With the Democratic National Convention set to kick off next week, former Vice President Joe Biden will announce his running mate in the coming days, Paige Hill, surrogate communications director for the campaign, told Cheddar.
"There are a number of diverse, dynamic, incredibly highly qualified women in this process and we will be lucky to announce very soon who will be joining us," she said.
Biden committed to selecting a woman as his running mate back in March and his shortlist reportedly includes Sen. Kamala Harris (D-Calif.), Sen. Elizabeth Warren (D-Mass.), Rep. Karen Bass (D-Calif.), and former National Security Advisor Susan Rice.
When it comes to defending Biden's pick against impending attacks from the Trump administration, Hill said the campaign's focus will be to remind voters of the future VP's "hard work."
"Whoever she is, we are going to support her and make it clear she has worked very hard to get to where she is," Hill explained.
While Milwaukee was set to be the home of this year's convention, the coronavirus pandemic has forced the nominating ceremony online. Hill said the campaign is taking the move in stride and is excited about Biden's chance to reach voters who otherwise might "not have felt part of a party convention before."
"You won't need a floor pass to experience the biggest moments up close," she noted. "We are going to reach folks where they are, talking about the issue they most care about right now."
Biden is expected to accept the nomination for president from his home state of Delaware.
As the DNC is set to take off a week before the RNC, Hill said the focus isn't on worrying about Republicans replicating their virtual conference, it's about rallying behind the person they believe will lead the U.S. out of a grim state.
"A convention of hope and leadership and for a leader that will unite us on day one," she stated.
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.
The House Select Committee investigating the Jan. 6 riots on Capitol Hill held its first primetime hearing on Thursday. Cheddar News speaks with legal analyst Tracy Pearson, who breaks down the biggest takeaways.
Fuel and oil prices have risen almost 17 percent since May, making the national gas prices reach nearly $5 a gallon. Andrew Lipow from consulting firm Lipow Oil Associates joined Cheddar News to discuss the future of gas prices. "The biggest issue on the oil market is really events that are beyond our control, which is what is happening over in Europe," he said, regarding the ongoing Russia Ukraine war. Lipow also said he predicted gas prices to hit $5.05 and that he's focused on the Biden administration's overtures in repairing a relationship with Saudi Arabia.
March For Our Lives will be returning this weekend to Washington, DC, in the wake of the recent mass shooting seen throughout the country. Marchers include Yolanda Renee King, the only granddaughter of Martin Luther King Jr. She joined Cheddar News to discuss the importance of the march and activism in general. "I just think that it's so important to have these rallies because we need to demand to our leaders and politicians that they pass legislation and that and we actually need to see action," she said.
Erika Alexander and Whitney Dow, directors of 'The Big Payback,' join Cheddar News to discuss their new film, 'The Big Payback.' It premieres Saturday, June 11 at the Tribeca Festival.
President Biden proposed a new rule that would add 500,000 chargers for electric vehicles nationwide. The proposal comes amid the rapid shift to EVs with dozens of automakers announcing plans for all-electric fleets within the next decade. But with the new surge will the U.S. have the proper infrastructure to keep up? Scott Painter, founder and CEO of Autonomy.com joined Cheddar's Opening Bell to discuss. "I really think the idea of standardization is a big deal. Standardization certainly makes it much better for everybody to be able to get a charge when they need one," he said.
The House select committee investigating the January 6th riots on Capitol Hill is opening its landmark series of public hearings. Cheddar News speaks with Mike Sozan, senior fellow at the Center for American Progress who explains how to follow the hearings and what to expect.
