These are the headlines you Need2Know:
* **First Transgender Candidate for Governor:**
Vermont has made history by selecting Christine Hallquist, a transgender woman, to be the Democratic nominee for governor. This is the first time in the U.S. a transgender person has been nominated by a major party for governor. For more on Hallquist's politics, [click here](https://www.washingtonpost.com/news/morning-mix/wp/2018/08/15/christine-hallquist-wins-vermont-primary-becoming-first-openly-transgender-major-party-nominee-for-governor/).
* **Pennsylvania Reports on Church Sex Abuse:**
A grand jury report found that hundreds of Roman Catholic priests in six Pennsylvania dioceses molested more than 1,000 children over decades ー and senior church officials systematically covered it up. The Pennsylvania attorney general says the dioceses kept "secret archives" documenting the widespread sexual abuse. Read the story, [here](https://www.nbcphiladelphia.com/news/local/Pennsylvania-Catholic-Church-Child-Sex-Abuse-Report-Grand-Jury-490837551.html).
* **Twitter Suspends Alex Jones:**
The far-right conspiracy theorist and creator of Infowars has been banned from tweeting and can't produce content on the social platform for seven days. Jones's page won't be taken down, but he can't post, retweet, or favorite others' tweets. Twitter said that Jones violated its rules when he posted a link to a video that called for supporters to get their “battle rifles” ready to use against the news media and other critics. Last week, Apple, Facebook, Spotify, and Youtube took down some of Jones's content. For more, [click here](https://www.theguardian.com/technology/2018/aug/15/twitter-suspends-infowars-alex-jones-abuse).
* **Sarah Huckabee Sanders Apologizes for Jobs Claim:**
The White House Press Secretary said Tuesday that President Trump created three times as many jobs for African-American workers during his time in office than President Obama did in two full terms. Bloomberg News fact- checked her statement with Labor Department data, showing Sanders's claim was way off. She later [tweeted](https://twitter.com/presssec/status/1029536929342214144) a correction and apologized for the inaccurate statistic, but defended the administration for creating 700,000 jobs for African-Americans. For more on the jobs figures, [click here](https://www.cnn.com/2018/08/14/politics/sarah-sanders-african-american-jobs-trump-obama/index.html).
Cheddar's Jill Wagner gets into the latest.
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President Joe Biden announced Friday that along with the European Union and the Group of Seven countries, the U.S. will revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
The consumer price index jumped 7.9 percent in February, marking a 40-year high for inflation in the U.S. This report comes less than a week ahead of the Fed's all important meeting. Kayla Bruun, Economic Analyst, Morning Consult, joined Cheddar's Opening Bell to discuss.
Markets opened lower amid hotter-than-expected inflation data, which surged to its highest level in nearly 40 years. Lisa Erickson, Senior Vice President and Co-Head, Public Markets Group, U.S. Bank joined Cheddar's Opening Bell to discuss the significance of this figure ahead of the Federal Reserve's FOMC meeting.
As the Russia-Ukraine war disrupts the global economy, sending markets on a roller coaster ride, gold remains hovering around $2,000 an ounce. Often seen as a safe haven in times of economic crisis, Jason Cozens, founder and CEO of gold-as-currency platform Glint Pay, joined Cheddar’s Opening Bell to discuss the latest gold rush, how the war is impacting prices, and how people can use Glint to trade in the precious metal. “You know the stock markets and cryptocurrencies are risky investments," he stated. "Whereas gold is just reliable money. It's no one else's liability if you own."
As Western sanctions weigh on Russia's economy, the country is at the risk of defaulting on its debt. Fitch ratings agency has downgraded Russia's debt for the second time in a week, warning a "sovereign default is imminent." Jesse Wheeler, Economic Analyst at Morning Consult, explains what that means, and how it could have ripple effects across the global economy.
Uber Lyft and Doordash are all set to spend $1 million dollars on a campaign and efforts to stop lawmakers from classifying their gig workers as employees. The campaign features TV and online ads highlighting Washington area workers who say they prefer the flexibility of being an independent contractor rather than following the model of a company employee. Professor at NYU. Stern School of Business and author of the sharing economy, Arun Sundararajan, joined Cheddar to discuss more.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
