Rep. O'Rourke (D-TX) to Dreamers: Pressure Creates Change
Texas Congressman Beto O'Rourke, a Democrat, joined Cheddar to discuss the ongoing fight to save the Dreamers Act, also known as DACA.
He mentioned his recent conversations with dozens of undocumented immigrants who came to the States as children, noting that their biggest concerns are losing their jobs, their homes, and the communities they have built for themselves. In addition, they also want their families to be safe, and do not want to benefit at the cost of their family's immigration status.
If a fix is not agreed upon by next March, 800,000 Dreamers will be at risk of losing their homes in the U.S. Therefore, Rep. O'Rourke mentioned the immigration legislation which he introduced, and encourages protesters to continue pushing the conversation, so that politicians can listen to them.
We also spoke with the O'Rourke about his fight to take on Ted Cruz for his Senate seat in 2018. He recently came under scrutiny for his decision to leave the House and try for the Senate in a state that tends to lean Republican.
During the conversation, O'Rourke made his case for why his policies on healthcare and job creation are better for the people of Texas. He said that he's excited to be part of a historic race, taking on a multi-term Senator like Cruz.
President Joe Biden announced Friday that along with the European Union and the Group of Seven countries, the U.S. will revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
The consumer price index jumped 7.9 percent in February, marking a 40-year high for inflation in the U.S. This report comes less than a week ahead of the Fed's all important meeting. Kayla Bruun, Economic Analyst, Morning Consult, joined Cheddar's Opening Bell to discuss.
Markets opened lower amid hotter-than-expected inflation data, which surged to its highest level in nearly 40 years. Lisa Erickson, Senior Vice President and Co-Head, Public Markets Group, U.S. Bank joined Cheddar's Opening Bell to discuss the significance of this figure ahead of the Federal Reserve's FOMC meeting.
As the Russia-Ukraine war disrupts the global economy, sending markets on a roller coaster ride, gold remains hovering around $2,000 an ounce. Often seen as a safe haven in times of economic crisis, Jason Cozens, founder and CEO of gold-as-currency platform Glint Pay, joined Cheddar’s Opening Bell to discuss the latest gold rush, how the war is impacting prices, and how people can use Glint to trade in the precious metal. “You know the stock markets and cryptocurrencies are risky investments," he stated. "Whereas gold is just reliable money. It's no one else's liability if you own."
As Western sanctions weigh on Russia's economy, the country is at the risk of defaulting on its debt. Fitch ratings agency has downgraded Russia's debt for the second time in a week, warning a "sovereign default is imminent." Jesse Wheeler, Economic Analyst at Morning Consult, explains what that means, and how it could have ripple effects across the global economy.
Uber Lyft and Doordash are all set to spend $1 million dollars on a campaign and efforts to stop lawmakers from classifying their gig workers as employees. The campaign features TV and online ads highlighting Washington area workers who say they prefer the flexibility of being an independent contractor rather than following the model of a company employee. Professor at NYU. Stern School of Business and author of the sharing economy, Arun Sundararajan, joined Cheddar to discuss more.
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.
