Former presidential candidate Herman Cain attends the premiere of the film "No Safe Spaces" at TCL Chinese Theatre on November 11, 2019 in Hollywood, California. (Photo by Michael Tullberg/Getty Images)
Updated 11:32 pm ET
Herman Cain, former Republican presidential candidate and former CEO of a major pizza chain who went on to become an ardent supporter of President Donald Trump, has died of complications from the coronavirus. He was 74.
A post on Cain's Twitter account on Thursday announced the death. Cain had been ill with the virus for several weeks. It's not clear when or where he was infected, but he was hospitalized less than two weeks after attending Trump's campaign rally in Tulsa, Oklahoma, in June. Cain had been co-chair of Black Voices for Trump.
"We knew when he was first hospitalized with COVID-19 that this was going to be a rough fight," read an article posted on the Twitter account. "He had trouble breathing and was taken to the hospital by ambulance. We all prayed that the initial meds they gave him would get his breathing back to normal, but it became clear pretty quickly that he was in for a battle."
Cain, who had hoped to become the first Black to win the GOP nomination, was initially considered a long-shot candidate. His bid was propelled forward in September 2011 when he won a straw poll vote in Florida, instantly becoming an alternative candidate for Republican voters concerned that former Massachusetts Gov. Mitt Romney was not conservative enough.
But he struggled to respond to accusations that he had sexually harassed several women and — in a video that went viral on the Internet — rambled uncomfortably when asked whether he supported or opposed President Barack Obama's policies in Libya. There were also gaffes on abortion and torture that led Cain's critics to question whether he was ready for the White House.
The centerpiece of Cain's campaign was his 9-9-9 plan, which would have replaced the current tax code with a 9 percent tax on personal and corporate income and a 9 percent national sales tax. Cain said the plan's simplicity would stimulate the economy by giving investors certainty. A Baptist preacher who made money giving motivational speeches, Cain had a talent for selling his ideas to conservative audiences with a straightforward style.
"If 10 percent is good enough for God, 9 percent ought to be good enough for the federal government," he told crowds.
The U.S. is back in negotiations for a nuclear deal with Iran, years after former President Donald Trump withdrew the country from the Joint Comprehensive Plan of Action (JCPOA), which had been meant to curtail the Middle Eastern nation's nuclear ambitions. Former State Department senior advisor to the George W. Bush and Trump administrations, Christian Whiton, joined Cheddar News Wrap to discuss. “It appears to be very similar to the original JCPOA, which does put some constraints on Iran's nuclear program, but also has sunset provisions, including some that in the original plan were expected to take effect in 2025," he said. "And so, if we just reenter that plan, really it just buys perhaps a few years of slowing down, stopping, whatever you want to say, Iran's nuclear program."
The U.S. has announced the first of what could be multiple levels of sanctions against Russia after Moscow recognized two regions of Ukraine as independent. This comes as Britain imposes sanctions on five Russian banks and two oligarchs, and Germany freezes the Nord Stream gas pipeline. Terrell Star, a foreign affairs reporter at The Atlantic Council, joins from Kyiv to discuss.
Growing tensions in Ukraine might soon be impacting consumers in the United States. With Russia on an invasion footing in the region, gas prices are predicted to go up 10 to 15 cents a gallon in the next coming weeks, according to Robert Sinclair, spokesperson for AAA. Sinclair joined Cheddar to break down what could happen even further. "We've been seeing prices go up, and there's been nothing that's happened to affect supplies," he said. "But it's something known as the fear tax where just the talk of something that might interfere with supplies leads to prices going up speculatively."
The end of 3G is upon us. On Tuesday, AT&T became the first major provider to disable its 3G services, and T-Mobile and Verizon plan to follow suit later this year. The shutdowns are expected to impact millions of vehicles that use 3G networks for updates, remote connection, and certain emergency and convenience features. Lance Ulanoff, the U.S. Editor-in-Chief of TechRadar, joined Cheddar's Closing Bell to discuss the ramifications of the changeover.
A new report shows nearly 240 former officials in Congress, the White House, and regulatory agencies have changed careers to work in the crypto industry.
President Biden unveiled new economic sanctions on Russia for what he called "the beginning of a Russian invasion". This came one day after Putin sent troops into two breakaway regions of eastern Ukraine. Alex Ward, national security reporter for POLITICO, explains what these sanctions might do to the global economy.
U.S. stocks ended today's session sharply lower on the heels of rising geopolitical tensions between Russia and Ukraine. Melissa Brown, Managing Director of Applied Research at Qontigo, joins Cheddar News' Closing Bell to discuss.
President Joe Biden said Tuesday that the U.S. will begin to impose sanctions on Russia, calling recent troop movement into Ukraine an 'invasion.' Biden and other government officials including from the State Department have begun to classify the Russian troop movement as an invasion after Russian President Vladimir Putin ordered troops to two independent Ukrainian areas in an alleged "peacekeeping" mission — which the West considers an act of aggression. Biden said Russia will continue to pay 'an even steeper price' if it continues sending troops into Ukraine. What happens next? Will Putin find a way around these sanctions? Ariel Cohen, senior fellow at the Atlantic Council, joins Closing Bell to discuss Biden's remarks, how the West will protect Ukraine since it doesn't belong to NATO, and more.
