Coronavirus has hit Capitol Hill, as the first members of Congress have tested positive for the virus.
Reps. Mario Diaz-Balart (R-Fla.) and Ben McAdams (D-Utah) announced diagnoses late Wednesday. Diaz-Balart’s office said he had developed symptoms Saturday evening and was notified Wednesday of a positive test. Both had voted on the House floor as recently as Saturday morning, to pass the coronavirus relief bill.
Rep. Ben McAdams, D-Utah (Left), Rep. Mario Diaz-Balart, R-Fla. (Right)
At least five other members of Congress are quarantining because they had contact with the lawmakers, including Rep. Steve Scalise, the second-highest ranking Republican in the House.
Some lawmakers had been pushing for ways to vote remotely, particularly since congressional members are disproportionately in higher-risk categories for coronavirus complications. Forty-eight senators are over the age of 65, the age at which some states have recommended individuals to stay inside their homes.
Senator Dick Durban (D-Ill.) has said “it’s time for the Senate to wake up to the 21st century and make sure we’re using technology that allows us to communicate with each other without any danger or risk to public health.”
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.
As the U.S. continues to face supply chain shortages, President Joe Biden is reassuring U.S. consumers that the supply chain is in "very strong shape" ahead of the all-important holiday season. As supply bottlenecks start to show signs of improvement, the industry may be faced with yet another challenge: the Omicron variant. Rob Caucci, Co-Founder & Co-CEO of Fillogic joined Cheddar's Opening Bell to discuss.
Markets rebounded Monday morning after Friday's deep sell-off that saw the Dow suffer its worse day since 2020. It comes as investors continue to react to the impact of the omicron variant on the broader reopening. Eddie Ghabour, Co-Owner at the Key Advisors Group joined Cheddar's Opening Bell to discuss.
Markets bounced back this morning with travel leading the gains after plunging on Monday as the first case of Omicron was detected in the U.S. Jimmy Lee, CEO, Wealth Consulting Group joined Cheddar's Opening Bell to discuss.
The market saw investors react to comments by the World Health Organization's chief scientist, who suggested existing vaccines are likely to offer protection against the new variant. According to Thomas Hayes, chairman of Great Hill Capital, the next two weeks will be crucial as the markets watch for not only the effects of the Omicron variant, but also the Fed's decision on a taper.
It's Friday at long last. Jill and Carlo cover the latest on Omicron, including a possible superspreader event in NYC. Plus, previewing the November jobs report, a new Zoom feature no one asked for, and when it's no longer a good idea to eat Thanksgiving leftovers.
Following the Mississippi abortion case, the fate of Roe V. Wade is at stake. A decision is expected next summer, right around the time midterm candidates will be making their cases to voters. Laura Packard, executive director of Health Care Voter, joins Cheddar News to discuss how the ruling will impact upcoming elections.
Stock markets around the world continue to be impacted by fears of the new Omicron COVID-19 variant. President Biden today reiterated his stance that the new strain is cause for concern, but not cause for panic. Wells Fargo Investment Institute Global Equity Strategist Scott Wren joined Cheddar News' Closing Bell to discuss.
