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Quest Means Business
FIFA Elects Infantino As President; Christie Endorses Trump for President; Deadly Shooting in Kanaas "Not Terrorism"; Crowds Gather in Baghdad for Anti-ISIS March; High Turnout in Critical Iranian Election; Job Losses in UAE's Oil Sector; Syrian Cease-fire Due to Start Soon; Syria Cease-Fire Due to Begin in Under 30 Minutes; Apple's Lawyer Warns of Police State; Apple: FBI's Demand is Unconstitutional; Fit Men Seen as Better Leaders
Aired February 26, 2016 - 16:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[16:00:00]
RICHARD QUEST, HOST: A middling sort of day on Wall Street, the Dow is up in the morning. It fell in the afternoon. The losses have been pared back
in late trading. And now for the gavel, to end the week. Oh, give us the gavel. That's a robust gavel. To end trading for a long week on Friday,
February the 26th.
(BEGIN VIDEO CLIP)
QUEST: FIFA tries to put its scandals behind it with a new President and a promise to change its ways. We will have the details of what those changes
are. The Trump train gains momentum. Chris Christie climbs aboard. And it's brains versus brawn in the office and muscle has won. Show us what you've
got.
(END VIDEO CLIP)
QUEST: I'm Richard Quest. Friday. And of course, I still mean business.
Good evening. Tonight, Donald Trump has made a friend out of a former rival. He secured the endorsement of New Jersey Governor Chris Christie who
recently gave up his own bid for the presidency. All the remaining candidates in the race are doing everything they can to stop Trump. We'll
have full coverage of exactly what's happening with the Trump bandwagon and how developments moved in just a moment.
(BEGIN VIDEO CLIP)
QUEST: But we want to begin for the first time since 1998 FIFA has a new President. After two rounds of voting in Zurich, Gianni Infantino, the
General Secretary of the European Football Association, UEFA was picked to be the head of the World football's governing body. FIFA also approached a
raft of reforms aimed at tackling corruption. In his victory speech, Infantino said it was time for a new era.
GIANNI INFANTINO, FIFA PRESIDENT: I want to work with all of you together, with all of you, in order to restore and rebuild a new era in FIFA - a new
era in FIFA where we can put again football in the center of the stage.
(END VIDEO CLIP)
QUEST: World sports Alex Thomas is live for us in Zurich tonight. The sense of history, Alex, must have been quite tremendous. But that's tempered by
the enormous nature of the task that Infantino now has to deal with. How did he convince them he was the man?
ALEX THOMAS, CNN WORLD SPORTS: Yes Richard, because this was only the second time or first time since 1974 that a FIFA Presidential election had
gone to a second round of voting. You know five months ago, no one was talking about Gianni Infantino as the next FIFA President because he wasn't
even in the running. He only stood in October after his boss in UEFA, Europe's governing body, Michel Platini was suspended. So when Infantino
put his name forwards people said oh he's just a token candidate, sort of a back up plan if you like for when - until Platini gets back in the race,
which he never did.
(BEGIN VIDEO CLIP)
THOMAS: But Infantino worked tirelessly to change that reputation. He hates flying apparently Richard, which I know you as a big aviation fan won't
like but he conquered that fear to rack up several around the world trips in campaign air miles. But even this week Sheikh Salman of Bahrain was the
bookmaker's favorite. But Infantino was gaining momentum with a crack PR team behind him. And he really nailed his victory speech and I want to
play you a clip of it. Because this is the bit that everyone is saying won for him.
INFANTINO: The money of FIFA is your money, it's not the money of the FIFA President. It's your money, you are the national associations, and the
money of FIFA has to serve for the development of football and not for anything else.
(END VIDEO CLIP)
QUEST: Alex.
THOMAS: Guess what, a promise of cash won him more votes than his rival, Richard.
QUEST: But Alex, at the end of the day, was it - and I know you're still passing who voted which way and backwards. But was it a vote for him or was
he just the best of the bad bunch and a vote against the others?
THOMAS: A good question. But Sheikh Salman had been the front-runner as far as the book-makers are concerned. The book-makers are rarely wrong but it
was quite a hard one to call. It was an open race, that's good for FIFA, but you're right, the hard work starts here. Infantino has to hit the
ground running. Perhaps as important to votes earlier on Friday here in Zurich was that the whole congress or 89% of it said yes to the reform
proposals. They had to do that to protect their victim status in the eyes of the U.S. Justice departments because the criminal investigation to
corruption in football is going after individuals but if FIFA aren't seen to be changing and still cooperating in handing over documents when they're
asked, then the FBI would have come after them as well. So FIFA's immediate future secure, Richard, but still a lot to do to change the public
perception. Many opinion polls for those that didn't vote by the way, of course saying that they didn't care who was elected, that it would just be
more of the same.
[16:05:28]
QUEST: Alex Thomas who's in Zurich tonight and on those reforms, Gianni Infantino will be running an organization that says its embracing change.
FIFA has passed a string of reforms as Alex was saying in response to the scandals and let's show you some of exactly what they have been doing.
(BEGIN VIDEO CLIP)
QUEST: There are new term limits for FIFA executives. That will of course mean that nobody can be there as long as Sepp Blatter. Related to that,
there will be transparency. More transparency and new oversight measures that will also play into this. But pushing further down the pitch, you're
going to get salary disclosures for FIFA's top officers. Every year the details of how much they are paid is going to be published. And then
they'll be more control over where FIFA's money actually goes.
Extraordinarily bearing in mind the sponsorship revenues, FIFA is believed to actually be facing a deficit. And possibly the most important, more
women. At least one more on FIFA's council and commitment to the women's game.
Clare Sebastian now reports on what FIFA can do to save its reputation and crucially its financial future.
CLARE SEBASTIAN, CNN CORRESPONDENT: This is one of the many videos FIFA uses to promote its core mission. The problem is, when most of us think of
FIFA now, what comes to mind is a little different. Millions of dollars in bribes and kickbacks. They corrupted the business of worldwide soccer. When
it comes to fixing that brand and moving forward many say FIFA should look to the corporate world for lessons. And one option could be found right
here on Wall Street. Sports economist, Stefan Szymanski says FIFA should consider taking its commercial side that runs the World Cup and other
tournaments and listing it on a stock exchange like the NYSE.
STEFAN SZYMANSKI, PROF. OF SPORT MANAGEMENT, UNIVERSITY OF MICHIGAN: It would have to report to shareholders and subject to giving a significant
fraction of its profits back to FIFA to feed into the grassroots and for the development of soccer football worldwide. It would also have to then be
accountable for minimizing the management costs, the operational costs of the World Cup.
SEBASTIAN: The World Cup is by far the biggest earner for FIFA, generating around 90% of its revenue. In the last World Cup cycle from 2011 to 2014,
that was over $4.5 billion. Crisis management though is expensive. With legal fees mounting and struggling to attract new sponsors, FIFA reportedly
is expected to post a loss of over $100 million in 2015.
MICHAEL HERSHMAN, FOUNDER TRANSPARENCY INTERNATIONAL: They've already spent millions of dollars on legal fees.
SEBASTIAN: Michael Hershman, is the founder of transparency international who spent two years on FIFA's independent governance committee. He says if
FIFA wants to return to profit it has to prove to the world it can change.
HERSHMAN: They have to do it by putting their money where their mouth is and their resources where their mouth is. They have to contribute to the
work of NGOs and civil society and joint businesses in starting a march against corruption in sports.
SEBASTIAN: Here on Wall Street companies live and die by their reputations. FIFA must not only fix the damage to this core brand, it must be seen to be
doing so.
Clare Sebastian, CNN Money, New York.
(END VIDEO CLIP)
QUEST: Sylvia Schenk is the Chair of Transparency International Sports Group and she will be heading to FIFA's Women in Leadership conference next
month and she joins me now from Frankfurt.
So Ms. Schenk, the reforms that have been put in place, you heard me talk about some of them, they go part of the way, but I suspect you will say
there needs to be more and if so what.
SYLVIA SCHENK, CHAIR OF TRANSPARENCY INTERNATIONAL SPORTS GROUP: Well, for the times the Reform Commission had since last summer, they started in
August so tend not to work on it. For the times I had, it's quite a good result, it was approved by a vast majority, so that's a very important
first step. But of course in the future you need more to work on the checks and balances and I think in the end, the council, the future council with
36 people will be a little bit too big, you should make it smaller.
[16:10:00]
QUEST: And on this question of changing the culture, I mean, one's tempted to say until more of the old guard go, and that could be the national
committees, the representatives, the council members, until more of them are replaced, nothing really changes other than paying lip service.
SCHENK: Well they have already been placed quite many people and the process is ongoing with still some people being under investigation.
(BEGIN VIDEO CLIP)
SCHENK: And then you have to see that yesterday at the Congress of CONCACAF, the Continental Confederation among others for the United States,
they approved a big reform package as well. So there is change already starting on the continent level. And that's quite important, that it
doesn't stop with FIFA and Zurich but that it goes all over the world.
(END VIDEO CLIP)
QUEST: And on this question, I mean, obviously, the role of women on the council and now FIFA's Women in Leadership Conference, what role
specifically, greater role, do you think women can play in the whole process?
SCHENK: Well, there will be six women at least in the next council, one for each continental federation, so that's quite a big number, that's a big
change for FIFA for a very male sport.
(BEGIN VIDEO CLIP)
SCHNEK: Up until now, really perceived as a very male one with regard to administration and leadership. And with approval today, and what the
congress really said, that they will not only invest into the women's game but as well into leadership. That's quite important. And I think this will
change the attitude and council and other bodies as well.
(END VIDEO CLIP)
SCHENK: Because if you have some women in it, then the boys network cannot work as it worked up until now.
QUEST: Now, and that's fine and that's a very good point. Finally, do you - - I mean, Transparency International, this is your bread and butter, this sort of -- dealing with these sort of issues. Is it your gut feeling
Sylvia, that there is real change that will be lasting or in five years' time, will we still be discovering smelly stories and scandals at FIFA?
SCHENK: Well, if now we all say, oh, that's fine, a new President and reform package, that's it, and we stop to observe FIFA, then maybe it will
go back to the old times.
(BEGIN VIDEO CLIP)
SCHENK: But I think if the public pressure goes on by journalists, by non- governmental organizations, by everybody, then there is no alternative to change.
(END VIDEO CLIP)
SCHENK: There has been some very important steps. By now, there are new people in the lead. And I have the feeling that everybody or nearly
everybody has understood that FIFA will not have a good future. So that's my hope. And the day to day -- the congress, how it was run, election
campaign, democracy, there was really democracy in FIFA and you don't have it in international sport quite often not just in football, but in other
sports as well. So that was quite a good starting point. So FIFA has the chance. But they have to do big work now.
QUEST: A busy day, democracy in sport, that's worth a bell indeed. [bell] Sylvia Schenk joining us the Chair of the Transparency International Sports
Group, thank you, Sylvia from Frankfurt this evening.
Fears that the U.S. could slip into recession were put on ice on Friday.
(BEGIN VIDEO CLIP)
QUEST: The commerce department said the economy grew faster than it first thought at the end of last year. When it revised estimates for growth for
the quarter, it went up from .7 to 1%. Now, look at the markets. And I think you can see in that growth number initially you really can't -- the
markets, because obviously if the growth number is stronger, then that means the Fed might raise interest rates and go back to its original plans
so it's betwixt and between, and I think that's what you saw during the course of the trading day. Also oil was pretty muted during the day.
Overall, over the last two weeks, the Dow has been up some 660 points. It's regained half its losses from the year to date. On to the Euro bosses, best
of the day was in Frankfurt. All were higher, 2% up in the German market. It was energy stocks which were up, followed by those oil prices, which
rose.
(END VIDEO CLIP)
QUEST: It's not long since he criticized Donald Trump and called him the entertainer in chief. Politics makes for strange bedfellows.
(BEGIN VIDEO CLIP)
QUEST: Now Chris Christie is supporting Trump all the way to the White House.
(END VIDEO CLIP)
(COMMERCIAL BREAK)
(BEGIN VIDEO CLIP)
[16:16:15]
CHRIS CHRISTIE, GOVERNOR OF NEW JERSEY: So ladies and gentlemen, it's my honor and my privilege to introduce the next President of the United
States, Donald Trump.
(END VIDEO CLIP)
QUEST: Good grief. Two, three weeks ago, if anyone had said the Governor of New Jersey Chris Christie would be saying those words, well, you'd say
they'd been having too many sherries at lunch. But it was one more surprise in a campaign year that's been absolutely chock-full of them. Chris
Christie has now thrown his support behind Mr. Trump to be the nominee for President. Mr. Christie is the Governor of New Jersey and is the first of
Trump's former rivals now going out quite openly and endorsing him. With Christie, it's a sign of establishment support for the billionaire who has
won three of the last four primary contests. Until Christie came out and endorsed, everybody was still talking about the most extraordinary debate
which took place on Thursday night. "The New York Times" called it a real rumpus. Have a listen.
(BEGIN VIDEO CLIP)
SUNLEN SERFATY, CNN CORRESPONDENT: An all-out war of insults and putdowns, breaking out in the final GOP debate before Super Tuesday.
MARCO RUBIO, U.S. REPUBLICAN PRESIDENTIAL CANDIDATE: But you're the only person on this stage that's ever been fined for hiring people to work on
projects illegally, you hired some workers from Poland.
DONALD TRUMP, U.S. REPUBLICAN PRESIDENTIAL CANDIDATE: No, no, I'm the only one on the stage that's hired people. You haven't hired anybody.
SERFATY: Marco Rubio and Ted Cruz worried about Donald Trump's trifecta of wins in the last three Republican contests. Unleashing an onslaught of
attacks against the front runner. From illegal immigration --
TED CRUZ, U.S. REPUBLICAN PRESIDENTIAL CANDIDATE: When I was leading the fight against the Gang of Eight Amnesty Bill, where was Donald? He was
firing Dennis Rodman on Celebrity Apprentice.
RUBIO: If he builds the wall the way he built Trump Towers, he'll be using illegal immigrant labor to do it.
SERFATY: To U.S. trade relations with China and Mexico .
RUBIO: The second thing about the trade war, I don't understand because your ties and the clothes you make is made in Mexico and in China. So
you're going to be starting a trade war against your own ties and your own suits.
TRUMP: They devalue their currencies to such an extent that our businesses cannot compete with them. Our workers lose their jobs.
RUBIO: And so you make them in China and in Russia -
TRUMP: -- But you wouldn't know anything about it because you're a lousy businessman --
RUBIO: Well I don't know anything about bankrupting four companies, you bankrupt four companies.
You lied about the Polish worker.
TRUMP: Yes, yes, yes, yes.
RUBIO: You lied to the students of Trump University.
TRUMP: 38 years ago - 38 years ago.
UNIDENTIFIED FEMALE: Let Senator Cruz jump in here.
RUBIO: Oh he lied 38 years ago, all right I guess there's a statute of limitation on lies.
SERFATY: And Hillary Clinton.
CRUZ: Mr. Trump --
TRUMP: First of all he's talking about the polls. I'm beating him awfully badly in the polls.
CRUZ: But you're not beating Hillary.
TRUMP: So I don't know.
CRUZ: But you're not beating Hillary.
TRUMP: Well then if I can't -- hey, if I can't beat her, you're really going to get killed, aren't you?
SERFATY: Trump eventually lashing out at both of the freshman senators at the same time.
TRUMP: You are all talk and no action. What I've seen up here, I mean first of all, this guy's a choke artist and this guy's a liar. You have a
combination --
[CROSS-TALK]
TRUMP: You have a combination of factors. He can't do it for the obvious reason, and he can't do it because he doesn't know how to tell the truth -
RUBIO: -- but here's the typical thing he does -
TRUMP: -- I know politicians, believe it or not better than you do. And it's not good.
CRUZ: Oh, I believe it will. No, no, I believe you know politicians much better than I do because for 40 years you've been funding liberal
democratic politicians. And by the way --
TRUMP: I funded you. I funded him. I funded this guy.
CRUZ: The reason - you're welcome to have a -
TRUMP: I funded this guy -
CRUZ: -- because let's get it the clear. Donald, relax, go ahead.
TRUMP: I'm relaxed. You're a basket case. Go ahead.
(END VIDEO CLIP)
QUEST: I mean, our senior political commentator is Margaret Hoover who is here. She's worked with George W. Bush's administration. Not you, "you're a
basket case, he's a choke artist and he's a liar". And there's no civil discourse last night at all.
[16:20:02]
MARGARET HOOVER, CNN SENIOR POLITICAL COMMENTATOR: Well, never is there going to be civil discourse so long as Donald Trump is in the race. I mean
this is how he's gotten to the front, he gets the headlines, he has the celebrity factor going for him anyway, he just hurls insults at people. And
what happened last night is that Marco Rubio started hurling them back and then bringing real facts about Trump's record to him.
(BEGIN VIDEO CLIP)
HOOVER: Which by the way, the guy's been leading in the polls for six months. Nobody's really taken on his record until last night. So maybe too
little too late for the Republicans. But for as sort of low base as the conversation was, this might be the tactic that actually works to bring him
down.
QUEST: Or, it becomes the tactic that middle America so loves to see this rare fresh brash honesty, even vulgarity, that it creates even greater
support.
(END VIDEO CLIP)
HOOVER: Well, there's no doubt - there's no - there's no doubt that Americas are craving authenticity. They feel like they're not getting
authenticity from their elected leaders.
(BEGIN VIDEO CLIP)
HOOVER: That's part of what's prevailed Donald Trump up, because he's an outsider. He's not in with the big wigs in Washington, he's going to
represent the little guy. But then you see Marco Rubio coming out and really taking a run at him on his own level. Sort of giving him his own
medicine and getting laughs for it.
(END VIDEO CLIP)
QUEST: But you know can you see people in the South and people in the Midwest saying, watching last night, having children, and saying, their
kids saying, oh, well, Donald Trump calls him a liar so I can call Mr. Smith up the road a liar, I can call my best friend a liar.
HOOVER: Fortunately this happened after children were in bed.
QUEST: But you know what I mean - this sort of idea that you can with (inaudible) abandon just call people liars.
HOOVER: Well this is -- this is a real regret I think that many people on the Republican side and not just the Republican side, I mean this -- we
hope to have an elevated civilized really thoughtful conversation about the direction of the country and instead it is a food fight.
(BEGIN VIDEO CLIP)
QUEST: Is there panic now in the Republican Party?
HOOVER: Yes, I think that's safe to say. I think it's pretty safe to say. I think there's a lot of blame going around. And I think there's more than
anything, a realization that Donald Trump don't have this 100% locked up yet but he's about 95% of the way there. And to the extent that all forces
can join to take advantage of whatever window there is to change the direction of this race at this point, there is a huge amount effort and
money and coordination going into seeing if that could possibly happen.
(END VIDEO CLIP)
QUEST: But 95% there.
HOOVER: See I'd certainly, I mean, look, he's not 95% there in terms of the delegate vote but in terms of the inertia, in terms of the momentum with
Chris Christie's endorsement today. I mean that sort of says it all.
QUEST: Yes, absolutely.
HOOVER: I mean that sort of says it all. Finally you're getting a serious elected official, I mean a two-term Republican governor of a democratic
state who's been in charge of making really serious decisions for people's safety, and people's lives, people's livelihoods, saying that he's going to
be a good next President of the United States.
(BEGIN VIDEO CLIP)
HOOVER: That's a game changer in and of itself.
QUEST: I'll have a bet with you.
HOOVER:
(END VIDEO CLIP)
QUEST: I bet you Bush never endorses him.
HOOVER: That's really going out on a limb are you going to ring the bell on that one?
QUEST: You need the bell?
HOOVER: Oh! [bell]
QUEST: A wimpy bell.
HOOVER: I wanted to be respectful.
QUEST: Glad somebody is around here. Thank you.
Now, a few businesses are more international than the global airline. I've been talking to Willie Walsh, the Chief Executive of IAG, which owns
British Airways and Iberia.
(BEGIN VIDEO CLIP)
QUEST: He says if Britain pulls out of the E.U., it's not something that will affect the companies. But he is watching the U.S. Presidential
election very closely.
(END VIDEO CLIP)
(COMMERCIAL BREAK)
[16:25:02]
QUEST: The chief executive of International Airlines Group says he's fascinated by the U.S. election and Willie Walsh describes America as a key
market although it's one of many that his company serves.
Closer to home, the "brexit" debate rumbles on. And Willie Walsh is bullish.
(BEGIN VIDEO CLIP)
QUEST: Even saying if the U.K does leave the European Union, it will have no impact on his airlines which as you can see include, British Airways,
Iberia, Aer Lingus, and Vueling.
(END VIDEO CLIP)
QUEST: He told me his private and professional opinions.
(BEGIN VIDEO CLIP)
WILLIE WALSH, CEO IAG: From an IAG point of you it's - you know we are an international business, we're not just a European business although based
in Europe, a Spanish company with a headquarters in the U.K. We have significant presence across Europe but we operate globally. And our
ambition continues to be a global operation.
So we've looked at it from a number of points of view. Is there going to be a regulatory change that will impact our business? And our assessment is
very clearly, no, there won't. Is there going to be a change on travel trends? People flying on our airlines to and from the U.K? We don't believe
there will be. And therefore, it's down to what is the overall longer term impact on businesses going to be and how might that translate into an
impact on us.
And while we see some short-term uncertainty and risk, and I think that's obvious to everybody, we believe that these issues will be resolved in due
course and that the longer term effect we don't see as being material to our - to our business.
QUEST: Would you join the other CEOs who are calling one way or the other for the vote? How would you call the vote to go?
WALSH: No, on a company - on a company basis we've taken the view that we shouldn't give guidance to the electorate, it's not for us to tell people
how to vote. It's for us to understand the impact of these decisions on our business. At a personal level, I have expressed a strong view that the U.K.
should remain in Europe but that's a personal view, it's not a view that I've come to as a result of my employment in IAG. It's probably influenced
more by the fact that I'm an Irish person who has seen the benefit of E.U. membership and would like to see that continue.
QUEST: Once again, IAG is a great example, because on the one hand, you are being potentially affected by a referendum in the U.K. And on the other
side of the Atlantic, there is an election which promises to be the most exciting U.S. election that we have seen in a generation. And that could
also affect you perhaps. Any thoughts on the U.S. election, Willie?
WALSH: Look, like a lot of people, I think we're fascinated by the debate that's going on and we'll wait to see who the candidates finally are. But
you know politics is just one of the issues that impacts on our business. And as a global business, we have these political issues impacting on a
daily basis almost in one or other of the countries that we're operating to. Clearly the U.S. Is a very important market for IAG, you could say it's
our key market. And, you know, we're keen to see that the U.S. economy continues to grow.
QUEST: Just looking at your results, OK, it's a strong set of results. You made more money. You brought in more revenue. But your -- the unit revenue
was down 3.5%. So in other words, the yield is under pressure, isn't it?
WALSH: Well the unit revenue on a constant currency basis, yes, Richard, that's correct. There were significant movements in currency that have had
an impact on our financial performance. But the bottom line is consumers are getting cheaper flights and that's principally on the back of that
lower oil price and some of the benefit of that lower oil price has already been passed on to the consumer.
(END VIDEO CLIP)
QUEST: Willie Walsh talking to me today.
In a few minutes from now, they'll be a temporary cease-fire that's in Syria and it's supposed to begin.
(BEGIN VIDEO CLIP)
QUEST: The United Nations Security Council is meeting at the moment, and they're demanding that all parties abide to the terms of the agreement.
Five brutal years of civil war going to review the chances of this ceasefire being in any shape form or description any more successful than
those that have come before. It's "Quest Means Business" on a Friday.
(END VIDEO CLIP)
(COMMERCIAL BREAK)
[16:30:00]
(COMMERCIAL BREAK)
[16:32:00] RICHARD QUEST, CNN ANCHOR: Hello, I'm Richard Quest. Of course there's more QUEST MEANS BUSINESS in just a moment.
When Apple's lawyer tell us if the company loses its case, American will become a police state.
And if you want a promotion at work spend more time at the gym. For any of that this is CNN and on this network the news always comes first.
FIFA has elected the General Secretary of European governing body UEFA, to be its new president. He's Gianni Infantino and he replaces Sepp Blatter.
He's held the job since 1998. He was suspended over improper payments. Speaking to delegates in Zurich, Infantino said, he would not be corrupted.
(BEGIN VIDEO CLIP)
GIANNI INFANTINO, PRESIDENT FIFA: The money of FIFA is your money. It's not the money of the FIFA president. It's your money. You are the
national associations and the money of FIFA has to serve for the development of football, and not for anything else.
(END VIDEO CLIP)
QUEST: New Jersey Governor, Chris Christie, has endorsed Donald Trump's presidential bid. Governor Christie gave up his own campaign to win the
nomination earlier this month. A few hours ago he said, Trump is the candidate most likely to beat the Democrat Hillary Clinton.
Officials say a mass shooting in the U.S. State of Kansas was not an act of terrorism. It happened on Thursday when Cedrick Ford killed three
people. A string of attacks that ended at his workplace, in the town of Hesston. Fourteen more people were wounded. Police say Ford has been
served a protection from abuse order and that's believed to have triggered the violence. The gunman was killed by police.
Huge crowds gathered in the Iraqi capital in Bagdad on Friday to show support in solidarity against ISIS. Radical Shia clerical Muqtada al Sadr
called for peaceful million man march in what is said to terrorize the extremist group and stand up to corruption.
Voting was so brisk in Iran that it stretched late into the night across the country. Voters are casting their ballots for a new Parliament and for
the Assembly of Experts who pick a supreme leader's successor. The state media say some polling stations stayed open for an extra seven hours, and
to deal with the deluge of people who came out to have their voices heard. As CNN's, Fred Pleitgen, explains the recent foreign relations with the
West is a central issue for the Iranian voter.
(BEGIN VIDEOTAPE)
FREDERIK PLEITGEN, CNN SENIOR INTERNATIONAL CORRESPONDENT: Many stood in line for hours waiting to get into the polling stations looking to cast
their ballot, with both supporters of Iranian moderates and conservatives say, is a key election.
[16:35:00] UNIDENTIFIED MALE: As soon as the sanctions are lifted everything is going to be changed. Of course, we cannot expect the whole
country changes over night. But I believe that we are going to have a very good future.
PLEITGEN: "I like the conservatives," this man says. "They have proven themselves when they were in power and we really like what they do."
Many of the polling stations are inside mosques where voters fill out forms to register and then cast their ballots. In many ways this election is
seen as a referendum on President Hassan Rouhani's course of opening Iran up to the West and on the recent nuclear agreement.
One of Rouhani's Vice Presidents tells me a strong turnout for the Rouhani camp would help them continue their course.
MASOUMEH EBTEKAR, IRANIAN VICE PRESIDENT: It's very important because the Parliament has both oversight and legislation authority. So they play an
important role in providing the necessary laws that we need to implement in the Executive Branch.
PLEITGEN: The conservative forces around Iran's powerful clergy accuse the moderates of opening the door for what they believe is dangerous Western
and especially U.S. influence in the Islamic Republic.
Iran's Supreme Leader warned of alleged American infiltration into Iranian affairs when he cast his own ballot.
PLEITGEN: (on camera) Despite all the controversy and the fierce rhetoric between the political factions, Iran's Supreme Leader has defined these
elections as decisive ones and has called on all Iranians to come out and cast their votes.
PLEITGEN: (voice-over) And authorities say turnout is high. As many people in this country see the vote they cast this Friday as one that could
do a lot to shape the future of their nation. Fred Pleitgen, CNN, Tehran.
QUEST: Whoever comes out on top in the election Iran looks set to go ahead with plans to boost oil exports. For years I couldn't do that, obviously,
because of the international sanctions. The prospect of higher Iranian output is one of the headaches for other producers like the UAE. John
Jensen has the details.
(BEGIN VIDEOTAPE)
JON JENSEN, CNN MONEY, REPORTER: In a city that was built by oil, Gurinder Matharu, thought he'd find fortune. He moved to Abu Dhabi in 2013 with his
wife Jasmeet. Recruited by a Western oil firm. For a time his dream came true. Nice apartment, tax-free income, and all the perks that come to
management. Then oil prices started to tumble, and last year he got that call no employee ever wants to get.
GURINDER MATHARU: This caller said, sorry we would like to cut our manpower, so because of the oil prices coming down.
JENSON: (voice-over) Gurinder is one of an estimated 250,000 workers in the oil and gas sector worldwide who have been laid off as a result of the
slump. Both saw tough times coming, but not this close to home.
JASMEET MATHARU, GURINDER'S WIFE: It was a shocking news for us. In fact it took us some time to digest.
JENSEN: (voice-over) Both jobless they wanted to move home to India. But Gurinder had just taken out a massive bank loan six figures long to make an
investment in housing back home.
(on camera) Do you feel trapped here because of that loan?
MATHARU: Yes.
JASMEET: Definitely, yes.
MATHARU: This is the one thing which really worries me.
JENSEN: (voice-over) After months of searching he eventually found work also in oil. But there was one downside.
MATHARU: I accepted the offer, which is almost 35 percent lower than what I was getting. I have no choice, to stay back, better to take the job.
JENSEN: (voice-over) Now Gurinder is pinching pennies, and he's not alone. Analysts expect more layoffs in the UAE's oil and gas sector this year.
Officials here say the job market is a whole six percent last year over 2014. But for oilmen like Gurinder, the only numbers that matter are
dollars per barrel.
JENSEN: (on camera)There's a lot of talk out there that oil hasn't seen the bottom yet. Do you ever wonder if this job that you have now could go
as well?
MATHARU: if there's a fear, to be frank, I'm not prepared exactly now, because of the loan. So if this job goes down, again I will be totally in
shock.
JENSEN: (voice-over) He like many here worries that in a city built by oil, the boon may be over. Jon Jensen, CNN Money, Abu Dhabi.
(END VIDEOTAPE)
QUEST: Throughout the week we have shown you the human face of the oil crises. From the taxi driver in Beijing, to the struggling factory worker
in Russia, to the family in New Jersey paying less to heat their home. We cover this like only CNN can with our worldwide journalistic resources.
Now you can find all those stories and more and analysis CNN.com/international.
[16:40:00] The United Nations Security Council has just voted in favor of the resolution backing the upcoming halt in fighting, the cease-fire in
Syria, and asking for all parties to abide by the terms of the cessation of hostilities. The resolution has just been passed. Meanwhile it's 11:30
and Damascus where the eyes of the world are waiting to see whether this temporary cease-fire is going to actually take affect and be of any effect
indeed.
However, airstrikes by Russian and Syrian planes have continued almost until the last moment. Nick Paton Walsh is in the Lebanese capital for us
tonight. It's the usual phrase. It's the usual story, Nick. One side or the other wanting to get the last bash, the last bit of military advantage
just before any cease-fire takes effect.
NICK PATON WALSH: CNN SENIOR INTERNATIONAL CORRESPONDENT: Well, as far as were hearing from barrage of social media reports, none of which we can
verify. It does appear to be Russian and regime potential airpower here getting the last word. We've got 20 minutes, really until the cease-fire
is supposed to kick in. The machinations of the UN Security Council, what they have endorsed, this cease-fire plan, I suppose that was expected to
some degree. We've has some interesting rhetoric to have emerged from there.
I think Staffan de Mistura, the UN envoy to the Syrian crises, said the initial indications of consent were encouraging, but he also wanted to
point out that if there are conflicting issues here. Issues where information is unclear. They'll pass that at the UN to the Americans and
the Russians to try and sort out.
Interesting there to see that old Cold War bipolar way of dealing with things continue. And we've also heard from Samantha Power, the UN
ambassador to the UN saying that skepticism is more than reasonable in a situation like this. You know, we have so many potential problems here,
Richard, with this particular deal. Not least that the fact that it's not clear really who is considered a terrorist by the Russians and the regime.
We know who is considered on paper, but a map the Russians put out recently gave so much of Syria's potential open goal for continued strikes. Very
small areas indicated as potentially beholding to the cease-fire, Richard.
QUEST: Nick, you watch this, you've studied it. You've covered it. You've been there. You've seen it. What's your gut feeling about this
cease-fire?
WALSH: Well, I think as I said, I think this is the best hope they've has for a long time, but all previous ones have collapsed. And there is no
real reason right here to think there is an ample scope for this to collapse to. It's there on paper. We have the machinations. We have the
sense of exhaustion perhaps in the main players. They don't really want any other option apart from this.
But as a big issue Ahrar al-Sham, one of the big major rebel groups, very silent on backing this up. A lot of other major rebel groups too, not
necessarily onboard. A lot of suspicion, perhaps justifiably to the Russians. What they did in the Ukraine. A talking cease-fire but pursuing
their own military goals.
That map they put out through their own state media a big giveaway potentially of what they really want to try and achieve moving forward. I
think we may see a dampening in the hours ahead of airstrikes to try and give some leeway here. But this isn't the end of the war by far. This is
perhaps a moment in which people began to reframe what they think diplomacy can do for the years ahead, Richard.
QUEST: Nick Paton Walsh in Beirut, and watch as the cease-fire supposedly takes effect, and come back and report with what you are hearing.
So to Apple. Apple versus the FBI. And Apple's leading attorney is warning of a police state. Is this just hyperbole in the tech firm uses
the encryption battle against the U.S. government?
(COMMERCIAL BREAK)
[16:45:31] QUEST: Apple's top lawyer has told CNN Money if the company loses its case it will America into a police state. The firm continues to
lay out its legal defense in the encryption battle with FBI. Apple is gaining support in a rare case of unity amongst rivals, Amazon, Facebook,
Twitter, Microsoft. They all say they are ready to help, they are planning to come forward in support through what's known as an Amicus brief.
CNN Money's technology correspondent is Laurie Segall. Lorrie spoke to the attorney, Ted Olson, and he says a police state, hyperbole.
LAURIE SEGALL, CNN MONEY, TECHNOLOGY CORRESPONDENT: He did, he warned of the government having limitless power, he said as you hear from the
Department of Justice, they say this is about one case. He obviously says this is not about one case, it's about many. But I asked him about
national security, and I said what happens in the future when the FBI is sitting on the phone of a terrorist. They can't get in and there's an
impending threat.
Listen to what he said.
(BEGIN VIDEOTAPE)
TED OLSON, ATTORNEY, APPLE: We have to do everything possible to defeat terrorism and so forth. But we can't do it by breaking our constitution.
We have got to stop some place. We cannot break someone's back in order to get them to tell somebody where somebody else it. So if we are saying that
there is serious threat, throw out the constitution in order to prevent that threat, where do we draw the line?
SEGALL: So what happens when Apple does create the unbreakable phone?
OLSON: You as a private citizen are allowed to write on a piece of paper and burn up that piece of paper what your notes are. There are some limits
to what the government -- it is not Orwellian here, you know, where Big Brother can see anything you want. Apple is constantly trying to improve
its iPhones, so to serve you the public and the hundreds of millions of people that trust Apple to do this, to provide security, so that people
can't hack in and find out where your children are. Or what your medical records are. So if Apple continues to do that, it's just a point at which
the government just can't get into your soul.
(END VIDEOTAPE)
QUEST: Ted Olson is one of the most experienced lawyers, constitutional lawyers in America, also Supreme Court, he has to be taken very seriously.
SEGALL: He does, I mean to be honest, Richard, he has a very personal relationship with terrorism. His wife passed away in terrorism attack
September 11. She was in one of those planes that went down. So this is something he takes very seriously, and this is something you see Apple is
bringing out the big guns. He told me that he expects he will take this to the Supreme Court if that's what it takes.
QUEST: This is going to end up with the Supreme Court.
SEGALL: I have a feeling this will end up and I pushed him on that. And he said, we will be talking all the way through to the Supreme Court. So
this has all the legs and all the timing to end up in the Supreme Court.
QUEST: And arguably, Laurie, it needs to end up in the Supreme Court of the United States, because if a deal is done in this case, it's only going
to come back in the future in some other guise.
SEGALL: Yes, you heard me kind of pressing about the unbreakable phone because what's going to happen, I'm sure Apple is already working on, is
making this whole conversation moot. They'll build security features that will make it so the FBI can't ask for what they are asking for now. So
this is going to continue to be a bit of cat and mouse game. Now the Department of Justice has said, we are not doing anything different,
Apple's doing something different. They're just not cooperating so will this be decided in Congress, that's what the question is.
QUEST: And next Tuesday, Super Tuesday, but everybody is on Capitol Hill is talking about this as well, correct.
SEGALL: Yes, yes, sir.
QUEST: Thank you, have a good weekend, thank you very much. What makes it good when you're going to climb the corporate ladder. Get a sweat up, go
to the gym. I promise if you're big and beefy, you'll be perceived as better leader. Times up, my back.
(COMMERCIAL BREAK)
QUEST: Working out in the gym may help you get a workplace improvement and maybe even a promotion. A study shows that muscular men are perceived to
be better leaders. Researchers showed people various photos of men some more muscle bound than the others. Now they tended to be as neutral as
possible, you look at the bodies, you look at the physiques, and respondents had to say if they though each of the men was likely to be a
good leader. And he or she climb to the ladder of success?
Fit men rated higher. Tall is also seen as being better, apparently it makes a big difference. A paper showed that over 30 years ago a person
this tall, 1.82 meters, could earn more than a $160,000 more than somebody who was just that tall. The taller you are, the more you earn. The bigger
the biceps, the better the perception.
My next guest is a branding consultant who coaches business clients on how to project the right image. He recently lost 20 kilograms just at the
before and after pictures. I mean you were a little bit on the brrrrt side. Peter Shankman joins me now. Are you surprised -- we mustn't do the
workout --
PETER SHANKMAN BRANDING AND SOCIAL MEDIA CONSULTANT: Yes, reminds me to workout.
QUEST: Are you going for the 15 or 10?
SHANKMAN: I'll take the kettlebells.
QUEST: All right, give me -- all right, so you lead and I'll follow.
SHANKMAN: So you're going to do squats with me?
QUEST: Whatever you want. So, tell me why did you decide, I mean, it didn't make sense that people who do this are fitter.
SHANKMAN: There's a couple of reasons, we do not need to do squats the entire time.
QUEST: Right.
SHANKMAN: There's a couple of reasons, the first reason obviously is you feel better, the difference on how I feel now versus how I felt six months
ago is palpable, it's an entirely different person. And that projects, you project that when you talk to people, when you are happier. I'm the guy at
gym now at 5:30 who's singing and happy, and I wasn't that guy before. And that projects in everything you do. I've gotten more clients. Clients
have said to me, wow, you really seem to have -- so a lot of it is mental.
QUEST: OK, so that's the bit that sort of -- it's the way that you are projecting, but in the case of these pictures that we are talking about of
our good friend over here, it's just the look. Why do people perceive that if you've got pecs and biceps, you are going to be a better leader?
SHANKMAN: We are a society that is still, you know, it's millions of years since we were cavemen but it's not that far on the evolutionary scale.
People who were built better, cavemen were built better. Over the years they could protect children, they could help grow the genetic line, this is
still wired into our heads. When you see someone standing up straight, right, with a good physique who's looking like our friend over here, when
you see him standing up, you say, OK, he's built -- it's the same reason men go for women who have certain figures because in their heads, OK, we
could produce children. We can make this, they can produce children.
QUEST: This is grossly unfair.
SHANKMAN: It is unfair. No question it's unfair.
QUEST: And particularly in a country whether it has a high rate of obesity.
SHANKMAN: Well, then the question then becomes it is unfair but you also have the ability to change it. You know I mean look at that photo, I
decided something had to be done.
QUEST: Why?
SHANKMAN: Because I didn't like the way I looked and because people were mentioning it. We live -- look, we live in a society that is very much
about the picture of health, about how you look. You are never going to see, you know, people who are gorgeous, right. They are just -- they are
on there, we raise them up on the pedestals, and people who look good tend get -- I'm not saying it's far, they tend to get promotions, they tend to
make more money, they tend to be looked up to. It's not fair, I agree. But it is what it is as a society and it is not going to change anytime
soon.
Now, that being said, Sports Illustrated just put its first full figured cover model on their swimsuit edition, which I thought was wonderful. But
she still -- she works out every day, she still --
QUEST: Right, so you're not talking about the body beautiful --
SHANKMAN: It's not just the physique it's about keeping yourself fit, my logic is this, if I want to tell my clients how to look great. And I want
to tell my clients here's how to project your brand and make your brand look good, how could I not walk that walk and talk that talk as well.
[16:55:03] QUEST: Kettle bells.
SHANKMAN: Hence we are going over and doing more kettlebells.
QUEST: What we doing? Shoulder press or what?
SHANKMAN: Let's do shoulder press.
QUEST: And we will have a Profitable Moment after the break.
(COMMERCIAL BREAK)
QUEST: Tonight's Profitable Moment and keeping fit moment. No one ever said life was fair. And so this latest psychological study that clearly
shows those men who have better physiques are perceived to be better at work and are more successful. Well I'm afraid that's just the reality of
life. And as you heard Peter Shankman say, it's all to do with our perceptions of what it means. How we look and how we behave, and I think
also of course if you working out. And I think I probably started out a few years ago to trim off a few pounds and kilos. The core of course is
you exude something healthy, you exude something more.
Now it's not always the case, if you take for example, these two politicians, now I don't anybody could necessarily claim that Chris
Christie is exactly a picture of fitness of health at the moment, the Governor of New Jersey. Whereas, Donald Trump makes a great deal of fuss
about the fact he works out. He used to be an athlete, he's got a physique. Once again, politics, reality, perception, they myth, it doesn't
really matter. The truth, if you've got it flaunt it. And if you haven't cover up.
And that's QUEST MEANS BUSINESS for tonight. I'm Richard Quest in New York. Whatever you're up to in the hours ahead I hope it's profitable. We
will do it again on Monday.
END
