President Trump struck a more positive tone in his first ever State of the Union address to Congress Tuesday night, but did he succeed in uniting a divided Washington? Cheddar's J.D. Durkin and Baker Machado break down all the biggest moments from the president's speech.
The economy took center stage in President Trumps's speech Tuesday night. He took the opportunity to highlight newly-enacted tax reform, one of his most visible accomplishments since taking office. Trump pointed to Apple's recent decision to invest in the U.S. as an example of tax reform's success.
President Trump also laid out his immigration plan and called on Congress to pass legislation. His plan includes protection for Dreamers as well as funding to build a wall on the U.S.-Mexico border. This elicited boos from Democratic lawmakers who have been vocal critics of the border wall.
Erin Delmore, senior political correspondent at Bustle, also joined us to give her take on the president's speech. Even though Trump's last year in office has been divisive, his State of the Union address struck a unifying tone. But Delmore says it remains to be seen whether Trump's message won over skeptical voters.
Catching you up on the stories you need to know this morning, the U.S. could soon get its first major gun safety law in years, the House Select Committee investigating the January 6th attack on the U.S. capitol holds its second hearing, and today might just be the day the Supreme Court overturns Roe v. Wade, and decides on new gun laws.
U.S. stocks closed Thursday at their lowest levels of the trading day, as investors continue to eye inflation ahead of the May CPI report out Friday. Art Hogan, Chief Market Strategist for National Holdings, joins Cheddar News' Closing Bell to discuss.
The PGA has suspended 17 golfers, including Phil Mickelson and Dustin Johnson, who are competing in a Saudi-backed golf event outside of London. In a memo, commissioner Jay Monahan said "these players have made their choice for their own financial-based reasons", announcing they are ineligible to participate on the PGA tour or any other tours it sanctions. Hugh Kellenberger, Senior Managing Editor at the Athletic, breaks down the controversy, and what might happen next.
U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Benefits brokerage, Nava Benefits, raised $40 million in a Series B round. Nava says it's on a mission to fix healthcare, one benefits plan at a time. The startup is working to bring benefits to small business that are normally available to only Fortune 500 companies. Brandon Weber, Co-Founder and CEO of Nava Benefits, joined Cheddar News' Closing Bell to discuss.
