While the first presidential debate has been widely deemed a disaster and raised questions about the remaining scheduled political bouts, Senator Bob Menendez (D-N.J.) said that former Vice President Joe Biden should still gear up for the long haul.
However, Menendez called on the Commission on Presidential Debates to make some serious changes before the next scheduled rounds. Wednesday afternoon, the Commission announced it will rethink conditions of debates moving forward.
"I think there should be debates but there has to be a different system in which the moderator has to have some control because otherwise the American people get nothing and the nation is further humiliated," he told Cheddar.
"I thought the debate was a national disgrace," Menendez added, placing most of the blame on Trump's incessant interruptions during Biden's responses.
The Democratic senator has long been critical of the president but more so recently, taking him to task on the Senate floor over his reported tax payments of $750 in 2016 and 2017. Menendez said it is absolutely an issue that the American people are concerned about.
"I think no one is happy to pay taxes but they are certainly extremely unhappy when the president of the country pays nothing and they pay more than their fair share," he said.
Menendez also raised questions about the vast amount of debt the president reportedly holds and whether the lenders are foreign entities. "The American people deserve to know that. Several national security experts say that raises a serious national security question."
Like many of his fellow Democrats, Menedez also opposes Trump's nomination of Judge Amy Coney Barrett to the U.S. Supreme Court, calling it a direct threat to the election and an unfair process to the American people.
"Millions of people are voting already. They should have a say in who nominates the next Supreme Court justice by virtue of being elected as president," he explained.
As more people use mail-in ballots in light of the coronavirus pandemic, Trump continues to undermine the legitimacy of the process, potentially setting up a Supreme Court battle that could decide the outcome of the election, but Menedez said that in America, "the people decide the election, not some justice on the Supreme Court."
"If this, in fact, nomination does come up for a vote, which it should not before the election, then I certainly would not be voting for her," Menedez said.
He also pointed to Barrett's position critical of the Supreme Court decision that upheld the Affordable Care Act and her potential ability to dismantle the national health care law as reasons to consider voting against her appointment to the bench.
While there wasn't much to celebrate following last night's debate, Menendez said currently he is enjoying Hispanic Heritage Month.
"Hispanic Heritage Month is important because it is a celebration of the contributions of a community that has had a history in our country since before the founding of the nation," he noted. "The largest minority, fastest-growing in the nation, a trillion-dollar domestic marketplace that comes from the community; and so, these are all the elements that we celebrate at this time every year."
Born to Cuban immigrant parents, who fled to New York City and later relocated to Union City, N.J. in the 1950s, Menendez said the values instilled in him as a young man by his parents carved the path he's currently on, ultimately leading him to become just the sixth Latino person to be elected to the U.S. Senate.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
Stock trading app Robinhood already has been offering cryptocurrency investments but seems further excited about the asset class following President Biden's recent announcement of an executive order. Dan Gallagher, the chief legal and corporate affairs officer for Robinhood, joined Cheddar News to talk about the White House's tentative vision for digital currency. "I think this executive order firmly states that, yes, crypto is here to stay, which it talks about the important competitive issues around crypto and how the United States needs to be a leader, a global leader, in innovation and technology regarding crypto," he said. Gallagher also discussed having clarity around meme stocks going forward but worried about overregulation slowing down innovation.
As Russia’s attack on Ukraine, the latest inflation report showed the consumer price index rose 7.9 percent — a 40-year high. Heather Boushey, a member of the White House Council of Economic Advisers, joined Cheddar News to discuss what American consumers might be in store for as prices keep rising. "Forecasters at this point believe that the American economy will be resilient," she said. "They’re still predicting that the unemployment rate will continue to be lower at the end of the year than it is today, and we are still seeing folks believe that over time prices will come back down." Boushey did note that it would be dependent on how long the current situation lasts.
Simon Shuster, TIME's Moscow correspondent joins Cheddar to discuss how Ukraine could become part of the EU and what it would mean for politics in Europe.
President Biden has banned imports of Russian oil to the U.S. in retaliation for its invasion of Ukraine. The president warned of higher prices at the gas pump, leading some analysts to think it could propel the transition to clean, renewable energy. Michael Jones, chairman and CEO of investment solutions company Caravel Concepts, discussed how the ban is hitting green energy stocks as gas prices continue to surge. "I think the 10-year prospects for renewables just got a whole lot better because ultimately this is going to force a transition into renewables," he said.
Amid ongoing tensions in the Russia-Ukraine region, many American travelers are nervous about traveling to Europe.
It comes at a time when international travel was set to make a comeback, but uncertainty surrounding the conflict may delay the overall recovery. Francesca Page, Travel Expert, joined Cheddar's Opening Bell to discuss.
Russia's invasion of Ukraine is coming for the global food supply. Ongoing tensions in the region are threatening the supply of various agricultural products including wheat, barley and corn. Vladik Rikhter, CEO & Cofounder of Zenput joined Cheddar's Opening Bell to discuss how this could impact food prices overseas.
Chris Natividad, CIO of EquBot, joins Cheddar News' Closing Bell, where he elaborates on what ultimately dragged the Dow, S&P, and Nasdaq lower on Tuesday and discusses how investors are reacting to rising oil prices and February CPI data coming out later this week.
