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New Toronto Mayor Video; Super Typhoon Haiyan Makes Landfall; Twitter Opens With a Roar
Aired November 8, 2013 - 06:30 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
KATE BOLDUAN, CNN ANCHOR: Welcome back to NEW DAY, everyone.
We're keeping a close watch on the massive super typhoon that slammed into the Philippines overnight. Just take a look at this view we have from space. These are the video from the ground. There are reports of catastrophic damage. The storm is likely to be one of the strongest ever with sustained winds near 195 miles per hour.
So let's talk more about what this actually and it means for all of us. Let's bring in Dr. Radley Norton, a climate scientist from Columbia University's Earth Institute.
Thank you so much for coming in this morning.
RADLEY NORTON, COLUMBIA UNIVERSITY'S EARTH INSTITUTE: Thank you.
BOLDUAN: What are we talking about? How intense is this? Where does it get this intensity?
NORTON: This is a record-breaking storm in terms of its power, its wind speeds, at impact where it's meeting land. This is right up there about as high as anything we've observed in the record. That means incredibly strong winds, a lot of damage on the ground. It also means storm surge.
Those winds are piling up water on land, and very heavy rain and some mountainous terrain where those rainfall totals can really pile up and leads to dangerous flash flooding. So, we can't underestimate the severity of this storm.
CHRIS CUOMO, CNN ANCHOR: Now, even though the Philippines is used to getting hit by storms, because of the difference in magnitude of this one, what can we expect on the grounded there? And how far do we expect this storm to travel into Vietnam, up into southeast China?
NORTON: Yes. This storm has so much power, there's so much energy spinning that it's not going to dissipate, it's not going to weaken really quickly. As I mentioned earlier, it's passing over regions that are very vulnerable in a lot of ways. There's been deforestation in some of the mountain areas that could cause rain and flooding to happen more quickly than it otherwise would have.
As that storm emerges past the Philippines, it will still be a typhoon. Expect gradual weakening. But there's another landfall coming in a populous area, the southeast mainland of Asia, and look for serious rainfall flooding, especially, in a lot of those areas.
MICHAELA PEREIRA, CNN ANCHOR: You look at that and that is ominous looking. Give us an idea of the conditions that created this. Is climate change the finger we've got to point at?
NORTON: Yes. When you look at any individual storm, we can't link it to climate change. What we can say about this storm is that it's passed over a region within warm waters and very warm waters extending to depth. This is a part of the world where we have that energy source.
NORTON: That warm water is your energy source for those storms. This is a region -- the Philippines gets hit with an average something like eight typhoons or so a year. This one is particularly strong but this region that gets hit a lot.
As we look to the future and try to link this to climate change, there are several things that we should talk about. The clearest sort of connection is related to coastal flooding. It's the idea that sea levels have already risen globally by eight inches or so over the last century. That's due to a 40 percent or so increase in carbon dioxide, other greenhouse gases have gone up, as we put more fossil fuels in the atmosphere.
Now, as you raise the sea levels you're increasing the baseline. You're going to get more frequent coastal flooding. And when the storm comes along, it's going to put that flood, that water, higher up. It's raising the floor.
You're raising the floor of a basketball court, you're going to get more slam dunks in the form of coastal flooding. That is a very clear connection, between climate change and coastal flooding.
BOLDUAN: When you talk about the conditions that are leading to the super storm, does that tell you, could the U.S. ever see something like a super typhoon like this?
NORTON: So in the U.S., we have had storms of comparable intensity. I think it's too early to tell if we've had storms that were quite this strong or not, that people talk about Hurricane Camille back in 1969, very strong winds.
So in terms of how the storms themselves might chance in the future, so, we talk about sea level rises going to do, raising a baseline that makes it much more easy to get coastal flooding. And some research suggests that with just a couple feet of sea level rise this century, which doesn't sound like a lot, many areas could see flooding three times as often, three times as frequent coastal flooding just because you're raising the baseline. That's even if storms themselves don't change at all.
Now, what might happen to storms? That's the next question really. Here the research and jury is out on tropical storms. We talked earlier about a warm source of water. We do expect climate change to warm those upper ocean temperatures more.
But that's not the whole story. What's going to happen to winds in the atmosphere, what's going to happen to at availability of dust, temperatures profiles in the atmosphere? Here it's much less clear whether the changes we see are going to be conducive to more or weaker tropical storms.
But you're raising that sea level, you're going to see more coastal flooding. And for other types of extremes, like heat waves, it's much clear that we're going to see more frequent or intense if the future.
BOLDUAN: And terrifying to see it play out right now over the Philippines. Radley, thank you so much for coming in.
NORTON: Thank you.
CUOMO: Yes, we'll keep following that. If we get any news on, we'll keep you around if you can stay, Radley. The situation changes, we'll ask for your perspective.
One thing is for sure, these hundred-year storms, we seem to be having them like every other year. So, thanks for being here.
BOLDUAN: Yes, not for hundred years.
CUOMO: Other news as well. Mick --
PEREIRA: Yes, let's bring you up to date on the latest news here.
We're going to start with the apology from President Obama. He says he's sorry that Americans are losing health insurance plans that he repeatedly said they could keep under Obamacare but in the interview with NBC, he stopped short of apologizing for making those initial promises. He also said his team was working to close some of the gaps that are causing millions to get cancellation notices.
"60 Minutes" now says it is investigating discrepancies in a contractor's story of what happened during that deadly attack on the U.S. diplomatic outpost in Benghazi. He apparently gave two different accounts of what happened and may not have actually gone to the compound himself to fight off attackers. "60 Minutes" says it wants to know if it was misled.
Museums and family heir staking claims to a treasure trove of artwork looted by the Nazis. Those pieces were discovered this week in an apartment in Germany. They apparently have been hidden there for decades. German prosecutors have so far resisted international calls to publish a complete inventory of those works.
Boston prosecutors want convicted mobster Whitey Bulger put away for life and then some. Court papers show they want to sentence him it two life terms plus five years saying Bulger deserves no mercy. The 84-year-old was convicted in a string of murders and extortions in August after 16 years on the run. Bulger's lawyers have yet to submit their sentencing recommendations. A hearing is set for next week.
Hey, I want you to keep an eye out for this brightly painted cow, maybe on eBay or something like that. Houston investigators are trying to figure out who stole it. Someone swiped the fiberglass bull statue, about 6 feet long, weighs 150 pounds, from a Houston business. It was the company's mascot. Painted kind of brightly, you can probably see it from space.
Employees called the bull thunder. So, now, they say someone literally stole their thunder. Jokes aside, they want their bull back, people.
BOLDUAN: Do not look.
PEREIRA: Don't try to buy it on Craigslist.
BOLDUAN: Don't look in our apartments. Just don't.
PEREIRA: Oh, really?
BOLDUAN: Just kidding.
PEREIRA: Hmm, new artwork to display?
BOLDUAN: You know, when I find the time.
CUOMO: Coming up on NEW DAY: Rob Ford. You know him now. He's the mayor in Toronto. He's had a bad stretch of admissions, smoked crack while he was raging drunk. Now, a new video that seems to be a cry for help. He is threatening to kill someone. Why? We'll take you through it.
BOLDUAN: Also coming up, Twitter is a hit. Investors started buying the moment its stock went public and it's worth an awful lot this morning. But without a profit yet, could Twitter be just another tech bubble?
CUOMO: Why do you have to hate.
BOLDUAN: I'm not hatin'.
PEREIRA: I was just getting down but we're going to talk "Money Time" because that's more important. Let's not see me dance.
Twitter opened with a bang Thursday, surging on the New York Stock Exchange.
Poppy Harlow is here with more.
Actual Twitter users ready to go, right?
POPPY HARLOW, CNN CORRESPONDENT: Yes, some of the Twitter users, how cool they have them ring the bell instead of the executives?
PEREIRA: I like that.
HARLOW: What a day? What -- great for the company and great for people who got in at that initial offering price. I mean, this was a company that was offered at 26 bucks a share, pops to almost $50 in the middle of the day, closes near $45. A huge premium for Twitter. Very different than the Facebook IPO, we should say.
You know, it's interesting to watch this company because an IPO is a bet on the future, right? A bet on the future of how this company is going to do, not on the past. Everyone is talking about they're not even profitable.
And to give you perspective at $45 a share, this values the company at $25 billion.
PEREIRA: More than?
HARLOW: More than Hershey, more than Delta, more than Alcoa, the world's biggest aluminum company. So, to give you a little perspective, people are betting that advertisers are going to buy in huge.
And the amount of data if you think about what they get, it's incredible -- they know what we like, where we are. They collect so much data and that is so useful to advertisers. That's what people that bought into this stock are betting on the future of this company, not the past.
BOLDUAN: Well, I spoke with Randi Zuckerberg yesterday, Mark's sister.
BOLDUAN: And asked her about what she thought about the Twitter IPO. An she said her only advice for everyone in Silicon Valley, they're building something big for the future.
BOLDUAN: That kind of anticipating there could be bumps along the way and dips in the stock. I mean, what are investors -- what are analysts saying long term for this? This doesn't sound sustainable when you're talking about how big they're valuing this right now.
HARLOW: Right. I think that's a great point. I talked to a lot of analysts about this yesterday. And one of them said to me, a lot of people think they know Twitter but do they understand it? Don't just invest a company because you know it and use it every day. Really dig into it, understand the fundamentals, what is the business plan here?
We don't know a lot about the advertising and what exactly their goal is. We know they have a TV strategy. We know they have different goals but what exactly is the advertising plan here? I think that's a really big question.
And just because you know it, and there's a lot of hype, you don't just buy into it right away. You're a buyer.
CUOMO: I'm a buyer and I'm going to be a quick seller. This is one of those stocks that reeks of trader play.
HARLOW: Good point.
CUOMO: And regular people can't play the game that they play. If you watch the curve that Poppy put up, we used the word "betting". It's the right word.
Yes, it gave you a big pop off the IPO price. It's being traded down six points by the end of the day because they're in and out. And these guys love volatility.
HARLOW: There were a lot of day traders.
CUOMO: It's the perfect stock for it. It doesn't have a good story to date in terms of fundamental investors like Warren Buffett.
CUOMO: So it's really high risk.
HARLOW: So I will also tell you, when you look at the company's numbers, I think we might be able to show this to you. So in the first nine months of this year they've lost $134 million. They made $422 million.
Yes, they could take all their profits and put them on paper so that that looks good to investors. What they're doing is spending the money. They're re-investing. They're hiring people, et cetera.
So they do have losses across the board here but there are just so many questions, and a lot of day traders are in this. And the average person couldn't get in at $26.
CUOMO: That's right.
HARLOW: That's all the big banks.
PEREIRA: And the future of Twitter is such question mark. It's social media. What does that mean? The longevity?
BOLDUAN: People are having a hard defining what is the Twitter.
HARLOW: If you have a tough stomach for risk and volatility, jump in. If you don't, this isn't it for you.
BOLDUAN: Thanks, Poppy.
HARLOW: You got it.
BOLDUAN: We'll keep watching it. Volatile market it is. Coming up next on NEW DAY: more trouble for the mayor of the fourth largest city in North America. Rob Ford in an explosive, strange new video. He's talking about murder. What could it mean for his future?
PEREIRA: And one gal is not letting surgery get her down. In the face of what could be a devastating diagnosis, she gets her dance on. It's our must-see moment.
CUOMO: I respect the moves already.
PEREIRA: And one gal is not letting surgery get her down. In the face of what could be a devastating diagnosis, she gets her dance on. It's our "Must-See Moment."
CUOMO: I respect the moves already.
CUOMO: Welcome back to NEW DAY. Toronto's mayor has problems. He's admitted to smoking crack, excused it by saying he tried it because he was really drunk, and seems to think that the issues don't mean that he can't be mayor. This time, there's a video out that doesn't cast the mayor in the greatest light.
And on the heels of these other admissions, the question is, how much longer should he be in office? Should he be somewhere else getting help? "Early Start" anchor, Zoraida Sambolin, is following the story for us.
ZORAIDA SAMBOLIN, CNN CORRESPONDENT: Kind of a crazy story here is if the drama sounding Toronto mayor, Rob Ford, couldn't get any crazier. A newly released video showing the Canadian politician in a drunken rage threatening to kill someone has turned the heat back up. This is surfacing in the wake of Ford admitting to smoking crack cocaine, an act allegedly also caught on camera.
While CNN doesn't know the full context of this latest video, what is clear is the toll this week is taking on Ford's already tarnished reputation.
VOICE OF ROB FORD, TORONTO MAYOR: Cause I'm going to kill that (EXPLETIVE DELETED) guy. I'm telling you it's first degree murder. But I'll fight him. I'll (EXPLETIVE DELETED).
SAMBOLIN (voice-over): Another video, another problem for Toronto mayor, Rob Ford. This time, he's caught on camera in a violent tirade.
FORD: But when he's down, I'll rip his (EXPLETIVE DELETED) throat out. I'll poke his eyes out. I will (EXPLETIVE DELETED) dead. I'll make sure that's (EXPLETIVE DELETED) - SAMBOLIN: This jaw-dropping footage first posted by "The Toronto Star" on Thursday shows Ford making threats toward an unknown person. It's just another blow to the embattled politician's reputation after the shocking confession earlier this week.
FORD: Yes, I have smoked crack cocaine.
UNIDENTIFIED FEMALE: When, sir?
FORD: But no -- do I -- am I an addict? No. Have I tried it? Probably in one of my drunken stupors.
SAMBOLIN: This new video appearing to show a very intoxicated Ford.
FORD: I am sick (EXPLETIVE DELETED), dude. Like no one's going to (EXPLETIVE DELETED) around with me.
SAMBOLIN: Bringing on another public explanation.
FORD: I was very, very inebriated. It's extremely embarrassing. The whole world's going to see it. You know what? I don't have a problem with that, but it is extremely embarrassing.
SAMBOLIN: Reporters pepper Ford with the questions on everybody's mind.
UNIDENTIFIED FEMALE: Is it time to come out and ask for help?
SAMBOLIN: His behavior now raising concern about not only his work but his life.
DR. DREW PINSKY, HOST, HLN'S "DR DREW": I am so fearful that it's going to end with this man's demise. He has a very serious condition. Let's stop luring about the crack. This guy is an advanced alcoholic.
SAMBOLIN: The mayor's sister and mother declared their public support on CP-24.
UNIDENTIFIED FEMALE: Robbie is not a drug addict. I know because I'm a former addict.
UNIDENTIFIED FEMALE: He made a mistake. He's admitted to the mistake, not a nice one, but he's done it. If people want to say that he's ignoring his job at city hall, he isn't.
SAMBOLIN: While Ford defiantly says is he not stepping down, his future is quickly becoming as tumultuous as this video.
ROBYN DOOLITTLE, REPORTER, "THE TORONTO STAR": There's renewed calls that counsel to ask the province to have him removed. It's still quite unlikely. At this point, everything is just changing so fast and there could be more videos out there. There are certainly more revelations coming. It's hard to know how this is going to end.
SAMBOLIN: On Tuesday, Mayor Ford said that he planned on staying in office and even running for another term even after admitting that he smoked crack cocaine. He has not yet commented about his political plans after this particular recent revelation. So, we're waiting to hear more. What we don't know is when that video was actually taken. We don't know if that's months old, years old, not certain about that.
CUOMO: I don't know the legalities in Canada, but one thing we have to remember, life with Mayor Bob Filner out in San Diego, it's not easy to remove someone from office. You know, you have to resign or have a new election, a special election. So, it can be time and process. It comes down to him.
My concern would be, I don't know that this should be covered up there as political scandal. This is a man who has an obvious problem to any observer. And that's really the issue that has to be there. It's not, can we catch you? I think the truth is obvious.
SAMBOLIN: The city council there actually weighed in and what he said was, look, what you need to do is to step away for a while, take a leave of absence, and go into rehab, because this is a very serious personal problem for you.
SAMBOLIN: Yes, exactly.
KATE BOLDUAN, CNN ANCHOR: Thanks, Zoraida.
SAMBOLIN: You're welcome.
PEREIRA: From that to something kind of inspiring. We're going to share our "Must See Moment."
PEREIRA (voice-over): Hardly what you'd expect to see in an operating room moments before a serious operation. But I love what patient, Debra Cohen (ph) did. She felt she needed most before going into -- was a good old dance party. Debra, her family, and her team of doctors get down to Beyonce's "Get Embodied" in a six-minute truly inspirational video worth of its viral status online.
Debra is a doctor herself. She underwent a double mastectomy at (inaudible) hospital in San Francisco on Tuesday. We're told she's doing great. She was actually more nervous about how the dance party would turn out than the operation herself.
PEREIRA: But, the key to this is joyful going into it, takes your mind off of it. And it's love. And Zoraida, I feel like I just --
SAMBOLIN (voice-over): I wish I would have done this.
SAMBOLIN (on-camera): I'm looking at it and thinking that is precisely what you need, right, because it puts you in the right mental state heading into that surgery.
BOLDUAN: Good for her.
CUOMO: And under the category of completely missing the point, the moves were strong.
CUOMO: -- taking on cancer, the positive, that's all great, but the moves, themselves, are strong.
BOLDUAN: Not only dancing, dancing in a hospital room --
PEREIRA (voice-over): Which leaves a little left to be desired in the back.
SAMBOLIN: She rocks it.
BOLDUAN: She's good.
SAMBOLIN: She was prepared.
BOLDUAN: She planned this out. She is a doctor. She knows a hospital room.
SAMBOLIN: I love that. Thank you.
CUOMO: And the best part, the surgery was successful. She's doing well and that is the best news of all.
All right. Let's take a little break on NEW DAY. We're going to keep tracking a massive, historic super typhoon that is hitting the Philippines right now. It struck it overnight. What you're looking at is 300 miles wide, winds faster than anything we have seen in years, maybe in recorded history. We'll track it for you throughout the morning and bring you the latest after the break.
BOLDUAN: And could it be a huge breakthrough in the U.S. relationship with Iran? Talks today could end, could end, with a deal over Iran's nuclear program. Former congresswoman, Jane Harman, will be here to talk about all of that.
JAY CARNEY, WHITE HOUSE PRESS SECRETARY: This would stop Iran's nuclear program from advancing for the first time in a decade.
CUOMO: New this hour. There's word of a deal with Iran to cap its nuclear programs. We have reporting on the likelihood and the impact. Is there reason to believe the U.S. and Iran can work together?
BOLDUAN: Not safe. The FDA calling for all trans-fats to be banned. So, what does this mean for your health and, of course, the price of your favorite foods?
PEREIRA: Under fire. It is the late night video that's gone viral. Parents teasing their children by pretending to eat all of their Halloween candy. Psychologists are now crying foul. Is this damaging our kids?
CUOMO: Your NEW DAY starts right now.
ANNOUNCER: What you need to know --
BARACK OBAMA, PRESIDENT OF THE UNITED STATES: I'm the president. This is my team. If it's not working, it's my job to get it fixed.
ANNOUNCER: What you just have to see --
UNIDENTIFIED MALE: He's on the Mondavia (ph) gravel road.
ANNOUNCER: This is "NEW DAY" with Chris Cuomo, Kate Bolduan, and Michaela Pereira.
CUOMO: Good morning. Welcome back to NEW DAY. It's Friday, November 8th, seven o'clock in the east. Super typhoon Haiyan, that is what is making breaking news. It's blasting the Philippines and not letting up. It's been 16 hours already and the worst has not yet come. Check out the pictures.
The island nation is getting socked by the storm right now, massive in size and strength. What you're looking at is some 300 miles across, about the length of Florida's entire east coast. Easily historic, perhaps, the worst we've ever seen. Again, the worst could be yet to come. How many people? Ten million in this storm's path hanging on in the face of winds gusting -- get this -- 235 miles an hour.