President Trump is proposing a 25% tax on steel brought to the U.S., and a 10% tax on aluminum. The announcement sent the stock market into a tailspin. RNC Spokeswoman Kayleigh McEnany says Americans should not be surprised by the move.
From the time he was a businessman, Donald Trump has criticized America's trade imbalance and pushed for reform. "What President Trump has done is not different then what many Republican president's have done," McEnany said.
President Trump's unpredictability has lead to GOP infighting. McEnany says the RNC appreciates robust debate on all issues, but also encourages Republicans to get behind the President because he is fulfilling campaign promises. She added that the Democratic party is actually the one falling apart ever since it failed to put forward viable presidential candidates back in 2016.
The head of security for Huawei, the embattled Chinese tech giant that has been accused of working as a front for Chinese intelligence services, told Cheddar's Hope King on Monday that "no government has ever asked us to spy" and that those accusations were part of a "drumbeat of anti-Huawei criticism."
These are the headlines you Need 2 Know for Monday, Jan. 7, 2019.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
For the vast majority of Americans, the partial shutdown of the federal government is felt in small ways. For Native Americans, a prolonged shutdown could mean life or death. Aaron Payment, chairman of the Sault Ste. Marie tribe, told Cheddar that he's focused on one date: Jan. 15. That's when the tribe's next drawdown of federal funds is scheduled.
Markets soared on Friday ー the Dow Jones Industrial Average leading gaining more than 670 points ーfollowing comments by Fed Chair Jerome Powell on monetary policy and reports that the jobs market is not slowing.
New York is getting into a crypto state of mind with plans to create the nation's first Crypto Task Force. "New York State is the financial capital of the world, and we must have the proper regulations and proper balance to be able to figure out how to regulate in this space," N.Y. Assemblyman Clyde Vanel told Cheddar.
Rep. Harley Rouda, the newly elected Democrat from California's 48th district, doesn't want to waste any time getting legislation to the floor that will stimulate wage growth, which showed better-than-expected strength in Friday's blowout jobs report but remains a concern for economists.
These are the headlines you Need 2 Know for Friday, Jan. 4, 2019.
Alan Dershowitz has written the book on reasons not to impeach President Trump ー and he thinks re-elected House Speaker Nancy Pelosi just might follow his counsel. "I think she is the adult in the room and she'll take my advice," Dershowitz told Cheddar on Thursday.
These are the headlines you Need 2 Know for Thursday, Jan. 3, 2019.
