Markets Breathe Easier After Moves of Chinese Central Bank; Trump Fires Attacks at Republican Rivals, FOX News
DONALD TRUMP, (R), PRESIDENTIAL CANDIDATE & CEO, TRUMP ORGANIZATION: You haven't been called. Go back to Univision.</s>ROSEMARY CHURCH, CNN ANCHOR: Donald Trump kicked out one of America's top Hispanic journalists from his new conference but only for a little while.</s>ERROL BARNETT, CNN ANCHOR: Plus, after another rollercoaster day on Wall Street, Asia stock markets may be leveling out.</s>CHURCH: Later, raw sewage spilled into Hawaii's Waikiki beach but is it not stopping people from swimming.</s>BARNETT: Hey, there, everyone. A big welcome to our viewers in the U.S. and around the world. We're your anchor team for the next two hours.</s>CHURCH: And I'm Rosemary Church. Thanks for joining us. This is CNN NEWSROOM. Stock traders are breathing easier in Asia after two big days of losses in the stock markets. China's central bank is trying to help prop them back up, cutting interest rates and reducing the amount of cash banks are required to hold.</s>BARNETT: At this stage, markets have closed in Sydney, Tokyo and Seoul, though you may see fluctuations in numbers as things settle. Gold in positive territory, in green. Yesterday, we saw so much volatility. But after the move by the Chinese Central Bank to help stabilize things in Shanghai, it has calmed the region. Let's take a look. Do we have the numbers out of Shanghai at the moment? There it is. It is positive up around 2.6 percent. Not as much volatility as we saw yesterday, probably because of the moves of the Chinese Central Bank.</s>CHURCH: That is very positive, considering it closed yesterday at 7.6 percent. So good to see. U.S. markets are looking to recover from their six-day losing streak. The Dow Jones Industrial Average spent most of Tuesday in positive territory, up more than 440 points at its peak, but the rally fizzled late in the day with the Dow closing down nearly 205 points.</s>BARNETT: The European markets are hoping to extend their gains when they open next hour. You see on Tuesday, the FTSU was up 3 percent. The Xetra Dax was up nearly 5 percent higher. And the Zurich SMI was up 3.5 percent.</s>CHURCH: Let's go to CNN's Asia-Pacific editor, Andrew Stevens, joining us live from Hong Kong. Andrew, it will be interesting to see what happens on European markets once they open. But overall, how have Asian markets responded to China cutting its key interest rate after two days of turmoil. Is all the positive movement due to that intervention from China?</s>ANDREW STEVENS, CNN ASIA-PACIFIC EDITOR: I think it is. It is helping things and helping sentiment getting away from those massive volatile swings we have seen. Shanghai seems to be holding those gains, which is important. They are not big gains but they are gains. And that is what the central authorities want to see. They want to see positivity coming back into the markets. It is positive throughout Asia. At this stage, though, can't say that this is over, that this is a sign that things are sort of getting restored back to normal. Far too early to say that. But at the moment, certainly positive move -- Rosemary?</s>CHURCH: And, Andrew, Wall Street bucked the upward trend Tuesday. How is it likely to respond when markets open Wednesday given China's intervention here?</s>STEVENS: Extraordinary what happened on Wall Street. Before the open it was pointing to a 600 point gain helped partly by the fact that China came out with these announcements and it closed down 1.3 percent. Gives you an idea of the state of mind of investors. Fear is ruling the minds at the moment. But very, very difficult to tell, to be honest. It will help that China has stabilized at least today and Asia is look better. Europe may come back a bit given it had big gains yesterday. But it's not just China they are worried about. Is it going to raise the interest rates? There is a lot of uncertainty still and that is causing the volatility. Difficult to say what Wall Street will do by the end today.</s>CHURCH: We'll wait for Wall Street to open and what happens on the European markets. Andrew Stevens reporting live from Hong Kong. Thanks to you.</s>STEVENS: Thanks, Rosemary.</s>BARNETT: We turn to U.S. politics. We begin at a press conference at a campaign stop in Iowa that turned into a heated debate between presidential candidate, Donald Trump, and a TV journalist.</s>CHURCH: It started when Jorge Ramos, at the Spanish-language network, Univision, tried to ask a question about immigration policies.</s>TRUMP: Sit down. Sit down. Go ahead.</s>TRUMP: No, you don't. You haven't been called. Go back to Univision. Go ahead.</s>TRUMP: Go ahead.</s>TRUMP: Go ahead.</s>TRUMP: Sit down, please. You weren't called.</s>TRUMP: Go.</s>JORGE RAMOS, REPORTER, UNIVISION: I have the right to ask a question.</s>TRUMP: Yes, in order. Yes, go ahead.</s>BARNETT: Well, that was awkward. As you say there, a security guard escorted Mr. Ramos out of the room. Ramos has been critical of Mr. Trump's comments on immigration. The anchor was allowed to come back to the event to ask his question, which led to this heated exchange.</s>TRUMP: Yes. Good, absolutely. Good. Absolutely. Good to have you back. OK.</s>RAMOS: So here's the -- empty promises.</s>TRUMP: OK.</s>RAMOS: Cannot deport 11 million. You cannot deny citizenship to the children of this country. You cannot --</s>TRUMP: Why do you say that?</s>RAMOS: You cannot do that.</s>TRUMP: A lot of people think --</s>TRUMP: No, no. Excuse me. A lot of people --</s>RAMOS: Here's the -- full of empty promises.</s>TRUMP: OK.</s>RAMOS: You cannot deport 11 million. You cannot deny citizenship to the children of this country. You cannot build --</s>TRUMP: Why do you say that?</s>RAMOS: You cannot do that.</s>TRUMP: A lot of people think --</s>TRUMP: No, no. Excuse me. A lot of people --</s>TRUMP: No, no. I build buildings that are 95 -- can I tell you what is more complicated is building a building that is 95 stories tall. OK?</s>RAMOS: You say --</s>TRUMP: I think so. I'm going to bring jobs back.</s>RAMOS: I've seen the polls. The Univision --</s>TRUMP: How much am I suing Univision right now?</s>TRUMP: No, no, no. Tell me, do you know the number.</s>TRUMP: No, no, no. Tell me. Tell me.</s>TRUMP: Do you know the number because you are a part of the lawsuit. How much am I suing Univision for?</s>RAMOS: The question is --</s>TRUMP: Wait, wait. It's $500 million.</s>RAMOS: I'm a reporter.</s>TRUMP: And they are very concerned about it, I have to tell you. I'm very good at this stuff.</s>TRUMP: Yeah, go ahead.</s>RAMOS: You are losing --</s>TRUMP: I don't think I will.</s>CHURCH: As we mentioned, Ramos has been trying for months to get an interview with Donald Trump. After the event, he talked with his network Univision and Ramos called it a first.</s>RAMOS (through translation): Never in my life anywhere in the world have I been ejected from a press conference or an interview. This is a first time in the U.S. and with a presidential candidate. One would think if he is doing this to me, a U.S. citizen and a journalist, what can happen to other immigrants in this country who have not had the luck that I have had. Nothing, never, anywhere in the world has something like this happened to me.</s>BARNETT: One thing to keep in mind is Trump's brash attitude with the media, it hasn't hurt his standing in the polls at all. That's why he has the nickname of the Teflon Don. He just keeps firing back at those who oppose him. CNN political reporter, Sarah Murray, has more on that.</s>SARAH MURRAY, CNN POLITICAL REPORTER (voice-over): The GOP front runner today battling with Jeb Bush, calling him a mess over his defense of the term "anchor babies." Trump furiously tweeting, "A clumsy move to get out of his anchor babies dilemma, adding, "Asians are offended that Jeb said that anchor babies applies to them." But on the trail today Bush striking back, needling Trump as a candidate full of fury but lacking in substance.</s>JEB BUSH, (R), PRESIDENTIAL CANDIDATE & FORMER FLORIDA GOVERNOR: There's a lot of good talkers running for president --</s>BUSH: Look, talking is good. It's important to be able to communicate. I got that. But I think it's more important to solve problems.</s>MURRAY: The latest exchange, a signal of how the battle is coming down to a war of words between the two top candidates. But Bush wasn't Trump's only target. Last night, he bashed President Obama's plans to host a state dinner for the president of China say for he was in the White House --</s>TRUMP: I would not be throwing him a dinner I would give him a McDonald's hamburger, we'll give him a state dinner and he has sucked all of our jobs --</s>MURRAY: Even refusing to rule out a trade war with the world's second-largest economy.</s>TRUMP: You have to do that and bring it back to normal. You have no choice.</s>MURRAY: Trump rounding out the takedowns by reuniting his grudge against Megyn Kelly, re-tweeting, "Someone who called him a bimbo," and saying, "I liked the 'Kelly File' much better without Megyn Kelly. Perhaps she could take another 11 day unscheduled vacation." FOX News CEO Roger Ailes, calling on Trump to apologize today, saying, "Donald Trump surprised and unprovoked attack on Megyn Kelly during her show last night is as unacceptable as it is disturbing." (on camera): Donald Trump continued on the war path on Tuesday night in Iowa, going after Jeb Bush, going after Marco Rubio, even going after Secretary of State John Kerry. Sarah Murray, CNN, Iowa.</s>CHURCH: Earlier, I spoke with Republican strategist and founder of NewRepublican.org, Alex Castellanos, about why Donald Trump continues to dominate the polls.</s>ALEX CASTELLANOS, REPUBLICAN STRATEGIST, FOUNDER, NEWREPUBLICAN.ORG: The reasons Republicans are turning to Donald Trump is his strength, which is also the scary side of Donald Trump, his kind of craving for power. Americans and Republicans think their country is falling apart and in decline. They want someone who is equal to our fears, someone big, and that's Donald Trump. So I think, you know, that's what you saw tonight. He's not taking any guff from any news media type, like Ramos. He is telling you what he's going to do. He's a political strongman. When countries are desperate, they turn to the political strongman. I don't think that's a good thing.</s>BARNETT: I do think it's interesting many Republican commentators try to differentiate between Trump supporters and the regular Republican voters. Trump characterizes his supporters as the silent majority, a new Richard Nixon used back in the '60s and '70s in reference to those opposed to the massive counter-culture movement. Do you think Trump supporters are a silent majority? Who is this wing of the Republican Party?</s>CASTELLANOS: I think it's a very pessimistic, anxious group. It's older, whiter, more male. And it's frustrated. It's not only frustrated at the governing elite. They think they are losing their country, and the governing elite is not doing anything about it. They think it's a dangerous moment. If they don't act now, as Trump said, we may lose the country we love. It's not a majority in the Republican Party. This may be the summer of Trump, but we vote in the winter.</s>BARNETT: Alex Castellanos speaking with me earlier. He also compared Trump to a unicorn, a kind of politician we haven't seen before. Next hour, you will hear more of my conversation with him.</s>CHURCH: Two NATO servicemembers have been killed in Afghanistan. NATO says they were shot by two men wearing Afghan military uniforms who opened fire on their vehicle at a compound in Helmand Province.</s>BARNETT: Coalition servicemembers returned fire, killing the attackers. Afghan and NATO officials say they are reviewing this incident.</s>CHURCH: We'll take a short break here. But still to come, attack on a high-speed train. We are learning more about that desperate struggle last week in which passengers overwhelmed a heavily armed gunman. That's still to come.