As Twitter War Deepens, The Mooch Calls Trump an 'Unmitigated Disaster'
President Trump escalated his war of words with Anthony Scaramucci on Monday, calling the Mooch "highly unstable" in an early morning tweet storm. Scaramucci joined Cheddar to unpack the string of insults.
The Twitter tirades are “malicious, bullying of individual citizens, which is a form of fascism,” Scaramucci said. He also slammed Trump for attacking him while the “world is crumbling around him,” citing a slew of policy failures, such as the failure to sign a trade deal with China.
Scaramucci is the founder of Skybridge Capital and served as the White House communications director for 11 days in 2017. His brief tenure ended after he gave an expletive-filled interview disparaging other Trump administration officials.
When asked about his decision to accept the job in Trump's administration, Scaramucci said, “I made a mistake … but I think it is important to call out what’s going on for what it exactly is. And I intend to continue to do that."
Scaramucci also mentioned that he is working on an effort to find a Republican primary challenger to Trump in 2020.
"Let's try to re-engineer, re-establish where the Republican Party needs to go," although he said he is still trying to find potential challengers to the president.
Trump also drew the ire of the Mooch on Monday for attacking his wife — “a complete and total civilian,” Scaramucci said.
House Speaker Nancy Pelosi has tested positive for COVID-19, her spokesman says. That's a day after the 82-year-old Democratic leader appeared unmasked at a White House event with President Joe Biden.
JetBlue made an unsolicited offer to buy low-cost carrier Spirit Airlines, potentially jeopardizing the original offer from Frontier Airlines. Several analysts sounding the alarm on JetBlue's proposed $3.6 billion merger, saying the deal doesn't quite make sense. Jim Corridore, Senior Insights Manager at Similarweb joined Cheddar's Opening Bell to discuss.
The Biden administration is once again extending the pause on federal student loans payments — this time, through the end of August. In a statement, President Biden cited a recent analysis from the Fed that if the payments were to resume, millions of student loan borrowers would face significant "economic hardship, delinquencies, and defaults that could threaten America's financial stability." Sarah Foster, an analyst at Bankrate, breaks down the impact of the extension on borrowers, the economy, and the future of student loan forgiveness. "I think this is just an instance of the federal student loan forbearance program kind of creating additional uncertainty for borrowers, especially in the sense that these past four extensions from the Biden administration have kind of come at the 11th hour here," she said.
Thousands of cryptocurrency enthusiasts are gathering in Miami as the city builds its reputation as one of the key locations to develop the blockchain technology despite its underdog status.
Catching you up on what you need to know on April 7, 2022, with updates on Ukraine urging NATO for military aid for their war with Russia, the SEC investigating Amazon, microplastics being found deep inside human lungs for the first time, and more.
President Biden is trying to help Americans at the pump by tapping into U.S. oil reserves in an unprecedented way. He also announced several steps to punish oil companies. Lisa Whalen, automotive and mobility analyst at Morning Consult, joins Cheddar News to discuss.
U.S. markets closed higher to end Monday's session, with tech stocks leading the advance. Gene Goldman, Chief Investment Officer at Cetera Financial Group, joins Cheddar News' Closing Bell to discuss the potential future of the major U.S. indexes, and how factors like policy moves from the federal reserve and the ongoing Ukraine-Russia war could impact volatility.
Prices at the pump have soared in recent months, and House Democrats pointed the finger at Big Oil on Wednesday during an adversarial congressional hearing.
