*By Conor White*
After President Trump's unflagging defenses of Vladimir Putin this week, many in Washington fear that Russia may have "Kompromat," or compromising information, on the commander-in-chief.
Rep. Brendan Boyle (D-PA) is among the concerned.
"I'm not generally prone to conspiracy theories," he told Cheddar on Friday. "But I have to say, this week has been a real shift, myself personally and a number of really serious, responsible people who I trust, who were always resisting that explanation up until this week, because it's just so bizarre, the behavior President Trump exhibited while standing side-by-side with Vladimir Putin."
Trump had ample chances to support the near-universal theory that Russia meddled in the 2016 presidential election. But during his controversial co-presser with Putin on Monday, the president denied any foul play. The next day at the White House, Trump reversed his stance.
Boyle lamented that he should be used to this type of behaviorーbut he still doesn't have to like it.
"Eighteen months into this presidency I should probably stop being surprised, and yet I still am surprised when something as glaring as an American president on foreign soil, standing side by side with a Russian dictator, sides with the Russian dictator over the U.S., FBI, and U.S. intelligence agencies."
Trump's latest actions have alarmed several other republican lawmakers, including Sens. John McCain (R-AZ), Jeff Flake (R-AZ), and Ben Sasse (R-NE).
Rep. Boyle reiterated that this president is unlike any other.
"There was really no difference from Harry Truman to Barack Obama in terms of the idea of supporting NATO, that we were strongest when we stood together, that we were strongest in resisting first Soviet and then Russian expansionism and aggression. Donald Trump comes in and completely throws that all out."
For full interview, [click here](https://cheddar.com/videos/trumps-attitude-towards-putin-has-dems-seeing-red).
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.
