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Bush Speaks in New Mexico on Home Ownership; Tyco Jury Unable to Agree; Kerry Addresses Michigan Supporters About Economy

Aired March 26, 2004 - 13:19   ET

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

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


KYRA PHILLIPS, CNN ANCHOR: Meanwhile, we roll on here with another edition of LIVE FROM.
More squabbling going among -- or happening among the jury, rather, in the Tyco trial. Developing news come out of New York. Our Allan Chernoff is covering that story for us.

Allan, what's the latest?

ALLAN CHERNOFF, CNN CORRESPONDENT: Well, Kyra, it now appears that a mistrial is more than a possibility. It appears it is a probability now in this trial.

A note just coming from the jury, saying that they do not believe that they can continue to conduct open-minded good faith deliberations. The judge saying this is actually worse than a note of a hung jury and saying that he doesn't believe this is going to go on beyond today.

The jury just came out. He spoke to the jury. He said, "I feel there's an inconsistency in your note," because the jury also said we expect your instructions to continue deliberating.

And the judge said, well that doesn't make sense. That basically is a contradiction there. He said to the jury go ahead, take your lunch, relax. If you feel that you can continue after lunch, let us know. If you feel you can't continue after lunch, let us know.

The defense is asking now for a mistrial, once again. The prosecution saying that would be premature. But it appears that we will have a decision on that very issue this afternoon.

And of course this is the trial of Dennis Kozlowski and Mark Swartz, the former top two executives of Tyco. And they are charged with looting the company to the tune of $600 million, each charged with 13 counts of grand larceny -- Kyra.

PHILLIPS: One of the jurors saying that the jury room had turned poisonous. What's going on, Allan?

CHERNOFF: Right. Within the jury room, it seems that there have been accusations -- we don't know exactly what -- but going flying back and forth. There were two notes that came out late yesterday.

One, which seemed to be from the majority of the jurors, saying that one juror was not conducting the deliberations in good faith. The second note from that individual juror, saying that some of the other jurors don't believe there's a possibility that the defendants are simply innocent.

So seems there's a big divide over there between at least one juror and the other members of the jury. And they simply have not been able to cross that divide. There are certainly some very bad emotions in that jury room.

The judge earlier today basically was a disciplinarian, telling everybody, let's have some good faith discussions; let's basically play nice -- Kyra.

PHILLIPS: Allan Chernoff, live from New York. We'll continue to follow up with you. Thanks, Allan.

Creating jobs. Every presidential candidate promises to do it. John Kerry plan to add a staggering $10 million jobs, in part by reining in the practice known as outsourcing.

Well, we reach out to CNN's Kelly Wallace. She's in Washington, for more details.

Hi, Kelly.

KELLY WALLACE, CNN CORRESPONDENT: Hi, Kyra.

Well, the context here, the strategy by the Kerry campaign, is as voters are trying to look at John Kerry, many saying they really don't know much about him. He is try to define himself, especially as the Bush/Cheney re-election team has been running a lot of ads painting him or portraying him as a tax and spend liberal.

Now, we're expecting John Kerry, the presumptive Democratic nominee, to speak just moments from now in Detroit, Michigan. You see there it's Governor Jennifer Granholm of Michigan, speaking before the audience.

Michigan, of course, a very important state, expected to be a key battleground in the general election, a state that is suffering when it comes to job losses with about a 6.6 unemployment rate.

Take a look at some of the proposals that John Kerry is going to propose. And again, his aides say he hopes to create 10 million jobs in four years. Here are some ways about how he plans to do that.

No. 1, he says he will close all the loopholes that encourage companies to send jobs overseas.

He will also call for cutting the corporate tax rate and will offer tax breaks for companies that add U.S. jobs to their payrolls.

Now no surprise, the Bush/Cheney re-election team is commenting about this. I talked to one aide a short time ago who calls this nothing more than a political gimmick, saying nobody is going to mistake this for real economic policy, saying this will not prevent sending jobs oversea. Right now, of course, the economy could very well be, Kyra, a key election year issue. Both sides posturing right now, trying to get the upper hand.

And what we're seeing right now, John Kerry who was on vacation for a week, just really get back to the campaign trail, trying to portray himself as someone who will give some tax breaks to keep jobs in the U.S. -- Kyra.

PHILLIPS: All right. Kelly Wallace, thank you.

We're going to take a quick break. More LIVE FROM right after this.

(COMMERCIAL BREAK)

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com


Aired March 26, 2004 - 13:19   ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
KYRA PHILLIPS, CNN ANCHOR: Meanwhile, we roll on here with another edition of LIVE FROM.
More squabbling going among -- or happening among the jury, rather, in the Tyco trial. Developing news come out of New York. Our Allan Chernoff is covering that story for us.

Allan, what's the latest?

ALLAN CHERNOFF, CNN CORRESPONDENT: Well, Kyra, it now appears that a mistrial is more than a possibility. It appears it is a probability now in this trial.

A note just coming from the jury, saying that they do not believe that they can continue to conduct open-minded good faith deliberations. The judge saying this is actually worse than a note of a hung jury and saying that he doesn't believe this is going to go on beyond today.

The jury just came out. He spoke to the jury. He said, "I feel there's an inconsistency in your note," because the jury also said we expect your instructions to continue deliberating.

And the judge said, well that doesn't make sense. That basically is a contradiction there. He said to the jury go ahead, take your lunch, relax. If you feel that you can continue after lunch, let us know. If you feel you can't continue after lunch, let us know.

The defense is asking now for a mistrial, once again. The prosecution saying that would be premature. But it appears that we will have a decision on that very issue this afternoon.

And of course this is the trial of Dennis Kozlowski and Mark Swartz, the former top two executives of Tyco. And they are charged with looting the company to the tune of $600 million, each charged with 13 counts of grand larceny -- Kyra.

PHILLIPS: One of the jurors saying that the jury room had turned poisonous. What's going on, Allan?

CHERNOFF: Right. Within the jury room, it seems that there have been accusations -- we don't know exactly what -- but going flying back and forth. There were two notes that came out late yesterday.

One, which seemed to be from the majority of the jurors, saying that one juror was not conducting the deliberations in good faith. The second note from that individual juror, saying that some of the other jurors don't believe there's a possibility that the defendants are simply innocent.

So seems there's a big divide over there between at least one juror and the other members of the jury. And they simply have not been able to cross that divide. There are certainly some very bad emotions in that jury room.

The judge earlier today basically was a disciplinarian, telling everybody, let's have some good faith discussions; let's basically play nice -- Kyra.

PHILLIPS: Allan Chernoff, live from New York. We'll continue to follow up with you. Thanks, Allan.

Creating jobs. Every presidential candidate promises to do it. John Kerry plan to add a staggering $10 million jobs, in part by reining in the practice known as outsourcing.

Well, we reach out to CNN's Kelly Wallace. She's in Washington, for more details.

Hi, Kelly.

KELLY WALLACE, CNN CORRESPONDENT: Hi, Kyra.

Well, the context here, the strategy by the Kerry campaign, is as voters are trying to look at John Kerry, many saying they really don't know much about him. He is try to define himself, especially as the Bush/Cheney re-election team has been running a lot of ads painting him or portraying him as a tax and spend liberal.

Now, we're expecting John Kerry, the presumptive Democratic nominee, to speak just moments from now in Detroit, Michigan. You see there it's Governor Jennifer Granholm of Michigan, speaking before the audience.

Michigan, of course, a very important state, expected to be a key battleground in the general election, a state that is suffering when it comes to job losses with about a 6.6 unemployment rate.

Take a look at some of the proposals that John Kerry is going to propose. And again, his aides say he hopes to create 10 million jobs in four years. Here are some ways about how he plans to do that.

No. 1, he says he will close all the loopholes that encourage companies to send jobs overseas.

He will also call for cutting the corporate tax rate and will offer tax breaks for companies that add U.S. jobs to their payrolls.

Now no surprise, the Bush/Cheney re-election team is commenting about this. I talked to one aide a short time ago who calls this nothing more than a political gimmick, saying nobody is going to mistake this for real economic policy, saying this will not prevent sending jobs oversea. Right now, of course, the economy could very well be, Kyra, a key election year issue. Both sides posturing right now, trying to get the upper hand.

And what we're seeing right now, John Kerry who was on vacation for a week, just really get back to the campaign trail, trying to portray himself as someone who will give some tax breaks to keep jobs in the U.S. -- Kyra.

PHILLIPS: All right. Kelly Wallace, thank you.

We're going to take a quick break. More LIVE FROM right after this.

(COMMERCIAL BREAK)

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com