California is ready to take on the Justice Department.
That’s according to San Francisco District Attorney George Gascón, who was responding to a lawsuit against the state brought by Attorney General Jeff Sessions over immigration laws.
“I find it very disingenuous that you have people that for generations talk about state rights and all of a sudden their talking about federal supremacy,” he said in a Cheddar interview Wednesday.
The Justice Department and immigration agencies this week sued California over its “sanctuary” laws, which prohibit local and state authorities, as well as private employers, from cooperating with federal immigration officers.
Sessions, who filed the suit Wednesday, said California’s policy threatens national safety.
Gascón, though, said the state doesn’t prevent immigration officials from going into California and doing their jobs. It’s simply not actively cooperating. He argued that immigrants are important to California’s social fabric and provide a “major economic engine.”
“I think that this is an administration that is failing on so many fronts, and what they’re trying to do is create another diversion,” he told Cheddar. “All of this is really a political stunt that is driven by very racist attitude and has nothing to do with public safety.”
For the full interview, [click here](https://cheddar.com/videos/inside-the-sanctuary-city-legal-battle).
Hopes of a Santa Claus Rally were dashed on Monday, as markets accelerated their declines on Christmas Eve in the wake of one of the Trump administration’s most tumultuous weeks yet. The Dow Jones Industrial Average shed 650 points on Monday, putting markets on pace for their worst December since the Great Depression.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
With uncertainty in Washington over a looming government shutdown, investors are keeping an eye on Wall Street. As stocks look to close at their worst spot in a decade, one expert says we have yet to hit the bottom. Jason Rotman from Lido Isle Advisors talked to Cheddar about what investors can expect in the new year.
These are the headlines you Need 2 Know for Friday, Dec. 21, 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 Most Outspoken Award Goes to Tim Cook.
Stocks plunged on Thursday for the second day running, as the renewed threat of a government shutdown over the Christmas holiday weekend contributed to residual market weakness after the Fed's latest rate hike.
CEO Mary Barra made national headlines when General Motors announced in late November that 14,000 salaried and hourly workers would be cut for the sake of the company's growth. Backlash against Barra was swift; it populated the White House Twitter feed and echoed through the hall of Congress.
These are the headlines you Need 2 Know for Thursday, Dec. 20, 2018.
Facebook can add another problem to its tally: a disappointing update to a civil rights audit the company posted on Tuesday, just hours before The New York Times published an explosive report on the company's mishandling of user data. The audit has been a "black box," according to Rashad Robinson, the president of Color of Change, one of the groups that has strongly criticized Facebook over civil rights issues on the platform.
Stocks plunged following the Federal Reserve's decision to hike interest rates for the fourth time this year, despite heavy criticism from President Trump that the central bank has been too aggressive in raising borrowing costs.
