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New Day
Trump Falsely Claims Millions Voted Illegally; Fearful Muslim Women Take Steps to be Safe; Mortgage Rates Soar After Trump's Win. Aired 8:30-9a ET
Aired November 28, 2016 - 08:30 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[08:30:00] CHRISTINE QUINN, CNN POLITICAL COMMENTATOR: He tweeted that he lost the popular vote because of voter fraud. That's it. He said it. He can't back away from it. And I - but what I wonder, is he tweeting these crazy things so we spend the morning talking about his crazy (INAUDIBLE) -
ALISYN CAMEROTA, CNN ANCHOR: And there it is.
UNIDENTIFIED MALE: No, no -
CAMEROTA: Hold on. And there it is. And I want to bring in Ana on that because, Ana, are we supposed to take him literally about these tweets, or are we supposed to ignore them and move on to bigger issues?
ANA NAVARRO, CNN POLITICAL COMMENTATOR: Well, I don't know how you ignore his tweets. He is the president-elect. And last I checked last night, he was at 13 back-to-back tweets about the recount and alleged, inventive, fabricated, imaginary voter fraud.
I guess on, you know, one hand, you could say, well, this is actually good news. He could have been tweeting against the cast of "Kinky Boots." Instead, at least he's, you know, tweeting against something that might have some relevance.
I think what you're seeing here is very, very, simple, OK. It bothers him that he lost the popular vote.
QUINN: Yes.
NAVARRO: It bothers him that he lost the popular vote by millions and millions of votes and that it's an even growing margin. Right now it's over 2 million votes. I think that irks him. It gets under his skin. It makes him itch. And when Donald Trump has an itch, he scratches and scratches and scratches until it bleeds. And it makes all of our ears and eyes bleed.
QUINN: That's right.
NAVARRO: And that's what we are seeing. A man who is irritated that he -
CAMEROTA: Yes. NAVARRO: Can't claim to have a mandate because he lost the popular vote. A man who is irritated that Jill Stein is doing this recount -
QUINN: Right.
CAMEROTA: Yes.
NAVARRO: And Hillary Clinton has joined up.
CAMEROTA: OK.
NAVARRO: He is irritated.
CAMEROTA: Go ahead, Joe.
JOSEPH BORELLI, CO-CHAIR, DONALD TRUMP NY CAMPAIGN: But, Alisyn, to Christine's point, there were 12 tweets. And the reason why we're focused on the -
QUINN: Apparently 13.
BORELLI: The reason why we focus on the one tweet that stands out -
NAVARRO: You missed one, Joe.
BORELLI: I know, I should follow him more closely.
But the reason why we're focused on the one is because we don't want to talk about how the Clinton campaign and so many people who supported her are now finding themselves in the height of hypocrisy because of the things she said about not accepting the election results. Her -
CAMEROTA: She never said she's not accepting the election results. That's not true, Joe.
BORELLI: Oh, but her - her lawyer - her lawyer - Marc Elias is out there saying there's absolutely no evidence to support -
CAMEROTA: That's right.
BORELLI: What Jill Stein is - but we're still taking part in a recount. We're still taking part in undermining the election results.
QUINN: Joe -
CAMEROTA: Jill Stein - but, guess what, this is in the Constitution.
QUINN: Right.
CAMEROTA: This is allowed. They're - they're looking at three states.
BORELLI: So why would Donald Trump do the same thing that maybe for suggested -
CAMEROTA: He didn't say the same thing. QUINN: Oh, my God.
BORELLI: They suggested that he wouldn't accept the election results. Why was there hyperbolic shock in the media, in this room?
QUINN: You know, one - one - Joe, one might have - whoa, whoa, whoa, one might have thought when -
CAMEROTA: It wasn't the same thing. He said millions of people.
QUINN: When, though I did not think Donald Trump would win, but hypothetically one might have thought when you - you won, and he became president-elect, some of this absurd tweeting, and some of this constant deflection to other people, and to Hillary Clinton, and to Barack Obama would stop and you would actually focus on the substance and the fact and the reality. But it hasn't. And that just - I think bolsters some of what I'm trying to say, which is that there's real issues, this tweet and others, about the president-elect that we seem to skate over.
BORELLI: No.
QUINN: His long, long list of potential conflicts of interest.
NAVARRO: Look, guys -
QUINN: His son meeting with Russian officials.
BORELLI: Miss - Miss Quinn - Miss Quinn is the one deflecting -
CAMEROTA: (INAUDIBLE).
NAVARRO: OK, Joe -
CAMEROTA: Hold on, hold on, Ana.
QUINN: I'm not deflecting.
CAMEROTA: (INAUDIBLE) -
BORELLI: You're the one deflecting because if we were - if we took a time machine back, I bet if we Googled Christine Quinn and Ana Navarro a month ago, we would find sort of the same rhetoric -
QUINN: No.
BORELLI: Questioning why Donald Trump would not accept the election results. Here we are, one month later -
QUINN: Hillary has accepted the election result.
BORELLI: But you -
QUINN: This is -
BORELLI: but then why is she taking part in the recount, undermining the (INAUDIBLE).
NAVARRO: OK, guys -
QUINN: Because -- you don't understand the Constitution.
NAVARRO: OK, I -
BORELLI: I do so understand the Constitution.
CAMEROTA: OK, Ana. Ana, go.
NAVARRO: Can I just say that this - this entire debate about whether Hillary has accepted or not accepted. Folks, Hillary is in the woods of Chappaqua trying to find herself and trying to find peace.
QUINN: Yes.
NAVARRO: She is in the shopping mall, shopping market in Chappaqua buying cheese for Thanksgiving. This woman is not leading the charge for a recount effort.
QUINN: Right. Right.
NAVARRO: She has accepted this. Jill Stein raised $5 million, $6 million in a matter of two or three days because there's a lot of Americans who are very unhappy with the election results and if there could be a change, they'd like to explore it.
BORELLI: Yes.
NAVARRO: Is it going to happen? Probably not.
QUINN: Correct.
NAVARRO: Do not hold your breath. Do not bet your house on it.
CAMEROTA: Right.
NAVARRO: And just to - did Hillary Clinton simply join this? But this is a woman who's collecting mushrooms -
CAMEROTA: Yes.
NAVARRO: In the - in the woods of Chappaqua. Get off her back!
CAMEROTA: And just to put a finer point on it, the reason that Jill Stein and her supporters think that there might be some there there is because there was this discrepancy between paper ballots and the electronic ballots. And it was eye raising - eyebrow raising enough that they thought, let's look into it in these three battleground states. Fine. That's allowed.
QUINN: Yes.
CAMEROTA: That goes on. Are we supposed to take Mr. Trump literally when he tweets? BORELLI: I think sometimes you can. Sometimes you don't. But again,
the American public votes -
QUINN: How does that work?
BORELLI: The American public voted for somebody who - who wants to -
QUINN: How does that -
CAMEROTA: How do we know, Joe?
QUINN: How does that work?
BORELLI: (INAUDIBLE) more open, more willing to say what he's thinking at times -
QUINN: But he doesn't mean it? What he's thinking but not what it means.
BORELLI: People did not - people rejected - people rejected the scripted candidate of Hillary Clinton and now we have Donald Trump, for better or worse.
CAMEROTA: Yes. I think you're right about that.
QUINN: But I'm looking for honesty.
CAMEROTA: People did like that he was unvarnished.
QUINN: Yes.
CAMEROTA: I think that that is absolutely true. So how are we to know when he's being serious?
[08:35:02] QUINN: You know what, can we make an emoji? This is the Donald Trump fact emoji. This is the Donald Trump I'm scratching an itch till it bleeds emoji.
BORELLI: Look, he -
QUINN: I agree with you, people like to be unscripted and that should be noted. But people don't want to go, did he blink once? Did he pull his ear like Carol Burnett? We need to know when the president is telling the truth and when he's kind of making it up or pulling it out of his you know where.
BORELLI: Look, he - he used -
QUINN: Just give it to Melania. It don't need to know.
BORELLI: He used Twitter more effectively than any presidential candidate in the history of running for president.
QUINN: Sure and now he's president-elect.
BORELLI: And - and I understand you may not like the fact that so many people followed him, but they did and he won.
CAMEROTA: Ana, do you have a final thought?
QUINN: I just want to know the fact.
CAMEROTA: A final thought on this?
NAVARRO: Yes, look, when do we take him literally? When do we not? Well, I think out of his last 14 tweets, there's one - there's been one that you can take literal. The one where he said, Fidel is dead. It's probably the only fact he's ever tweeted in his life.
CAMEROTA: Are you sure that's true, Ana? Are we - he's been claimed dead (ph) before.
NAVARRO: You know, I've been waiting for so long - I've been waiting for so long, I want to see the body.
CAMEROTA: OK.
QUINN: Exactly.
CAMEROTA: There you go.
All right, thank you very much panel.
What's your take on all of this? You can tweet us @newday or post your comment on facebook.com/newday.
Chris.
CHRIS CUOMO, CNN ANCHOR: All right, it is cyber Monday. So do you know where the hot deals are? We got Christine Romans cutting through the clutter, finding the best bargains online.
(COMMERCIAL BREAK)
[08:40:19] CAMEROTA: Some Muslim women in America say that since the election, they dread what the future may hold. Some of them are fearful for their safety and they're taking matters into their own hands. CNN's Kyung Lah has that story from Los Angeles.
(BEGIN VIDEOTAPE)
KYUNG LAH, CNN CORRESPONDENT (voice-over): In a crowd you don't notice Marwa Abdelghani.
MARWA ABDELGHANI, MUSLIM-AMERICAN: I went from expecting to be the center of attention, to nobody looking at me whatsoever.
LAH (on camera): Did you feel relief?
ABDELGHANI: Yes, a huge sense of relief. I didn't feel like a target anymore.
LAH (voice-over): A visible target. A Muslim woman in a head scarf. Since she was a senior in high school, Abdelghani wore the traditional scarf whenever she was in public, part of her Islamic faith, culture, and identity.
DONALD TRUMP (R), PRESIDENT-ELECT: We have to stop the Muslims.
LAH: This presidential election, that changed.
ABDELGHANI: I was walking on the street, and a driver drove by me and slowed down and rolled down his window and he just spit at me.
LAH (on camera): He spit at you?
ABDELGHANI: Yes. It was getting closer and closer to November 8th. That's when I decided that I just was going to take it off for a while.
LAH (voice-over): Since the election, the Southern Poverty Law Center has tracked more than 700 hate incidents. But Muslim women say a year ago their sense of safety began to change after this picture of San Bernardino killer Tashfeen Malik went public.
SALMAR SALEM, SELF-DEFENSE STUDENT: After that, people started to see us differently.
LAH: Muslim women began taking self-defense classes, driven by fear. Now post-election, sharing tips on social media and making a searing choice, their faith or personal safety.
ABDELGHANI: The head scarf has just become something that went from being a very spiritual element of a woman's life, to being something where she has to be scared to wear it. I myself just didn't feel like I wanted to continue with that fear.
LAH: The only places where Abdelghani feels free to express that part of Islam is in the privacy of her apartment, and her mosque. To the incoming Trump administration, this young Muslim woman has this message.
ABDELGHANI: When you hold that kind of position, and you think it is OK to make these racist, Islamaphobic, sexist statements, there are people, unfortunately, as crazy as they are, who look up to you, and they will follow you, and they will act out in response to what you're saying.
LAH (on camera): Do you think you will wear it again someday?
ABDELGHANI: Yes, I hope so. I don't - I hope I can wear it one day again. I hope I can feel safe enough to do so.
LAH (voice-over): To practice one of the founding principles of America, freedom of religion.
Kyung Lah, CNN, Los Angeles.
(END VIDEOTAPE) CAMEROTA: It's an interesting story. Maybe there will be a movement where people wear the head scarf in solidarity. You know, even if you're not Muslim, maybe it's the way people shave their heads, you know, sometimes in solidarity with somebody who is going through something. Maybe you'll see a wave of the opposite happening.
CUOMO: I think self-defense training is good for everybody.
CAMEROTA: Yes, I know you're a big proponent of that.
CUOMO: I believe it.
CAMEROTA: I know.
CUOMO: Prepare yourself for whatever can come.
All right, so it is cyber Monday. Millions of shoppers are bypassing the brick and mortar stores and going online instead. CNN Money chief business correspondent Christine Romans, a quick guide how to find the best deals.
What do you got?
CHRISTINE ROMANS, CNN MONEY CHIEF BUSINESS CORRESPONDENT: All right, here's what I got. Cyber Monday, the best deals out there today are things that are rarely on sale. So don't be duped by door busters and end caps. All that stuff is Black Friday. Stay focused on these real digital deals.
One hundred and twenty-two million people are forecast to shop online today. That's according to the National Retail Federation. It's more than last year. About a quarter of those are going to shop on their phones and most shoppers will be getting up early, oh, about right now. Thirty-nine percent will shop first thing in the morning.
The results from Black Friday show consumers are being smart about what they buy. Here's what they were buying. The most popular toys on Black Friday, Lego Creator Sets, electric scooters from Razor, Nerf guns, DJI phantom drones, and the Barbie Dreamhouse makes another appearance. For the big kids it was Macbook laptops, 4k TVs and those are some of the best deals out there right now.
Amazon offering 75,000 deals today. Its best discounts maybe on its own devices. The Echo, Fire TV, the Kindle, all at least 20 percent off. Walmart has discounts on TVs from Samsung and Vizio, hundreds of dollars off on many model. And Target's offering 15 percent off your entire order in stores and online.
Keep in mind, while you're hunting for bargains, retailers are hunting for you. They are eager to sell you stuff you don't need. So, be careful. Ba humbug, every year I warn you. But don't be paying this off in February.
Alisyn.
CAMEROTA: OK, Christine, stick around because we want to talk about something else in your wheelhouse. It's called the Trump jump. If you've tried to get a home mortgage since the election, you know what we're talking about. Why did interest rates jump after Trump's victory and what does this mean for the economy? We'll discuss that, next.
[08:45:10] CUOMO: I know.
(COMMERCIAL BREAK)
CUOMO: All right, so here's what you have. The stock market is going up, but so are mortgage rates. What's going on? Why do we have these two things going together? What does it mean about the influence of the Trump election? A lot of important questions. We have answers.
CNN Money chief business correspondent Christine Romans, CNN global economic analyst, assistant managing editor for "Time" and author of "Makers and Takers," Rana Foroohar.
I don't get it, the stock market's going up. That should be good for everybody. But mortgage rates are going up. That means it's harder for me to get a house. Why do these go together?
ROMANS: This is a real person effect of the election that I think a lot of people are just starting to come to grips with. So let's look at mortgage rates. They're up 16 percent just in a couple of weeks. This is the cost of borrowing. Look at that, it's almost 4.25 percent. We haven't seen those kind of rates in a year.
So what does that mean in real money? That's just a mortgage rate chart. What does it mean in real money? If you have a $250,000 loan, right, you just take it out at 3.5 percent, your monthly payment's going to be about $1,123 a month. OK, flash forward two weeks to the rates today, 4.25 percent roughly. You're talking about more than $100 a month.
[08:50:01] CUOMO: $1,200 a year.
ROMANS: Which is $38,000 on the length of a loan. It's real money.
So this means the cost to borrow money to buy a home, and also some car loans we're starting to see as well, is more expensive. And that' because investors around the world think that Donald Trump is going to spend a lot of money in tax cuts and infrastructure and all kinds of stuff. That's going to increase borrowing. And when you increase borrowing at the government level, that means interest rates start to rise.
RANA FOROOHAR, CNN GLOBAL ECONOMIC ANALYST: Exactly. I mean there's good news and bad news here, right? I mean the good news is that growth, economic growth, may be higher next year. There's an expectation that his infrastructure plan in particular could create some jobs and be good for the economy. The problem is, when you get growth, you also get some inflation, right? And you get the dollar going up. U.S. exports become more expensive abroad. That can be bad for companies. I mean it's a real seesaw act here.
CUOMO: A little bit of it is chickens coming home to roost, though, right? You've had the government doing all of these -
ROMANS: Yes.
CUOMO: Weird things to keep rates low. They call it quantitative easing. They have all these different phrases.
FOROOHAR: Yes. Easy money.
CUOMO: And now there's been talk for a while that that needs to be reversed. Why?
FOROOHAR: Yes. Well, you know, basically, central bankers have been running the economy for the last eight years. We've had all this easy money. $4 trillion has been dumped into the economy by the Fed. This was a big issue in the election. Most economists feel that you need the president, Congress, to really stimulate the economy in the form of fiscal policy, tax cuts, infrastructure spending. That's what we're hearing.
ROMANS: Right.
FOROOHAR: Now the question is, is this going to be just a short-term sugar hit or is this really going to create some underlying growth for the next few year.
ROMANS: Right.
FOROOHAR: And the jury's out on that.
ROMANS: The argument (ph) for me is that, you know, Janet Yellen and her colleagues at the Fed have been saying, look, we can't do this alone. We have to have, you know, an actual - coordinate the policy in Washington -
FOROOHAR: Yes.
ROMANS: To get the economy going. Now, it is Donald Trump who has been critical of the Fed who may by the one that ushers that in.
FOROOHAR: I mean -
CAMEROTA: But what does this mean for regular, middle class, or working class voters, and people?
FOROOHAR: Yes.
CAMEROTA: So the growth of the country might do better. That's good for everybody, right, and for jobs.
FOROOHAR: It is.
CAMEROTA: But it's harder to buy a house and harder to buy the things to put in your house.
FOROOHAR: That's right. And, you know -
ROMANS: More expensive too.
CAMEROTA: More expensive, that's what I mean.
FOROOHAR: Right, more expensive.
CUOMO: If you borrowed especially.
CAMEROTA: Well, of course.
FOROOHAR: That's right.
CUOMO: We have to see what happens with prices. We have to see if Donald Trump actually does things that make businesses make more of their products here, because if they do, their cost structure will go up -
FOROOHAR: And -
CUOMO: What it costs them to make will go up and then they'll raise their prices.
FOROOHAR: And -
CUOMO: But we have to see.
FOROOHAR: Right and will wages go up? I mean it's possible that we could see jobs being created without a lot of wage inflation. And if you don't have more money in your pocket, and your borrowing costs are increasing, that is -
ROMANS: I suspect that wages are going to start rising. I was talking to some CEOs last week who were talking about an infrastructure bill. They say, look, you know, we don't have the workers to do this. Donald Trump may think there's millions of people out there who are looking for work, but they're worried, the CEOs are worried about finding workers to do some of these infrastructure bills. And I said, are you going to have to raise wages? They said, obviously we're going to have to pay up for any kind of talent that we want, which would suggest higher wages are coming, which hopefully would offset, you know, the higher cost of buying a home.
I will say this, I've been watching for some time to see if first time home buyers were going to get in on the housing game. In the housing market recovery, first time home buyers have not been the big players.
FOROOHAR: Yes.
ROMANS: It's the investors. It's been second homes.
FOROOHAR: Yes.
ROMANS: It's been people paying with cash.
CAMEROTA: So even though interest rates were low, first time buyers couldn't get in?
FOROOHAR: No.
ROMANS: They weren't. They were still tight lending standards or they just didn't have the financial ability yet. More recently I've seen first time home buyers are now about a third of all home sales, and that makes me happy again.
CAMEROTA: Yes.
ROMANS: So you worry about stamping that down just as the first time home buyers coming in.
CAMEROTA: Yes.
CUOMO: It also tells a story that, you know, people don't pay enough attention to, which is the difference between what's good for Wall Street and what's good for main street.
FOROOHAR: Absolutely.
ROMANS: Yes.
FOROOHAR: Absolutely.
CUOMO: You know, oh, these companies are going to start making more money. That's great. Stocks go up, right?
FOROOHAR: Yes.
CUOMO: Because that's a function of what the value of the company is. But that doesn't mean it's good for you.
ROMANS: (INAUDIBLE) -
FOROOHAR: Right. And the -
ROMANS: (INAUDIBLE) good for savers though. I will say, people, especially people on a fixed income, elderly people, for a long time have had no return from their savings. If interest rates start to rise, that finally helps the savers again. So that is something that we need.
FOROOHAR: I think there are two things here. I think the idea of an infrastructure program is a good thing for the country. I mean most people on the right and the left would agree with that. Tax cuts, I'm not so sure about. I mean if you look at the last 20 years, big taxes have actually not created a lot of extra road (ph) -
CUOMO: Everybody wants their taxes cut though.
FOROOHAR: Everybody wants their taxes cut.
CUOMO: Politically, it just sounds good.
FOROOHAR: I know. I know, but -
CAMEROTA: And infrastructure programs, sure it's great to have infrastructure.
FOROOHAR: Yes.
CAMEROTA: There are things that are crumbling.
FOROOHAR: Yes.
CAMEROTA: We could certainly use a face-lift. But we just had Senator Lankford on to say, you know, there are all sorts of Republicans who have fought any stimulus spending -
ROMANS: Yes.
CAMEROTA: Any more spending. So we don't know how the president plans -
ROMANS: But some of those numbers he was giving out were rounding errors on rounding errors on rounding errors.
FOROOHAR: Oh, absolutely.
ROMANS: When you look - waste fraud and abuse is always - it's so easy to say I want to get rid of waste, fraud and abuse but we're not going to fix our financial problems getting rid of (INAUDIBLE).
FOROOHAR: Right. No, and -
CAMEROTA: Absolutely. I mean separate and apart from the fixing the waste, fraud and abuse. The - in terms of the spending war, the jury is out on whether or not there's an appetite for that in Congress.
FOROOHAR: And we have to fund the right stuff.
ROMANS: Right. Exactly.
FOROOHAR: That's a big deal.
ROMANS: Exactly.
FOROOHAR: We have to make sure that the things (INAUDIBLE) -
CUOMO: That's why that pink book exists. That pink book exists because what Rana's question is, funding the right stuff, often winds up -
ROMANS: Oh, yes.
CUOMO: Being the right stuff for that person -
FOROOHAR: Exactly.
CUOMO: In their home district and doesn't help everybody else.
CAMEROTA: Sure.
FOROOHAR: Exactly.
CAMEROTA: Sure.
[08:55:02] CUOMO: But the headline is, you're going to start to see more and more dissociation between these indexes, you know, like those - the Wall Street -
ROMANS: Yes.
CUOMO: Stock market.
FOROOHAR: That's totally right.
CUOMO: And your borrowing rates because the government's been dumping money into the economy for a long time and everybody knew this day was going to come.
ROMANS: This day was coming.
CAMEROTA: Ladies -
ROMANS: Higher rates are coming, folks.
FOROOHAR: Chickens roosting.
CAMEROTA: Thank you.
Don't make me hungry. Thank you.
CUOMO: What do you say, a little "Good Stuff" on a Monday? We have a great one. Stay with us for it right after this.
(COMMERCIAL BREAK)
CUOMO: All right, you ready for a good "Good Stuff"? Here it is. Meet Jeff Guston (ph). His mission is to help our nation's heroes. Jeff, along with a ton of his buddies, teaming up to build home for veterans who need a temporary place to live. That's what you're seeing right now. Yes, it's too small for a regular house, but it's enough for a quick fix.
(BEGIN VIDEO CLIP)
JEFF GUSTON: And for me to be able to give back to those men and women who secured my freedoms, that is the whole reason that everybody that's involved with this project does it.
(END VIDEO CLIP)
CUOMO: All volunteers. You know, whether it's supplies for labor, it's called the Veteran's Outreach of Wisconsin. They're building 15 of these little tiny homes. But the theory is, once they get the individual units together, they're going to put a community center that they're rehabbing right now, that they picked up from the municipality, to service all of the larger needs of that community. Awesome, right?
You want to help? You can. Jeff says they're accepting donations, cash, furniture, food. If you want to see what you can do, you can head to their FaceBook page. Veterans Outreach of Wisconsin.
[09:00:05] CAMEROTA: Fantastic. Thank you for that "Good Stuff." 0
Time now for "NEWSROOM" with Carol Costello.
Good morning, Carol.
CAROL COSTELLO, CNN ANCHOR: Good morning. That was good stuff. Thanks so much. You guys have a great day.
NEWSROOM starts now.
