Health and Human Services Secretary Alex Azar received some support from a fellow previous holder of the cabinet position.
"When it comes to pandemics, anything that you say in advance of a pandemic sounds alarmist and anything you've done after it starts is inadequate," former Utah Governor and former U.S. secretary of Health and Human Services Mike Leavitt told Cheddar Monday.
Leavitt, who warned the nation was unprepared for a pandemic when he took over in 2005 under President George W. Bush, said the current secretary, Alex Axar, "is closely following a well-established plan that was laid out years ago and was used by two administrations before this." Azar reportedly warned in early January the potential new outbreak was a big deal, but the Trump administration had downsized the pandemic preparedness team that was part of the National Security Council and did not follow the NSC pandemic playbook.
"Candidly, there are limits to what the federal government can do because most of the resources to actually fight an emergency like this belong to the states," he said. But, a pandemic puts everyone on the front line, creating "a uniquely local emergency" that requires each family, business, church, and school to have a plan.
From political leaders to people staying home, Leavitt said "every American needs to understand that they have a role" in curbing the spread of the novel coronavirus by making sure they aren't accidentally spreading the virus to strangers or loved ones.
"Right now, everything is affected, everyone is affected, and therefore there is a role for everyone," he said. Leavitt, who said a close friend had died yesterday due to coronavirus, said experiences like that are "causing all of us to become much more understanding of the severity of this."
Pandemics fundamentally change the shape of the world, Leavitt said. He said he has studied pandemics throughout history and thinks "we're going to see profound impact on [politics, economics, and sociology]."
"There are very few times in the history of a nation where everyone's heart sort of beats together for the same purpose. And we are uniting and doing remarkable things as a country" he said.
Rebecca Walser, President of Walser Wealth Management, joins Cheddar News' Closing Bell, where she discusses the factors behind Monday's surge on Wall Street and explains why investors will likely experience volatility in the market throughout the month of December.
Cheddar's Chloe Aiello joined "Closing Bell" to break down the progress of the SAFE Banking Act in Congress as cannabis businesses operators struggle to find financial institutions that will service them. Banks face steep federal penalties, including the risk of losing a bank charter, if found to be servicing marijuana businesses even if their state has legalized operations. Aiello reported that while there was some bipartisan support for the measure in the Senate, the bill faces some opposition from conservatives with "longstanding concerns" about cannabis and progressives who prefer a more comprehensive approach to reform.
Head of Instagram Adam Mosseri is slated to testify this week in front of the Senate Commerce Subcommittee after a Wall Street Journal report that found the Meta-owned social media platform is negatively impacting the mental wellness of teen girls.
Chinese regulators are reportedly behind China-based ride-hailing company DiDi exiting from the New York Stock Exchange, just days after listing earlier this year. The regulators stated prior that DiDi had not received the necessary clearances to list in the states. Gordon Chang, Asian affairs expert, joined Cheddar to break down what the delisting says about the relationship between nations. "This really strikes me as an attempt to really to force a decoupling of China and the U.S. in the financial markets," Chang said.
U.S. Futures were pointing to a higher open to round out the week despite a miss on the November Jobs Report, which showed slower job growth than expected-- and as the omicron variant continues to spread across the country. Patrick Healey, Founder & President at Caliber Financial Partners joined Cheddar's Opening Bell to discuss.
Just days after the detection of the Omicron variant, the World Health Organization has agreed to start the process of establishing a global pandemic treaty or accord. Amy Maxmen, senior reporter for Nature, and Dr. Samuel Scarpino, managing director for the Rockefeller Foundation's Pandemic Prevention Institute, joined Cheddar to discuss this effort and what lessons can be learned from the many COVID-19 failures as the world prepares for future pandemics.
It's a mixed bag for the November jobs report. Hiring slowed last month as employers only added 210,000 jobs, massively missing the estimate of 550,000. But there was one bright spot: the unemployment rate fell to 4.2%, with the number of unemployed people dropping to 6.9 million. Both of those numbers are considerably down from their highs at the end of the 2020 recession. Heather Boushey, a member of President Biden's Council of Economic Advisers, joined Cheddar to discuss the report and the state of the country's ongoing economic recovery.
