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CNN 5 Things

Recession fears dampen, ‘Diddy’ trial witnesses, refugee status controversy & more

CNN 5 Things

CNN

News, Daily News

3.71.3K Ratings

🗓️ 12 May 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

A trade breakthrough with China may help the US avoid a self-inflicted recession. We have details on the first two witnesses to testify on the first day of Sean “Diddy” Combs’ criminal trial. A blame game is happening over the failures at Newark airport. Federal officials are warning about a listeria outbreak. Plus, we’ll explain the criticism surrounding a group of new arrivals in the US. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

From CNN, I'm a phoma dk, with the five things you need to know for Monday, May 12th.

0:07.0

The United States' trade breakthrough with China may help the nation avoid a self-inflicted recession.

0:14.0

Starting Wednesday for 90 days, America's tariffs on Chinese goods would be reduced to 30%, while China's levies on American imports are cut down to 10%.

0:24.6

Here's CNN's Matt Egan.

0:25.6

I talked to Moody's economist Mark Zandi, and he told me that before this agreement, he thought there was about a 60% chance of a recession in the United States this year.

0:36.6

He now sees a 45% chance.

0:39.3

Justin Wolfers also says it's about a coin flip, about 50, 50.

0:42.3

So yes, recession odds are coming down, but not nearly as low as you might think if you were just looking at the stock market.

0:50.3

The first day of Sean Dutty Combs' federal criminal trial wrapped up after prosecutors called

0:55.9

two witnesses. Prosecutors have shown the jury footage from a hotel in 2016, where Combs

1:02.3

was recorded attacking his then-girlfriend Cassie Ventura, a key witness in the trial.

1:08.0

L.A. police officer Israel Flores was at the Intercontinental Hotel at the time,

1:12.8

working security, and testified that he responded to a woman in distress and found Combs

1:18.2

with a, quote, devilish stare and Ventura with a purple eye.

1:23.1

He said Combs offered him cash, which he interpreted as a bribe.

1:27.2

Flores declined the money.

1:29.3

When Flores was cross-examined by the defense about why he didn't know Combs' facial expressions

1:34.3

in the incident report, he wrote at the time he said he felt it wasn't relevant.

1:38.3

Here's defense attorney Misty Miris on the importance of this incident and the footage to the case.

1:48.9

It's part of this bigger narrative, and this is where the defense is really focused.

1:56.1

Is this an altercation between a couple, which they had to concede bad behavior on Combs's part? Is this an altercation between a couple who has a tumultuous 10-year relationship?

2:01.2

Or is this part of a freakoff?

...

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