made from there. but the idea that it can be taken by force, just taken by force, is just not appropriate. it will dislocate the entire region. now, those comments were a deviation from the standard strat stra strategic from the administration and it caught them off guard. they said the stance on china and taiwan has not changed but some of the president s own aides tell cnn they did not expect him to be so kquiv cool n the topic. china did not like these comments. what was their response? reporter: alison, there s no question that beijing has been watching president biden s trip here to asia very carefully, really listening to every word coming out of his mouth to see what kind of posturing they are seeing from the president on issues related to asia, and particularly, of course, china. and so yesterday when the president was so unquiv cool when he was by a reporter would the u.s. get militarily to defend taiwan and he answered there yes, that certainly made some big wav
militarily to defend taiwan if it comes to that? yes. you are? that s the commitment we made. now, a white house official be the pentagon tried to walk back the president s comments, insisting the decades old policy of strategic ambiguity has not changed. but the defense secretary had a different explanation than the president when asked if biden s comments could mean putting troops on the ground. putting troops on the ground defend taiwan? our one china policy has not changed. we reiterated that policy in our commitment to peace and stability across the taiwan strait. cnn s jeremy diamond is in tokyo. this is not the first time that president biden said something like this about taiwan. reporter: that s right, alison. it s certainly not, and that is what is is critical to understanding biden s words here. back in august, president biden said we would respond if there s an attack on taiwan. two months after that, he said the u.s. had a commitment to if it were
whether he gets removed before his term of office ends or not, he is leaving in disgrace. yesterday he tweeted you are nuts to the president, what does your husband say. you can ask george that. i don t know him, high is a whack job. he doing a tremendous disservice to a wonderful wife. kellyanne conway announcing she will be stepping down at the end of the month to focus on her family. after her 15-year-old daughter took to social media to say she wants to emancipate%. kellyanne conway. kellyanne conway. kellyanne conway. you didn t think i would sit quietly forever, you are ready, here s the deal. come here, kellyanne, she has been so great, wow. so. there is no den she will not go into. when my men are petrified to go in a certain network, i say, kellyanne, would you do it, absolutely, no problem, she gets on and destroys them, thank you, baby, thank you. and we developed, i would say a relationship that was 5 times a year talking about politics
top of a brand new hour on cnn newsroom. goold good to have you with me. i m victor blackwell. plunging stocks, rising prices, recession fears. the s&p 500 entered bear market territory, dropping 20% from recent peaks. one bear market in the last 50 years was not accompanied by a recession. cost of living keeps rising, home prices are driving rents to a high. 17% from last year. gas prices are soaring. the national average, 4.59 per gallon, $0.30 more to fill up the tank than the day before russia invaded ukraine. let s start with the s&p 500 now into bear market territory today. what could that mean for the economy at large? well, victor, this is a flashing red light about the u.s. economy. if the s&p 500 closes below 38 s 38.37, and you can see it s trading just above there, if it closes below, it s officially a bear market, a 20% decline from previous highs. this would mean that the bull run that began in late march 2020, would be over. this is a big deal because bear ma
Tone from president and house speaker kevin mccarthy earlier this weekend. president biden we saw in japan after being optimistic for a couple days while in japan on sunday, we saw him issuing really a stark and grave warning saying it s really possible that republicans could use default against him politically. take a listen. i can t guarantee that they wouldn t force a default, by doing something outrageous. i think there are some maga republicans in the house who know the damage that it would do to the economy. and because i am president, and president is responsible for everything, biden would take the blame. and that s the one way to make sure biden s not re-elected. reporter: so president biden in japan yesterday, he issued that stark warning. he basically said that the republicans positions were extreme. saying that they have