The Trump administration announced plans Friday to speed up coronavirus testing, introducing an emergency hotline for companies and private laboratories developing quicker tests and seems on a path to a multi-billion-dollar federal plan with Congress amid reports the president will declare a national emergency later today.
"I hope he does it, it's the right thing to do, it will free up states and local communities to act more aggressively," Rep. Ami Bera (D-Calif. 7th District) told Cheddar on Friday.
The administration is catching up to warnings health officials have been making for weeks about the United States's lack of preparedness for what is now a pandemic. Bera, a physician himself, said the new measures will allow community health centers taking care of Medicaid patients to be reimbursed for telemedicine.
"If you can manage [sick patients] using technology, using telehealth, telemedicine and they can stay at home, that is actually a good thing, that will help slow the spread," he said.
Though telemedicine may help treat patients without potentially infecting those they come in contact with, a lack of test kits will impede physicians’ ability to track patients.
"What I’ve suggested to the administration is, look, if South Korea can do it, pick up the phone, call the Korean company that’s making these tests and see if you can’t just license those tests and get it sent over here if it’s taking so long for us to do it," he said.
While health workers attempt to slow the spread of the virus, politicians are still at work on a bill, which appeared to hit a roadblock today over disagreements about paid sick leave. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have been negotiating the plan, which House Democrats are expected to vote on today.
"We're told that they're pretty close," Bera said. "Workers, families, those hourly wage folks, they're going to be hurt immediately. This is America, we don't let people fall down like that."
Beginning in November, fully vaccinated international travelers will be able to enter the United States after months of travel restrictions. People under the age of 18 and those from countries without easy access to vaccines will not be required to be vaccinated but all travelers will need to show negative COVID test results before entering.
Apple could soon face a Department of Justice antitrust lawsuit after intensifying its probe into the tech giant, according to a report. The added scrutiny comes after the tech giant had already faced questioning in Washington and concluded an antitrust case brought by Epic Games.
Last week, shares of Digital World Acquisition Corp skyrocketed after following Former Present Trump's announcement that he would be partnering with the company as part of a Special Purpose Acquisition Company, or SPAC. Christian Munafo, Chief Investment Officer of Liberty Street Advisors and portfolio Manager of the Private Shares Fund broke down the latest, including whether or not Wall Street is currently experiencing a SPAC boom.
Jill and Carlo cover the news out of Facebook's latest earnings, Tesla's monumental day, Dave Chappelle addresses controversy and the tragedy of the climate emergency.
Stocks began the week on a high note, with two indexes - the Dow and the S&P 500 - each closing at a record high. Brian Levitt, Global Market Strategist at Invesco, joins Cheddar News' Closing Bell, where he explains why the conditions were in place for a jump during the session and provides insight on inflation concerns in the United States.
The price of Bitcoin hit a new all-time high last week following the Wall Street debut of ProShares Bitcoin Strategy ETF. Todd Cipperman, Founding Principal for Cipperman Compliance Services, joins Cheddar News' Closing Bell, where he explains why ProShares' ETF got off to a hot start while Valkyrie's Bitcoin Strategy ETF, which debuted just days later, did not.
Rishi Bharwani, the director of partnerships and policy for nonprofit Accountable Tech, joined Cheddar to discuss the hot button topic of regulatory oversight of social media giant Facebook. Bharwani discussed the bipartisan pieces of legislation already making their way through Congress and said the body should pass stronger data privacy laws, ban surveillance advertising, and require meaningful accountability and transparency from the company. "Now I think we've reached a boiling point where congressional action is needed and inaction is no longer acceptable," he said. Bharwani also called for a concurrent investigation into Mark Zuckerberg's company.
The United Nations COP26 climate talks are scheduled for October 31 to November 12 in Glasgow, Scotland. Heads of state will be joined by private sector leaders to once again discuss the shrinking window of time left to take action against global temperature rise. Barbara Humpton, CEO of focused technology company Siemens U.S., is also attending and spoke to Cheddar about what she hopes to see during the conference for both the public and private spheres. "What we are really urging is that there are large commitments made in Glasgow and that we really commit to this next decade of action," she said.
Jessica Mason Pieklo, Senior Vice President and Executive Editor at Rewire News Group and co-host of the Rewire News Group podcast, 'Boom! Lawyered,' joins Cheddar News to discuss the Supreme Court decision to hear Texas abortion ban cases on Monday, November first and the complicated timeline of legal challenges up to this point.
