Rep. Kinzinger Thinks Trump "Gets" How To Deal With North Korea
The United States has tried to be patient with North Korea for 25 years now, but the strategy has led to a country that is just shy of developing an intercontinental ballistic missile, a Republican congressman told Cheddar.
Illinois Representative Adam Kinzinger said that after having lunch with President Donald Trump, he is confident that the U.S. is now moving in the right direction.
“When you use diplomacy against an adversary, the only way it really works is with a credible military threat behind it, ”Kinzinger said.
Trump, who’s currently on a multi-nation trip to Asia, has made his intent to denuclearize North Korea clear. According to the White House, this is one of the goals of his trip.
“President Trump will stress the United States’ commitment to the complete, verifiable, and permanent denuclearization of the Korean Peninsula and will call on all responsible nations to act now to ensure that the North Korean regime cannot threaten the world with nuclear devastation,” the White House reports.
Kinsinger maintains, however, that while Trump “gets” how to deal with North Korea and previously emphasized the importance of having a strong military threat, the president is now looking to exhaust all viable options before resorting to military action.
With this Indo-Pacific trip, Trump is sending a dual message to both North Korea and the country's allies and adversaries, Kinzinger said.
“To our friends: hey, join us in trying to make sure that North Korea does not get a nuclear weapon; it’s in all of our interests,” he said. “To our adversaries: why don’t you join us to help us ensure this as well.”
Rebecca Walser, President of Walser Wealth Management, joins Cheddar News' Closing Bell, where she discusses the factors behind Monday's surge on Wall Street and explains why investors will likely experience volatility in the market throughout the month of December.
Cheddar's Chloe Aiello joined "Closing Bell" to break down the progress of the SAFE Banking Act in Congress as cannabis businesses operators struggle to find financial institutions that will service them. Banks face steep federal penalties, including the risk of losing a bank charter, if found to be servicing marijuana businesses even if their state has legalized operations. Aiello reported that while there was some bipartisan support for the measure in the Senate, the bill faces some opposition from conservatives with "longstanding concerns" about cannabis and progressives who prefer a more comprehensive approach to reform.
Head of Instagram Adam Mosseri is slated to testify this week in front of the Senate Commerce Subcommittee after a Wall Street Journal report that found the Meta-owned social media platform is negatively impacting the mental wellness of teen girls.
Chinese regulators are reportedly behind China-based ride-hailing company DiDi exiting from the New York Stock Exchange, just days after listing earlier this year. The regulators stated prior that DiDi had not received the necessary clearances to list in the states. Gordon Chang, Asian affairs expert, joined Cheddar to break down what the delisting says about the relationship between nations. "This really strikes me as an attempt to really to force a decoupling of China and the U.S. in the financial markets," Chang said.
U.S. Futures were pointing to a higher open to round out the week despite a miss on the November Jobs Report, which showed slower job growth than expected-- and as the omicron variant continues to spread across the country. Patrick Healey, Founder & President at Caliber Financial Partners joined Cheddar's Opening Bell to discuss.
Just days after the detection of the Omicron variant, the World Health Organization has agreed to start the process of establishing a global pandemic treaty or accord. Amy Maxmen, senior reporter for Nature, and Dr. Samuel Scarpino, managing director for the Rockefeller Foundation's Pandemic Prevention Institute, joined Cheddar to discuss this effort and what lessons can be learned from the many COVID-19 failures as the world prepares for future pandemics.
It's a mixed bag for the November jobs report. Hiring slowed last month as employers only added 210,000 jobs, massively missing the estimate of 550,000. But there was one bright spot: the unemployment rate fell to 4.2%, with the number of unemployed people dropping to 6.9 million. Both of those numbers are considerably down from their highs at the end of the 2020 recession. Heather Boushey, a member of President Biden's Council of Economic Advisers, joined Cheddar to discuss the report and the state of the country's ongoing economic recovery.
