*By Carlo Versano*
Google is "missing an opportunity" by not sending a top official to Capitol Hill next week to testify on election interference and censorship, Sen. Mark Warner (D-Va.) told Cheddar's J.D. Durkin on Wednesday.
Facebook and Twitter are both sending C-Suite executives ー COO Sheryl Sandberg and CEO Jack Dorsey, respectively ー to testify in front of both chambers on Sept. 5.
So far, Google has said it will only dispatch its general counsel, Kent Walker.
"We need policy makers, not simply their lawyers," Warner said.
The heads of the top social and web platforms will head to the Hill to answer questions about how they are combating misinformation campaigns from state actors like Russia and Iran ahead of the midterm elections. Additionally, they are expected to face pointed questions about censorship ー a topic that President Trump has been pushing, most recently on Wednesday afternoon when he told reporters, "I think they treat Republicans and conservatives very unfairly" and such handling "may not be legal."
That echoes the sentiment of several Trump tweets Tuesday which suggested that Google News technology suppressed conservative views. Economic adviser Larry Kudlow said the White House would look into the matter, but many questioned Trump's statements on their face.
"The president doesn't really understand how search algorithms work," Warner said, noting that content is ranked in searches as a result of computer calculations, not human action.
The last time officials from Facebook, Twitter, and Google testified together ー last November on the topic of Russian hacking ー the reaction from lawmakers was largely negative. Since then, each company has shown a more proactive approach to the policing of their platforms.
Warner said he hopes next week's hearings will be forward-looking. "We want to look at solution sets" for these complex problems, he said.
Cheddar's Chloe Aiello has our cannabis year-in-review, breaking down how several states legalized adult recreational use and greenlit medicinal use in 2021. She noted that while a cannabis legalization and decriminalization bill was introduced in Congress this year, potential FDA involvement in the industry, as well as a 25 percent excise tax, killed any chance the bill had of moving forward. Aiello also speculated that some form of cannabis reform could be rolled out in 2022, as the midterm elections draw closer.
Jim Worden, Chief Investment Officer at Wealth Consulting Group, joins Cheddar News' Closing Bell, where he says the period between Christmas and New Year's is difficult to predict due to a lack of institutional volume, with the Omicron variant adding even more uncertainty on Wall Street.
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.
David Stryzewski, CEO of Sound Planning Group, joins Cheddar News' Closing Bell, where he says that some of the major stock positions are getting the most lift to the upside as the major indexes climb higher to begin the week.
