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.
With oil prices nearing 18-month lows, John Hofmeister, former president of Shell Oil, is worried about the negative impact of lower prices. In fact, he says, if prices drop below
$40 a barrel, the cost of production will exceed the revenue it brings. That said, Hofmeister noted that lower oil prices are having a big impact on the consumer. People are driving more, and the impact hits everything from plastics to clothing and air fares.
These are the headlines you Need 2 Know for Friday, Dec. 28, 2018.
New Year's Eve is set to generate major cannabis sales, second only to the iconic marijuana holiday 420, according to MJ Freeway. The global cannabis technology and data company predicts total U.S. sales on New Year's Eve 2018 could reach up to $75 million, within striking distance of the $80 million generated in sales on April 20.
Kansas Rep. Stephanie Clayton is leaving the Republican Party behind after the GOP leaders in her state pulled their support for a bipartisan plan to fund the local education system in what she called a "power play" to damage the incoming Democratic governor.
When U.S. Attorney General Jeff Sessions moved to undermine Obama-era marijuana industry protections in January, there was little indication how pivotal 2018 would prove to be for the cannabis industry. As 2019 approaches, Cheddar is now looking ahead to next year and forecasting what's in store for the U.S. marijuana industry.
These are the headlines you Need 2 Know for Thursday, Dec. 27, 2018.
As Cheddar reflects on 2018, we are profiling the most innovative, flamboyant, and often-controversial entrepreneurs and corporate leaders who delivered the year's most memorable moments in business. Of the CEO Class of 2018, who was crowned Biggest Flirt? Class Clown? Cheddar's Sleeper Success Award Goes to Satya Nadella.
2018 was a dramatic year on the political stage ー but more drama is yet to unfold as new players enter the scene, promising more disruptions in Washington. In anticipation of a new year and a new Congress, we’re gazing into Cheddar’s Crystal Ball to bring you our predictions for the politicos to watch.
After a Christmas Eve plunge that sent the Dow Jones Industrial Average tumbling 650 points, stocks spiked in a massive rally on Wednesday, with the Dow booking the largest single day of point gains in its history.
These are the headlines you Need 2 Know for Wednesday, Dec. 26, 2018.
