIED MALE: Wait, wait, wait, wait.

LEVY: Watch the coffee.

BRIE LARSON, ACTRESS: I'll drive.

UNIDENTIFIED FEMALE: Shotgun. (END VIDEO CLIP)

ROMANS: Clever.

JARRETT: He's come a long way from Johnny Rose.

MELAS: I know. Eugene Levy rose to fame on "SCHITT'S CREEK" and now he's in this --

JARRETT: Right.

MELAS: -- commercial with Captain Marvel herself, Brie Larson, for the new Nissan car. And they say that it's all about superhero energy this year for their new car.

And again, I think that it's -- I think -- you know, there's a lot of creativity going into these commercials.

JARRETT: Yes.

MELAS: And I have to say one of my favorite parts about the Super Bowl, other than the halftime, is the commercials. I have no idea what's going on in football. I still don't know what a first down is. But I can tell you that I love the commercials. I live for them.

JARRETT: Oh, Chloe. Oh, I knew I loved you, Chloe.

ROMANS: And now, the --

JARRETT: We're on the same wavelength.

ROMANS: It's so cool the way social media now -- in the last few years you can -- you can really -- you have a whole week of Super Bowl, honestly --

JARRETT: Yes.

ROMANS: -- with social media.

JARRETT: Well, the advertisers know it, right?

ROMANS: Right, exactly.

All right, nice to see you, Chloe Melas.

JARRETT: Thanks, Chloe.

All right. Just ahead --

MELAS: Thanks, guys.

JARRETT: -- Beijing promised Trump they'd buy hundreds of billions in U.S. goods. How'd that work out?

ROMANS: And why dozens of just-launched satellites are about to fall out of the sky. (BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: Three, two, one.

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[05:44:06]

ROMANS: All right, let's get a check on CNN Business this morning. Looking at markets around the world, you can see Asian shares have closed higher. Europe has also opened up, with Paris and Frankfurt up, both almost 1 1/2 percent. On Wall Street, stock index futures also having a good morning here today if it holds.

You know, stocks rallied Tuesday thanks to a big boost from banks. The Dow gained more than one percent, the S&P 500 almost won, and the Nasdaq up 1.3 percent.

You know, financial stocks like AMEX and JPMorgan rose, along with bond yields. Currently, at nearly two percent, bond yields are at the highest level since 2019. Now, that's good news for banks. They make more money from loans when those interest rates go up.

In individual stocks, Harley-Davidson jumped more than 15 percent due to a surprise profit gain last quarter, while drugmaker Pfizer slid after its fourth-quarter revenue and full-year guidance disappointed investors. And Peloton, if you're watching that one, popped a little bit on that big restructuring.

[05:45:00]

All right. Remember former President Donald Trump's phase one trade deal with China -- intense rounds of negotiation and then great fanfare? Beijing pledged to buy $200 billion more in goods and services from the U.S. in 2019 versus 2017. So, how did that turn out?

Well, let's look into the Twitter vault. Remember, Trump took credit for the deal and he praised Xi back in 2020 for the deal, claiming it would bring the U.S. and China closer together. Fast-forward -- the opposite happened. China falling $213 billion short of its commitment.

Let's bring in CNN global economic analyst and global business columnist and associate editor for the -- for the "Financial Times" -- my friend, Rana Foroohar. Rana, so nice to see you there.

I mean, clearly --

RANA FOROOHAR, CNN GLOBAL ECONOMIC ANALYST, GLOBAL BUSINESS COLUMNIST AND ASSOCIATE EDITOR, FINANCIAL TIMES (via Webex by Cisco): Great to see you this morning.

ROMANS: -- that trade plan -- I mean, you remember all those rounds of negotiations -- the gallons of ink spilled in American newspapers about how this was phase one of fixing the China trade problem. It didn't happen.

What -- where are we now, and what can President Biden do to avoid Donald Trump's mistakes here with China?

FOROOHAR: Yes, great question. Gallons of ink, tons of tweets, and China bought a little over half of what it was supposed to. So, the deal didn't work out.

And, Christine, really, Trump's trade policy was kind of the beginning of the end of the U.S.-China trade relationship. I mean, the U.S. and China are decoupling -- there is no question. We are going to have more separate economies than we have in the past.

I think that President Biden knows that. He's just trying to fix trade in Asia. You know, U.S. companies do need access to Asian markets, to Asian countries. Those are the fastest-growing markets in the world.

But China is now filling that void. You know, China is going to be (audio gap).

ROMANS: Uh-oh, I think -- I think Rana's frozen. Are you there? OK, here -- you're back -- continue. Your screenshot froze for a second, but continue.

FOROOHAR: Oh, no. Oh, no -- OK.

Well, what I'm saying is that Biden needs to get in and find a way for the U.S. to negotiate some trade deals so that China doesn't essentially get all those high-growth markets to itself and Asia.

ROMANS: So you say -- you have a piece in the "Financial Times" laying this out -- how the U.S. trade policy needs a radical redesign here and this is a moment for Biden.

FOROOHAR: Yes, absolutely.

You know, my feeling is that we've been pretending for too long that we're still back in the mid-1990s and we can just cut free trade deals without worrying about labor, without worrying about environmental standards, and just let the free markets do their work. And, Christine, you and I know that the free markets don't always do their work and that we do need to think about protecting U.S. workers, protecting the climate. But we also need access to those markets.

And so, I think that there's a big existential crisis going on in the administration right now where you've got some folks that say oh, we can just go back to the old way -- and some folks, like U.S. trade representative Katherine Tai that say no, we need new rules. We've got to come up with new ways to get access but also protect U.S. jobs and labor.

ROMANS: Hey, Rana, I want to talk about what's happening in Europe with Ukraine and Russia. This is so important. A lot of people ask me well, why does this matter for Americans? It really matters. You even call this -- you say Ukraine is potentially a European Vietnam.

Now, President Biden has --

FOROOHAR: Yes --

ROMANS: -- made it clear that if Russia invades Ukraine there will be no Nord Stream 2 pipeline. This is a really important potential piece of leverage here to avoid all of this. Can he actually make that happen if the Germans aren't fully on board here? Draw this out for us.

FOROOHAR: Yes, absolutely. So, the big fight here is about some really bad decisions, frankly, that Europe made to I think import more of its energy from Russia. You know, Russia is a country that has used energy as a weapon.

But the Germans, a couple of administrations ago, started this pipeline process and now they're really paying for it because we're going to have this fight in Ukraine. Ukraine, by the way, is really the sort of the eastern flank of NATO. It's really protecting Europe from potential Russian aggression.

So I think that the U.S. and Germany have got to act. I think that they should get rid of the pipeline if there is any kind of aggression.

And that ideally, it goes back to trade. You know, it goes back to what we were talking about. The U.S. and Europe need to come together and really reconnect economically. A lot of those ties were broken during the Trump administration and I think Biden's trying really hard to reconnect to sell Europe more American gas and to try and strengthen those ties so we don't end up with a European Vietnam.

ROMANS: Yes.

All right, Rana Foroohar. So nice to see you bright and early this morning. Nice to see you -- CNN global economic analyst. Thanks, Rana.

JARRETT: Now to some --

FOROOHAR: Thank you.

JARRETT: Now to some new incredible dashcam footage -- take a look here -- showing the moment a Tesla crashed into a sheriff's deputy's patrol car in North Carolina -- wow. A state trooper almost getting hit there. And get this. Police say it all happened because the Tesla driver had the car on auto-pilot and was watching a movie.

[05:50:13]

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DRIVER: I looked down for a minute.

(END VIDEO CLIP)

JARRETT: Oh. The lesson here, drivers need to watch the road, auto- pilot or not. It seems like obvious advice. ROMANS: Yes.

JARRETT: I'm glad everyone's OK.

ROMANS: All right. A major setback for Tesla founder Elon Musk's other big venture -- SpaceX.

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UNIDENTIFIED MALE: Three, two, one, liftoff, Starlink 47.

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ROMANS: So it all looked good when a Falcon 9 rocket launched nearly 50 Starlink satellites into orbit last week, right? But a geomagnetic storm a day later effectively destroyed most of those satellites. SpaceX says as many as 40 will reenter or have already reentered the Earth's atmosphere. That means falling back to Earth.

They say there's no risk of the deorbiting satellites colliding with others and pose no threat to anything or anyone on Earth.

JARRETT: A shocker at the Winter Olympics as American skiing star Mikaela Shiffrin crashes out of her second-straight race.

Coy Wire is covering the games for us in China and joins us with this morning's Bleacher Report. Coy, this is tough for her.

COY WIRE, CNN SPORTS CORRESPONDENT: Yes, top of the morning to you, Laura.

Giant slalom and slalom are Shiffrin's two favorite events by far. She said she was going full-gas and planned out the most aggressive lines, so there was no room for error. She said that full-throttle mentality was what's always brought her the best results. But now, she says she's second-guessing everything in her last 15 years.

She slipped on the course but based on her comments, Laura, it seems like she's slipping a bit mentally, too, and that's not a mental space that any athlete ever wants to be in. Shiffrin's hope to medal in all five alpine skiing events comes down to just three chances left.

Inspiration, motivation -- Team USA finally getting their first gold medal of these Beijing Games -- snowboardcross. Lindsey Jacobellis in her fifth Olympic Games, winning her first-ever gold. Redemption for her late crash while leading at the 2006 games, settling for silver.

Uncontrollable emotion afterwards, crossing that finish line. She's an inspiration for all of us. At 36 years old, she's the oldest American woman to ever win gold at a Winter Olympic Games.

And Team USA snowboarding legend Shaun White competing in his fifth and final Olympics. He had everybody on the edge of their seats at the halfpipe. Falling on his first run, it gave him just one-tenths chance to secure a spot in the final. But he nails it, showing all kinds of relief afterwards. White was 19 when he won his first Olympic gold at the 2006 games.

Now, he's 35 years old and moving on to the final.

Chloe Kim, just 21 years old. Overnight sensation after winning halfpipe gold at the Pyeongchang games at just 17. In her Beijing debut, Chloe cruises to the final with flying colors as the top qualifier.

Now, after her 2018 success, Chloe says she struggled with her superstar status, even throwing her gold medal into the trash can. She couldn't do anything without anybody noticing. Now, she's ready, though -- hungry to defend her Olympic crown.

Here's what she said earlier about how difficult it was to deal with all the hype.

(BEGIN VIDEO CLIP)

CHLOE KIM, 2018 OLYMPIC HALFPIPE GOLD MEDALIST: I experienced something incredibly difficult to overcome and it was just learning how to relive my life. Just kind of becoming more accustomed to that and I guess, incorporating that into my new life was very challenging.

And at that time, the only thing I could blame was that medal. But don't worry, I got it out of the trash. It's not in there anymore.

(END VIDEO CLIP)

[05:55:13]

WIRE: Congratulations to skier Colby Stevenson, taking home a big air silver to the USA. Remarkable for him to even make it to these Beijing games. In 2016, Stevenson nearly died in a car crash that left him with a broken neck, fractured skull. He underwent multiple surgeries -- even shrank an inch in height. Now, Olympic silver medal.

Laura, Christine, Colby told us he's living out his bonus years now --

ROMANS: Wow.

WIRE: -- and says his journey taught him that valuable life lesson -- don't ever take anything for granted.

JARRETT: Always great to see a comeback.

ROMANS: They are so talented and it is so fun to watch. It's so fun to watch.

All right, Coy Wire, nice to see you this morning. I mean, tomorrow night --

WIRE: You, too.

ROMANS: -- or whatever time it is there.

JARRETT: Thanks, Coy. Get some rest. ROMANS: Thanks for joining us.

WIRE: Good night.

ROMANS: Good night. Nighty-night.

Thanks for joining us. I'm Christine Romans.

JARRETT: I'm Laura Jarrett. "NEW DAY" is next.

ROMANS: It's tonight where he is.

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