Kelly: Some DREAMers Who Didn't Sign Propaganda, Too Lazy; Stock Market Seas Are Calm But Storm Isn't Over
LU STOUT: Coming to you live from Hong Kong. Welcome back. This is News Stream. Now in Washington, Democrats and Republicans appear to be inching closer to a budget deal but controversial remarks made by President Trump and his chief of staff are not helping efforts to reach a compromise when it comes immigration. Abby Phillip reports.</s>DONALD TRUMP, PRESIDENT OF THE UNITED STATES: If we don't change it, let's have a shutdown. We will do a shutdown and it's worth it for our country. I would love to see a shutdown if we don't get this stuff taken care of.</s>ABBY PHILLIP, CNN CORRESPONDENT: President Trump calling for another shutdown if Democrats don't agree to his immigration demands, despite the fact that at the same time, Senate negotiators were touting bipartisan progress on a budget deal.</s>SEN. MITCH MCCONNELL (R), MAJORITY LEADER: I'm optimistic that very soon we'll be able to reach an agreement.</s>SEN. CHUCK SCHUMER (D), MINORITY LEADER: We are closer to an agreement than we have ever been.</s>PHILLIP: The Senate budget negotiations do include immigration overhaul, a longtime Republican goal. The Senate's two year includes a boost in defense spending, alongside additional domestic spending the Democrats have been calling for. Press secretary Sarah Sanders left to clean up the president's remarks.</s>SARAH HUCKABEE SANDERS, WHITE HOUSE PRESS SECRETARY: I don't think that we expect the budget deal to include specifics on immigration reform, but we want to get a deal on that. As we've said, we don't want to hold the government hostage over these items.</s>PHILLIP: Late Tuesday, Senator Lindsey Graham also indicating the Senate may be making progress on immigration.</s>SEN. LINDSEY GRAHAM (R), SOUTH CAROLINA: I felt really bad yesterday. I feel better today. People are -- I think we've got a way forward that seems to be fair to everybody. We're back in the ball game now.</s>PHILLIP: This effort coming amid backlash over these remarks from the president's chief of staff about undocumented immigrants who did not sign up for President Obama's DREAMer program but would be given a potential path to citizenship under the administration's proposal.</s>JOHN KELLY, WHITE HOUSE CHIEF OF STAFF: The difference between 690 and the 1.8 million were the people that some would say were too afraid to sign up, others would say were too lazy to get off their asses, but they didn't sign up.</s>JIM ACOSTA, CNN CHIEF WHITE HOUSE CORRESPONDENT: It's just an offensive comment, though, isn't it? Just on its surface?</s>SANDERS: I think that's something you would have to decide for yourself.</s>PHILLIP: Kelly later doubling down after Democrat Steny Hoyer reportedly pushed back against his remarks in a closed-door meeting. Kelly, also telling reporters that the president is not leaning one way or another about releasing the Democratic rebuttal to the GOP memo alleging FBI surveillance abuses.</s>KELLY: This is a different memo than the first one. It's lengthier. It's -- well, it's different. It will be done in a responsible way. But again, it's -- where the first one was very clean relative to sources and methods, my initial cut is this one, who is lot less clean.</s>PHILLIP: Kelly adding that ultimately, the president is waiting for a recommendation from the deputy attorney general, Rod Rosenstein, and FBI head Christopher Wray, even though he ignored their concerns about the Republican memo last week. The back and forth coming as CNN learns that President Trump remains eager to speak with Special Counsel Robert Mueller's team, despite concerns from his lawyers. The president is also eager to hold a grand military parade in Washington after praising France's Bastille Day celebration last year.</s>TRUMP: It was one of the greatest parades I've ever seen.</s>PHILLIP: The Pentagon confirms the president's request but stresses that the planning process is in its infancy.</s>LU STOUT: And that was CNN's Abby Phillip, reporting. And moments ago, we have learned this, initial planning for that military parade is now underway by the U.S. military, that has been confirmed to CNN by the chairman of the Joint Chiefs of Staff. And a senior defense official adds that one should be considered is to halt the parade in November in conjunction with the 100 anniversary of the ending of World War I. Now German Chancellor Angela Merkel is a step closer to forming a government. The center-left social Democrats say that they have reached a deal with Merkel's conservatives to create another grand coalition. If approved by the social Democrat's 460,000 members, it would end months of uncertainties since the last election. It leaves the right wing alternative for Germany Party as the main opposition. And we are tracking European markets this hour just to see how they're faring after Tuesday's dismal trading day. But now in recovery mode after posting modest gains in early trade, and right now, it looks like the FTSE are in the green, kind of making gains up to around one percent. Now, it's all fall in the mix picture here in Asia, Tokyo and Sydney ended higher, the rest you could see, Hong Kong Hang Seng, and the Shanghai Composite, both in the red. And this all comes in the wake of the Dow, having its biggest ever single day point loss in history. Some analysts say Wall Street could be in for another bumpy ride. Now, let's bring in Isa Soares. She joins us live from London. Isa, mix picture in some parts of the world has a sense of calm return to global market.</s>ISA SOARES, CNN CORRESPONDENT: Hi, Kristie. A degree, Europe, comes, especially if you are looking at those European markets, not saying like the durations we saw in Asia and Europe in the last 24 hours. But let's not stop popping the champagne bottle just yet, because the fundamentals of the U.S. haven't change, this concern that the interest rates of the consent inflation will raise the concerns that the Fed will have to raise interest rates. That is still there. So the problem perhaps -- the problem many ways hasn't gone away. So is the calm before the storm? That's what many people are asking. Let's just look at the European markets because they are making a bit of a recovery but still not making a big enough recovery from those gains -- from those loses in the last 24 hours to 48 hours. If we can bring the markets up, the FTSE was up, doing quite well this hour. The Xetra DAX in particular on the back of the news, the coalition has been agreed temporarily at least in Germany. There you go, almost one percent, Paris also doing well as your account for my doing well, as the (Inaudible). Xetra DAX doing well but there are concerns, of course, about this coalition. He will get what party of course will get the key ministries in particular, the finance ministries, Kristie. But of course, when I have been speaking to traders in nearly out this morning, they warned me about the next 24 hours to 48 hours. And let's not get ahead of ourselves. The word they have been using is caution -- caution, for events that what may happen in the U.S. And if we look at the U.S. market, their future, the last time I look within 150 points, if we can bring the Dow futures up. It's expected to be -- there you go. Also, 100 or so points, almost half of percent were negative (Inaudible), right across the board in the U.S. So, I think the answer really is, buckle up. It could be a rock and roll day in the stock markets. Kristie.</s>LU STOUT: Yes, and with all those red arrows there, it doesn't look like the sell-off is over just yet all. And all eyes on the Fed. I mean does it need to move aggressively? SOARES Well this is the thing, and we haven't heard from the Fed. I think acting is why so many investors, and so many people will be keen to see what the Fed will say today. We are expecting some comments from the Fed, later on today in particular about how they interpret these markets -- the stock markets' gyration. We are also expecting to hear today and tomorrow of course from the Bank of England, Mark Carney, who is also getting his own interpretation of what may happen. But this is -- this is what everyone have been listening to, because while, the market has somewhat shifted and gone up and down in these huge swings, the fundamentals haven't changed at all. And so, they are looking for signals that perhaps the Fed may move. And if so, how soon, how quickly will it do so. You know, hearing Europe, Kristie, it's very different because some people may be scratching their heads and wondering, OK, so if fundamentals haven't change, why is Europe backing the trend in many ways, why is Europe popping green arrows? That is because the fundamentals are strike and tell you, we have some strong data out of Europe today in terms of GDP. I think we have got the numbers here in front of me, came in the last hour and a half or so. The economy is expected to grow to 2.3 percent -- in 2018 and two percent in 2019, and Germany, the Europe's biggest economy, expected to grow by 2.7 percent this year. So that is the reason why we haven't seen this huge market shift -- stock market shift here in Europe, because the Europe in many ways is (Inaudible) saying look, this is not our problem which is reacting to what's happening in U.S. Kristie.</s>LU STOUT: And that's why caution is still needed. Isa Soares, reporting live for us in London. Thank you so much. Take care. Now the casino mogul, Steve Wynn -- he has stepped down as CEO and chairman of Wynn Resorts. Now the company and Wynn are facing waves of negative publicity after the Wall Street Journal detailed allegations of sexual misconduct against Wynn. That report affects in the company stopped tumbling, and Wynn, denies the accusations. Now, they are a Super Bowl staple but the boss of the company makes Doritos, thinks the snack might be too manly. PepsiCo CEO, Indra Nooyi said that her firm is developing line seemed to women. So, is there really a battle of the sexes over bag of chips? Well, here is Jeanne Moos.</s>JEANNE MOOS, CNN CORRESPONDENT: Let the chips fall where they may. Lady Doritos?</s>UNIDENTIFIED FEMALE: I think I'm going to eat the crunchiest, messiest Doritos I want and enjoy the hell out of it.</s>MOOS: Sounds like she has a chip on her shoulder after the CEO of PepsiCo suggested her company was developing chips for her because men eat Doritos differently from women.</s>INDRA NOOYI, PEPSICO CEO: Men a little bit lick their fingers with great glee.</s>MOOS: And guys like to tip back the bag. Yes, men like to be macho with their nachos. While women...</s>NOOYI: They don't like to crunch too loudly in public. They don't lick their fingers generously.</s>MOOS: Tell that to this former Ms. Australia.</s>UNIDENTIFIED FEMALE: I definitely lick my fingers after. I love it.</s>MOOS: Even in network morning show host couldn't resist.</s>UNIDENTIFIED FEMALE: No, I do not want a silent chip.</s>UNIDENTIFIED FEMALE: No, I love a loud crunch.</s>UNIDENTIFIED MALE: Because there is no more appropriate snack for the #MeToo era than a chip that tells women to be quiet.</s>MOOS: The only quiet chips are stale chips, tweeted model Chrissy Teigen. Read another comment, my generation mark so future generations of women could enjoy lady Doritos.</s>UNIDENTIFIED FEMALE: Go tell (Inaudible) and Susan B. Anthony, they can finally rest in peace.</s>UNIDENTIFIED FEMALE: Sing it, sister.</s>MOOS: Though PepsiCo CEO promised snacks designed and packaged for women would launch soon, the company said, we already have Doritos for women, they're called Doritos. Some men stood up for women's right to crunch.</s>UNIDENTIFIED MALE: Just as loudly and obnoxiously as men do.</s>MOOS: But there are worst things that eating low crunch ladies chips...</s>UNIDENTIFIED FEMALE: Oh my God, did you just eat that?</s>UNIDENTIFIED FEMALE: Relax.</s>UNIDENTIFIED FEMALE: Axel (ph) put his toenails in the chip bag.</s>UNIDENTIFIED FEMALE: You just ate Axel's (ph) toenails.</s>MOOS: We did one crunchy Doritos fan, can we just get quiet bags instead? Jeanne Moos -- and licking your fingers is cool?</s>UNIDENTIFIED FEMALE: If I am at home.</s>MOOS: CNN, New York.