The deadly attack on Congress at the Capitol is raising questions about the lapse in security over what was expected to be one of the most well-protected buildings in the nation. Congressman Tim Ryan (D-Ohio - 17th District) called law enforcement's response to the mayhem a "complete embarrassment."
"We didn't have enough backup there, which, given Trump's rhetoric for the last four years, [and for] the last four, five weeks since the election precisely identifying January 6 as a date that, 'It's going to be wild,' he said, 'We need to go there,' and then whipping everybody up yesterday morning into a frenzy and then sending them down to the Capitol," Ryan told Cheddar. "All of those should have been indicators that we have been planning for the worst-case scenario."
Going forward, the congressman said, there needs to be a reassessment of security protocols at the Capitol.
Following a summer of massive demonstrations protesting the police killings of unarmed Black Americans that came bundled with heavily secured streets and swarms of law enforcement, obvious comparisons were being drawn to the chaos that ensued in Washington, DC.
"We also do have to recognize that some of these situations with Black Lives Matter were handled much more differently. The approach was much more aggressive versus the Trump mob," Ryan said.
"I don't think there's any question there's a lot more aggressive behavior around people of color but at the same time, there was an escalation, a slow escalation for what happened this summer versus something immediate here. But that, to me, that doesn't excuse anybody."
While the Ohio representative said he supported the removal of the House Sergeant at Arms Paul Irving, who resigned Thursday, and Capitol Police Chief Steve Sund for their handling of the breach, Ryan said the president also has to be held accountable for directing his supporters to incite violence and chaos. In fact, Ryan said the sentiment among most Democrats — and some Republicans — is growing.
As America waits for Joe Biden and Kamala Harris to be officially installed as president and vice president on January 20, the need to neutralize the president's power is more evident than ever following yesterday's events, according to Ryan.
"The next two weeks leading up to the inauguration will be very, very difficult, I think, if we allow him to stay there," 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.
