The U.S. Supreme Court's decision Monday that employers cannot discriminate in hiring due to a candidate's sexual or gender preference was a surprising revelation for many Americans, including Sarah Kate Ellis, the president and CEO of GLAAD.
"It was groundbreaking. It was historic today," she told Cheddar.
Still, Ellis said this is just a small part of the rights challenges members of the LGBTQ community face.
"We're debating whether or not I can be fired from my job at the Supreme Court simply because I'm gay. It shouldn't even be a discussion," she said.
The historic decision came just days after the Trump administration rolled back healthcare protections for transgender people under the Affordable Care Act -- a move which Ellis said is in line with the president's broader dismissal of LGBTQ people throughout his term.
"This administration has attacked the LGBTQ community 150 times with both policy rollbacks and rhetoric since he's come into power," she said.
As demonstrators across the nation call for social justice and equality this June, Ellis said that it is important for Pride month supporters to remember where it started.
"Pride is a protest, and we need to be on the streets," she stated. "We have to go back to our roots this one. This Pride especially."
She noted that 14 members of the trans community have been violently killed so far this year.
In 2020, a year unlike any other with a pandemic canceling Pride celebrations and calls for social justice amplified throughout the nation, Ellis tasked people to come together now to force real change.
"Our community is our power. Our identity is our power," she said. "We need to be fighting for Black Lives Matter, for our trans community. We have to be standing up for each other right now, and we need to be locking arms as marginalized communities."
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.
