*By Conor White*
FBI Director Christopher Wray on Wednesday contradicted claims by President Trump, the man who appointed him to the position, that Russia is no longer targeting the United States with cyberattacks.
At the Aspen Security Forum Wray remarked, "The intelligence community’s assessment has not changed, my view has not changedーwhich is that Russia attempted to interfere with the last election and continues to engage in malign influence operations to this day."
For Reason.com reporter Eric Boehm, Trump's repeated denial of Russia's activities can only mean one thing.
"The President clearly has personal interests, or some sort of interests, that are separate from what the U.S. intelligence community has when it comes to Russia," he told Cheddar on Thursday.
During a briefing this week, Trump denied that Russia poses any threat to Americans, simply responding "no" when asked about the danger.
Boehm explained that Trump may have reason to doubt American intelligence agenciesーbut that still doesn't explain his unwavering defense of Russian President Vladimir Putin.
"It's possible to believe that well, maybe we should trust everything that the head of the \[Office of the Director of National Intelligence\] or the director of the CIA or the head of the FBI tells us," he said. "At the same time Trump's behavior still doesn't really make sense."
For the full segment, [click here.]( https://cheddar.com/videos/trump-contradicts-fbi-director-on-russian-meddling)
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.
