tv CBS Evening News With Norah O Donnell CBS June 13, 2022 6:30pm-7:01pm PDT
tonight at 6:00. the news continues streaming on "cbs news bay area." you can find it on the kpix 5 news app. >> we'll be ight back h by cbs >> o'donnell: tonight, we begin with the state of the american economy. rising inflation and fears of a recession send stocks plummeting, as gas prices nationwide hit $5 a gallon for the first time ever. ( ringing bell ) the bear market roars on wall street. all three major indexes end the day down triple digits. tonight, what to do with your stocks, and when you should worry about your 401(k). the stunning testimony on capitol hill about an intoxicated rudy giuliani. plus, the former attorney general saying president trump was "detached from reality." tonight, what happened to the $250 million the trump campaign raised to investigate the election? >> the big lie was also a
big rip-off. >> o'donnell: also on capitol hill, the landmark agreement by republicans and democrats on gun legislation. targeting gay pride events. the new video tonight of those 31 men with alleged ties to a white nationalist group, arrested, piled in the back of a u-haul. extreme weather. dangerous flooding shuts down yellowstone, with more than 170 million americans set to face temperatures over 90 degrees. our exclusive interview with the first woman to serve as secretary of the army. do yo still think there's a problem with sexual assault and harassment in the u.s. army? and, jennifer hudson makes history at the 75th annual tony awards. ♪ ♪ ♪ this is the "cbs evening news" with norah o'donnell, reporting from the nation's capital. ♪ ♪ ♪ >> o'donnell: good evening to our viewers in the west and thank you for joining us as we start a new week together. tonight, many americans are
worrying about their retirement funds, as stocks dropped to new lows for the year. investors began the week hitting the sell button thanks to rising inflation and a fragile economy. the the dow was down more than 2% on the day. nasdaq dropped more than 4%, and the s&p sank more than 3%. the s&p finished the day in a bear market. the last time that happened was at the start of the pandemic. and, for those invested in bitcoin and other cryptocurrencies? well, the crypto market crashed today, wiping out billions of dollars. it all comes ahead of a closely-watched federal reserve meeting this week, where thebilo central bank is all but sure to raise interest rates. and it's possible the benchmark rate could be raised even higher than forecasted, going up by 785 basis points. by 75 basis points. that could be the biggest hike in more than two decades. cbs's elaine quijano is on wall street tonight for us. good evening, elaine. >> reporter: good evening to good evening, ela you, norah. the markets nose-dived today from the start of trading, sending investors scrambling. it's a sharp reversal for the
stock market, which had seen record highs during the pandemic and now has some economists fearing a looming recession. ( ringing bell ) the closing bell saved the markets from tumbling further. the s&p 500 led the decline today, falling to its lowest point this year, with investors coming to terms with consumer prices rising at their fastest pace in 40 years. cbs news business analyst jill schlesinger. >> so when the investment community kind of took stock of things over the weekend, i think there was this fear that, in fact, higher prices and rising interest rates are going to keep eating into corporate profits, and the consumers are not going to be able to maintain their current level of spending. >> reporter: the drop is the latest in a string of downturns for the markets. tech companies took the brunt. amazon lost $60 billion in market value, apple more than $85 billion, pulling the nasdaq deeper into bear market territory.
the volatility is a hit to people's 401(k)s, while people's 401-ks, whi inflation is also pummeling consumers. average gas prices are topping $5 a gallon nationwide, according to a.a.a. >> it's outrageous. it usually costs me $30 to fill it up, and now it's at $55. >> reporter: and at the grocery store, food prices are up 10%. adding to the uncertainty is just how aggressive the federal reserve will be in trying to cool the white-hot cost of living. more economists are expecting a bigger move-- three-quarters of a point-- the biggest interest rate hike since 1994. >> the fed, of course, has raised rates, but they've done so in anticipation of the economy heating up, not once the economy has already heated up. and this is a big difference. >> reporter: despite the volatility, financial advisors say reacting to market downturns is not a long-term strategy, s a good time to make sure that your investments
are diverse. and, if you are close to retirement, they say you might consider working a bit longer to build up your savings, like your 401(k). norah. >> o'donnell: elaine quijano, thank you. we turn now to capitol hill and the riveting testimony by former president trump's closest advisors, lawyers and family, who all told him his claims of election fraud were complete nonsense, even nuts. there were also questions raised about the hundreds of millions of dollars team trump solicited online. here's cbs' scott macfarlane. >> reporter: today on capitol hill, it was trump's own aides, in recorded depositions, landing punches for the committee. former attorney general william barr said he warned then-president trump that his claims of fraud in the 2020 election were false. >> all the early claims, that i understood, were-- were completely bogus and silly, and usually based on complete misinformation. >> reporter: barr, who was
silent about his concerns over trump's false fraud allegations in the weeks after the election, described the president's claims as "crazy." >> i thought, boy, if he really believes this stuff, he has, you know, lost contact with-- with-- he's become detached from reality, if he really believes this stuff. >> reporter: the man expected to be the star witness today, former trump campaign manager bill stepien, was a last-minute scratch when his wife went into labor. the committee instead showed recordings of stepien's deposition in which he acknowledged urging then- president trump not to declare victory on election night. >> it was far too early to be making any calls like that. ballots-- ballots were still being counted. >> reporter: the president did anyway. >> frankly, we did win this election. ( cheers and applause ) >> reporter: egged on by an apparently-inebriated rudy giuliani, who told trump the election had been stolen from him. >> was there anyone in that conversation who, in your observation, had had too much
to drink? >> the mayor was definitely intoxicated. >> reporter: jared kushner, the former president's son-in-law, says he warned trump about giuliani's advice. >> and how did he react? >> he said, you know, "i-- i have confidence in rudy." >> reporter: former vice president mike pence, who refused trump's demand that he object to the certifying of the election january 6th, defended his actions today. >> i'll always believe i did my duty that day. >> reporter: the committee also said election lies helped trump raise a quarter of a billion dollars, the donations solicited for a election defense fund the committee says didn't really exist. >> the big lie was also a big rip-off. >> reporter: millions in donations would be funneled, not to a legal defense fund, but to the president's save america pac, which would spend more than $200,000 on trump's hotel properties; $1 million to a foundation led by trump chief of staff mark meadows; ane $5 million to a company thatech helped organization the january 6th white house ellipse rally that preceded the riot. campaign records show just a fraction of the tens of millions
of dollars collected by trump- affiliated organizations after the election was used for recounts and legal challenges. campaign finance experts tell cbs news, even if donors were schemed, it is difficult to prove illegalities. norah. >> o'donnell: they always say follow the money. scott macfarlane, thanks so much. also on capitol hill, a group of bipartisan senators are working out the details of the most sweeping gun control legislation in 30 years. the president praised the deal as a step in the right direction but some critics say it does not go far enough. cbs's nikole killion joins us now from capitol hill. so nikole, what is in this bill? >> reporter: lawmakers say this agreement is a significant first step. the proposed framework would provide financial incentives to states to implement red flag laws. it also includes an enhanced background review for gun buyers under 21, and makes new investments in mental health and school safety. it does not contain some of the reforms pushed by president biden and democrats, like bans on assault weapons orinclud safe high capacity magazines.
at least ten senate republicans signed on, upping the chances for passage-- notably, none are up for reelection this year. the legislation still has to be written, and gun safety advocates hope it doesn't get watered down. the n.r.a. wouldn't comment on the framework, but says it will continue to oppose gun control policies. norah. >> o'donnell: we'll be watching. nikole killion, thank you. tonight, federal authorities are on alert, after police in idaho say they prevented a possible domestic terror attack over the weekend. 31 members of the white supremacist group patriot front were arrested on suspicion of plotting to violently disrupt a local l.g.b.t.q. pride event. cbs' catherine herridge has the new details. >> reporter: this new video shows idaho police swarming the u-haul truck near a weekend pride celebration in the town of coeur d'alene. jammed inside with heavy gear
are alleged members of a white supremacist organization called the patriot front. >> this is a riotous group that had prepared in advance to come downtown and disrupt either the pride event or the prayer-in- the-park event. >> all wearing blue khakis. >> reporter: those arrested, wearing nearly identical clothing, ranged in age from 20 to 40, and were from about a dozen states-- no one was from coeur d'alene. authorities recovered gear including shields, shin guards, and a smoke grenade. a witness tipped off police after watching the group load into the u-haul truck at a hotel, and said they looked like a little army. :d there had been threatening calls against law enforcement ever since. >> offered death threats against myself and other members of the police department, merely for doing our jobs. >> reporter: patriot front is described by groups that monitor extreme ideology as promoting fascism and the creation of a white ethno-state. among the 31 arrested on charges of conspiracy to riot, and
released on bond-- thomas rousseau, the patriot front's alleged leader. the group was founded in 2017, after breaking away from a neo-nazi organization that marched in the charlottesville, virginia "unite the right" rally. a group that tracks hate speech said, this image shows rousseau with a man who waslater convicted on federal hate crime charges for driving his car into a crowd of protesters, killing one of them. >> there are bad actors out there that want to leverage those moments and intimidate. >> reporter: given the weekend's massive arrests, two federal law enforcement officials tell cbs news they are reassessing threats surrounding upcoming events, like in idaho. a lawyer for one of those arrested told us, the defendants never had a chance to exercise their first amendment rights, and the allegations are unproven. norah. >> o'donnell: catherine herridge, thank you. let's turn now to the weather, where wild storms are causing problems across the several parts of the country. look at this-- in montana, heavy rains, flooding, and rock slides have forced the closure of all entrances to yellowstone national park. elsewhere, dangerous heat is
scorching much of the country, from the plains to the southeast. for more, let's bring in meteorologist mike bettes from our partners at the weather channel. good evening, mike. >> reporter: norah, good evenino to you. severe thunderstorms take center-stage this evening and overnight. a place like detroit-- this is our virtual view. it shows you, skies will be very ominous overnight, and in fact, very dangerous. we have a lot of storms across the midwest that could gust over 75 miles per hour. take a look at the high resolution forecast. it shows plenty of storms across michigan and then ohio, spreading into pennsylvania and the virginias overnight andginis overnight and tom tomorrow morning. very dangerous conditions here, with thunderstorms in the forecast that could bring also tornadoes. same place that gets thunderstorms gets hit with a heat wave tomorrow. many places, upper 90s to near 100 degrees, including chicago at 99; in st. louis, we'll do 100 on wednesday. 93 in pittsburgh; 98 in detroit. the heat relents a little bit this weekend, norah, but returns next week. >> o'donnell: thank you, mike. now to our exclusive interview. over the last five years,
we've committed to reporting on sexual assault and harassment within the military, speaking with dozens of survivors and the families of victims. now, real change may be on the way, as the secretary of the army christine wormuth told us. what do you hope your legacy is, as secretary of the army? >> to reduce harmful behaviors. you know, whether it's sexual harassment, sexual assault, suicide. >> reporter: secretary wormuth spent the last year visiting 30 bases, meeting with tens of thousands of soldiers. do you still think there's a problem with sexual assault and harassment in the u.s. army? >> i do. you know, we've got a problem in the country, so i know we have it in the army. every leader at every level is focused on this, cares about it, and takes the problem seriously. >> o'donnell: a new government study found reports of sexual harassment and assault in the army continue to rise. >> a lot of it, i think, is training our soldiers-- many of whom are just 18 or 19 years old-- about what's acceptable and what's not acceptable.
when they come into our army, we need to be very clear about what's okay and what's not okay. >> o'donnell: congress passed significant military justice reform, taking prosecution of assault cases out of the chain of command. that should help with soldiers who told us they fear retaliation. >> it got to the point where, i didn't just wish that i never reported-- i wished that i had never joined. i wished that i was dead. >> o'donnell: the reason that many women, and some men, don't report, is the fear of retaliation. >> that's right. >> o'donnell: from the u.s. army itself. >> i think there has been that fear, and i still hear about that, when i go and visit army posts. we are, i believe, making real strides to show our soldiers that they can trust the chain of command to look out for them. >> o'donnell: in all my reporting on this issue, this is a national security problem. we need more women in the u.s. military. >> i agree that you want to have more women in the army, and that, you know, we will be stronger as an army, with more
female leaders. i have watched our military leaders go in front of congress ten years ago and say "we're going to fix this problem, we're going to fix this problem." so, i know there's a credibility gap there, but we are working on it every single day. >> o'donnell: a separate priority for the secretary is improving the quality of life for the army's 400,000 parents. >> we did just put out a new policy that makes some changes in this area. so, for example, in the very sad case of a lost pregnancy, we now provide leave for both men and women when there's been a miscarriage. we've done simple things, frankly, by just allowing women who've given birth to have up to 12 months before they take their physical fitness test. simple things that make complete sense and are really important, in terms of retaining the great soldiers that we have. >> o'donnell: secretary wormuth's career started at the pentagon as a presidential fellow when she was just 22
years old. today, she's the first woman and mom to hold the role as secretary of the army. >> when i go visit army posts, a lot of young female soldiers come up to me and are excited, and i think it's because they see me and see what they can achieve themselves. >> o'donnell: secretary wormuth told cbs news, she wants to encourage people to come forward with sexual misconduct claims. so-- this is news-- she plans to sign a "safe to report" policy next month which would protect survivors who report assault from getting in trouble if there are other minor disciplinary issues. and still ahead on "cbs evening news," remember this video of the chaotic evacuation of afghanistan? well, tonight, a new report about the crew of that c-17. and, the dramatic rescue-- more than a dozen airlifted from a treacherous canyon. yon. moving his money into his investment account in real time and that's... how you collect coins.
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>> o'donnell: the 75th tony awards celebrated the return to the stage following nearly two years of covid shutdowns. he nn lights onlooks at theight broadway. ♪ this is a round of applause ♪ ♪ a salute to 75 years ♪ ♪ high five! ♪ >> reporter: it was a joyful salute to broadway's comeback. jennifer hudson launched into egot status, winning as a co-producer for "a strange loop," only the second african american woman honored with an emmy, grammy, oscar, and now a tony. whoopi goldberg was the first. ♪ 76 trombones ♪ veteran artists celebrated the night with nostalgia.
>> ♪ oy! ♪ vey! ♪ oy! ♪ vey! >> reporter: billy crystal led the crowd in a yiddish twist on a jazzy scat. ♪ bobby, bobby ♪ patti lupone won her third tony and paid tribute to those who made broadway possible. >> a huge gratitude to all of the understudies across all stages in new york. ♪ smooth criminal ♪ >> reporter: 22-year-old myles frost gave a fresh kick to the hits of michael jackson, mic winning for his role in "m.j.: the musical." ♪ ♪ ♪ this, as works of diversity and inclusion were cheered. the story of a gay black theater artist in "a strange loop" took two tonys, including one for its writer. >> i felt misunderstood, and i just wanted to create a little bit of a life raft for myself as a black gay man. >> reporter: broadway's bright lights reflecting the many faces of the audience. ♪ ♪ ♪ lana zak, cbs news, new york. >> o'donnell: it's good to have broadway back. we'll be right back. ll k.
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with us. i'm norah o'donnell here in the nation's capitol. good night. the high-tech program in the south bay to give thousands of low-level offenders a fresh start. >> this is justice silicon valley style. >> i think that's a good way to put it. >> caught on video, a man dragged after trying to stop a carjacking suspect. the investigation underway in alameda county at this hour. the battle over big car free streets in san francisco is not over. why voters could be asked to weigh in this november. and this bay area community knows all too well about devastating wildfires. so why did voters turn down a funding boost for fire prevention? a live ago the santa clara county. thousands of low level oflders could soon get a second chance
thanks to an effort by the d.a.'s office to clear marijuana convictions. >> the program isn't new, but it's about to get a high-tech makeover. >> kit do has more how this could make a huge difference for some people trying to reclaim their lives. >> like you press a button and look a couple minutes later and they are gone. >> reporter: the d.a. is talking about software code, his i.t. wrote that is set to expunge the criminal records of tens of thousands of people automatically:starting this summer it will go into court records and expunges 300 eligible cases much if all golden state well they ramp it up to 10,000 cases a year. >> these people were entitled under the law to have these convictions expunged, but there were barriers and obstacles to doing that like cost and time. but in this way we do it automatically. >> this is like justice silicon