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What We Know with Max Foster
More Than 1,300 Missing After Deadly Floods In Nepal, China; Jury Deliberations Underway In Lindsay Clancy Case; UEFA Preparing Criminal Claims Against FIFA's President; Trump Signs Order Renaming Lake Ontario To "Lake America". Aired 3-4p ET
Aired August 27, 2026 - 15:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[15:00:34]
MAX FOSTER, CNN HOST: Rescue efforts intensify after catastrophic mudslides.
This is WHAT WE KNOW.
The true scale of the deadly flash flooding in Nepal and China becoming clearer by the hour. More than 350 people have died in Nepal, and at least
1,300 are still missing after a torrent of water likened to liquid cement hit the mountainous region, villages, roads and bridges destroyed in an
instant as people fled to higher ground.
This is the aftermath. Pristine mountain towns popular with hikers, tourists and pilgrims are now buried in mud as villagers come to terms with
what's been lost. Amongst the devastation, stories of survival. A Nepali woman covered in mud, taken to safety in an excavator. Nepali police are
bolstering rescue efforts, launching drones as locals await any news from missing loved ones.
(BEGIN VIDEO CLIP)
UNIDENTIFIED MALE (through translator): His phone was unreachable. Then we heard that a landslide had come down from that side. We still don't know
whether he is alive because we haven't been able to reach him. My brother has also gone there by car to see if he can find our father. We have hope
that our father may be alive.
(END VIDEO CLIP)
FOSTER: The ripple effects are being felt across the globe, 700 foreigners from two dozen countries are amongst the missing.
(BEGIN VIDEO CLIP)
CHITRAK SHARMA, PARENTS ARE MISSING IN NEPAL: Last I know that we're heading towards the border. I've just been trying to get in contact with
them, trying to get updates, their whereabouts, I've been calling hospitals, you know, I just want to find my parents. I said bye to them and
I didn't think it was the last time I was ever going to see them and I would -- I would do anything just to bring them home.
(END VIDEO CLIP)
FOSTER: The U.S. Geological Survey says a glacial collapse caused the landslide.
CNN's Hanako Montgomery has more from Nepal.
(BEGIN VIDEOTAPE)
HANAKO MONTGOMERY, CNN CORRESPONDENT: So over there in the distance is the Trishuli River, which is the river that flooded and killed, we now know,
over 100 people and left hundreds more missing. And if you can take a look over here, there is just a massive layer of mud and debris over what used
to be green rice fields. This all used to be Green Valley, and now it's just covered in debris and in mud.
And just behind me here, a team of police officers have arrived. They're ascertaining the extent of damage, and they're speaking to local villagers
about who might need rescuing, who might need some assistance. We're told that the local mayor is also here to provide the police with more
information.
And I just want to show you just how extensive this damage was, and you can tell here just even on this road. At least over 100 meters away from the
actual river, you can see the mud has come up. It's blocked off parts of the road. We can actually go any further than this because the extent of
damage is just that bad. We're told that if we were trying to go further, it could be a risk to our lives. So, we're staying here for now, but the
extent of economic damage, the extent of lives lost is just immeasurable at the moment.
And of course, Nepal, the government still trying to ascertain just how many people have died and still trying to rescue those who might need in
desperate, desperate need of assistance.
So, I'm walking down one of the main roads in Nepal and this entire place used to be covered in mud. They've cleared part of it now and I want to
show you some of the damage that we've been seeing this house. I mean, its first floor is completely submerged in floodwater. You can see some of the
windows and doors just caked in mud.
This house over here. I mean, its walls have completely collapsed. It's unlivable. And down here is a gas station and again just completely
inaccessible and totally destroyed by this floodwater and the mud and debris that are brought with it.
Now the Nepali government has said that several 100 people have been confirmed dead, several 100 more still missing and they are afraid that the
death toll could tick up in the coming hours and days as they are still trying to find any remaining survivors and this village that we're
currently in is actually several dozen kilometers away from the worst of the damage.
So, you can imagine if you get higher up in the Himalayan mountains, just how many people have lost their homes, their livelihoods and their loved
ones. And now they're left with very little trying to find any remnants of hope, any remnants of their family members as they try to pick up the
pieces of their lives now.
(END VIDEOTAPE)
[15:05:05]
FOSTER: There are urgent concerns that a dam created during the initial mudslide could break, causing new flooding downstream. China's Ministry of
Water Resources says a so-called Barrier Lake is now developing where rivers meet along the border with Nepal and Chinese-controlled Tibet. That
region was wiped out by the landslide. But the ministry says the Barrier Lake contains a massive amount of water, and more is expected from rain
forecast for the next three days.
Allison Chinchar watching what could be a second disaster to compound those rescue efforts.
ALLISON CHINCHAR, CNN METEOROLOGIST: Yeah, so we take a look at the forecast again. There's not really been much in the way right where this
happened over the last 24 hours, but it's really an anticipation of what the forecast is calling for over the next several days. One of the big
concerns here is this right here. This is a brand new lake that formed. This had been a River Valley that ran through in between these mountains,
but thanks to what happened yesterday, you now have a ton of mud and rocks and boulders and even these you can see the trees right through here. Those
originally had been up the side of the mountain and brought down after the landslide, effectively damning this river and creating a brand new lake.
Well, that lake is expected to continue to fill not just with the natural flow of the river, but also any rain that would come down over the next few
days. And as it fills up, it's going to put more pressure on all of the rocks and everything that has dammed it up and at some point breaking it.
Now that could be in a few days. That could be in a few weeks. We simply don't know.
One of the factors is we don't know how much rain is going to come down and fill it up. You look at the forecast through Friday and even into Saturday,
you've areas that are expecting rain and even some thunderstorms which could at times produce very heavy rainfall rates. Most of these areas look
to get maybe about 50 to 100 millimeters of rain in the next couple of days. Some could get even more than that. 150, maybe even as much as 200
millimeters of rain.
Again, there's a lot kind of unknown. What we do know, however, though, is this is the rainy season. We are right in the middle of monsoon season.
August is the second wettest month out of the year, so it's not abnormal for these areas to see very heavy rain. It's just not a great time because
they are still trying to do rescue and recovery efforts. They're not only trying to dig through all of this mud and debris, but now they will
potentially have to do it with showers and thunderstorms in the vicinity.
FOSTER: Allison, appreciate it. We'll keep watching, of course.
Now, elsewhere, jury deliberations getting underway in the murder trial against Lindsay Clancy. She is the U.S. woman who was admitted or who has
admitted to killing her three young children. The jury must decide if Clancy's poor mental health led her to kill her children or if she actually
knew right from wrong.
Clancy's lawyer pointed to her journal entries and testimony from a forensic psychiatrist. Her lawyer also reminded the jury that the burden of
proof depends on the prosecution's case.
(BEGIN VIDEO CLIP)
KEVIN REDDINGTON, ATTORNEY FOR LINDSAY CLANCY: How does this turn into this? How? Because of the damn medicine and the lousy medical care that she
got. This young lady is not guilty killing of her children because she was suffering from a disease and defect, as His Honor instructed you. And
they're not going to be able to prove otherwise. And it's their burden, not ours.
(END VIDEO CLIP)
FOSTER: However, the prosecution says Clancy's actions leading up to the murders disprove that. They say she made a conscious choice to kill her
children.
(BEGIN VIDEO CLIP)
JENNIFER SPRAGUE, PLYMOUTH COUNTY ASSISTANT DISTRICT ATTORNEY: So why did she specifically do it? She was depressed. She was exhausted. She was done.
She didn't want to try anymore. She felt damaged. But those kids, those kids were her protective factor. Those kids were keeping her from ending
her misery.
And so, she had to remove the protective factor. And I'm not saying she was happy about it. I'm saying that it was what she had to do to end her
misery. But it was a choice.
(END VIDEO CLIP)
FOSTER: Brynn Gingrass is following this for us.
So the jury has to weigh this up right, Brynn, and they've got some facts, and then they've got a lot of expert advice, and that's what they're
weighing up.
BRYNN GINGRAS, CNN U.S. NATIONAL CORRESPONDENT: I mean, yeah, Max. Look, 80 witnesses is what the prosecution called, 10 witnesses is what the
defense called. They each had experts on either side going along with their arguments.
[15:10:00]
The prosecution saying that she knew the difference from right and wrong when she committed these killings. The defense say she was in this
psychotic, postpartum psychotic state when these killings happen. So, there's a lot to weigh there.
Not only that, Max, but when the judge sent the jury back to deliberations, he obviously read all of the jury instructions. He talked about the law and
how all the evidence should apply to the law. And they have a lot to consider there. The state of -- the commonwealth, rather, is saying that
she's guilty of first-degree murder in the killings of her three children. That means she premeditated this, she planned it out and then acted on it
so they could find her guilty of that, or they can bring that charge down to a second degree murder charge if the jury is unanimous in that.
Or, of course, they can find her not guilty and in that case they know that it's possible she could be sent to a psychiatric hospital for a -- you
know, not really clear amount of time. The judge could eventually release her from that hospital. If she were to be guilty of any of those murder
charges, she could face up to 20 years in prison.
So those are some of the things that the jurors are going to need to discuss as they tick through those jury instructions, all while, you know,
reviewing the evidence, all while considering the testimony that they heard over the last four weeks. I can tell you that this jury, there were 18
people who sat through these several of witnesses and testimony. Twelve, of course, are deliberating her fate. Nine of them are women. Three of them
are men.
So that's also interesting as this trial has really ignited this conversation about women's mental health and postpartum depression,
postpartum psychosis, and the care around those illnesses. So, they've been behind closed doors for about three hours. Usually, we get a sense of if
they're going to go home for the day around four o'clock. That's when court typically ends, so that's about 45 minutes from now Eastern time. So, we
haven't heard about any notes or anything as of yet, so we'll see if they wrap up today and head in tomorrow, probably about 45 minutes or so. We
should have a clear answer on that.
FOSTER: OK. Thanks for joining us, Brynn.
GINGRAS: All right.
FOSTER: We'll come back to you, of course, when we get any updates.
Let's bring in legal affairs commentator Areva Martin on this.
Areva, we wanted to speak to you because it's such an unusual case, isn't it? Because if you want to look at it in a very black and white way, she's
admitted killing her children. So, you know, the law system is set to make that unacceptable and punish people. But at the same time, the medical
evidence has been very clear and quite convincing in stages as well about how she wasn't doing it intentionally.
So what are the jury going to weigh up here? What do they have to weigh up?
AREVA MARTIN, ATTORNEY & LEGAL AFFAIRS COMMENTATOR: You're right, Max. This is a very interesting case and complicated case because the central
issue is criminal responsibility. There is no dispute that Lindsay Clancy killed her children. The question is whether the prosecution proved beyond
a reasonable doubt that she was legally responsible for her actions at that moment.
We know mental illness is not the same as legal insanity. The jury can believe that she was profoundly mentally ill and still convict her. The
legal question is whether that illness deprived her of the capacity to understand the wrongfulness of her actions or to conform her conduct to the
law. And that's what these jurors are going to have to grapple with.
I'm not surprised that they've already been at it three hours. I would be really shocked if we got a verdict today. I think given the number of
witnesses that testified, both of the prosecution and the defense and the experts that have testified that it's going to take these jurors some time
to get through all of this evidence to come up with their final determination.
FOSTER: Is the prosecution's case that she got up that day intended to kill her children, made sure her husband left the house, killed the
children, then tried to kill herself? Or are they arguing that, in that moment of madness, she just wasn't aware of what she was doing?
MARTIN: Well, definitely that first-degree murder requires a level of premeditation. And you heard the prosecutor in the closing argument say
that she was fed up, that she was depressed, that she was tired. She was tired of feeling, you know, out of sorts, not being herself, really
suggesting that these kids have become a burden to her, and that she purposely arranged for her husband to be away from the home so that she
could commit the act of killing her children, and that she tried to kill herself as well.
Now the defense is pushing back on this saying, look, this woman was severely mentally ill, was getting horrible care from the various medical
providers that saw her, and that she did not have the ability to recognize or to form the intentionality to kill her children, that she couldn't
recognize right from wrong at the time that she committed these acts.
[15:15:11]
And again, these are very different views of what Lindsay Clancy did, which is why I think the jurors are going to need some time to get through this
evidence.
FOSTER: When trials like this happened, people think obviously about the children, and they want someone to be found responsible for what happened
to them. If the jury finds or has sympathy for the defense case, they were effectively blaming the medical providers you refer to, right, for not
looking after her properly. So that opens up this idea that the medical providers are responsible for killing the children, which is obviously
farcical in itself.
So, it's very hard for them to understand, isn't it, or follow this sentencing or verdict through?
MARTIN: Well, what we know is that Lindsay Clancy does not have to prove that she was legally insane. Once criminal responsibility is that issue,
it's on the state, on the commonwealth to prove beyond a reasonable doubt that she was criminally responsible.
We did hear testimony from her own mother-in-law who happens to be a nurse that her daughter-in-law was in trouble, that she was deteriorating
quickly, that she was begging and begging for help, and that the medical providers that she was seeing failed her. So, I do think that is an
underlying theme that's been played throughout this trial.
And you're right, I think many of the jurors are going to be asked, what is the responsibility of these medical providers? Why didn't they do more? Why
weren't they more attuned to how severe her mental health issues were? Why was she even in the house along with these three children, given how
severely mentally challenged she was at this time?
So, I think jurors are going to have to grapple with that as well.
FOSTER: Okay. Areva, we'll come back to you when we do get the result. Who knows how long it'll take, as you say.
Now, coming up, President Donald Trump's new tactic in his escalating trade war in Canada. He's changing the name of one of the Great Lakes. We'll
explain.
(COMMERCIAL BREAK)
[15:20:27]
FOSTER: European football's governing body is ramping up its fight against FIFA's now abandoned plans to sell a stake in World Cup profits. UEFA is
now preparing to bring a criminal complaint against FIFA President Gianni Infantino over this proposal.
Don Riddell from "World Sport".
We -- I mean, we knew they were angry, but we didn't know they were going to take it to a legal level. It's extraordinary.
DON RIDDELL, CNN WORLD SPORT: Yeah, I mean, real fighting talk, Max. UEFA has accused Infantino of criminal mismanagement following his aborted plan
to sell off parts of FIFA competitions to private investors. And as such, UEFA, which is the governing body for Europe's 55-member nations, says it
is preparing for criminal proceedings in Switzerland against Infantino and possibly other FIFA officials and advisors.
As part of the initial discovery process, they've applied to a court in Florida hoping to access the files held by two FIFA businesses there, which
is FIFA Americas and FIFA World Cup 2026. They are also applying to courts in New York and Colorado for further discovery pertaining to the other
figures involved.
For example, the Manhattan court request relates to the involvement of Thrive Capital Management and Joshua Kushner, who is the brother of
President Trump's son-in-law, Jared Kushner. UEFA believes that the FIFA Forward Enterprise, which was the company quickly scrapped, valued the
stakes too cheaply and says the whole thing was being fast-tracked before anyone really had a chance to fully vet it. and stop it.
Part of the application reads, quote, "Under the terms Infantino announced, those investors stood to acquire a permanent financial interest in FIFA's
commercial arm for $4.2 billion, implying an absurdly low enterprise value of only approximately $20 billion, a figure that was neither the product of
an open competitive auction nor tested by any independent valuer. UEFA said that the proposed sale was at a, quote, "fraudulently off-market price,
promoted by Infantino for his own benefit."
Now, wherever this may lead, Max, it is a development which has heaped further pressure on Infantino, who, remember, just a few months ago, was
widely expected to win a fourth consecutive term as FIFA president next March.
FOSTER: Don, we'll keep it on it. Thank you.
A short while ago, U.S. President Donald Trump signed an executive order. He renamed Lake Ontario "Lake America". It's the latest salvo in his trade
war with Canada. Here's what he said ahead of the signing.
(BEGIN VIDEO CLIP)
DONALD TRUMP, PRESIDENT OF THE UNITED STATES: We're going to be changing the name of Lake Ontario, effective immediately to Lake America. That's
going to take place right now as I sign the order.
(END VIDEO CLIP)
FOSTER: CNN White House reporter Kevin Liptak joins us with more.
I mean, he did effectively change the name, didn't he, with that signing of the pen?
KEVIN LIPTAK, CNN SENIOR WHITE HOUSE REPORTER: Effectively, although practically I don't think anyone in Canada is going to be calling it Lake
America anytime soon. You know, it all has echoes of the president's move very early in his term to change the name of the Gulf of Mexico to the Gulf
of America.
And yes, the American government changed that name on all of its documents and its sort of database of geographic features but no one else in the
world refers to it as the Gulf of America. And so I think for most people it will still probably be called Lake Ontario.
It's also worth noting you know the president seems to be doing this because he wants to punish Canada and Ontario is obviously the name of
Canada's I think it's the most populous province, although I'm not 100 percent sure. But the name of the province came from the lake. It wasn't
the other way around.
And so, this name has been in place for centuries, for 400 years, well before either Canada or the United States came into existence. So, this is
really just kind of a move to punish that country without any real substance behind it. But it does, I think, underscore just how sour things
have become amid this trade dispute. Remember, Canada just yesterday announced that list of American products that would be subject for the --
to those dollar-for-dollar tariffs that they are putting in place in response to President Trump's move to put into place those 50 percent
tariffs on $20 billion worth of Canadian goods.
[15:25:02]
And President Trump is also promising new tariffs on Canadian-made automobiles that would go into place on January 1st. And so, there is no
sign that any of this is de-escalating. What you've heard from American officials, including the treasury secretary and the vice president, is yes,
they are ready to meet with Canada again if they want to come to the table and try and renegotiate a trade deal that would eliminate these tariffs.
But the prime minister, Mark Carney, says that he won't sit down with the US until they change their attitude on some of this, including on this idea
that he has claimed that Trump is treating Canada as a subsidiary of the United States. And obviously, this move today is doing nothing to
deescalate some of those tensions.
So, it does seem like this trade war is just going to persist for at least the near term as these tariffs start to go into effect. But clearly, this
decision to change the name of the lake not doing anything to cool tensions.
FOSTER: No, and I know that we've also been asking, haven't we, about this visit by the CIA director to Moscow, which was, you know, clouded in
secrecy, as often these visits are. But you know, we're getting a greater sense of what was discussed there, and it's pretty significant.
LIPTAK: Yeah, it is. And it seems as if John Ratcliffe, the CIA director, showed up in Moscow with a warning, and it was a warning on a couple of
different fronts. One was to tell Russia not to stage an attack on a NATO territory. And that's something that you do hear growing fears about, both
in the United States and in Europe, that Vladimir Putin will try and test NATO's resolve essentially by staging some sort of limited incursion. And
so, that was one of the items that John Ratcliffe came to Moscow with.
He also discussed Iran with his counterparts there in Russia. And we know the United States just this week has been ramping up a pressure campaign on
some of Iran's trading partners to cut off ties to try and choke off Tehran economically. And so, that was discussed as well.
Obviously, the backdrop to this visit was the war in Ukraine and Russia's inability to sort of make the battlefield gains in that war that perhaps
Putin had been expecting to, certainly when he began it, but also over the course of the many years now that it's been underway. That war is at
something of a standstill.
It doesn't seem as if any of the diplomatic efforts that the president tried to put in place last year to bring about a resolution have borne any
fruit, and those seem like they're at a standstill as well. And so, I think Ratcliffe will also have wanted to discuss that with his counterparts too,
trying to figure out how they can bring that war to an end as more and more people die, as the munitions that Ukraine has relied upon to defend itself
in the war also become in short supply. There's clearly an imperative to try and come up with some sort of resolution, but it's not really clear at
this point whether any of those messages broke through to the Russians.
FOSTER: OK, Kevin, thank you.
U.S. aircraft carrier Theodore Roosevelt preparing to head to the Middle East. We're told the ships expected to spend at least seven months there.
The Navy's dealing with the fallout from the USS Abraham Lincoln's deployment to the region. It spent just over eight months at sea without a
port call, raising concerns about sailors' mental health and low supplies. The USS George Washington relieved the Lincoln last week.
In Washington, a federal judge is hearing an emergency request to block a new push by the Kennedy Center board to etch President Donald Trump's name
onto the building. It comes two months after the judge forced the board to remove the president's name from the venue. The request was filed by a
Democratic congresswoman and Kennedy Center board member who says the renaming effort defies both Congress and the judge's previous ruling.
Early this week, the board threatened to demolish the center if extensive renovations, including an inscription crediting Mr. Trump with the
renovations, aren't allowed.
The former Bosnian Serb general, who orchestrated the massacre in Srebrenica, has died in prison at the age of 84. Radko Mladic, known as the
Butcher of Bosnia, was serving a life sentence at The Hague. He was convicted of genocide and other atrocities in 2017, including the slaughter
of thousands of Muslims during the Bosnian War in the 1990s. He also oversaw the two-year siege of Sarajevo trapping and terrorizing civilians
with daily attacks by his army on higher ground. Mladic showed little remorse during his trial, denying any responsibility.
Coming up, a high-risk warning about more potential flooding on the China- Nepal border region.
[15:30:00]
We'll have the latest on the disaster that has already hit and what could come next.
(COMMERCIAL BREAK)
FOSTER: Back to our top story, the catastrophic flash flooding that hit the Nepal-China border region. More than 1,300 people are missing,
including at least 700 foreigners. Efforts to pull those chapped from the rubble include military helicopters. Drones are also being used to find
survivors stuck in remote areas. Police say teams have been sent to Central Nepal, with some overseeing flight operations.
Now last hour, the U.N.'s Tom Fletcher spoke about efforts to help flood victims. He said humanitarian teams are already in Nepal and are using any
means necessary to reach people who need medicine, food and shelter.
(BEGIN VIDEO CLIP)
TOM FLETCHER, U.N. UNDER-SECRETARY-GENERAL FOR HUMANITARIAN AFFAIRS: So much of the infrastructure has been smashed up by the ferocity of these
floods. So, we're struggling to use the access roads that we would normally use to get to these communities. We're having to use all of air assets to
reach them.
But we've got teams on the ground fighting their way through. I was in touch earlier on with our humanitarian country team, and many of them are
on the road to those areas to try and get as realistic an assessment as we can of what's needed. The immediate priority is saving as many lives as we
can, getting those emergency response teams in.
And then it's the medicine. It's the health. It's the water, the sanitation, the shelter for those who've been displaced. It's a massive
job.
FOSTER: How concerned are you about this concern that the Chinese government has expressed about a second potential flood? Because you've got
people going in.
[15:35:01]
You've got to care about them, of course, but you've also got that priority of rescuing survivors.
So I've been in Beijing and spent time with the teams that are preparing China and the region for climate disasters like exactly this. And they've
got very, very sophisticated technology. We're also using very sophisticated satellite technology right now to try and anticipate the
danger ahead.
And I think we should take those warnings very, very seriously. We're encouraging people to get to high ground, get to safer areas, get away from
places where we could see more glaciers melting fast and more rapid overflow and more flooding.
(END VIDEO CLIP)
FOSTER: Tom Fletcher from the U.N. there.
Well, the U.S. Geological Survey says the disaster was caused by a glacial collapse. That's when a large section of ice breaks off a glacier and falls
down a slope, triggering a landslide. There are fears of a secondary threat to a dam created during the initial mudslide could break, causing new
flooding downstream.
Let's go to our chief climate correspondent Bill Weir.
Just explain what this second threat is, Bill.
BILL WEIR, CNN CHIEF CLIMATE CORRESPONDENT: So as that giant ice cube that just flaked off 1,000 meters wide, bringing the mountainside with it, it
picked up such speed, falling 2,300 meters of vertical feet and then creating sort of a barrier lake along the way. The first 14 miles or so
that that wave of water was moving incredibly fast, but as it slowed down it created new instant dams and there's one that they're most concerned
about the Chinese officials just above the Gyirong Port, the biggest border crossing in this area.
This is gathering millions of square liters or square cubic meters of water as the days come and they are worried about coming monsoon rains that could
add to the pressure on that so-called barrier And if that gives way, like you mentioned wisely, it could bring a whole another set of disasters for
the first responders who are trying to --
FOSTER: Yeah, our thoughts, of course, with them at the moment. But we're just looking at this new river that's been formed. The mountain's a
different shape now, isn't it? I mean, the landscape is literally being -- has been transformed by this single event. I guess, it's going to happen
more, isn't it? Certainly up in high up areas.
WEIR: This should be another grim wake up call. There have been a number of -- at least three in the last few years of these glacial lake outburst
floods where the earthen dams in the high mountain regions can't hold it. It's happened in Europe as well. And yes, there's no technology that could
refreeze the great glaciers of the Hindu Kush or the Pyrenees or the Alps.
And so, adaptation is the watchword. But how do you adapt to this? You know that ports where the customs office of police station just completely wiped
out with mud. That was an entry point for a third of the trade between China and Nepal. Obviously that hurts Nepal a whole lot more economically,
and so, you just -- your heart breaks when you think about the enormity of that cleanup there and then just adjusting for whatever comes next, some
50,000 to 60,000 glaciers in the Himalaya, most of them in very obscure, faraway places.
But those communities that are built at these confluences in these steep valleys, not just here but in other mountainous places around the world,
sadly, has to think about this.
FOSTER: Yeah, it's a new reality, isn't it?
Bill, thank you.
Well, it is the final moments of trade on Wall Street. Stocks are up today. Stocks in big tech companies leading gains, especially Nvidia.
This is our Business Breakout.
Shares in cybersecurity company CrowdStrike are surging today. The company reported record earnings up 26 percent last quarter to almost $1.5 billion.
Cybersecurity firms are seeing a big increase in business as companies ramp up security around artificial intelligence.
U.S. President Donald Trump made more than 1,000 stock transactions in June. The trades were filed to the Office of Government Ethics. They
include the purchase and sale of thousands of dollars of stock in energy companies, which have been directly affected by Mr. Trump's war with Iran.
The White House says Donald Trump's portfolio is managed independently.
The U.S. economy is expected to add almost six million jobs by 2035. The Bureau of Labor Statistics projects employment going at three and a half
percent over the next decade. That's well below the 10.9 percent growth seen between 2015 and 2025.
[15:40:01]
Nvidia then doubling its sales in the past year as it continues to thrive in the A.I. boom. The chipmaker earned more than $96 billion in just a
quarter, the most recent one. That's an increase of 106 percent from just a year ago.
Good news led stocks to soar. Here's how they are doing right now. As you can see, the Nasdaq up particularly sharply.
We were going to see it, but Anna can bring us the details instead, because Nvidia really is driving this hope that there's -- there's a lot of money
to be made in future from A.I.
ANNA STEWART, CNN CORRESPONDENT: And it's interesting actually, Max, because not only are they driving hope, but they're also driving a lot of
investment themselves. Not only are they the most valuable company in the world, but they're also plowing lots of money into many A.I. companies who
are also their customers buying their chips. And there were some sort of concerns about this sort of circular investing, if you will, something that
was shrugged off actually in the call, in the earnings call yesterday.
The top lines for the call, revenue is expected to double. Sorry, revenue did over double last year and next year is expected to grow by 70 percent.
Now that wasn't just beating expectations of Wall Street, that was absolutely smashing it, knocking out the ballpark, which is why we're
seeing share price up about nine percent right now.
The only cloud on the horizon really is supply chain issues. The demand would be -- the demand is there and the growth would be even stronger if it
weren't for some constraints, particularly in the memory chip market. That's what SK Hynix, Samsung Electronics, Micron all make. They just can't
make enough. The capacity is not quite there yet, which means there could be some shrinkage in terms of profit margin going forwards for Nvidia.
But overall, I think we can agree a very good news story today.
FOSTER: Yeah, absolutely. Anna, thank you so much for bringing us a bit of hope.
Still to come tonight, a surprise development in the Tupac Shakur murder trial. We'll take a look at the prosecution's case in this nearly 30-year-
old murder, plus what comes next in the trial.
(COMMERCIAL BREAK)
[15:45:15]
FOSTER: This hour, defense attorneys have just begun calling witnesses in the Tupac Shakur murder trial. This after the prosecution rested its case
after just eight days. Shakur was gunned down nearly 30 years ago in Las Vegas. Over just a week and a half, the prosecution laid out its case
against Duane Davis. They claim he orchestrated the deadly ambush on Shakur.
Prosecutors shared several hours of recordings in which Davis discussed his involvement in the murder. Despite Davis' own prior statements, the defense
says there's very little physical evidence tying Davis to the crime scene.
Nick Watt joins me now.
This is the issue, isn't it? There's been a lot of time past. He seems to have admitted it to a large extent, but without the evidence, it's hard to
really -- you know, for the prosecution to take it all the way.
NICK WATT, CNN U.S. NATIONAL CORRESPONDENT: Absolutely. There's no murder weapon. They don't have the gun. It's 30 years ago. A lot of people's
memories have faded. A lot of people who were there that night are dead.
And you know, the defense lawyer for Duane Davis, who's also known as Keffe D. His defense lawyer is making much of this, you know, the passage of
time, it's pretty hard. But you mentioned Keffe D's own words.
Now, just before the prosecution rested, they played video clips of Keffe D promoting a book he wrote, "Compton Street Legend", in 2018, and they
showed video clips of him holding up the book saying, "Read this book. It's the truth. It's the truth. It's the truth."
His lawyer is now trying to argue that it's not the truth and that Keffe D is actually full of B.S., their words, not mine, and that this kind of
admission is not true.
Now, what the prosecutors say happened is that they don't say Keffe D pulled the trigger. They say he was what's called the shot caller in the
gang. He was in the front seat of the car. He passed a gun to the back seat, and from the back seat, Tupac Shakur was shot multiple times and died
six weeks later.
Now, key witnesses that the prosecution put on the stand, a childhood friend of Tupac, who was in one of the cars in that convoy, saw what he
said looked like an African-American man's arm coming out of the window holding the pistol, shots fired. Now, that arm, we are told, belongs to
Keffe's nephew, who actually pulled the trigger. He died himself not long after in a gang-related shooting.
They say Keffe D was the shot caller. They also called a guy who was a very famous gang cop in Compton, and he explained what this shot caller thing
is, that he's a more senior member of the gang. He says what the gangsters do, the younger ones, the guys who actually pulled the trigger.
So, he was trying to pin this on Keffe D that he ordered the hit. Now, prosecutors, sorry, the defense said that, Max, that they would probably
rest Monday. They are whipping through these -- these witnesses. It could even be before that. We were told initially it's going to be a four-week
trial. We've only had two weeks.
It has been pretty short, crisp, concise, as you say, no physical evidence. But the prosecution is trying to say that 30 years ago, Keffe D ordered
this killing -- gang-related issues. He ordered this killing. He is the only person, Max, who has ever been charged with this crime.
It's going to be interesting to see how this pans out. Can he be convicted 30 years later with almost no physical evidence based largely on his own
words, his admission in books and also to investigators at one point? That's a whole other story.
But can he be convicted on his own words? His lawyer is going to say, don't believe my client. He's full of it. Let him off -- Max.
FOSTER: It's interesting. Nick, thank you so much. We'll keep following it. And as you say, they're going through it pretty fast.
WATT: Yeah.
FOSTER: Andrew and Tristan Tate are asking a U.S. judge to release them on bail. Their attorney telling the judge today the brothers are not a flight
risk while they fight extradition to the U.K., where they face charges on nearly 60 sex-related crimes. The social media influencers have yet to
enter a plea, but both have denied any wrongdoing.
Still to come on what we know, the life and talent of Japanese artist Yayoi Kusama, who's passed away at the age of 97.
(COMMERCIAL BREAK)
[15:52:23]
FOSTER: It could be a potential breakthrough in understanding exactly how autism develops in the brain. Scientists have mapped out the ways in which
certain genetic mutations that are associated with autism can rewire the brain and lead to the condition. The molecular map was published today in
the journal "Science". Researchers hope it could pave the way for more targeted therapies for autism.
Now the famed Japanese artists who embellished the world with polka dots as died at the age of 97. Yayoi Kusama was one of contemporary art's most
popular and commercially successful figures. In 2023 alone, her work fetched nearly $200 million at auction. Kusama was renowned for her pumpkin
sculptures, polka dot motifs, and infinity mirror rooms. Her company says Kusama continued to paint until her very final days.
Stephy Chung has more now on Kusama's lasting impression on the art world.
(BEGIN VIDEOTAPE)
STEPHY CHUNG, ASIA EDITOR, CNN STYLE (voice-over): Japanese artist Yayoi Kusama, famed for her pumpkin sculptures in large-scale infinity mirror
rooms, has died at 97. She passed away at a Tokyo hospital on August 14, according to a statement on the artist's official website.
Kusama was born in Nagano, Japan, in 1929 into a dysfunctional and abusive household. She first began experiencing vivid hallucinations at a young
age, which flooded her world with the polka dots that she would later deploy in her work.
The artist moved to the U.S. in the 1950s, where she produced a significant body of work that included, not only paintings and sculptures, but surreal
works of film, literature, and performance art.
In the 1960s, she staged what she called happenings, where she transformed naked bodies into dotted canvases.
She returned to Japan in the early '70s and checked herself into a psychiatric hospital soon after, where she continued to live in recent
decades, and up until her final days, produced art from the facility in a small studio nearby.
YAYOI KUSAMA, ARTIST (through translator): Since I was five or 10, I began drawing. Even now, there is not a day that goes by without me drawing.
CHUNG (voice-over): After some years of relative obscurity, she would later become one of the world's most famous artists and achieved mainstream
commercial success and collaborated with brands like Louis Vuitton.
[15:55:00]
Her famous infinity mirror rooms attracted millions of visitors to galleries and museums around the world, while many of her paintings have
sold for millions of dollars, proving her works resonated deeply and will continue to inspire audiences today.
KUSAMA (through translator): I want to spend every day with the desire to do whatever possible to bring love into humanity to battle for the best for
humanity in a society which is peaceful and a wonderful world without war.
(END VIDEOTAPE)
FOSTER: True legend there.
Finally, tonight, stargazers are in for a rare sight in the skies tonight, partial lunar eclipse, visible in the early hours this Friday. At its peak,
about 96 percent of the moon will be in the Earth's Shadow. Observers across North America and South America will have the best view of this
partial lunar eclipse.
And unlike solar eclipses, you won't need any special equipment. Experts recommend heading to a nearby park or any open space that gives you a clear
view of the night sky. I could have given you that advice.
I'm Max Foster. That's WHAT WE KNOW. Do stay with CNN. More after break.
END
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