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.
Rep. Marcy Kaptur (D-OH) told Cheddar that while the president has advocated for changes in trade, the steel industry is still waiting for a policy shift.
Sara Fischer, Media reporter for Axios, discusses how data effects foreign investments in U.S. Technology. Ripple Partners With MoneyGram to Lower Remittance Cost. Turner CEO John Martin gives his take on future of media and TV. Walmart announce it is closing 63 Sam's Club stores across the country. Former White House Chief Strategist Steve Bannon is set to appear next week before the House Intelligence Committee.
Hive editor Jon Kelly, Kristen Scholer, and the VF Hive Panel take us through the five biggest stories of the day in politics, business, and technology. Emily Jane Fox kicks things off with a report on Ivanka Trump's tweet in support of Oprah Winfrey. Ivanka called Oprah's speech inspiring and empowering. Maya Kosoff weighs in to discuss the latest woes for Evan Spiegel. T.A. Frank and Tina Nguyen join the discussion to weigh in on a potential Mitt Romney run for Orrin Hatch's Senate seat in Utah. Frank and Nguyen also report on Steve Bannon's ouster from Breitbart. Emily Frank returns to round out the Hive Five to talk about Donald Trump and how his trip to Davos will be perceived by his base.
Special correspondent for Vanity Fair Gabriel Sherman joins The Hive to discuss the rise and fall of Steve Bannon. Sherman reports on his story regarding the rift between Bannon and President Trump.
Founder and CEO of Run for America David Burstein lays out a potential electoral path for Oprah Winfrey. Jon Kelly, Kristen Scholer, and Burstein discuss how she might be able to win if she runs for president in 2020.
John Martin sat down with Alyssa Julya Smith at CES to give his take on future of media and TV. Martin says his goal the past four years at Turner has been to re-invent TV. Martin hits the key to succeeding in the current media landscape and how Turner is innovating for the future.
China raising the flag of U.S. protectionism after recent cross border corporate takeovers were scuttled over national security concerns. This comes after Alibaba's Ant Financial scrapped its acquisition of MoneyGram. Axios Media Reporter Sara Fischer explains what this means for the future of data security and technology.
Barclays Analyst Karen Short says the company is reaping billions of dollars from the tax law.
Jodie Emery, editor-in-chief of Cannabis Culture, discusses the opportunity California legalization presents for those with marijuana convictions. Now that the drug is fully legal, those with a record have the chance to have the charge lessened or wiped off their record completely.
Jack Hunter, editor of Rare Politics, digs into the recent raid by ICE of 98 7-Eleven stores across the U.S. and the president's changing stance on immigration.
