*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.
Americans continue to feel the pain at the pump as a result of Russia’s invasion of Ukraine. Patrick DeHaan, head of petroleum analysis at GasBuddy, joined Cheddar News to discuss how prices are being affected by the war and how much worse it could potentially get for drivers. "It's obviously a fluid situation. In one field today, I might feel differently in a half hour. But for now, I think we could see the national average realistically go somewhere into the mid $4 range, maybe $4.40 to $4.65 based on what we're seeing," he said.
Russia’s invasion of Ukraine has entered its 12th day following what Ukrainian authorities described as increased shelling of encircled cities and another failed attempt to evacuate civilians from the port city of Mariupol.
Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil.
Jay Hatfield, Chief Investment Officer at ICAP, believes a lot of the bad news regarding the fighting in Ukraine and Fed is already priced into the market and looming uncertainty factored into Friday's movement. However, he also believes the upcoming Fed decision will be good news for Wall Street.
News of Russian forces taking control of a Ukrainian after artillery bombardment of a nuclear power plant raised concerns this week. Nuclear policy expert and Quincy Institute Distinguished Fellow Joe Cirincione joined Cheddar News to discuss the implications for a potential disaster. “I’m with the director general of the IAEA, the International Atomic Energy Agency. He says that he is extremely concerned, and that this Russian attack is a severe risk and that Russia clearly violated the fundamental principle of preserving the integrity of nuclear power plants," Cirincione said.
Amid Russia's attack on Ukraine, major businesses from BP to Big Tech like Apple have been pausing their business dealings with the invading nation. Brian Walker, chief strategy officer at commerce software company Bloomreach, joined Cheddar News to discuss how some companies are showing support for Ukraine and what this could mean for consumers. "Whether it be impacts on energy or operational costs, shipping and logistics, or frankly impacts on the financial services industry, these will have long term implications on retail prices," he said.
About 678,000 jobs were created in February, hundreds of thousands more than predicted, according to the latest Labor Department report, showing a broad economic recovery despite inflation woes. Heather Boushey, member of the Council of Economic Advisers for President Biden, joined Cheddar News to talk about the employment figures. "This really shows that the economy is now more resilient because of the tools that we have in place," Boushey said. "So I'm optimistic that we'll be able to weather future storms."
Ramit Varma, Independent candidate for Mayor of Los Angeles, joins Cheddar News to discuss the race and how he plans to tackle critical issues in the California city.
