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Israel, Hamas Renew Ceasefire Pledge After Deadly Attacks; Kushner Explains How Israel-Hamas Deal Came Together; Multiple Online Services Hit by Major Tech Outage; U.S. Strikes 7th Civilian Boat in the Caribbean; Manchester United Stun Liverpool at Anfield with 2-1 Win. Aired 9-10a ET
Aired October 20, 2025 - 09:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[09:00:00]
(COMMERCIAL BREAK)
BECKY ANDERSON, CNN HOST, CONNECT THE WORLD: Well, this is the scene in Khan Yunis in Gaza, where the ceasefire is holding as we await yet another
high-level visit to the region by a U.S. delegation. It's 04:00 p.m. on the ground in Gaza, it is 05:00 p.m. here in Abu Dhabi.
I'm Becky Anderson, this is "Connect the World". So, happening this hour, well, the world getting back online after a global internet outage. You may
have felt the impact if you tried to order on Amazon or post on social media or even access your bank account. Police in France scrambling to find
priceless historic jewels after a smash and grab heist in broad daylight.
And the U.S. Secretary of Defense is calling narco-traffickers the al-Qaeda of the Western Hemisphere as he releases footage of the latest U.S. strike
on a boat operating off the coast of South America. Well, the stock market in New York opens about 30 minutes from now, futures indicating a positive
start the trading week.
It's a big earnings week to come watch this space. We will be back in New York for the opening bell half an hour from now. As we start this hour, the
tenuous truce between Hamas and Israel is holding, and aid is working its way into Gaza. There is still fear in the enclave, though, after each side
accused the other of violating the truce.
Israel says two of its soldiers were killed in a Hamas attack on Sunday. The IDF responded with a series of strikes that killed at least 44 people,
according to Gaza health officials. Hamas' armed wing denies violating the ceasefire. And we've just learned that two key Americans involved in
brokering the truce.
Special Envoy Steve Witkoff and President Donald Trump's son in law, Jared Kushner, are today back in Israel. Jeremy Diamond here with more on what is
happening right now, Jeremy.
JEREMY DIAMOND, CNN JERUSALEM CORRESPONDENT: Well Becky, the ceasefire is holding despite the fact that we saw a day yesterday that could have seen
this collapse altogether. The Israeli military carried out a series of airstrikes in Gaza yesterday after it said that Hamas killed two of its
soldiers in an attack in the southern part of the Gaza Strip.
Following that alleged attack, at least 45 people were killed across the Gaza Strip as the Israeli military unleashed a series of airstrikes in
southern, central and Northern Gaza. The Israeli military says that they went after an underground tunnel route in Gaza and struck at least 15
targets in Southern Gaza alone.
These strikes came after the Israeli Prime Minister held a security consultation with his security team yesterday and vowed to exact a quote
heavy price against Hamas for what Israeli officials were terming a blatant violation of this ceasefire agreement.
Now, in terms of that attack that killed two Israeli soldiers on Sunday morning in the southern part of the Gaza Strip. An Israeli military
official told me that it was RPG fire and sniper fire that was directed at Israeli troops who were behind that yellow line from which Israeli troops
have withdrawn to.
They say that two soldiers were killed, one was severely wounded in this attack, which, again, the Israelis say Hamas was responsible for. Hamas,
for its part, denied any knowledge of this attack, saying that they were committed to this ceasefire. The Al Qassam brigades, Hamas' military wing,
said that they had no knowledge of any incidents in the Rafah area, and said that their communication had been cut off with their fighters there.
We also saw the Israeli Prime Minister initially order a halt to all aid flows into the Gaza Strip, but then quickly reversed that decision, it
would seem, saying that the aid deliveries would resume as soon as those strikes were over. And so today, we are now in a place where those Israeli
strikes have now stopped.
We are seeing the flow of aid resuming into the Gaza Strip again, and Hamas seems prepared to release the body of yet another deceased hostage. In the
coming hours or days, it appears that they have located another body of a deceased hostage, and so for now, the situation is calm once again, Becky.
We do know that Jared Kushner, President Trump's son in law, and Steve Witkoff, his special envoy, are on their way to Israel to engage in
meetings, obviously trying to hold this fragile ceasefire together, but also to begin talking about those next steps, Becky.
ANDERSON: That's right, a high-level U.S. delegation will be in region in the coming hours, as you say, expected to include Jared Kushner, who gave
some insight behind the scenes on the ceasefire to CBS over the weekend. Have a listen.
(BEGIN VIDEO CLIP)
JARED KUSHNER, SENIOR ADVISER TO THE PRESIDENT: We wanted the hostages to come out. We wanted a real ceasefire that both sides would respect. We
needed a way to bring humanitarian aid into the people, and then we had to write all these complex words to deal with the 50 years of stupid word
games that everyone that region is so used to playing.
(END VIDEO CLIP)
[09:05:00]
ANDERSON: Well, that's Jared Kushner over the weekend. What more are we learning, Jeremy, about the process? And what we might expect from this
visit?
DIAMOND: Well, we know that there are a lot of steps that need to happen in order for this negotiation to move forward. I mean everything from Hamas'
you know, transfer of power to this international security force, the Israelis ceding territory to that force as well and preparing for an
ultimate Israeli withdrawal from Gaza.
There is no timeline on any of this. There are no details on any of this. And frankly, a lot of the focus right now seems to be on holding this
ceasefire together at this point. As we've seen over the course of the last week, you know, the Israelis being upset at the slow pace of delivery of
the remains of deceased hostages.
Hamas claiming that Israel has not yet opened the Rafah crossing and should have done so by now and then, of course, yesterday, the most serious tests
of this ceasefire coming with this exchange of fire, the killing of two Israeli soldiers and this wave of Israeli airstrikes in Gaza.
So, you can be sure that they will be focused on the short term right now and making sure that this ceasefire actually stays in place. But then there
is all this work to be done about those next steps, and those negotiations and discussions are sure to happen this week as well, Becky.
ANDERSON: Good to have you, Jeremy, thank you very much indeed. Well, the U.N.'s Emergency Relief Coordinator has posted a series of videos showing
Gaza after the ceasefire. Tom Fletcher essentially vlogged through the enclave over the weekend, taking us on a drive from Gaza City to Khan
Yunis.
His video captures the utter devastation on either side of the road after two years of conflict. Fletcher made it to a hospital in Gaza City. He says
the enclave's health crisis is not going away, with medical staff treating even more people for injuries and malnutrition than they did before the
ceasefire.
Doctors at this busy hospital say medicines and supplies are urgently needed. And Fletcher says the delivery of food is being ramped up with
300,000 loaves of bread being made daily, and aid groups aiming to churn out a million meals each day. We are learning -- working to learn more
about his trip into Gaza what obstacles he and his team have faced, and what that says about the wider issue of access.
And we've also invited Tom onto the show, and we do hope to speak to him in the hours and days ahead. Well, services should be back to normal now for
millions of people after a massive tech outage impacted hundreds of popular websites, streaming platforms and gaming sites earlier today.
At the center of the outage Amazon Web Services, or AWS, the major provider of cloud services for a number of companies, it says the problem that
caused the outage has been, and I quote them here, fully mitigated, but warns there may still be delays. Well for more, let's get you to Todd
Bishop, the Co-founder of Geekwire, which is a top technology news site.
It's good to have you Todd at this early stage. What do we know about what went wrong?
TODD BISHOP, CO-FOUNDER OF GEEKWIRE: Good morning, Becky. We know that this was a disconnect, effectively, between the database in one of Amazon's most
important regions, arguably its most important region, and essentially think of it like the internet's phone book having a hard time looking up
the number of the websites that use this database to store key information about their customers, about their services.
And that disconnect caused basically a who's who of the internet to disconnect from the internet. You're talking Facebook, Snapchat, Coinbase,
Venmo, Robin Hood. I mean, the list goes on and on, and it really illustrates just the vital nature for better and worse that Amazon Web
Services plays in our modern world.
ANDERSON: So yeah, so how would you describe the scale of this?
BISHOP: You know, this has happened before, and there have been bigger versions of this in the past. I would describe this in the sense of an
earthquake, you know, this was effectively, I'd say, maybe a 3.0 magnitude or 4.0 magnitude earthquake, sort of a reminder for these services that
rely on AWS that they really need to do better to shore up their infrastructure, to have the kind of redundancy that will prevent them from
being reliant on AWS for when the big one happens.
This was not the big one. You know, it happened early in the morning in the U.S. Obviously, European sites and services and users were much more
impacted and elsewhere around the world, but the fact that it started a little bit about, you know, after midnight Pacific was probably a good
thing.
ANDERSON: And is it clear at this point whether this was a malicious attack or whether this was something behind the scenes, you know, a mistake made
by, I don't know one of the coders or something? Is that clear at this point?
[09:10:00]
BISHOP: It appears, at least at this point, that this was not malicious, that this was some kind of configuration problem, perhaps a mistake made by
an employee, that's happened in the past, but this does not appear to be any kind of cyber-attack or other issue with external forces coming in to
cause this issue.
ANDERSON: Right. To your last point, why are all these sites connected through what's known as AWS? I mean, the user experience seems separate,
but they are obviously connected on the back end. Why isn't that? I mean, that doesn't that leave them vulnerable to this kind of widespread issue,
which, going forward, frankly, could be malicious, correct?
BISHOP: There are tons of benefits that cloud service providers like Amazon, Microsoft and Google and others provide in terms of security
overall, the kind of scale that these companies need to operate their services cost. It can be much more affordable than running your own data
center.
So, we've seen these companies shift and really adopt the cloud over the past decade as a way to operate their services at a global scale. This is
one of the downsides we see it here today, and what it really speaks to is the need for all of these sites and apps to double down on the kind of
redundancy and the kind of safeguards that will really prevent them from being dependent on AWS as a single point of failure.
ANDERSON: People will be wondering, I'm sure, about a worst-case scenario, even when things come back online relatively quickly, people will ask
themselves about what you mentioned just earlier, the big one. And what could the big one look like?
BISHOP: Well, the big one could look like vital services being down around the world, we got just a little bit of a taste of this this morning at
LaGuardia in New York, where there were long lines for the kiosks, according to "The New York Times". And so, this then gives you a sense for
the kinds of things that could become exacerbated.
We've seen this in the past with operating system issues, and this is the kind of infrastructure that the world is really relying on, and it can have
devastating impact if it's at a larger scale.
ANDERSON: It's good to have you, sir. Thank you very much indeed for joining us. It's early where you are. Very much appreciate your time. I'm
sure you've been up, I'm assuming through the night. This is your file, your space. We appreciate your insight and analysis. Thank you very much
indeed.
Early doors there in California, let's get you to France. Now in the French capital, the Louvre remains closed to visitors today after a stunning jewel
heist on Sunday. Now investigators are trying to find the missing artifacts and the robbers who got in and out of an upper gallery where the jewels
were kept in just seven minutes.
CNN's Melissa Bell has the very latest on what happened the investigation out of Paris. Melissa remarkable stuff. I mean, you, of course, this is the
sort of thing that movies are made out of. What have police learned in the past 24 hours?
MELISSA BELL, CNN SENIOR INTERNATIONAL CORRESPONDENT: It is, Becky, the stuff that movies are made out of, but take out these crucial ingredients,
and that is the kind of high tech, sophisticated sort of equipment you might imagine that was necessary to get into the world's most visited
museum on a Sunday morning when it was packed with people and open and in fact, not at all.
One of the most remarkable things about this story, I think, is the fact that they used this ladder with a mechanical -- this truck with a
mechanical ladder, and then an angle driver to smash their way through a window and into the display cases, grabbing the jewelry and then making
their way back down the key of the Seine.
For now, the men and we understand there are four suspects that authorities are looking for. They remain at large and subject to this manhunt, with
authorities saying, Becky, that it really is those 45 -- those 20, those first two days, 48 hours, that are crucial in establishing where they are,
because it is when they say they're at their most vulnerable.
No sign of them. Yet, one piece of jewelry was recovered, and that was the crown of a Princess Eugenie, the wife of Napoleon, the third. Eight other
pieces of inestimable value from cultural heritage historical points of view, these were, after all, the brooches, earrings, necklaces, tiaras worn
by the queens of France in the 19th century, Becky.
The question now, where those pieces of jewelry are we were speaking a little while ago to a French Senator who believes they may not even be in
the country yet. This is what she had to say.
(BEGIN VIDEO CLIP)
NATHALIE GOULET, FRENCH SENATE MEMBER: I think that it's a sponsor, and the things has been organized. The jewelry will be cut up or butchered and
sold. I don't think anything else.
[09:15:00]
I think that the moral of the French people is going to be totally broken by this new episode from a very, very bad Netflix film.
(END VIDEO CLIP)
BELL: So, the morale there of the French, certainly when you look at the French press this morning, Becky, a lot of questions about how this could
have happened, the sort of humiliation that represents the security lapses that clearly allowed it to happen. And again, so many questions about who
these criminals are, how these very well-organized criminals could have got in on a Sunday morning and stolen what they did.
So many questions he had, very few answers. And the clock is, of course, ticking as investigators fail so far to come up with terribly much, Becky.
ANDERSON: Yeah, remarkable stuff. Melissa, always good to have you. Thank you very much indeed. Melissa Bell is in Paris. You are with "Connect the
World" with me Becky Anderson in Abu Dhabi. Coming up for U.S. President Donald Trump ramping up operations targeting alleged drug traffickers in
South America, this time targeting Colombians.
Plus, millions of Americans protested policies of U.S. President Trump over the weekend, by far the largest turnout of his second term. Analysis on
that is after this.
(COMMERCIAL BREAK)
ANDERSON: Well, I'm Becky Anderson for you. 17 minutes past 5 here in Abu Dhabi. The United States has carried out its seventh lethal strike on a
civilian boat in the Caribbean allegedly involved in drug trafficking. Now, Defense Secretary Pete Hegseth says the boat was affiliated with a
Colombian terrorist organization, but the administration has been providing very scant evidence.
It has to be said to back up these claims, these killings are without due process. And it is worth pointing out that war powers lie with Congress in
the United States, something President Trump does seem to be completely ignoring. Well, these strikes come amid a large-scale buildup of U.S.
military assets in the region.
CNN's Alayna Treene is at the White House. Just explain what's going on here. What's the end game here with this military buildup in the first
instance? And how is the president justifying these actions?
ALAYNA TREENE, CNN WHITE HOUSE REPORTER: Well, I think you made one of the biggest points that's important to note here, Becky, which is that we
actually know very little about some of these operations. Yes, the Trump Administration has announced when they have carried out some of these
lethal strikes.
I should note that dozens of people now have been killed in these strikes aimed at boats traveling off the coast of Venezuela. We know little about
where these boats were coming from. We know at least one of them was coming from Colombia. But otherwise, we have not been given really any firm
details on this.
And a lot of people in Congress and lawmakers haven't been given that either, something that the Trump Administration has been pressed on
repeatedly, including by reporters like myself.
[09:20:00]
But to get into what's going on between the president and Colombia, that has really escalated over the last 24 hours. The president and the
Colombian President Gustavo Petro are really exchanging a very intense war of words that has now resulted in President Donald Trump, saying that he is
going to impose tariffs on Colombia he said he would announce the details of that today.
We don't really know the percentage of that yet, until we get that announcement. And he also said he's going to halt all aid going to
Colombia, which is very notable, given Bogota is really one of Washington's top recipients of aid in all of Latin America. And just to point something
out, you mentioned this, but the president has now called Petro, the Colombian President, a quote, illegal drug dealer.
Hegseth, the Defense Secretary has said that U.S. forces had attacked this vessel that he argued was tied to a terrorist organization or a rebel
group. But then we heard Petro accuse the Trump Administration of essentially murdering an innocent fisherman. He said that one of the boats
in question here that the Trump Administration had issued a strike on belonged to a, quote, humble family, not a rebel group.
So again, all of this has escalated to really new heights. And it's unclear where this is heading from here, to answer one of your other questions,
Becky, about what is the end goal. And we have heard repeatedly, and I've been told this in my conversations with people at the White House that they
want to stop illicit and illegal drugs coming into United States, specifically fentanyl.
But again, they are arguing that all of these different boats they have struck were carrying illegal and illicit drugs. No, very little evidence,
though, that they have shown to prove that. And one other thing, just in the broader context of this is with specifically relation to Colombia, is
that this isn't the first time we've seen President Donald Trump and Petro clash.
Just days after Trump was sworn into office for his second term, we saw major escalation between the two countries. We saw Trump threatening to
impose really high tariffs on Colombia after Petro had moved to block a military aircraft from carrying migrants who are being deported to
Colombia.
All to say, very much unclear where this comes from here. We're standing by to see what this tariff announcement could look like, but it looks like
there is no sign of this deescalating anytime soon.
ANDERSON: Yeah, absolutely. It's good to have you. Thank you very much indeed. You are banging up to date there from the White House, folks. Well,
President Trump has also recently authorized the CIA to operate in Venezuela, and is even weighing military action inside the country as part
of its pressure campaign against President Nicolas Maduro.
Some Republicans speaking out. Take a listen to the Kentucky Senator Rand Paul on "Meet the Press" yesterday.
(BEGIN VIDEO CLIP)
SEN. RAND PAUL (R-KY): They go against all of our tradition. You know, when you kill someone, you should know if you're not in at war, not in a
declared war, you really need to know someone's name, at least you have to accuse them of something. You have to present evidence.
So, all these people have been blown up without us knowing their name, without any evidence of a crime.
(END VIDEO CLIP)
ANDERSON: Well, the senator went on to make the case for congressional approval if the U.S. is to carry out these strikes, which he says he is not
in favor of. We've got a full write up on U.S. posturing around Venezuela. Dozens of air and naval assets have been deployed to the region.
You can head to CNN Digital or get to the app to find out, more on that. Well, let's get you up to speed on some of the other stories that are on
our radar right now, folks and at least two people are dead after a cargo plane slid off a runway and into the sea at Hong Kong International
Airport.
These are the images, officials say the victims were airport security workers, whose patrol vehicle plunged into the water along with the plane
when it veered off course while landing. Four crew members on the plane were taken to hospital for treatment. London police say they are looking
into allegations that Prince Andrew tried to enlist a police officer for a smear campaign.
A male on Sunday reported that in 2011, the prince was looking for damaging information on sexual assault accused of Virginia Giuffre, a victim of
Jeffrey Epstein who died by suicide earlier this year. Prince Andrew denies that accusation. Well, nearly 7 million Americans spent part of their
weekend protesting U.S. President Trump at more than 2700 no kings' rallies, as they are known in cities.
Big and small people turn out to protest what they see as President Trump's authoritarian agenda, along with mass immigration raids and National Guard
troops deployed on democratic led cities. Well, Mr. Trump responded with what he thought of the protests and the millions who took part by sharing
this AI generated video.
It shows the president in a fighter jet, wearing a crown, then dropping something brown on American protesters.
[09:25:00]
Our Stephen Collinson writes this about the video, quote, it was a clever political trick. MAGA supporters can blast anyone who takes offense to the
posts as lacking a sense of humor and being prim. The posts also trivialize protesters' gravely serious claims that America is witnessing a wannabe
autocrat.
And for more on his analysis, Stephen will join us now. Stephen, it's good to have you. You argue that the Trump Administration's response to these
protests shows a contempt for the values that protesters are trying to protect. Here's how Donald Trump explains it. Have a listen.
(BEGIN VIDEO CLIP)
DONALD TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA: I think it's a joke. I looked at the people, they're not representative of this country,
and I looked at all the brand-new signs paid for, I guess it was made for by Soros and other radical left lunatics. It looks like it was.
We're checking it out. The demonstrations were very small, very ineffective, and the people were whacked out. When you look at those
people, those are not representative of the people of our country.
UNIDENTIFIED FEMALE: Mr. President besides San Francisco --
TRUMP: I'm not a king. I'm not a king.
(END VIDEO CLIP)
ANDERSON: All right, Trump supporter might argue these people on the streets are overreacting. But it is still a free country, of course, in
which they are, Stephen, allowed to overreact, as it were, in inverted commas, correct?
STEPHEN COLLINSON, CNN POLITICS SENIOR REPORTER: Yeah. And I think the question is going to become, going forward, whether these demonstrations
are a hint of what could take place if Trump continues on the present course. Are they a sign that more and more Americans are turning against
them?
And also, is Trump's dismissal of all this basically saying that these people are a very minor factor in society. He's playing into the long term
MAGA trope that people who don't support Trump are in some way not real Americans. Is that a sign of growing hubris from the administration, the
fact that they're in this right-wing media bubble?
And they're not necessarily conscious of the political situation that's often the case in a lesser extent for all presidents as they head towards
the first midterm elections of their term. So that's something that's interesting to watch. But in some senses, Trump his entire presidency is
one endless troll of liberals and the media and people who don't agree with him.
And by arguing that these demonstrations are small and insignificant, he's doing what he's always done, and it's been quite successful. He, after all,
argued that the 2020 election was stolen, that it was fraudulent and it wasn't, yet he was able to convince millions of people that was the case.
So, he has a mastery of the rhetorical elements of the presidency. So, I don't think we should dismiss how he's reacted to these protests.
ANDERSON: You do go on to point out, quote, while many of Trump's supporters back tough guy policies like expanding Immigration and Customs
Enforcement raids and extrajudicial executions have claimed drug traffickers on the high seas. Many other Americans don't.
And I just want to talk to you about two points there. Firstly, these alleged extra judicial executions, the tensions with Venezuela and
Colombia, you know, these are dramatic, and they're very, very public. And I wonder what your sense is about, why Donald Trump is approaching this
particular issue with such a heavy hand.
In other instances, of course, he's calling for peace. He's long been a critic of violent interventions abroad. What's your sense?
COLLINSON: I think part of it is because it makes him look tough throughout his presidential election campaigns. For example, he has praised China for
the way it deals with drug traffickers quickly executing them. He wants that reputation for himself. This also, of course, plays into the border
issue that is the most politically resonant issue that he's found among his supporters.
He goes back to it time and time again when he is in trouble politically. Every American, after all, probably would like cracking down on drugs
trafficking. But the question is, first of all, is this actually effective in stopping fentanyl coming into the United States, most of which comes
across land borders, some of which is trafficked by Americans.
And whether it's legal, you played the comments by Rand Paul, the Kentucky Senator there. He is a libertarian. He's a long-term critic of government
action overseas without Congress' sign off under both parties. So, he's not representative nationally of all Republican opinion.
ANDERSON: Yeah.
COLLINSON: But he is making the right points about the constitution and the law.
ANDERSON: Got it. It's always good to have you, Stephen.
[09:30:00]
Thank you very much in. It is Monday. The bell on Wall Street about to ring any second now, kicking off what will be a very closely watched week on
Wall Street. Of course, these markets are coming off days of volatility, but back end of last week didn't look bad as far as the equity markets are
concerned.
The futures were indicating a higher open today. So, what does all of this mean for your money? Well, that is just ahead.
(COMMERCIAL BREAK)
ANDERSON: Welcome back. I'm Becky Anderson in Abu Dhabi. You are watching "Connect the World", and we are keeping a close eye on Wall Street, the
bell is just rung to the beginning of the trading day, of course, and the first day of the trading week. And that follows quite some volatility last
week, amid renewed trade tensions with China.
Investors eyeing several key earnings reports due out this week as well, including Tesla. And the Consumer Price Index report, a closely watched
inflation gages due out on Friday, after what will be a nine-day delay. Of course, all of this comes as the markets enter what is now their third week
of a government shutdown.
These are the live markets for you on Monday. And we are out the gate and in positive territory again. We're joined by Martha Gimbel. She's Executive
Director of The Budget Lab at Yale. It's good to have you. Thank you. Some news our viewers, I think, should be able to use from you today.
Markets, certainly stock markets, are around record highs. They -- we have witnessed some major swings, not least last week off the back of renewed
tension between the U.S. and China, slightly, sort of sorted out the back end of the week by a rather positive post by Donald Trump, sort of turning
the gage up and down, as it were on these trade tensions.
What do you make of how important the U.S.-China story will be in this the fourth quarter of the year?
MARTHA GIMBEL, EXECUTIVE DIRECTOR OF THE BUDGET LAB AT YALE: I mean, I think obviously we're all waiting to see how a lot of these trade tensions
with China shake out. I do think you're seeing investors kind of hyper focus on specific parts of the conversation, and not taking a step back and
looking at the overall outlook here.
So, you know, things are bad with China, we go down. Things are good with China, we go up.
[09:35:00]
You know, overall, we have an economy that is facing a lot of uncertainty. You're starting to see cracks showing in different parts of the debt
market. You're seeing that a lot of the growth in equities is being driven by companies that have negative earnings, which is a little weird.
And so, in a lot of ways, it feels like equity markets are too focused on what's happening day to day, and aren't taking a big step back and looking
at the macro picture.
ANDERSON: Yeah, and that little weird comment from you is one that sort of resonates with me and many people who've been watching these markets for
years, because it literally is just a bit weird out there. We see these stock markets continue to reach record eyes the gold price, which is
normally a hedge against, you know, sort of awful volatility and sort of downward spirals on equity markets also higher.
So, it's a really odd time. Let's focus on some of the earnings, because there is some, you know, some -- you know, substantive information to be
released this week. What do you think? What are you watching for in those earnings reports that might give us an indication about what the third
quarter looked like and what the fourth quarter may bring for these companies?
GIMBEL: So, you know, obviously, I'm hoping to see positive earnings. You know that we're still trucking ahead. I do want to emphasize that earnings
are not the only thing that's coming out this week. We're getting the CPI inflation data. And it's interesting to me, right, that we're coming into
this week, it seems like people are feeling kind of okay when the back half of the week.
We are likely to see an inflation report that comes in hot and that has a lot of implications for how the fed is thinking about things, indications
of a slowing economy while inflation is taking up again. That is not good for business, particularly for businesses who are hoping to see rate cuts
from the fed.
And I think just pulling back, it goes back to your comment about weird that it's a little bit odd that people seem to be feeling OK, going into
this week that is likely to conclude with a hot inflation report.
ANDERSON: Listen, and it's important to note that data ranging from import prices to retail sales to jobless claims are likely to remain missing from
the calendar amid this continued government shutdown. Do you think this missing data is clouding the kind of wider picture then here?
You seem to be convinced that, were we to have had this data, these markets might be performing slightly differently, correct?
GIMBEL: Well, I don't know if they'd be performing slightly differently, because I think so much of what's going on in the market seems a bit
disconnected from fundamentals on the ground.
ANDERSON: Yeah.
GIMBEL: I do think, you know, the current economic outlook is quite cloudy, and it's very weird. And you know, currently, economists are very reliant
on, for instance, private sector data about how the labor market is doing, but different private sector data sets are telling us different things,
certainly, the economy and the labor market slowing down by how much?
How worried should we be? We have no idea. And so, we're really at this pivotal time in the economy. And we're all kind of flying blind, and that
shouldn't be making any of us feel better.
ANDERSON: Absolutely, it's good to have you. Thank you very much indeed. We do try to focus on news you can use on this show. And I do want to draw
your attention viewers to an article on our subscription site that is the very definition of this. If you are watching these markets, and for
example, your retirement account and wondering what you can do next, do head to CNN Digital.
This article, markets are volatile. Here's what to do with your money. Just went up last hour, and may be useful for you, if you are slightly confused
by, as we've described this, or our last guest described this, these very weird markets. We will be right back.
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[09:40:00]
ANDERSON: Well, there is never a dull moment when Liverpool play Man U and when they met at Anfield on Sunday, it was certainly no exception. Harry
Maguire's 84th minute header proved to be the decisive blow, handing United a rare win at Anfield. Coy Wire joining me now, this one was worth
watching, Coy.
COY WIRE, CNN SPORTS ANCHOR AND CORRESPONDENT: Yes. Also worth watching your outfit today. That's a stunner. I need to get me one of those. I don't
know if I can pull it off like you Becky.
ANDERSON: Oh, thank you.
WIRE: Looks awesome. Also, awesome --
ANDERSON: -- I thought you say also worth watching Tottenham, who --
WIRE: No -- United awesome rivalry, right? And Liverpool, defending champs, they go out spend half a billion dollars. It looks like they're not getting
a return on their money they were expecting. And on the other hand, Man United, they've been on hard times for quite some time, but they go and get
their first win at Anfield in nearly a decade.
We'll show the highlights, and we'll talk to someone who was there to get to some perspective about what it was like and what may be next for
Liverpool?
ANDERSON: Yeah, absolutely good stuff. Coy, thank you. That was a lovely thing to --
WIRE: Thank you.
ANDERSON: Appreciate it. I'll be back top of the hour. Coy is back with "World Sport" straight after this.
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[09:45:00]
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