Mike Bloomberg, three-time mayor of New York City, was not on the Democratic debate stage last night, but his senior advisor Tim O'Brien told Cheddar Friday that Bloomberg's time governing a major metropolis will help him moving forward.
"He has a long list of policy prescriptions that are not only promises but are based on the fact that he's governed and delivered on solutions to voters in the past," he said.
Bloomberg, whom O'Brien said is "nipping at Pete Buttigieg's heels," did not qualify for last night's debate because his campaign is self-funded. He is relying on a different approach in what he hopes is his path to success, already outspending his Democratic opponents on television and online ads.
The candidate has spent at least $24 million on Google and Facebook already, nearly matching President Trump's $31.6 million in ad spending on the platforms this year.
The other 2020 Democratic candidates have also sparred over the subject of experience, and the sixth Democratic debate last night was no different. Senator Amy Klobuchar challenged Mayor Pete Buttigieg for the South Bend mayor's lack of time spent in national governance.
"The last time we debated, you, basically, mocked the 100 years of experience on the stage," Klobuchar told Buttigieg. "I just think you should respect our experience when you look at how you evaluate someone who can get things done."
Catching you up on the stories you need to know this morning, the U.S. could soon get its first major gun safety law in years, the House Select Committee investigating the January 6th attack on the U.S. capitol holds its second hearing, and today might just be the day the Supreme Court overturns Roe v. Wade, and decides on new gun laws.
U.S. stocks closed Thursday at their lowest levels of the trading day, as investors continue to eye inflation ahead of the May CPI report out Friday. Art Hogan, Chief Market Strategist for National Holdings, joins Cheddar News' Closing Bell to discuss.
The PGA has suspended 17 golfers, including Phil Mickelson and Dustin Johnson, who are competing in a Saudi-backed golf event outside of London. In a memo, commissioner Jay Monahan said "these players have made their choice for their own financial-based reasons", announcing they are ineligible to participate on the PGA tour or any other tours it sanctions. Hugh Kellenberger, Senior Managing Editor at the Athletic, breaks down the controversy, and what might happen next.
U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Benefits brokerage, Nava Benefits, raised $40 million in a Series B round. Nava says it's on a mission to fix healthcare, one benefits plan at a time. The startup is working to bring benefits to small business that are normally available to only Fortune 500 companies. Brandon Weber, Co-Founder and CEO of Nava Benefits, joined Cheddar News' Closing Bell to discuss.
