Return to Transcripts main page

New Day

CNN Poll on Mental Health; Stock Surge Despite Grim Warnings; Tom Brady and Gisele Bundchen Hire Divorce Attorneys. Aired 6:30-7a ET

Aired October 05, 2022 - 06:30   ET

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

[06:30:00]

DR. TARA NARULA, CNN MEDICAL CORRESPONDENT: Over politics and about 25 percent pointed to loneliness. And just over all, about one in three noted some anxiety in the prior year, about 20 percent depression and loneliness and 20 percent said they couldn't go to work because of a mental health condition or problem over the past year.

JOHN BERMAN, CNN ANCHOR: That's quite a list right there, the reasons.

What are some of the barriers to getting care?

NARULA: Right. Well, and that's really the question we all need to answer is, how can we fix this? And so, when they looked at what people identified, about 80 percent pointed to cost, not surprisingly. I have so many people tell me, I can't pay $500 for a therapy session. Many also pointed to insurance. Either insurance didn't cover it in the same way they cover physical illness or insurance didn't cover the provider. Another percentage -- high percentage identified stigma, which is unfortunate to hear that. And then about 50 percent identified just a general lack of providers, right. There are just not enough. And I hear that often too, people saying, I can't get an appointment, I can't find someone.

But I think this is also important, and stood out to me, about 35 percent of people said they didn't feel comfortable talking to family or friends about their own mental health problems. And why? Because they felt they would be judged. They felt they might not be received with compassion. They didn't want to be a burden.

So, we need to do a better job as families, as friends, of making people feel that it's OK to bring this up. And, in fact, the people polled also highlighted the fact that individuals and families need to take an equal role in solving this as do health care providers. So, I think there's a lot that we can do, you know, as a community for others.

BERMAN: That's interesting because I think we are doing a better job talking about mental health and taking stock than we were, but maybe not good enough, which gets to an issue we've talked about before, which is, when you look at these numbers, 90 percent say we're in a mental health crisis. Is that because more Americans are having mental health problems or is it because we are finally recognizing the challenges that we face? NARULA: I think, John, we don't have a clear answer to that. Certainly

we're seeing numbers go up. We're seeing people feel more comfortable about talking about it. But I think it's a combination of both.

And there were actually specific groups that in this survey really reported poorer mental health and those groups were the younger ages, which we've talked a lot about, 18 to 29, the LGBT community, those with poor physical health, and then there was also those who had economic or financial hardship, in particular those who made less than about $40,000 a year.

And financial stress was really kind of at the top of the list. But, again, I think one other thing to highlight that we don't often talk about is, what happens to family members of those who have mental health problems? About half of the people surveyed said they had a family member who had a significant mental health problem in the last year, and that affected their own mental health, their own finances, their own relationships. So, it's kind of this ripple effect. But it's not - it's not a good picture.

BERMAN: No, no, but it's clearly something we should all take on because it benefits all of us, as you said, because there is this ripple effect.

Dr. Tara Narula, really interesting stuff. Thank you very much.

NARULA: Thank you.

BERMAN: U.S. markets surging in an October relief rally after the September selloff. Christine Romans is here with what we need to make of all of this, because I need to know.

Plus, sources tell CNN that Tom Brady and Gisele Bundchen have divorce attorneys now. They have hired divorce attorneys. The details ahead.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: Swung on, there it goes. Deep left, it is high. That is far. And it's gone! Number 62.

(END VIDEO CLIP)

BRIANNA KEILAR, CNN ANCHOR: Aaron Judge hits number 62 to become the new American League single season home run king. The Empire State Building marking the milestone with 62 seconds of pinstripes.

(COMMERCIAL BREAK)

[06:37:37]

BERMAN: New data from the Treasury Department shows that the U.S. national debt now tops $31 trillion for the first time. When former President Obama took office in 2009, the debt was $10.6 trillion. When Trump took office, it was $19.9 trillion. And when President Biden took office, it was $27.8 trillion. As we said, it's now $31.1 trillion. It does come as the U.S. is facing high inflation, rising interest rates and economic volatility.

KEILAR: A surging stock market to kick off a new month. Stocks rallying for a second day in a row Tuesday, including the Dow, which is no longer in bear market territory.

Joining us now is CNN chief business correspondent Christine Romans.

Christine, what's going on here? Was this just a one-off for the market?

CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: You know, hello October, Brianna. A reminder that stocks can go up, not just down. Also a reminder that stock markets can be erratic and irrational.

This monster two-day rally has the fourth quarter starting a lot better than the terrible third quarter for investors. The Dow rallying more than 1,500 points in just two days. And the S&P 500 posting its best two day gain since 2020.

Now, the backdrop here, bear markets and big losses this year for stock market investors, especially those of you invested in tech stocks. The S&P 500 is coming off of three down quarters in a row. That hasn't happened since the crisis in 2008. There's deepening gloom about whether the U.S. can avoid a recession amid the Fed's big rate hike campaign. And more rate hikes are almost certain. Virtually none of this you can control, right?

But I think the last couple of days are a reminder to stay invested for the long term. And, drum roll, please, what you can control, dollar cost averaging. When stocks fall, and investors consistently add to their stock holdings you're buying stocks on sale. It's a good thing. In volatile markets, consistent investors make money and build wealth, Brianna.

KEILAR: You always tell us a silver lining.

ROMANS: I know.

KEILAR: Which I appreciate.

What is the -- what's the Fed's approach going to be here?

ROMANS: Yes, and what's going right here in the last couple of days that's different, right? Well, job openings fell sharply. There are still 10 million, that's a lot, but that's down a million. And it might mean the Fed's medicine, Brianna, s starting to work.

A mix of other things that were friendly for the stock market, bond yields fell a little bit from ten year highs. The Australian Central Bank raised rates a little less than expected. The euro rose a bit. A lot of sort of excuses out there.

[06:40:02]

Despite gloom and pessimism from CEOs, there are those, like the president of the San Francisco Fed, who they still think there is a path to a soft landing.

And, finally, the selling may just have been overdone. It might be as simple as that. The S&P 500 is almost to the typical bear market downturn of about 30 percent, meaning the worst may already be baked in.

In October, the calendar is a bear killer. On average, since 1932, October is the month where major market bottoms happened. So, let's take a look at stock futures right now. They're down slightly, right? So we'll have to see where that ends up.

But this is the start of the best quarter since 1938.

Brianna.

KEILAR: Silver linings with Christine Romans. Thank you so much.

ROMANS: You're welcome.

KEILAR: Divorce lawyers hired. All options being considered. Tom and Gisele's marriage taking a troubling turn.

And this.

(BEGIN VIDEO CLIP)

LORETTA LYNN, MUSICIAN (singing): Well, I was born a coal miner's daughter, in a cabin on a hill in Butcher Holler.

(END VIDEO CLIP)

KEILAR: The world of country music, the world of music suffering another loss of a legend.

(COMMERCIAL BREAK)

[06:45:10]

KEILAR: New York Yankees' star Aaron Judge hitting his 62nd home run of the season, breaking the American League record set 61 years earlier in 1961 by Roger Maris.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: Swung on. There it goes! Deep left, it is high! It is far! It is gone! Number 62 to set the new American League record!

(END VIDEO CLIP)

KEILAR: He is now in seventh place, as Berman likes to emphasis over and over again, on the all-time list. Here's Judge after Tuesday's game.

(BEGIN VIDEO CLIP)

AARON JUDGE, NEW YORK YANKEES PLAYER: Had a good feeling off the bat. You know, I just didn't know where it was going to land or what it was going to hit. And, you know, there's a good sense of relief once it -- I saw it land in that fan's glove. And, you know, we're up 1-0.

I never tried to think about it as pressure. You know, I tried to enjoy every single moment and, you know, not really think about, hey, they're all on their feet for you to go see you hit a home run. I try to think about, hey, they're -- they're here to see an exciting ballgame and see something special. So, you know, just having that mindset kind of helped me, you know, stay pretty calm.

(END VIDEO CLIP)

KEILAR: Yes, they were all on their feet. That includes you, right, Berman?

BERMAN: He's a terrific guy. He really is. And congratulations to him on sole possession of seventh place on the single season home run list.

All I'm saying is that we don't talk about American League or National League records anymore, unless it's someone who plays for the New York Yankees, in which case it's some exalted like special elite group. It's just because he plays for the Yankees. If it were the Royals, this would be like an afterthought on page 30 of the sports section. But --

KEILAR: You think so?

BERMAN: I do. I do. But he is a terrific player. He's having one of the all-time great seasons of all time.

There's also the steroids aspect of this, but no one admits to that. No one says, oh, it's because everyone else was maybe using performance enhancing drugs. They just sort of say American League record, which isn't really that big of a deal anymore. But, hey, he's a great guy. He could win the triple crown. Congratulations to Aaron Judge.

KEILAR: A lot of qualifications.

BERMAN: Yes.

KEILAR: I will say, unqualified, congratulations to him.

Ahead, Bob Costas is actually going to join us. He's going to weigh in on this incredible home run record.

BERMAN: He's going to talk about all the other American League records that are still standing and have yet to be broken.

KEILAR: It's a - look, it's a tough -- I get it, Berman, it's a tough morning for you considering this next story.

BERMAN: It is.

KEILAR: So, I'm just going to -- I'll just leave it at that. BERMAN: From the American League, I guess, to the NFC.

Tom Brady and Gisele Bundchen appear to be a step closer to officially calling it quits. Sources tell CNN that the Super Bowl champion, the seven time Super Bowl champion, and his super model wife have each hired divorce attorneys.

Want to bring in CNN entertainment reporter Chloe Melas and attorney Deborah Blum.

Chloe, first of all, what exactly is happening and how did it get here?

CHLOE MELAS, CNN ENTERTAINMENT REPORTER: Yes, well, I'm the bearer of bad news this morning. And so, look, they were together -- they've been together for 13 years. And, you know, Gisele recently came out in "Elle" magazine and she said, I have put my life, my career, my hopes and dreams second fiddle to Tom while he has been pursuing his NFL career.

Remember, he announced his retirement last year, this past year, came back 40 days later. They were spotted together in Europe over the summer. You know, they have been spotted together -- not together in recent weeks. We know that they've been living separately. We know that she has not been back to the marital home in Tampa and he has been spotted at some of their children's, you know, sporting games and things like that. She's been spotted out separately with the children.

But, unfortunately, it looks as this - looks as if maybe this marriage might be coming to an end. And that, yes, they have hired divorce attorneys. And a source tells me that they are exploring their options right now.

BERMAN: One thing I just want to point out about them is they both have seemed to the public to be very attentive parents over the course of their marriage. They both seem to be very open about discussing their marriage publicly and their relationship. So, this makes it somewhat different than other celebrity relationships we've seen.

Deborah, a divorce, if it does - well, first of all, just because they've hired lawyers do you think that means they're definitely getting divorced?

DEBORAH BLUM, ATTORNEY AND LEGAL COMMENTATOR: That doesn't always mean that you're going to get a divorce. You could be looking into your interim solution. So, they might be having some issues with custody schedules or they might want to find out what their rights are.

So, in Florida, that's a state where they use a law called Equitable Distribution, which means, in Florida, that they would have a 50/50 split of their assets that are marital assets unless that would be inequitable.

BERMAN: They both happen to be wicked rich in their own right. I mean Tom Brady has, what, made I guess roughly $450 million playing football. He's got a huge contract coming up from when he retires football. She, I think, is the highest paid supermodel ever? So, I mean, does that make it easier to divide the assets?

BLUM: No, a divorce is never easy.

[06:50:01]

And my advice to them would be to keep doing what they're doing, which is to really focus on their children and really try to work together and work it out amicably. They'll likely going to have near a 50/50 split. So instead of fighting tooth and nail over which person has which asset, they should try to do this and wrap it up and move forward into the next chapter of their life.

MELAS: It's clear that football played a huge role in this, John. She was elated. They'd released these statements after he came out and said I am hanging up my football cleats and I'm going to focus on the family. And he has even spoken in interviews saying that he hasn't been able to be present for weddings and funerals and big family moments because of football.

But I do have people close to me saying that he is there for his kids. He has been a good dad. He has been a good husband. And, after, he came back out of retirement, 40 days later, they were spotted together kissing in Europe, holding hands, looking happy together. So, really the big question for fans and people who closely follow this couple's every move is, what happened over the summer? What was that breaking point moment? Because they looked happy even after he said, all right, I'm going to go back for another season of football. I said I'm going to play one more season. So, why can't she just wait one more season if football is the issue?

So, we don't really know, but we do know, they have hired attorneys. They're exploring all options. Maybe, like you said, they'll be able to figure this out and get rid of the lawyers and see this through.

BERMAN: Maybe he can't wait one more season. We just - we just don't know.

MELAS: Yes.

BERMAN: We do know he took this mysterious 11 days off from training camp in August.

So, if lawyers do get involved, what's the process?

BLUM: Well, we know that lawyers are involved. But the process will be whether they go into court or not or they work through their issues without court intervention.

So they do have a lot of assets, as we know. And they'll have to work on dividing them up. Who's ultimately going to get the marital residence? Who's going to get any other residences? What's their custody schedule going to be like? They're probably going to have a special one considering that currently he's still playing. So, there are a lot of factors at play and it does take a while to work through. Likely they're going to have to do financial disclosure and they get to claim separate assets, which are their pre-marital assets or anything that appreciated from that. So, they have a lot of work ahead of them.

MELAS: And we don't know if they had prenup, postnup, what they have.

BLUM: That is a good point.

BERMAN: Yes, but, again, they're both worth bagillions of dollars on their own right. So even that (INAUDIBLE).

MELAS: You can never have enough, John. You can never have enough.

BERMAN: I bet you they both can.

All right, Chloe Melas, Deborah Blum, thank you both very much.

Major, new evidence in the high stakes Oath Keeper's sedition trial. The secret recordings of these people allegedly planning for violence in Washington.

KEILAR: Plus, experts now questioning the experimental Alzheimer's drug that is showing promising data. We'll have Dr. Sanjay Gupta with us ahead on this.

(COMMERCIAL BREAK)

[06:57:04]

(BEGIN VIDEO CLIP)

LORETTA LYNN, MUSICIAN (singing): Take him, oh but I don't think you can, cause you ain't woman enough to take my man. Women like you, they're a dime a dozen.

(END VIDEO CLIP)

KEILAR: That is, of course, country legend Loretta Lynn, who passed away in her home in Tennessee at 90 years old.

(BEGIN VIDEO CLIP)

LORETTA LYNN, MUSICIAN (singing): I was born a coal miner's daughter, in a cabin on a hill in Butcher Holler.

(END VIDEO CLIP)

KEILAR: She was known for her gutsy lyrics and twangy vocals, something that Loretta Lynn shared with the industry for seven decades. She was inducted into the Country Music Hall of Fame in 1988 and into the Grammy Hall of Fame in 1998. She also received a Grammy Lifetime Achievement Award in 2010. And in 2013 she was awarded the Presidential Medal of Freedom.

2022 has been a year of great loss for country music. This year also saw the loss of legend Naomi Judd. Naomi and her daughter Wynona began singing together as a professional act back in the early 1980s. And country also lost songwriter Mike Dekle, who was known for writing or co-writing several songs cut by Kenny Rogers, namely "Scarlett Fever." (BEGIN VIDEO CLIP)

KENNY ROGERS, MUSICIAN (singing): I stood outside the Lucky Star, staring at the flashing sign. It read, come on in -

(END VIDEO CLIP)

KEILAR: That son was a top five country hit in 1983. Dekle passed earlier this year at the age of 77.

(BEGIN VIDEO CLIP)

LUKE BELL, MUSICIAN (singing): Where you been. Well, shovel off to --

(END VIDEO CLIP)

KEILAR: Country singer Luke Bell, known for songs including "Where You Been" and "The Bull Fighter," was found dead in Tuscan, Arizona, in August of this year. Bell was only 32.

Country fans also lost songwriter Dallas Frazier, who wrote hits like "Elvira" and "Beneath Still Waters," passed early this year, in January. Frazier was 82.

And country music pioneer and pianist, Bobby Lee Nelson, who is also the older sister of country star Willie Nelson, died at 91 this year.

(VIDEO CLIP - BOBBY LEE NELSON PLAYING PIANO)

KEILAR: That is a lot of talent gone in one year, Berman.

BERMAN: I mean Loretta Lynn, in and of herself, is a lot of talent gone in one person. Talk about iconic. Go -- if you haven't seen "Coal Miner's Daughter," everyone should go see it or read it. It's an amazing story. And she just had an amazing, amazing life. You know, she lived. There's no question about that.

KEILAR: Yes, to 90. Ninety good years.

And NEW DAY continues right now.

[07:00:01]

BERMAN: New evidence in the historic sedition case.

I'm John Berman, with Brianna Keilar.

This is the case against five members of the far right Oath Keepers