As the ranking member of the House Intelligence Committee, Devin Nunes has recently been in the spotlight for his pro-Trump support during recent impeachment inquiry hearings. But like all members of Congress, he has an election coming up in 2020 and his Democrat challenger says his campaign has seen an outpouring of support since the hearings began.
"We've received over $300,000 in contributions since the beginning of this impeachment hearing from over 10,000 individual contributions," said Phil Arballo, who is trying to win the seat for California's 22nd District — a seat which Nunes has held since 2003.
Arballo, a Mexican-American businessman, entered the Democratic primary for the seat in June but said his campaign has seen a "groundswell of support" since attention shifted to Nunes during the hearings last week.
"As a constituent of his, and I can tell you from talking to a lot of people every day here on the ground, it's embarrassing, that he's our representative, here. He does not represent us here," Arballo said of the Central Valley.
Nunes defeated his Democratic challenger in 2018, but Arballo thinks the tide will turn in 2020.
"It's a very winnable seat," he said. "Everything is trending in the right direction for our race next year."
Nunes is not the only Republican whose role in the hearings may be helping Democratic challengers. Rep. Elise Stefanik of New York's 21st Congressional District played a prominent role in the hearings. Her 2020 challenger Tedra Cobb, who unsuccessfully challenged Stefanik in 2018, announced her campaign raised $1 million the weekend after the impeachment hearings.
The U.S. cannabis industry is on track to hit almost $25 billion in sales, according to New Frontier Data. Vivien Azer, managing director and senior research analyst at Cowen, and Russell Stanley, managing director and equity research at Beacon Securities Limited, join Cheddar News to give their predictions for the budding industry in 2022.
Rep. Earl Blumenauer (D-Ore. 3rd District), the co-chair of the Congressional Cannabis Caucus, joined Cheddar's "Cannabiz" to discuss the state of marijuana legalization on the federal level as more states continue to greenlight medical and adult use. He stated that there couldn't be a better time to revise the old policies on marijuana with more than 90 percent of Americans, including a majority of Republicans, on board. "This tidal wave of support continues. There were five states that approved in the last general election, and I think, rather than one single event, it is this momentum and the demonstration of broad public support that is making the difference," Blumenauer said.
Megan Horneman, Director of Portfolio Strategy at Verdence Capital Advisors, joins Cheddar News' Closing Bell, where she says there is some profit-taking ahead of the upcoming Fed meeting, and elaborates on some of the topics investors will be watching for more closely this week.
Rachel Bachman, senior sports reporter at the Wall Street Journal, joins Cheddar News' Closing Bell, where she explains how U.S. athletes have been inserted into the middle of a political debate after the country declared a diplomatic boycott of the upcoming Olympic Games in Beijing.
Lance Ippolito, Head Trader at the Future Of Wealth, joins Cheddar News' Closing Bell where he discusses the factors that have contributed to the recent slide of major cryptocurrencies like Bitcoin and Ether.
President Biden spoke with Russian President Vladimir Putin for the fourth time this year. Biden and Putin spoke for two hours about the massing of Russian troops and materials near the Russian border with Ukraine. Various outlets have reported that the U.S. has intelligence that Russia could be planning an invasion of Ukraine in the next few months. Both countries said the call was productive, but the situation remains tense.
Hagar Chemali, foreign policy expert and host of "Oh My World!" on YouTube, joins Cheddar Politics to discuss.
A recent Wall Street Journal poll indicated that Hispanic voters are up for grabs for the upcoming midterm elections, with 41 percent of respondents saying they would vote for Democrats and 44 percent for Republicans. Bryanta "Bre" Maxwell, a Democratic Strategist, former political director for Jaime Harrison's senate campaign, and principal and CEO of Indigo Consulting, LLC, joined Cheddar to break down the numbers and to dive into what this specific electorate is looking for as the balance of power in Congress hangs in the balance in 2022.
