Rep McEachin (D-VA): Trump Administration Is Tone-Deaf on Offshore Drilling
One Virginia congressman is very “concerned” by a plan to expand offshore drilling.
Democratic Rep. Donald McEachin slammed the Trump White House on Monday for supporting the National Outer Continental Shelf Oil and Gas Leasing Program, despite growing bipartisan opposition.
“The Republican mayor of Virginia Beach has come out against it. Many Republicans in our city have come out against this plan,” he told Cheddar Monday. “What I really think it shows is that the Trump Administration is tone-deaf when it comes to issues like offshore drilling."
The proposed program, helmed by Interior Secretary Ryan Zinke, was unveiled in January and opposition is picking up steam. Virginia governor Ralph Northam, another Democrat, is meeting with environmental groups Monday to discuss their concerns.
The plan looks to open up more than 90 percent of U.S. continental waters for drilling and exploration. It diverges from an Obama era policy which set offshore drilling limits in efforts to protect the environment.
McEachin, a member of the House Committee on Natural Resources, said during the interview that Zinke’s bill will not benefit his constituents and could instead kill some 91,000 jobs.
As the U.S. continues to face supply chain shortages, President Joe Biden is reassuring U.S. consumers that the supply chain is in "very strong shape" ahead of the all-important holiday season. As supply bottlenecks start to show signs of improvement, the industry may be faced with yet another challenge: the Omicron variant. Rob Caucci, Co-Founder & Co-CEO of Fillogic joined Cheddar's Opening Bell to discuss.
Markets rebounded Monday morning after Friday's deep sell-off that saw the Dow suffer its worse day since 2020. It comes as investors continue to react to the impact of the omicron variant on the broader reopening. Eddie Ghabour, Co-Owner at the Key Advisors Group joined Cheddar's Opening Bell to discuss.
Markets bounced back this morning with travel leading the gains after plunging on Monday as the first case of Omicron was detected in the U.S. Jimmy Lee, CEO, Wealth Consulting Group joined Cheddar's Opening Bell to discuss.
The market saw investors react to comments by the World Health Organization's chief scientist, who suggested existing vaccines are likely to offer protection against the new variant. According to Thomas Hayes, chairman of Great Hill Capital, the next two weeks will be crucial as the markets watch for not only the effects of the Omicron variant, but also the Fed's decision on a taper.
It's Friday at long last. Jill and Carlo cover the latest on Omicron, including a possible superspreader event in NYC. Plus, previewing the November jobs report, a new Zoom feature no one asked for, and when it's no longer a good idea to eat Thanksgiving leftovers.
Following the Mississippi abortion case, the fate of Roe V. Wade is at stake. A decision is expected next summer, right around the time midterm candidates will be making their cases to voters. Laura Packard, executive director of Health Care Voter, joins Cheddar News to discuss how the ruling will impact upcoming elections.
Stock markets around the world continue to be impacted by fears of the new Omicron COVID-19 variant. President Biden today reiterated his stance that the new strain is cause for concern, but not cause for panic. Wells Fargo Investment Institute Global Equity Strategist Scott Wren joined Cheddar News' Closing Bell to discuss.
Jill and Carlo discuss what appears to be the beginning of the end of Roe v. Wade, another victim dies following the school shooting in Michigan, Omicron in the U.S., Trump's Covid chronology and more.
