Despite months of protests across the U.S. this summer, policing in America is coming under scrutiny once again after police in Kenosha, Wisconsin shot Jacob Blake, an unarmed Black man, in front of his children. Now Congresswoman Yvette Clarke (D- N.Y. 9th District) is imploring the Senate to finally move on the George Floyd Justice in Policing Act, which was passed by the House of Representatives in June.
"We've yet to see any real meaningful action around that legislation," Clarke told Cheddar. "There can't be another generation of Black children raised in this climate and subjected to the inhumanity that unfortunately can lead to death in this nation."
While Blake survived being shot multiple times by an officer on Sunday, his family has reported that he is paralyzed from the waist down.
When it comes to government action on policing in America, Clarke said states like New York have been responsive and are taking steps to provide transparency and accountability but action needs to be taken on the federal level.
"We need national policy. This is a problem from New York to Wisconsin. We're seeing, again, this bias that can be deadly within the policing infrastructure in our nation," Clarke continued.
While Senator Kamala Harris already co-sponsored the act in the Senate, Clarke is hopeful that as the potential vice president, she will be able to do more.
Clarke also championed Harris' nomination for the vice presidential role as a step in the right direction and an opportunity to "bridge that divide" of racial inequality in the U.S.
"It's reflective of the diversity of the party that we know today in terms of gender, in terms of background, race, ethnicity, and I think it's very refreshing," she said.
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.
