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Quest Means Business
Donald Trump Speaks At The White House; U.S. Stocks Close Higher After Weak Jobs Report; Hero Pilot: Couldn't Let Everybody Else Die; New York Attorney General: "Active Criminal Investigation" Into Cornell Case; Students And Police Clah Amid School Protests In France; Spanish Lawmakers Reject Measures Aimed At Housing Crunch. New York City Bakery's $60 Loaf Of Bread Sparks Social Media Buzz. Aired 4-5p ET
Aired October 02, 2026 - 16:00:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[16:00:07]
MAX FOSTER, CNN INTERNATIONAL HOST: Let's take you straight to The White House. President Trump is speaking. Let's listen in.
DONALD TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA: -- as is supposed to look, not asphalt broken dirty asphalt. Look at it.
The finest stone you can buy anywhere in the world. Okay, so I am heading to -- I am heading to Alabama, a place that I won all three times, record
votes like Texas, like Oklahoma, like a lot of them and we are going to give a little speech and I hope they like it.
REPORTER: President Trump, you're saying now that if Democrats win control of Congress, they will impeach you, but you've already been impeached
twice. So what's the third time?
TRUMP: Well, I don't know, but I am getting good at it --
REPORTER: At being impeached?
TRUMP: It is a fake impeachment and we could have done that with Sleepy Joe, but we didn't do it because it would have been appropriate. I could
have done that with Hillary Clinton, as you know, I had the chance to do it if I wanted, and I said that would be inappropriate. But with me, they like
to do it.
REPORTER: If you travel all around now, 32 stops before the midterms, do you think it is going to be harder for Republicans to keep the House or to
keep the Senate?
TRUMP: I think it is pretty even. I think that we are making a lot of progress. When I go there, we win. If I don't go there, we would not do as
well.
You know, as you know, when I run, we get 44 percent more votes. So I am asking them to go out and vote because I am not running, but I am saying
pretend I am running. We want to pretend I am running.
I hope you like what you're seeing here. That's getting all sorts of rewards and the best of all, see the new grain, the red -- the red boom --
that's one of the biggest cranes in the world that lifts up the steel for the roof. Pretty cool, right?
You all have got the same question about the same country. Go ahead.
REPORTER: Thank you --
TRUMP: It is always the same question about the same country. But he is a nice guy.
REPORTER: Mr. President. People believe you never get tired.
TRUMP: I never get tired.
REPORTER: And, Mr. President, what will be --
TRUMP: If I got tired, it would be a big story. I can tell you that.
REPORTER: What will be -- what will be your next step regarding Iran?
TRUMP: Well, if I told you you'd have a major story, right? But you'll see. It is working out very well. Iran is not doing well.
REPORTER: -- to pro-life Americans ahead of the midterms. Your message to pro-life Americans ahead of the midterms.
TRUMP: We love them. We love them. We love everybody. I like -- actually, I love everybody, one of those things. But we do love them.
REPORTER: Mr. President, South Korea says they have not signed off on this Alaska Pipeline yet. They're still studying it. Did you jump the gun?
TRUMP: Well, I didn't jump the gun. I mean, they were there and they were represented. And let's see -- if they don't want to do it. That's okay with
me. I will just charge them more.
REPORTER: What do you think about the jobs report?
TRUMP: Wait. Wait. Wait. They said they didn't sign it? Tell them, if they don't sign shortly, I am going to double it up, okay?
REPORTER: Your diesel deal -- sir, your diesel deal, sir with Europe. Your diesel deal with Europe. How did that happen? Your diesel deal with -- your
diesel deal with Europe.
TRUMP: Yes, Europe has a lot of diesel and they're going to be making a major world contribution, and so are we.
And we are not going to be doing the export ban. We are going to be doing what we are supposed to do. But I did ask them, and they're going to -- we
are going to have a lot of oil very shortly. As soon as Iran ends, which won't be long, it is not going to be long. You're going to have oil go down
to the price it was before, maybe even lower than I got it at the beginning.
REPORTER: Sir, if Democrats -- sir, if Democrats win, do you think they'll try to get rid of the Hyde Amendment? If Democrats win, you think they'll -
-
REPORTER: -- a ban on your oil to your export ban to Europe.
TRUMP: We have a very good relationship with Europe, and they wanted to do it because they have a lot of diesel. They use diesel, and they have a lot
of diesel. So I said it would be great if you put it out to the market. They did it and that's what --
REPORTER: What about your relationship with Giorgia Meloni now? How it going?
TRUMP: I think it is a very good one.
REPORTER: Mr. President, Mr.. President, Mr. President. Mr. President is a diesel export ban officially off the table now that you're getting supply
from Europe?
TRUMP: We were never going to do it. I don't think we ever. But basically, Europe is great because they are putting a lot of diesel oil out there.
They have diesel.
[16:05:10]
They use diesel disproportionately more than most and they did a great thing.
REPORTER: Mr. President. Mr. President. Mr. President. On A.I., Mr. President, on A.I. --
REPORTER: You said at the NATO Summit back in July that you don't sanction your friends and it is time to lift the sanctions on Turkey. What's the
hold up?
TRUMP: Who are you with?
REPORTER: CNN Turkey.
TRUMP: Turkey? Yes, I love Turkey.
REPORTER: What's the hold up, sir? What's the hold up?
REPORTER: Mr. President on Brazil --
TRUMP: I will speak to President Erdogan, he is a friend of mine, as you know, and I will speak to him.
REPORTER: -- about the election, are you going to support Bolsonaro in Brazil?
TRUMP: Well, we are looking at the whole thing and we are watching that election very closely.
REPORTER: -- now, off the table for the United States.
TRUMP: Well, it was never really on the table. But what Europe did was a great thing.
REPORTER: Talking about nuclear weapons, are you worried about --
TRUMP: I am, because he is a great man and I am worried about him. I hope he wins. He is a great -- he is a great man. He is a great leader for the
whole Republican Party when I won, and he would be a great senator and as you know, the man, Cooper, he has got a lot of bad crime numbers. He has
got horrible crime numbers.
REPORTER: What do you think about New York's governor appointing a special prosecutor in the Cornell rape case? Letitia James?
TRUMP: Well, Letitia James is a corrupt person. She is totally corrupt, and I can't imagine it. And, I feel badly for whoever she is looking at because
they won't get a fair shake.
Letitia James is a corrupt person.
FOSTER: Donald Trump finishing his chat with the journalists there, quite hard to hear some of it, but he did address this issue with diesel asking
Europe to supply more diesel to the market.
They've agreed to that. He is very happy with that arrangement and no plans to restrict oil -- diesel oil to Europe, as he had threatened to do, which
would have caused major repercussions for the global fuel market.
Kristen Holmes was watching that. I don't know if you heard that, a clearer line to what he was saying, anything else you picked up on there, Kristen?
KRISTEN HOLMES, CNN SENIOR WHITE HOUSE CORRESPONDENT: I mean, one of the things that he said he was asked specifically when it comes to the diesel
that is being put on the market now by Europe. He was asked if the ban was off the table. He said yes, but then he also said we were never really
going to do it, which I think might come as a surprise to some of these European countries who felt like they were being threatened, that if they
didn't release some of this diesel, that they would, in fact, be facing or staring down, you know, staring down at a very tough crisis with the United
States stopping potentially exporting that diesel.
A lot of questions there about various topics. One that was very interesting to me is ahead of the midterms. He talked about being concerned
about Michael Whatley, who is the Republican, who was the head of the RNC, who is running for senate in North Carolina.
And obviously, you can hear that that is him taking off right now to head over to his plane to go to Alabama. The reason why that's so interesting in
terms of Michael Whatley is because North Carolina has been a more red state. The fact that he believes that they are likely going to lose, or at
least kind of signaled that way, it was something that was interesting to watch and it comes as President Trump is going to all of these deep red
states, places that he won by double digits. Now, it seems like he might lose them come November or at least Republicans will lose them.
But, you know, back to what we were originally talking about, this is kind of the big question here was about that diesel and he signed off on it. He
said that the Europeans wanted to do it, that they were great. They were great to work with. They thought it was something that they wanted to do
because they have so much diesel.
Obviously not exactly what we had heard. The thing to note is that this helps President Trump. Diesel prices have already dropped five percent
today since this announcement came. This is coming at a time when prices were above $6.00 a gallon, something that we had not seen before here in
the United States, and it is really crippling a lot of industries and a lot of people who rely on this diesel.
FOSTER: In terms of that situation, is that now resolved? Because it is obviously linked to the U.S. election, gas prices, you know, are an issue
with the midterms. But diesel is such a fundamental fuel. A lot of people don't realize how it sort of fuels most of agriculture and indeed different
forms of transport is, you know, is that solved now, do you think?
[16:10:15]
Because it could have a huge impact if it isn't.
HOLMES: I think its solved between Europe and the United States as there is not going to be any export ban, which President Trump made clear, and the
European leaders have decided and have agreed to release this diesel from their stockpile.
Whether or not this has a long-term positive impact in the United States and across the world is something we are going to have to wait and see. I
mean, there are some real concerns here among analysts and experts that the release of this diesel -- this diesel stockpile could lead to huge global
implications down the road, just given the fact that we are continuing to see shortages in the Middle East, in Ukraine, and that is causing enormous
amount of issues, and now you're taking away reserves and stockpile.
In terms of the pricing, as I mentioned, here in the United States, diesel went down five percent immediately. But again, if this is a long-term
solution, it is unclear. President Trump has continued to say now for eight months that the war in Iran was almost over and that prices would go down
afterwards.
Again, eight months later, they have not gone down, and it is unclear how long this is going to last in terms of lowering prices.
FOSTER: Okay, Kristen, thank you so much. The President there speaking and calming the markets, probably with what he said there. Thank you, Kristen.
Although the drop hasn't been that dramatic, the price of Brent crude has been quite -- is slightly lower today after European nations agreed to
release those barrels of diesel and crude, although the drop hasn't been that dramatic, the price of Brent pretty flat around $102.00 a barrel.
West Texas Intermediate fell more sharply, though, trading at about $91.00.
Bob McNally is the founder and president of Rapidan Energy Group. He joins us from North Carolina.
And you were hearing the President at the same time as us. He gave some very reassuring signs that the situation with Europe is solved. There won't
be this export ban to Europe. That will be reassuring to the markets, presumably.
BOB MCNALLY, FOUNDER AND PRESIDENT, RAPIDAN ENERGY GROUP: It sure will. Boy, it is a great start to the weekend for you in Europe. Europe was very
worried the President had opened the door the last week at the U.N. to an export ban or restrictions. And so he seemed to close it just a few minutes
ago, at least with regard to a total ban.
And, you know, if you look at the statement today by the G7, the one concrete thing in there was that, no G7 member would restrict exports to
another G7 member. So that seems to have been a clear commitment and the President repeated it just now.
FOSTER: Is it a solution though, because we are now tapping into European reserves, which were there for a reason, weren't they? Europe was concerned
that the Middle East War might flare up again and that was their sort of cushion against that. They no longer have that and this reserve will run
out at some point if they keep using it.
MCNALLY: Right, Max. Well, we do need to see the details on exactly how much Europe will draw down of its diesel in the next 20 days. That was left
vague. I understand meetings are going on and we may get an announcement next week, but your point is correct.
If we just step back, the problem we have in diesel, as you said, is the workhorse fuel embedded in every part of the economy. The real problem we
have is the Iran War disruption and the Russia-Ukraine War as a close second. Those two wars have left us basically about a million barrels a day
or more short in the world of traded diesel.
And since we all face the same prices, no matter where we pump up in the U.K. or North Carolina, that really matters. So let's say the French had
offered -- they had suggested 50 million barrels -- diesel drawdown. I think that's too high for the Germans. Let's say they do 30. That could
cover us for a month.
So as you point out, stock releases can help in the near term cushion the blow, but we will only see permanent relief once these wars and conflicts
and their associated disruptions to refining capacity and trade are resolved.
FOSTER: And just explain what these reserves are, because I think it is quite a clear concept in the U.S., because you literally have reserves of
diesel, which are stored. Europe doesn't have that system, does it? It is basically just fiddling accounting. They're just saying they just assigning
certain resources to -- I mean, they are fiddling accounting. Just explain how that -- how the difference is.
[16:15:07]
MCNALLY: Sure. No, actually. So in the United States, we have government owned reserves of crude oil, and we sell it from our government. In Europe,
countries have -- it differs by country. But Germany is the biggest stockholder. But Germany has a combination of government held oil and then
oil that the government controls, but it is held by private companies. It is a mixture.
But each country has a law that says if the government wants this oil, it can order you to sell it. So, the right way to think about it is while
Europe has some of its strategic inventories located at private companies, the government can get to it.
The other big difference is, and this is why President Trump has been so focused on Europe, is unlike the United States, which holds almost entirely
its reserves as crude oil, Europe, especially France and Germany, hold a good part of their reserves in diesel fuel and refined products.
That's why, for example, during Katrina, when there was a refined product problem, Europe was able to offer its diesel stocks. The United States
wants Europe to do that again, and the governments in Europe have that authority if they wish.
FOSTER: Okay. I really appreciate it. You explained it so clearly because it is complex.
MCNALLY: It is!
FOSTER: But Bob McNally, thank you so much for bringing us your thoughts on that. Thank you.
When we return, the hero pilot who fought off a brutal attack to save his passengers speaks out. What he says kept him from giving up as he felt the
plane plummeting.
(COMMERCIAL BREAK)
FOSTER: The U.S. economy added just 29,000 jobs in September. That's far fewer than the 90,000 that economists had expected. It is also a sharp
slowdown from August, when more than 100,000 jobs were added.
The unemployment rate, meanwhile, ticked up to 4.2 percent last month. Wall Street took the Jobs Report in a stride. However, the Dow actually gained
250 points. The S&P 500 finished in the green as well, and the NASDAQ rose more than one percent to finish the week.
Investors may believe that the Fed will be less likely now to raise rates because of the soft jobs number.
I am joined by Nicole Bachaud, labor economist for Zip Recruiter. Thank you for joining us. I mean, it was sort of a bizarre reaction from the markets,
wasn't it? But you know they gave a positive reaction. It is actually the Jobs Report that was so bad, right?
[16:20:10]
NICOLE BACHAUD, LABOR ECONOMIST, ZIP RECRUITER: Well, you know, the Jobs Report was in line with the expectation that the lending environment is
becoming more expensive for employers as those costs for borrowing money rise, there is going to be less expansion and less hiring for the near
term.
As a result, we saw employers kind of pulling back in this report, what we did see was workers were kind of expecting the opposite. They were hoping
to see another August with really high jobs numbers and we saw civilian labor force participation picking up for the second month in a row after a
year of sustained declines that says workers were ready to go, hoping that employers were going to follow suit and that's really where the uptick in
unemployment came from, was the fact that more people are looking for -- more people are looking for jobs, not because fewer people are working.
So I don't think the Fed is going to read that slight uptick in unemployment as necessarily a bad figure.
FOSTER: How seasonal is this? You know, for the time of year, because there might be a concern that this could be an ongoing trend. But any suggestion
of that because they're still adding jobs, that's a crucial thing.
BACHAUD: Yes. We are still seeing job growth and job growth that's a little bit more distributed than a report that we would get maybe late 2025, where
it was only health care adding jobs in the market.
Now, we are seeing a little bit more industries kind of coming to play in the same way. When we think about what's coming for the next couple of
months, it will likely be more soft job numbers. We are not going to see those strong -- you know, triple digits, probably for the rest of this
year, it I likely that the -- you know, both inflation and these rates are going to stay elevated, at least for the next couple of months. And so
that's really going to put pressure on those employers.
When we look at seasonal holiday hiring, spending from consumers is down in categories that we typically see those seasonal boosts like leisure and
hospitality and retail. We've also seen a decrease in employment trends for labor and warehouse workers.
So, you know, people who are typically ramping up to meet that holiday kind of spending and consumer demand, we are probably not going to see that
strong of a holiday season this year. And so that's kind of showing up early on in this jobs report as well.
FOSTER: August was a particularly strong month, wasn't it? A hundred thousand jobs were added. So are we making a bit of a false comparison here
because it was such a strong period in the previous period?
BACHAUD: Yes, the 29,000 jobs that were added in September also came with a downward revision for both July and August's figures. August saw some
really big strength in state and local education, particularly had a pretty big boost last month, so that could have been more of a one off versus a
sustainable trend that we are likely not going to see continuing.
But, you know, throughout 2026, we've seen a lot of ups and downs where one report reads really well and then something happens, something changes in
the economic picture, and we see the trends going in the opposite direction the following month. So we've been in this volatile environment where
employers are responding in real time to the data that they are getting.
FOSTER: Okay. Appreciate it, Nicole Bachaud, thank you for joining us going through those numbers.
Now for the first time, we are hearing from the FlyDubai captain who fought off a savage attack by his copilot and helped save the lives of more than
170 people on Wednesday's flight heading to Tel Aviv.
From a hospital bed in Abu Dhabi, Captain Smit Machchhar spoke with India's Prime Minister about how he managed to open the cockpit door to get help.
His wife is also speaking out. Take a listen.
(BEGIN VIDEO CLIP)
SONAL MACHCHHAR, FLYDUBAI PILOT'S WIFE: We haven't asked him anything because right now we don't want him to get flashbacks of the incident. I am
just so grateful to God that he has been saved and everyone on the plane is safe.
(END VIDEO CLIP)
FOSTER: Jeremy Diamond joins us now. He has been reporting on this all week. I mean, it has been fascinating to hear how things played out on the
airplane, right? But you really learn how they were very fortunate about the circumstances despite the massive misfortune of this happening in the
first place.
JEREMY DIAMOND, CNN JERUSALEM CORRESPONDENT: Yes, absolutely. And, you know, I've been speaking with people for the last several days who were on
that flight, including some of the heroes who rushed into that cockpit to subdue the copilot who had attacked this Indian pilot that we are now
hearing from Smit Machchhar, but this is the first time that we are hearing from that pilot himself.
And his account is obviously so critical because of the way in which he was able to open the door of that cockpit, and that allowed for the actions of
the other heroic passengers on that flight.
[16:25:12]
In this conversation with the Indian Prime Minister speaking from his hospital bed, Machchhar described how he was fighting for his life, so
badly wounded that he was on the floor and that's when he thought what would happen if he didn't get up? Listen.
(BEGIN VIDEO CLIP)
SMIT MACHCHHAR, FLYDUBAI PILOT (through translator): When I was on the ground, I realized that the aircraft was falling down and I knew in that
moment, one last push, Smit, just do it. The door is right there.
And even at that time, he was beating me up. And then I just opened it, sir, and then everybody came and everybody else also played an equal role
in this.
I was telling, sir, that I was doing this for my life, but at the same time, I knew that I cannot let everybody else die.
(END VIDEO CLIP)
DIAMOND: And every single person that I've spoken to who was on that flight has described Machchhar as a hero, even those who didn't know exactly what
he had done or seen him in that moment.
One man who certainly did see him was Dr. Shota Musaev, the dentist who was on that flight and provided first aid to Machchhar as he was on the ground
after they had subdued the attacker.
Dr. Musaev told me that he was really concerned for Machchhar's life. He said that as they were approaching that landing in Saudi Arabia, that much
of his blood pressure had plummeted, that he had lost a lot of blood and was even losing consciousness. But thankfully, Machchhar did survive that
flight.
He then received initial medical treatment in Saudi Arabia before being taken to the United Arab Emirates, where he is now recovering -- Max.
FOSTER: I believe the copilot is also there. Where are we with the investigation? We don't even know his name at this point, do we?
DIAMOND: No, his name has not been publicly released yet by authorities. We know that the Saudis carried out an initial investigation in Saudi Arabia
and then ultimately extradited him to the United Arab Emirates. The Emiratis are now in control of this investigation. We know that the word
"terrorism" has started to be thrown around, not only by Israeli officials, but also by a foreign policy advisor to the UAE's president. And so we will
see where this investigation leads.
Officials who we've been speaking to so far have said, you know, that there is this potential element of radicalization, but that his motives, his
intentions are still very much unknown at this point.
FOSTER: Okay, Jeremy, appreciate it. Thank you so much.
When we return, major new developments in a case that sparked outrage around the world. New York's governor says she wants to find out the truth
about gang rape allegations at Cornell University. We will you who is taking over the investigation.
(COMMERCIAL BREAK)
[16:31:07]
FOSTER: Hello, I'm Max Foster. More QUEST MEANS BUSINESS in just a moment, when we'll tell you why the New York attorney general says the Cornell case
is now an active criminal investigation.
And I'll speak to the owner of a New York bakery charging $60 for a loaf of bread. Before that, the headlines this hour.
G7 leaders have agreed to release a hundred million barrels of diesel and crude oil from emergency reserves. The U.S. had threatened a ban on U.S.
diesel exports if European nations didn't comply. Moments ago, President Trump confirmed that he would not impose such a ban. Mr. Trump is trying to
lower gas prices ahead of November's midterm elections.
CNN is obtaining unsealed body camera footage of Luigi Mangione's arrest inside a Pennsylvania McDonald's. The video was taken just days after
Mangione shot and killed United Healthcare CEO Brian Thompson in New York.
It shows the moment an officer found a gun linked to the crime scene. Mangione pleaded guilty in August to federal charges in the killing.
Christa Pike, the death row inmate who survived two lethal injections in the U.S. state of Tennessee is on a ventilator and remains unconscious
after her botched execution.
That is according to our attorneys in a new court filing. Pike is on death row for the 1995 torture and murder of her 19-year-old classmate. She was
set to become the first woman executed in Tennessee in 200 years. Now, her legal case is at a standstill.
Now, two years after a former Cornell student alleged that she was gang- raped at a fraternity house party, an active criminal investigation is now underway. It's a case that has sparked global outrage.
New York Governor Kathy Hochul has appointed State Attorney General Letitia James a special prosecutor to take over the case from a local district
attorney.
At a news conference on Friday, alongside James, Hochul, said the woman known as Jane Doe was failed by the very institutions and officials that
should have protected her.
(BEGIN VIDEO CLIP)
GOV. KATHY HOCHUL (D-NY): No institution gets to protect its reputation at the expense of a young person seeking justice. No public official gets to
look the other way when the system breaks down and fails our young people.
LETITIA JAMES, ATTORNEY GENERAL AND SPECIAL PROSECUTOR, NEW YORK: I know that you want answers. I do too. A comprehensive investigation of this
nature takes time, but my office is committed to seeing it through.
(END VIDEO CLIP)
FOSTER: Gloria Pazmino has been closely following this case all along.
This is a big moment, isn't it? Because it becomes a criminal investigation and a really high-level one as well.
GLORIA PAZMINO, CNN NEWSOURCE NATIONAL CORRESPONDENT: That's right, Max. It's being handled by the state attorney general, Letitia James, who is now
bringing the full power and staff and resources of her office to this investigation after the governor said today that she had simply lost faith
in whether the Tompkins County district attorney, the man who originally led the investigation back in 2024 and who just this past week said he
would reopen that investigation. The governor saying she had lost faith that he could actually do that in a transparent way that would satisfy the
public scrutiny that this case is getting right now.
Not only is the D.A. in the spotlight here, but also Cornell University, Cornell Police, and everyone that was involved every step along the way
about how this investigation was handled.
[16:35:01]
So, what this means now is that Letitia James, the attorney general will now have the power to go in and investigate, and she is going to start from
scratch. You heard her there saying that this is expected to take a while. She now has the power to collect evidence, to collect witness statements,
interviews, whatever evidence may be out there in the form of recordings or photos or videos, and she also has the power to present all of that
evidence to a grand jury that may or may not decide to actually bring charges in this case. That's how the legal process is going to play out in
the -- in the next few months, likely.
It also means that the Tompkins County District Attorney Matthew Van Houten is now totally removed from this process. His authority over this is
essentially nullified by the governor's order.
And I think, you know, the fact that the attorney general is going to be able to go in and start her investigation, collect evidence, talk to
witnesses, is important because we have learned so much over the past few days.
We have gotten documents and we have gotten photos and we have gotten statements trying to piece together a picture, right? And there are so many
gaps.
And there are real questions about what evidence is out there that perhaps we don't know about. We don't know if that evidence was collected. We don't
know if that evidence was preserved, and this is something that Jane Doe's attorney has been talking about, about how he believes there may have been
a missed opportunity to secure some of that evidence. Take a listen.
(BEGIN VIDEO CLIP)
THOMAS GIUFFRA, JANE DOE'S ATTORNEY: If they had gone in, grabbed these phones, pulled the data, they could have found stuff. They could have found
evidence. That's -- doing an investigation. Now, that evidence is stale. It's difficult to get phone records. It's difficult to get records of
texts. It's very challenging how that works. So, I'm hoping that with Letitia James' investigation, she will be able to get it, because she will
have a lot more authority --
(END VIDEO CLIP)
PAZMINO: So, what we have also seen in the last, you know, 24 hours or so is a continued pointing of fingers between the District Attorney's Office,
who has said the information was not turned over to me in its full picture, and the Cornell University that is also saying we gave the district
attorney what we had.
So, it's a real case of, you know, this person said and that person said. Now, this new investigation will have to start from scratch. And I think,
in the meantime, there is a lot of soul searching happening, not just on the Cornell University campus, but frankly, all campuses across the United
States, and as you said, even globally, given this case, bringing up these questions again about sexual assault, how women are treated in the criminal
justice system, how seriously allegations are taken, and whether or not they are properly investigated when women decide to come forward.
And we will see what happens. You know, this is certainly not a final decision. We are -- we are not talking about an indictment here. There is
still a lot of information that could come out of this that may or may not change the story in the end. Max?
FOSTER: Yes. But she does have the authority to get more, doesn't she? So, that's the key thing.
PAZMINO: Yes.
FOSTER: Thank you so much, Gloria.
Growing discontent in Europe, spilling onto the streets. We will discuss what's behind the demonstrations in Spain and France, next.
(COMMERCIAL BREAK)
[16:41:08]
FOSTER: Eurozone inflation surging more than expected last month. Prices rose 3.8 percent from the year before. The rising costs adding to the
pressures across Europe.
In France, widespread protests are being fueled by demand for more resources in schools. Tear gas filled the streets of Paris during clashes
between students and police.
Melissa Bell is there with more.
MELISSA BELL, CNN SENIOR INTERNATIONAL CORRESPONDENT: It's been another day of violence and barricades as student protests continue at high schools
across France. More than 560 impacted by those protests this Friday, according to authorities at this high school in Paris. Students had set
fire to the doors of their school earlier today. Even now, those doors are being repaired.
Elsewhere, we have also seen violence between police and students at several locations across the country, and again, barricades, fires, more
violence, and a determination on the part of students to stand firm in their demands for better funding.
There is a meeting that's to take place between the education minister and student leaders, but what we have seen from the authorities is they say
there was a sort of ratcheting up on Thursday, that what had been a student protest had thrown into more urban violence, with nearly 2,000 people taken
into custody over the course of the day on Thursday.
The question now, whether that meeting with student leaders will manage to bring to an end this protest, which has only really gained speed and
intensity, and violence and determination on the part of students over the course of the last 10 days.
Melissa Bell, CNN, Paris.
FOSTER: Over in Spain, protesters are demanding action on a housing crisis.
Here is the scene in downtown Madrid, after lawmakers rejected a relief package. Pau Mosquera was in this square earlier.
PAU MOSQUERA, CNN SPAIN CORRESPONDENT: The dominant mood amongst those protesters that have been camping out for almost a week at Madrid's Puerta
del Sol is frustration and disappointment.
This is because both the quiz that were approved by the Spanish government on Tuesday as to tackle the housing crisis did not get enough support at
the Spanish Parliament.
Nevertheless, some of the demonstrators told me that they were kind of expecting this result because most of the parties with representation in
Parliament already had rebuild the sense of their vote on this Thursday night.
So, right now, the intention of those thousands of demonstrators that have been camping out downtown Madrid is to continue to maintain this pressure
on the streets.
So far, they have decided that they will call some more demonstrations over the weekend. And in Madrid, they are expecting to gather a huge multitude
of people, a huge crowd, as to march across downtown Madrid from 6:00 a.m. Eastern Time.
Now, politically, now, this opens to a period of uncertainty as both decrees have not gotten the green light of the members of the parliament
from the opposition. They are already asking the government to call for an early election. But it is not clear whether Prime Minister Pedro Sanchez
will do so.
Some national media outlets are saying that he may be considering bringing the elections forward, but CNN contacted the government, and they have not
confirmed this so far.
So, right now, everyone's eyes is going to be on the next moves from the government, but also on what the demonstrators do on the streets of the
different cities across Spain.
Pau Mosquera, CNN, Madrid.
FOSTER: Tim White is a research fellow at King's College London and the London School of Economics. Thanks for joining us, Tim.
I mean, if you look at the way rental costs, property prices have increased, combined with problems with public housing, I mean, it's a --
it's a European problem, isn't it?
[16:45:12]
But it seems to be focused on Spain right now.
TIM WHITE, RESEARCH FELLOW, KING'S COLLEGE LONDON: Yes. No, absolutely. This is totally a Europe-wide issue. You know, in many cities, we are
seeing people spending over half of their incomes, almost as much as 80 percent in some cities, on average on housing costs.
In Spain, you know, rents have surged by 80 percent in the last decade. So, yes, Spain is just kind of one example of the kind of surging politics of
housing across Europe at the moment.
FOSTER: There is a desperate need for housing, basically, particularly, affordable housing and public housing. So, you know, what went wrong over
the last couple of decades to get to this point because it's a relatively recent problem.
WHITE: Yes, I mean, I always put it down to, you know, the privileging of housing as a financial asset over being a home. So, if you look at the case
that ignited these protests in Spain, it was a -- elderly lady being evicted from her home, because an investment fund had bought up her
building and increased the rent from 500 euros to 2,650 euros. You know, this is an extreme example, but it speaks to a broader problem, which is
basically that housing is being increasingly treated as a commodity across Europe, and that's driving up housing prices and also kind of displacing
residents.
FOSTER: But that's way capitalism works, isn't it? Isn't the real issue not necessarily the private investors coming in? They are, you know, doing
something that's legal and makes them money. The problem is that the governments haven't controlled it. Right? And allowed for housing to be
affordable in certain areas.
WHITE: You are absolutely right. It's all about the government and the government's inaction on this area. You know, we have seen in Berlin
recently had a mayor elected kind of on affordable housing agenda.
Obviously, you have got Mandani, and we really see how you know when political movements take housing seriously, they -- you know, they gain
support. When people see that governments are serious about you know putting their kind of most fundamental needs, whether that's education in
France or housing in the case of Spain, you know, this is just essential for kind of contemporary politics.
FOSTER: Yes, and it's -- I -- you know, you bring up, you know, the issue in France with schools and dilapidated buildings and not enough resources,
not enough teachers. This is the challenge, though, isn't it? You know. They have different priorities, and what do they put first. And they seem
to be fighting fires on multiple fronts.
You know, the transport system, the education system, the health system, the housing system. It all feels quite unaffordable at the -- at the
moment, and is creating this rich-poor divide, isn't it?
WHITE: Yes, it absolutely is. You know, but you know, there is a lot more that could be being done. So, obviously, there are trade-offs. There are
challenges. These issues are hugely complex. They require really long-term thinking outside of electoral cycles, but they are absolutely essential.
And, you know, governments that ignore these issues do so at their -- at their peril.
FOSTER: Yes. OK. Appreciate your time and thoughts on this. You know, it's a mega issue. Tim White, really appreciate it.
Now, a debate about affordability also brewing in the United States, fueling the discussion, a $60 loaf of bread, would you believe?
Up next, I'll speak to the owner of New York's Rye Bakery.
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[16:52:09]
FOSTER: Flour, water, and salt. Three simple ingredients found in most kitchens, of course. Altogether, they make up a recipe pretty much as old
as time, and it spread, of course.
Rye Bakery in New York City selling this humble staple for $60 a loaf, however, and it's creating a buzz on social media, as you would expect.
Rye says the $60 price tag accounts for importing a specific type of flour from Austria, on-site craftsmanship, and New York City rent as well.
The bakery is getting lots of attention at a time when affordability is a major issue for many New Yorkers.
Martin Auer is the owner -- the founder and the owner of Rye Bakery.
Well, it's not doing you any harm in terms of business, is it? Because we are all talking about it. And, of course, it's not as simple as three
ingredients, it's how you make it, and there is amazing bread, and there is not so good bread.
But just explain how you got to that price.
MARTIN AUER, OWNER, RYE BAKERY: Yes. Well, it's quite a lot that it would be worse to tell about. But Rye, as we simply call it, is the pinnacle of
what bread can be. Rye bread nourished generations for many centuries in most of Europe, especially northern -- in the northern Alps.
My family worked on our special version of Rye bread for decades since my father created it in the late 60s.
And when I took over the business, me and my team worked on the perfection of the signature bread, and we are now famous for it. And it was passion
and devotion, so to say, maybe blood, sweat, and tears that we put into it.
It's hundred percent rye sourdough, organic, GMO-free from ancestral untouched soil, the kind you won't find in the U.S. A vegan bread, of
course, with no additives, no yeast -- no yeast.
So, I always say I have three kids, but one baby, and this baby is Rye. And as a -- as a creator and a baker, I'm comfortable struck by the lack of
appreciation for good food in general. So, I would say it's about people are not shocked by, for example, for -- by wine for $300 a bottle at a
specialty store compared to that for $6 at a bodega around the corner in New York, for example.
But I can tell you the difference of those is probably nothing compared to real good bread in relation to that from the industrial production, and we
did not even talk about the health issues.
In contrast to wine, you add to your health by eating more rye bread, as you can imagine.
[16:55:05]
It's much less sugar spikes than --
(CROSSTALK)
FOSTER: Yes.
AUER: Much less -- and so on. You know, there is -- there is a lot you --
(CROSSTALK)
FOSTER: Yes.
AUER: You can -- you can mention much more vitamins, minerals than wheat bread, much longer shelf life due to the fermentation and the sourdough.
FOSTER: Yes.
AUER: So far, about $18 a pound. You know, that's also what the last thing that -- at least, the last thing that has to be mentioned. That means, so
far, about $18 a pound.
I can tell you money well spent, and --
FOSTER: Yes.
AUER: There -- we didn't -- and we didn't even talk about the values.
FOSTER: Yes. It's not a regular loaf of bread, is it? Because of everything that goes into it, as you've described, and you know, it comes with higher
costs.
AUER Yes, yes.
FOSTER: But just explain to us who is buying it. Presumably, it's not people buying it every day for their morning toast, or are there people
buying it every day just because it would add up certainly? Or is this a special treat that they would buy for a dinner party, for example?
AUER: You know, the thing is, we are -- we are used to that, that bread. And to be honest, of course, it's cheaper to produce that in our bakery in
in Austria. But this kind of bread adds so much to a lot, and I mean, it's not only the health issue I mentioned, but it's also the taste or with a
different kind of spreads.
So, we are used to eat that every day, especially, a lot of people in Europe. Coming -- and that is the -- to be honest. After this huge hype,
although, they are very good recommendations of print and online and either from journalists or different kind of medias. But the big release -- relief
for me and for our team is people coming in, tasting either the fresh one, the toasted one with a different kind of spreads, and they are surprised by
the -- by the taste and the experience.
So, yes, we already met the experience and expecting that we offer something for those who care, as we say, either on the nutrition, health,
sustainability, long shelf life of this bread, and those who care, as we say, and I'm shy to mention, those can do the math.
FOSTER: OK, yes. They have to be good at math's.
For us, Martin, thank you so much for joining us.
(CROSSTALK)
AUER: Yes, it can be --
FOSTER: And I'm glad. I've got to go. But thank you so much.
That is QUEST MEANS BUSINESS. I'm Max Foster. "THE LEAD" with Jake Tapper is next.
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