Former President Donald Trump speaks at a fundraiser event for the Alabama GOP, Friday, Aug. 4, 2023, in Montgomery, Ala. (AP Photo/Butch Dill, File)
Former President Donald Trump and the 18 people indicted along with him in Georgia are scheduled to be arraigned next week on charges they participated in a wide-ranging illegal scheme to overturn the results of the 2020 election.All 19 defendants, including former New York Mayor Rudy Giuliani and White House chief of staff Mark Meadows, have been scheduled for arraignment on Sept. 6, when they may enter pleas as well, according to court records.A Trump spokesperson didn’t immediately respond to a question about whether the former president intended to waive his appearance.The defendants met a Friday deadline to turn themselves in at the Fulton County Jail. Trump was booked Thursday evening — scowling at the camera in the first-ever mug shot of a former president.All but one of those charged had agreed to a bond amount and conditions with Fulton County District Attorney Fani Willis ahead of time, and they were free to go after booking.Willis, who used Georgia’s racketeering law to bring the case, alleges that the defendants participated in a wide-ranging conspiracy to illegally try to keep the Republican president in power even after his election loss to Democrat Joe Biden.Meadows is seeking to fight the Georgia indictment in federal court. A hearing on transferring his case there from state court was being held Monday. At least four others charged in the indictment are also seeking to move the case to federal court, including U.S. Department of Justice official Jeffrey Clark.
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.
