*By Alisha Haridasani*
It was perhaps the speediest resignation of a public official accused of misconduct since the start of the #MeToo movement. Only hours after The New Yorker magazine published an article in which four women accused him of physical abuse, Eric Schneiderman resigned as New York State attorney general.
Two of the women, Michelle Manning Barish and Tanya Selvaratnam, told [The New Yorker](https://www.newyorker.com/news/news-desk/four-women-accuse-new-yorks-attorney-general-of-physical-abuse) that while they were in a relationship with Schneiderman, he hit them without their consent and threatened to kill them if they broke up with him. Two other women, who wanted to remain anonymous in the article, said similar things.
After the article was published, but before he resigned, Schneiderman denied the allegations.
He said in a statement: “In the privacy of intimate relationships, I have engaged in role-playing and other consensual sexual activity. I have not assaulted anyone. I have never engaged in nonconsensual sex, which is a line I would not cross.”
The response to the allegations in the article ー especially among other Democratic state officials ー was swift: Gov. Andrew Cuomo and U.S. Sen. Kristin Gillibrand called on Schneiderman to resign.
“While these allegations are unrelated to my professional conduct or the operations of the office, they will effectively prevent me from leading the office’s work at this crucial time,” Schneiderman, 63, said in an [official statement](https://ag.ny.gov/press-release/statement-attorney-general-eric-t-schneiderman).
As New York’s top law enforcement officer, Schneiderman played a prominent role in the #MeToo movement by pursuing accusations against other men accused of inappropriate and possibly illegal behavior. He [filed a lawsuit](https://www.nytimes.com/2018/02/11/business/media/harvey-weinstein-company-sale.html) earlier this year against the company run by the former Hollywood mogul Harvey Weinstein for gender discrimination and sexual harassment. He had described Weinstein’s alleged behavior as “despicable.”
The Manhattan District Attorney’s office said it opened an investigation into the allegations against Schneiderman, and a joint session of the State Assembly and Senate will select his replacement as attorney general.
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.
