The White House is demanding Michael Wolff not publish his upcoming tell-all "Fire and Fury." Axios' Alayna Treene joins Cheddar to break down the story that's turning the political and media worlds on their heads. She reveals whether she thinks the cease-and-desist letter counts as an admission that the contents of the book are true.
Next, we dive into the controversial media critic's background and history with the president. Despite critics complaints that Wolff's accounts are inaccurate, Axios reports he has dozens of hours of recordings to support claims made in his book. Despite shooting to number one on Amazon's top-sellers list, Treene discusses whether she thinks the White House's legal efforts will be successful in blocking the book's release.
Despite being attacked by President Trump, Steve Bannon is standing by his former boss. The Breitbart chairman had nothing but kind words to say about the president on his radio show, Thursday. Treene weighs the odds of whether Bannon will consider running for president in 2020.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
