Transcripts For CNBC The News With Shepard Smith 20221015

For the panel. Walkerer and warnock facetoface, the highstakes Senate Debate in georgia as new numbers reveal just how big turnout may be for this years elections. Climate protesters vandalize a van gogh, justified . I think healthy i would even say heroic. Its hurting the cost which is unfortunate. The slit in the climate movement. Growing pressure for the uks new Prime Minister to resign the cdcs new outlook on this years flu season and riding along the all women offroad rally announcer live from cnbc, the facts, the truth, the news with Shepard Smith good evening. Another American City shattered after a teenage gunman went on a deadly rampage the suspected shooter just 15 years old. Cops in raleigh, North Carolina, say he opened fire terrorizing the community for hours. Sources tell our local nbc station wral the gunman shot his own 16yearold brother before killing four others and hurting two more his victims an offduty cop, a mother, a wife, and a bridetobe. Police say the crime scene stretched for two miles. They say they eventually captured the suspect and he is now in Critical Condition at a hospital today prosecutors announce they plan to charge him as an adult the governor of the state spoke earlier calling the killings tragic. I think we all know the core truth, no neighborhood, no parent, no child, no grandparent, no one should feel this fear in their communities among the dead 29yearold Police Officer gabriel torres, the Raleigh Police chief say he was on his way to work she says he previously served in the marines and has been on the police force just for a year and a half officer torres young toddler fatherless perry russom with how the shooting unfolded. Multiple or single . A [ bleep ] ton multiple. We have an officer down we have an officer down. Reporter witnesses say the 15yearold boy was eerily calm. There is no age in satan. Reporter officers rushing to the neuse river greenway. He led off the shots back there. Thats when everybody just it was chaos. Reporter one man says he saw the shooter in camouflage clothes. He was walking and when i tell you he was walking, it was like nothing had happened. And he was just walking looking straight forward he had his gun on his side. Reporter the boy captured after an hours long manhunt were calling you with a very early trauma alert from an active shooter scene weve got about a 15yearold male who has what appears to be an open wound. Reporter information has been limited from investigators. We dont have answers as to why this tragedy occurred. Reporter lives have been ripped apart susan kranatz loved to run she was killed while running yesterday. Tom writing online, we had plans together with the boys and we had plans together as empty nesters. We had plans together for growing old, always together now those plans are laid to waste. Nicole conners left her job to care for her mother after a stroke her husband tracy says she knew how to take charge of everything so she could help the ones she loved. Nicole was killed alongside her 13yearold dog sammy. I seen her and the dog laying on this porch right here fell in love she knew everybody in the neighborhood. Reporter Mary Marshall was walking her dog when she was killed her fiance write, i dont know what to say. I dont know what to do. My world has been completely destroyed. We must stop this mindless violence in america. Reporter and with this boy being just 15 years old in North Carolina typically he would be charged as a juvenile but right now in the process of transferring it to be charged as a adult but this things on him surviving. We know his injuries are incredibly serious. To think they were all out for a walk perry, thank you President Trump testified to the january 6th committee or will he refuse the committee is preparing to formally subpoena mr. Trump in the coming days after voting unanimously to seek his testimony about his actions leading up to and during the attack on the capitol. The former president responded to the committees decision with a rambling 14page letter but he did not address whether or not hell comply with the subpoena instead, he told the committee that its hearings were a show trial with no legitimacy mr. Trump also calling the capitol rioters Great American patriots and accused the committee of ruining their lives. Were now seeing even more footage of House Speaker nancy pelosi and other lawmakers during the attack on the capitol. Speaker pelosis daughter is a documentary filmmaker and happened to follow her mom with a film crew january 6th. In this new clip obtained by cnn an angry nancy pelosi says shes going to pump out mr. Trump if he leads the mob to the capitol. Theyre marching up you can see them marching up we will not take it anymore thats what this was all about the secret service said they have dissuaded him from going to the capitol and told him they dont have the resources to protect him so at the moment he is not coming but that could change. I hope he comes ill punch him out ive been waiting for this for trespassing on the capitol ground im going to jail and im going to be happy. Look at the protesters outside the capitol. [ crowd chanting ] please answer my question. Reporter nbc news has also obtained extended footage of Senate Majority leader Chuck Schumer gets heated on the phone with trumps attorney general demanding he get the president to call off the mob. The highstakes Senate Debate in georgia just getting under way between democrat senator reverend Raphael Warnock and republican Herschel Walker the race critical in the fight to control congress. Our elon moi will join us later with highlights. Other midterm news the turnout for november could be big according to the United States election project more than 1 Million People have already voted early. Analysts say thats much higher than usual and mehmet oz, the republican nominee for senate in pennsylvania making some news today for supporting one of president bidens recent somewhat controversial actions, the pardoning of people convicted of federal Marijuana Possession so you support the president s move there. I think the move is a rational move, yeah. Recent polls suggest republicans are in a position to potentially retake the house but the democrats may be able to hold the senate. The election just 25 days away trouble across the pond. A top finance official fired and a sharp uturn from the Prime Minister on her economic policy. Is she now in danger of being ousted wilfred frost joins us from outside 10 downing and china cracking down on protests as it prepares for one of its biggest political events and its president prepares to lock in a historic third term. His plan to tighten his grip on the country when we go live to beijing. Liz truss facing a crisis. She sacked her finance minister, a close friend, and hes the second shortest serving chancellor in modern uk history. She fired kwarteng after he made public remarks hes absolutely not going anywhere he insisted hed still have his role next month. Truss also abruptly scrapped a part of a controversial plan to cut corporate taxes. One of her top Campaign Promises three weeks ago when she rolled it out markets plunged the News Conference lasted eight minutes and took four questions. In that time she defended herself and tried to reassure her conservative party that shes still in control i have acted decisively today because my priority is ensuring our countrys economic stability. I want to be honest. This is difficult. But we will get through this storm. The walls appear to be closing in on truss. According to the times. Qwarteng thys shes be ousted in a few weeks. Do you think she can survive well, she definitely could survive it but make no mistake about it, all of those changes you outlined came from a position of desper rate weakness for the new Prime Minister and strangely for someone in office for just 38 days, things are now out of her control shes at the mercy of the markets and at the mercy of her own mp something that can happen years into a prix mirship but never happened this soong and even at the mercy of her new finance minister because she could not survive having to fire another one so she has to go with whatever he comes up with and has to hope he starts to command the respect of markets and her mps again. So whats in place of the mini budget . Has she now articulated any clearer vision on how to boost the economy . Well, not in the short term and Economic Vision over the summer was clear, it was one of tax cuts, even if that meant funding it by borrowing, even during a time when rates were rising and the markets unceremoniously rejected that. Rejected socalled trussonomics. It feels like the approach will be a desperate attempt to regain credibility. What might be interesting to see in the months ahead, kayla, is whether voters continue to remember what has just happened. Will a politician at the next election be rewarded for saying, were going to spend less and tax more because its sensible of course, on both sides of the atlantic that hasnt been the norm for the last decade its been throw money at the problem from both governments and the central bank that has ended here in the uk in the short term at least. The credibility question was going to be my next one on both sides of the atlantic because from talking to Administration Officials here in washington, the moves that she had announced were met with confusion and displeasure so how much credibility has the ukand has the conservative party lost in this whole ordeal . I mean an enormous amount the conservative party meant to be known for strong economic handling sees its polls this week in the low 20s whilst is above 50 and big lead and terrible outlook for the conservative party for the country as a whole clearly the Economic Outlook has worsened the recession was coming anyway. Interest rates were coming up. Going up anyway but it has worsened in terms of the image of the country its all a bit embarrassing the chance to return early from the imf to be fired. The Prime Minister clinging on 38 days into her premiership when we only got rid of the previous Prime Minister in rather embarrassing fashion. I should be asking you what the image is of our country at the moment but i dont really want to hear the answer so i wont. Wilfred frost, you will be burning a lot of midnight oil for us, i have a sense of that we appreciate it thank you. China is americas most consequential geopolitical challenge. That from National Security adviser Jake Sullivan in a speech earlier this week the comments part of a larger Foreign Policy shift focusing on the threats posed by china and russia but while sullivan identified china as the United States most consequential competitor he said the Biden Administration is not looking for a new cold war with our largest trading partner. Sullivan says the administration wants to engage constructively with china as they are set to hold one of the most political pivotal events, the National Congress set to propel chinese president xi jinping into a third term with the reaction heres eunice y yoon reporter theyre preparing for the most highprofile event. Security around the capital is what officials described as iron fist tight for the weeklong 20th congress of the Chinese Communist party when the world will find out who governs this country for the next five years. Xi jinping has been the general secretary for two fiveyear terms expected to break modern precedent here and stay in charge for a third president xi is expected to emerge with greater power than he already has, thats despite tremendous problems facing china today, a severe economic downturn and troubled relationship with the u. S. But with xi in control chinas hardline approach is unlikely to change. Ahead of the congress his Outgoing Team praised their boss policy including zero covid. What they described as his allout war to bring infections near zero with relentless testing and snap lockdowns amid this orchestrated event, video surfaced online of a protest to xi jinpings rule two banners unfurled on a beijing bridge in smoke. We dont want covid tests, we want food, this one reads. The other urges to depose the dictator today police tightly patrolled the bridge after clearing any sign of the rare show of public frustration with xi jinping and where hes taking china security guards have been stationed at several bridges around the city this morning the authorities here are so sensitive about the potential for protests, that online even the word beijing is being censured kayla. Eunice yoon youll be there for us, we appreciate it. Americas railloads and Union Leaders narrowly averted a crippling shutdown one month ago reaching a lastminute deal to provide raising and Scheduling Flexibility but still needed signoff from the workers themselves some of whom this week said its not good enough. One Union Rejected the deal saying it doesnt do enough to improve quality of life now that bmwe is enlisting members of congress to help lobby the railcariers to improve the terms. A rep says, it is our intention to reach a negotiated deal that addresses our memberships concerns but its a tango and we need a willing partner perhaps its not surprising that theres backlash when you learn what the workers wanted. They proposed 15 days of paid leave according to a source familiar with the talks. The final agreement included just one there are now five unions still to vote, one representing machinists, also rejected the biden brokered deal and negotiated a new one, the vote on that november 5th and the two biggest unions representing about half of rail workers, theyll have their say on november 17th as for another strike, members of unions that havent signed on by november 19th can walk out of the job. Just as the Holiday Shipping crush looms. Prosecutors in the parkland shooter trial want one of the jurors interviewed by police what happened during deliberations that could be considered a crime. A 13yearold boy saves his sisters life but loses his own. Next the search for a hit and run driver after a walk home turns deadly a 13yearold boy in new york throwing himself in front of a car to save his sister in a deadly hit and run crash now his family is begging for the driver to come forward Tyler Phillips sister said she and her brother were walking in a bike lane when the vehicle hit them and her brother pushed her out of the way saved my life all i seen was a gray car. Thats it. It was like a truck. Can i go back inside. Tell them the make. It was a jeep. It happened on long island an hour outside new york city it was dark out and the car didnt have headlights on. Phillips mother says he had just celebrated his birthday three days ago now shes heartbroken and planning his funeral they tried to resuscitate him in the ambulance he was gone for 30 minutes they took him to sonnybrook hospital and then he was his vertebrae and his skull got separated and he has no brain function hes gone. Family and friends say the two kids were hanging out at a nearbys childrens park and were on their way home and say its the closest playground to the shelter where they had lived for a year cops are asking anybody with information to come forward. Just hours after a jury in florida recommended a life sentence for the Parkland School shooter, a woman on the jury accused one of her fellow jurors of threatening her during deliberations. Now prosecutors calling the case theyre calling for an investigation. In a hearing today they said theyre not trying to overturn yesterdays verdict, but that they filed the potion because of safety issues. In a court filing they say the woman called their office after the verdict yesterday. They say she told a staff member she received what she perceived to be a threat from a fellow juror while in the jury room the filing did not say what the specific threat was. The judge said the Sheriffs Office instead of the court can look into what happened. Jurors on the case say they voted 93 for the shooters execution but a vote for the death sentence has to be unanimous so we he faces life without parole. Over the past two years Health Officials have been warning about a socalled twindemic. A down whammy of covid and the flu. It never panned out but this year experts say the flu season could be a bad one and the cdc released this map today that shows flu cases are especially high in the south and the southeast. See the red states also rising in d. C. And across the new york city area cdc director dr. Rochelle walensky told nbc news why she and other Health Officials are worried. Not everybody got flu vaccinated last year and many people did not get the flu so that makes us ripe to have potentially a severe flu season. Flu season typically ramps up around december but some School Districts already seeing outbreaks according to our nbc affiliate in san diego, a local high school reported hundreds of students were out sick this week, many of them testing positive for the flu a source tells our affiliate almost half of the student body is affected or absent. I can also personally report the preschool set is getting hit hard too. A messy scene in london today as two protesters threw a can of tomato soup on a famous van gogh painting. They werent protesting art but oil and now sparked an internal debate saying stunts like these arent helping the cause plus nearly eight months into the war in ukraine, is putin finally easing up or is the russian president s change in tone just another lie . Anything you couldnt explain . Youre a wizard, harry im a what . First hogwarts favorite gamekeeper has died. Robbie coltrane was best known as playing hagrid. He was so loved his agent reports he received letters from people every week for more than 20 years daniel radcliffe, the actor who played harry potter telling deadline i feel incredibly lucky i got to meet and work with him and very sad that hes passed. Earlier this year hbo released a 20th Anniversary Special about the Harry Potter Series in it. In it coltrane noted the impact of the stories saying the legacies of the movies is my childrens generation will show it to them generation so you could watch it in 50 years time easy ill not be here sadly but ill not be here sadly but hagrid hi. Im shannon storms bador. When we started selling my Health Products online our shipping process was painfully slow. Then we found shipstation. Now were shipping out orders 5 times faster and thanks to shipstations discounted rates were saving a ton. Honestly, we couldnt do it without shipstation join over 100,000 Online Sellers who get ship done with shipstation go to shipstation. Com tv and get 2 months free. Businesses across the country still struggling to find workers. A recent Goldman Sachs survey found nearly all small construction firms cant find the labor they need. According to the data, 92 of owners looking for workers say its difficult to find qualified employees. Cnbc kate rogers with the story of one immigrant who paved her own way in the industry now hoping to help others do the same when pearla came to the United States from brazil more than 20 years ago she was hoping to find her own version of the American Dream at the time was really hard, there were times where i slept in my car and then just did cleaning housing, clean boats, work in restaurants, clean tables basically did anything to survive and then eventually as i learn english, i became, you know, better at other jobs and was able to have more opportunity. Reporter de luca found a path working on Residential Home renovations and eventually found her way to the Construction Industry as a way to make a solid living my dad did kong instruction in brazil so i grew up around it and i always wanted the construction life, seeing something built from scratch until the final result reporter after starting a small construction firm, de luca bought her partner out in 2013 and to this day continues to run southeast constructs inc. Located in des moines, iowa. The competition for jobs and workers is fierce and the focus today for the Small Business is mostly on federal contract work from National Parks to bridges and more its hard for us to compete with larger ones on a private sector so at one point five years ago i switched to federal work and ive been really lucky i did 22 projects in five years. Reporter her proudest moment in running her own firm working on a Historic Restoration of the former president Harry Trumans house in missouri. We stripped the old paint and put new paint. Everything was done by hand. I was there the whole time and so, so proud to work on a former president s house as an immigrant coming to this country. Reporter de lucas advice for others in her shoes, persevere. If you have a dream you got to chase it. Dont look back, chase it as hard as you can. Because shes seen it firsthand deluca is looking to close the worker shortage gap in construction, come early 2023 shes opening her own school, the iowa school of construction to train more workers to get into the field back over to you a supermarket powerhouse is in the making. Thats whats topping cnbcs on the money. Grocery giant kroger announcing it plans to buy albertsons for nearly 25 billion if completed it would be one of the largest in u. S. Retail history. But the deal this size likely to invite scrutiny. The Companies Report theyll spin off 400 stores to form a new rival in an effort to win over antitrust regulators. Retail sales in september were flat compared to the previous month thats new data from the Commerce Department today. Consumer spending stalling as prices moved sharply higher. And tailwind air cleared for takeoff. The amphibious plane operator will fly commuters from d. C. To new york after some setbacks it is approved to fly in d. C. s tightly restricted airspace. It takes about 90 minutes. Oneway tickets start at 395 bucks. On wall street, stocks fall after a wild week of whipsaw trading. The dow down 404, the s p down 87, the nasdaq down 328. More than 3 im Kayla Tausche in for Shepard Smith. Its the bottom of the hour. Heres whats making the news. A Midterm Election battle in georgia. Warnock versus walker. Their only debate before voters cast their ballots the Global Resale Sneaker Market its worth billions a year as resellers use box to gobble up supplies. But first are russian losses in ukraine finally starting to soften putins stance on the war . Russian recruits drafted and sent to the front line with little or no training are already dying in ukraine, just three weeks after Vladimir Putin started mobilizing them. Moscow times detailed the story of one of those draftees, a lawyer in st. Petersburg, went to the Training Center less than two weeks later killed in combat. As ukrainian troops continue to push forward with their successful counteroffensive, analysts say the deaths of illprepared draftees is sparking renewed criticism of the kremlin at home and putin is signaling an end to his unpopular mobilization at a News Conference he said the draft will be over in two weeks and that he has no plans for another one. He also made another significant comment, putin said there was no need to continue mass missile strikes in ukraine and that russia is not looking to destroy the country. It comes after he unleashed a barrage of deadly missile attacks and drone strikes on civilian areas across ukraine earlier this week. For analysis lets bring in Michael Ohanlon michael, thanks. Is putin really softening his tone on the war, or is this just another of his bluffs . You know, its possible that he is changing im not going to predict it. But the package that you just put together, the comments that he made today, thats uncharacteristic and i think new. I havent heard anything like that in eight months now, what is that really mean . You know, hes not going to give up the land he currently holes in ukraine without a further fight. President zelenskyy of ukraine is not going to let russia have that i dont see a peace plan emerging from this and maybe putins just looking to be nice today so he can claim some ukrainian provocation and then get all angry tomorrow. So, i think i would be foolish to predict this is somehow ray softening of putin but nonetheless the rhetoric is different. Yeah. Not words weve heard before. It does feel different. Theres also some posturing happening in the middle east too. Saudi state media reporting late this afternoon the kingdom is donating 400 million in humanitarian aid to ukraine after all of the criticism of siding with russia by cutting Oil Production, so whats the objective of that move for the saudis well, im not too impressed 400 million for a country that exports the amount of oil that saudi arabia does is a drop in the bucket if it were going to be 4 billion then wed start talking, you know, so i see this as symbolic i see this as the saudis realizing that as angry as they want to be at joe biden or whoever theyre not going to make themselves look really good in the eyes of the rest of the world if they take putins side and Oil Production and energy price changes, so i think its a symbolic move and theyre going to hope they get some good play out of it. Im not going to give them any good play out of it. Nothing compared to what they should be doing and at best its a tiny baby step forward yeah, four weeks till the g20. Well see if anything gets tied up before that we appreciate your expertise security. That is tomato soup its dripping down one of van goghs most famous paintings sun flowers and happened today at the National Gallery of art museum in london here you see the two climate protesters smearing glue on their hands before sticking them to the wall. Cops eventually removed the activists from the wall and arrested them. Theyre from the Campaign Group just stop oil. Todays stunt part of a recent series of attentiongrabbing protests but now some are raising questions about their effectiveness. Heres valerie castro. What is worth more, art or Life Reporter against the backdrop of a souped soaked masterpiece climate activists grabbed the worlds attention once again meanwhile crops are failing millions of people are dying reporter this picasso in australia was also a recent target and even the mona lisa found herself with cake on her face though the painting was protected by a piece of glass and quickly cleaned up by Museum Security in italy a more than 5 century old boticelli got the gluey hand treatment until protesters were ripped away from the canvas but does the socalled disruptive climate activism really propel the public to act . Its making a lot of people angry, its getting a lot of eyeballs but its not helpful. Reporter some say it may be trending but also undermining the cause. Its really pushing more people away than it is welcoming them into the fold we need everyone at the table when it comes to engaging those on climate action. Others disagree i know it seems crazy but actually the situation is crazy, acting normal is crazy. Reporter argue the conversation this creates may be just as priceless as these works of art. People feel shocked when they see soup on a van gogh, a priceless work of art. And they should feel shocked because the reality of the Climate Emergency is shocking. A spokesperson for the National Gallery in london where that van gogh painting was on display says the artwork was unharmed protected by glass in the frame. Just stop oil, the group behind the protest says this is their 14th straight day of disruption in london and that more than 300 members have been arrested for various acts including blocking traffic around the capital city. Kayla. Vallerie castro, thank you. In paris, parkour, a sport in which people run and jump through urban obstacles now helping to conserve energy for the past two years parkour activists have been climbing around french cities turning off lights to save electricity but now as paris tries to cope with the Energy Crisis brought on by russias war in ukraine the activists are back and climb up to where small emergency switches are located outside store fronts, when they hit them the lights go out, the champ elise say, the shopping district is a notorious hot spot. You know those portable battery backups you plug into when youre on the go, what about there was a battery backup for your communitys entire electric grid . In her continuing series on climate startups heres cnbcs diana olick with the story of one town finding backup power from an unlikely source. Reporter on some of the hottest days last summer in beverly, massachusetts, the electric grid was overstressed it needed help and got it extra power from of all things electric school buses and a startup called synop. It helps them become Good Samaritans to put energy back in. Reporter its called vehicletogrid charging where a fleet vehicle like an electric school bus with an energy dense battery thats not in use can send its power back into the electric grid during times of power stress it can then recharge itself overnight when grid usage is lower. It is the Information Software platform that makes it happen and thats what it did with Highland School buss in massachusetts. This past summer, for our customer highland we helped deliver ten Megawatt Energy hours back into the grid and did that every single day for the entire duration of the summer and thats about charging when its cheap and selling it back when its most advantageous. This is battery electric storage that happens to already be on wheels reporter a win win for highland expanding its fleet of electric buses across the northeast. It helps local utilities meet demand, but it also creates income for School Districts and it makes electric school buses more affordable. Reporter because the Bus Companies sell their electricity back to the grid at a higher price than they pay for it during lower stress hours. We are able to issue signals to the chargers to say, yes, lets take 100 kilo watt hours from each of these buses and push it back into the grid from 6 to 00 p. M. Investors in it are wireframe venture, obvious, and better 10. 1 million so far and vehicle to grid charging is gaining ground quickly ford announced a partnership where f150s can act as battery backup for solar powered homes as it grows that will offer more opportunities for platforms like synop. A Senate Showdown in georgia happening right now. Herschel walker and reverend Raphael Warnock facing off in their only debate. Its one of the most anticipated matchups of the midterm season, so how is it going ylan mui has within watching nike out with a big announcement what behavior theyre cracking down the highly anticipated debate in georgias Pivotal Senate race is under way right now. Senator Raphael Warnock and his republican challenger Herschel Walker are facing off in their one and only scheduled debate. This is a crucial seat that democrats need to hold on to if they hope to maintain control of the senate tonights debate comes after a series of bombshell reports from the daily beast and the New York Times that walker paid for a girlfriends abortion then urged her to get a second one. Walker is a fierce opponent of abortion, he says. He called for a total ban with no exceptions for rape, incest or to save the life of the mother hes repeatedly denied the accusations. As for the debate we cant show any clips until its over but cnbcs senior Congressional Correspondent ylan mui has been our eyes and ears. How has it gone so far. Reporter yeah, this is one of the marquee matchups of the midterms and gloves came off right from the start republican Herschel Walker blamed democratic senator Raphael Warnock for everything from inflation to transgender men competing with women sports and at every turn he tried to paint warnock as a washington insider and as a rubber stamp for the Biden Administration at one point walker said hes for joe biden, i am for georgia. Now, warnock started by highlighting his history he grew up in a Public Housing project not far from where the debate is taking place and said his opponent has a problem with the truth. Now, there were fireworks as well when the moderators asked about abortion, warnock tried to sidestep it saying he trusts women more than politicians to make that choice, instead he tried to talk about Maternal Mortality and walker said that the allegations that he paid for his girlfriends abortion were simply a lie and that he believes in life still, that controversy over walkers role in his girlfriends abortion appeared to be hurting him at the polls you can see interest this graph he was catching up all through the summer and run neck and neck as late as september then the news reports came out on october 3rd and his numbers took a hit currently the real clear politics polling average has walker behind by about 3 percentage points. Both Political Parties are investing heavily in these candidates it is the most Expensive Senate race in the country. 232 million in ad spending so far. 126 million by democrats, 106 million by republicans those ads have touched on health care, the economy and crime. But lately many of them are about the candidates characters well see if their performance changes any minds. Both said they would accept the outcome of this election whoever wins all right well let you get back to it ylan, we appreciate it ylan mui from washington nike is taking on the bots updated its terms for online sales targeting people who resell their products using Automated Technology digitally savvy buyers have been gobbling up sneakers at retail only to flip them for big bucks on the secondary market. The global sneaker resale market is huge. Investment bank cowan estimates it rakes in 6 billion a year. About a third of that is from the u. S. Nike hearing complaints from shoppers who have been boxed out at retail are trying to level the playing field. The Company Already prohibited people from buying its products for resale but the new rules now allow nike to cancel orders placed with bots nike reports it can chree stocking fees, refuse refunds and suspend accounts of users it suspects of reselling. Theres a war brewing and its all about cookies flour, sugar and sprinkles the controversy has been going on for months but now theres some serious dough flying around cnbcs andrea day has that story. Frumble is suing. Reporter utahs cookie war getting a lot of attention cookies really worth suing over reporter it all started back in may when crumbl sued and claiming the two brands, packaging decor and presentation is confusingly similar to crumbles. Our brand something black and goal, their is pink and black. Theirs is a chef wearing a hat, ours is two overlapping cookies. I dont see confusion. I think most can tell fine we dont look anything like alike reporter both told cnbc they think its half baked. Imagine Pizza Companies doing this sending pictures of a pepperoni pizza, putting them in a lawsuit saying it looks mightily similar to my. Reporter crumble cofounders sat down with cnbc last year to chat about their booming business. I have to pinch myself every day because we talk about sprinkles over the conference table. Reporter but when we reached out about the lawsuit they declined our request for an interview. Instead sending this statement by email cr cru cr crumbl has taken legal action against two companies. Did you steal crumbles cookie recipes. No, just look at our cookie you cant get a more different product. You can taste it and its so much different look how absurd this is. Reporter diane is a practicing trademark attorney in new york city. With no connection to this case. Crumbl came up with a great idea a whole Business Model which are rotating cookies each week, delivering them warm in a box that fits the cookies snugly the problem for crumbl is that an idea is not protected by intellectual property law. Reporter could the case go to a jury . It could be dismissed by showing a judge that as a matter of law, these marks dont look alike and if the marks dont look alike, thats where the cookie crumbles. Reporter and both cookie makers being sued told me social media around the cookie wars has been great for business. Crave sales jumped 00 and dirty dough sales doubled since being sued back to you. I think well need to taste each one of each to know nothing ups a persons sneaker game than a pair of custom nike. The popes new shoes, where they came from and how he reacted to the gift plus, the rebel rally. An offroad competition like no other. Who else but jane wells to be there tonight. Hey, kayla, do women want to drive these vehicles offroad . Are they capable increasingly Auto Companies are saying, yes and yes thanks to the nations longest offroad competitive rally and get this, only women can drive they even let me in a car. Weratheinh neex pst. Girl. You can do better. At least with your bigname wireless carrier. With Xfinity Mobile you can get unlimited for 30 per month on the nations most reliable 5g network. They can even save you hundreds a year on your wireless bill over tmobile, at t, and verizon. Wow. I can do better yes you can i can do better, too see how easy it is to save hundreds a year on your wireless bill over tmobile, verizon, and at t. Talk to our switch squad at your local xfinity store today. No cell phones, no gps just a bunch of gals in their trucks. Its called the rebelle rally. All womens offroad navigation rally in the u. S the race has been going strong for seven years. It doesnt require you to be a professional or even have a vehicle to race with the point is to help women get more comfortable using their own navigation skills while driving off road cnbcs jane wells got a front row seat at what it takes. Its 5 00 a. M. And over 100 campers in the nevada desert are waking up to the longest competitive offroad rally in america. Were rookies. Reporter theyre all women fun time. Taking part in the rebelle rally, over 1400 miles from lake tahoe to the mexican border. Not a speed race but one where competing teams win by finding checkpoints. Time. Reporter mixed with timed segments in regular vehicles we have two phones and one laptop my work laptop. Reporter heres the catch. They cannot use Technology Like didnt to figure out where to go and all devices are wrapped up for the week instead, the route has to be plotted old school 36. 4. Reporter as i learned five, six, seven. Reporter sometimes very old school emily miller is a veteran offroad racer who created the event seven years ago. When i was racing and competing, i was usually the only woman. Reporter ary rowspace engineer chris has competed with her daughter, a molecular biologist. Last year they came in second. I have seen her become the most capable driver. Reporter this year shes navigating with another driver and on day one emily is stuck with me. Lost the ruler. The ruler down reporter thankfully navigator Ma Reyna Smith is backup in the backseat 0. 78. We couldnt find our first checkpoint off the road. Maybe we should take that. I kind of feel like its a straight shot. Reporter turns out someone stole the checkpoint marker so we ginned one up and got back on track as the pressure mounted. Oh, my god. Its all on my shoulders it costs over 13 grand for teams to enter the rally which includes gourmet meals but sponsors are piling in including a growing number of Car Companies who see the rally as a sales and Marketing Tool aimed at women and the event will turn a profit this year for the first time i wanted to give women a platform to shine. For them to believe that they are the bad ass that i know that they are women are more than 50 of the driving population but theyre less than 2 of the people competing reporter it was really intense and really fun now, despite the entry fee this years rally sold out and a lot of the teams thousand that are returning are sponsored by Car Companies, everyone from jeep to toyota to ford, there are other sponsors like yeti, iridium. Even rivian has an electric truck and the rally had to come up with a way to charge those evs remotely kayla, its a thing. Its a thing but, jane, it strikes me as sort of a modern day true Beverly Hills and you are phyllis neve ler these women seem pretty hard core. Reporter it is and i was just day one which was sort of the introductory day this is day seven. Theyre coming in now. Its gotten more and more difficult every day of the week. And i dont know, you saw emily and chris, mother and daughter, i have a 32yearold daughter. We might have killed each other by day five if we did this together communication is key. Taking one for the team always jane wells out in the desert jane, thank you. A man in kentucky quit his job back in 2013 to make custom sneakers for a living and he probably had no idea hed one day get to make kicks for the pope meet billy hobbs, owner of true blue customs he makes custom shoes, cleats, even basketballs father jim zychco asked hobbs to transform this pair of nike blazers, yellow and white, to represent the papal flag they also featured the popes coat of arms father zychco took them to rome and gifted them to pope francis on wednesday. Wow, he was pointing at them and i took them out of the box because on the backside it says, pope francis on them and he was just very, very pleased with them hobbs says the popes reaction to the sneakers isnt just a win for himself, but also for kentucky you see his face, its like, wow, you know and its like, its humbling, its awesome. Man, he really dug my work he actually liked it in a post on instagram hobbs wrote, he likes to let his work and clients tell the story but these shoes take the cake. 45 seconds left on our race to the finish. Police say the teenager suspected of going on a shooting rampage killing five in raleigh is in Critical Condition sources tell our local nbc station that one of the victims was the suspects own brother. Its still unclear whether former President Trump plans to testify to the january 6th committee and comply with its forthcoming subpoena. Vladimir putin says hes planning on ending his unpopular military draft in about two weeks. New reports that new recruits are already dying in ukraine. And now you know the news of this friday, october 14th, 2022. Im Kayla Tausche in for Shepard Smith. Have a great weekend [ suspenseful music plays ] narrator in this episode of american greed. When covid first hits, the u. S. Government opens the money spigot. Trump today, i will sign the single biggest Economic Relief package [ applause ] in american history. Narrator but that package leads to what is quite possibly the largest fraud in american history. Reporter estimates start around 100 billion. Narrator a Staggering Amount of covid relief money disappears into the hands of criminals. The fraudsters are bold, buying luxury cars, flights on private jets, mansions. And, in the crowd of crooks, one swindler stands out. Richard ayvazyan runs a family fraud factory designed