Transcripts For CNBC The News With Shepard Smith 20240712 :

Transcripts For CNBC The News With Shepard Smith 20240712

Hopes of stimulus relief fade. Could a doubledip recession be right around the corner . Troubling, alarming, dire the rural surge is real people sick. Front line workers exhausted hospitals forced to make tough decisions about medical care announcer live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. Good evening. Eight days until the election and both candidates are targeting one mustwin Battle Ground state called pennsylvania both were there today. President Trump Holding three separate rallies in p. A. , while joe biden made an unannounced visit to his Campaign Field office outside philly. Biden calling out the president s rally saying its not appropriate to hold events with massive crowds right now, as covid cases ride to unprecedented highs across the country. But President Trump insists, were rounding the corner on the pandemic something scientists confirm is not true coronavirus fears rattling the markets today. The dow plunged almost a thousand points before closing off 650. Well hear from jim cramer on that in a few minutes. Vice president mike pence moving forward with a Campaign Event in minnesota, even after five of his aides tested positive for covid19 over the weekend. His spokeswoman says the vp tested negative this morning on capitol hill, the senate expected it confirm judge Amy Coney Barrett within the next hour President Trump says after that hell host a ceremony at the white house. So a lot to cover. First, t bao kaylound blitz for President Trump with eighta covering the Trump Campaign eight days to go, trying to outtravel his competitor former Vice President joe biden who is currently out polling and out spending him today Trump Campaign manager told reporters he believes President Trumps ground game chips away at any lead the democrats have through early voting, suggesting the other side is leaving absentee votes on the table by not getting their candidate in front of more and bigger crowds. And there were large crowds as you can see in pennsylvania today, as state Trumps Campaign notes is critical to any path it has to 270 electoral votes tomorrow President Trump will campaign in wisconsin, michigan and nebraska wednesday back to the sunbelt. Trump said today like an athlete hes leave it all on the field and criticized his rivals slimmer schedule i thought it wasnt going to make it, but one thing unlike joe, where he goes into a basement, if he loses you know, who knows what happens, right . Its called an election. He should be ashamed of himself because he didnt work one thing i did five, six and sometimes seven of these in one day those last few days. Meanwhile, Trumps Campaign is taking out 6 million in new ads across the rust belt, focusing on the economy and seniors. Jason miller, trump senior adviser, said it will put them closer to parity with the Biden Campaign that ended september, shep, with 432 million to spend in the homestretch Kayla Tausche on the Trump Campaign aly virginia blitzing these states, several states and tavii joe biden has not matched that pace out on the campaign trail, and its something that has some democrats hand wringing, wondering if biden should be out there campaigning more its something the former Vice President was asked about today during an impromptu stop in chester, pennsylvania. Listen to how hes saying why hes campaigning the way that he is the big difference between us, and the reason why it looks like were not traveling, were not putting on super spreaders we are doing what were doing here everybody is wearing a mask and trying as best we can to be socially distanced reporter now, shep, pennsylvania, the state that biden has spent more time in than any other this general election, but hes also adding some other key states to the mix this week. We know that he begins tomorrow in georgia thats a state that democrats havent won since 1992, but democrats have been sal vindicating over the chance to invest there and see if they can get it to flip in 2020, especially after they saw how close the 2018 governors race was. Biden also making critical stops in places like florida, michigan, and iowa and florida this week in the homestretch those are the ones we know about so far its the final week until election anything can be added. It will be busy out on the campaign trail ali, thank you. The senate is on track to vote in less than half an hour to confirm judge Amy Coney Barrett to the Supreme Court Hallie Jackson is at the white house. Hallie, tell us about the ceremony the president is planning to celebrate. Reporter yeah, ceremonial swearing in of judge Amy Coney Barrett, presuming as is expected that she ends up confirmed here in the next hour or so as Justice Barrett there is going to be a big difference, shep, between tonights event and the one you saw exactly one month ago today in the rose garden for barretts nomination you know what that difference is masks, shep. This time im told by a senior official that unlike the video youre looking at now, masks will be required for tend ease who will be at the white house tonight. A primetime event for the president , but this is going to be a celebration for him, the third justice he has gotten onto the Supreme Court confirmed by, of course, the republicans in the senate Party Line Vote expected for Amy Coney Barrett, but, of course, a big deal for President Trump, particularly in the closing days of the campaign, shep. Hallie, i mentioned the Vice President moving forward with Campaign Events even after his staff tested positive for covid. For regular people, everyday folks, thats against the guidelines, right . Reporter right, youre not supposed to do that. If you or i ended upcoming into contact with somebody who tested positive, wed have to go and quarantine for a little while. But if you are an essential worker, the cdc has different guidelines the Vice President s office says, hey, hes an essential worker that means he can do the work of the campaign youre looking at with the Vice President in minnesota, and take various precautions like, for example, pence did according to pool reporters with him, wear a mask on his way up to the stage, took it off when he spoke, took it off when he went back people who tested positive for mike pences inner circle, four outside staffers and advisor one is a chief of staff someone extremely close to the Vice President. He did, though, both he and karen pence, tested negative for covid today, shep. Hallie jackson, thank you covid watch and covid deaths are mounting in america. Were now averaging close to 800 deaths per day, up 10 over just the past two weeks according to johns hopkins. And cases continue to flaer re. The country adding the largest 7day surge during the entire pandemic more than 141,000 cases in the past week. If you think youre safe in a rural small town, think again. Some of the states with the lowest populations, the dakotas and montana, theyre now recording the highest number of cases per 100,000 over the past two weeks. The rural surge is real. No one is safe nbcs Gabe Gutierrez on how south dakota is dealing with the pandemic reporter shep, covid cases in at least 42 states were up at least 10 over the last two weeks. And the crisis is ravaging many smaller communities for the first time for example, at this hospital in sioux falls, south dakota, there are about 70 Covid Patients in here right now, but hospital administrators say its not the potential lack of bed space that worries them they keep expanding their hospital to accommodate that its the potential staffing issues over the next few months. With having so much covid within our community, we have a certain percentage of our nursing staff, our physician staff, all of our staff that are out either quarantining or sick with covid winter is now here, and we dont foresee the cases slowing down any time soon unless people change their behaviors reporter around the country, around 41,000 people are hospitalized its about a 40 jump in the last month here in south dakota, hospitalizations have risen and the state is reporting a record for the second straight day. But theres also disagreement here between local officials and the states governor, local mayor and Public Health officials are urging residents to wear a mask, but the states republican governor says that its a choice. And people who dont want to wear a mask should not be shamed into it. Shep gabe. If everyone in america would wear a mask, 130 lives would be saved by february. Hear that . 130,000 people are going to die who would not if we would all wear masks thats from the scientists but thats not happening in utah, Covid Patients flooding icus doctors say there are now twothirds full statewide. A few patients away from what theyre calling unmanageable in cases utahs increased 44 just this month. The most cases since the pandemic began nbcs Meagan Fitzgerald is live in salt lake city. Megan, how are hospitals there and across the state coping with this surge reporter you know, shep, i think the short answer is day by day. But what i can tell you is theyre certainly sounding the alarm. Just last week going to the governor saying, look, if the state continues on this trajectory of covid19 cases continuing to increase, theyre going to have to start prioritizing patients. So what this means is, for example, if you have a younger patient and an older patient who have similar or equal levels of illness, these Health Care Providers will have to prioritize that younger patient. Of course, all of this taking an emotional toll on these doctors and nurses i can tell you personally that i have been at the bedside of multiple patients of covid19 and been the last person that they saw, the last person to look at them in their eyes before they died i have to do this sometimes multiple times a day i have seen nurses walk out and say, i cant do this but we have to who else is going to do it reporter yeah, a dire situation here in utah covid19 numbers hitting record levels last friday they saw nearly 2,000 new cases in just one day. Were seeing hospitals across the state overwhelmed. Icus at or approaching capacity. While health care workers, the state is pleading with the public to do their part to stop the spread of this virus is shep . Meagan, thank you the dow was off nearly a thousand, closed off 650 the worst day in almost two months the s p and nasdaq a little better s p down almost 2 nasdaq lower by 1. 6 and the reason well, analysts are pointing to the record rate of new covid cases, competing disaster relief, which is not happening those bills stalled in the congress and the hoped for economic recovery anemic. Economists, the fed, Everyday Americans have been sounding the alarm for months, so why is wall street just taking notice today . Jim cramer is with us, cnbcs voice of the investor. Jim, what spooked the markets today and why now . First, shep, thank you so much for having me on. I think that what spooked people is when you get certain numbers, they begin to think, were going to go back to the lockdown when we go back in lockdown, then there is a dramatic decline in employment and dramatic decline in the amount of money people have without a stimulus package. So i think it was a logical, logical move and for a moment we forgot about the possibility that a vaccine is around the corner shep, we have the bad and now the good i wonder the lack of stimulus bill, lack of disaster relief, is wall street now pricing that in, too . I think they are. I think theres a lot of people on wall street would say, can we just accept the fact there wont be a stimulus anything near term we are really worried about individual lockdowns i know that there are a lot of people who want to go to bars and restaurants, a lot of people want to go out theres 14 Million People involved in the Hospitality Industry those are the people and their families most directly impacted by the fact there may not be a stimulus package if we see the shutdowns, we see Airline Traffic go down again, we see Hotel Reservations are terrible, theyre talking about 50 occupancy around the country. Shep, thats not the way you can maintain any growth. Is there uncertainty within the markets on the election . Because ive heard you and so many on cnbc in the morning say that a biden win is sort of priced in already. Is that right . I think a biden win is priced in i do not think a senate the socalled blue wave is priced in if only because people are just now beginning to get their arms around the idea their capital gains, particularly wealthy people, theyre the ones who have capital gains, their taxes are going to go up but ive got to tell you, shep, there was just kind of an overhang, a kind of belief that, you know what, lets take some profits ahead of this election who knows its going to be a disputed election. The covid numbers keep going up. Im telling people stay the course weve seen worse and i think the fact that the fatality rate is low is somewhat reassuring even as it is going up. I listened to what you had to say about masks. Boy, are you ever right. A lot of this is our own fault follow the fauci. If we all wear masks, if everyone would do it you wonder why big business and big tech and wall street in general pushing the rest of the country to say, if you wear it, we wont die. If you wear it, our economy will return where are they honeywell is behind it doing the right thing. 3m, im seeing it from walgreens. Under armour, its a ground swell, its happening. Theyre going to fall in line, i promise you. It s great to be your post game show. Im thrilled to see you i worked with you at another point in my career and glad to see you. Group hug one day thank you, pal. Appreciate it. Strong winds fueling flames in Southern California today. It is awful. The one theyre calling the silverado fire, doubled in size in just a matter of hours. Were live on the ground where fire officials are telling people to get out. And for many, this is all too familiar a burning ember falls on top, it will slide right down the metal. One homeowner who lost everything to a wildfire builds a house thats not supposed to burn early voting shatters records. More than 60 million ballots already cast how much does election day still matter plus, water on the sunny side of the moon why that could be a game changer. Announcer the facts, the truth, the news with Shepard Smith back in 60 seconds the 1966 etype roadster. My father spent 3 years restoring this car. It is his love. It is his passion it is his fault he didnt lock the garage. Dont even think about it uhhh. Hi, dad been there, done that. With liftmaster® powered by myq®, know whats happening in your garage from anywhere. Chickachickahh chuckles kids. A fastmoving wildfire erupted in Southern California this morning forcing about 70,000 people to evacuate on the fly. They call it the silverado fire. Its burning right now down in orange county, south of los angeles. More than 500 firefighters battling the flames. Late word, at least two have been badly burned. Thats from the countys fire authority. It just lit up this morning. And the powerful winds just exploded it and already scorched about 4,000 acres. Nbcs Miguel Almaguer is on the ground reporter shep, ive been covering wildfires the last 20 years and i am shocked that not a single home or a subdivision at least has been destroyed by the flames here. The situation has been erratic on the weather front you can see here this is one of those hillside neighborhoods thats under threat at this hour there are hundreds of homes out in this area fi firefighters and strike teams are trying to protect the hill sides. You can see all the way down the block fire trucks are standing at the ready earlier today there were wind gusts upwards of 96 miles an hour here in Southern California thats the same strength as a cat2 hurricane and those are the conditions firefighters are battling against it starts with small fires and blows them through entire communities here as you mentioned, some 70,000 people have been forced to evacuate that number could rise over the next 24 hours. Just extreme wind event called the santa ana winds in Southern California, and known as the devil or the diablo winds in northern california, are expected to last for another 24 hours across this region power has been cut to a Million People theyre so concerned that those transmission lines could actually spark other wildfires again, the good news here, shep, no major destruction in terms of homes lost no lives have been lost. But two firefighters are also in Critical Condition its going to be a long 24 hours as these nasty, nasty winds continue to kick upwards in strength upwards of 80 and 90 miles an hour, shep. Incredible. Miguel a

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