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New Day

Will Dow Rally From 335-Point Drop?; New Protests After St. Louis Officer Kills Teenager; New Details about Jesse Matthew; Malala Yousafzai Wins Nobel Peace Prize

Aired October 10, 2014 - 06:30   ET

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

(COMMERCIAL BREAK)

ALISYN CAMEROTA, CNN ANCHOR: It is CNN Money Time, your money. The markets are hoping for a rebound after the biggest Dow plunge of the year.

Chief business correspondent Christine Romans is in our money center. Well, actually, she's right here next to me with that.

Christine, what is going on in the markets?

CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: You know, it's rare to see a move like that, 300-point move, 2 percent and the wild swings just keep coming, the Dow 335 points lower. The worst drop in over a year. Today, could be -- futures down across the board so watch this space.

So, what's going on? A few reasons, October has been volatile. The Dow has moved more than 200 points five days this month. Investors are worried about sluggish growth abroad, especially in power houses like Germany and China. And the Fed this month stops its stimulus into the economy. In October, the Fed will stop it.

And then there's the fact -- look at this chart, you guys, this is critical. The market has not had a 10 percent drop, a true correction since 2011. See? And every time it's pulled back, it races higher again. People feel like if it falls a little bit. I want to keep getting in.

There hasn't been a real correction since 2011. All of these things together why people are selling stocks right now.

CAMEROTA: So, we're overdue for a correction?

ROMANS: We're way overdue for a correction. Way overdue for a correction.

But most people are saying to me, what am I supposed to be doing right now? Should I be selling stocks right now?

Chris, we talked about rebalancing. You should know what percentage of your portfolio should be stocks, bonds, cash, other things. And if it's, say, 70 percent, as the market has been going up, you've been selling stocks along the way to stay at 70 percent, just figure out what is your asset allocation supposed to be? How much stocks do you want to have in your portfolio, and make sure you're selling along the way or buying along the way to get there.

The closer you are to retirement. If you've got almost all of your portfolio in stocks and your 10 years or less away from retirement. You have to be very careful. There's too much in the stock market.

CHRIS CUOMO, CNN ANCHOR: Especially with the disadvantage now between regular people and insiders traders.

ROMANS: Absolutely.

CUOMO: Coming towards the end of the year, they are looking to take profits to balance their books, to show profit for their own bonuses. So, there's that, too.

ROMANS: Yes, you're right.

CAMEROTA: Great advice. Thanks so much, Christine.

ROMANS: You're welcome.

CUOO: A lot of news this morning. Michaela, please tell us.

MICHAELA PEREIRA, CNN ANCHOR: I will. It would be my pleasure. Happy Friday, everybody.

Here's your headlines:

We're learning new details about the two officers accused of using excessive force in a traffic stop that went badly in Indiana. Records show that Hammond Police Officers Patrick Vicari and Charles Turner have been named in previous lawsuits involving the use of excessive force. Both officers denied the allegations in each case.

Suspended Minnesota Vikings running back Adrian Peterson faces a possible re-arrest. He admitted to court officials he smoked marijuana and was likely to fail a drug test. Peterson made the admission Wednesday during his initial court appearance on a child abuse charge. Prosecutors have asked the judge to revoke his $15,000 bail and asked he be rearrested.

Actress and comedian Jan Hooks has died, best known for her five years on "Saturday Night Live," from 1986 to-'91. She later had a rule on a sitcom designing women. More recently appeared on "30 Rock." Reportedly, she had been battling a serious illness. Jan Hooks was 57 years old.

I predict this is going to cause some kerfuffle here on the set. Microsoft's CEO Satya Nadella has a whole lot of explaining to do, after advising female workers not to ask for a raise, but to instead put faith in karma. I had to let that sink in for a second.

Nadella was speaking at a conference in Phoenix for women in computing. He told women in the audience they should trust the system -- trust the system -- when it comes to compensation. Christine Romans head is burning right now.

That, of course, triggered a social media outcry. Later, Nadella admitted in a tweet that those comments were inarticulate and he called on the tech industry to close the gender pay gap.

ROMANS: Karma has done well so far. Just trusting have gotten women 77 cents on the dollar.

PEREIRA: So glad you stuck around for this because I knew you'd lose your mind --

ROMANS: People around him say that he's not like that. They say that this --

PEREIRA: It's out of character.

ROMANS: Out of character, that he sees people very equally. That he is --

CUOMO: Was he being sarcastic?

CAMEROTA: No.

ROMANS: No, he wasn't being sarcastic. He says he was being inarticulate. And a lot of --

CUOMO: What could he have meant?

ROMANS: Well, he could have meant around him, the system works, because people are -- they are paid for performance. But it's not like that for everyone.

(CROSSTALK)

ROMANS: People around him say yes, he is a very important person in a very big role and karma does not work outside in most industries.

CAMEROTA: It's the opposite of leaning in, it's lying down, which is what he's recommending, the opposite.

CUOMO: If I could quote you on that?

CAMEROTA: Please do.

Sheryl Sandberg, you heard it here first.

Thanks so much. Great to see you, Christine.

Anger is still running rampant in St. Louis after a police officer kill a teenager. Demonstrators inflamed falling the release of the 18-year-old's autopsy. We will discuss the shocking report.

CUOMO: Plus, a possible big break in the search for UVA student Hannah Graham, how a cab and who was driving it may hold some answers. We have it for you, ahead.

(COMMERCIAL BREAK)

CAMEROTA: There's been breaking news overnight. New protests in St. Louis following the police shooting of 18-year-old Vonderrit Myers, just 12 miles from the spot where Michael Brown was killed by police.

The autopsy results now show that Myers was hit quote seven or eight times by the off-duty police officer. The fatal wound was to his head.

Let's bring in Paul Callan. He's a CNN legal analyst. And Mo Ivory, attorney and radio host.

Thanks to both of you for being here.

Mo, let me start with you. Police say -- the police officer says the teenager shot at him first, police say there was a 9-millimeter pistol found at the scene. The protesters do not believe police. How are we supposed to resolve this?

MO IVORY, ATTORNEY: Yes, the very problem we have at hand is one of those of those incidents where there is no video. And now, we go to two stories. And, of course, who is going to believe the police and especially in this area in St. Louis? So close to Ferguson, so close to what happened to Michael Brown.

So, it is going to be a tale of two stories. And it's going to, the physical evidence, the forensics are going to have to tell the story in the event you don't have video.

But this is the problem with the distrust of police, and why so many people will immediately say, well, he was unarmed. Why was this off- duty officer going towards these young men in the first place? Was it racial profiling?

So, here again, you have the distrust of the police, coming into play as to whether the facts are or are not what people are saying.

CAMEROTA: Yes, let me give people a little bit more information. It comes from a news report on CNN.com, Paul.

It says that the officer, off-duty, saw three black males run away as he approached. He gave chase. Because one of then was holding up his pants in a way that made the officer believe the teen may be carrying a gun. The officer and one of the three tussled. The teenager ran off. Then turned around and fired at least three shots at the officer.

This story sounds -- sketchy. Why would an off-duty police officer who was not supposed to be patrolling the streets, he was acting as a security guard, I believe, approach three teenagers on a corner?

PAUL CALLAN, CNN LEGAL ANALYST: Well, he, and frankly we're not going to know all the facts, you know as Mo said. I think the biggest problem here is that the police in St. Louis, there's such distrust in the community that you know, they used to get the benefit of the doubt when they said somebody was shooting at me and I shot back. But now the police are so distrusted by the community, that you know, we have massive demonstrations every time there's a use of force. I don't know how this is going to play out.

But I will tell you one of the reports is that the officer was in full uniform even though he was working as a private security guard. Police officers are police officers 24 hours a day. If they witness suspicious behavior or criminal behavior, they can pursue.

But a young man trying to pull his pants up or even, by the way, the courts have said that young men running, that is not probable cause to pursue or arrest.

So, from what I'm hearing on those facts, I don't know that he had a right to pursue in the first place, but on the other hand if somebody shot at him, he has the right to return fire and if he hits seven times, that will still be a legal use of force. But we have to see how the evidence sorts this out.

CAMEROTA: You know, Mo, the protesters say this is Michael Brown all over again. But if the teenager had a gun and shot at the officer, it's completely different.

IVORY: Absolutely. I mean I don't think anybody, black, white, green, no matter what is going on right now, would say that a police officer doesn't have the right to protect themselves and to use deadly force.

But, here we go again with 17 shots. It has to ring in anybody's mind, that seems excessive. Or, why so many shots? You even have conflicting stories, even from the --

CALLAN: Was it 17, Mo? 17 shots?

CAMEROTA: 17 shots were fired, but he was hit seven times.

CALLAN: Oh, okay, he was hit 7 times.

(CROSSTALK)

CALLAN: I see.

CAMEROTA: When somebody is running away, obviously it can be hard in a stressful situation, even for a police officer to hit the --

(CROSSTALK)

CALLAN: It's very difficult to hit your target, of course. Right, right, yes.

IVORY: No, absolutely, and so I'm not saying that that - - but I'm saying, when you compound it with what is already going on, a federal judge just ruled that the protesters in Ferguson's rights were violated, the special prosecutor is playing footsies with Darren Wilson. I mean, there's just so much going on that it makes people have such a distrust. CALLAN: You know, I think it's unfair, Mo, to say that the federal prosecutor is playing footsie with Darren Wilson, who is the police officer in the Michael Brown case. I mean I don't -- you know, I don't know that that's a fair characterization.

(CROSSTALK)

IVORY: Well there's definitely, there's definitely question as to what is going on with that grand jury. because they are being investigated right now. There have been no arrests.

CALLAN: Oh, you're talking about the leaks from the grand jury?

IVORY: Yes, yes, I am.

CALLAN: Okay, I see.

IVORY: So, I'm just saying that that environment - -

CALLAN: No, I agree with you, I have to agree with you 100 percent. There's a total lack of confidence in law enforcement in the St. Louis area. And, by the way, It's not just St. Louis. I think in black communities across America, there's skepticism about the police. But we serve justice in America one case at a time, and we have to look at the individual facts of individual cases to see if the use of force was justified. I think it's premature to be jumping to a conclusion in this case until we hear the facts.

CAMEROTA: Yes, but of course if the public doesn't respect and trust the police, that is a fundamental breakdown that obviously we need to resolve and talk about in a future segment.

CALLAN: Mo and I, I think we agree on that 100 percent.

CAMEROTA: Of course.

IVORY: Absolutely.

CAMEROTA: Paul, Mo, thanks so much for the discussion. Chris? What's coming up?

CUOMO: Alright, look, that situation definitely needs more conversation, and you have to figure out the culture of policing in areas like that. No question about it. Good segment, though, Alisyn, thanks for that.

We're going to talk to you about the search for Hannah Graham. It's entering another week.

(BEGIN VIDEOCLIP)

CUOMO (voice-over): And police in Virginia say they have increased the link between Jesse Matthew, the man on your screen, and the disappearance and murder of another student in Virginia. The question is, what is their proof? We have it ahead.

(END VIDEOCLIP)

(COMMERCIAL BREAK)

CAMEROTA: This morning we're learning new details about the man being held in the disappearance of Hannah Graham.

(BEGIN VIDEOCLIP)

CAMEROTA (voice-over): Investigators in Virginia say Jesse Matthew was working as a cab driver the night Virginia Tech student Morgan Harrington vanished five years ago, and he was questioned by police in 2009 following her disappearance. Now, we've learned that the cab that Matthew drove that night has been seized by authorities from a farm as part of their investigation.

(END VIDEOCLIP)

CAMEROTA (on camera): Erin McPike is live in Charlottesville, Virginia with the latest. Good morning, Erin.

ERIN MCPIKE, CNN CORRESPONDENT: Alisyn, good morning. Well, when Hannah Graham first went missing, the police chief here said it was a legitimate question to raise, whether these two cases were linked, but he didn't want to jump to conclusions. But now, the connections are impossible to ignore.

(BEGIN VIDEOTAPE)

MCPIKE (voice-over): Jesse Matthew has been in police custody for two weeks, the last person known to have seen Hannah Graham the night she disappeared four weeks ago. Police have linked him to another missing girl, Virginia Tech student Morgan Harrington, who vanished in October 2009. Now police have found a second possible link connecting Matthew to Harrington's death.

A source with knowledge of the investigation says police have seized a taxi cab owned by Matthew. Law enforcement sources say they have already linked Matthew to Harrington's disappearance with DNA evidence, but no charges have been filed. Last month, Harrington's parents told CNN's Anderson Cooper they just want to prevent another tragedy.

GIL HARRINGTON, MORGAN HARRINGTON'S MOTHER: We're not joyful. There's no celebration here. We're kind of stunned, but we also are, are you know, devastated that it has come through Hannah Graham being missing.

MCPIKE: In 2005, Matthew got a business license to drive a cab in the city of Charlottesville. State and federal investigators believe Matthew was driving a cab for a now-defunct company called Access the night Morgan went missing. Fellow drivers remember Matthew.

MARK BROWN, YELLOW CAB OWNER: Our understanding, again, is that he was driving a cab the night that Morgan Harrington was abducted.

MCPIKE: Her body was found months later in 2010, 10 miles from where she was last seen getting into a taxi. 2010 was also the last year Matthew renewed his license to drive a cab in the city of Charlottesville. Investigators say they interviewed several cab drivers at the time.

MELVIN CARTER, CAREER DRIVER: They asked, what dark-colored cars there was or cabs around. I went down a list of them and asked them because I seen him again. I said well, what cab company was it? And he told me. And when he told me, I'm like oh, okay, great. It wasn't us.

MCPIKE: Matthew's attorney is not commenting on the case.

(END VIDEOTAPE)

MCPIKE (on camera): And Matthew's co-workers also told CBS 6 News here in Charlottesville when they would compare him to the man in the sketch linked to Harrington's death, Matthew would become visibly upset and disappear for hours. Alisyn?

CAMEROTA: Erin McPike, thanks so much for the update.

CUOMO: Well, let's bring in Mel Robbins, CNN commentator and legal analyst. I'm going to play the other side in this a little bit, Mel, because I know you know-

MEL ROBBINS, CNN LEGAL ANALYST: Which side?

CUOMO: I know you know the case very well. Of course you get upset when people say you look like the guy who's suspected - - -

ROBBINS: Right.

CUOMO: - - in a crime and you disappear for hours. That's a very embarrassing situation.

ROBBINS: Yes.

CUOMO: What is the proof? There's some curious things here, but we keep hearing that they have links, they're strengthening links. There's a cab in a farm field and he worked as a cab - - What do you think they actually have on this guy?

ROBBINS: I think they have either DNA evidence that links Harrington to him, or they have some sort of forensic evidence that they found at his house, Chris, or in his car.

CUOMO: But no charges?

ROBBINS: But no charges yet. You're absolutely right. I mean, this is, they're at the stage where they have all of these little bread crumbs and they're trying to amass enough so that they can actually make charges stick in this. Because what you don't want to have happen is you don't want to overreach. You don't want to overcharge because the families are so devastated. And you also have all of these possible links, I mean, we're not only talking about the Morgan Harrington case.

We also have cases dating back to October of 2002. That's 12 years before Hannah Graham went missing. And as of this morning, looking at multiple news sources, Chris, there are up to 15 cases of missing women that the police department are now publicly saying that they're looking into. And interestingly enough, there was that report about an assault at Christopher News University in 2003. There was another woman, Sophia Rivera that went missing that evening in Christopher News.

So they don't, the problem here is, without bodies you don't have any evidence that you can physically connect him to. So, I am sure what the police are doing, is they are scouring his apartment. They are scouring his car for any kind of DNA evidence that will link him to these women. And the way you get the DNA evidence from them is you go to their houses and, you know, you go to their toothbrushes and their parents. But then that only establishes that they were connected.

Without the bodies, it's going to be very hard to link him to any other cases. Now, we do have a body in this case, but they're going to have to have something more than maybe just, you know, insufficient DNA evidence. And we don't even know if they have it, we just know they have forensic evidence. The thing that I find curious, how is it that just a week ago, or just a couple of days ago they found a cab?

PEREIRA: Right?

CUOMO: Right.

ROBBINS: From five years ago, on a farm?

PEREIRA: Because that is the concern, because, look, they have obviously have DNA linking him to some of these cases.

ROBBINS: To Hannah.

PEREIRA: But there are all of these open, and unfinished, and cold cases of these women that have gone missing. That is very concerning. Everybody wants justice for those families. Everybody wants to find out what happened to them. But is there a concern that they'll just sort of pile those all on him?

ROBBINS: Of course, absolutely, because, you know, you start to create this map where it looks like a clustering effect. Every single one of these missing cases has happened in the fall. It's almost every single year. One after the other. In July, August, September, October.

(CROSSTALK)

ROBBINS: There are even some on the same days.

CUOMO: You get on the trail, and maybe you stop looking anywhere else, because you think you have your guy. That's what you have to balance.

CAMEROTA: Sure, but, you know, forensic evidence and a forensic link is a pretty good indication that you might have your guy.

ROBBINS: Absolutely. So, for example, the problem for prosecutors is let's just say for argument's sake, hypothetically he is involved in some of these. And let's just say that he was a sicko that kept t- shirts or whatever. Even if he has those, that's not necessarily enough to convict him of the murder or the abduction of these gals.

CAMEROTA: Why not the abduction? If you have a t-shirt of somebody, doesn't that mean that you had access to their body?

ROBBINS: It doesn't mean that you weren't just the last person that was with them, and they left in the morning. Like you can't --

CUOMO: That's why the body is so important.

ROBBINS: The body is so important.

CUOMO: You don't have to have the body, but without it very often they won't even call something a murder or a homicide without a body. So, it makes it much more difficult

ROBBINS: But this cab could be extremely important because there were lots of these unsolved cases that actually happened in 2009. And so, there are three that I know of that the police have talked about that were 2009 in this area. And you know.

CUOMO: They really want to know how long the cab has been in the field, also.

ROBBINS: That's a very strange angle on that story.

CAMEROTA: Mel, thanks, great to see you.

ROBBINS: Great to see you guys.

CUOMO: Now, we are following a lot of news this morning, starting with some breaking news, and it's of the very good variety.

ANNOUNCER: This is CNN breaking news.

CAMEROTA: Good morning and welcome to NEW DAY. I'm Alisyn Camerota alongside Chris Cuomo. We begin with that breaking news that Chris was talking about. We've just learned the Nobel Peace Prize is shared by two impressive people who both have fought hard for children's rights.

CUOMO: One is a very familiar face.

(BEGIN VIDEOCLIP)

CUOMO (voice-over): Malala Yousafzai. She has battled tirelessly for a girl's right to education in Pakistan. And also, Kailash Satyarthi, who's been at the forefront of a global movement to end child slavery in India since the '80s.

(END VIDEOCLIP)

CUOMO (on camera): Let's bring in chief international correspondent Christiane Amanpour, you have the latest, and, of course, you really helped introduce the world to Malala.

CHRISTIANE AMANPOUR CNN CHIEF INTERNATIONAL CORRESPONDENT: You know, she is a remarkable woman. We've had her on the air several times, including a lengthy interview last year in which she was really so poised and so articulate. And when I asked her about the threats that she's been under, and the life-threatening, you know, attempts to just stop what she was doing, this is what she said to me on stage in New York.

(BEGIN VIDEOCLIP)

MALALA YOUSAFZAI, WINNER OF NOBEL PEACE PRIZE: They can kill me, they can only kill Malala. But it does not mean that they can kill my cause as well. My cause of education, my cause of peace, and my cause of human rights, my cause of equality will still be surviving. They cannot kill my cause.

(END VIDEOCLIP)

AMANPOUR: So, it's that kind of determination and poise that obviously got her to this Nobel Peace Prize, and it's a long and big, big message, obviously to the world because, as we sit here right now, what do we see?