Former White House advisor Steve Bannon testified in a closed-door hearing on Tuesday with the House Intelligence Committee. The hearing about questions surrounding ties between the Trump campaign and Russia. Axios' National Political Reporter Jonathan Swan explains what he's learned about Bannon's testimony, and the way members of Congress are reacting.
"Bannon walks in the room and in the opening remarks his lawyer says 'we are not going to talk about anything that happened inside the White House or the transition,'" describes Swan. The congressional committee members were reportedly pretty angry about this start to the meeting, reports Swan.
During the meeting Bannon admitted he had conversations with Reince Priebus, Sean Spicer, and legal spokesman Mark Corallo about Donald Trump Jr.'s alleged meeting with Russians in Trump Tower, according to Swan. This is a conspicuous screw-up to what was originally planned, and is at the center piece of the Russian investigation.
President Donald Trump said that he will sign an executive order “to temporarily suspend immigration into the United States” because of the coronavirus.
A chorus of governors from both parties pushed back hard Monday after President Donald Trump accused Democrats of playing “a very dangerous political game” by insisting there is a shortage of tests for coronavirus. The governors countered that the White House must do more to help states do the testing that's needed before they can ease up on stay-at-home orders.
Rep. Ami Bera (D-Calif. 7th District), a doctor himself, added his voice to the chorus of experts on Monday, giving the commander-in-chief a C-minus.
Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders didn’t want to get stuck owning crude oil with nowhere to store it. A barrel of benchmark U.S. oil for May delivery fell to negative $3.70 per barrel.
Shake Shack, one of the chains that received money, said Monday it will return its loan to give smaller restaurants a chance to get government money. Congress and the White House are close to an agreement that would add $300 billion to the program.
Peter Maurer, president of the International Committee of the Red Cross (ICRC), told Cheddar Monday that the countries that drew the most concerns could take this opportunity to build better health systems going forward.
New York City won’t allow public events in June, including three of the city’s major annual celebrations: the National Puerto Rican Day Parade, the Celebrate Israel parade, and the Pride parade on its 50th anniversary.
Stocks are falling in early trading on Wall Street as oil prices collapse and momentum from a recent rally faded. Crude prices are plummeting amid concerns that storage facilities are close to being full.
The United States is struggling to test enough people for the novel coronavirus so officials can track and control the spread of the disease.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
