Billionaire Tom Steyer is putting his personal fortune behind an effort to get President Trump out of office. The "Need to Impeach" initiative started with a YouTube video, and now more than 4.7 Million people have signed its petition. Tom Steyer, Founder and President of "Need to Impeach," explains how he is trying to influence the political landscape.
"We are trying to enable the voice of the American people to be organized and heard by elected officials," said Steyer.
On whether this initiative is about electing more Democrats to Congress, Steyer says he does not have a specific step by step plan for how this is going to work out because "events are going to overtake all of this."
"It's like we are on a wild horse, and that horse is going to take us to some places we never expected," said Steyer. On Friday Special Counsel Robert Mueller charged thirteen Russians in a plot to interfere the 2016 U.S. presidential election through social media propaganda. President Trump tweeted in response, "Trump campaign did nothing wrong - no collusion!"
"The big question for this president is why is he not protecting the American people--why is he allowing a hostile foreign power to attack us," argued Steyer.
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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