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Big Market for Meteorites; Google Stock Hits Milestone; Forced Spending Cuts Loom; Two Sets of Identical Twins; IPhone Saved Documentary
Aired February 19, 2013 - 13:30 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
NKEPILE MABUSE, CNN CORRESPONDENT: You know, Reeva Steenkamp's father spoke to a reporter from the UK. And he basically said that he has no feelings of animosity or hatred towards Oscar Pistorius. He says that all he wants are answers. He wants to understand what led to the death of his daughter who he's described as somebody who was kind and loving. So everybody wanting to know exactly what happened. And of course state prosecutors making it clear today in court that they don't buy Pistorius' story -- Suzanne.
SUZANNE MALVEAUX, CNN ANCHOR: All right. Nkepile Mabuse, thank you very much. Appreciate it.
In Belgium, thieves making off with $50 million, that is right, in diamonds. Eight armed masked robbers dressed as police officers drove two cars on to a tarmac at the Brussels Airport, then they stole the diamonds from a cargo hold on a plane. Airport officials say they pulled the whole thing off in just three minutes. The gems were en route from the Antwerp World Diamond Center to Switzerland.
And a meteor fell to earth in Russia. Now people searching the crash site. How they are hoping to cash in on the debris, up next.
MALVEAUX: What is about 55 feet in diameter, ways around 10,000 tons, worth a lot of money? This thing. Debris from that meteor that streaked across Russia Friday apparently worth a lot of money because of what it's made of.
Chad Myers is joining us as well as Alison Kosik at the New York Stock Exchange.
Chad, so first of all, describe for us asteroid --
CHAD MYERS, AMS METEOROLOGIST: Yes.
MALVEAUX: Goes through the earth's atmosphere as a meteor, breaks up, becomes meteorites when it lands on earth. Are there -- they're finding, they're looking for these little pieces.
MYERS: They're finding pieces.
MALVEAUX: They are. MYERS: Yes. We don't know yet, they haven't really been analyzed. We don't know if this is just a common stony asteroid that turns meteor that turns meteorite or could it be something much more expensive? If this happened to be a piece of maybe Mars or maybe piece of the moon that flew off when another meteor hit and then these collisions in space send other pieces of planets flying away, it could be worth 40 times the value of a piece of gold.
MALVEAUX: Are they hard to find?
MYERS: They are. Not so much here.
MALVEAUX: Why so?
MYERS: Well, because there's snow there. And they were still warm when they hit the earth and so it melted the top layer of snow and they kind of sunk into the snow a little bit. They are very hard to find across the world. We don't believe this is going to be an iron meteor. So it's going to be very hard to find with a metal detector. You're going to stand --
MALVEAUX: Yes, that's what I was going to ask.
MALVEAUX: If you're one of those people on the beach or something, could you find it in the -- in the wave?
MYERS: We think of meteors as these big hunks of metal that fly and make craters. And they melt and they're just this big black hunk of stuff. We don't believe that this was that type of meteor. Was not an iron core meteor. Iron comes from the center of a planet that didn't make it. Like our earth's core.
MALVEAUX: Right. Sure.
MYERS: You know, a planetoid that just didn't get there. That's what we think. But only 10 percent of those metal ones, iron ones, hit the ground. The rest is all this type where we think it's just --
MALVEAUX: How big are these pieces that we're talking about?
MYERS: You know -- so far about the size of a thumbnail. That's it so far. They haven't found the big piece yet.
MALVEAUX: And they're in the snow. Buried in the snow somewhere?
MYERS: Yes. And there was a hole in a lake and they were looking around saying, wow, well, this is a big -- big great hole. They think they're probably there were just people ice fishing.
MALVEAUX: That's a shame. But I could bet you there are going to be a lost people out there.
MALVEAUX: I'm going to bring in Alison here, because obviously, Alison, I don't know about you, I'd be out there searching for them. I mean, they're worth a lot of money, yes?
ALISON KOSIK, CNN BUSINESS CORRESPONDENT: Yes, so there was actually an alleged, I say alleged piece of the meteor because we're not sure if it exactly is. But there was one piece that was sold on eBay yesterday for over $4,000. That's nuts considering the seller had no idea what the rock was even worth. You know, its opening bid was just 99 cents. So, you know, we wanted to know, how do you determine the price of a meteorite?
So we asked Paul Harris. He's of the Meteorite Exchange and here's what he told us. There are actually a few factors in determining the price. First of all supply. The total amount of meteorite that's recovered. Also the size and the weight of each individual sample. That matters, too, because the bigger the sample, the more it's worth.
The composition of the rock, yes, that's important, too, and Chad just talked about that. You know, about 90 percent of the meteors that have ever fallen to earth are basically -- you know, they're one type of rock. So if this one turns out to be different the value of it would go up because it's more unique.
And finally the historical significance plays a role in this. Because this has really become a big story and the impact did a lot of damage. So that could also increase the value -- Suzanne.
MALVEAUX: All right. Alison, thank you. Appreciate.
And, Chad -- Chad, would you get out there and start looking?
I have a -- I have a metal detector in my trunk for when I go up to north Georgia looking for gold nuggets. Are you kidding me?
MALVEAUX: You're ready?
MYERS: Of course I'm a hunter. Yes, you bet, I'd go any time.
MALVEAUX: Yes. We'll take a little field trip up there. See how much we could get.
MYERS: Yes, you'd need a lot of clothes. It's cold up there.
MALVEAUX: All right. Chad, Alison, thank you very much.
Of course jumping over to the markets today. Saw the Dow hit a new high within the day, looking at more than 14000 points there. Different from a closing record number, however, but still the Dow a little more than 100 points away from its record-closing high. It hit back in October of 2007.
And of course, Alison, another big story in the markets today. Google, tell us about that. The company's share price hitting a pretty big milestone, yes?
KOSIK: Yes, and we're not only watching the Dow at that 14000 level, we're watching Google crossing its own milestone, $800 a share for the first time in its history. In fact right now it's at $802. But then its shares up over 30 percent over the past year.
Did you know $10.7 billion of its profit in 2012, that's what it made on over $50 billion in sales? All right. So everybody wants to know how is this possible? Why is Google going over $800 today?
Well, first of all, there are some rumors floating around about Google possibly opening up some retail stores. That would be an absolute direct challenge to Apple. At these stores they maybe would sell Google phones, Nexus tablets, Chrome books, maybe other gadgets and gizmos, too. But this is just a rumor. There's one Google exec told -- who told the Web site AllThingsD back in December that there were no plans for a retail store.
But you know what, even without the retail store, analysts see lots of room for further growth for Google. You know, you look at Google, it's already got its hands in so many things. It still gets 87 percent of total revenue from advertising in many, many forms. It means on all its other products, Gmail, Chrome, Google Maps, YouTube, you know, it just goes on and on the list, Google also sells custom versions of its products like Gmail and Google Docs. They sell those to businesses.
Also you can't forget the Android operating system. No, no. Five hundred million active devices worldwide. That dominates the smartphone market.
KOSIK: And also it has that social network Google Plus. It's gotten less than a quarter of the number of users as Facebook, Suzanne, but it's growing. And you see the strength not just -- you know, not just in the market place but here with its stock. I'm sure that it's a force to be reckoned with even when Facebook is concerned.
MALVEAUX: All right. Thank you, Alison. Appreciate it.
Well, you probably heard it a thousand times by now, in the last couple of months we're headed towards the $1.2 trillion of forced spending cuts within the next 10 years starting March 1st. This was President Obama earlier today addressing this.
(BEGIN VIDEO CLIP)
BARACK OBAMA, PRESIDENT OF THE UNITED STATES: Just 10 days from now, Congress might allow a series of automatic severe budget cuts to take place that will do the exact opposite. Won't help the economy. Won't create jobs. Will visit hardship on a whole lot of people. (END VIDEO CLIP)
MALVEAUX: So how would it affect your life?
Ali Velshi, Christine Romans here with this week's "How to Speak Money."
ALI VELSHI, HOST, CNN'S YOUR MONEY: Thanks, Suzanne. It's almost upon us, it's a stupid name for a stupid thing.
CHRISTINE ROMANS, HOST, CNN'S YOUR BOTTOM LINE: Oh, my gosh, you've been say that for months now really.
VELSHI: I know.
ROMANS: We're calling it the sequester, it's a terrible word. It was never supposed to happen. The sequester is almost like the or else. Congress and the president were supposed to figure out how to cut the deficits or else they'd have the sequester, forced spending cuts.
VELSHI: All right. So here we are, a month and a half past the original deadline and still no deal to avoid it. Now you've heard the big numbers.
VELSHI: $1.2 trillion in cuts over 10 years, $85 billion this year, 13 percent cuts to Defense, 9 percent to everything else. Our colleagues here at CNN Money came up with some of the specifics of what this thing, these forced budget cuts, are going to feel like.
ROMANS: And there are quite frankly dozens of ways you'd feel it. But look at education first. Maybe more than 14,000 teacher and staff members facing layoff to school districts. A deal with those cuts. Also think of this, 70,000 students would no longer have a spot in Head Start. Criminal justice, all FBI workers be forced to take up to 14 unpaid days off, Border Patrol, anything that has to do with law enforcement on the federal level, would face big cuts.
And national parks.
ROMANS: I mean, you might not think about that, but you know.
VELSHI: That's actually something that matters to a lot of people. You want to go for a springtime hike, you better call ahead to see if the sequester affects -- reduced hours and services at these parks. And last and most annoying, travel. Prepare for longer lines, longer wait times, slower security checks at airport.
ROMANS: Here's something you don't have to worry about. Medicare and Social Security, largely untouched. Also safety net programs like Medicaid and food stamps, also exempt, military personnel and veterans affairs but, you know, everyone is going to feel it one way or another unless Congress gets its act together. We will not call it the sequester. The forced budget cuts are going to hit you.
VELSHI: All right. Back to you, Suzanne.
MALVEAUX: All right. Thank you.
One in 70 million? Those are the odds of a woman giving birth to two sets of identical twins. Well, a woman in Houston just welcomed two sets of identical twin boys.
Our own Dr. Sanjay Gupta here to explain how did that happened. Up next.
DR. SANJAY GUPTA, CNN CHIEF MEDICAL CORRESPONDENT: Fascinating stuff.
MALVEAUX: Texas woman has given birth to not just one set of twins but two.
These four little boys were born on Valentine's Day.
(BEGIN VIDEO CLIP)
THERESA MONTALVO, GAVE BIRTH TO TWO SETS OF IDENTICAL TWINS: The names of the baby we just decided that it would be easier for the family to keep up with the order that they were born. So we decided to stay with the A, B, C, D theme. And our 2-year-old son is being named Memphis, we thought, let's kind of get something maybe like a little Vegas theme going on. And we decided to go with Ace, Blaine, Cash and Dylan.
(END VIDEO CLIP)
MALVEAUX: I guess that's one way to, like, keep up with all of them. Right?
MALVEAUX: A theme or something. How did this happen? How rare is this?
GUPTA: This is rare. I mean, you know, it's happened before. But this is very rare. And keep in mind, I don't know if you've -- but she's 36 years old. He's 43 years old. So this, as you get older, just having a baby at all becomes increasingly more challenging.
MALVEAUX: Sure. GUPTA: So, you know, they -- in this country about 10,000 babies born every day. A little interesting tidbit for you. About 2 percent of them are identical twins. So about 200 sets of identical twins born every day. But to have two sets of identical twins, it's -- you know, they say about 1 in 70 million but the fact is when you have numbers that small it's very hard to predict. And women under a certain age who get IVF, I say about a third of women --
MALVEAUX: Fertility treatments.
GUPTA: Yes. In vitro fertilization. You could see the numbers there, about 30.8 percent have twins using their own eggs, 1.2 percent have triplets. So it's more common in fertility treatments but they did it naturally. We talked to the hospital.
GUPTA: They said no IVF. No medication --
MALVEAUX: They couldn't have planned it any better.
GUPTA: It's pretty incredible. Yes.
MALVEAUX: So what -- how are these kids going to do? I mean, obviously they're very small. I mean, they're all premature.
GUPTA: Between 2 pounds and 15 ounces to 3 pounds and 15 ounces. It's means a legitimate concern for any child who was born that small, that prematurely. You are at certain risk of things so everything from potential hemorrhages, small ones even in the brain, lung development. And that's why they stay in the neonatal ICU. For the mom, you know, while she was pregnant she had some significant health concerns as well, diabetes, but also hypertension. So it looks like she's gotten through that.
Well, I saw her today, by the way. Did you see her? And it's hard to believe just a few days ago --
MALVEAUX: Wow. Isn't that amazing?
GUPTA: -- she had four babies and she looked great. So --
MALVEAUX: She doesn't right now. When did you find out that she was having two sets of twins?
GUPTA: She found out on an ultrasound. She --
MALVEAUX: How far along was she?
GUPTA: I can't remember exactly. I think first they heard a -- first they thought it was just two babies, then they heard a third heartbeat and at some point along the way. So it was -- it was a surprise. You know, at some point along the process. So it wasn't on the first ultrasounds. MALVEAUX: I don't know if you realized, I'm a twin as well.
MALVEAUX: And I was a total surprise. Back in the day they had no idea. My mom had no idea she was having twins. My sister was born first. The doctor --
GUPTA: They don't get ultrasound --
MALVEAUX: No. The doctor turned to her and said, you know, you did so well, you're going to try for another. My dad started crying, tears of joys, I hope.
And then six minutes later I was born.
GUPTA: That's pretty -- that's pretty incredible. And, you know, with here, just the science of this is interesting, as you probably know, but there's two eggs that are both fertilized. If nothing more happened for this particular story they would have been fraternal twins, but those eggs then split. So now you have two sets of identical twins, separate amniotic sacks, separate placenta, separate thing all the way over here, and a separate sort of set of twins over here.
It's a pretty amazing thing, the human body. And you get -- I mean that's essentially what happened right there.
MALVEAUX: Yes, strangely enough, there's a debate whether or not I'm fraternal or identical. Because the doctor said fraternal. My mom said to this day says we're identical.
GUPTA: You can get tested for this.
MALVEAUX: I might just do that --
GUPTA: Maybe we should find out.
MALVEAUX: We'll do a little special together. How's that?
GUPTA: I've seen your sister. You guys look very much, very much alike.
MALVEAUX: Thank you, Sanjay. This is a great story.
GUPTA: And happy, I think. And hopefully they're going to do well. MALVEAUX: Yes. Just 1 in 70 million.
GUPTA: Yes. That's what they said.
MALVEAUX: That's pretty awesome. And so they beat the odds. It only makes sense that all their kids are named Cash and all --
Everything else from the casino. All right.
GUPTA: Yes, I love that. OK.
MALVEAUX: Thanks again, Sanjay.
MALVEAUX: Michael Jackson's son making his entertainment debut. He's got a new gig coming up.
MALVEAUX: Michael Jackson's oldest son Prince, he's got a new gig, it's in TV. He has taken a job as a reporter on "Entertainment Tonight." Prince Michael Jackson has already taped his first interview. It is about the remake of "The Wizard of Oz." He's all grown up there, 15 years old. Said to inherit millions from his father's estate but his lawyer says that Prince is determined to make his own money. Eventually he wants to become an actor.
Music exec Clive Davis who worked with Michael Jackson, of course discovered Whitney Houston among other top greats. Well, now in his memoir -- a new memoir, "The Soundtrack of My Life," it's called. Davis, now 80 years old, opens up about his career as well as his personal life.
(BEGIN VIDEO CLIP)
CLIVE DAVIS, SONY ENTERTAINMENT CHIEF CREATIVE OFFICER: For over 50 years I never had sex with a male. It wasn't repressed. I had very good sexual relationships with women.
UNIDENTIFIED FEMALE: And had you thought about men in that way?
DAVIS: Never. So for me this very maligned, misunderstood subject of bisexuality came up.
UNIDENTIFIED FEMALE: It's been said that people are either gay, straight or lying.
DAVIS: Correct. I'm not lying. And it exists.
(END VIDEO CLIP)
MALVEAUX: When pressed about why Davis hasn't named the man that he's had relationships with, he said it is their privacy that he is protecting not his own.
And you soon could be hearing some previously unreleased songs by Tupac Shakur. That's right. That's because his mother is working with a company to manage the rapper's estate. She says he has many incomplete works she would like to make available to folks everywhere. Tupac has had many number one singles including "Dear Momma" and "Changes."
The documentary "Searching for Sugar Man" getting a lot of Oscar buzz. But the story behind the movie is what's got a lot of folks talking. How an iPhone saved the film.
MALVEAUX: All right. We usually think of using our iPhone video cameras to shoot those cute little home videos, capture family memories, that kind of thing, but these cameras, they're little cameras, capable of a lot more. The movie "Searching for Sugar Man" was shot partially on an iPhone now up for an Academy Award.
Nischelle Turner explains.
UNIDENTIFIED MALE: If ever there is an air of intrigue and mystery around a pop artist, it is around the artist known as Rodriguez.
NISCHELLE TURNER, CNN ENTERTAINMENT CORRESPONDENT (voice-over): "Searching for Sugar Man" is one of the hottest documentaries of the year, racking up awards worldwide. Now it's in the running for an Academy Award.
Director Malik Bendjelloul admits --
I was being cool times. So far, so good.
TURNER: The film tells the unusual story of Rodriguez, a singer from Detroit who never gained fame in America but became somehow a legend in South Africa.
MALIK BENDJELLOUL, DIRECTOR: I was like, wow. This is the best story I ever heard in my life.
TURNER: And the story behind the movie? Pretty remarkable, too. It was shot partly on an iPhone. Bendjelloul told us that was a matter of necessity.
BENDJELLOUL: I started shooting this film with a super eight camera, like real film. It was just pretty expensive stuff. And I completely ran out of money. I needed just very few -- it was around just a few shots left, but I needed those shots. And one day I realized that there was this $1.00 app on my iPhone. And I tried it. And it looked basically the same as the real stuff. So then the film was finished with a smartphone.
TURNER (on camera): The app Bendjelloul used is this one. It's called "Eight Millimeter" created by the company Nexvio. What Instagram does for photos, this application essentially does for videos, turns everything retro. Instantly.
Check this out. So this is me being shot with normal video and this is me being shot with the "Eight Millimeter" application.
(Voice-over): The director showed us frame by frame where he used the app. One example, this aerial sequence.
BENDJELLOUL: This is actually out of a flight window with this. It looks like real film. The windows. You can't tell the difference.
TURNER: Bendjelloul told us he also used the app to shoot video off a computer screen. His purpose was to get that '70s feel, the time when his subject Rodriguez was actively making music.
BENDJELLOUL: I filmed this with a normal camera. This is Rodriguez's reflection on his wall in his house. And then I shot the -- actually the -- just like this. The computer screen, like that, so I got the super eight feeling.
TURNER: Tracking down the creator of the app proved a challenge worthy of a movie about tracking down a mystery musician. We eventually located Nexvio's president, Hong Yu Chi, in northeastern China where he was visiting. By Skype he shared his reaction to finding out his app was used in an Oscar nominated film.
HONG YU CHI, PRESIDENT, NEXVIO INC.: It's crazy. We are pretty thrilled.
TURNER: Hearing about his app's connection to the film inspired Hong to watch "Searching for Sugar Man."
(On camera): And what did you think?
HONG: It's quite a touching film, I think. I never thought they did a documentary that can be so touchy.
TURNER (voice-over): Hong is a fan of the movie but Bendjelloul is a fan of the app that helped put him in the thick of the Oscar race.
Nischelle Turner, CNN, Hollywood.
MALVEAUX: Pretty cool stuff. CNN NEWSROOM continues right now with my friend Christi Paul.
CHRISTI PAUL, CNN ANCHOR: Hey, Suzanne, thank you so very much. I'm Christi Paul, in for Brooke Baldwin today. News, it starts now.
I want to first get you to Southern California where at least three people and a gunman are dead after a chaotic 25-minute shooting spree that spanned an entire county here.