As the great reopening debate continues, some state and local officials are not seeing eye to eye on when stay-at-home orders and business closures should end.
Atlanta Mayor Keisha Lance Bottoms is one such local official who is speaking out against Georgia Gov. Brian Kemp's plan to reopen businesses such as gyms, nail salons, barbershops, and bowling alleys this Friday, April 24.
"It doesn't make sense to me," Bottoms told Cheddar. "There's nothing essential about a bowling alley or a movie theater."
Bottoms, a Democrat, said that she had previously worked closely with the Republican governor.
"Governor Kemp and I have had a very good working relationship over the past couple of years, and we communicate regularly, but I was surprised along with a number of mayors," she said.
The mayor said Kemp did not consult her in the development of the plan or provide details on which businesses would be allowed to reopen. She also expressed disappointment that the governor did not provide flexibility to local governments to alter the plan based on local needs.
"We recognize that the economy is a huge consideration for people. My mother owned a small business, a hair salon, for many years. This would have been devastating to her. But I do know we need to be able to live to fight another day."
Bottoms said that Georgia is still seeing an uptick in cases, despite a steady flattening of the curve, and that the plan is coming prematurely.
"To the extent that we've had any success in our state, it's because we've been very aggressive in Atlanta and in surrounding metro cities to close down businesses and encourage people to stay home," she said.
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.
