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.
With the Fed about to the announce a 25 basis point interest rate hike on Wednesday, what exactly does this mean for investors, consumers, and businesses?
Ukrainian President Volodymyr Zelenskyy has summoned the memory of Pearl Harbor and the Sept. 11 terror attacks in an impassioned video plea to Congress to send more help for Ukraine’s fight against Russia.
In February, Senator Jeff Merkley (D-Ore.) and Representative Jamaal Bowman (D-N.Y. 16th District) introduced the Fair College Admissions for Students Act. The bill looks to curb the admissions advantage given to the children of alumni and donors for colleges and universities. Sen. Merkley joined Cheddar news to discuss the push behind the legislation. "My dad was a mechanic. I was applying to schools around the country. I never thought about the fact that those students who came from the most privileged backgrounds also got a special advantage in applying to college," he said. "They take up 10-25 percent of the slots at many of our universities, and so this is kind of affirmative action for those who need it least rather than a level playing field for everyone else." If enacted, the law would amend the Higher Education Act of 1965 doing away with legacy or donor status admissions for any school participating in the federal student aid program.
Nancy Daoud, a private wealth adviser for Ameriprise Financial, joins Cheddar News' Closing Bell, where she discusses what led to a sharp spike on Wall Street during Tuesday's session and what she will be watching for most closely when the Fed announces it latest policy decision on Wednesday.
Russia's economy is effectively at a standstill after it was slapped with extensive western sanctions, and now it has to make the first of four monthly interest payments on dollar bonds. It's likely the country will not be able to pay — so what happens next? Major credit ratings agencies have downgraded Russian sovereign debt, with Fitch issuing a 'C' rating and S&P Global Ratings issuing a 'CCC-' rating. Caleb Silver, Editor in Chief of Investopedia, joins Closing Bell to discuss what a Russian debt default could mean for Russia's economy, U.S. consumers who have pensions with exposure to Russian assets, and whether this could create a global financial crisis.
With the number of Ukrainians being displaced due to the Russian invasion surging, two students from Harvard took it on themselves to develop a website to help connect potential hosts with refugees seeking housing. The co-founder of the website Ukraine Takes Shelter, Marco Burstein, joined Cheddar news to discuss working together with fellow freshman Avi Schiffmann to streamline the effort to aid Ukrainian refugees. "We basically worked for three days straight developing the website, and since then the response has been pretty incredible," Burstein said.
Over three weeks ago, WNBA player Brittney Griner was arrested in Russia on drug charges. According to reports, the Star arrived at an airport near Moscow where authorities found Vape cartridges and hashish oil in her luggage. Grindr faces serious charges that could carry a possible sentence of 5-10 years in a Russian prison. Experts warn that Griner's arrest could be used as a bargaining chip. Partner at Stroock & Stroock & Lavan, Thomas Firestone, joined Cheddar to discuss more.
