President Trump's Chance To Kill The Iran Nuclear Deal Is Running Out
When President Trump returns to Washington in the new year, one of the first moves he could make is killing the Iran Nuclear Deal. He will only have a few weeks before coming up against legal deadlines to impose sanctions against Tehran.
Eugene Scott, Political Reporter at The Washington Post, breaks down the deadlines the president faces. On the campaign trail, President Trump promised to undo what he called the "worst deal ever."
The Obama-era deal lifted U.S. and European sanctions on Iran in exchange for limits on Tehran’s nuclear program. Many lawmakers and foreign policy advisers to the president are trying to persuade President Trump not to kill the deal. However, he did not take those same policy advisers' advice when it came to moving the U.S. Embassy in Israel to Jerusalem.
Cheddar's Chloe Aiello has our cannabis year-in-review, breaking down how several states legalized adult recreational use and greenlit medicinal use in 2021. She noted that while a cannabis legalization and decriminalization bill was introduced in Congress this year, potential FDA involvement in the industry, as well as a 25 percent excise tax, killed any chance the bill had of moving forward. Aiello also speculated that some form of cannabis reform could be rolled out in 2022, as the midterm elections draw closer.
Jim Worden, Chief Investment Officer at Wealth Consulting Group, joins Cheddar News' Closing Bell, where he says the period between Christmas and New Year's is difficult to predict due to a lack of institutional volume, with the Omicron variant adding even more uncertainty on Wall Street.
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.
David Stryzewski, CEO of Sound Planning Group, joins Cheddar News' Closing Bell, where he says that some of the major stock positions are getting the most lift to the upside as the major indexes climb higher to begin the week.
