“[Trump] would win right now because the Democrats have not succeeded in making this election a referendum on Trump,” longtime Republican and political strategist Rick Wilson told Cheddar on the eve of another sort of referendum — the president’s impeachment trial.
Wilson, who recently published a book “Running Against the Devil: A Plot to Save America From Trump — and Democrats From Themselves,” said voters “don’t care about a 600-page healthcare plan,” and need something like President Barack Obama’s campaign promise of “Hope” and “Change.”
He said he opposes Trump because Trump is not a conservative, an opinion he explicated in a New York Times article last month, along with three others who have worked for and supported Republicans, including White House Counselor Kellyanne Conway’s husband George Conway, the day before the president was impeached. The four men announced the “Lincoln Project,” which they explained will “highlight our country’s story and values, and its people’s sacrifices and obligations.”
Though Wilson said he is not “trying to pick the Democrat’s nominee” he thinks Joe Biden has the most viability “for all his flaws.”
As the Senate heads to trial this week, Wilson said the GOP remains allegiant to Trump because “they’re terrified of him.” “About a third of them are true believers,” he conjectures, while he said a third are “opportunists, hustlers, guys who are trying to build their email lists and become Fox News stars” and the final third “just live in absolute fear of [Trump’s] Twitter feed.”
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.
