Transcripts For CNBC The News With Shepard Smith 20220726 :

Transcripts For CNBC The News With Shepard Smith 20220726



the key former trump insider who testified, plus the info from the january 6th committee that relate to donald trump. >> it's more evidence that he, first of all, set for three hours oing nothing. the first special legislative session begins to consider more restrictions on abortionheadway today. they travel to canada to apologize for catastrophic abuse of indigenous children. . the details pope francis travels to canada to apologize for catastrophic abuse of indigenous children. the detail in the reactions. a survivor of a shooting that killed his family. a fire burning near yosemite. the nfl starts a new streaming service. my from cnbc, the facts, the truth, the news with shepard smith. we could learn a lot this week about what's ahead for our economy. conflicting datathe clearest sign of what's to come. on wednesday, the feds set and d signals about whether we are headed for a recession, but in the coming days, we are expected to get our clearest sign yet of what is to come. the feds are set to meet and determine how much to raise interest rates. on thursday, new gdp numbers will show whether the economy grew or shrank over the past three months. and on friday, consumer price inflation numbers are such a drop. plus several tech giants will report their earnings this week. all major indicators for the health of the overall economy. the biden administration is trying to get ahead of what could be a tough outlook. >> my hope is we go from this rapid growth to steady growth, and we will see some coming down, but i don't think we wil , god willing, see a recession. >> i am not saying we will definitely avoid a recession, but i thinep inflation down. >> call it what you want, people have been facing red hot inflation for months. according to a recent poll from ofmarketll ameriore ththe alf l can stay strong and bring inflation down. >> call it what you want, but people have been facing red-hot inflation numbers for months. according to a recent poll, more than half of all americans think the country is already in a recession even though gdp numbers do not reflect it. the question is, how does the feds data? it all depends on which version of it shows up this week. will it be the firebreathing inflation slaying or the one that sees signs inflation is easing or somebody in between? we will know soon enough. critics point out the same folks who said inflation was transitory, they are all now trying to play optimist on the possibility of a recession. on what exactly does the administrations argument hinge and our economists buying? >> the big argument from the administration and other optimist is we had a strong jobs market. it is unusual to see an inflation with that rate of 3.6% but there are signs it is starting to turn. the number of jobless claims last week shot up to the highest since november. the nonrecession camp also argues the consumer is in pretty good shape in the american express numbers and other data have shown spending is strong, but, inflation is taking a toll and there are signs it is starting to turn. just this evening, walmart warned investors profits but we were so unexpected, cutting their outlook for the second time this year. citing inflation, that is hurting demand for general merchandise. the good news is even if we go into a recession, technically, the lack of consumer leverage and indebtedness we have seen it other recessions is why many are thinking that it would be a shallo long recesw on. >> if weand anot eeing too gnsf recession. >> if we started seeing signs of recession, what does that do to the fed to tolerate pain in the economy. they are trying to bring? own th >> right now, the fund has made it clear that inflation is job number one, and they have signaled they are willing to tolerate some paint in the economy or even a recession to bring down that inflation level. that is why many think they should keep their eye on the ball and keep raising interest rates until inflation comes down. but there is a growing school of thought, and this is starting to make its way into the market, but says the fed will pull back or even stop raising rates as the economy deteriorates. the fed does not want to see unemployment rate stood up and people losing their jobs and looking for work again. it is thinking that the feds will stop raising interest rates at the end of the year, and even starting to think that the feds will cut rates next year. go the other way to stimulate the economy. it appears it appears the justice department's investigation of e department's investigation of the january 6th investigation is expanding and reaching all the way up to the white house. nbc news has learned that the former vice president's chief of staff under subpoena and appear before the federal grand jury investigating the attack in d.c. he was with the vice president at the capital as the riders closed in, many calling for him to be hanged. he is the highest rankinedits g official knowledge of testified before the grand jury. in the meantime, we are learning that former president trump made some significant edits to that speech he gave to the nation on january 7th, the day after the supporters attacked the capital. to date the january 6th committee released a draft copy of the speech with handwritten notes. you can see that the lines were deleted and condemned the riders and call for their prosecution. all lawbreakers are prosecuted to the fullest extent of the law. we must sendp a clear mescross chunk that said, i am directing the department of justice to enjoy all lawbreakers are prosecuted to the fullest extent of the law. we must send a clear message, not with mercy, with justice. legal consequences must be swift and firm. the he removed several lines that said, i want to be very clear, you do not represent me. you do not represent the movement. he changes sentence, you belong in jail to you will pay. the committee also released more testimony from his closest white house adviser and staffers and that includes the former white house counsel pat cipollone. he told the committee he wanted mr. trump to be more forceful in condemning the rioters. >> in my view, he needed to express, very clearly, that the people who made violent acts and went into the capital, did what they did, should be prosecuted. and should be arrested. >> today, president biden blasted the former president for failing to act and stop the deadly ryan. he met for three hours, the defeated former president of the united states watched it all happen as he sat in the comfort of the private dining room next to the oval office. while he was doing that, brave law enforcement offices were subjected to hell for three hours. dripping in blood and surrounded by carnage. face-to-face with crazed mob that believe the lies of the future present -- donald trump lack the courage to act. >> the january 6th committee says it will conside house offi clarenceissuing a omas, subpoena to the wife of clarence thomas, if she is not willing to testify voluntarily. ginni thomas has come under scrutiny for text messages she sent to president trump's chief of staff mark meadows. in them, she questions the results of the 2020 election. the washington post reports she sent emails to state lawmakers in arizona, urging them to overturn mr. trump's election loss there. let's bring in daniel perry, the former deputy attorney general for new york, and, mark short going before the federal grand jury. what does that signal to you? >> i don't know if i would go so far as to call it a watershed moment but is a turning point. as you pointed out, he is the first insider that we are aware of that has testified before this grand jury. we have heard news reports and we can see an almost real time that some of the hearing testimonof cassidy hutchinsony, particularo cassidy hutchinson and others, has jolted the justice department into action and we have recently seen a flurry of activity, including the seizure of cell phones of some of the president's advisers, and some folks relating to the, quote, unquote, the fake electors who have been issued subpoenas. this is the highest white house official who we are aware of that has testified before the grand jury and we are aware that he's got some devastating information that could be relevant to this criminal probe. >> jenny thomas. they are considering a subpoena. then there is the what f januaryre in 6th committee who has been treading carefully with ginni thomas, but now they are considering a subpoena. what factors into their decision-making? >> i think it is a sliding scale. how informative her testimony will be up against kind of the optical issues, the pr issues, the fight that they know she will put on and the destruction it will cause. so, they have a better sense than we do useful testimoni, . even after eight of these hearings, how useful her testimony is. no doubt they are weighing the benefits against the disadvantages and will decide whether or not to seek her testimony against what her lawyers have promised will be a fight.e district attorney's off has its ow >> then there is the criminal case in georgia. the fulton county district attorney's office has its own spiraling investigation. governor brian kemp is expected to testify today and some experts say the day could be holding towards racketeering charges. do you agree? >> i think from the evidence that we have seen, she is building a fairly broad case, not a narrow case of election interference. it is given a blizzard of target letters and subpoenas that that grand jury has been issuing and given that racketeering charges are his signature, i think she -- this is not just bravado. she is trying to build a broad enterprise, ricoh style, case. again, we don't know exactly who , but again, given the sheer breadth of these letters and subpoenas, things like -- it seems like she is looking to make a robust and far-reaching case. >> would you expect the criminal case to move along faster than the federal one? >> it is really hard to say. i think that the attorney general has some serious -- i hate this apolitical consideration because the department of justice is not supposed to concern itself with political consideration, but, he may very well be from i would say the slow walk that we have seen here. she, on the other hand, does not have some of those same kinds of concerna fight. it could be sometime before they are going this way to the court. we have investigations as a they but trying we already know a lot of the recipients of these subpoenas will be putting up a fight. it could be some time before it winds its way to the courts. in a rico investigation is a serious one and take some time to build from the ground up. it could be a matter of months, it could be longer but it's hard to say. she doesn't have the same kind of political time line consideration around the election that the department of justice is likely to be considering. >> all very interesting. danya perry, thank you for your time. president biden says he is feeling better every day as he recovers from covid.this aftern they are trying to be the white house doctor reports the symptoms are almost resolved and during the virtual hearing this afternoon, the president told reporters he hopes to be back to work in person by the end of the week. tomorrow will be his fifth day since the initial positive test. the covid response coordinator says he expects the president to return to a full schedule once he completes his covid protocols. >> you saw while he was infected and potentially contagious, he continued working. and i expect him to have a schedule that he goes back to a cadence where he is interacting with people. >> today, the president says he is still congested and the raspy voice you heard. he completed his fourth treatment a plaxo bid last night. the doctor says mr. biden will likely -- was likely affected by the omicron subvariant not as ba.5. cdc data shows it is the dominant covid strain in america. three chicago police officers that in three weeks and all of them by suicide. next, the changes being proposed to keep officers say. a mystery at a state park in iowa. the family members dead. one suspect with no apparent connection to any of them. the suspec trading, at's parents offer up another explanation. charged with insider trading. a former congressman accused of boosting his bottom line involving everyone from his wife and son to his former mistress mistplanned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel. or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. another violent weekend in chicago. five people dead and six east hurt and dozens of students across the city. one of those shootings outside the church after a funeral. it was a service for a well known gang interventionists.to hospitals. the police chief said that shootings are actually cop say a gunman drove by and shot three people. they say ambulances took all of them to the hospital. the police chief said shootings are actually down 19% from this time last year but said he knows there are still work to be done and praised officers but putting their lives on the line every day. >> this year alone, 36 officers have been shot at or shot. officers served every day in spite of the risk for themselves and the sacrifices of their family. this sacrifice is one that cannot be measured. >> some officers say they are sacrificing their days off in their mental health. fam >> if i could have when they back with my sister i would trade it for anything. >> reporter: the police officer was 29 years old when she died by suicide. she was a mother and six year veteran of the police force. >> i wish you would have spoken up. that's just kind of the person she was. >> reporter: she is one of three police officers to die by suicide in three weeks. >> we are taking away their time to process. >> reporter: they joined city leaders to any previously let officers say no to any previously unscheduled hours. >> i've got police officers, they work 23 days in a row need 27 days in a row. >> reporter: and alderman says officers are overworked and need time off to comprehend what they see on the job. >> canceled days off and 12 hour shifts were once reserved for public emergencies, but are now the norm. >> reporter: david brown, the superintendent of police. >> we are dedicated to officer wellness and well-being. >> reporter: he says officers need to be safe on the street. >> would you rather have fewer cops on the street or more cops on the street? when the cop in that dark alley is calling for help now. >> incredible stress and trauma every single day. >> reporter: an additional $20 million is added to the c? y's budget >> lori lightfoot is the chicago mayor. >> our police officers and door incredible stress and trauma every single day. raptors she says an additional $20 million has been added to the budget to help police officers and their families. do you think enough is being done? >> not yet. >> reporter: he is with the american association -- yet the. >> clearly, it is not yet there. >> were not denying that there are resources, but they are supposed to be able to use the . how can you use them when you are working 12 hour days? >> reporter: the mayor says the city is working on making something -- mental health something they are comfortable to talk about and get help if they need it. the hope is everyone can call for help if they needed. >>a gunman in iowa, shot> aa g killed a mother, father, and their 6-year-old daughter inside their tent. the family is from cedar falls, iowa, and the mayor says the 9 year-old son survived the attack and is safe. it all happened on friday at maquoketa caves state park . about three hours east of des moines. public safety officials sasmithd their y daughter, or campi tyler and sarah schmidt and their two kids were camping in the park. the suspect, this man, 23-year old anthony sherwin them like he killed himself. the suspects family says talso camping there with his family. cop say they found him dead in the woods nearby and say it looks to them like he killed himself. the family of the suspects as they refuse to believe he is the killer. his mother told the omaha world -- she heard yelling and gunshots and said she thinks her son sensed something was wrong and grabbed their gun for safety. cop say they don't know the motive for the killings. allegations of abuse in a .g widespread abuse by the catholic church against thousands of indigenous children in canada. today, the pope, and a long- awaited move, issued an apology and he is not stopping there. a boat carrying migrants overturns. at least 17 dead. the thousands of dollars each reportedly paid to board the boat as police investigate a possible human smuggling operation. why do nearly one million businesses choose stamps.com to mail and ship? no more trips to the post office no more paying full price for postage and great rates from usps and ups mail letters ship packages anytime anywhere for less a lot less get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again pope francis begging indigenous canadians a for forgiveness today. he traveled to edmonton, alberta, to apologize for the abuse they faced at the hands of the roman catholic church. for more than 100 years, the government of canada forced hundreds of thousands of indigenous children to leave their home and attend residential schools. the catholic church ran a majority of those schools. the goal, assimilate the kids but often by force. the church accused of sexually and physically abusing thousands of kids. since last may, canadian authoritiethe grounds ofs threeof indigenous groups say they found more than 1000 unmarked graves on the grounds of three former schools. most of those graves had children. now, the pope is stepping into take responsibility. here is mbc's anne thompson. >> reporter: powerful words from pope francis. i am sorry. i asked forgiveness. he is applauded as he spoknot et deserv the residential school where indigenous children were abused by catholic priests. force by the government to attend, the children stripped of their cultural and identity. policies the pope called catastrophic. what's it like to be here? the memories? >> there are a lot of little spirits. >> reporter: she went to the school that the pope visited. the gymnasium is all that remains. >> there was a lot of abuse. >> reporter: she was physically and sexually abused at the school. the pope prayed today at the graves of some 6000 children who died. >> our people have called for the releasing of the records, and also repatriation of those babies and bringing them home. >> reporter: and to be remembered even in the interview. >> i am here for the ones that cannot be here. the one who suffered the most in cannot talk about it. >> reporter: france's initially apologized at the vatican. what difference does it make that it happens in canada? >> people should be opening their heart because they are speaking. >> reporter: he is welcomed with the headrest today but not everyone is ready to forgive. >> say i'm sorry, but show that you're sorry. should supreme court justices be term limited? instead of lifetime appointees or appointments? the new polymer people stand as the latest controversial decisions. one ourse,of over them overturning roe v wade. now the abortion battle is making its way to indiana state capital. the band being debated in the exceptions being considered as we approach the bottom of the hour and the top of the news on cnbc. a former congressman among several people, hit with insider trading charges today. prosecutors say federal crimes a former congressman among several people hit with insider trading charges today. prosecutors and other federal officials unveiled the indictments in new york and accused the defendant of making millions of dollars off the transactions. while the specifics of the individual cases may vary, they all have one thing in common. they all involve people whose greed led them to make -- based on material congress seven yea. steve byers, later became a consultant. 2018 and 2019, he used insider maformation from the job nonpubc information. the republican representative steve buyer left congress 11 years ago. he later became a consultant and prosecutors alleged in 2018 and '19, he used insider information from that job to make trades. they say he bought sprint stock a day after he learned from a t- mobile executive about that company's plan to buy sprint. prosecutors accused the congressman of using accounts owned or once co-owned by his wife, his son, his cousin, and even his former mistress. his lawyer reese lisa statement saying the congressman is innocent and his stock trades were lawful. he looks forward to being quickly vindicated. the president pushing computer chips and that is what is topping the nbc on the money. president biden held a virtual meeting today with $52 billion into the lagging u.s. semiconductor industry. that money geared toward boosting chip production here in the u.sto 12%. this is over the past 30 years. the senate could. ote on final the senate could vote on final passage this week. fo launching its own streaming service today. nfl plus will cost about $5.00 a month or $40 a year. they can watch live, local, and prime-time games. one catch, for now you can watch nfl plus using only a tablet or phone. a rare 1952 mickey mantle rookie baseball card up for auction today. the current owner bought it for 50 grand 30 years ago. now, it is expected to smash recordaugust. the interest is s. the final stl estimated to bring in nearly $10 million. the auction last through august but the interest is already high. the highest bid right now is nearly 5 million bucks. today at the pump, a gallon of gas cost $4.35 on average. the price has gone down every single day since it hit a record high in mid-june. still, it is above 20 year-over- year. on wall street, the s&p is up five and the nasdaq is down 51. i'm shepard smith on cnbc.te for the top of the news. a massive fire that doubled in size over the weekend near yosemite. the behavior of the fire, caused unpre it is the bottom of the hour and time for the top of the news. a massive fire that has doubled in size over the weekend or yosemite. the behavior of the fire called unprecedented. now the battle to knock it down. a small installation our company named metasues the meta., but first, the fight over abortion rights take center stage at the indiana state capital.10 year-o did becomes on the same day that a man pleaded not guilty to raping a 10-year-old girl who traveled there to get an abortion. the suspect appeared in court today and the girls doctor says the 10-year-old traveled from ohio, where she could not get the procedure. ohio has a fetal heartbeat law and it bans abortions after about six weeks. that is before many women know they are pregnant. the bill, one of many that went into effect after the supreme court overturned roe v. wade last month. vice president harris slammed the state and others with similar bands today. >> in particular, on this case of abortion, a woman or a child would have endured such an act of violence and then to suggest that she would not have the autonomy and authority to make >> tageohappens ut what to her body. that is outrageous. >> the vice president was speaking in ink indiana and protesters on both sides gathered as lawmakers held a special session to consider the abortion ban. it would make nearly all abortions illegal in indiana except in cases of rape, incest, and when the mother's life is in jeopardy. there is also a companion bill that would fund support for pregnant women and provide other economic relief. we have reaction on the proposed ban. >> reporter: protesters filled the grounds outside the indiana state capital and inside the rotunda monday. republican senator susan glick, who is sponsoring the bill, was forced to speak over the chat. t has to be made. >> reporter: they listened lawmakers listen to hours of public testimony from those against abortion rights. >> we have babies that are being slaughtered in the name of choice and convenience. >> reporter: and those in support. >> these are deeply private, personal and unique decisions that should be made by women in consultation with their doctors. >> reporter: at right now, abortions are allowed up to 20 weeks but the bill would have -- but that doesn't sit well with those who want an outright ban. >> i don't believe children should be murdered based on their circumstance of conception. >> abortion is not a treatment for rape. not go >> reporter: if passed, it would not limit access to emergency contraceptives like the morning after pill but many fear it is one step closer to a statewide ban. >> never did i believe i would have to plead my case to my state officials that i should have the right to be the sole determinant of what happened to my body. >> and abortion ban would harm all of us and i encourage members of this committee to vote no. no one should be forced to carry a pregnancy against their will,. period. at least 17 migrants are dead aftery yesterday morning. a man, 15 women, and boat athe onit happened capsize early yesterday morning. a man, 15 women, and the child. it happened off the coast of the bahamas. the prime minister called it a suspected human smuggling operation. he said the boat carried authorities say that they take haitian migrants are most likely headed to miami. you can see it here floating upside down. authorities say alto they think as many as 45 to 60 migrants were on board this 30 foot boat. these are some of the 25 known to have survived. rescuers took three of them to the hospital. immigration officials and took them all into custody. officials say some of the migrants nearly drowned and they were rescued just in time. the bahamian prime minister confirmed search and rescue teams are still actively looking to recover victims. >>the incident. survivors said they paid $3000 $8000 each, just to get on> the boat. money that is hard to come by in haiti. the government has firefighters inand gangs california easingl are battling oak fire. it already supports nearly the t wildfire of the year. they call it the oak fire and it has scorched nearly 17,000 acres according to cal fire. it ran wild over the weekend and right now, it is 10% contained. the fire broke out on friday in an hour southwest of yosemite. that is where the washburn fire threatened hundreds of sequoia trees just a few weeks ago. the fire is now almost entirely contained. california governor gavin newsom declared a state of emergency in mariposa county and said the oak fire has destroyed homes, infrastructure, and forced more than 3000 people to evacuate. nasa releases image showing the fire from space. you can see the plumes of smoke rising into the atmosphere. one couple said they saw footage of their own home going up in flames before they could do anything. >> about five seconds in, i see a home. and it is an inferno. and then an explosion goes off. and then she is looking over my shoulder and, you know, this home we just got married at two weeks ago explodesit explodes. . >> officials say there are roughly 2000 firefighters on scene. the mariposa county sheriff's office is still investigating the cause. as first responders battle the flames there in california, they will likely rely on fossil to food keep going. the sole is essential for powering mobile emergency clinics and ensuring first responders have access to food and water. but all that energy is doing even more harm to the planet. as part of a series clean start, our senior climate correspondent focuses on one startup hoping to help make a disaster relief go green. >> reporter: think about how much goes into disaster relief. were this is all powered by diesel fuel. that kitchens ty eneand ishousio they are usually powered by diesel fuel. all that dirty energy adding to the cause of these disasters in the first place. but a startup called sesame solar is making clean energy possible energy autonomy. after an e. reme weather >> to have days and weeks after a weather disaster, like a hurricane or tornado, or wildfire, or the event of great outage, or a cyberattack or anytime the greatest down. >> reporter: it is clean energy in a system that has been preloaded and ready for use within 15 minutes of arrival. water, power, and communications that can deployed almost anywhere. >> we combine solar and battery storage and have other sources of renewable power. we use hydrogen as backup power. we can do a small wind turbine if conditions are right. >> reporter: they sell the systems from anywhere from 100,000 to $300,000. it is -- the parents of these companies 's first invesy they see huge potential. >> there has been a team climate disasters in the u.s. and last 18 months. it is rare you will find a company that already has a revenue and customers and impact on the world and has done it. >> reporter: the total funding so far is $2 million. that $2 million may not sound like a lot but it is expected to grow quickly an growth already. the dream says they will get fema on board d withshe that.ss she is not concerned because of the strong revenue growth already. she is also looking at a new model where rather than selling the units, she can read them. her dream is to get fema on board with that which would be a game changer for the small startup. in the wake of the supreme court ruling that overturned roe v. wade, two thirds of americans said they support term limits or mandatory retirement age for supreme court justices. that is according to a new poll from the associated press. 43% of americans say they have hardly any confidence in the court. that is up from 27% three months ago. the constitution gives justices lifetime appointments but some critics are pushing back. president biden last year had it the commission examine which changes the court needs but it measures were spli monkeypox is a world health emergency. it the proclamation declare thatt ver on what to do about term limits. monkeypox is now a global health emergency. the world health organization officially declared that over the weekend. right now, only two other diseases have the designation, covid-and polio. the rare move means the agency believes the monkeypox outbreak requires a coordinated international response. here in the u.s., the cdc director recently said we don't have enough vaccine to keep up with demand, but today the hhs secretary told msnbc the white house is working to get more doses shipped quickly across the country. >> we have now acquire than 300. we are continuing to ramp up in a number of vaccines. we know that it d and begun to allocate almost completely more than 300,000 and will continue to ramp up the number of vaccines because we know it is spreading. we will do everything we can working with our state and local health partners on the communities most at risk to make sure we prevent it and treat it if someone get's it. >> reporter: -- >> health officials have confirmed 16,000 cases across more than 70 countries. the u.s. alone has reported nearly 3000. now including two children. so far, w.h.o. officials say most cases have been detected among gay and bisexual men but worn monkeypox could start spreading outside the specific communities. a little company with a big problem. the company is called metaand has been around for more than a decade. then this year, facebook changes name to meta. to the lawyers an. update adopted on the man who attacked the republican candidate for governor. his explanation for why he ended up on stage and the federal charges he faces. but first, actor paul servi no has died. in a statement law , heand died orthis morning of natural causes. he had roles in goodfellas and law and order and often said he was best known for playing a gangster, but his true passions were poetry, painting, and opera. he is survived by his wife and three children including the academy award-winning actor mira sorvino. mira sorvino. he was 83. and i wanted them to ship out fast that's why i chose shipstation ship manage orders reduce shipping costs and print out shipping labels it's my secret ingredient shipstation the number 1 choice of online sellers and wolfgang puck go to shipstation.com/tv and get 2 months free do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. with xfinity internet, you get advanced security that helps protect you at home and on the go. you feel so safe, it's as if... i don't know... evander holyfield has your back. i wouldn't click on that. hey, thanks! we got a muffin for ed! all right! you don't need those calories. can we at least split it? nope. advanced security that helps protect your devices in and out of the home. i mean, can i have a bite? only from xfinity. nah. unbeatable internet. made to do anything so you can do anything. >> picture this. you spend more than a decade building up a business. then you wake up one morning and find out one of the most powerful companies in all the world just hijacked the name of your startup. a ceo in new york says that is his reality. when facebook rebranded itself as a metalast year, he says the company still his name. and ruined his business. now the two companies are locked in a legal battle. >> it was surreal. it was like watching a movie. >> reporter: he still can't believe he is suing the giant company behind facebook and instagram. and assuming this giant company. >> this is not something i would wish on my worst enemy. facebook stole the meta brand from us, it just completely decimated our busi >> this is not a scenario i would wish on my worst enemy. when facebook stole the metabrand from us, it completely decimated our business. broca he says he smart started his business 12 years ago creating sensory live experiences using virtual and augmented reality for events like coachella. it is called meta. the name registered as a federal trademark. he invited us to his office in upstate new york. buddy says everything came to a screeching halt when he woke up to this breaking news in october. >> mark zuckerberg just announced they are calling the new company, rebranding facebook as meta. >> it was like watching myself in a movie watching myself see mark zuckerberg's face. we have the same goal. social immersion in virtual spaces. >> reporter: his attorney says she immediately reached out to the company saying it's infringing on her clients intellectual property rights. >> this issue called reverse confusion. when you have a small player doing their business for a. of time and you get a giant corporate behemoth that with sheer arrogance is i'm going to on this markdown and i will do business with this mark regardless that you were here before me. >> reporter: she says that eu country needs -- the two countries -- >> my client tries to go and market when my client tries to market and promote his services, consumers falsely mistakenly believe thamistakenl services arethey comin are coming from facebook. broca in the end, she says they had no other option but to sue. according to the complaint, his business was harmed. we reached out to facebook's parent company for, and we have not heard back but jb says he will keep writing no matter how long it takes. >> we would like to be compensated for our 12 years worth of building a brand so cool and so valuable that one of the biggest companies on earth wanted to steal it from us. >> reporter: will money fix the issue? he says the goal is to have facebook stop using the metaname. an attorney says, there is a chance that could happen if they win this case. alex jones claimed the sandy hook elementary shooting was manufactured in the children were actors. today, jurors were chosen for a panel that will decide how much he will pay for that. many jurors were ruled out of the trial and said they believed in free speech to much and thought the court awarded too much. the trial filed by the families of the sandy hook victims and the gunman killed 20 first graders and six coworkers 10 years ago. it remains the deadliest shooting in history. afterwards, alex jones used his radio show to spread conspiracy theories and has walked back those claims but admitted in 2020 that the shooting did take place. this is the first of a number of lawsuits that were filed against alex jones. the man accused of attacking lee zeldin said he was drinking whiskey and did not know who the lawmaker was when he confronted him on stage. that is what the suspect told investigators. was speaking when this happened in rochester o he was speaking to veterans of foreign wars when this happened on thursday. the attacker approached him while he was gripping a key chain. the suspect told investigators he must've checked out after drinking booze and then climbed onto the stage to ask zeldin if he was disrespecting veterans. he faces state charges in a federal assault charge. do you ever get the feeling on vacation panies force worker unplug. the harbormaster with a warning for voters off the coast of massachusetts, keep a weathered eye on the horizon. the impact from below, it has damaged a dado you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. in order for small businesses to thrive, they need to be smart. efficient. agile. and that's never been more important than it is right now. so for a limited time, comcast business is introducing small business savings. call now to get powerful internet for just 39 dollars a month. with no contract. and a money back guarantee. all on the largest, fastest reliable network. from the company that powers more businesses than anyone else. call and start saving today. comcast business. powering possibilities. work burnout is real. they are taking weeks of vacation that they earned. that could be helping to alleviate some of the job stress. only one third of americans plan to use all of their vacation this year. some companies are offering a solution to get employees to use their time off. mandatory vacations for everybody at the same time. cnbc, aron anderson. >> reporter: they are back from a companywide weeklong holiday from bumble. like many professionals, she didn't completely disconnect. >> i very tactically think about doing a few things when i'm on vacation to help me unplug, and also kind of stay plugged in at the same time. >> reporter: vice president for the dating platform said she spent the time off with her husband and new baby. >> when i'm away, not only am i refilling my proverbial glass, i'm able to get re-energized. i'm able to feel ready to tackle whatever problem, question, challenge we may be facing that week. >> reporter: the idea of a companywide vacation is slowly starting to catch on. tim ryan, leads 60,000 u.s. employees. the firm has two companywide weeklong brakes each year. >> as a leader, do you see that productivity of the staff when they come back? >> it's hard to measure who has productivity since we came back. qualitatively, the energy in the place is just incredible. the enthusiasm is amazing. it translates to the productivity, and we have happier clients. >> reporter: companies are trying new strategies, because their employees are stressed out and burned out. they are taking less time off. the survey found that 63% of professionals say they will be taking a shorter vacation this year. 58% say being away from the office stresses them out more than in the past. disabling notifications and checking in while she is off, helps josie manage her stress. >> five or 10 minutes in the morning every day when my daughter is napping, i will do a quick scan of my email. i think it's important for me, from me recharge and restorative standpoint, to just know what's going on in the background. >> reporter: of many companies understand the importance of time away. not everybody gets a break. according to the center of economic research, workers in the european union are guaranteed at least 20 paid vacation days a year. nearly a quarter of american workers don't get any paid vacation time at all. >> haron, thanks. for millennials, there's no place like home. harvard university, out with a new study. young adults today aren't moving very far away from where they grew up. acrding to this study, by 26 years old, more than two thirds of americans live where they grew up. 80% live with 100 miles. young, black, and hispanic adults, even white adults, they moved 60 miles fewer than white adults. the top three destination cities, atlanta, houston, and washington, d.c. white adults, new york, los angeles, chicago. we reported on the recent shark attacks and beaches of new york, and they are warning of something even bigger in the waters of massachusetts. enough to damage a boat. that happened, and it wasn't the first encounter. last week, something was lurking below, and shook up another boat in the same area. local reporting from nbc boston, eli rosenberg. >> reporter: it came out of nowhere. a well, breaching near plymouth. >> all of a sudden, it slams on top of this guy's boat. >> reporter: this picture, showing the incredible moment before impact. this one, showing what happened right after. >> i saw the boat go flying. it was crazy. >> i couldn't believe that. >> repter: late last week, they had an encounter in the same place. they were shot by a paddleboarder. >> completely dangerous. i'm a little bit shocked that it happened. the boat did not capsize or sink. that was truly amazing. >> reporter: the harbormaster said they had some damage, and they were getting back to land. the crowds were gathering at the point of tryg to catch a glimpse. >> i love wales. the three things i love is music, video games, and whales. >> reporter: after this close encounter, a full display of the power in the water below. pretty amazing when you see the video. nobody on thboat was injured. the well is okay. the harbormaster out here, using all of this as a reminder to boaters that they need to stay as far away from wells as possible. massachusetts environmental police, continue to investigate. for the news, i'm eli rosenberg. 55 seconds left on a race to the finish, and president joe biden, bashing a high ranking donald trump official. firefighrs in california, scrambling to knock down the largest wildfire of the year. burning just south of yosemite national park. they say they are making good headway overnight. it pope francis, formally apologizing to canada's indigenous people. he is sorry for the catholic church's role, where at the school, many indigenous children died and were abused for more than a century. you know the news ofhi flowers are fighters. that's why the alzheimer's association walk to end alzheimer's is full of them. because flowers find a way to break through. just like we will. join the fight at alz.org/walk shipstation ves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free

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