Reporter the white house is keeping one eye on that Missile Launch in north korea even as the president prepares to deliver a major speech here later today to the muslim world. The white house released a statement a short time ago saying this. It says we are aware that north korea launched a midrange ballistic missile. This system last tested in february has a shorter range than the missiles launched in north koreas three most recent tests. And they are referring to the department of defense for more information on this. The launch was something a distraction here but the white house is focusing on this speech that he will give to the muslim world later today. We are looking at live pictures and help walk us through what we are anticipating today and the mood there as we wait to hear from President Trump about u. S. muslim relations. Reporter the mood here, i think, is one of anticipation for what the president is going to say. Really, it is an opportunity to reset the relations, but a
Recent high. Stocks bounced back from there. And now were just bouncing around. In fact, the main story today is that volatility is clearly back in the market. In fact, if you look at the volatility index it has hit the highest level in about two years. Now, look, i know this looks scary on the screen. But many investors say this is a perfectly normal thing to happen. If you really think about it, we had a stock market rally for eight years now. And the markets are overdue in many metrics for a correction here. And you layer on top of that a very strong jobs report which we had last week that showed wages were increasing, that stoked fears that the fed would actually raise rates faster than anticipated. And that would drive some investment actually out of bonds and into other assets like sorry out of equities and into other assets like bonds. So thats whats going on here. Look, it is anybodys guess as to what happens from here. We could see another drop. I spoke to some investors today
Election. It could be a completely different world by 2020. Its a long way off. I think its far too early to make a judgment of that type. Talk about what might happen in that time i think is premature. We have no idea who is going to run. Whether the president runs again or not i think is very questionable, candidly. Why wouldnt he . Ah. I dont know. Why would he . Reporter cnn White House Reporter Jeremy Dimond is with us and julian zeleny and siraj ha ha hashmi. The relationship between the president and mitt romney is tumultuo tumultuous. Is it surprising we havent heard a solid position from mitt romney . He is following a long line of senators and congressmen who are not ready to jump on to the Trump Campaign 2020 reelection bid yet and telling of this president his Approval Ratings and situation in washington. But trump and romney, in particular, of course, have a very tumultuous relationship and i think we have a clip of their longstanding feud. I dont think mitt needs lots of
the clock is ticking at the white house where president trump has until the end of the week to decide if he ll fight the release of a memo from democrats. it challenges strong accusations made by the republican counterparts on the house intelligence committee. chief among them, that the justice department abused its authority in the russia investigation. president trump has whole heartedly embraced that gop memo saying that it totally va vindicates him. kaitlan collins is at the white house with more. reporter: the president has five days to decide whether or not he s going to block the release of the memo. a source familiar with the process told jeremy dimond that the president is going to act off the recommendations of the fbi and the intelligence
cnn white house correspondent and reporter jeremy dimond is live in riyadh, saudi arabia. he is saying we have to come together confronting islamic extremism but not saying radical islamic extremism. what is the difference, jeremy? reporter: yeah. you know, it s really interesting. a question over the last coupled as to whether or not the president would say those word which he talked about on the campaign trail, radical islamic extremism which he berated president obama for not uttering during his presidency. now it appears that president trump is not going to says thog word and saying as you just said islamist extremist and might not sound so different but here it will make a difference. the fact he is not talking about islam and not saying this is derived from the islamic religion. rather, he is saying thg tied to