Return to Transcripts main page

New Day

Wells Fargo CEO Forfeits $41M, Keeps Job; California Police Shoot & Kill Black Man; Clinton & Sanders Join Forces to Reach Millennials. Aired 6:30-7a ET

Aired September 28, 2016 - 06:30   ET

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

(COMMERCIAL BREAK)

[06:31:04] CHRIS CUOMO, CNN ANCHOR: Time now for five things to know for your NEW DAY.

Number one: Israeli and leaders around the world mourning the death of Israel's former president, prime minister and Nobel laureate Shimon Peres. He was 93 years old.

ALISYN CAMEROTA, CNN ANCHOR: An unidentified black man shot and killed by police in El Cajon, California. The suspect allegedly pointing an object at officers before they opened fire. Police releasing this still frame from cell phone video. They say no weapon was found.

CUOMO: Donald Trump on a campaign swing across the Midwest today, making stops in Illinois, Iowa and Wisconsin. Meanwhile, Hillary Clinton shares the stage with Bernie Sanders at an event on a college campus in New Hampshire.

CAMEROTA: Eighteen states teaming up with homeland security ahead of election day to help improve cybersecurity. The move comes in the wake of recent suspected breaches blamed on Russian hackers.

CUOMO: Elon Musk, the SpaceX guy laying out his plan for putting humans on Mars. The founder unveiling the company's interplanetary transport system that includes a spaceship designed to carry 100 people per flight to the Red Planet. He says travel could begin in 2024.

CAMEROTA: Any interest?

(LAUGHTER)

CUOMO: For more on the five things to know go to CNNNewday.com for the latest. Right now, I would take it and I would pay everything just to get out of this election cycle.

(LAUGHTER)

CAMEROTA: Time for CNN Money Now, chief business correspondent Christine Romans is in our money center with the latest on the Wells Fargo scandal.

What is the latest?

CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: Well, Wells Fargo finally holding executives accountable for that fake account scandal. The CEO John Stumpf will forfeit most of his salary this year, including his bonus and $41 million in stock awards. He is keeping his job.

Btu Carrie Tolstedt, who headed that unit under scrutiny during those years of that culture of upselling and cross selling, she is out ahead of her scheduled retirement. She will not receive a severance, but could walk away with $77 million in stock and options for over her tenure there.

The company's board said Tuesday it is launching an independent investigation into the sale practices. The stock is struggling and now at a 2 1/2 year low.

And, Alisyn, a lot of people are asking, why is it starting an investigation today? This is a month in the making here and many years of problems there.

CAMEROTA: A lot of questions, Christine. Why does he get to keep his job and why does she walk away, Tolstedt, with $77 million? That's not a consolation prize. That is a huge sum.

ROMANS: They're going to roll back her pay for the years that were under scrutiny. She spent a long time, she prior had prior years of bonuses and pay and that she had deferred that compensation.

CAMEROTA: All right. Thanks so much for explaining it to us, Christine. Great to see you.

Let's talk about the story that we've been covering this morning. Protests into the night in San Diego County over a deadly police shooting of a black man. Is this one excessive force or is this a justifiable shooting?

We're going to take a closer look at a former federal prosecutor and ex-New York City police sergeant. What do they think? Next, on NEW DAY.

(COMMERCIAL BREAK)

[06:38:06] CUOMO: Anger is building in the San Diego area this time over the deadly police shooting of a black man. This time, a 30-year- old who friends say suffered a mental breakdown. Authorities did release a picture quickly from a cell phone video taken by a witness.

Officers say the suspect did what you see on your screen. Took some object out of his pants after being commanded not to do so and see to frame up to fire. And then the police fired first and no gun was found at the scene. The man is dead.

Let's take a closer look at the situation, what's the right thing to do, what is the wrong thing to do?

Laura Coates, CNN legal analyst and former federal prosecutor, and Joe Giacalone, former NYPD sergeant and a professor at John Jay College of Criminal Justice.

On the outside, this seems like a simpler case. Sometimes people will call this suicide by cop. You're commanded not to do something, you pull something out and pretend you're in a firing position. You're going to get shot in that situation most of the time, no, Joe?

JOSEPH GIACALONE, LAW ENFORCEMENT TRAINER: Yes, you are. This is something where it's a little more cut and dry and I think the police department has learned from some of the mistakes we saw in Charlotte, trying to get some of this information out there quickly. If you make a movement like that as an armed confrontation, strong likelihood is that the person is going to be shot.

CUOMO: I mea, is there another way to look at this in terms of what the law has, with your background as a prosecutor. What questions come to mind in terms of vetting this as justified or not?

LAURA COATES, CNN LEGAL ANALYST: You know, what happens for every prosecutor, either if it's a civilian shooting or police officer- involved shooting. The question is always the same. Is the person reasonable to fear as if they had lethal force about to be used against them?

And there are a number of factors go into play. One, of course, is what your guest is talking about, in terms of that sudden gesture, sudden gesture. But this case a tendency when you have police- involved shootings, given the climate right now that we have, to lump all these cases together and not look at them as a case-by-case, fact- by-fact basis.

[06:40:03] In this case, you have a shooting, if that particular still footage is genuine and it conveys what really happens on the scene, then you do have the spectrum shift back in favor of officers in a justified shooting. But you have to look at more than just that. I have to say as a prosecutor, what else happened? Is that video true in fact? Is it a matter of the perspective, is the vantage clear? Does it capture a moment in time that shows the actual shooting or a delay even after that? Those are factors you're thinking about.

CUOMO: Even the idea of what you said earlier, Laura, this furtive movement. From the officer's description, he's not furtive at all. He wasn't trying to be sneaky or hide, he's being very obvious and flagrant and, that's what obviously triggered their response.

Now, Joe, a couple other layers to this. One, transparency. Oh, this is good. They put out the witness video. However, they finished a pilot program and they have the money for the body cameras and they didn't do it.

There seems to be a foot dragging thing here that you explained in the past, well, there's an old school mentality. Is that all it is or is there something here that is resistant to this type of change that should be unacceptable?

GIACALONE: We have to get these body cams out there. But it has to be for every officer. We saw in the officer shooting in Charlotte. The one officer that did the shooting didn't have one on.

It's either all or nothing. It's come to the point where we have to start scratching our heads and saying, you have cameras sitting in the drawer or a closet. Put these things out there --

CUOMO: Why do guys not want it? Men and women on the job, what would be their resistance?

GIACALONE: I think the police departments. I think most police departments want to have them because it would help their cases most of the time.

CUOMO: Laura, if they want to have them, and they have the money and they're doing the pilot programs that we keep seeing again and again that they don't have them or don't turn them on or they say they don't function, what does that suggest?

COATES: Well, many officers don't want the idea of big brother watching them because as officers will tell you, a lot of their work is not pretty. It's not for the faint at heart and not for the dainty minded, right?

So, the idea of what they do on a day-to-day basis is under scrutiny, as it always is, is one reason they don't want to have it. However, it helps an officer, as much as help as it helps a civilian in deciding what happened in a particular case. But it does look more and more suspicious when you have officers who are selectively using them or turning them on or having delayed audio that actually accompanies the video.

What it does is put officers who otherwise might be justified or otherwise might not be deserving of skepticism. It puts them in a position to say, listen, I doubt that your motives are pure. And it makes you think that there is an ulterior motive for trying to deceive the public.

One other aspect to this case that brings up a common theme, nothing to do with justifiable shooting. The family member is obviously distraught screaming in the background. I asked you to come help. If it is true that the call that came in was, he lost it. I don't know if it is a mental breakdown or whatever it is, there does seem to be a consistency of this same training and response protocols used with mentally ill people as you see wit non-mentally ill people.

I remember when we were out in Ferguson, there was this guy walking around who everybody knew was crazy who was in this store and he pulled a knife on cops and they shot and killed him. Do we need to start training differently or more for dealing with people who are, in fact, mentally ill?

GIACALONE: They shouldn't have done it all along. Mostly disturbed people which the police use term EDPs for, is something that is a special category that has to be dealt with on a daily basis. There are so many people in our communities that have mental health issues that the police departments pretty much should have been on the ball with this right from the beginning. New York City going back, if you remember, Eleanor Bumpers was the case that started it.

So, it's something that has to be commented.

CUOMO: Joe, Laura, thank you very much. Appreciate it.

Alisyn?

COATES: Thank you.

CAMEROTA: Chris, as you know, they say there's no crying in baseball, but you could make an exception for one couple that had an entire stadium and a national TV audience feeling their pain. That's next.

(COMMERCIAL BREAK)

[06:48:04] CUOMO: Do you hear that? That is the sound of many, many Texans fans going, oh, no. Defense player of the year JJ Watt may be done for the season.

Andy Scholes has more in this morning's "Bleacher Report".

I thought the guy was indestructible. What a blow to this team if it's true.

ANDY SCHOLES, CNN SPORTS CORRESPONDENT: Oh, man, Chris, you know, do you ever wake up to a sports alert on your phone and just start crying? Yes, that was me this morning because I'm a big Texans fan.

According to multiple reports, JJ Watt reinjuring his back last Thursday against the Patriots. He's now going to be placed on injured reserve. He's going to miss a minimum of eight weeks, likely going to be out the rest of the season.

Watt came back early after surgery in late July to repair a herniated disc. Watt has never missed a game in his NFL career.

.S. Ryder Cup team taking a picture. Tiger Woods vice captain. He's not playing. Check this out, they kick him out of the picture, not once. That picture there, only for players, Tiger. Little awkward but he laughed it off. Tiger is planning to play competitively for the first time this year next month.

All right. Finally during last night's Yankees/Red Sox game a boyfriend got up to propose to his girlfriend in the middle of the fifth inning. One problem though, he dropped the ring. Check out the whole section, helping him look for it. This all went down on the big screen, at least for the first part of it.

Eventually, as you can see, they found the ring. The entire section and everyone around goes crazy. They actually found it in the cuff of his girlfriend's pants. He proposed and she, of course, said yes.

But, guys, can you imagine, I bet that five minutes was the longest five minutes of that guy's life when they could not find the ring.

CAMEROTA: Oh, my gosh. That's horrible. Thank goodness somebody spotted it in the cuff of her pants.

CUOMO: Good practice for marriage, too. She was not blaming him during that. You've got a good one, my friend.

[06:50:01] You've got a good one.

CAMEROTA: Unexpected things happen, Andy. Thank you very much.

All right. Up next, how are millennials feeling about Trump and Clinton?

Well, we have one of Bernie Sanders most loyal millennials to explain what they want.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

HILLARY CLINTON (D), PRESIDENTIAL CANDIDATE: And we're seeing voting rates African-Americans, Latinos and young people going up, because every election is about the future and, honestly, it's more about the future of young people and children than it's ever been.

(END VIDEO CLIP)

CAMEROTA: All right. That was Hillary Clinton trying to fire up millennials. Bernie Sanders will join her on the trail today in New Hampshire. What will he tell his loyal followers to do?

Let's discuss with CNN political commentator and former national press secretary for the Sanders campaign, Symone Sanders.

[06:55:04] She now supports Hillary Clinton. And Steve Olikara, he's co-founder and president of the Millennial Action Project.

It's great to have both of you here with us.

Let me pull up some numbers of the latest polling about millennials, so that I can show all the viewers where they are today. This is a Quinnipiac poll and it shows since August. So, from August to September, the millennial support for Hillary Clinton has dropped, from 48 percent to 31 percent. It has ticked up a tad for Donald Trump from 24 percent to 26 percent.

Gary Johnson is the big beneficiary here, 16 percent to 29 percent, Jill Stein getting 11 percent to 15 percent.

Symone, why aren't millennials bonding with Hillary Clinton?

SYMONE SANDERS, HILLARY CLINTON SUPPORTER: So, what we have to remember that a lot of millennials are just now tuning in. In the last one to two months that you cited these polls, that is when they're just now tuning into this election and not politicos like us that have been in for a year. And 46 percent of millennials identify as independents. They're not necessarily loyal to a party and they don't like what they're seeing in this election.

It's not -- a lot of them don't like Secretary Clinton even though her policies are the best for them. It is really they don't like the system.

CAMEROTA: Why not?

They think she represents the system.

SANDERS: I think they -- well, when you look on television and on the newspapers, a lot of times up until recently what we have heard is that Donald Trump is a racist, he's a bigot, he's bad and Hillary Clinton is saying I'm better than the other guy.

Millennials want to vote for something and not against somebody else. That's the message they need to hear. What you have heard Secretary Clinton and her team do especially over the last four to five weeks is talk more about the issues, talking about millennials having families. Millennials aren't just college students. They have families.

CAMEROTA: I think we define them as 18 to 34, 35 year olds.

SANDERS: Yes, that's an extremely wide range. Millennial voters went hard for Bernie Sanders not just because they loved who he was. Bernie was a white man from Vermont that many of them hadn't never known before, but he was right on their issues, and whatever your issue was, Bernie Sanders was talking about it.

CAMEROTA: Steven, what do you think the big issues are for millennials?

STEVE OLIKARA, PRESIDENT, MILLENNIAL ACTION GROUP: Well, I agree we need to be talking about the issues but the big issue we haven't been talking about is how we can fix our political system because the problem is the majority of millennials don't believe politics can solve the problems that we face. We have historic levels of disillusionment.

And I think that's why you're seeing this level of distrust for both candidates and I believe that despite Secretary Clinton having some proposals that are worthwhile on campaign finance reform and how we reform the electoral process, she needs to emphasizing those more. I wish they came up in the debate, but they didn't.

Our generation needs to believe in an affirmative economic case but also an affirmative political case for us to get involved in this election.

CAMEROTA: Bernie Sanders is going to hit the campaign trail with Hillary Clinton and yesterday he spoke to our Manu Raju about what pitch he'll be making to millennials. So, listen to this.

(BEGIN VIDEO CLIP) SEN. BERNIE SANDERS (I), VERMONT: Well, I think when people throughout this country, not only younger people understand that she has a proposal, which is going to make public colleges and universities tuition free for all families earning less than $125,000 a year, that is a big deal. And I think when people fully understand the contrast, the difference of opinion between her and Trump on climate change where Trump thinks climate change is a hoax.

(END VIDEO CLIP)

CAMEROTA: So, college and climate change. Is that how you would define some of their big priorities, Symone?

SANDERS: Yes, I think college and climate change, but also criminal justice reform. If you look at the polling and the data, young people across the board, white, black, Latino, Asian American, Native American and otherwise, have cited that criminal performance are important to them. Jobs are important to young people.

So, those are things that Secretary Clinton needs to be out there talking about. Her millennial team is out there talking about that work and they have to get off college campuses and they know that now, and they're out there doing. I saw some happy hours at the Clinton campaign out there doing and because there are folks that are voting that are not on college campuses.

CAMEROTA: Steven, I know you said they don't like the establishment and you can see that reflected in Gary Johnson's numbers. He's getting 29 percent right now. But is there an understanding that at the moment, a vote for Gary Johnson would help to elect Donald Trump. The support that they're giving him is being bled from Hillary Clinton.

OLIKARA: Yes. A lot of people are talking about that and understand both, you know, Secretary Clinton's campaign in particular, is trying to advance that narrative. But if you look at the polling in a four- way race, Governor Johnson and Jill Stein are drawing equally from both Donald Trump and Secretary Clinton.

And, you know, I'm not endorsing Governor Johnson, but I believe it's important for our generation to vote for people that we believe in and I don't buy into the narrative that a vote for a third party is a vote against Secretary Clinton because, guess what, the Donald Trump campaign is saying the same exact thing for their supporters.