Deadly Suicide Bombings Rock Baghdad; Overtime Rules Expanded For Millions.
SANCHEZ: More bombings and bloodshed in Baghdad. Explosions ripping through three neighborhoods in the Iraqi capital on Tuesday killing at least 46 people and wounding more than 100 others. ISIS is claiming responsibility for one of the attacks. CNN senior international correspondent Arwa Damon is monitoring the latest developments live from Istanbul. Arwa, good morning to you. In the past week, more than 200 people have died in Baghdad and officials say this is a sign that ISIS is getting weaker, but is that really the case?</s>ARWA DAMON, CNN SENIOR INTERNATIONAL CORRESPONDENT: Well, that's what U.S. officials are saying, Boris, and that is what the U.S. military is saying at this stage. That this uptick in attacks is a by-product of ISIS being put under pressure in other parts of the country and that this is them being on the back foot and lashing out going after these soft targets. Now, this type of attack is not necessarily something new when it comes to an entity like ISIS. It's previous incarnation, back in the days when it was al Qaeda and Iraq, they constantly were going after soft targets. They constantly were trying to go after the Shia community to try to sow even more tensions between the country's Sunnis and Shias. And given today's political chaos and vacuum that exists in Iraq, this is something they could perhaps be trying to exploit once again. The other issue here is that when one looks at an entity like ISIS -- an entity that historically has proven time and time again its ability to morph and emerge even stronger than before, to try to define it as being an organization right now that is on the defensive or is on its back foot is perhaps a little shortsighted. But the U.S. has always had a tendency to try, to a certain degree, give what's happening in Iraq something of a rose-colored image and not necessarily confront the realities that exist on the ground. And that is part of the reason why we are finding ourselves in this situation. ISIS is an entity unlike anyone, whether it's the Iraqis or the Americans, has faced before and it most certainly is one that has proven that it is willing to fight until the bitter end, Boris.</s>SANCHEZ: It's certainly hard to see those images painted with a rose- colored lens, as you said, Arwa. Thank you so much.</s>ROMANS: Let's get an EARLY START on your money. Dow futures, little change this morning after a rough day yesterday. Worries about Federal Reserve interest rate hikes spreading across Wall Street. We'll get more details on how the Fed feels about the economy later today when it releases minutes from its most recent meeting. A billionaire investor seems to be bracing for a storm in the stock market. George Soros invested $264 million in Barrick golds during the first quarter. It's the world's largest goldminer. He also acquired 1.1 million options to buy a popular ETF which mirrors the price of gold. Gold, of course, is seen as a safe haven so investors could park their money there if stocks fall. Soros is known for his big bets against highly-valued assets, cashing in when they drop. Goldman Sachs also just downgraded the U.S. stock market to neutral for the next 12 months. It says if corporate profits don't grow faster stocks look overvalued. Millions more workers will become eligible for overtime pay later this year. The Labor Department expanding mandatory overtime pay to workers who make less than about $44,000 a year, about $913 a week. That's roughly double the current threshold. Right now, just seven percent of salaried workers are automatically eligible for overtime. Under the new rules, 35 percent will become automatically eligible, according to the Labor Department. In 1975, 62 percent of salaried workers in the total workforce was eligible for overtime pay. The change will start December 1st. It's expected to affect retail and restaurant workers the most. Some business groups say it's too drastic an increase.</s>SANCHEZ: Hillary Clinton and Bernie Sanders each pick up a new election win overnight, but is their primary battle badly bruising the Democratic Party? "NEW DAY" starts right now.</s>SCHULTZ: There is never a place for violence and intimidation.</s>UNIDENTIFIED MALE: It was a pretty unfair process.</s>UNIDENTIFIED FEMALE: The election was stolen.</s>SCHULTZ: Senator Sanders should, outright, condemn that specific conduct.</s>JEFF WEAVER, BERNIE SANDERS CAMPAIGN MANAGER: We obviously do not condone any kind of violence or threats.</s>SANDERS: This campaign is listening to the American people.</s>UNIDENTIFIED FEMALE: I get threats every one to two seconds.</s>HILLARY CLINTON (D), PRESIDENTIAL CANDIDATE: We have too much divisiveness in America.</s>SANDERS: We are in until the last ballot is cast.</s>DONALD TRUMP (R), PRESIDENTIAL CANDIDATE: I would speak to him. I would have no problem speaking to him.</s>UNIDENTIFIED MALE: We will not be disadvantaged by anybody in North Korea.</s>ACOSTA: The Trump campaign is announcing, along with the RNC, that it has agreed on these joint fundraising agreements.</s>REP. PAUL RYAN (R-WI), SPEAKER OF THE HOUSE: We're having the kinds of conversations that are necessary to make sure that we are unifying.</s>ANNOUNCER: This is NEW DAY with Chris Cuomo and Alisyn Camerota.</s>CHRIS CUOMO, CNN ANCHOR: Good morning. Welcome to your new day. It is Wednesday, May 18th, 6:00 in the east. Up first, Hillary Clinton dodging a major blow. The Democratic front-runner narrowly wins Kentucky's primary, and we mean really narrowly. We'll take you behind the numbers and you'll see just how true that is. Bernie Sanders wins big in Oregon, vowing to stay in the race, saying he thinks he can win California. The results, however, overshadowed by this fight heating up between Sanders' supporters and the party establishment. Some Democrats now worried about violence at their convention in July.</s>CAMEROTA: On the Republican side, presumptive GOP nominee Donald Trump picking up one more win.