With less than three months to go before the Iowa caucus kicks off the 2020 race, the field may be getting some new competition. Former New York City mayor Michael Bloomberg is said to be preparing to enter the race, which would make him the 18th Democratic candidate.
But some of the remaining contenders may think an expanding field of candidates is a move in the wrong direction. Cory Booker’s press secretary, Sabrina Singh, told Cheddar on Friday, “I don’t know that the campaign needs another Democrat in the race.”
But another Democrat it may have, and a very wealthy one. Bloomberg, worth about $52.4 billion, according to a Forbes estimate, could be a major threat to former Vice President Joe Biden.
Singh said, “We really need someone out there that can unite the country, that can build a multiracial coalition.” Some, including Singh, question if Bloomberg is the man for that job.
Bloomberg had toyed with the idea of a 2020 run earlier this year but seemed to bow out due to Biden’s strength. As Biden falters, Bloomberg may see a chance.
Singh said the Booker campaign is mainly focused more on running a successful campaign, whether or not another contender enters the mix.
”What Cory [Booker] brings to the stage is very different than what Bloomberg brings,” said Singh. Booker “is the only candidate in this race that still lives in a low-income community: Newark” she added.
“We’re not going to mold our message to Joe Biden, Pete Buttigieg, Elizabeth Warren,” she said. “We’re going to keep running a race that we believe, that we are very confident in and see our way through Iowa and beyond.”
Carlo and Baker wrap up the week talking about the Biden economic boom that no one seems to notice, a verdict in the Jussie Smollett case, the first Starbucks union in America and the pleasures of the "dude nod."
A new bill in Congress shows just how bipartisan cannabis really is. Rep. David Joyce, a Republican from Ohio, teamed up with progressive Rep. Alexandria Ocasio-Cortez on a cannabis expungement bill. Cheddar cannabis reporter Chloe Aiello spoke with the congressman about the legislation.
The Congressional Progressive Caucus have lined up to support the Thirty-Two Hour Workweek Act introduced by Rep. Mark Takano (D-Calif. 41st District). The representative joined Cheddar to discuss how instituting a four-day workweek in the United States can be beneficial for both employees with the need of a work-life balance and employers looking both to retain talent amid a labor shortage and improve efficiency in their workforces. "We live in a different time than 90 years ago when we established a 40-hour workweek," he said. "We've had a lot of technological changes, the American worker is exponentially more productive than previous generations, so it's time to reexamine Americans and the way in which they relate to work."
Instagram CEO Adam Mosseri faced a bipartisan Congressional grilling this week as the Senate inquired about safety practices for protecting the mental wellbeing of young people on the platform. Sen. Marsha Blackburn (R-Tenn.) joined Cheddar to talk about the hearing and how she was disappointed in Instagram coming unprepared with relevant information or documents. Blackburn also offered concern that the platform could continue with building a kids-only version despite having drawn significant opposition from the public.
The Great Resignation has shown some signs of slowing in October with the number of those who quit their jobs falling by 4.7 percent to 4.16 million. This comes as worker strikes and calls for unionization ramp up. Jane Oates, president at WorkingNation joined Cheddar's "Opening Bell" to discuss the implications.
U.S. markets opened lower despite positive jobs data, which saw weekly claims drop to a 52-year low. Kevin Nicholson, Co-CIO Global Fixed Income, RiverFront Investment Group joined Cheddar's Opening Bell to discuss the labor market, inflation, and the impact of the Omicron variant on global markets.
A packed Thursday pod: Carlo and Baker cover the latest developments in the Ghislaine Maxwell, Jussie Smollett and Elizabeth Holmes trials. Plus, Dems are losing the Hispanic vote, Boris Johnson in trouble again, and is it possible that Adele has peaked?
Jim Bruderman, Vice Chairman at 1879 Advisors, joins Cheddar News' Closing Bell, where he says investors experienced a 'panic attack' last week with the spread of the Omicron variant and the Fed's tapering plans. As a result, he says we're now seeing stocks climb due to a growing comfort level toward both developments.
