Within the hallways of the U.S. Capitol, there is growing confidence by GOP Senators that Senate Majority Leader Mitch McConnell can whip his caucus to block a vote on witnesses Friday.
While returning to the chamber after a short break Thursday, Senator Tim Scott (R-S.C.) told Cheddar he's "feeling good" about tomorrow's expected vote.
Senator John Barrasso (R-Wyo.) told reporters during the break that Republicans have the "momentum" to move to end the trial tomorrow without witnesses. "If we're able to say no [to witnesses] and go right to final judgment, we'd move in that direction and stay here until that work is decided and completed Friday evening. That's where all the momentum is now."
Still up for debate is what, exactly, happens, if the Republicans vote to end the debate on witnesses quickly.
Meanwhile, back in the chamber, lead impeachment manager Adam Schiff said witness depositions could be limited to just one week and said that the trial should not be rushed just because the State of the Union is Tuesday.
After the break, Senators asked two bipartisan questions, both of which were from senators who may still be undecided on the issue of whether to allow witnesses. First, Senators Joe Manchin (D-W.Va.), Susan Collins (R-Maine), Lisa Murkowski (R-Alaska), and Kyrsten Sinema (D-Ariz.) asked the defense team if the president would assure them that private citizens would not be directed to conduct foreign policy unless formally designated by the president and the State Department.
Murkowski and Senator Brian Schatz (D-Hawaii) submitted the second bipartisan question, asking if any action a president takes is inherently political and where the line is between permissible political actions and impeachable political actions.
In President Bill Clinton's impeachment trial, there was only one bipartisan question asked, which Sen. Collins had signed onto at the time.
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.
