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 cover the latest developments with the Omicron variant, and break down what we know and what we still don't. Plus, a relatively tame Black Friday, and more.
Jurors on Wednesday convicted the three white men charged in the death of Ahmaud Arbery, the Black man who was chased and fatally shot while running through their Georgia neighborhood in an attack that became part of the larger national reckoning on racial injustice during the summer of 2020. Trial attorney and former prosecutor Leslie Ricard Chambers joins Cheddar News' Closing Bell to discuss the verdict, possible sentencing, and more.
Kyle Rittenhouse was acquitted of all charges Friday after pleading self-defense in the deadly Kenosha shootings that became a flashpoint in the debate over guns, vigilantism and racial injustice in the U.S. Criminal Defense Attorney Anthony Tall joins Cheddar News' Closing Bell to discuss the verdict, potential judicial precedent, and more.
President Biden has announced his intent to nominate Fed chair Jerome Powell for another four-year term, with Lael Brainard serving as vice chair. This comes at a crucial time for the economy as inflation is surging, the supply chain is broken, and labor shortages are hampering businesses across the country. Sabrina Escobar, reporter for Barron's, discusses why Biden passed up the opportunity to put the central bank in the hands of a Democrat, and what challenges Powell faces in his second term.
Jill and Carlo are a bit delayed today on account of Carlo's internet not working. Better late than never, they discuss what we know about the suspect in the Christmas parade crash, closing arguments in the Arbery killing trial, and more.
Stocks began the week closing at session lows on a day when bond yields rose and President Biden decided to stick with Jerome Powell as Fed Chair. Bryan Lee, Chief Investment Officer at Blue Zone Wealth Advisors, joins Cheddar News' Closing Bell, where he breaks down the day's activity and discusses what the Fed now needs to do going forward.
President Joe Biden announced Monday he is re-nominating Federal Reserve Chairman Jerome Powell after weeks of speculation that he would choose Democrat and Fed Governor Lael Brainard to fill the role. Biden could be looking for continuity as the U.S. continues to grapple with COVID-19 and high inflation, and investors could be on the same page: markets and treasuries ticked up after the White House made the announcement. MarketWatch Senior Reporter Greg Robb joins Cheddar News' Closing Bell to discuss Powell's re-nomination, what we can expect from the Fed's December meeting, whether it will speed up its taper timeline, and more.
