With less than a month to go before the presidential election, former Hewlett-Packard CEO and 2016 GOP presidential candidate Carly Fiorina, is among the growing list of Republicans backing the Biden-Harris ticket.
‘[Joe Biden] is the only one who’s prepared to actually reach his hand across the aisle, sit down, listen to people who don’t agree with him, and work together to solve problems,” Fiorina told Cheddar’s Closing Bell. “That’s what our nation needs now.”
Fiorina first announced her support for Joe Biden in June. She told Cheddar it was the end of 2019 when she realized she could not support President Donald Trump’s re-election campaign. “As a businessperson, I judge someone on the results they produce, their leadership, and their behavior,” Fiorina said. “I think he has honestly failed most leadership tests that have come his way.”
When it comes to the 2020 election, Fiorina says it’s more than just various issues at stake; she called it a matter of the nation’s unity. “This country has got to come back together otherwise we cannot move forward.”
Unsurprisingly, Fiorina said she doesn’t agree with everything on the Democratic platform. She also admitted she doesn’t agree with some policies “the Trump Republican Party” has pushed. Specifically, Fiorina pointed to the administration’s handling of immigration and what she described as the growing consolidation of power in the executive branch. As a businessperson, she also pointed to the country’s growing debt and deficit and Trump’s foreign policy record.
When it comes to foreign policy, relations with China are top of Fiorina’s mind. It’s one point she agrees with the president on. “I think it was right for Donald Trump to say we are going to have to challenge China.” But she did have criticisms for the way the Trump administration went about negotiating with the superpower. “If we're going to be successful in challenging China, we need to be consistent, persistent, and strategic,” Fiorina said. “Donald Trump has been extremely inconsistent.”
Fiorina highlighted China’s increased aggression in the South China Sea, its actions against Taiwan, and continued theft of U.S. intellectual property. She said the only way forward is for the government and businesses to find a way to work together. “Which we’re not doing right now,” she added.
As a former tech CEO, Fiorina knows about the power the tech industry has in the marketplace and with consumers — and the response Washington has to that kind of largely-unregulated power. She stated that the pandemic’s acceleration of trends around the tech sector's influence is concerning lawmakers from both sides of the aisle. “Big tech is not going to have an open field going forward, in my view, no matter who wins the White House.”
Student loan collection company Navient agreed to cancel $1.7 billion in debt and paid more than $140 million in other penalties to settle a lawsuit over abusive lending practices. Josh Shapiro, the attorney general of Pennsylvania who led negotiations in the settlement, joined Cheddar to go over the details of the company's predatory lending. "What Navient would do is charge [borrowers] these exorbitantly high rates, even though they knew people couldn't pay them or they would likely default on them," he explained.
The January 6 committee has subpoenaed four tech giants for more information on what they did and didn't do leading up to last year's deadly Capitol insurrection. Google, Facebook, Twitter, and Reddit were asked to assist the investigation in August, but the committee says their responses have been 'inadequate.' Craig Timberg, a national technology reporter at the Washington Post, joins Cheddar News' Closing Bell for more details about the subpoenas, why this is happening now, and how it might impact social media companies moving forward.
With the Australian Open set to begin on Monday, Novak Djokovic is once again being threatened with deportation from Australia after his visa was briefly reinstated and revoked again over alleged discrepancies. Djokovic’s team will sit for an Immigration hearing on Saturday.
Makena Kelly, politics reporter at The Verge, joins Cheddar News to discuss what's next for net neutrality as Biden's other nominee for the FCC, Gigi Sohn, awaits votes from the committee and Senate.
Jewell Jackson McCabe, chair of the Keep Love Alive Campaign and founder of the National Coalition of 100 Black Women, and Marvin Owens, chief engagement officer of Impact Shares and former senior director of Economic Development at the NAACP, join Cheddar News to reflect on racial issues still prevalent in America.
Hagar Chemali, Host of 'Oh My World' on Youtube and Former Spokesperson for the U.S. mission to the UN, joined Wake Up With Cheddar to share her expert insight into what the future of diplomacy could look like as the Russia-Ukraine crisis deepens.
Markets opened higher on the first trading day of the new year as investors continue to watch inflation and the rapid spread of the omicron variant in the U.S. Frances Newton Stacy, Optimal Capital Dir. of Strategy/Market Analyst joined Cheddar's Opening Bell to discuss.
Markets opened lower this morning as investors rounded out a wild 2021. Jay Hatfield, CEO Infrastructure Capital Advisors, joined Cheddar's Opening Bell to discuss which sectors and industries to watch in the new year.
Markets opened higher as investors react to positive data on the labor front, with weekly jobless claims falling to 198,000 for the week ending December 25. Ross Mayfield, investment strategy analyst at Baird joined Cheddar's Opening Bell to discuss the market open.
