Losses the university of michigan warning of a billion dollar hit from the pandemic. Their president will join us kelly. Stocks are lower coming off two straight weeks of losses lets get to bob for more on the selling today. Modest rally in the last hour s p is comfortably over 2800 again. Two issues weighing on the markets. I think a lot of investors surprised by warren buffet not so much buying the realizizati realization tha slower than people anticipated restaurant stocks all down dave and busters, dennys. You can see theres less optimism it will go so well in the restaurant stocks today. Mr. Buffet getti inting out of positions didnt help at all all down 3 or 4 the leadership out there on the plus side, wfh the work from home stocks have done so well the wall greens walmarts have all done so well a little bit of, i think optimism that the Energy Stocks are continuing to holdup well. Weak open but a lot of the big names in positive territory. Refiners Like Marathon Petroleum and th
i m victor blackwell. welcome to cnn newsroom. we re hours away from president biden s state of the union address tonight, his first to a divided congress. instead of nancy pelosi over the president s left shoulder, it will be speaker kevin mccarthy. the speech is expected to draw the largest television audience for the president this year. americans will hear biden lay out why he believes the state of the union is strong as he said last week. he s expected to talk about lowering inflation, improving infrastructure and getting past the worst of the pandemic. he s also expected to talk about america s stand against china. of course just days after an american fighter jet shot down one of its supply balloons. the president will likely increase the urgency for congress to act on policing reform and an adult weapons band. all of it will be a test run for his re-election bid. phil mattingly is with us now. what more should we expect from the president tonight? you know, vict
countries, two americans among them. a far right rebuke in the world s fourth biggest democracy. brazil s bolsonaro beaten in his re-election runoff. what could be a big blow to diversity at colleges. today the u.s. supreme court considers ending affirmative action. welcome to our viewers in the united states and around the world, i m christine romans. the death toll is now at least 154 in south korea s crowd surge. making it one of the country s worst ever disasters. this morning south korea s president and first lady laying flowers at a memorial alter in front of seoul city hall as the nation begins a week-long period of mourning. senior international correspondent ivan watson is live for us in seoul this morning. are investigators making progress on figuring out what sparked this crowd surge? reporter: we re not hearing any conclusive details about that. i do think that the shock of the scale of this tragedy is still sinking in. i m here just basically a few step
safety concerns for witnesses or it could impact on going investigations. prosecutors have until thursday to propose redactions, then the judge will decide whether they are reasonable. there are a couple things worth thinking about between now and then, even if we see the affidavit, it is just one side of the argument, the government s side. the target of the search doesn t get to appear in front of the judge or argue. the information has not been cross examined. secondly. it takes probable cause to search, but it takes a lot more than that to convict. whatever is affidavit may wind out to be true or certain. only the government participates in seeking a search warrant, we don t know and we won t know until both sides present their facts and test the echedz on evidence on the other side, we should ask ourselves why? why do we want to read the affidavit? how will it help us arrive at the truth? do we arrive at the facts. credible evidence is to move us to persuade us, can we s
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