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One World with Zain Asher
Announces Tariffs, Sanctions Against Russia & its Allies if no Peace in 50 Days; Split in Trump's Base as they Demand Answers in Epstein Case; CNN Crew Captures Moment Israeli Settlers Ambush Vehicle; Trump Tells Supporters not to "Waste Time" on Epstein Files; Inflation Raises in June Amid Trump's Tariffs; Extreme Rain Causes Flooding from Virginia to New York. Aired 11a-12p ET
Aired July 15, 2025 - 11:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[11:00:00]
(COMMERCIAL BREAK)
ZAIN ASHER, CNN HOST, ONE WORLD: U.S. President Donald Trump is turning up the pressure on Russia. But is it enough?
BIANNA GOLODRYGA, CNN HOST ONE WORLD: "One World" starts right now. The Kremlin is reacting to Donald Trump's sanctions threats as the U.S. pledges
to send weapons to Ukraine.
ASHER: Plus, mega fallout from a MAGA controversy. We'll take a look at the Trump Administration's position on the Jeffrey Epstein files.
GOLODRYGA: And a new report is out indicating inflation rebounded in June, as higher prices, including those from tariffs, are packing a bigger punch.
All right, hello, everyone. Live from New York. I'm Bianna Golodryga.
ASHER: I'm Zain Asher. You are watching "One World". The White House is hoping its new threats against Russia will force the Kremlin to seriously
pursue peace, even after Moscow launched another bombardment on Ukraine overnight.
The U.S. President warns he will impose 100 percent tariffs on Russia and sanctions on countries that buy Russian oil if Moscow does not make a deal
to end its war in Ukraine in 50 days. At a meeting with NATO Secretary General Monday, Donald Trump also announced plans to sell U.S. weapons to
Ukraine through other NATO countries. And the president had this to say about Vladimir Putin in a phone call with the BBC.
(BEGIN VIDEO CLIP)
UNIDENTIFIED MALE: Are you done with him? I mean, I know that sounds a simplistic thing.
DONALD TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA: But I'm disappointed in him. But I'm not done with him, but I'm disappointed in
him. We had a deal done four times, and then you go home and you see just attacked a nursing home or something in Kyiv. I said, what the hell was
that all about?
UNIDENTIFIED MALE: Do you trust him?
TRUMP: I trust almost nobody.
(END VIDEO CLIP)
GOLODRYGA: Well, some critics say Trump's 50-day timeline handed Putin a green light to finish his brutal summer offensive in Ukraine before facing
any consequences. Former Russian President Dmitry Medvedev today dismissed the tariff threat as a quote, theatrical ultimatum, saying Russia doesn't
care.
ASHER: While the country's foreign minister said he had no doubt that Moscow can cope with any new sanctions.
(BEGIN VIDEO CLIP)
SERGEY LAVROV, RUSSIAN FOREIGN MINISTER: We want to understand what is behind this statement on 50 days. We really want to know what motivates the
President of the United States. It is clear that he is under enormous, I would say, indecent pressure from the European Union and the current
leadership of NATO, who impudently support Zelenskyy's demand to continue pumping him with modern weaponry, including offensive weapons, at the
expense of more and more damage to taxpayers in Western countries.
(END VIDEO CLIP)
ASHER: CNN's Nick Paton Walsh joins us live now from London. So, this 50- day deadline, and on the back end of it potentially additional sort of crippling sanctions against secondary partners, people who, or countries,
rather, who buy Russian oil and gas. I mean, just walk us through what happens and what the sort of plan B is, if Vladimir Putin isn't fazed at
all by these economic threats.
NICK PATON WALSH, CNN CHIEF INTERNATIONAL SECURITY CORRESPONDENT: I mean, I think the question is, is there any indication over the past six months
that this is going to make the slightest difference to the Kremlin's attitude and the experience of Donald Trump that's led into this moment? Is
that it's not what is curious about his decision here is the sanctions?
Well, yes, we know that sanctions potential on trade between the U.S. and Russia would be meaningless, the secondary sanctions on customers of
Russian energy. The delay behind that is potentially designed to get China and India to pressure Russia into altering its thinking about diplomacy.
But the task here is extraordinary.
You're asking, essentially, China and India to replace their main source of hydrocarbons in under two months. They're more likely, I think, to conclude
that Trump is going to change his mind or back down, as we've seen in the past 50 days, with other deadlines that have indeed passed.
We're hearing, though, also at the moment, from our colleagues in Washington, suggestions that actually, in a recent phone call between Trump
and Zelenskyy, Trump indeed asked if it was possible for Ukraine to hit deeper inside Russia after they had the weapon systems, and Zelenskyy
responded, suggesting they could potentially get them if they were given them by the United States.
Essentially, raising the idea that on the Trump potential deck of cards, here is the idea of maybe handing Ukraine longer range missile capability
to hit deeper inside Russia. Remember, at the moment, they have high mars of great accuracy for shorter range ATACMS for deeper range inside that
both given by the Biden Administration.
Ukraine's already had significant success hitting targets deep inside Russia using drones that are deep strike, or even drones the launch
locally, like we saw during Operation Spider Web recently too.
[11:05:00]
But I think the fact that officials in the White House appear to have confirmed elements of this conversation would indeed suggest that they want
to hold out the idea potentially, that there's more capabilities that could come Ukraine as well. They do stress that Trump has tried to stop the
killing here, and this is all about trying to end the war, rather than anything else.
But it's a really mixed set of messages that are being put out by the White House here at the same time as giving urgently needed patriot missiles that
are essentially just removing restrictions that Trump put in place when he came to power on things that Biden was doing before him.
There is urgent need for Ukraine being delivered, possibly in days or weeks ahead. We have this 50-day pause until damaging sanctions potentially hit
Russia's allies. It's not going to do too much damage to Russia itself. And so, the message here complex.
Certainly, Trump changing his broader world view that Russia needs to be stopped and Ukraine defended, but also not giving up, despite the evidence
of six months on the idea that ultimately the Kremlin wants some kind of deal here and delaying sanctions, punitive measures that he's held out now
for weeks or months, for another 50 days.
As you pointed out, potentially until all the damage of a Russian offensive is indeed done that September, that's a huge window in a war moving this
fast.
ASHER: All right, our Nick Paton Walsh live for us. Thank you.
GOLODRYGA: Well, for a view from Ukraine let's bring in Oleksandr Merezhko. He is the Chair of the Foreign Affairs Committee in the Ukrainian
Parliament, and joins us now from Kyiv. Oleksandr, it's good to see you.
Let me pick up on the reports of this phone call from July 4th between President Trump and President Zelenskyy, where it appeared that President
Trump had been asking about Ukraine's capabilities of launching deeper into Russia. Even St. Petersburg for this call in Moscow.
The President of Ukraine reportedly responding, absolutely we can, if you give us the weapons. So, in addition to these defensive weapons that the
United States will be providing the Europeans to then provide for Ukraine, are you anticipating to see down the pike soon that the United States will
also be providing offensive, longer-range weapons?
OLEKSANDR MEREZHKO, CHAIR, FOREIGN AFFAIRS COMMITTEE, UKRAINIAN PARLIAMENT: Well, I don't know what President Trump and President Zelenskyy talked
about, whether they raised this issue about offensive long-range missiles. I don't know about that, but Russia wants to continue to target civilian
targets and infrastructure in Ukraine with impunity.
And each time Ukraine responds in kind it causes uproar in Russia. But to reach parity, to fight on more or less equal terms, of course, we need to
use long range missiles to respond to Russian aggression, because it's completely in line with Article 51 of the U.N. Charter, which gives us
right to self-defense.
We are in line with international law by responding to Russian aggression and by using long range missiles, and it's the only way how we can make
Putin to negotiate seriously.
ASHER: So, in addition to needing, obviously, the defensive weapons that the U.S. providing, clearly, there is a need for offensive weapons too, in
order to change the tide in this war. But I just want to get your opinion on what Donald Trump announced yesterday, this idea of trying to go after
Russia's economy in order to get Vladimir Putin to come to the negotiating table.
He's proposing this sort of 50-day window, and on the back end of this essentially saying that, you know, he's going to charge or tax or tariff
countries that buy Russian oil and gas 100 percent at a rate that you simply cannot do business at when you're talking about triple, triple digit
tariffs. Just give us your take on whether you think that will work at all.
MEREZHKO: The truth is that the question, crucial question, is, how we can stop Russian aggression, and the only way to do it is to stop running a war
machine, to deny Russia revenues which it receives from selling its oil and gas to such countries as China, as India.
And to do that, to stop this lifeline provided by these countries we can do it only in one way, by imposing secondary sanctions on those countries, on
those companies which help Russia to feed its war machine. That's why these sanctions are absolutely necessary.
But I don't understand why it takes like 50 days. It should have been done and could have been done long ago, and we don't need these 50 days, because
Putin might take it as a green light to intensify to double down on his war efforts against Ukraine. There is a danger in this kind of new deadline.
[11:10:00]
GOLODRYGA: Do you think that's how Moscow has interpreted this that this is a 50-day window to perhaps start what many had anticipated, as we've noted,
a summer offensive by Russia before there could be any potential consequences, like these new sanctions that the president announced
yesterday.
Because our reporting suggests that President Putin still believes that Russia is winning this war and is capable of ultimately defeating Ukraine.
MEREZHKO: Well, we see that Russian army has bogged down in Ukraine, that we quite effectively resisted repelling Russian attacks. Russia has a huge
death toll on the battlefield. But of course, Putin will definitely use 50 days against Ukraine, because he is trying to conduct offensive operations
without much success but he will be trying to do it and continuing to do this.
All our previous experience testifies to this, that Putin will definitely be using this to intensify, to escalate the war of aggression against
Ukraine.
ASHER: And I mean just in terms of what it's going to take to get Putin to back down. I mean Russia, by all accounts. I mean, obviously it doesn't
like economic hardship. Nobody does, but by all signs, it's willing to endure economic hardship in order to win this war.
I'm not entirely sure whether the new proposals by Donald Trump are going to have the intended effect in terms of getting Putin to back down, at
least economically, even if their economy is under pressure. And then, of course, with weapons, you know that hasn't had an effect so far. So, what
will it take do you think?
MEREZHKO: Well, first of all, strategically, Russia has already suffered strategic defeat, because for more than three years, it has failed to
materialize to achieve the primary goals of its aggression. Russian economy shows some cracks, and situation in Russian economy is deteriorating.
So, the thing is that we continue to be resilient, and Russia is not capable to occupy a huge part of our territory, but to be more effective to
defend ourselves, especially our civilian population, we need more military assistance from our closest allies, including the United States, and we
still consider the U.S. to be our closest ally and friend, and also from the European countries.
GOLODRYGA: What about the concern Oleksandr over the manpower disparity between the Ukrainians and Russia? Obviously, Russia, a larger country has
more ability to throw more fighters into this war. As we've even seen, North Korea has contributed thousands of fighters as well, in addition to
Russians, this is becoming bigger and bigger concern. I know, domestically in Ukraine, what are some of the remedies to address it in the short term?
MEREZHKO: On the one hand, of course, yes, Russia has more manpower. It's true, but the fact that President Putin had to turn to -- for the help of
North Korea is very telling. It means that Russia and Putin, they're not sure about their manpower. They don't have enough, so to speak human
resources.
And additionally, Ukraine right now on defensive, and for us, it's easier to defend ourselves and to impose heavy casualties on Russian army. But of
course, having this gap in terms of manpower, the only solution to fill this gap is by having more sophisticated and contemporary weaponry, both
defensive and offensive.
ASHER: All right, Oleksandr Merezhko we will have to leave it there. Thank you so much for the time today. We appreciate it.
GOLODRYGA: Thank you.
ASHER: All right, turning now to the growing division in the MAGA World surrounding the Trump Administration's handling of the Jeffrey Epstein
case. Epstein is, of course, the disgraced financier and convicted sex offender who died by suicide in his prison cell back in 2019. President
Trump is urging those in his inner circle to let the Fuhrer die down.
It comes after a dramatic few days that put the president at odds with his most ardent supporters, including those inside his own administration.
GOLODRYGA: Yeah, at one point yesterday, it was not clear whether FBI Deputy Director Dan Bongino would even show up to work after a fallout with
Attorney General Pam Bondi over the lack of transparency with the Epstein files. Bongino did return to the office yesterday, but his future remains
up in the air.
This as the anger and frustration builds within Trump's own MAGA base and his most outspoken supporters in Congress.
(BEGIN VIDEO CLIP)
REP. MARJORIE TAYLOR GREENE (R-GA): It's just a red line that it crosses for many people. Jeffrey Epstein is literally the most well-known convicted
pedophile in modern day history. This is something that's been talked about by many people serving in the administration myself and many others on the
right and the left of there, needing to be transparency.
(END VIDEO CLIP)
[11:15:00]
GOLODRYGA: The Former Attorney for Jeffrey Epstein tells CNN there's nothing more to investigate.
(BEGIN VIDEO CLIP)
DAVID SCHOEN, JEFFREY EPSTEIN'S FORMER LAWYER: I think it was handled. I don't believe there's a client list. I don't believe Jeffrey Epstein
planned to blackmail anyone. I don't believe Jeffrey Epstein was in the employee of the Mossad or any other intelligence agency, or any of these
crazy Tucker Carlson theories that are going around.
(END VIDEO CLIP)
ASHER: CNN's Chief Legal Affairs Correspondent, Paula Reid, has more.
PAULA REID, CNN CHIEF LEGAL AFFAIRS CORRESPONDENT: This controversy doesn't look like it's going to go away any time soon, no matter how much the White
House wishes it would. I mean, this is something that the president and his allies have spent years and years talking about and suggesting that there
is some sort of deep state cover up.
The government needed to release more information. The Attorney General signaled not that long ago that she would release more information than
last week said that they considered this matter closed and that people would not be getting the additional evidence that they had been expecting.
And the reason this is unlikely to go away is because this is something that really matters to the president's supporters, and that's what makes it
politically so dangerous, because the blowback the controversy is coming from the president's base.
Now, the president has made it clear he is standing by his Attorney General despite the pressure that she was facing from other top Justice Department
officials. And I'm told that she's in a great head space. Her relationship with the president has never been better, and she's looking forward to
quote, getting back on offense, but must be candid here.
It's unlikely she's going to be able to get back on offense and away from this controversy anytime soon, she does have a couple options. One option,
which the president's daughter in law, has floated, is that they might release more information. Now I'm not told to expect that anytime soon.
That's not what the Justice Department has said publicly.
That would also be another flip flop on will they won't they release more information, more evidence. Another option is to buy themselves some time
by appointing a special counsel. This is something that at least one right wing influencer has called for now this would not likely be a traditional
Special Counsel.
This is likely be a U.S. attorney who would be tapped to maybe review this matter, perhaps write a report, or just share with the public what they
find about how it's been handled. The issue with that is it will drudge this whole thing up again at the end of that investigation, which could
come around the time of midterms.
And we know legally, I mean, the Justice Department is not under any mandate to release this, but politically and this could have enormous
consequences. So, we're watching very closely to see how the Attorney General, the Justice Department and the White House handled this over the
next few days and weeks. The president is sort of the master of waiting out controversy. But this one, this one's a little different back to you.
ASHER: And actually, does seem a little different this time. It's not necessarily going away just yet. That was our Paula Reid reporting there.
GOLODRYGA: And still to come for us, how all the controversies surrounding the Epstein files could impact Trump's Department of Justice and the FBI?
ASHER: Plus, a 20-year-old U.S. citizen killed in the West Bank, witnesses say by Israeli settlers. What the victim's family is now demanding from the
American government.
(COMMERCIAL BREAK)
[11:20:00]
ASHER: Israel launched attacks on Syrian government forces out here Tuesday after the Syrian military moved into the southern city of Suwayda. Syria
says its troops were sent in to pursue outlaws after deadly take care of clashes over the weekend. It happened in an area that Israel has
unilaterally declared a demilitarized zone. The IDF says it struck Syrian military vehicles moving toward the city.
GOLODRYGA: Meanwhile, in Gaza, scenes of Palestinians mourning loved ones killed in Israeli attacks continue to emerge. U.S. President Trump says
that he'll have an update on a ceasefire deal quote, fairly soon. Well, the family of a Palestinian American say they are demanding that the U.S. State
Department launch an investigation into the death of their loved one.
ASHER: Now witnesses say. On Friday, Israeli settlers beat a 20-year-old to death. CNN's Jeremy Diamond spoke with Saif's father, man who they beat to
death, allegedly, who says he holds the settlers, the Israeli military and the U.S. government responsible.
(BEGIN VIDEOTAPE)
JEREMY DIAMOND, CNN JERUSALEM CORRESPONDENT (voice-over): In the back of an ambulance Sayfollah Musallet's Aunt says one final goodbye. She is far from
alone. Hundreds in this West Bank town have come to honor the American son who is deeply rooted in his Palestinian community.
Sayf was killed on Friday, just two weeks before his 21st birthday, beaten to death by Israeli settlers according to his family. Those settlers also
shot and killed another Palestinian man in the same attack according to eyewitnesses. It is a senseless, yet all too common outcome in the West
Bank.
DIAMOND: Today, it is an American citizen being put to rest here. But over the course of the last 20 months of this war, nearly 1000 Palestinians have
been killed in the West Bank and East Jerusalem, according to the United Nations. But today, Sayfollah Musallet's family is demanding an American
investigation into his death.
UNIDENTIFIED MALE: We want we want justice.
DIAMOND (voice-over): His father, Kamel, was home in Florida, where he runs an ice cream shop with his son when he got the call that Sayf had been
attacked by settlers.
KAMEL MUSALLET, SON KILLED: You never think that it's your son or anything that that who is this happening to and then I got word that it was my son.
He was hit. He was beaten. He lost conscience, but nobody could get to him. Ambulance couldn't come in. Why? Because the IDF restricted that. The IDF
blocked that.
DIAMOND: So, you hold the Israeli military?
KAMEL: I hold the Israeli military just as responsible as the settlers and the American government for not doing anything about this.
DIAMOND (voice-over): The State Department said it is aware of Sayf's death, but declined to comment further on calls for an investigation.
Israeli authorities say they are investigating, but have not made any arrests.
For two months now Palestinians here say Israeli settlers have been encroaching on their land and terrorizing Palestinians who try and access
it. This was the scene on Friday as Sayf and other Palestinians tried to reach their farmland. Hafez Abdel Jabbar said he saw settlers chase after a
man he would later learn was Sayf.
HAFEZ ABDEL JABBAR, SON KILLED IN 2024: They ran up the hill. They caught - - they started beating him with sticks.
DIAMOND (voice-over): By the time he reached Sayf's body, he was already dead. As we head to the location where Sayf's body was retrieved, a white
vehicle suddenly appears behind us.
DIAMOND: We have a group of settlers who are now following us in their vehicle. They put their masks on as well, which is a concerning indication.
DIAMOND (voice-over): At an intersection, the settlers get out and try to pelt our vehicle. We managed to approach a nearby Israeli border police
vehicle and the settlers turn around.
[11:25:00]
But minutes after the border police head out to search for the settlers, we are ambushed.
JABBAR: Are you doing, OK?
DIAMOND: Yeah.
JABBAR: Go, go, go keep driving.
DIAMOND (voice-over): The masked men smashed the rear windshield of our car, but we managed to speed off unharmed.
DIAMOND: They turn. They turn.
DIAMOND (voice-over): Is just a small window into the reality here.
JABBAR: For what it took us five more seconds, we all would have been beating with you.
DIAMOND: -- beaten.
JABBAR: Yes, sir.
DIAMOND: But your son was also killed --
JABBAR: In January 2024 by a settler simply just being there barbecuing.
DIAMOND: What does that feel like to have to constantly try and tell the world what's happening.
JABBAR: You scream into the whole world, and the whole world is watching simply silent, seeing all these mothers put their sons there. They worked
so hard to raise them up for 20 years. And you pick them up, and you put them in the ground, under the sky, and the silence go on and on and on.
DIAMOND: Jeremy Diamond, CNN, Sinjil, the Occupied West Bank.
(END VIDEOTAPE)
(COMMERCIAL BREAK)
ASHER: Welcome back to "One World". I'm Zain Asher.
GOLODRYGA: And I'm Bianna Golodryga. Here some of the headlines we're watching today.
ASHER: U.S. President Donald Trump has given Moscow a deadline to reach a peace deal with Ukraine within 50 days, or punishing tariffs will be
imposed on Russia itself and any of its allies buying Russian energy. Former Russian President Dmitry Medvedev dismissed the threat as theatrics,
while the Kremlin called it very serious.
GOLODRYGA: Donald Trump is attending a Summit today that brings together leading executives in artificial intelligence, energy and investment. He
will announce investments worth $70 billion in AI in the State of Pennsylvania and the or the Commonwealth of Pennsylvania and the energy
needed to power it.
[11:30:00]
ASHER: China's economic growth was better than expected in the second quarter of the year, GDP was up 5.2 percent a year earlier, it comes as
China faces an ongoing trade war with the U.S. While it's calmed a bit, Beijing has until August 12 to hammer down a permanent deal.
GOLODRYGA: Donald Trump is urging his inner circle to let it go when it comes to the Jeffrey Epstein investigation, according to people familiar
with the president. Now it comes after Attorney General Pam Bondi put the kibosh on conspiracy theories, including a so-called Epstein client list.
Still, some of the MAGA faithful are demanding more answers and greater transparency.
ASHER: Here with us now is Senior CNN Law Enforcement Analyst and Former Deputy Director of the FBI, Andrew McCabe. Andrew, you are absolutely the
perfect person to talk to about this fallout. And I'm sure you know why. Dan Bongino, who is at the center of this whole issue, has what used to be
your job.
Just the fact that this fallout has sort of spread so much in terms of the division among the Republican Party, especially the MAGA base. And then you
have the likes of Dan Bongino apparently not showing up to work. Obviously, one of the things that he talked about ad nauseam when he had his podcast
was the idea of some kind of Jeffrey Epstein covers up this idea that there was some kind of client list, which now Pam Bondi is sort of walking back
from.
He talks about the fact that he believed that Epstein committed, rather than committing suicide, actually was murdered. I mean, just give us your
take on the entire fallout involving Bongino.
ANDREW MCCABE, CNN SENIOR LAW ENFORCEMENT ANALYST: Well, I mean, it's a -- there's a lot there.
ASHER: Yes.
MCCABE: I think on the conspiracy side. You know, this is just a, kind of a classic cautionary tale about what happens when you let loose the dogs of
conspiracy theories and they at some point turn around and bite you, which is exactly what's happening now.
I think the administration is at a point where, no matter what they do going forward, if they decide to return to their original position of
transparency and releasing additional information from the files, or if they stick with their current feeling about not sending anything else out,
they're not going to be believed.
They're shifting positions on this have been have really eroded their credibility. Their most ardent supporters are pretty dug in on this
conspiracy, and those folks are not willing, not really going to let that go, so they're in a tight spot. Dan Bongino is really -- also in a really
tough position right now.
So, I can't really describe to you adequately how hard and all-encompassing the job that he is in. You know what exactly it demands from you 24/7, 7
days a week. 365 days a year. He is in charge, ultimately responsible for all of the FBI investigative operations and all of its intelligence
collection.
He's got 37,000 employees, about 12,000 of whom carry guns every day. The number of issues that come to his attention all day long, at night, on the
weekends, during vacations and holidays and everything else are nonstop, and they're only the hardest problems that the FBI has to face, right,
because everything else gets decided at a lower level.
So he's already suffers from not being an FBI agent, not being seen as one of us, the first ever deputy director who did not go through the FBI
Academy, did not serve as an agent on the street, did not work his way up through the ranks, and so his credibility is already in question, and now
he's embroiled in this very public temper tantrum where he seems to have left the job on Friday. Nobody knows if he's coming back. I understand that
he was back yesterday so -- that's it --
ASHER: And by the way, he tried on, he cried on live TV, literally on Fox News, essentially saying that he doesn't like his job, that it's all
incumbents in that he gave up everything for this job in government. And as you point out, you mean, you listed why? I mean, obviously it's an
incredibly all-encompassing job.
GOLODRYGA: Yeah, you're basically the COO of the FBI there running the day- to-day operations. Andy, what was your understanding and your time in office of the conversations between the FBI and the DOJ as it related to
the Epstein case?
MCCABE: Well, I can't really -- I didn't really experience it in the context of the Epstein case, because the case wasn't revived until 2019 by
the Southern District of New York, and I was I had already left the FBI by then, but I will tell you that I navigated many very tough issues with the
highest levels of DOJ leadership, with multiple attorneys general over many years.
And there are times when those differences of opinion, those conflicts, you know, get really very testy, get very, you know, not emotional, but you
know, there's some really head-to-head moments. But I have to tell you, Bianna, that never, ever happens outside the family.
[11:35:00]
You never have conflict disruption like that with the attorney general or the deputy attorney general in public, and certainly not ever in the White
House. So, knowing that, that's exactly what happened here, that apparently Pam Bondi and Dan Bongino and Kash Patel got into a bit of a shouting match
about this stuff in the White House in front of the president's chief of staff is really unbelievable to me.
And I am shocked that Dan Bongino still has his job after engaging in something that could have been interpreted as being disrespectful or even
insubordinate.
GOLODRYGA: Well, it's not unprecedented, though, with this administration, remember Scott Bessent and Elon Musk, I think, got to a physical
altercation at the White House as well, in front of others. So, there is precedent, at least here.
ASHER: Yeah, just in terms of Pam Bondi and how she's handling things. One of the things that Former Fox News Anchor Megyn Kelly said is, either Pam
Bondi is telling the truth now or she was telling the truth back then. But both cannot be true. At some point there has to have been a mistruth.
This idea that, you know, the Epstein files and the client lists were sitting on her desk, and then she sort of released -- publicly released
information that was already redacted and had already been released in the past, and now she sort of walked back this idea of there ever being a
client list. Just give us your take on how the attorney general is handling things.
MCCABE: In a word, not well, right? I think that --
ASHER: The two words, by the way.
MCCABE: Patel and Bongino -- Two words, sorry, I think, I think that Patel and Bongino and Bondi are all guilty of really overselling this thing, and
not just in the context of the last week or so. You know, as you mentioned in your intro, Dan Bongino has been hammering this conspiracy theory for
years, as has Kash Patel and Pam Bondi jumped right on board that train.
And so whether or not there's been an intentional misrepresentation here and intentional deception, I can't say, but there's no question that Pam
Bondi's initial statements about the existence of the client list, and it's on my desk, and there's going to be more coming out, of course, the
disappointing revelation of the binders that were handed out by her personally in the White House that contained nothing but things that people
had already seen before.
Yeah, she's really -- she's guilty of at least overselling this thing in an irresponsible and dangerous way. And I think that's really coming back.
Those chickens are really coming home to roost in a powerful way right now.
ASHER: Andrew McCabe, live for us there. Thank you so much. Appreciate it - -
GOLODRYGA: Thanks, Andy. Well, you probably already know that prices at the store and everywhere else you shop is going up, but after the break, we'll
look at how much they're rising and break down the new inflation numbers.
ASHER: Plus, Donald Trump peers into the future with major investments in AI and energy in the pipeline. We'll also break that down --
(COMMERCIAL BREAK)
[11:40:00]
ASHER: All right, welcome back to "One World". Let's take a look at markets this morning. Let's see what markets are doing. They are, yeah, DOW is down
half percent or so. I mean, it is sort of basically flat for the time being, especially the S&P 500.
GOLODRYGA: Yeah, the markets are rather muted. Let's see what's going on in Europe, where things are rather the same, more red arrows, but again, just
marginally lower there, half a percentage point really, across the board. Asian markets also finishing the day rather mixed.
Not much reaction. I think there's so much anticipation as to what's going to happen August 1st, when this new tariff deadline comes. But we did get
news today.
ASHER: Yes, we did. I'll tell you what is up. What is it mix? Is that U.S. inflation, it picked up ever so slightly. I mean, just a tiny bit in June,
thanks in part to Trump's tariffs on imports.
GOLODRYGA: Yeah, here are the numbers. The Consumer Price Index was up 2.7 percent compared to last June. It rose a third of a percent month to month.
So that is pretty much especially the month to month change that is pretty much exactly in line with what economists were expecting.
However, it is a turnaround from the relatively tame readings we've had over the past few months. Vanessa Yurkevich -- us live now to break this.
Vanessa, I mean, how do we interpret this number, right? Because it is an uptick, technically, but it is a very, very slight one.
It is a high compared to what we've seen over the first few months of the year. But, you know, I don't know how the fed is going to interpret this.
VANESSA YURKEVICH, CNN BUSINESS AND POLITICS CORRESPONDENT: Yeah, it's an interesting number because it is in line with expectations, but
expectations were that inflation was going to heat up, obviously moving in the wrong direction when you consider the fed's 2 percent target rate.
But ultimately, prices are only just maybe starting in the month of July right now, to creep in. The month of June was maybe the beginning, but it's
probably not the full picture of what inflation will look like given the tariff landscape. You can see the three biggest contributing factors to
inflation last month.
It was shelter. That is what you pay for rent. That is the biggest expense for almost all Americans. You saw food prices at the grocery store really
remaining the same compared to May up 0.3 percent energy prices, though, that is where we saw a steeper increase, and that's largely because gas
prices are up, as you can see there, by 1 percent after declining in May by 2.6 percent that was driven because of the conflict in the Middle East
between Israel and Iran.
We saw gas prices in the month of June really jump, but that was sort of a onetime occurrence. We have seen prices level off since then. In this
report, in this inflation report, you don't get a line that says, well, tariffs are causing X, Y, Z to go up, but we look at key categories like
furniture, apparel, toys and appliances.
These are products and goods that we import into the United States. And as you can see there, they are all up across the board. Furniture apparel both
up 0.4 percent toys up 1.8 percent we import about 80 percent of all imports of toys into the U.S. come from China, which we know is facing the
highest tariff right now, 30 percent.
And then, of course, appliances we do import a majority from abroad. Those are the bigger ticket items that carry more weight. So that is why you see
those up 1.9 percent. We did see some decreases, though, and this is a reversal of what we saw leading up to tariffs when we saw a lot of people
making big purchases on cars.
So, you see those in decline now, used cars and trucks down 0.7 percent, new vehicles also coming down, and air fares coming down in price ever so
slightly, 0.1 percent but that could be a reflection of consumer demand. People starting to pull back on travel because of concerns about prices.
But retail analysts, I've been speaking to say that the prices really haven't ingrained in a way that they thought that they would. July, this
month is really probably going to be the first time that we're going to see significant price changes. And of course, for the Federal Reserve, what do
they do with this picture, right?
You see on that line chart. You see inflation starting to tick up away from 2 percent. Most investors on Wall Street believe that the Federal Reserve,
in just a couple of weeks, is going to hold rates steady, that there won't be that rate cut, that the president has been really gunning for.
[11:45:00]
This is a picture that the Federal Reserve is going to look at holistically. But the word on the street, on Wall Street, is really that
the Federal Reserve is probably going to hold steady yet again this year, as they're trying to be in that wait and see mode. Where do these tariffs
go and what kind of price changes do Americans start to see?
ASHER: Right, Vanessa Yurkevich, live for us there. Thank you so much. All right, just a couple of hours from now, Donald Trump is expected to
announce a major investment in artificial intelligence and energy.
GOLODRYGA: Right, he's attending a summit of technology and energy leaders being held in Pennsylvania. The AI and energy industries are closely
linked, as AI companies require tremendous energy to power their computers. U.S. Senator Dave McCormick organized the event.
He says all of this is essential to both economic growth and national security. CNN's Anna Stewart is tracking this story for us. So, we're
talking about tens of billions of dollars' worth of pledged investments here. What does that actually mean for the future of AI, and for those
concerned about some of the unintended consequences, perhaps a spike in energy prices?
ANNA STEWART, CNN CORRESPONDENT: Well -- and this is, of course, coming in the context of the U.S. wanting to be a superpower when it comes to
artificial intelligence. And there are different ways that you can go about this. The White House Administration has, of course, looked at export
controls and tariffs to try and restrict the technology go to certain markets, like China.
This is the flip side. This is creating the environment where AI can thrive in the United States. We're expecting big investment announcements,
particularly from President Trump. They're likely to come from the corporates, though, and it's really a who's who.
I mean, you've got BlackRock, Blackstone, Softbank, Alphabet, Amazon, Anthropic you see there, and many, many others. We already have an
announcement for Blackstone that they will be investing $25 billion in data centers and energy infrastructure. I think we'll probably get something
quite similar as well from Alphabet.
And there is this big link between AI. It's not just about the data centers and the infrastructure that is directly relating to the technology. It's
also about building that energy, as you said, because AI will account for around 9 percent of America's electricity output by 2035, more than double
where it is right now.
So, working on the grid, making sure that there is enough energy and so you don't see prices spike for customers. So big announcements to come today,
but all the back of our minds having to remember that this is about the U.S. trying to dominate in this sector, particularly against China, which
is, of course, a big rival in the technology.
ASHER: Yeah, and let's just talk about Nvidia, because their CEO met with Trump, and now -- they can actually sell chips again to China. Walk us
through that, Anna.
STEWART: There we go. Well, this is coming --
ASHER: Just like that.
STEWART: -- as a result, it's just like that, there was, of course, this trade truce between China and the U.S. last month. We already saw a lifting
of export controls when it came to Chinese rare earths going to the U.S. and vice versa we're seeing a relaxing of certain technologies going from
the U.S. to China, and one of them is Nvidia's H20 chip.
Now make no mistake, this is not one of the most advanced AI chips. It's not the Blackwell Ultra, which is unlikely to be going to the Chinese
market anytime soon. This is a semiconductor that was designed specifically with China in mind to try and meet the prior Biden Administration's export
controls on AI technology, but still allow Nvidia to sell products into China.
It's a really important market for the company. So that has been lifted. We are seeing an easing there. And also, I think what we're seeing is Nvidia
being able to actually design other chips and trying to think of other ways to be able to incorporate China into its plans.
Last month, I actually met with the CEO of Nvidia, and he said they were no longer going to include China in any of their financial forecasts, because
the situation keeps changing. Not sure whether he'll row back on that anytime soon.
GOLODRYGA: I think he speaks for all of us in describing how the situation continues to change -- Anna Stewart, thank you so much.
ASHER: Right. Get ready. Do you want to read that then?
GOLODRYGA: No, I definitely don't want to read that. We saw some of it, last night.
ASHER: Yeah, a lot of rain where we are, a lot of heavy rain, possibly even more flooding. If you are in the northeast part of the United States, freak
storms have the water levels rising dangerously.
Coming up, Meteorologist Derek Van Dam has the details, and he'll talk to us about what more we can expect.
(COMMERCIAL BREAK)
[11:50:00]
ASHER: Torrential rain drenched the U.S. northeast and Mid-Atlantic on Monday, and there are warnings of really dangerous conditions continuing
along the East Coast today.
GOLODRYGA: Yeah, quite dangerous here in the northeast, fast flooding was reported from New York City to Maryland, with New Jersey's Governor
declaring an emergency and warning people to stay off the roads. And it wasn't much better on public transportation, either.
Video on social media showed New York subway passengers trying to stay dry as the rising water seeped onto their train, while at least one station saw
dramatic flooding as two inches of rain fell on the city in one hour.
ASHER: New Yorkers are so resilient, they're just sort of chilling like it's just another just another Monday.
GOLODRYGA: It's a very hot day.
ASHER: -- yeah --
GOLODRYGA: So, for those who may be made their clothes, maybe it felt a little cool at the moment, nothing cools though about these dangerous
levels of water flooding in, in record time though. For more let's bring in CNN Meteorologist Derek Van Dam. Derek, that happened at such a fast speed
yesterday, and of course, all eyes and thoughts went to what we saw in Texas.
You know, we're seeing more of this mass flooding just throughout the country now. What more can we expect in the days to come?
DEREK VAN DAM, CNN METEOROLOGIST: Yeah, that video is absolutely astounding to watch how calm those residents were of the New York City subway, right?
But there's no joke about what really took place, not only below ground, but above ground. And we have this incredible amount of flash flood
warnings that were issued yesterday.
In fact, we'll talk about some of the records broken in just one moment, but taking you to Somerset County, New Jersey, where just another example
of the flash flooding that took place the rivers here, spilling their banks, turning the roadways into rivers. That is a fire department that
took on water, and you can see how they were trying to take their boats and their equipment out of harm's way.
You know what? There was a record number of flash flood warnings issued yesterday, the single most amount in a single day for the month of July. So
that's really incredible. And it's also just analyzed by CNN Meteorologists that the record number of flash flood warnings for year to date has just
occurred up till yesterday.
So, this is all just part of this uptick in our flash flooding that we've had to deal with the past several weeks. In fact, during this event last
night, we actually had over a dozen states with simultaneous flash flood warnings. There were three dozen or so roughly between that 7-to-11-time
frame along the eastern seaboard.
And you can see just that summary here, including this major populated area along the eastern seaboard. So, it just really gives you an example of how
much rain we have had. There's been over 220 flash flood instances, especially across the Mid-Atlantic and Southern New England.
This is yet another example the North Plainfield New Jersey. We're talking about 15 miles or so to the Southwest of Newark.
[11:55:00]
This area saw flash flooding cars that didn't turn around before they encountered these flooded roadways, and unfortunately, they stall out the
vehicles, and this car ultimately erupted into flames. So just another example of what we've been dealing with here across the Eastern U.S.
Now, the radar is generally quiet now, but there are newly issued flood watches across the Mid Atlantic, including much of the State of Virginia,
as this taps into this deep moisture that's in place over the East Coast at the moment, slow moving summertime thunderstorms could produce another two
to four inches on a compromised soil.
So, it doesn't take much to really fuel additional flash flooding, and this is the areas we're most concerned about today. Back to you.
GOLODRYGA: -- that flooding comes on fast, so residents really should be heeding their warnings from local officials.
DAM: Right.
GOLODRYGA: Derek Van Dam, thank you so much.
ASHER: Thank you. Derek. Finally, this hour, Beyonce just wrapped up her Cowboy Carter tour dates in Atlanta, but while she was in the city, someone
actually stole two suitcases belonging to her choreographer, and with them laptops and hard drives that contained Beyonce's unreleased music, among
other things. Can you imagine?
GOLODRYGA: No, I cannot. The theft of the suitcases from a parked car was reported to law enforcement a week ago. Take a listen to the audio that CNN
has obtained from the 911 call of Beyonce's choreographer reporting the stolen music.
(BEGIN VIDEO CLIP)
UNIDENTIFIED MALE: They have my computers, and it's really, really important information in there. Like, I work with someone who's like, of a
high status, and I really need the -- my computer and everything.
(END VIDEO CLIP)
GOLODRYGA: All right, see how nervous he is there.
ASHER: Someone of a high status. Understatement of the century --
GOLODRYGA: Yeah, Beyonce knows someone of a high status. Atlanta police have issued an arrest warrant for an unnamed suspect, and we will stay on
this story.
ASHER: He did say the computer had a tracker, so hopefully that helped find out who's responsible. Stay with us. We will have much more "One World"
after this short break.
GOLODRYGA: Yeah, I work with someone --
ASHER: -- you do --
(COMMERCIAL BREAK)
END
