Jon Miller, White House Correspondent for CRTV, discusses the GOP tax bill, which could be voted on as early as Tuesday. The Republican Party secured the number of votes needed to pass the bill on Friday, when Senators Marco Rubio and Bob Corker jumped on board.
Miller notes his surprise with Corker deciding to vote for the bill, given how bothered he was originally by the $1.4 trillion it would add to the deficit. We discuss how unfavorable the bill is polling with the American people. Miller adds that much of that is because he does not think the media is doing a good job of being honest about the bill. In addition to that, 45% of Americans don't actually pay taxes. Millers talks the overall good the bill will do for the economy and business-owners.
Fundrise is an investment platform that allows its users to access a diversified portfolio of real estate investments. The company found more than 70 percent of 1,000 Gen Z and Millenial investors surveyed were concerned about inflation and 66 percent were putting their money in real estate, venture capital, and crypto as a safety net. Ben Miller, CEO and co-founder of Fundrise, joined Cheddar to talk about providing retail investors access to the previously difficult-to-access private real estate markets. "I think there's there's an understanding in society that real estate is where you go when there's high inflation," Miller said.
In January alone, the gaming sector has seen three major acquisitions. Yesterday, Sony added to the flurry of M&A activity in the gaming space, snatching up game developer 'Bungie' for $3.6 billion dollars. Renee Gittins, executive director at the International Gaming Developers Association, joins Cheddar News to discuss.
General Motors reported its Q4 earnings Tuesday. While chip shortages impacted sales and revenue last quarter, Paul Jacobson, GM Chief Financial Officer, told Cheddar chip availability has gotten better since Q3. This is crucial as GM has pivoted its focus toward electric vehicles. It recently announced it will be building a new battery plant in Michigan, making $35 billion in EV investments, and producing a million electric vehicles by 2025.
