Underrepresentation of women in key media roles has been a consistent theme throughout the years. The discrepancy has been even more pronounced among minorities. Brande Victorian, Managing Editor at Madamnoire, and Robyn Moreno, Co-President at Latina Media Ventures join us on Cheddar to discuss diversity in media.
Victorian chats about the biggest challenges of being part of a minority-run publication. Victorian said a big challenge is advertising. Competition is stiff, and they don't typically have the same funding as large corporations such as Vice and Complex.
Moreno weighed in by saying minority work has never been more important due to the current political climate.
Latinos made up just 3% of speaking roles in the top 100 films in 2016, despite making up about 26% of the U.S. population. Moreno said Latinos are holding up the movie industry. She said 1 in 4 movie tickets are bought by Latinos. Not only isn't it insulting, she said, but it's also bad business.
Nicola Mendelsohn, vice president of the global business group at the newly-christened Meta, joined Cheddar to discuss what went into the re-branding of Facebook's parent company. Regarding criticism that the name change might be a way for the company to deflect from news of its role in allegedly undermining child safety, growing political strife, and spreading vaccine disinformation, she noted that the process began even earlier. "Something like this takes a long time to pull together," Mendelsohn said.
Matt Orton, Chief Market Strategist at Carillon Tower Advisers, joins Cheddar News' Closing Bell to discuss today's record close for the S&P 500 and Nasdaq, market broadening, and earnings results from tech giant Amazon.
Proptech startup Juno recently raised $20 million in a Series A funding round. The company says the funds will be used to further its mission of building sustainable and affordable apartment buildings across the United States. Juno Co-Founder and CEO Jonathan Sherr joined Cheddar News' Closing Bell to discuss.
As President Joe Biden heads to Europe for the G20 and the United Nations COP26 climate meeting, he has announced a new $1.75 trillion spending framework. Senate Democrats are reportedly close to agreeing on passing the legislation, but it hangs in the balance as President Biden and other world leaders will meet at COP26 and Biden looks to proclaim the U.S. a leader on climate issues. Vox Senior Reporter Rebecca Leber joins Cheddar News' Closing Bell to discuss the $555 billion worth of clean energy initiatives Biden included in the framework, and how Democrats' continuing negotiations undermine U.S. climate leadership.
Huntington Bancshares Inc. reported Q3 earnings today. The bank holding company delivered a record $1.7 billion in revenue, but saw some pressure on its bottom line. The company says results were driven by its recent acquisition of TCF bank, as well as positive trends in areas like wealth management, capital markets, and card and payments processing. Cheddar News welcomes the chairman, president and CEO of Huntington Bancshares, Steve Steinour, to discuss.
While the Q3 GDP report showed just 2 percent growth for the U.S. economy, the National Retail Federation said holiday shopping totals could shatter previous records, giving a much-needed boost. Katherine Cullen, senior director of industry and consumer insights for the National Retail Federation, joined Cheddar to discuss some of the potential drivers of a Q4 shopping boom, including a surge in holiday gatherings after the pandemic had forced people to stay away from family in 2020 and financial stability within American households.
Solo Brands ($DTC), maker of steel wood-burning stoves and other outdoor brands, made its NYSE debut on Thursday. CEO John Merris stopped by Cheddar's "Closing Bell" to talk about the decision behind the IPO and the company's experience in direct-to-consumer retail and e-commerce. Merris said that after going public the immediate goal for the company is to focus on overseas expansion. "Internationally, there's been a lot of demand and chatter from our customers of wanting us to launch there," he said.
Boxing Legend Mike Tyson, Chief Brand Officer, of Tyson 2.0 and Chad Bronstein, Chairman of Tyson 2.0, joined Cheddar News to discuss venturing into the cannabis industry.
