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what's up Superstar Fray all day way to
crank out another week hope it's been a
great one and hope your weekend's about
to be epic I'm Coy this is cnn1 let's
start today talking about the current
housing market in the United States an
increasing number of potential firsttime
home buyers are becoming concerned that
they simp might not be able to afford a
home according to a new Gallup survey
three out of every four Americans say
it's a bad time to buy we have a
generation today who I think is more
pessimistic than any other generation
about even the chance that they'll ever
be homeowners now Young Americans have
been battling a onew punch of high home
prices and painful mortgage rates it's
important to understand how these two
things work high prices are fairly
straightforward homes are really
expensive in fact it's likely the most
expensive purchase you'll ever make
right a mortgage rate is how much you'll
have to pay to borrow money to make that
purchase right now that number is around
7% unfortunately higher interest rates
are really the wet blanket of spring
right now all right let's say you wanted
to buy a
$400,000 house today and you needed to
borrow money from the bank well with a
30-year fixed mortgage with a 7%
interest rate you'd pay back back your
loan over 30 years with that same 7%
interest rate and by the end of the 30
years you would have ended up paying
$750,000 for a
$400,000 home home ownership which has
traditionally been a vehicle of wealth
accumulation for the typical American
household is just unavailable to a large
segment of the population so we really
have a kind of a tail of to Americas
that's emerged now at the same time
Rising home prices have boosted
homeowners net worth that's great for
homeowners but it doesn't help home
buyers or potential buyers who are
trying to purchase their first house we
continue to see multiple offers three
offers for every home that's listed as
an average so those bidding wars are
continuing with that luck inventory
mortgage rates should drop once the
Federal Reserve lowers interest rates
but inflation has been really stubborn
and it's taken longer than expected
that's led many Young Americans to
continue renting or to live at home with
family 10-second trivia when was the
first presidential debate televised 1954
1960 1972 or
1980 if you said 1960 slay the first
televised presidential debate was
between John F Kennedy and Richard Nixon
and it took place in 1960 it was
straight from a television studio with
no live audience
President Joe Biden and former president
Donald Trump have accepted CNN's
invitation to debate in June this is an
historically early debate that will set
the tone for the final months of the
2024 campaign and it's Unique because
it's a presidential debate between two
people who've already done the job both
men also accepted an invitation for a
second debate in September President
Biden released an ad campaign confirming
his participation we'll make my day pal
I'll even do it twice so let's pick the
dates Donald I hear you're free on
Wednesdays former president Trump
replied on Truth social by posting I am
ready and willing to debate crooked Joe
at the two proposed times in June and
September now former president Trump
added that he would strongly recommend
more than two debates these are certain
to be highly anticipated debates here's
CNN's Brian Todd with some of the
greatest moments in presidential debate
history for more than 60 years televised
presidential debates have provided us
with extraordinary decisive moments
which often changed the tenor of the
race the candidates need no introduction
September 1960 in the very first
televised presidential debate Richard
Nixon who was Ill was visibly sweating
compared to his cool and Youthful
opponent John F Kennedy when the two
were viewed side by side and you asked
yourself whose finger would you like to
be on the nuclear button it became clear
you didn't want the sweaty guy from
California in 1984 Ronald Reagan then 73
years old used humor toly deflect
concerns about his age in a debate with
Walter Mondale I am not going to exploit
for political purposes my opponent's
Youth and
inexperience the effect was magical and
politically devastating for Walter
mundel most of those defining moments
came with no warning or calculation a
bad moment in a debate can hurt you
significantly more than a good moment
can help you in the presidential debate
in 1988 Dan Quail characterized himself
as a republican version of a young John
Kennedy which teed up his opponent Lloyd
Benson perfectly
Senator I served with Jack Kennedy I
knew Jack
Kennedy Jack Kennedy was a friend of
mine Senator you're Know Jack
Kennedy there were the wordless missteps
the body language gffs 1992 George HW
Bush looking out of touch by glance at
his watch when an audience member spoke
about the lagging economy 2000 Al Gore
audibly sighes differ and in another
debate that year Gore gets a little too
close to George W bush on
stage any little tick or habit that a
candidate may have is something that
voters could seize on uh and it could
change the way they view the candidate
if there are colorful moments like those
in the debates coming up analyst Laura
Baron Lopez says she she doesn't believe
they'll be as impactful as those past
moments were because she says so many
Americans have already decided who
they're going to vote for and those
moments no matter how Sensational simply
won't move the needle as much Brian Todd
CNN
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Washington let's head to South Korea for
today's story getting a 10 out of 10
Souls annual space out competition it's
not about the stars or planets or
anything like that it's about
challenging the social Norm that
downtime is a waste of time the
competition is trying to show that doing
absolutely nothing can be valuable CNN's
Hano Montgomery has more a crowd
Gathering media jostling for the best
spot to catch sight of a fierce
competition among more than a 100 people
in South Korea recently they are
rivaling each other in Soul's annual
space out competition where contestants
have to zone out for 90 minutes without
falling asleep or checking their phones
the winner gets determined based on
audience votes and competitors heart
rate this year more than 4,000 people
applied to participate in the
competition the city government says
from an Olympic Athlete to Bakers
contestants came dressed in clothes that
reflect their different
professions I tried out for the Olympics
five times and have never taken a proper
rest while training for 30 years I heard
this place is where I can clear my mind
and rest at least during this time so I
came here thinking wow this is what I
needed so
much while we stare at the oven we see
customers outside the window going out
after buying bread while we work in the
hot heat we're so tired and exhausted so
we wanted to relax our mind since its
first competition in Soul in
2014 the contest has expanded
internationally taking places in cities
like Beijing and
Tokyo for this year's competition in
Soul the winning trophy went to a
freelance broadcaster Quan Sawa who
works multiple jobs I think especially
here in Korea it's such a competitive
country uh where people think that if
they do nothing that they are a little
behind so I think everyone has to uh
have their own pace and sometimes just
slow
down had Montgomery
CNN smell the flowers cool the soup it's
Friday I want to give a shout out to Mr
Francisco's American studies class at
Rogers High School in Toledo Ohio today
Rams you rock next this shout out goes
to miss Mormon and Mr cree's social
studies class at Georgia Academy for the
blind in making Georgia rise up I hope
you have an awesome weekend don't ever
underestimate your ability to make
someone's day you are more powerful than
you know I'm qu this is CNN 10 it's been
a blessing to spend this week with you
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