2018 State Of The Union: Recapping President Trump's Big Night
Cheddar's special post State of the Union show is a wrap-up of President Trump's big night: what were the highlights, what was the reaction, and most importantly, what's next for the GOP?
In his first official State of the Union address, President Trump said the country is strong, and that now is the beginning of a "new American moment." He touted tax reform success and a surging stock market. Republicans cheered, while most Democrats remained seated. Congressman Joe Kennedy III gave the official Democratic response, rallying Americans unhappy with President Trump's harsh rhetoric.
On Capitol Hill, Cheddar's J.D. Durkin spoke with numerous Democratic lawmakers moments after the speech, including Rep. Marcy Kaptur (D-OH), Rep. Ted Lieu (D-CA) and Rep. Donald McEachin (D-VA). He asked each of them how they view the state of America right now.
Republican Rep. Claudia Tenney (R-NY) said President Trump gave a "great speech," but Democrats are against his personality, and therefore, his policies.
Cheddar's Chloe Aiello has our cannabis year-in-review, breaking down how several states legalized adult recreational use and greenlit medicinal use in 2021. She noted that while a cannabis legalization and decriminalization bill was introduced in Congress this year, potential FDA involvement in the industry, as well as a 25 percent excise tax, killed any chance the bill had of moving forward. Aiello also speculated that some form of cannabis reform could be rolled out in 2022, as the midterm elections draw closer.
Jim Worden, Chief Investment Officer at Wealth Consulting Group, joins Cheddar News' Closing Bell, where he says the period between Christmas and New Year's is difficult to predict due to a lack of institutional volume, with the Omicron variant adding even more uncertainty on Wall Street.
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.
David Stryzewski, CEO of Sound Planning Group, joins Cheddar News' Closing Bell, where he says that some of the major stock positions are getting the most lift to the upside as the major indexes climb higher to begin the week.
