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Carrie Fisher Dead at 60; Dow Inches Up, Fails to Crack 20,000 Milestone; Shinzo Abe to Visit USS Arizona Memorial; Obama Put Emphasis on U.S.-Japanese Relations; Korean Air Extends Use Of Tasers On Board; Post- Christmas Brawls At The Malls; Price Tag Of Monte Dei Paschi Bailout Doubles. Aired 4-5p ET
Aired December 27, 2016 - 16:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
(COMMERCIAL BREAK)
[16:00:08] ELENI GIOKOS, CNN HOST: The closing bell is ringing on Wall Street. It's Tuesday, December the 27th.
Tonight, which comes first, Dow 20,000 or 2017? The market is closer to a massive milestone.
Shinzo Abe is about to make history at Pearl Harbor memorial. And --
(BEGIN VIDEO CLIP)
CARRIE FISHER, AMERICAN ARTIST: I love you.
UNIDENTIFIDE MALE: I know.
(END VIDEO CLIP)
GIOKOS: Tributes across the galaxy for the actress Carrie Fisher.
I'm Eleni Giokos and this is Quest Means Business.
A very good evening to you, I'm Eleni Giokos standing in for Richard Quest.
Actress, author, screen writer and feminist icon Carrie Fisher has died. She suffered a heart attack last week on a flight from London to Los
Angeles and passed away today at age 60.
Most famous for playing Princess Leia in Star Wars. Over the decades, Fisher constantly reinvented herself and the hot life of Hollywood fame.
She often spoke openly about her life and through humor in which tried to remove the stigma around mental illness as well as drug addiction.
Stephanie Elan has more on the life of Carrie Fisher.
(BEGIN VIDEO CLIP)
FISHER: I should have expected to find you holding Vader's leash.
STEPHANIE ELAN, CNN CORRESPONDENT: Carrie Fisher won the hearts of generations as Princess Leia in arguably the most beloved movie franchise
ever Star Wars.
Princess on screen, Hollywood royalty off it with a sharp wit and sharper pen.
Fisher was born in Beverly Hills. Mother, actress Debby Reynolds, father, singer Eddie Fisher.
FISHER: I was primarily brought up by my mother but I saw my father.
ELAN: Fisher definitely wove her experiences as that a showbiz kid who struggled with addiction into the best selling comedic novel, "Postcards
From the Edge".
FISHER: I was writing different takes on obsession, so I think of it as sort of the edge and I thought of it in the car one day driving back from
Palm Spring with the music up loud.
ELAN: Fisher turned her acclaimed book into a movie, starring Meryl Streep as a recovering addict embroiled in constant, often funny, mother-daughter
drama.
SUZANNE, POSTCARD FROM THE EDGE: Remember my 17th birthday party, when you lifted up your skirt up in front of all those people, including that guy,
Michael?
DORIS, POSTCARD FROM THE EDGE: I did not lift my skirt, it twirled up.
ELAN: Fisher poked fun at the absurdities of showbiz, life and all manner of self medication including taking pills to control her emotions.
FISHER: Any mood stabilizer is a weight gainer, so whether you feel better. But then you're fat. So what you gain is a loss. It's not a good
situation.
ELAN: Fisher spoke about being bipolar and often turned pain into humor also writing, "Wishful Drinking" and "Shockaholic".
There seemed no lack of material. After all, Elizabeth Taylor became her step-mother when Eddie Fisher remarried.
Fisher was briefly married to singer Paul Simon in the 1980s. Years later, she gave birth to a daughter, Billie Katherine, from her relationship with
agent Brian Lourd.
She debuted in the acclaimed film, "Shampoo".
In between the "Star Wars" movies, Fisher landed a mish mash of movie roles. Some stinkers, "Under the Rainbow", "Hollywood Vice Squad, received
praise for "Soap Dish" and played Meg Ryan's wisecracking friend in "When Harry Met Sally".
But nothing could, would or perhaps should loom larger on screen than Fisher in "Star Wars".
FISHER: It just transported you. It was extraordinary entertainment film making.
UNIDENTIFIDE MALE: Do you like the princess?
FISHER: I have her over sometimes. She's a little bitchy, you know.
UNIDENTIFIDE MALE: I know.
ELAN: Nearly 40 years after making Star Wars, she wrote a book, based on her diaries, and for the first time revealed an intense affair with the
real Han Solo, Harrison Ford.
"It was Hans and Leia during the week, and Carrie and Harrison during the weekend," she wrote.
Ford has not commented.
Fisher spent a lifetime trying to separate the princess from the person, one wisecrack at a time.
FISHER: I always felt like I was restricted. I was bigger than life and twice as unpleasant.
(END VIDEO CLIP)
GIOSKO: Well, Carrie Fisher's role as Princess Leia, the sharp-tongued highly independent rebel commander in "Star Wars" cemented her as a
feminist icon.
While today's standard, strong female lead isn't out of the ordinary. In 1977, it was revolutionary. And Carrie Fisher paved the way.
[16:04:57] Take a look at this clip from a new hope when Leia takes her rescue from the evil empire well and truly into her own hands.
(BEGIN VIDEO CLIP)
LUKE SKYWALKER, STAR WARS: Come on.
PRINCESS LEIA ORGANA, STAR WARS: This is some rescue! You came in here, but didn't you have a plan for getting out?
HAN SOLO, STAR WARS: He's the brains, sweetheart!
What the hell are you doing?
ORGANA: Well, somebody has to save our skins. Into the garbage, fly-boy.
(END VIDEO CLIP)
GIOSKO: Well, in the past few minutes, the CEO of Disney, which now owns the "Star Wars" franchise, has paid his own tribute to Fisher.
Bob Iger said, "Carrie Fisher was one-of-a kind, a true character who shared her talent and her truth with us all with her trademark wit and
irreverence. Millions feel in love with her as the indomitable Princess Leia. She will always have a special place in the hearts of "Star Wars"
fans as well all of us who were lucky enough to know her personally."
Scott Mantz is a critic from Access Hollywood, now joins us from Los Angeles.
You know, we're seeing these tributes pouring in. Her role in Star Wars was revolutionary during the '70s and clearly this is now -- you know, the
"Star Wars" fans across the world, what a tragic loss for them and of course it wasn't just that role that she had, but she was a screen writer,
she wrote a lot of books as well, take us through the life that was.
SCOTT MANTZ, FILM CRITIC, ACCESS HOLLYWOOD: Well, for starters, Carrie Fisher was born into this royalty as the daughter of Eddie Fisher and Debby
Reynolds who endured their own scandal with Elizabeth Taylor. So she had already sort of had a taste of like intense fame but it wasn't directed at
her.
What happened was, in 1977, on May 25th, when Star Wars opened, she became the center of all that fame and it happened very, very quickly.
Now, I was 8 years old when I saw Star Wars in '77. And for my generation, generation X and every generation that followed, Carrie Fisher, Princess
Leia, she was a great role model for young women, and she was definitely the object of desire for young men. But she made such an impact because
she was a strong female lead at a time when there weren't many strong female leads in films, especially like "Star Wars".
Now, it's a little more common. But when you look at her in "Star Wars", "The Empire Strikes Back" and "Return of the Jedi", she gave as good as she
got, and she wasn't just the princess in a galaxy far, far away, she was everybody's princess.
Princess Leia was a role that she struggled with because it was a gift and a curse. It was a role that she could not escape.
Now in later years, she became an accomplished author, an accomplished screen writer, an accomplished script doctor polishing other people's
screen plays.
And one thing that she always was, I interviewed her a year ago for "The Force Awakens", she was always very honest. You put on a bad shirt and you
ask, what do you think, she would say, that looks awful. And that honesty was refreshing in Hollywood.
She was smart. She was funny. She was brutally honest, still coming to terms with kind of fame that Princess Leia thrust on her.
And when I saw her back in September at Telluride Film Festival for the movie "Bright Lights", which is a wonderful and honest and poignant and
powerful documentary about her relationship with her mother Debby Reynolds, she was in great spirits. Her dog, Gary, a French bulldog, was always at
her side and she even had the bulldog on her lap when I interviewed her last year for "The Force Awakens".
She is a great interview, a great person, and for someone like me and every generation that fell in love with Princess Leia on "Star Wars", she will --
the force will be with her always.
GIOSKO: You know, the fact that she made a come back when "Star Wars" was brought back, what a special moment for fans around the world and obviously
for her and co-stars and the stars within that movie. We've also heard that what she brought to it was not just the history and the understanding
and the knowledge, but also her wit and always referred to as brilliant.
MANTZ: Well, she was absolutely brilliant. And after three "Star Wars" prequels, in which the original cast members weren't featured at all, to
see Carrie Fisher, now she is general, she's General Organa, she's not Princess Leia anymore, to see her back in a new "Star Wars" film with
Harrison Ford as Hans Solo, it was a great moment for 'Star Wars" fans.
And now, right now, in theaters is the film "Rogue One: A Star Wars Story". So if you haven't seen the film, I'm about to drop a spoiler here, so turn
down the sound. But Princess Leia has a very quick but very poignant and powerful scene in "Star Wars: Rouge One".
[06:10:06] And what she says in this film kind of wraps it all up, and it means even more now that she has left us.
GIOKOS: Well, thank you very much for that. I have seen "Rogue One", so no spoilers for me there. Much appreciated for your insights.
MANTZ: Thank you.
GIOKOS: Fisher struggled at times with her bipolar disorder and her drug use. And unlike many other contemporaries, she was prepared to be breezy
on this and sunny about this.
In 1990, she told Larry King about how she dealt with her self-esteem. Let's take a listen.
(BEGIN VIDEO CLIP)
CARRIE FISHER, AMERICAN ACTRESS: I have to work pretty hard for everything. I work a lot and I find that I get a lot of satisfaction out
of my work. And out of just keeping it together when it all fell apart so much. So, you know, you have to -- it's -- that's just hard to stay hold
of. I don't understand people that have self-esteem consistently. I just -- I don't know people like that. And I flew with someone on the plane
that was like that but --.
LARRY KING, RADIO AND TELEVISION HOST: OK. Someone might say, I mean, look at this, you grew up with some attention certainly, but probably no
great financial distress, yet have a lot of talent, you can write, and you can act, and you have been successful at both, right?
FISHER: What's the problem?
KING: You look like just like your mother then. Why would you lack self- esteem?
FISHER: Well, I don't think it's what you're given. It's how you take it. And I was given all the right things and I think I took them the wrong way.
And I still am someone that waits for the shoe to drop no matter how at much they insist on staying in the sky.
(END VIDEO CLIP)
GIOKOS: All right. So, we're going to continue our analysis and look deeply into the life of Carrie Fisher. I'm joined by Michael Musto. He's
a columnist for Out.com. Thank you very much, Michael, for joining us today.
MICHAEL MUSTO, COLUMNIST, OUT.COM: Thank you.
GIOKOS: Let's talk about the life of Carrie Fisher. We know her on screen. We've read a lot of her books as well. She makes such an impact
but you followed her through the years. What are some of the most memorable moments to you?
MUSTO: We had almost an instant report when I first went to interview her because she dropped the facade for me. She recognizes me as a kindred
spirit and just showed herself to be the outrageously funny person that she was.
At one point she said that she had a book party later that evening and she didn't want to go because she was nervous. So I said well, I can go for
you, or maybe as you, tonight to tell the story Carrie Fisher run into the other room, came out with a pair of perfume panties of hers and said, "What
don't you wear this and go to the party as me?"
GIOKOS: Can I ask you if you did that?
MUSTO: I stayed at home. I wouldn't say if I wore the outfit or no. But in any case, that was just so cute of her because that's the way she was.
She comes to the baloney of showbiz and came out with these outrageous statements. She was very self-deprecating, very vulnerable. She wasn't
just a brush, bitter person at all. She was optimistic. But always cut to the heart of the truth of everything.
GIOKOS: Because that's what we've been hearing, very optimistic despite the fact that she suffered with mental illnesses.
MUSTO: Yeah.
GIOKOS: We know that, she could have fallen into the chap of depression. What do you think kept of her of that threat?
MUSTO: I think humor. She found her way through rehab and bipolar and drugs and booze and all of those, the bad relationships through humor. And
she made gold out of it by writing this brilliant books. Some of them became brilliant movies.
And in the process, she really made it easier for other people battling the same problems.
The best thing in several years, she's a celebrity being honest about this stuff. It's supposed to be scandalous and something you don't talk about.
She's talking about it and she's making it funny.
GIOKOS: Did she understand the impact that she had on in the world with her role as Princess Leia?
MUSTO: She did, because whenever she went to like a comma contact of event, she was overwhelmed by the people dress like Princess Leia and
swarming her for attention. And it was kind of bittersweet because Princess Leia was just a very small part of who Carrie Fisher was. That
was something she did early in life. She did a great job of playing this feisty heroine.
Star Wars was basically a screw ball comedy. I mean she was like Carrie lumbar, she was bantering and mixed with a sci-fi film. And that was part
of who she was. But basically when she became a commentator and an author I think that was the real Carrie Fisher.
GIOKOS: What kind of impact do you think she will leave behind? What is her legacy? Do you think it's mostly going to be these books, best selling
books that give us a little bit of insight into her own personal life?
MUSTO: It's really the books and everything else she did and it's the fact that she was born showbiz royalty to two big stars and forged her own
legend by borrowing from what she got from her parents.
And increasingly she became very close with her mother, Debbie Reynolds. You'll see in the HBO documentary that practically completed till the
syllables. And it's kind of a very touching thing. And so, Carrie Fisher is somebody part of showbiz genealogy but who created her own legend by
doing everything that she died did so brilliantly.
GIOKOS: Did she have a lot of close friends around her? You know, we know that her relationship with her mother improved dramatically and very close
as you mentioned that there's a documentary that is coming out. Who else do you think impacted her life?
[16:14:56] MUSTO: I think she is very popular with any comedian or humorous writer in Hollywood. They all respect her. She helped them a lot
with screen plays; she helped them get work by making movies out of her books. And of course she has this wonderful daughter and she has a
wonderful mother and it's very sad to now see this hole at the center of their family.
GIOKOS: Thank you very much, Michael, for your insight.
MUSTO: Thank you.
GIOKOS: Much appreciated. All right, we'll have more on the story later in the program as the world mourns the death of Carrie Fisher.
(COMMERCIAL BREAK)
GIOKOS: Traders are back towards on "Wall Street" after their Christmas break and it appears Santa didn't bring enough magic to get the Dow to
20,000. We were briefly on track for a new closing record this morning in New York. The Dow lost steam during afternoon trade closing 11 points
higher. It means we'll have to wait at raise at least another day to cross the 20,000 point milestone.
On Twitter, however, President-Elect Donald Trump is claiming responsibility for the market rally and I quote, "The world was gloomy
before I won. There was no hope. Now the market is out nearly 10 percent and Christmas spending is over a trillion dollars." That's apparently a
reference to a delayed forecast made earlier this year.
Jonathan Corpina is a senior managing partner at Meridian. He's on the floor of the New York stock exchange. Thank you very much, sir, for
joining us.
It is a little bit disappointing that we didn't get to reach that 20,000 psychological milestone. But we've got a few days left of 2016. Do you
think we're going to hit that level this week?
JONATHAN CORPINA, SENIOR MANAGING PARTNER MERIDIAN EQUITY PARTNERS INC.: I do think we're going to hit it this week. The market seems to continue to
trend higher and higher even though it was only 11 point progress today. I think the markets overall sentiment is to move higher. I'm hoping that we
get it this week. I think we do get it this week.
But just to keep in mind, we've come so far, so fast. We definitely hit other milestone along the way. And it's just good to see that our markets
continue to move higher and our economies growing too.
GIOKOS: And I guess the question is, what is the reason behind this momentum in the market? Is it because of Donald Trump? Is it because of
other fundamental factors that are pushing forward?
CORPINA: Right. I don't think President-Elect Trump personally has anything to do with the momentum that we're seeing here. Look back at how
this market has traded all year long. And we've seen that this market has gradually moved higher and higher. Economic data is getting better,
sentiment is getting better, the jobs numbers has clearly have supported and shown our economic recovery.
So I think, you know, couple of many different things together and it gotten us to where we are today. The change in administration, does that
add different sentiment to our market? Maybe so. People do like change when it comes to politics and they think that things have been going
directly.
So, but I don't think that people have been waiting or waited for that presidential election results to come out. And then once they saw that
President-Elect Trump was going to get elected that they move quickly into this market.
[16:20:07] I don't think that's the factor. I just think that people have decided that the future might look better that what we've seen most
recently. And they're willing to invest into that.
GIOKOS: I guess -- I mean, some of the -- some people are talking about, you know, perhaps seeing lower corporate tax rates, eventually going to be
pushing up profits as well as one of the reasons. But over all, I mean, are you concerned about the market being over-bought at this stage? And
this whole market has been going on for quite some time. Is it time to kind of pause and reflect as we get into 2017? Or do you think it's time
to get in on those profits or even just buy into the market and hope that it's got a few months left of a rally?
CORPINA: Right. I mean, that's a natural question to have as this market is trending at all-time highs. I'd say that, you know, what I've looked at
over the last nine months in this is market, is that the market has gradually and slowly, methodically moved higher. We haven't seen large
volatility, large is going as up and large is going as down. And I think that definitely is unhealthy for the market.
The way we've seen the market trade and lack step over the past six months, I think is a healthy showing that our markets are healthy and our economy
is healthy. That being said, there are still individual stocks and sectors out there that are under valued and are going to continue to move to the
upside. I don't think that investors have missed the boat here. If you're a long-term investor, you know, clearly you can definitely get at this
market. And there is potential for upside.
To go back to the beginning of your question, as far as tax rates and corporate earnings, that's going to take a long time for this
administration to really read through, get those pass through our senate and get those approvals. That's not going to happen the first day that
he's in office.
So, if you're betting on corporate tax returns and corporate tax rates to be lower in the near future, that's not going to happen just now. So I
would keep that in mind, but definitely think that it's going to be something that's going to take a longer term, a longer time, and a lot of
momentum behind it to get that done.
GIOKOS: Jonathan Corpina, thank you very much for your insights.
We're now shifting gears. And Shinzo Abe is making history by becoming the first Japanese Prime Minister to visit the USS Arizona Memorial at Pearl
Harbor.
The moment will be highly symbolic when two nations, once at war, return in peace to the place where their conflict began. These are pictures just in
from earlier today when the Japanese leader met with U.S. President Barack Obama for a bilateral meeting.
Now, this is a level of remarks in the next hour.
Athena Jones is at Pearl Harbor in Hawaii and she now joins us live.
Athena, this is historically significant. Earlier this year, we had President Barack Obama going to Hiroshima, and here we have the Prime
Minister of Japan at Pearl Harbor. That is significant, but how has the relationship between the two nations evolved?
ATHENA JONES, CNN NEWS CORRESPONDENT: Hi Eleni, it is significant. The White House knows that these are two historic visits. The President's trip
to Hiroshima taking place, seven months ago to the date, him becoming the first U.S. -- sitting U.S. president to visit that sight to pay his
respects to the tens of thousands of people who died there, now, Prime Minister Abe doing the same here. I can tell you that they have just been
on the USS Arizona Memorial. They're still there right now. We saw them arrive in several boats. And so we expect them to be leaving relatively
soon.
We know that Prime Minister Abe wanted to offer prayers to those who died, not just on the Arizona itself more than a thousand men, but to the more
than 2400 people who died during that surprise attack here 75 years ago that started the war.
But in these years since, in the year since the end of the war, these former adversaries have become what the U.S. calls and what Japan calls the
closest of allies. You hear this over and over again from White House officials when traveling in Asia, including during this trip to Hiroshima
in May that the U.S.-Japan alliance is the most important relationship for the U.S. in the Asia Pacific region.
And so, when these two leaders deliver remarks, we expect them to touch on that, touch on the power of reconciliation on the friendship that is
developed between the two countries.
We also expect that to be somewhat emotional. I mean this is an emotional event. It was emotional when President Obama visited Hiroshima. That was
something that we're told by the Prime Minister's office, something that the Japanese people built deeply in their hearts. They told us it was an
emotional moment for them.
We expect something similar when we hear of from Prime Minister Abe who said before coming here that this would be a visit to save (ph) the souls
of those lost. And so we expect to hear him reflecting in an emotional way, not a policy stage but in a more emotional evocative speech about what
he has just experienced. And we'll be hearing from both of those leaders not too long from now.
[16:25:04] GIOKOS: All right. Athena, thank you very much for that update.
Shinzo Abe's visit is history-making and underpins a new direction for diplomatic ties. But as Barack Obama moves out and Donald Trump moves in,
what will be the impact on U.S.-Japanese relations?
Joining me now from San Francisco is Lawrence Greenwood. He is a Senior Adviser at Bower Group Asia and former U.S. Ambassador to the APEC Group.
Thank you, Ambassador, for joining us today.
It seems that a lot is at stake. I mean you've got the issue of security, talk about trade, and the state of TPP. What is your prognosis of what the
U.S.-Japanese relations are going to look like in 2017 and the next four years?
LAWRENCE GREENWOOD, SENIOR ADVISER, BOWER GROUP ASIA: Well, I think certainly this visit to Pearl Harbor is going to put the relationship in a
very good place starting for next year. And this is indeed a very symbolic visit that he's doing. It puts the finishing touches on what is an amazing
story of reconciliation between formally two bitter enemies.
There is a degree of uncertainty. However, the Prime Minister has developed an excellent relationship with President Obama. Obviously, we
have a new President coming in and there is some uncertainty about that.
But I think that again, the relationship is going to be in a very good position. Japan is making it very clear. As you just stated that the
U.S.-Japan relationship is the most important one for them. And also again, it cleared that we need each other, that Japan is no longer a
country of rotating Prime Ministers, a declining economy, winning relevance, but is becoming a -- is dynamic, robust and indispensable ally
for the United States and Asia.
GIOKOS: While relations have been cemented more so than ever this year, we've heard Donald Trump coming out and saying that he is questioning the
amount of money that he spent on the security and generally the security framework, is that going to create any kind of geopolitical worries in the
years ahead?
GREENWOOD: I think that issue has come up but it's not clear which of these statements will be followed up with action in the new administration.
So I think we just have to have a wait-and-see attitude.
The Japanese government has made it very clear particularly since Prime Minister Abe came in that they are going to do what it takes to keep that
relationship strong. They're making great efforts with some very touchy and controversial issues in Okinawa with the bases there and moving
forward.
So they're increasing their military spending and that should go, I believe, some ways to persuading the president-elect that they're doing
their share.
GIOKOS: This was a touch on the unsighted message for Asia as well as China. And in terms of the counter balance, in terms of rise of China
economically and militarily and how the U.S. and Japan relationship can ensure that there's balance that is struck in that regard. Is that also a
concern would you say? I mean I guess, we're just sitting here and saying, well, we -- because we have things play out, that these are going to be
very important topics that are going to perhaps make or break relations down the line.
GREENWOOD: I think the issue of security in Asia is going to be a key one. And I think it's going to -- given the basic national interests that are at
stake here in Japan, in United States and in China, that it's going to actually make force in even stronger U.S.-Japan relationship, because their
national interest coincides so much with this.
And that doesn't mean that they have an interest in terms of containing China but they do have an interest in ensuring that the rise of China,
which is inevitable, will be done in a way which is both peaceful and consistent with increased prosperity in the region and in the world.
So I think that those interests are going to be making a very strong foundation for further strengthening of the U.S.-Japan relationship.
GIOKOS: Thank you very much, Ambassador, for your time. Much appreciated.
Stay with us, we'll have more reaction as the film industry pays tribute to actress Carrie Fisher.
Don't go anywhere.
(COMMERCIAL BREAK)
[16:30:00] GIOKOS: Hello, I'm Eleni Giokos.
Coming up on the next top hour of Quest Means Business, the cost of bailing out one of Europe's oldest banks just got a lot bigger and they could soon
be more active use of Tasers on board Korean Air after a passenger goes berserk.
Before that, these are the top stories we're following this hour.
Tributes continue to come in for Actress Carrie Fisher who died today, just days after suffering an apparent heart attack on a flight from London to
Los Angeles. She was 60 years old. Fisher is best known for her role as the independent and witty Princess Leia in Star Wars.
Japanese Prime Minister Shinzo Abe and U.S. President Barack Obama are at Pearl Harbor, Hawaii right now on a historic visit. Mr. Abe is there to
pay respect to the more than 2,400 Americans who died on December 7th, 1941 when the Japanese attacked. He says, his visit is meant to in the hearts
(ph) sues with souls of the victims.
Israel is pushing ahead with plans to build hundreds of homes in East Jerusalem despite a U.N. Security Council resolution condemning that most
construction there and in the west bank. Israel is serious over that vote and says it has ironclad evidence the U.S. orchestrated it.
Russian now has the first flight recorder from the Moshi flight that crashed over the weekend and data from the so-called black box could
explain why the plane carrying 92 people crashed shortly after takeoff on Sunday but experts say it could take weeks to extract.
All right, we're returning to our top story now this hour. More tributes are coming in for the late actress and acclaimed writer, Carrie Fisher.
The iconic star who portrayed Princess Leia in the Star Wars series died in the hospital today.
Let's bring in CNN's Paul Vercammen on Hollywood Boulevard. Paul, I know you've been talking to a lot of the Star Wars fans. What is the sentiment
right now on the ground?
PAUL VERCAMMEN, CNN CORRESPONDENT: Well, tremendous sense of loss here in Hollywood Boulevard. You might able to see behind me some of the people
here in Hollywood Boulevard dressed as Star Wars characters and they're all saying that they're just devastated. And among others, a man dressed as
Darth Vader said that he's on that generation where as a boy, it seem that everybody had a crush on Princess Leia who of course is Carrie Fisher.
Now, she transcended that Princess Leia role because she was an extremely skilled writer and you may even recall, she wrote the best seller
"Postcards from the Edge "and that really opened eyes around the world because she recounted her travails as being the daughter of Hollywood
royalty, Debby Reynolds and Eddie Fisher. And she was extremely open about her addiction to drugs and being bipolar. And she just garnered even more
love from fans because they believed that there was tremendous depth to this person who they were introduced to as Princess Leia but wound up being
just as tremendous insightful wordsmith.
[16:35:05] GIOKOS: Yeah. I mean, and she portrayed so much, especially for woman in the 1970s, seen as a revolutionary. But at the same time,
there was a lot more to her in the years to come showing just how talented she was and the depths of her talents.
VERCAMMEN: Absolutely true. She was called first the heroine for her age. I mean a real strong female character. After all, she goes from a princess
to a general. And then beyond that, we started to talk about her proving her medal as a writer and author first in "Postcard to the Edge."
And by the way, that was going to be a very successful movie with Meryl Streep in the sort of title role. And Carrie Fisher had said, she didn't
feel that she would be comfortable in being on screen in that. And then she went on it with wishful drinking. She was writing for the stage. She
was writing books and she was also a script doctor in Hollywood and she would contribute to anything from Lethal Weapon 3 or the Coyote Ugly all
but at the behest of other writers have found wanting to polish up a script.
She also helped write some of the latter Star Wars movie so an immense talent on a lot of different levels and also a very sharp wit and a sharp
pen.
GIOKOS: Thank you very much, Paul. What an incredible life, all the while suffering through bipolar disorder as well. But Carrie Fisher fans across
the globe are saying their goodbyes to this iconic actress on social media. Those who knew and loved her are paying tributes as well.
Fisher's co-star in the first three Star Wars films, Mark Hamill, tweeted this upon hearing the news, "No words #devastated".
CNNMoney's Chloe Melas joins me now with more on the outpouring of grief on social media. Chloe, thank you very much for joining us.
CHLOE MELAS, CNN MONEY CORRESPONDENT: Of course.
GIOKOS: A sad day but, you know, she stood for so much and she did so much in her lifetime.
MELAS: Yeah.
GIOKOS: And it's not over just yet because we're going to see her again.
MELAS: Exactly. Well, so, you know, I need to point out that for four days, fans were holding out hope that she was going to make it. And we
thought that, you know, she was in stable condition and that she would make it, and that 2016 wouldn't add Carrie Fisher to the list of celebrities as,
you know, so many have died this past year. And several of her co-stars have actually spoken out but, you know, they spoke out first when the news
of her heart attack first happened on Friday and now obviously they spoken out again.
You know, we actually have William Shatner, who knew her very well, who said I'm deeply stunned to learn of the death of Carrie Fisher. I will
miss her venturing a wonderful talent and light has been extinguished. You know, also somebody else that spoke out is Anthony Daniels and he said, I
thought I had got what I wanted under the tree. I didn't in spite of so many thoughts and prayers from so many. I am very, very sad.
And one more from Billy Dee Williams who said, I'm deeply saddening up the news of Carrie passing. She was a dear friend who I greatly respected and
admired. But back to what you said, we're going to be seeing a lot of Carrie Fisher next year. So in March, she has an HBO documentary coming
out, starring also her mother, Debby Reynolds. They had a very tumultuous relationship but in this documentary, you're going to see that they lived
right next door to each other and that they got really close and that they actually finished each other's sentences.
I mean, it was a really wonderful relationship and the movie is called Bright Lights. It comes out this March. But fan fact that people might
not realize is that, Carrie Fisher had already filmed another Star Wars movie that is expected to be released next December. So a year from now,
it's currently untitled that was speaking to our resonant Star Wars expert here at CNN Frank Pallotta who was telling me that, as of now, the film is
in post production. So you're going to be seeing a lot of Carrie Fisher despite the fact that she's passed but that just go to show you her legacy
right there.
GIOKOS: All right, Chloe, well thank you very much for that insight. I'm looking forward to that --
MELAS: Yeah.
GIOKOS: -- the Star Wars and of course the documentary that's going to be released. Thank you very much.
MELAS: Thank you.
GIOKOS: All right. And still ahead, the world's oldest operating bank needs a bigger bailout. We're live to Milan to find out what's next for
Italy's Monte Dei Paschi. Stay with us.
(COMMERCIAL BREAK)
[16:41:39] GIOKOS: The cost of bailing out Europe's weakness bank will be almost twice as big as expected. Italy's Monte Dei Paschi forted only
needed $5.3 billion to plug a hole in its finances. Now, a new estimate from the European Central Bank says the world's oldest lender will lead
$9.2 billion. That means, it's will suck up almost half of the money set aside in Italy's fund for struggling that. Trading in Monte Dei Paschi
shares has been suspended since Friday after it failed to raise enough capital from private investors and said it would need a government rescue.
Francesco Giavazzi is a Professor of Economics at Bocconi University in Milan. He now joins us. Thank you very much, Professor, for your time.
FRANCESCO GIAVAZZI, PROFESSOR OF ECONOMICS, BOCCONI UNIVERSITY: Hello.
GIOKOS: You know, we're looking at Italy's banks on the pass of nationalization and here we have one bank that needs at least, well above
half of the money that has been set aside to pump liquidity into the entire banking system. Do you think that that, you know, the government and the
ECB have deducts in a row and now they going to be able to pull this off in time?
GIAVAZZI: Well, the reason for the change of the numbers capital they should be is that the trigger of $5, $5.5 billion was announced by this
should in July. Between July and today, Monte Dei Paschi has lost anything between $10 and $12 billion in deposits. So it's obvious, the amount of
money lending today is larger than what had been designate in July.
Now this being said, now the bank is nationalized. So, the state has, each one's unlimited liability for the old -- for the past couldn't have seen
it. It can be eight, this can be 10, it can be 15, that's not a big issue. The big issue is how long it's been take for the state to have that
multitasking have been running again and be able to put it back on the market to probably today so that's realization (ph).
GIOKOS: How long do you think it's going to take? I mean, when you got banks losing liquidity and Monte Dei Paschi is losing liquidity relatively
fast, you know, one thing comes to mind is you got to take action. You either need to bail them up or you're going to embark them on some kind of
capital control so that there's no more slice of money.
GIAVAZZI: Yeah. The money was flowing out because it was not obvious until a week ago that the bank would not default. And so the default
option is taken off of the table and there should be outflow deposit has stopped because the default option had been there till last week and lots
of money flew out at the bank. I think this now stop. And as they say, the issue is how we'll put this bank, which is from our operational point
of view, a viable bank back in business.
GIOKOS: Francesco, how do you think this is going to pay out? How is the government going to bailout these banks that are in dying need? What do
you think it's going to look like, in what format?
GIAVAZZI: Well, one of them -- so there are two big banks in Italy. Intesa, which had enough capital, we credit just had a capital increase on
the market of $13 billion and dispose assets for another $5 to $6 billion. So I think that was sold in the market.
[16:45:00] Now, there is a large number of small banks that needs capital. They're probably too small to be able to raise additional capital in the
market so the government had to step in. In my view is that the $20 billion set aside by the decrease last May will not be enough because half
will go or almost half to Monte Dei Paschi and then that are not enough for the small banks that are around and it needs more capital.
GIOKOS: Thank you very much, Professor. I much appreciated. That was Francesco Giavazzi, Professor of Economics at Bocconi University live from
Milan.
Now the outrage over air rage. One airline is warning of a nasty joke that passengers who misbehave. First, a highlight for Make, Create, Innovate.
(COMMERCIAL BREAK)
GIOKOS: All right. Welcome back. Breaking news for you, we're getting the first pictures of Japanese Prime Minister Shinzo Abe at the U.S.S.
Arizona Memorial in Pearl Harbor honoring those who died on about 75 years ago after Japan's attack on Hawaii. The White House has said that this was
chose the power of reconciliation that is turned from anniversaries into the places of allies. Those are the first pictures that we're getting as
Shinzo Abe, as well as Barack Obama visiting that memorial in Hawaii. We're going to be checking the story for you and of course, we're waiting
to have commentary from both leaders a little later.
All right, cabin crew on Korean Air are being allowed to use Tasers "during disturbances onboard flight." It follows an incident last week in which
passengers including '80s Pop Star Richard Marx had to help restrain a fellow passenger who eligibly became unruly.
Saima Mohsin, reports.
(BEGIN VIDEO CLIP)
SAIMA MOHSIN, CNN CORRESPONDENT: Airline crew onboard Korean Air flights have previously had access to taser guns but they would only use them
according to the airline when the lives or physical safety of its passengers were in danger. Well now, they are easing to post rules and
unwidening the circumstances when taser guns, and in fact these are, acting stun guns as well can be used by flight attendants and in this case
disturbances.
This, of course, is a direct response to an incident, an extreme scenario that we saw unfold through the social media posts of Singer Richard Marx
and his wife, Former MTV VJ, Daisy Fuentes when they said that they were onboard a flight from Hanoi to Seoul where they saw a man becoming unruly.
The in-flight crew unable to control him and so Richard Marx and other male passengers had to step in. He was abusing, punching, hitting out, and even
pulling the hair of some of the flight attendants. So they had to step in and take control.
[16:50:11] Richard Marx slammed the airline saying, that its staff was untrained and ill- prepared to deal with this kind of scenario. The
airline at the time responded saying that they were following response protocol. Well now they seem to be addressing that by changing their
response protocol by widening the use of this kind of in-flight restraint equipment.
Saima Mohsin, CNN, Seoul, South Korea.
(END VIDEO CLIP)
GIOKOS: So it's not just this incident, air rage is growing. It's a growing problem for global carriers. The International Air Transport
Association says, airlines reported almost 11,000 incidents last year. Now that's up from just under 10,000 in 2014. Almost one-quarter of these
cases involved passengers who had too much to drink or had taken drugs.
All right, joining me now is Katherine DeCelles. She's been studying of this disturbing trend for years. She's the Associate Professor at the
Rotman School of Management in Toronto. She joins us now from Western Newtown, Massachusetts. Thank you very much for joining us.
You know, we're hearing these stories. I mean almost 11,000 incidents last year. This is a scary number. Why do you think that we're seeing such a
big upward trend and are you also saying that, you know, alcohol and drugs are becoming an increasing problem?
KATHERINE DECELLES, VISITING PROFESSOR, HARVARD BUSINESS SCHOOL: Well, thank you for having me. I think first of all, we need to think about how
many flights are accruing every single year, even though that the number 11,000 sort of seems -- it seems very large and affected the very, very
small percentage of all of the flights in which an incident occurs and even rarer that that a more extreme incident occurs that we hear about now on
social media more than ever.
In the data I have, we saw that roughly 33 percent of incidents had to do with alcohol. Really not much information on drugs, of course, it's harder
to tell which passengers are using drugs. So certainly alcohol seems to be a big factor.
GIOKOS: More flights occurring. Absolutely, that is also becoming an issue. What we saw recently with the Korean Air flight is quite dramatic
seeing the pictures coming through but then the use of Tasers as a solution, would you -- do you think that that is a viable option to put on
the table?
DECELLES: Well, I certainly have never heard of that before of the research that I know. Tasers have not been used in the data that I have
access to. Flight attendants at least in North America are trained extensively with physical tactics to use force if necessary both for air
raid incidents, violent incidents and terrorist incidents. I don't know what their training is like in Korean Air.
GIOKOS: So what do you think the base solution is? I mean, looking at the trending that needs to occur to deal effectively with these incidents?
DECELLES: I think training is really the key. It's going to be such a rare event where this happens, probably less than 1 percent of all flights.
So, having flight crew who are trained to tell the signals sort of earlier than violence erupts, I think is very key and having an action plan of how
to deal with it in the least violent, in least disruptive way for the person who is being combative.
GIOKOS: Absolutely. And of course, it's not a great thing to be stuck in a plane, especially on a long hold flight with that kind of panic
occurring. Thank you very much, Katherine for joining us.
Now from anger in the skies to rage at the shopping malls, fights draw that broke out at malls across the United States on one of the busiest shopping
days of the year. Eyewitnesses call it mass hysteria.
Sara Sidner reports from Los Angeles.
(BEGIN VIDEO CLIP)
SARA SIDNER, CNN CORRESPONDENT: Eleni, there was mayhem in shopping malls from New York to Colorado. Brawls breaking out across the United States
among teenagers in shopping malls that were packed with families because at this time, right after Christmas in the U.S., the traditional thing to do
is to go to the mall to return unwanted gifts or find some fantastic deals. Now, this is what some of those families encountered in, for example,
Connecticut.
People screaming as punches are thrown inside shops at Buckland Hills ending with a chase and an officer assaulted trying to break it up. Then
let's move to the middle of the country, Fort Worth, Texas, a huge mall but put on lockdown after massive fights issues there. There was about a 100
middle and high school student involves in that particular incident. The madness ending with officers going store to store to let people out as the
lockdown there was lifted.
[16:55:07] Then we traveled to Aurora, Illinois, another fight involving multiple people at Fox Valley Mall. The mall ended up closing for the
entire day, not good for business. In Ohio, another mall, another fight in the food court and it's all sounding all quite familiar, isn't it? Though,
here's what happened in Aurora, Colorado. That mall was closed as well. Not one, but several fights broke out there and here is what police say
prompted what happened there which may give a clue as to how the others started.
(BEGIN VIDEO TAPE)
UNIDENTIFIED MALE: Our investigation reveal how this all started was actually from social media. There was something that was going around on
social media about a fight that was going to take place here at the Town Center of Aurora, which is what drew all of these people who are up to no
good to our mall.
(END VIDEO TAPE)
SIDNER: What police across the country don't know here in the U.S. is whether or not these were in some way coordinated, potentially with social
media. They have not found those clues that link each one. There were about 11 different malls who have to deal with these fights. And at this
point, there have been some arrests of teenagers, as young as 14 years old and at least seven people were injured in a stampede trying to get away
from what they thought was gunfire and turned out to be just a lot of noise from the fights.
(END VIDEO CLIP)
GIOKOS: All right. So we're just moments away from statements by Japanese Prime Minister Shinzo Abe and U.S. President Barack Obama. Mr. Abe has
been visiting the Pearl Harbor Memorial in Hawaii. Now both leaders are expected to speak. We'll bring you those statements live as soon as they
begin. We saw pictures moment ago and of course, the two leaders already at the memorial.
All right, well that is it for Quest Means Business. I'm Eleni Giokos in New York. Thanks so much for joining us. I'll see you here again tomorrow
at 2:00.
(COMMERCIAL BREAK)\
END
