Sen. Bernie Sanders, who saw his once-strong lead in the Democratic primary evaporate as the party’s establishment lined swiftly up behind rival Joe Biden, ended his presidential bid on Wednesday, an acknowledgment that the former vice president is too far ahead for him to have any reasonable hope of catching up.
The Vermont senator’s announcement makes Biden the presumptive Democratic nominee to challenge President Donald Trump in November.
Sanders plans to talk to his supporters later Wednesday.
Sanders initially exceeded sky-high expectations about his ability to recreate the magic of his 2016 presidential bid, and even overcame a heart attack last October on the campaign trail. But he found himself unable to convert unwavering support from progressives into a viable path to the nomination amid “electability” fears fueled by questions about whether his democratic socialist ideology would be palatable to general election voters.
The 78-year-old senator began his latest White House bid facing questions about whether he could win back the supporters who chose him four years ago as an insurgent alternative to the party establishment’s choice, Hillary Clinton. Despite winning 22 states in 2016, there were no guarantees he’d be a major presidential contender this cycle, especially as the race’s oldest candidate.
Sanders, though, used strong polling and solid fundraising — collected almost entirely from small donations made online — to more than quiet early doubters. Like the first time, he attracted widespread support from young voters and was able to make new inroads within the Hispanic community, even as his appeal with African Americans remained small.
Sanders amassed the most votes in Iowa and New Hampshire, which opened primary voting, and cruised to an easy victory in Nevada — seemingly leaving him well positioned to sprint to the Democratic nomination while a deeply crowded and divided field of alternatives sunk around him.
But a crucial endorsement of Biden by influential South Carolina Rep. Jim Clyburn, and a subsequent, larger-than-expected victory in South Carolina, propelled the former vice president into Super Tuesday, when he won 10 of 14 states.
In a matter of days, his top former Democratic rivals lined up and announced their endorsement of Biden. The former vice president’s campaign had appeared on the brink of collapse after New Hampshire but found new life as the rest of the party’s more moderate establishment coalesced around him as an alternative to Sanders.
Things only got worse the following week when Sanders lost Michigan, where he had campaigned hard and upset Clinton in 2016. He was also beaten in Missouri, Mississippi and Idaho the same night and the results were so decisive that Sanders headed to Vermont without speaking to the media.
Sanders had scheduled a rally in Ohio but canceled it amid fears about the spread of coronavirus — and the outbreak kept him home as his campaign appeared unsure of its next move. The senator addressed reporters the following day, but also sounded like a candidate who already knew he’d been beaten.
“While our campaign has won the ideological debate, we are losing the debate over electability,” Sanders said then.
Beginning in November, fully vaccinated international travelers will be able to enter the United States after months of travel restrictions. People under the age of 18 and those from countries without easy access to vaccines will not be required to be vaccinated but all travelers will need to show negative COVID test results before entering.
Apple could soon face a Department of Justice antitrust lawsuit after intensifying its probe into the tech giant, according to a report. The added scrutiny comes after the tech giant had already faced questioning in Washington and concluded an antitrust case brought by Epic Games.
Last week, shares of Digital World Acquisition Corp skyrocketed after following Former Present Trump's announcement that he would be partnering with the company as part of a Special Purpose Acquisition Company, or SPAC. Christian Munafo, Chief Investment Officer of Liberty Street Advisors and portfolio Manager of the Private Shares Fund broke down the latest, including whether or not Wall Street is currently experiencing a SPAC boom.
Jill and Carlo cover the news out of Facebook's latest earnings, Tesla's monumental day, Dave Chappelle addresses controversy and the tragedy of the climate emergency.
Stocks began the week on a high note, with two indexes - the Dow and the S&P 500 - each closing at a record high. Brian Levitt, Global Market Strategist at Invesco, joins Cheddar News' Closing Bell, where he explains why the conditions were in place for a jump during the session and provides insight on inflation concerns in the United States.
The price of Bitcoin hit a new all-time high last week following the Wall Street debut of ProShares Bitcoin Strategy ETF. Todd Cipperman, Founding Principal for Cipperman Compliance Services, joins Cheddar News' Closing Bell, where he explains why ProShares' ETF got off to a hot start while Valkyrie's Bitcoin Strategy ETF, which debuted just days later, did not.
Rishi Bharwani, the director of partnerships and policy for nonprofit Accountable Tech, joined Cheddar to discuss the hot button topic of regulatory oversight of social media giant Facebook. Bharwani discussed the bipartisan pieces of legislation already making their way through Congress and said the body should pass stronger data privacy laws, ban surveillance advertising, and require meaningful accountability and transparency from the company. "Now I think we've reached a boiling point where congressional action is needed and inaction is no longer acceptable," he said. Bharwani also called for a concurrent investigation into Mark Zuckerberg's company.
The United Nations COP26 climate talks are scheduled for October 31 to November 12 in Glasgow, Scotland. Heads of state will be joined by private sector leaders to once again discuss the shrinking window of time left to take action against global temperature rise. Barbara Humpton, CEO of focused technology company Siemens U.S., is also attending and spoke to Cheddar about what she hopes to see during the conference for both the public and private spheres. "What we are really urging is that there are large commitments made in Glasgow and that we really commit to this next decade of action," she said.
Jessica Mason Pieklo, Senior Vice President and Executive Editor at Rewire News Group and co-host of the Rewire News Group podcast, 'Boom! Lawyered,' joins Cheddar News to discuss the Supreme Court decision to hear Texas abortion ban cases on Monday, November first and the complicated timeline of legal challenges up to this point.
