DOW drops on fears Delta variant will hurt economic recovery; Infrastructure deal faces make-or-break week on Capitol Hill; 150+ killed, 380+ wounded in weekend shootings across U.S.;

The Lead with Jake Tapper

CNN

News

3.5 • 1.7K Ratings

🗓️ 19 July 2021

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

DOW closes down nearly 725 points as Delta variant drives fears about economic recovery; Hospitalizations & deaths rising, nearly all unvaccinated; American Academy of Pediatrics: everyone should wear mask in schools; CDC: 48.6% of U.S. population is fully vaccinated; Biden backs away from his claim that Facebook is “killing people”; NYC mayor: no plans to reinstitute mask mandate; Growing number of athletes test positive for COVID-19; Number of COVID cases linked to Olympics rises to 61; U.S. gymnast test positive four days before games; Biden rejects his agenda would accelerate inflation; Biden assures Americans that rising prices are “temporary”; U.S. & allies call on Taliban to stop committing violence; Biden plans to relocate some Afghans who worked for the U.S. to an army post in Virginia; U.S. & allies blame China for hacks, opening new front in cyber war; DC mayor: shooters didn’t target fans, game at stadium shooting; Chicago police target gun traffickers after weekend shootings leave 11 dead, 56 wounded; Philadelphia reaches 300 homicides in 2021; Earliest point in decades; Almost 200 dead in Western Europe flooding, hundreds still missing; German official on flooding: “worst natural disaster in a century”; To 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	Instead of a metal count, we're already tracking the COVID count at the Tokyo Olympics.
0:07.5	The lead starts right now.
0:09.7	New concerns for kids still fully exposed and not yet allowed to get vaccinated as back
0:15.1	to school day approaches.
0:16.3	The new guidance parents need to hear as fears about the Delta variant and unvaccination
0:21.5	rates infect Wall Street and the down.
0:25.9	Before the torch is led, a U.S. women's gymnast test positive for COVID with dozens of
0:30.9	cases already linked to the games and athletes from 200 countries still on their way and
0:37.0	another weekend of carnage in the U.S. 400 shootings, eight children wounded in just one
0:42.6	city and a scary scene at a major league ballgame that sent fans diving under their seats.
0:53.7	Welcome to the lead I'm Jake Tapper and we begin today with breaking news that impacts
0:57.4	your money, perhaps your retirement, the Dow dropping today, closing down around 725 points.
1:04.4	It started slipping at the opening bell and never looked back at one point hovering
1:08.3	around 1,000 points in the red.
1:11.2	Today marks the biggest drop so far this year.
1:14.4	The sell-off fueled by growing fear of the COVID-19 Delta variant and the alarming rise
1:19.9	in cases everywhere in the U.S. due to so many millions of Americans not getting vaccinated
1:25.5	and investors are afraid the surge in the virus will hurt the U.S. economic recovery.
1:30.7	Airlines such as United, Delta, and American were hit especially hard today as well as other
1:35.2	companies tied to the economic recovery such as General Motors, Caterpillar, with this brings
1:40.6	us to our health lead and the dire warnings from public health officials, cases, hospitalizations
1:45.7	and deaths all up in the United States, 99.5 percent of the deaths are among people who
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