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tv   CBS Morning News  CBS  May 6, 2022 4:00am-4:30am PDT

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connected tv. i'm matt pieper, cbs news, new york. it's friday, may 6th, 2022. this is the "cbs morning news." [ bell ] wall street woes. just one day after stocks plunged on economic concerns, investors are looking ahead to a key report that could use market jitters. supreme court security. new protection for the nine justices as threats of violence grow following the possible overturning of roe v. wade. covid vaccine safety. why the fda is putting strict limits on the johnson & johnson vaccine. good morning. good to be with you. i'm anne-marie green. we begin on wall street where all eyes are on today's jobs report.
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investors are hoping it will bring some calm after the dow suffered its worst day since 2020, plunging more than 1,000 points yesterday. economists expect to see about 400,000 jobs added last month, and for the unemployment rate to tick down to 3.5%. as bradley blackburn explains, americans are still concerned about their bottom line. >> reporter: inflation, rising interest rates, and fears of a looming recession made the perfect recipe for thursday's market selloff. by the closing bell, the dow jones industrial average plunged more than 1,000 points or over 3%. >> i think it's still a sign that inflation is out of control, and people need handle it. >> reporter: from main street to wall street, investors worry the federal reserve's efforts to tamp down inflation by raising interest rates might slow the economy too much. >> we are uncertain about what inflation's going to do, what the fed is going do and reaction to inflation. >> reporter: every day americans are feeling the pinch of inflation as they shell out more
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for a long list of essential items. since march, 2021, the cost of food, energy, and gas have all seen major increases. >> i have a truck now that has 200 gallons, 250 gallons of fuel. i've put $1,000 into it and didn't fill it up. >> reporter: investor fred claire says he's riding out wall street's daily roller coaster ride but recently seeing more dips than jumps in his 401(k). >> i've lost maybe $30,000 in the market. at this point i might as well just let it sit there. >> reporter: cbs news business analyst jill schlesinger says americans concerned about their nest egg might avoid a short-term approach. >> most of us are saving for long-term goes like retirement or college, likely years or decades in the future. hopefully those who are already retired didn't have as much risk in the stock market. >> reporter: according to schlesinger, if you sell your stocks now you're timing the market and that, she says, rarely works. bradley blackburn, cbs news, new york. days after "politico"
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published a leaked draft majority opinion indicating the supreme court intended to overturn roe v. wade states are looking into the potential impact. the u.s. supreme court -- rather, the u.s. senate is preparing to vote on legislation next week that would codify abortion rights into federal law, but it stands virtually no chance of overcoming a republican filibuster. and the nine supreme court justices are now receiving extra security following an increase in general threats of violence against them including one group who published the apparent addresses of some of the justices. elise preston is in washington with the latest. good morning. >> reporter: good morning, anne-marie. now the extra security also comes as several of the justices are also cutting back on public events. health clinics in states where abortion will remain legal are preparing for a massive influx of out-of-state patients if the supreme court overturns roe v. wade. >> we think that there could be
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at least a 25% surge. >> reporter: minnesota is likely to be surrounded by states restricting services. >> we've been very carefully building our infrastructure here in minnesota so that we can be able to welcome that surge. >> reporter: one loophole for women who can't travel, they can be seen virtually and sent abortion pills. republican lawmakers in at least 17 states have introduced legislation to ban or reduce access. >> patients are feeling very scared -- >> reporter: kristi pitney, ceo of the telehealth practice forward been wifery says women are stockpiling pills. >> people are asked for advanced medications for abortions so they have it on hand for when the decision becomes final and official. >> reporter: with the nearly 50-year-old precedent by roe v. wade in jeopardy some are looking at what else can be changed through the court. texas governor greg abbott told
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a conservative radio program he may challenge a 1982 ruling that requires schools to educate all children, including undocumented immigrants. >> the expenses are extraordinary, and the times are different. >> that's ultra maga. >> reporter: the white house called the idea way out of the mainstream. since 1982, there have been several unsuccessful attempts to challenge that case. abbott says educating undocumented children is becoming unsustainable and unaffordable. anne-marie? >> elise preston in washington. thank you, elise. ahead on "cbs mornings," we'll talk with senator elizabeth warren about efforts to codify roe v. wade and the possible impact on the midterm eletions in november. the fda is placing strict restrictions or limitations on who can receive johnson & johnson's covid vaccine due to the ongoing risk of rare but serious blood clots after receiving the vaccine.
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the fda says that the shot would only be given to adults who cannot receive a different vaccine or specifically ask for the j&j one. the clots occur in the first two weeks after vaccination. the cdc recommends moderna and pfizer shots due to the johnson & ohnson safety issues. now to the war in ukraine where a third rescue operation is reported to be under way to evacuate civilians trapped in the steel plant in the besieged city of mariupol. heavy fighting continued at the plant where hundreds of civilians and some 2,000 ukrainian fighters are holed up. the u.n. says a convoy is expected to arrive in mariupol today to try and get civilians out. more than 400 people have been evacuated from the city and nearby areas this week. >> it's a very difficult and dangerous operation. it's an act of conflict, so the roots might be dangerous, there might be active fighting ongoing in the surrounding areas. >> the steel plant is the last
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pocket of ukrainian resistance in mariupol which has seen relentless russian shelling for weeks. meanwhile, the u.s. says it shared intelligence with ukraine that led to last month's striking of a russian warship. a senior defense official says the u.s. provided the location of the flagship of russia's black sea fleet but did not take part in the decision to strike it. and the man accused of rushing the stage and tackling dave chappelle was charged with several misdemeanor crimes but no felonies. chappelle was wrapping up his act tuesday in los angeles when he was attacked. he was not hurt. police say 23-year-old isiaih lee had a replica handgun with a knife blade when he tackled chappelle. no word on a motive for the attack. and breaking overnight, four astronauts are safely back down to earth after a successful splashdown. a spacex capsule carrying the crew members parachuted down in the gulf of mexico off the coast of florida.
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the capsule commander called it a great ride. the astronauts spent nearly six months on board the international space station, and seven people remain on the orbiting lab. so coming up, there's a new clue about the death of a groundbreaking transplant patients who received a pig heart. what researchers discovered. and later, thrift shop find. how much a texas woman paid for a sculpture at goodwill that turned out to be an ancient artifact. this is the "cbs morning news." artifact. this is the "cbs morning news."
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open. it's a beautiful word. neighborhoods "open". businesses "open". fields "open". who doesn't love "open"? offices. homes. stages. possibilities. your world. open. and you can help keep it that way. ♪♪
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available testing methods. the pope used a wheelchair for the very first time in public, and a former cop finds out his punishment for assault. those are some of the headlines on the "morning newsstand." "the denver post" reports a former loveland, colorado, police officer was sentenced to five years in prison for violently arresting a 73-year-old woman with dementia. >> do you need to be arrested right now? no, no, no. okay. let's stop. come on. come on. >> i'm going home. >> body camera video shows officer austin hopp tackling the woman in 2020 after she left a walmart without paying for about $13 worth of merchandise. he was later seen joking about it. hopp pleaded guilty to second-degree assault. the woman said the officer dislocated her shoulder. her family settled a federal rights lawsuit for -- rather, civil rights lawsuit for $3 million. "reuters" says pope francis used a wheelchair in public for the first time since a flare-up of his knee pain.
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the 85-year-old pontiff was wheeled to his seat on stage yesterday during an audience with a group of nuns at the vatican. the knee pain was limited -- rather, has limited his ability to walk. he's been suffering from strained ligaments in his right knee for several months and also suffers from sciatica. "the new york times" says joe biden is embarking on a trip to eastern europe to visit ukrainian refugees. the first lady departed joint base andrews last night. her first stop is romania where she will meet with u.s. troops. on mother's day, dr. biden is scheduled to be in slovakia near ukraine's western border. she'll meet with refugees there including ukrainian mothers and children displaced by the war. still to come, standing on all four paws. we will show the towering great dane that's been officially named the world's tallest dog.
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♪ what a great way to celebrate a birthday. hanging upside down. fernando, a two-toed sloth, recently turned 6 at the phoenix zoo. to mark the occasion, he was given roses to munch on and a treat made of biscuits, apples, and zucchinis. support is growing for elon musk to take over twitter, and some popular video games are heading to the hall of fame. matt pieper has those stories and more in today's cbs "money watch" report. >> reporter: elon musk gets backers. the tesla ceo who has his eyes on twitter unveils a list of investors with commitments of more than $7 billion in his offer to buy twitter. they include oracle founder larry ellison and the qatar sovereign wealth fund. at least one analyst says it
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gives the deal a 95% chance of closing. the twitter board of directors signed off on the $44 billion deal last week. trying to buy or sell a home? 97% of them here in the u.s. are overvalued. that's according to moody's analytics which also says real estate in some of the most overpriced regions could fall by 10% over the next few years. the most overpriced city in the nation is boise, idaho, which became a magnet for technology workers who wanted to relocate due to the pandemic. moody's says homes there are 73% overvalued, making it the most overpriced city in the nation. ms. pac-man is a hall of fame. she joins "dance, dance revolution," "the legend of zelda," and "civilization" as inductees to the video game hall of fame. they're recognized for popularity and influence. that's your cbs "money watch" report for this friday. i'm matt pieper.
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as college graduations approach, some students may not earn as much as they hoped for. according to a recent study by the consumer website real estate witch, under grads expect to make more than $103,000 in their first job. in reality, the average starting salary is around $55,000. nearly one in three students worry that they will not make enough money to live comfortably after graduation. an ancient roman sculpture that was missing for decades is on display at the san antonio museum of art. an art collector bought the marbled bust in 2018 at a goodwill in texas for $34.99. after some research, she learned that it's from the late first century b.c. to early first century a.d. it was likely stolen by an allied soldier during world war ii. and the museum will return the bust to germany next year. up next, tom brady comes clean. the star quarterback appears to make an admission about the
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here's a look at the forecast in some cities around the country. ♪ president biden announced his pick for the new white house press secretary.
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karine jean-pierre is set to replace jen psaki after she leaves on may 13th. >> so i just want to take the opportunity to celebrate and congratulate my friend, my colleague, my partner in truth, karine jean-pierre, the next white house press secretary. >> jean-pierre is the first black woman and openly lgbtq-plus person to hold the position. she has been serving as the white house's principal deputy press secretary and recently stepped in for psaki after she tested positive for covid. tom brady is getting honest about one of the most controversial plays in his career. the buccaneers quarterback posted his confession on his twitter page yesterday. >> tuck roll game against the raiders -- might have been a fumble. >> brady's referencing a 2002 playoff game against the raiders. late in the game the former patriots quarterback appeared to fumble the ball as he got
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tackled. it was likely the raiders would win the game. officials ruled that it was an incomplete pass. the patriots kept the ball and won in overtime. now brady, who could have been trolling his followers, posted a followup tweet writing, "i said "might." such a tough call. no choice but to respect officials. probably correct decision. " they say everything in texas is bigger including its dogs. zeus is the world's tallest living dog as confirmed by guinness world records this week. the 2-year-old great dane pup -- yeah, pup -- from bedford, texas, stands just over 3 1/2-feet tall on all of course. he's tall enough to drink from the kitchen sink. his owner says his size and calm demeanor make him very popular in the neighborhood. guinness-sized poop, too, just saying. no one likes to bring that up. big dog, big poop. coming up, emmy winning writer, actor, and comedian ben schwarz talks about his recent
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roles including the voice of sonic the hedgehog in the new "sonic" movie. i'm anne-marie green. this is the "cbs morning news." "sonic" movie. i'm anne-marie green. this is the "cbs morning news." i'm still 35. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex. available at your local retailer and club. what makes febreze car vent clips different? febreze has steady release technology. just click, install and boom! febreze uses your fan to circulate freshness that won't overwhelm or fade... for up to 40 days of consistent scent. febreze car. nothing like a weekend in the woods. it's a good choice all around, like screening for colon cancer... when caught in early stages it's more treatable. i'm cologuard. i'm noninvasive... and i detect altered dna in your stool to find 92% of colon cancers... even in early stages. early stages. yep.
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our top stories this morning -- a day after the stock market plunged with the dow losing more than 1,000 points, investors are looking to today's monthly jobs report for some relief. economists expect to see about 400,000 jobs add lnth, and for the unemployment rate to tick down to 3.5%. the nine u.s. supreme court justices are receiving extra security days after "politico" published a leaked draft th court intended to overturn roe v. wade. there's been an increase in general threats of violence including one group that published the apparent home addresses of some of the justices. mother's day is sunday, and
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roughly 84% of adults in the u.s. will celebrate. this year gifts for mom will cost you more. danya bacchus explains. >> reporter: at mulberry row floral boutique in sherman oaks, california, robin snyder is gearing up for the usual mother's day rush. this year there's one major difference -- the cost of flowers. have you seen it go up? >> it's gone up tremendously. tremendously. what used to cost me $20 can sometimes cost me $42 now. >> reporter: she says supply issues are also making items needed to assemble arrangements hard to come by. >> used to be you didn't need to worry about a vase. now i can't get that vase, how do i substitute that. >> reporter: it's safe to say people are going to be paying more especially for flowers this mother's day? >> yeah. >> prices have gone up immensely. >> reporter: professor of supply chain practice at syracuse university says it's not just flowers. buying mom jewelry will cost more, too. >> unfortunately, metal prices have skyrocketed. so you know, if you're looking
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at buying any gold, any silver, you're probably going to pay anywhere from 35% to 40% more than you paid last year. >> reporter: the national retail federation says mother's day spending is expected to total $31.7 billion. that's up $3.6 billion from last year. special outings such as dinner or brunch are also driving this year's spending increases. >> prices are going to be higher, you're probably going to see smaller portions. >> reporter: consumers are expected to spend a record average of $245 on mother's day. it might cost more, but showing appreciation for mom is priceless. danya bacchus, cbs news, los angeles. in addition to flowers, cards, and jewelry, the national retail federation that's there's an uptick in the number of consumers seeking experienced gifts like tickets and concerts fr sporting events. coming up on "cbs mornings," emmy-winning writer, actor, and comedian ben schwartz talks about
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anthony mason about his recent roles including the voice of sonic the hedgehog in the new "sonic" movie. and elizabeth warren tells us about how she want the senate to take action to support abortion rights. in honor of mother's day, we'll look at a growing trend in motherhood -- women becoming single moms by choice. that's the "cbs morning news" for this friday. thanks for watching. i'm anne-marie green. have a great day. ♪
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