Seven presidential hopefuls will gather this evening at Loyola Marymount University in Los Angeles for the sixth Democratic debate, and a senior advisor to Sen. Bernie Sanders told Cheddar he does not expect Donald Trump's impeachment to change the rhetoric of the field tonight.
"I think there will be a question about it because it's so fresh and we're coming off the heels of this big day that happened in Washington, DC, but people here at this debate, especially Senator Bernie Sanders are going to stay focused on his core issues… We're going to talk about the brick and mortar issues that have propelled Bernie Sanders to the top in the California polls," Chuck Rocha said.
Sanders surged in a California poll last week. California, which votes on Super Tuesday, promises almost 500 delegates, yielding influence over the presidential primary's ultimate result. In 2016, Sanders trailed in California to Hillary Clinton, who later claimed the Democratic nomination.
California's decision to move its primary up for the 2020 race this year from June to March makes its outcome even more significant. The Golden State has a more diverse population than Iowa and New Hampshire, which vote in February, and will have the largest number of delegates at next summer's Democratic convention.
Rocha thinks the Vermont senator's appeal to young, diverse voters will help propel him to the nomination. "We have such huge support among young people of color," he said. Only one non-white candidate, entrepreneur Andrew Yang, will be on the stage tonight and recent Quinnipiac polls put Yang fourth in the demographic group under 35, which Sanders leads.
"It's time for the working families of this country to have a voice… that's what we stand for and that's what Senator Sanders will continue to stand for," Rocha said.
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.
