Dow dives 800 points on warning of looming recession; Sources: Talks ongoing between WH & key Senate aides on guns; WaPo: Russian company invests in Kentucky weeks after McConnell killed sanctions on Russia

The Lead with Jake Tapper

CNN

News

3.5 • 1.7K Ratings

🗓️ 14 August 2019

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dow tumbles as recession indicator flashes first warning in a decade; Officials: Trump watching markets, frustrated at trade team and fed; Trump blames fed, not trade war, after recession warning; Sources: Dem aides skeptical White House, Congress will take action on expanding background checks; Sources: Trump telling aides he thinks he needs to take concrete step on gun reform; Harris unveils new plan to keep guns from domestic terrorists; Warren campaigns in New Hampshire one day ahead of Trump; Warren suggests she would repeal '94 crime bill; 2020 candidates push aggressive gun reform plans; Julian Castro buys anti-Trump ad on Fox News, blames Trump's rhetoric for El Paso shooting; Should some Dem presidential candidates drop out and run for Senate instead?; Houston Chronicle: "Beto come home... Texas needs you"; Rep. King: Might not be humans left if not for incest & rape; WaPo: McConnell campaign says he "was not aware of any potential Russian investor" in KY deal; Chinese military units sit near Hong Kong border after unrest; Hong Kong police fire tear gas at protestors; Former top general on Trump's handling of global issues; Pentagon report says ISIS is "re-surging in Syria"; Navy seals under review after series of alcohol, drug scandals; New lawsuit targets Epstein, alleged madam, 3 associates; NYT: Guards hadn't checked on Epstein for 3 hours before he diedTo learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Is President Trump's best re-election argument slipping away today?
0:06.2	The lead starts right now.
0:08.0	The Dow dives, hundreds of points in the fallout of President Trump's trade war with China and a new warning
0:14.0	that we may be heading for a recession what the red arrows could mean for your
0:19.3	household and the next election. Leaving the race to win a marathon.
0:24.6	The new buzz that some presidential candidates could do the Democratic Party better
0:29.2	by dropping out and running for Senate instead.
0:31.6	Plus, the House Speaker Nancy Pelosi tearing into the
0:35.5	Senate majority leader using a nickname she must know he hates Moscow Mitch.
0:39.5	After a new report claims McConnell let one Russian oligarch slide on sanctions to benefit business in his state.
0:47.0	This is CNN Breaking News.
0:51.0	Welcome to the lead, I'm Jake Tapper, and we start with Breaking News and the news. Welcome to the lead, I'm Jake Tapper,
0:53.3	and we start with breaking news and the money lead.
0:55.3	Fears of another recession causing panic on Wall Street today,
0:59.4	the Dowth taking a dramatic tumble ending the day down more than 700 points at the closing bell 800 there on the chart right there the huge slide was set off by one single warning, experts say, a specific economic indicator that is historically
1:16.2	predicted oncoming recessions, a measure that flashed a red warning light for the first time
1:21.2	since 2005.
1:23.2	I want to go right to CNN's Christina Leshi at the New York Stock Exchange and
1:26.4	Christina how bad was the damage today?
1:29.2	It was a bloodbath.
1:30.2	We're down 800 points, a pretty dramatic slide. Even in the final minutes of the closing bell, Jay.
1:35.7	This is investors sending a very clear signal to President Trump
	...

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