Former US Vice President and Democratic presidential hopeful Joe Biden speaks about COVID-19, known as the Coronavirus, during a press event in Wilmington, Delaware on March 12, 2020. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)
Former Vice President Joe Biden focused his televised remarks on coronavirus Thursday on protecting and supporting American workers, emphasizing the importance of accurate and honest information about the spread of COVID-19, and criticizing the Trump administration's handling of the crisis.
Speaking from Delaware, the state he represented in Congress for nearly 40 years, the former vice president criticized President Donald Trump for hollowing out government agencies, presenting guidance contradicting health officials, and failing to act quickly to understand and track the outbreak.
"Unfortunately this virus laid bare the severe shortcomings of the current administration. Public fears are being compounded by a pervasive lack of trust in this president. Fueled by adversarial relationships with the truth that he continues to have," he said.
Biden released his own plan in response to the spread of coronavirus, calling it a roadmap for what to do right now and invited the current administration to follow its guidelines while also slamming the White House for its "severe shortcomings" during the crisis.
"President Trump is welcome to adopt all of it today," he said of the strategy posted to his website, which proposes free testing and treatment, emergency paid leave to individuals affected, and "mounting an effective national emergency response."
The current Democratic primary frontrunner also announced a shift in his campaigning plans going forward, with virtual events replacing upcoming rallies and gatherings. Some U.S. states have already banned large, public gatherings.
Biden's remarks come as Congress, struggling to pass a bipartisan aid package, suspended its recess scheduled for next week. It was revealed the President had met a Brazilian official on Saturday who has since tested positive for the novel coronavirus. Despite this, the president not been tested according to the White House.
The former vice president also hearkened back to his time in the Obama administration and its handling of the Ebola crisis, which struck in 2014, and pointed out the Trump administration's elimination of the office that President Obama relied on during that outbreak.
Though vaccines will take some time, Biden said that therapeutics should be available soon and referenced the 21st Century Cures Act he had championed when it passed during his time in office. The law expedited the testing and approval of experimental medical treatments.
Of the likely economic impacts of the COVID-19 outbreak, the former VP said, "This crisis will hit everyone, but it will hit folks who live paycheck to paycheck the hardest, including working people and seniors, Another tax cut to Google or Goldman or millionaires won't get the job done."
Biden's rival Senator Bernie Sanders delivered his own remarks later in the day on how to respond to the crisis on Thursday afternoon as well, and former candidate Senator Elizabeth Warren delivered her own remarks on the coronavirus weeks ago before she dropped out of the race.
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.
