Illinois has become the first state to protect child social media influencers. Cheddar News senior reporter Michelle Castillo talked about the state's new law, which ensures that children under the age of 16 are compensated for their social media businesses.

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Nasdaq, S&P 500 Close Lower on Fed Rate-Hike Concerns
U.S. markets ended mostly lower on the first day of March, on data indicating inflation is likely to stay high and Federal Reserve policymakers hinted support for more aggressive rate hikes. Cheddar News speaks with Sam Stovall, Chief Investment Strategist at CFRA who breaks down the market's action.
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