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Another Wild Ride for Stocks and Investors; Academy Awards Nominations Revealed

Aired January 15, 2015 - 08:30   ET

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

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ALISYN CAMEROTA, CNN ANCHOR: CNN Money now. Chief business correspondent Christine Romans is here to track this crazy time for the markets.

CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: And it is crazy, you guys, and it looks like it might be another wild ride for stocks and stock investors today. Futures are down. They - oh, God, there -- after the Dow fell almost 200 points yesterday. Look at that. Commodities like copper are plunging. Investors are running to treasuries. They're looking for a safer place to put their money. The 10-year Treasury yield, about 1.8 percent. That's unbelievably low.

Banks are unfairly under assault. Under assault, that's according to the JP Morgan Chase CEO Jamie Dimon. Legal costs for his bank topped $1 billion in response to several government probes. Dimon also warned against talk of breaking up JP Morgan Chase. He said it would hurt America. It would hand U.S. financial power to the big Chinese banks instead.

And following in JP Morgan's footsteps, more disappointing profits from big banks this morning. Both Citi and Bank of America also reported steep legal bills last quarter. Those shares are down a bit before the bell. But there is this sort of mantra coming from Wall Street, you guys, that the big banks are under assault. They've been hurt too much unfairly.

CHRIS CUOMO, CNN ANCHOR: Why are they paying legal fees?

ROMANS: Because they've had to settle mortgage fraud allegations, they've had to settle all kinds -- oh, my gosh. The number of different kinds of investigations are kind of mind blowing. And JP Morgan Chase -- Jamie Dimon said, he said they're under assault from regulators on all fronts.

CAMEROTA: Christine, thanks so much for all the explanation. Great to see you.

ROMANS: You're welcome.

CAMEROTA: The Oscar nominations are about to be unveiled. We will have them for you live right after this quick break.

(COMMERCIAL BREAK) MICHAELA PEREIRA, CNN ANCHOR: Big, big morning in Hollywood. The 2015 Academy Award nominations are underway right now. For the first time ever, all 24 categories are being announced live in a two-part news conference. Directors Alfonso Cuaron and J.J. Abrams, they've already presented some 11 categories. In a moment, actor Chris Pine and Academy President Cheryl Boone Isaacs are going to come to the podium. They will announce the remaining nominations in 13 categories, including best actor, best actress, and, of course, best picture. We're going to break down all the nominations with Krista Smith, CNN entertainment commentator and senior West Coast editor of "Vanity Fair."

We've got about 20 seconds until that happens. Any big predictions right off the bat, Krista?

KRISTA SMITH, CNN ENTERTAINMENT COMMENTATOR: Well, it's really exciting this year because I think we're going to get some first- timers coming into the Oscar race. There's a possibility for Jennifer Aniston to get nominated. Also on the guy side you have Benedict Cumberbatch.

PEREIRA: That's right.

SMITH: People love him from "Sherlock" on television.

PEREIRA: OK, I'm going to interrupt you there. I knew this would happen.

Let's go right to Beverly Hills to listen to the nominations live.

UNIDENTIFIED FEMALE: Academy President Cheryl Boone Isaacs and Chris Pine.

CHERYL BOONE ISAACS, ACADEMY PRESIDENT: Welcome. What an exciting morning. Thank you, Alfonso and J.J. for kicking it all off.

Chris, let's continue.

For performance by an actor in a supporting role, the nominees are Robert Duvall in "The Judge," Ethan Hawke in "Boyhood," Edward Norton in "Birdman or (The Unexpected Virtue of Ignorance)," Mark Ruffalo in "Foxcatcher," and J.K. Simmons in "Whiplash."

CHRIS PINES, ACTOR: For performance by an actress in a supporting role the nominees are, Patricia Arquette in "Boyhood," Laura Dern in "Wild," Keira Knightley in "The Imitation Game," Emma Stone in "Birdman or (The Unexpected Virtue of Ignorance)," and Meryl Streep in "Into the Woods."

ISAACS: For achievement in makeup and hair styling, the nominees are, Bill Corso and Dennis Liddiard for "Foxcatcher," Frances Hannon and Mark Coulier for "The Grand Budapest Hotel," and Elizabeth Yianni- Georgiou and David White for "Guardians of the Galaxy."

PINE: For achievement in costume design the nominees are Milena Canonero for "The Grand Budapest Hotel." PEREIRA: We're going to jump in - we're going to jump in right now as they carry on with these other announcements. We have some news here with -- that we'll hash out with Krista Smith, who joins me again.

We heard the best supporting actor and best supporting actress, Robert Duvall, Ethan Hawke, Ed Norton, Mark Ruffalo, J.K. Simmons. As you predicted, well, I was going to say, some newcomers. These are all very, very familiar names in Hollywood.

SMITH: Yes, they are. I mean this was pretty much set from a while ago. There's no surprises really in this category. Mark Ruffalo, obviously, in "Foxcatcher." But J.K. Simmons, I mean, this is a big deal for him. This was a movie that - it was a small movie out of Sundance, "Whiplash." This is a big moment for him and I think it's his to actually win it. Obviously Robert --

PEREIRA: And -

SMITH: Go ahead, Michaela.

PEREIRA: I was going to say, interesting to think of all the work that he's done in television and finally getting this big, big nod, not only from the Globes, but also from the Academy here.

SMITH: Yes. I think there's two stories here. It's really J.K. and Robert Duvall who's in his 80s, who's been acting for, what is it, five decades at such a high level. I think he's so beloved in this community. It's really nice to see him get that nod.

PEREIRA: All right. On the actress side, Patricia Arquette, also from "Boyhood," Laura Dern, Keira Knightley, Emma Stone, and a lot of people have been talking about Meryl Streep, "Into the Woods."

SMITH: Yes.

PEREIRA: Some people not loving the film but loving her role.

SMITH: I mean, Michaela, it wouldn't be the Oscars if Meryl Streep wasn't nominated. I don't even know how many at this point. Is it 19 or 20?

PEREIRA: We've lost count.

SMITH: Yes. But it's great for Laura Dern. That's kind of a surprise. She was on the cusp, maybe was she going to get in or get -- not for Reese Witherspoon's "Wild." And I expect Reese to get in as well for best actress.

PEREIRA: And I've just been thinking about the tremendous career that Emma Stone has been having and to see her nominated again here for her work is fantastic.

SMITH: Yes. I loved "Birdman" and Emma Stone really did something that no one has seen her do before. It was a completely different departure for her and she just nailed it. Also, Ed Norton was fantastic. I mean I really loved "Birdman" and it -- I think that we're going to see Michael Keaton get a best actor nomination as well.

PEREIRA: So, again - ahead we have best actor, best actress and, of course, best picture. A lot of people have been wondering. There's been a great slate of films this year. Some of the films that a lot of people haven't had a chance to see. Some films that have been out for a while. I'm curious what your thoughts are on the contenders for best picture ahead.

SMITH: Well, I'm really curious to see if "Unbroken" gets a nomination. Obviously it's -- people really like it. It's out there in the - you know, people are going to see it, but I haven't seen her get any love yet from any of the other -- the gilds.

PEREIRA: Right.

SMITH: You know, you haven't seen it mentioned a lot. Also "Selma," it seems odd to me that that hasn't gotten some of the other awards earlier on. So I'll be really curious to see if both of those get nominations. Obviously some very popular -

PEREIRA: All right, I'm going to jump in once again -

SMITH: OK.

PEREIRA: Because we're about to make some more announcements. Actress in a leading role. Let's take a listen.

ISAACS: The nominees are Marion Cotillard in "Two Days, One Night," Filicity Jones in "The Theory of Everything," Julianne Moore in "Still Alice," Rosamund Pike in "Gone Girl," and Reese Witherspoon in "Wild."

PINE: For performance by an actor in a leading role the nominees are Steve Carell in "Foxcatcher," Bradley Cooper in "American Sniper," Benedict Cumberbatch in "The Imitation Game," Michael Keaton in "Birdman or (The Unexpected Virtue of Ignorance)," and Eddie Redmayne in "The Theory of Everything."

ISAACS: And, finally, we are pleased to announce the film's selected as the best picture nominees. They are "American Sniper," Clint Eastwood, Robert Lorenz, Andrew Lazar, Bradley Cooper and Peter Morgan producers, "Birdman or (The Unexpected Virtue of Ignorance)," Alejandro G. Inarritu, John Lesher and James W. Skotchdopole producers, "Boyhood," Richard Linklater and Cathleen Sutherland producers, "The Grand Budapest Hotel," Wes Anderson, Scott Rudin, Steven Rales and Jeremy Dawson producers, "The Imitation Game," Nora Grossman, Ido Ostrowsky and Teddy Schwarzman producers, "Selma," Christina Colson, Oprah Winfrey, Dede Gardner and Jeremy Kleiner producers, "The Theory of Everything," Tim Bevan, Eric Fellner, Lisa Bruce and Anthony McCarten producers, and, "Whiplash," Jason Blum, Helen Estabrook and David Lancaster producers.

PINE: For the complete list of all the nominations, please visit oscar.com.

PEREIRA: All right, so there again, the president of the Academy and Chris Pine talking about the nominations. We have so much to go through. Some great, great news here. We're going to discuss it in a moment with Krista Smith. We'll take a break and discuss our Oscar nominations right after a break.

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PEREIRA: Just moments ago, live from the Samuel Goldwyn Theater in Beverly Hills, we heard the Academy Award nominations. Let's break it down. We have Krista Smith, CNN entertainment commentator and senior West Coast editor of "Vanity Fair" who's been along for the ride. And guess who the cat dragged in, Nischelle Turner, CNN contributor and "Entertainment Tonight" host.

Ladies, so many things to crunch through, I think, right off the bat. Nischelle, you were there in the room. "Grand Budapest Hotel" and "Birdman," nine nominations each.

NISCHELLE TURNER, CNN CONTRIBUTOR: Yes, yes, you know, "The Grand Budapest Hotel" is one of those movies that really snuck up on everyone. It's a great movie, it really is, but some people think, wow, why do you love it? Well, it's funny, it's quirky, it's all things that the Academy loves. So, I'm not surprised by the amount of nominations for it or "Birdman," because "Birdman" has been getting a lot of industry love. Actors love this because they see themselves in Michael Keaton. I mean, a washed up actor that's trying to get his fame and his glory back, so they love this movie.

I will tell you, though, a couple of things jumped out at me right away. Yes, those movies got a lot of nominations, but I was surprised by the amount of love for "American Sniper." It didn't through the rest of the award season, but today the Academy gave it a lot of love. Bradley Cooper, a nomination for best actor, seemingly knocking David Oyelowo out of the best actor race here because David Oyelowo did not get a nomination this morning for his role as Dr. Martin Luther King Jr. in "Selma." Fittingly it is Dr. King's birthday today, as well. And, also, Jennifer Aniston not getting a nomination for "Cake," it seems that Marion Cotillard actually may have taken her place - -

PEREIRA: Wow.

TURNER: - - in that as well. So, yes. So, it's been a really interesting morning, but a good morning, of course, in Hollywood.

PEREIRA: Krista, and this is where it's important to understand the difference between Academy voters, right, and the folks that decide the Golden Globes, which are The Foreign Press Association.

SMITH: Right. Well, The Foreign Press, I think that's basically made up of about 90 journalists that come together and decide what they want. The Academy, you have everybody, all the actors are voting for the other actors. So, it's like Nischelle was saying, you look at these movies. They are really well performed, like "Birdman," and also, you know, the love for "American Sniper," "Grand Budapest Hotel," all of these actors love actors. But, I agree, the Marion Cotillard really that came out of nowhere. I think people were thinking that that slot was either going to go to Amy Adams for "Big Eyes" or for Jennifer Aniston for "Cake." So, she's a big surprise there on that end.

CUOMO: Nischelle, I'm all about who you two think is going to win here, but I do want to ask about "Unbroken." You know, I was so - - I think that's the most phenomenal survival story I've ever read, keyword read. Has not gotten the love anywhere, is that at all a surprise, or is that just the negative momentum?

TURNER: You know, a little of both, Chris, but I'm surprised by it, too. Actually, in the early nominations this morning, we did see "Unbroken" get nominated in some of the lesser categories. So, I thought well, could this be a trend for the movie in some of the bigger categories? But we did not see that with directing, we did not see it for best picture. I thought, because the Academy can name up to ten movies for best picture, I thought maybe they would squeeze "Unbroken" in there, because you can put ten pictures and they only nominated nine, but we didn't see it there.

So, yes, that is a surprise to me, as well as no nomination for "Gone Girl" for best picture. I thought that that might get a nomination as well. So, there definitely have been some things to chew on this morning here. But, you know, this is what we love about this time, because it sparks the conversation and we talk about it all the way to February 22nd, until the awards.

CAMEROTA: And, Nischelle, I want to get back to Jennifer Aniston for a second, because she's been on a bit of a media blitz for movie "Cake."

TURNER. Oh, yes. Oh, yes.

CAMEROTA: And for her not to get any award, is that a surprise?

TURNER: You know, a bit of a surprise, yes, because she has definitely been campaigning for this. I mean, a lot of times, I remember last year we were talking, Chris, a lot about "Wolf of Wall Street" and how Leonardo DiCaprio did not like to campaign to get a nomination. Well, Jennifer Aniston says, forget that, I am campaigning, because she felt like this was her signature role, she had done such a great job in it, and she felt like she deserved a nomination. A lot of people, too, and we did se her nominated for the Golden Globes. So, yes, I think that was definitely a bit of a surprise.

Also, the folks at "American Sniper" did a late Oscar push. I mean, they've been on a blitz. I just interviewed Bradley Cooper on Monday morning and Sienna Miller for this for this movie, and they are everywhere talking about this because it took him two years to get this movie made and, if you know Chris Kyle's story, I mean, it is an amazing story. You talk about a survival story with "Unbroken," this is a survival story, a man that survived four tours in duty and coming home only to be murdered by a veteran that he was trying to help. I mean, it's a wonderful story and Bradley Cooper is great in it. He really is.

PEREIRA: Krista, I want to go back to the best picture, because I think they're going to have a tough race. You have a civil war story, you have "The Theory of Everything," talking about the tremendous life of Stephen Hawking, "The Grand Budapest Hotel," we always love the work that filmmaker makes, but "Boyhood," can I talk about "Boyhood"? This film took, what, 12 years to make. You knew that Academy members had to vote for a project that was this, I don't know, robust.

SMITH: Well, of course, and it's so ambitious to do this, just that you're going to hire a 6-year-old actor and assume that you're going to be able to be with him for the next 12 years and that he would actually stick with the project.

PEREIRA: Yes.

SMITH: As with Ethan Hawke and Patricia Arquette. This is a phenomenal undertaking and, you know, Richard Linklater, he's beloved, he's a low key guy.

PEREIRA: Right.

SMITH: And it's just, I think, everyone is rooting for him and the fact that he was able to pull it off, and the movie is so moving.

PEREIRA: It is, it's a - -

SMITH: I loved it.

PEREIRA: It's a great nomination.

SMITH: Which is kind of Nischelle was talking about - -

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PEREIRA: I have to cut you off, ladies. We could talk about this all day. We know the Oscars are happening February 22nd, Sunday. Our thanks to Nishcelle Turner and Krista Smith for crunching through all of this. And, of course, we want to hear from you guys at home. Are you happy with the nominees? Let us know what you think on social media. Big day in Hollywood, a lot of excited folks this morning.

CUOMO: Well, you got that bit of news, but there's a lot more going on in the world, so let's get you to the "NEWSROOM" with Carol Costello right after a little break.

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