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Transcripts For CNNW CNN 20240704

Likely. Were following the legal and political implications. Plus a warning to Donald Trumps legal team from the judge overseeing the election interference case, saying more inflammatory statements will require a quicker start to the trial. We are live outside the court. And the death toll as they have yet to even start searching the hundred of burned out buildings. Well take you live to maui. Were following these major developing stories and many more all coming in right here to cnn news central. Another controversial investigation that could have some pretty big repercussions for 2024 is escalating. Today a Special Counsel was designated in the federal probe of hunter biden. Attorney general Merrick Garland named david weiss to the role. Weiss has been leading this investigation. Yes, he has. Hes been leading the investigation into hunter biden for the past five years, in fact. This week he asked himself to be elevated to that role of Special Counsel. Were following that in realtime.

Transcripts for CNN CNN News Central 20240604 19:36:00

that is a huge increase. it s massive, and it really explains why some families having such a hard time getting by right now. inflation has cooled off considerably. we ve gotten two big inflation reports in the last two days, and both of them make that obvious. we re nowhere near those inflation levels of last summer, and yet inflation can be cumulative. there is a snowballing effect here of two years of price spikes, and so americans are spending a lot more in a lot of different areas including, of course, housing and anybody trying to buy or rent right now knows that. people are spending more at the grocery store, on recreation on things like streaming and buying tickets and also on cars, on buying cars and insuring them. both things can be true. inflation has cooled off and it s also done a lot of damage over the last two years. two things can be true at once very much. matt egen, thank you very much for that.

Transcripts for CNN CNN Newsroom 20240604 19:58:00

was finally rescued. cnn s nick valencia joins us now. how did he fall off the ship? reporter: well, he says this is a thanksgiving he will never forget becut he says he doesn t remember how he got into the ship. the last time he was seen was 11:00 p.m. the night before when he told his sister he was on his way to the bathroom. he was treading water for more than 15 hours in the gulf of mexico, and he described his will to live and how exactly he stayed alive. was there any point while you were out there that you thought, i don t know how much longer i can keep doing this? when it started getting towards nighttime again, the water started getting colder. at that time, i thought, you know, how much longer am i going to have to be out here? i done taken off my socks and everything, just waving them around my head trying to do something where they would see me, and when that light finally hit me, somehow i heard it.

Transcripts for CNN CNN Newsroom 20240604 19:08:00

we have more work to do to ultimately getting paid sick leave for every american worker. that is a goal in the beginning and coming back at it. i know this bill doesn t have paid sick leave but every worker deserves but that fight isn t over. reporter: what i would say is this is something that the president pushed for since coming in office. it was in the legislative proposals initially. there s no clear pathway to be enacted. what matters most to the white house is avoiding economic collapse and what they did. guys? phil mattingly, matt, katherine, thank you. almost 1.5 million votes cast in georgia ahead of next week s runoff election between democratic senator warnock and republican challenger walker.

Transcripts for CNN CNN Newsroom 20240604 19:06:00

do they have to overcorrect so much that we are in a recession next year? phil, what is the white house doing? reporter: what s interesting, not pausing because i don t have a good answer, there are so many different element frsz the white house perspective that they try with the acknowledgement there is no silver bullet. the fed is the place where inflation will be reined in. taken longer than i think people expected. it complicates the poerms and the gains that the mrgts seen in the two years could be set back significantly if the fed goes too fast for too long and a concern. you have heard quietly. it s an independent entity but in terms of the underlying elements of the jobs report. but the other issue is you heard

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