*By Kristen Lee*
Attorney General Jeff Sessions abruptly resigned at President Trump's request on Wednesday, ending a tenure marked by a series of public humiliations inflicted by the man who elevated him into the nation's highest law-enforcement position.
After enjoying Sessions' early support on the campaign trail, Trump turned against his AG in March 2017 after he recused himself from a probe into Russia's interference in the 2016 election. Since Sessions stepped aside, Trump has frequently railed against his attorney general in public.
"I don't have an attorney general. It's very sad," Trump said during a scathing interview with Hill.TV in September. The president previously said he would not have named Sessions to head the Justice Department had he known the AG would recuse himself from the Russia probe.
Sessions' job security has long been in question. At a post-election press conference earlier on Wednesday, Trump had declined to answer a question about Sessions' future in his administration.
“I’d rather answer that at a little bit different time," Trump had said.
In a tweet on Wednesday afternoon, Trump said Sessions' chief of staff Matthew Whitaker will step in as acting attorney general.
"We thank Attorney General Jeff Sessions for his service, and wish him well! A permanent replacement will be named at a later date," Trump said.
In a formal letter to Trump, Sessions noted that he was submitting his resignation at the president's request. He said he was proud that he and Trump "restored and upheld the rule of law" during his time in office.
U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Benefits brokerage, Nava Benefits, raised $40 million in a Series B round. Nava says it's on a mission to fix healthcare, one benefits plan at a time. The startup is working to bring benefits to small business that are normally available to only Fortune 500 companies. Brandon Weber, Co-Founder and CEO of Nava Benefits, joined Cheddar News' Closing Bell to discuss.
The House Select Committee investigating the Jan. 6 riots on Capitol Hill held its first primetime hearing on Thursday. Cheddar News speaks with legal analyst Tracy Pearson, who breaks down the biggest takeaways.
Fuel and oil prices have risen almost 17 percent since May, making the national gas prices reach nearly $5 a gallon. Andrew Lipow from consulting firm Lipow Oil Associates joined Cheddar News to discuss the future of gas prices. "The biggest issue on the oil market is really events that are beyond our control, which is what is happening over in Europe," he said, regarding the ongoing Russia Ukraine war. Lipow also said he predicted gas prices to hit $5.05 and that he's focused on the Biden administration's overtures in repairing a relationship with Saudi Arabia.
March For Our Lives will be returning this weekend to Washington, DC, in the wake of the recent mass shooting seen throughout the country. Marchers include Yolanda Renee King, the only granddaughter of Martin Luther King Jr. She joined Cheddar News to discuss the importance of the march and activism in general. "I just think that it's so important to have these rallies because we need to demand to our leaders and politicians that they pass legislation and that and we actually need to see action," she said.
Erika Alexander and Whitney Dow, directors of 'The Big Payback,' join Cheddar News to discuss their new film, 'The Big Payback.' It premieres Saturday, June 11 at the Tribeca Festival.
President Biden proposed a new rule that would add 500,000 chargers for electric vehicles nationwide. The proposal comes amid the rapid shift to EVs with dozens of automakers announcing plans for all-electric fleets within the next decade. But with the new surge will the U.S. have the proper infrastructure to keep up? Scott Painter, founder and CEO of Autonomy.com joined Cheddar's Opening Bell to discuss. "I really think the idea of standardization is a big deal. Standardization certainly makes it much better for everybody to be able to get a charge when they need one," he said.
The House select committee investigating the January 6th riots on Capitol Hill is opening its landmark series of public hearings. Cheddar News speaks with Mike Sozan, senior fellow at the Center for American Progress who explains how to follow the hearings and what to expect.
