Rep. Darren Soto Shares His Expectations For President Trump's First State Of The Union Address
President Trump addresses a joint session of Congress tomorrow to deliver his first State of the Union speech, which will set the tone for the next year in American politics.
Congressman Darren Soto (D-FL) will be in the audience. He gives his take on what to expect from President Trump's first State of the Union address. He also discusses Democrats' decision to tap Massachusetts Representative Joe Kennedy to deliver the party's response to the address. Rep. Soto says he thinks it was a great decision and that Kennedy is "a strong progressive."
Rep. Soto also shares his take on the news that FBI Deputy Director Andrew McCabe is resigning from his position. Soto says that Special Investigator Robert Mueller needs to be able to complete the Russia investigation with no distractions, and that McCabe had "become a distraction."
Catching you up on the stories you need to know this morning, the U.S. could soon get its first major gun safety law in years, the House Select Committee investigating the January 6th attack on the U.S. capitol holds its second hearing, and today might just be the day the Supreme Court overturns Roe v. Wade, and decides on new gun laws.
U.S. stocks closed Thursday at their lowest levels of the trading day, as investors continue to eye inflation ahead of the May CPI report out Friday. Art Hogan, Chief Market Strategist for National Holdings, joins Cheddar News' Closing Bell to discuss.
The PGA has suspended 17 golfers, including Phil Mickelson and Dustin Johnson, who are competing in a Saudi-backed golf event outside of London. In a memo, commissioner Jay Monahan said "these players have made their choice for their own financial-based reasons", announcing they are ineligible to participate on the PGA tour or any other tours it sanctions. Hugh Kellenberger, Senior Managing Editor at the Athletic, breaks down the controversy, and what might happen next.
U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Benefits brokerage, Nava Benefits, raised $40 million in a Series B round. Nava says it's on a mission to fix healthcare, one benefits plan at a time. The startup is working to bring benefits to small business that are normally available to only Fortune 500 companies. Brandon Weber, Co-Founder and CEO of Nava Benefits, joined Cheddar News' Closing Bell to discuss.
