The number of COVID-19 cases is hitting a record high all across the U.S., suggesting the second coronavirus wave is underway. President-elect Joe Biden said fighting the pandemic will be his top order of business, but with his inauguration more than two months away, there is concern the fight against the virus could be insurmountable by then.
Among those vying for immediate action to be taken is Rep. Ami Bera (D-Calif. 7th District), who worked as a doctor before he was elected to Congress.
"We all know the outcome of this presidential election. I would hope the career scientists and others at the FDA, at the CDC, would start working with the Biden administration. And you're seeing some of that messaging change a little bit, but Donald Trump's unpredictable," Bera told Cheddar.
It's not just Americans' health at stake; it is also the health of the U.S. economy Bera is concerned about. Last week 709,000 Americans applied for first-time unemployment benefits. While that number better than expected, jobless claims are still exceedingly high across the U.S., a sign that relief for Americans should remain a priority, Bera said.
"I don't think we can wait until January 20th. I think we've got to get something done in this Congress, in the lame-duck session," he continued.
Getting the Vaccine Out
The California congressman suggested that the Biden administration will provide a "180-degrees difference" when it comes to strategizing the country's way out of the pandemic and will be led by science. Still, he believes there will be difficulty in distributing a vaccine once it becomes widely available.
"This is going to be a major logistical lift here in terms of how you get that out there, particularly if it is the Moderna or Pfizer vaccine because of the cold storage issues. They have to be kept at very cold temperatures," he explained.
When it comes to distributing the vaccine, Bera said workers on the frontlines of the pandemic, those at high risk of infection, and people in the hardest-hit communities should be tended to first.
With the holidays just weeks away, the pandemic is only expected to worsen and until a vaccine is ready, Bera said Americans must do their part and move responsibly.
"Everyone really should take the caution, wear a mask, avoid big gatherings, particularly big indoor gatherings," he said.
The government should also prepare the public for a vaccine, if and when it becomes available. "Between now and when that vaccine's available, let's have positive messaging and reassure the public that the science is going to drive when that vaccine is ready," he said
Russian lawmakers have given President Vladimir Putin a military force authorization in Ukraine, and President Biden has described Putin's announcement declaring the independence of two provinces within Ukraine and his subsequent deployment of peacekeepers as tantamount to "invasion. David Tafuri, a former Obama campaign foreign policy advisor and Bush State Department official, joined Cheddar News to discuss. "The Ukrainian military occupies more than 70 percent of those provinces still," Tafuri said, noting Putin alleged having a responsibility to defend those regions. "This would put Ukrainian forces and Russian forces right at each other engaged. And that might be how the war starts."
The major indexes ended Tuesday's session sharply lower due to escalating tensions between Russia and Ukraine. Bill Stone, Chief Investment Officer at The Glenview Trust Company, joins Cheddar News' Closing Bell, where he reminds viewers that Wall Street doesn't like uncertainty, and more of the recent losses are due to geopolitics than inflation.
Karim Hijazi, CEO of Prevailion, joins Cheddar News' Closing Bell, where he says that crypto's decentralized nature will pose obstacles for the FBI's new crypto unit, but it will also make progress with items such as managing fraudulent exchanges.
The Retail Industry Leaders Association released a report alleging the safety risks, economic losses, and potential job losses they link to a surge in shoplifting crimes in the United States. Lisa LaBruno, senior EVP of retail operations at the trade organization, joined Cheddar News to discuss the impact of websites that allow for the resale of unverified goods and passing the INFORM Consumers Act to stamp it out. “We need to hold the online marketplaces accountable for being a favored venue for criminals to resell stolen product," LaBruno said. "And that is exactly what the INFORM Act is designed to do."
The East-West faceoff over Ukraine has escalated dramatically, with Russian lawmakers authorizing President Vladimir Putin to use military force outside his country and President Biden and European leaders responding by slapping sanctions on Russian oligarchs and banks.
Stocks closed broadly lower Tuesday after Russia sent forces into Ukraine’s eastern region and the U.S., European Union and U.K. responded with economic sanctions.
President Biden says he’s “convinced” that Russian President Vladimir Putin has decided to launch a further invasion of Ukraine, saying Friday he has “reason to believe” it will occur in the "coming days."
