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 Trump raised the possibility on Monday that missing and presumed-dead journalist Jamal Khashoggi may have been murdered by "rogue killers" from Saudi Arabia, a theory he floated to reporters after a phone call with Saudi King Salman.
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Larry Kudlow, director of the National Economic Council, isn't worried about the possible bankruptcy that former retail giant Sears is facing. He says the U.S. has a "dynamic economy," and that's part of the process.
The alleged murder of Washington Post journalist Jamal Khashoggi has major corporations rethinking their involvement in Saudi Arabia, even as President Trump avoids taking a stance. Jeanne Whalen, a reporter for the Washington Post, said this could be destructive to the Saudis' effort to diversify their economy as they move away from oil.
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Stocks rebounded at the market open Friday after a massive two-day sell-off. The Dow Industrials shot up by 400 points.
Stocks continued their slide in volatile trading Thursday. Some tech stocks rebounded, albeit slightly, while President Trump continued his attacks on the Fed.
After President Trump spoke out about the Fed on Wednesday, Rep. Tom Reed (R-NY) told Cheddar that he believes the U.S. is headed towards a debt crisis, if spending isn't brought under control soon.
Larry Kudlow, chief economic adviser to the president, told Cheddar's J.D. Durkin the administration remains bullish on the economy ー and he noted that the tech sector in particular was up 50 percent since President Trump's election, "even with this correction."
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