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CBN NewsWatch: February 4, 2014

On CBN Newswatch, Jan. 4: Congress warned debt ceiling options running out, Ukraine parliament debates constitution amid protests, and Judge hears Virginia gay marriage ban case, and more. Read Transcript


TONIGHT ON

"NEWSWATCH," WORRY OVER WALL

STREET, WHY 2014 HAS BEGUN

ON A BAD NOTE FOR THE STOCK

MARKET.

PLUS, LOOKING PAST

POLITICIANS.

HOW SOME ARE CALLING ON GOD

TO END THE CRISIS IN

UKRAINE.

AND MEET THE MAN WHO'S

REAL-LIFE STORY INSPIRED THE

NEW MOVIE "LIFE OF A KING."

ALL OF THIS AND MORE TONIGHT

ON "NEWSWATCH."

AND GOOD EVENING, I'M

HEATHER CELLS.

STOCKS WERE SLIGHTLY UP

TONIGHT AT CLOSING.

A LITTLE GOOD NEWS AFTER THE

DOW'S BIGGEST LOSS IN MORE

THAN SEVEN MONTHS ON MONDAY,

AND A LESS THAN IDEAL

JANUARY.

BUT EVEN WITH TODAY'S GAINS,

THERE ARE QUESTIONS ABOUT

THE STRENGTH OF WALL

STREET.

CAITLIN BURKE REPORTS IN

TONIGHT'S TOP STORY.

Reporter: IT HAS BEEN A

ROUGH RIDE FOR STOCKS SO FAR

IN 2014.

THE MARKET ON A

ROLLERCOASTER.

IT IS DOWN MORE THAN 5% FOR

THE YEAR ALREADY.

AND U.S. STOCKS HAVE BEEN

HAMMERED THIS WEEK.

THE DOW JONES AVERAGE

DROPPED MORE THAN 300 POINTS

MONDAY.

ITS BIGGEST DECLINE SINCE

JUNE OF 2013, AND

MANUFACTURING DROPPED TO AN

EIGHT-MONTH LOW.

ONE REASON FOR THE MARKET

FREEFALL, THE WEATHER.

COLD AND SNOW HAVE FORCED

SMALL BUSINESSES TO GRIND TO

A HALT.

AND INVESTORS WERE

UNPREPARED FOR THE BIG COST

TO COMPANIES DURING THE

UNUSUALLY COLD WEATHER.

FRESH SIGNS OF WEAKNESS IN

CHINA ALSO WEIGHED ON THE

MINDS OF VISITORS.

INVESTORS.

ANY SIGN OF A SLOW DOWN IN

THE ECONOMY OF CHINA CAN

SPELL BAD NEWS.

FOR NOW, MOST ANALYSTS THINK

WE'RE ONLY SEEING A

TEMPORARY PULLBACK IN

PRICES, BUT IT ISN'T OVER

YET.

I THINK INVESTORS ARE NOW

WORRIED THAT GLOBAL ECONOMIC

GROWTH COULD BE HINDERED.

Reporter: ANALYSTS

STILL EXPECT STOCKS TO RISE

IN THE LONGER TERM, CALLING

MONDAY'S ACTION JUST A

RECALIBRATION FOLLOWING

RECORD HIGHS AT THE END OF

LAST YEAR.

YOU HAVE TO KEEP IT IN

CONTEXT TO THE FACT WE HAD A

HUGE UP YEAR LAST YEAR.

WHEN YOU'RE UP MORE THAN

100% AND YOU GIVE BACK 7%,

IT IS NOT SUCH A BAD THING,

RIGHT?

Reporter: STILL, IT IS

A SCARY TIME FOR THE AVERAGE

AMERICAN FAMILY.

THE MARKET PLUNGE HAS THE

TYPICAL 401K DOWN ALMOST

6%.

CAITLIN BURKE, CBN NEWS.

Heather: AND WALL

STREET DID END THE DAY UP.

THE DOW JONES INDUSTRIAL

AVERAGE GAINED 73 POINTS.

THE NASDAQ WAS UP 34.

DEBATE OVER THE DEBT CEILING

IS ABOUT TO HEAT UP AGAIN IN

WASHINGTON.

TREASURY SECRETARY JACOB LOU

AS AFTER FRIDAY THE

GOVERNMENT WILL EXCUSE

EXTRAORDINARY MEASURES TO

PAY THE BILLS.

LOU IS CULLING ON CONGRESS

TO INCREASE THE DEBT

CEILING, AND MANY HOUSE

REPUBLICANS ARE SEEKING

CONCESSIONS IN EXCHANGE FOR

ANY INCREASE.

FOR MORE ON THIS, WE TURN TO

PHIL KERPIN, THE FELLOW OF

AMERICAN COMMITMENT, A GROUP

TO ADVOCATES FOR LIMITED

GOVERNMENT.

PHIL, WHAT WILL HAPPEN IF

CONGRESS DOESN'T RAISE THE

DEBT CEILING AND AMERICA

CAN'T PAY ITS BILLS?

THERE IS SOME WIGGLE ROOM

ON THE OFFICIAL DATES THAT

COME OUT OF THE TREASURY, AS

WE'VE SEEN FROM SOME OF THE

PREVIOUS CONFRONTATIONS.

BUT AT SOME POINT THE

OPERATIONS OF GOVERNMENT

BECOME VERY PROBLEMATIC.

THEY HAVE GOT ALL SORTS OF

OBLIGATIONS, BILLS THAT

STACK UP AND HAVEN'T BEEN

PAID.

SO AT SOME POINT, YOU'VE GOT

TO RAISE IT OR ADD A

DRAMATIC CUT IN GOVERNMENT

SPENDING, ON SOMETHING TO

THE ORDER OF 40% OR 50%

OVERNIGHT.

AND, OF COURSE, THAT'S NOT

PRACTICAL.

SO AT SOME POINT THEY WILL

RAISE IT, BUT, YOU KNOW,

WHEN THE REAL DROP-DEAD

DEADLINE IS, IT IS HARD TO

SAY.

Heather: AND ASSUMING

THEY DO EVENTUALLY RAISE IT,

WHAT IS GOING TO HAPPEN?

WE'RE GOING TO CONTINUE

PILING UP DEBT.

IT IS NOT WHETHER IT WILL BE

INCREASED OR NOT, IT WILL BE

INCREASED.

BUT WHAT REPUBLICANS HAVE

SAID THE LAST COUPLE OF GO

ROUNDS, IF WE'VE GOT TO PILE

UP MORE DEBT, IF WE'VE GOT

TO KEEP RACKING UP DEBT, WE

SHOULD BE ADOPTING REFORMS

AND CUTS TO SPENDING SO

WE'RE NOT RIGHT BACK IN THE

SAME POSITION IN A YEAR OR

TWO, AS WE HAVE OVER AND

OVER AND OVER AGAIN.

REPUBLICANS WILL TRY TO

ATTACH REFORMS TO THIS, CUTS

IN SPENDING, AND THINGS THE

SENATE HAS BEEN REFUSING TO

VOTE ON.

THE WHITE HOUSE HAS SAID,

JUST TAKE IT AND DON'T DO

ANYTHING TO CHANGE THE

TRAJECTORY WE'RE ON.

SO THAT BEEN WILL HAPPEN AS

IT HAS SEVERAL TIMES.

Heather: THE TRAJECTORY

OF RAISING THE DEBT CEILING,

HOW DOES IT AFFECT AVERAGE

AMERICAN HOUSEHOLDS?

WELL, IT AFFECTS THEM

BECAUSE THE NATIONAL DEBT IS

NORTH OF $17 TRILLION.

THE DEFICITS ARE DECLINING

FOR A LITTLE BIT OVER THE

NEXT COUPLE OF YEARS, BUT IT

WILL START INCREASING AS

MORE BABY-BOOMERS RETIRE.

AND SOONER OR LATER, ALL OF

THE BONDS AND UNFUNDED

OBLIGATIONS ARE GOING TO

HAVE TO BE PAID BACK.

THAT IS A FUTURE TAX BURDEN

ON OUR CHILDREN AND

GRANDCHILDREN IF WE DON'T DO

SOMETHING ABOUT IT.

Heather: WHAT WOULD YOU

LIKE TO SEE IN TERMS OF

SOLVING OUR FISCAL

PROBLEMS?

I'D LIKE TO SIGH THE

BOEHNER RULE OF DOLLAR FOR

DOLLAR, CUTS SUPPORT

SPENDING.

UNFORTUNATELY, IT LOOKS LIKE

REPUBLICANS ARE GOING TO BE

CONSIDERABLE LESS AMBITIOUS

THAN THAT.

THEY'RE TALKING ABOUT

REQUIRING THE PRESIDENT TO

APPROVE THE KEYSTONE X.L.

PIPELINE, WHICH WOULD BE A

GREAT VICTORY FOR JOBS AND

THE ECONOMY, OR SOME

PROVISIONS RELATED TO HEALTH

CARE, SUCH AS PROHIBITING A

BAILOUT OF THE INSURANCE

COMPANIES.

OR POSSIBLY DELAYING THE

MANDATE PUNISHING PEOPLE FOR

NOT BUYING INTO THIS FAILED

HEALTH CARE SYSTEM.

I HOPE THEY CAN USE THIS AS

A MECHANISM TO GET AT SOME

PHYSICAL SANITY AND AT LEAST

FORCE THE SENATE TO VOTE ON

SOME OF THESE MEASURES.

HARRY REID AND THE SENATORS

ARE NOT EVEN CONSIDERING

ANYTHING LIKE THIS.

WE'RE GOING TO HAVE TO GET

THE GOVERNMENT PROGRAMS ON A

MUCH MORE SUSTAINABLE PATH.

AND UNFORTUNATELY, THAT IS

NOT EVEN ON THE TABLE IN

THESE TALKS.

Heather: PHIL KERPIN,

THANKS, AS USUAL, FOR YOUR

INSIGHTS.

MY PLEASURE.

Heather: AND TURNING

OVERSEAS, PROTEST LEADERS IN

UKRAINE ARE SEEKING

CONSTITUTIONAL REFORMS TO

MAKE CHANGES IN THEIR

GOVERNMENT.

PARLIAMENT TOOK UP THOSE

MEASURES TODAY.

MEANWHILE, PROTESTORS ARE

STILL MAKING THEIR VOICES

HEARD.

AND DURING ALL THE POLITICAL

STRIFE, CHRISTIANS ARE

SPREADING THE GOSPEL.

GEORGE THOMAS HAS MORE.

George: ALL EYES ARE ON

THE UKRAINIAN PARLIAMENT

TODAY AS LAWMAKERS DEBATE

THE CONSTITUTION, AS WELL AS

PRESIDENTIAL POWERS.

AND WHILE THEY MEET, TENS OF

THOUSANDS OF UKRAINIANS

CONTINUE TO DEMONSTRATE ON

THE STREETS OF KIEV, AS THEY

HAVE DONE SO SINCE LAST

NOVEMBER.

DEMANDING THAT THE UKRAINIAN

PRESIDENT, VIKTOR

YANUKOVYCH, STEP DOWN FROM

POWER.

THIS IS BECAUSE HE DECIDED

TO REBUFF ON A MULTI-BILLION

DEAL THAT WOULD HAVE BROUGHT

CLOSER RELATIONS WITH THE

EUROPEAN UNION.

THIS PAST SUNDAY, AS

THOUSANDS WERE GATHERING ON

INDEPENDENCE SQUARE, THE

EPICENTER OF THE POLITICAL

CRISIS, HUNDREDS OF

CHRISTIAN VOLUNTEERS ALSO

SIGNED UP.

THEY HAD A MISSION.

THEY HAD 15,000 COPIES OF

THE GOSPEL OF JOHN TO HAND

OUT.

PEOPLE ARE LOOKING TO THE

POLITICIANS TO SOLVE OUR

CRISIS, BUT WE'RE HERE TO

SAY IT IS NOT POLITICS, BUT

JESUS CHRIST WHO IS THE

ANSWER FOR UKRAINE.

George: AND SINCE LAST

NOVEMBER, THE CHURCHES HERE

IN UKRAINE HAVE BEEN

ACTIVELY INVOLVED.

THEY HAVE CEASED THE

OPPORTUNITY TO SPEAK TRUTH

AND HOPE INTO THE POLITICAL

CRISIS.

CHURCHES HAVE HELD 24-HOUR

PRAYER VI VIGILS, AND CBN

KIEV HAS BEEN ACTIVE AS THEY

HAVE BEEN IN THE LAST 20

YEARS, TO SHARE THE GOSPEL

OF JESUS CHRIST.

ONE OF THE THINGS THAT IS

EXCITING TO ME IS THAT WE

ARE NOT EMBARRASSED TO NAME

THE NAME OF GOD.

NOT EMBARRASSED TO NAME THE

NAME OF JESUS CHRIST.

WE'VE GOT PLACARDS DOWN

THERE ON MIDONG, OF SAYING,

"PRAY TO JESUS.

JESUS HAS THE FUTURE OF OUR

NATION."

AND THEY'RE PRAYING FROM THE

STAGE DOWN THERE, MORNING

AND NIGHT.

THEY OPEN UP EVERY MORNING

WITH THE LORD'S PRAYER.

George: CBN NEWS HAD AN

EXCLUSIVE INTERVIEW WITH THE

FORMER HEAD OF THE MINISTER

OF DEFENSE HERE IN UKRAINE.

HE TOLD ME HOW ENCOURAGED HE

WAS BY THE ROLE OF CHURCH

WAS PLAYING.

ALL CHURCHES, ALL

DENOMINATIONS, WITH NO

EXCEPTIONS, THEY ARE HERE.

THEY ARE SPREADING AN

IMPORTANT MESSAGE ON THOSE

BARRICADES.

WHEN THE POLICE STARTED TO

ATTACK, IT WAS THE

CHRISTIANS WHO STOOD AND

CALLED FOR PEACE.

George: AS I HAVE SPENT

TIME HERE ON THE STREETS OF

KIEV, MEETING WITH

DEMONSTRATORS, BUT ALSO MORE

IMPORTANTLY WITH THE

CHURCH.

THEY SAY THEY'LL CONTINUE TO

SPEAK HOPE AND LAY THE

BIBLICAL FOUNDATIONS THEY

PRAY WILL ONE DAY BRING

PEACE AND PROSPERITY TO

THEIR NATION.

GEORGE THOMAS, CBN NEWS,

KIEV, UKRAINE.

Heather: THE BATTLE

OVER GAY MARRIAGE IS PLAYING

OUT IN A VIRGINIA

COURTROOM.

A FEDERAL JUDGE IN NORFOLK

HEARD ARGUMENTS TODAY ON

WHETHER THE STATE'S VOTER

APPROVED BAN ON SAME-SEX

MARRIAGE IS CONSTITUTIONAL.

GAY COUPLES ARE SUING TO

OVERTURN THE LAW.

VIRGINIA'S NEWLY ELECTED

DEMOCRATIC ATTORNEY-GENERAL

MARK HERRING SAYS HE WON'T

DEFEND THE BAND.

THE RELIGIOUS GROUP

"ALLIANCE DEFENDING FREEDOM"

IS STANDING BEHIND

TRADITIONAL MARRIAGE IN THIS

STATE.

VIRGINIANS BELIEVE AS

THEY ALWAYS HAVE, THAT EVERY

CHILD HAS A RIGHT TO KNOW,

LOVE, AND BE RAISED BY THE

MOM AND DAD THAT BROUGHT

THEM INTO THIS WORLD.

MARRIAGE IS ANCIENT BECAUSE

IT IS DEPENDENT ON THE

DIVERSITIY OF MEN AND

WOMEN.

THAT'S WHY MARRIAGE LAWS ARE

CONSTITUTIONAL, AND WE

BELIEVE THEY SHOULD BE

UPHELD.

Heather: NATIONWIDE,

ACTIVISTS ARE CHALLENGING

MORE THAN A DOZEN STATE LAWS

BANNING SAME-SEX MARRIAGE.

SCOTLAND HAS PASSED A

MEASURE LEGALIZING GAY

MARRIAGE.

THE MARRIAGE AND CIVIL

PARTNERSHIP BILL MADE IT

THROUGH PARLIAMENT IN A VOTE

OF 105 TO 18.

THE SCOTTISH GOVERNMENT SAYS

PASSING THE MEASURE WAS THE

RIGHT THING TO DO, EVEN

THOUGH IT FACED OPPOSITION

FROM THE CHURCH OF SCOTLAND

AND THE SCOTTISH CATHOLIC

CHURCH.

THE MEASURE SAYS RELIGIOUS

GROUPS CANNOT BE FORCED TO

PARTICIPATE IN GAY

MARRIAGES.

AND COMING UP, WHY THE

SUDANESE PRESIDENT IS

SEEMINGLY WAGING WAR AGAINST

HIS OWN PEOPLE.

Heather: A SECOND ROUND

OF PEACE TALKS BETWEEN THE

SOUTH SUDANESE GOVERNMENT

AND REBEL FACTIONS IS SET

FOR FRIDAY.

A CEASE-FIRE IS IN PLACE IN

THAT CONFLICT.

BUT IN NEIGHBORING SUDAN,

THE ISLAMIST GOVERNMENT HAS

STEPPED UP ATTACKS,

ESPECIALLY AGAINST CIVILIANS

IN THE NUBA MOUNTAINS.

GARY LANE REPORTS.

Reporter: SEDAN'S NUBA

MOUNTAINS USED TO BE A

SERENE PLACE, ONE WHERE

MUSLIMS AND CHRISTIANS LIVED

SIDE BY SIDE IN PLACE, IN

KINKING OUT A LIVING IN

FARMING.

BUT THIS IS THEIR EXPERIENCE

IN 2014.

FOR MORE THAN TWO DECADES,

SUDANESE PRESIDENT OMAR

al-BASHAR, HAS WAGED WAR

AGAINST THE PEOPLE IN THE

STATE.

MUSLIMS AND CHRISTIANS ALIKE

HAVE RESISTED HIS EFFORTS TO

ISLAMIZE THEM.

HE BELIEVES THEY SEE HIM AS

INFIDELS.

AND HE WANTS TO KILL THEM

FOR THEIR OIL.

THIS MAN SAYS MANY AMERICANS

MISTAKENLY BELIEVE THAT

FIGHTING ENDED IN THE NUBAS

WHEN SOUTH SUDAN GAINED

INDEPENDENCE.

HE SAYS THE OPPOSITE IS

TRUE.

THE WAR AGAINST HIS PEOPLE

IS ESCALATING.

EVERY DAY, DAILY, THEY

ARE DESTROYING THE SCHOOLS,

EVEN THE FACILITIES, THE

HEALTH CENTER, THE

CHARITIES, AND EVERYTHING.

Reporter: ACCORDING TO

THE NEWS SERVICE, NUBA

REPORTS, SUDAN GOVERNMENT

BOMBINGS IN THE NUBA

MOUNTAINS INCREASED FROM 28

IN 2013, TO AT LEAST 120 TWO

MONTHS LATER.

LATE LAST MONTH, A BARAGE OF

ROCKETS HIT A SCHOOL, AND

NEAR THE MARKETPLACE IN THE

CITY OF COWDA.

WHILE NO ONE WAS KILLED, THE

NUBANS WERE ALARMED.

AND PARACHUTE BOMBS ARE MORE

DEADLY BECAUSE THEY'RE MUCH

QUIETER AND LESS NOTICEABLE

WHEN THEY FALL FROM THE

SKY.

IT IS JUST LIKE TOTALLY

FOCUSING TO DESTROY THE LIFE

OF THE PEOPLE.

THEY TARGET EVEN THE

CIVILIANS.

THIS IS THE SITUATION.

Reporter: RELIGIOUS

FREEDOM ADVOCATE, TINA

RAMIREZ, OF "HARD WIRED,"

SAYS BASHAR IS AT THE HEART

OF EVERY BOMBING.

IT IS EXTREMELY

OPPRESSIVE, AND ON EVERYBODY

ELSE IN SUDAN, AND THAT

INCLUDES SOUTH SUDAN.

SO HE IS CONSTANTLY PITTING

GROUPS OFF OF EACH OTHER AND

INSTIGATING PROBLEMS EVEN IN

SOUTH SUDAN.

Reporter: THE

INTERNATIONAL CRIMINAL COURT

HAS ISSUED A WARRANT AGAINST

BASHAR FOR WAR CRIMES AND

CRIMES AGAINST HUMANITY.

SO FAR THE SUDANESE

PRESIDENT HAS AVOIDED

ARREST.

AND WE'RE NOT DOING ANYTHING

TO BRING HIM IN.

SO WHAT CAN WE DO AS THE

U.S.?

AS THE CHURCH OR

NON-GOVERNMENTAL

ORGANIZATIONS, WE CAN COME

ALONGSIDE THE PEOPLE OF

SUDAN TO MAKE SURE THEY HAVE

THE TRAINING TO ARTICULATE

TRUE HUMAN RIGHTS AND

FREEDOM.

WITHOUT RELIGIOUS FREEDOM,

THERE WILL BE NO PEACE IN

SUDAN.

Reporter: FOR

CHRISTIANS AND MUSLIMS

ALIKE, FROM CARTUEN SOUTH TO

THE NUBA MOUNTAINS, CBN NEWS

NEWS.

Heather: FOR MORE, YOU

CAN CHECK OUT GARY'S BLOG,

THE GLOBAL LANE.COM.

AND UP NEXT, CBN NEWS SITS

DOWN WITH CUBA GOODING, JR.

TO TALK ABOUT HIS LATEST

ROLE, AND THE MAN WHO

INSPIRED IT.

Heather: MURDER IS A

LEADING CAUSE OF DEATH AMONG

AMERICAN TEENAGERS.

THAT FACT LED ONE MAN TO

SPEND MORE THAN 30 YEARS

TRYING TO SAVE LIVES ALL BY

USING A BOARD GAME.

HIS STORY IS TOLD IN A NEW

FILM STARRING OSCAR WINNER

CUBA GOODING, JR.

EPHRAIM GRAHAM SITS DOWN

WITH THE STAR OF "LIFE OF A

KING," AND THE MAN WHO

INSPIRED THE STORY.

Reporter: WASHINGTON,

D.C., HOME TO MORE THAN A

HALF MILLION PEOPLE.

AND AT LEAST A MILLION

STORIES.

THIS ONE BEGINS AT A LITTLE

WHITE HOUSE, JUST SEVEN

MILES FROM 1600 PENNSYLVANIA

AVENUE.

THIS IS THE STORY OF A

CHESS CLUB, FOUNDED FOR

INNER CITY YOUTH.

IT'S DIFFERENT FROM MOST,

AND DISTINCT WISHED

DISTINGUISHED OF NOT JUST

TEACHING CHESS, BUT TO TEACH

CHILDREN TO RATIONALIZE

AGAINST TREACHERY AND LIES.

EMBED THIS VIDEO

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