California Dem Says Michael Bloomberg's $4.3M Support Will Raise Climate Change Awareness
*By Christian Smith*
With less than two weeks until election day, a California Democrat, Harley Rouda, has gotten a $4.3 million boost from Michael Bloomberg in his bid to take down 30-year incumbent Republican Congressman Rohrabacher.
Bloomberg's Independence USA PAC disclosed the spending last week, which went to advertising targeting the Republican. Rouda said Bloomberg's ad campaign will help bring the issue of climate change to the forefront of voters' minds in the coastal Orange County district.
"We're thrilled to have Bloomberg's support, and more importantly calling attention to that really important issue of climate change, which my opponent Dana Rohrabacher basically calls junk science," Rouda said Monday in an interview on Cheddar.
"It's certainly going to boost voters' awareness of Rohrabacher's atrocious record in addressing climate change, and more importantly the fact that he's been in the pocket of special interest groups like big oil and big gas," he added.
The U.S. House race is now dead-even in California's 48th District, went for Hillary Clinton in the 2016 presidential election. Orange County is a key target for the Democratic Party, which used to be a stronghold for the Reagan-era Republican party, but has trended blue in recent years.
The race became the most expensive in the country after billionaire Michael Bloomberg's infusion of ad spending. More than $18.2 million has been spent on the race in total.
Recent polls have the race as a tie. The latest Monmouth University poll puts Rep. Rohrabacher ahead of Rouda 50 to 48 percent, which is within the margin of error, and a recent New York Times poll has the two at an even 45-45 split with 10 percent of respondents saying they are undecided.
With the race a virtual tie just a week from election day, Rouda said his team of volunteers will be key to winning the race.
"What's going to get us over the finish line is what got us to where we are now and that is our incredible volunteers," Rouda said. "We have almost 5,000 volunteers now and they're knocking on doors and making phone calls because they want real change."
For full interview [click here](https://cheddar.com/videos/californias-48th-district-becomes-most-expensive-house-race-in-u-s).
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.
Jill and Carlo discuss what appears to be the beginning of the end of Roe v. Wade, another victim dies following the school shooting in Michigan, Omicron in the U.S., Trump's Covid chronology and more.