With just days left in the 2020 presidential election season, former White House communications director Anthony Scaramucci is doubling down on a Joe Biden win next Tuesday.
Scaramucci told Cheddar that "weapons-grade-style" propaganda and a focus on culture war issues, rather than his administration's response to the coronavirus pandemic, are the only reasons President Donald Trump has held onto his supporters.
"He's made us weaker, sicker, and poorer, but he's got a standing because of the way they've set this up as a culture war narrative," he said. "That's why he's still in the race. I mean, he's going to get annihilated, but he's still in the race."
Scaramucci also blamed Trump's own coronavirus diagnosis, and the erratic tweeting during his recovery, as one reason the administration was unable to push another stimulus package through Congress. He alleged that inconsistent messaging from the president gave House Speaker Nancy Pelosi an opening to delay the vote until after the election.
"He could have probably gotten one, but I think it was the unpredictability of his personality that led to where we are right now," he said of a fourth stimulus bill.
On the current polling, Scaramucci pointed out that results have been fairly consistent over the last year, as opposed to the "roller coaster movement" of the 2016 election season.
"If anything, they may tip more into [Biden's] favor because of what's going on with COVID-19 now," he said.
In the case of a loss for Trump, Scaramucci offered this insight on his former employer:
"I think he's going to surprise people because, listen, all that is bluster and overcompensation born from his personal insecurities," he said. "I think if he gets annihilated — I predict he will — he'll give a concession speech, and then he's got to figure out how to work with Vice President Biden."
The prospect of Trump denying the election results is "smoke and mirrors," he added.
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.
