Political Fallout From Steve Wynn's Sexual Misconduct Allegations
David Siders, reporter for Politico, breaks down how Steve Wynn's resignation as RNC Finance Chair might affect Donald Trump and the GOP as a whole. Siders doesn't expect it to be a game changer.
Paul Ryan will donate contributions received from a Steve Wynn linked group following allegations of sexual misconduct against the casino mogul. Siders believes the biggest impact will be felt in Wynn's home state of Nevada where Senator Dean Heller (R-NV) is running in a tough race for re-election. Wynn has personally endorsed Heller's campaign. Since the allegations surfaced, Heller also pledged to donate contributions received from Wynn to charity.
Siders isn't sure this news will impact voters across the country since Wynn isn't very well known outside of Nevada. Siders says Wynn's resignation won't matter too much because the GOP will just find another wealthy person to take the chair.
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Rep. Ritchie Torres of New York talks about the importance of the historical Build Back Better Act and how these bills could help millions of Americans across the country.
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The Justice Department has filed a lawsuit to block Penguin Random House from acquiring its rival Simon & Schuster. The DOJ hopes this will block the merger, which it says would ultimately hurt authors and consumers nationwide. Barry C. Lynn, executive director of the Open Markets Institute, joined Cheddar to explain what the lawsuit signals about the Biden administration's approach to cracking down on antitrust, and why Amazon might be next.
The major markets took a breather Tuesday, with the Dow, S&P, Nasdaq, and Russell 2000 all finishing lower after notching record closes on Monday. Rhys Williams, Chief Strategist at Spouting Rock Asset Management, joins Cheddar News' Closing Bell, where he provides his biggest takeaways from the day's activity.
The U.S. economy added 531,000 jobs in the month of October, painting a better picture of the economy that analysts had expected. Jared Bernstein, Council of Economic Advisers Member for President Biden joined Cheddar's Opening Bell to discuss.
Election Day 2021 is in the books, and it wasn't a pretty picture for Democrats. Governor Phil Murphy narrowly won re-election in New Jersey and Republican Glenn Youngkin upset Democrat Terry McAuliffe in Virginia, with many other disappointing losses for the left. Meridith McGraw, national correspondent for Politico, breaks down the key takeaways from this year as the nation looks ahead to the 2022 midterms.
Markets opened higher to kick off the week as investors continue to digest the better-than-expected jobs report, which showed 531,000 new jobs created in October. Ken Johnson, CFA, Investment Strategy Analyst joined Cheddar's Opening Bell to break down his early market insights.
