Record Housing Prices Widens Racial Divide

The Lead with Jake Tapper

CNN

News

3.5 • 1.7K Ratings

🗓️ 20 May 2022

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

Records highs for housing and gas as Wall Street continues to dive into historic territory with economists warning of a possible recession. Plus, the U.S. secures its first batch of baby formula from Europe, but it’s not just parents who are desperate to get their hands on shipments. Then, Trevor Reed sits down with Jake to discuss his near three year detainment in Russia. 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	But how can we not look at our retirement accounts at a time like this?
0:06.3	The lead starts right now.
0:08.7	Record highs for housing and gas and now Wall Street diving into historic territory,
0:14.1	how worried should Americans be as economists warn of a possible recession and a backup
0:19.8	plan in the works.
0:20.8	The US secures its first batch of baby formula from Europe, but it's not just parents of
0:25.9	young infants desperate to get their hands on shipments and detained in Russia for nearly
0:31.4	three years, unfairly, unjustly, including as punishment in a psych ward full of criminals.
0:41.2	So I was too worried about who was in the cell with me to actually sleep, you thought they
0:47.4	might kill you?
0:48.4	Yeah, I thought that was the possibility.
0:51.7	More from my exclusive interview with Trevor Reed, the US Marine veteran who is finally
0:55.7	thankfully, huh?
1:02.2	Welcome to the lead M. Jake Tapper.
1:03.4	We start with our money lead and renewed fears of an economic recession as the markets closed
1:07.7	moments ago.
1:08.7	The Dow finishing flat after a day mostly in the red, but what's sounding alarm bells
1:12.7	now is that this is the eighth straight week of losses for the Dow.
1:17.8	That's the longest weekly losing streak since 1923.
1:22.5	The S&P 500 NASDAQ also taking hits fueled by investors who are getting increasingly spooked
1:27.6	about how high inflation is messing with the US economy.
1:30.1	CNN's Matt Egan is live in New York for us.
	...

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