Jamaal Bowman speaks to attendees during his primary-night party Tuesday, June. 23, 2020, in New York. Bowman was running against Rep. Eliot Engel, D-N.Y., in the primary. (AP Photo/Eduardo Munoz Alvarez)
In New York's June primary, Jamaal Bowman, an educator from the NYC suburbs running an unabashedly progressive insurgent campaign appeared to topple Rep. Eliot Engel, a 16-term incumbent, for the Democratic nomination in the state's 16th Congressional district, though Engel is now suing to challenge the validity of mail-in ballots.
Bowman told Cheddar on Thursday that he's "not worried at all" about the suit, noting that as more absentee ballots are counted, his vote count is actually widening and the delta is now about 13,000 votes.
"We want every vote to be counted as well," Bowman said. "We're very comfortable with where we are."
As Bowman seems likely to be heading to Congress — NY-16 is about as blue a district as there is and the Democratic nominee is expected to coast to victory in November — he says it's critical that the U.S. pandemic response takes a less "top-down" approach when it comes to vexing problems like whether or not to open schools in the fall.
Bowman, a middle school principal by vocation, said: "We are not ready to open schools, because we have not brought the full resources of the federal government to bear." He called on officials to get serious about "innovative" ways to safely reopen, from prioritizing alternative spaces for learning to redesigned ventilation systems in school buildings. But right now, there are "too many unanswered questions" to safely reopen, he said.
The presumptive nominee also said he'd give President Trump a grade of "less than zero" for his response to the racial unrest and protests that have gripped the nation since the death of George Floyd.
"President Trump is a racist. He is a fascist. And he wants to maintain an order of white supremacy," Bowman stated.
JetBlue made an unsolicited offer to buy low-cost carrier Spirit Airlines, potentially jeopardizing the original offer from Frontier Airlines. Several analysts sounding the alarm on JetBlue's proposed $3.6 billion merger, saying the deal doesn't quite make sense. Jim Corridore, Senior Insights Manager at Similarweb joined Cheddar's Opening Bell to discuss.
The Biden administration is once again extending the pause on federal student loans payments — this time, through the end of August. In a statement, President Biden cited a recent analysis from the Fed that if the payments were to resume, millions of student loan borrowers would face significant "economic hardship, delinquencies, and defaults that could threaten America's financial stability." Sarah Foster, an analyst at Bankrate, breaks down the impact of the extension on borrowers, the economy, and the future of student loan forgiveness. "I think this is just an instance of the federal student loan forbearance program kind of creating additional uncertainty for borrowers, especially in the sense that these past four extensions from the Biden administration have kind of come at the 11th hour here," she said.
Thousands of cryptocurrency enthusiasts are gathering in Miami as the city builds its reputation as one of the key locations to develop the blockchain technology despite its underdog status.
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President Biden is trying to help Americans at the pump by tapping into U.S. oil reserves in an unprecedented way. He also announced several steps to punish oil companies. Lisa Whalen, automotive and mobility analyst at Morning Consult, joins Cheddar News to discuss.
U.S. markets closed higher to end Monday's session, with tech stocks leading the advance. Gene Goldman, Chief Investment Officer at Cetera Financial Group, joins Cheddar News' Closing Bell to discuss the potential future of the major U.S. indexes, and how factors like policy moves from the federal reserve and the ongoing Ukraine-Russia war could impact volatility.
Prices at the pump have soared in recent months, and House Democrats pointed the finger at Big Oil on Wednesday during an adversarial congressional hearing.
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