President Joe Biden speaks about the economy, in the East Room of the White House, Monday, May 10, 2021, in Washington. (AP Photo/Evan Vucci)
By Zeke Miller
President Joe Biden is highlighting new programs from ride-sharing companies Uber and Lyft to provide free rides to and from vaccination sites, as the pace of shots nationally declines and he looks to meet his July Fourth inoculation targets.
The partnership with the ride-sharing companies marks the latest in a series of government-encouraged efforts to increase access to shots. It comes as Biden met virtually with a bipartisan group of governors Tuesday to share best practices for encouraging Americans to get vaccinated.
“I think that's really stepping up,” Biden said of the partnership with the ride-sharing companies.
“We have to make it easier and more convenient for all Americans to get vaccinated," Biden said, as he met with Utah Gov. Spencer Cox, Massachusetts Gov. Charlie Baker and Ohio Gov. Mike DeWine, all Republicans, as well as Democratic Govs. Michelle Lujan Grisham of New Mexico, Janet Mills of Maine and Tim Walz of Minnesota.
Biden also announced new funding through the Federal Emergency Management Agency for community outreach efforts to encourage Americans to get vaccinated, as well as a new initiative to host federally supported vaccination sites at community colleges.
Biden's meeting comes a week after he set a new goal of delivering at least one dose of vaccine to 70% of adult Americans by Independence Day and fully vaccinating at least 160 million by then.
The nation's vaccination rate has dramatically slowed in recent weeks. According to the Centers for Disease Control and Prevention, an average of about 730,000 Americans are getting their first dose of vaccine daily, down from a peak of more than 1.9 million per day a month ago.
Inflation has risen to its highest level in 31 years, sending consumer prices on everything from groceries to gas to rent surging. For many businesses, that's good news as inflation typically means better profit margins. According to data from FactSet, nearly two out of three of the biggest U.S. publicly traded companies have reported fatter profit margins so far this year compared to the same stretch of 2019, before the pandemic. Gregory Daco, chief U.S. economist for Oxford Economics, breaks down how the top businesses are reaping the benefits of inflation, and when consumers can expect inflation to ease.
Meta, the parent company of Facebook, is facing a lawsuit from Ohio's attorney general Dave Yost, who said the company misled the public about safety on the platform.
Cases of covid-19 are climbing in the Upper Midwest, Southwest, and parts of the Northeast. The seven-day national average is sitting at roughly 82,000 new cases which is an 11 percent jump from the week before. Dr. Amesh Adalja, Infectious Disease, Specialist, Sr. Scholar at Johns Hopkins Center for Health Security joined Cheddar's Opening Bell to discuss this recent uptick ahead of the holiday season.
Markets were pointing to a higher open to kick off the third trading week in November. It comes as stocks come off a losing week in reaction to October's consumer price index--which showed inflation at its highest point in over 30 years.
Ryan Detrick, Chief Market Strategist for LPL Financial joined Wake Up with Cheddar to discuss.
Harvard Business School Professor Ranjay Gulati joined Wake Up With Cheddar to break down the massive challenge the Biden Administration faces in ensuring projects in the $1.2 trillion infrastructure bill are completed on time and on budget.
Jill is joined by Baker Machado to talk all things infrastructure: where will the money go and who’s in charge? Plus, Sesame Street has its first Asian-American muppet. And a trailer for the trailer for Spiderman. Huh?
In this week's Cheddar Changemakers, Megan Pratz spoke with a 16-year-old climate activist Sarah Goody. She is the founder of a youth-led climate action group 'Climate NOW.'
We toss around the term "democracy is under attack" quite often without thinking too much, but one organization is actually stepping up to do something about it. The Fairness Project is a group that funds and organizes state ballot measures across the country. It has used ballot initiatives on campaigns aimed at expanding Medicaid, adding more paid time off, and raising minimum wage. It recently launched a new direct democracy campaign to fight back against attempts to make ballot measures inaccessible.
Kelly Hall, executive director of The Fairness Project, joined Cheddar Politics to discuss more about the group's efforts to push for economic and social justice, avoiding partisan gridlock.
Doug Flynn, Certified Financial Planner and Co-Founder of Flynn Zito Capital Management, joins Cheddar News' Closing Bell, where he says he believes the news of the infrastructure bill was already priced into the market and that inflation continues to loom large on Wall Street.
President Joe Biden signed into law today his landmark $1.2 trillion infrastructure bill, and it includes approximately $550 billion in new funding for increased broadband access, improving the power grid, and more. But what does this mean for the American economy, and American workers? Eliza Collins, Politics Reporter at The Wall Street Journal joins Cheddar News' Closing Bell to discuss what's included in the bill, which former mayor has been tapped to oversee how the bill is implemented, and how these new infrastructure investments will impact the economy.
