DES MOINES, Iowa (AP) — Democratic presidential candidate Marianne Williamson, the spiritual guru and bestselling author, ended her campaign on Friday, weeks before voting begins, saying she did not want to make it tougher for a progressive to win.
She also said she did not believe she would be able to gain enough support in the upcoming contests to make a difference in the race to challenge President Donald Trump.
In a post on her website, Williamson said "we will not be able to garner enough votes in the election to elevate our conversation any more than it is now.” Williamson has barely registered in the polls and struggled in fundraising since launching her bid for president last January.
She laid off her entire staff from her campaign at the end of last year, but continued to appear at campaign events in Iowa and New Hampshire in recent weeks. Her decision leaves 13 candidates remaining in the primary.
Catching you up on the stories you need to know this morning, the U.S. could soon get its first major gun safety law in years, the House Select Committee investigating the January 6th attack on the U.S. capitol holds its second hearing, and today might just be the day the Supreme Court overturns Roe v. Wade, and decides on new gun laws.
U.S. stocks closed Thursday at their lowest levels of the trading day, as investors continue to eye inflation ahead of the May CPI report out Friday. Art Hogan, Chief Market Strategist for National Holdings, joins Cheddar News' Closing Bell to discuss.
The PGA has suspended 17 golfers, including Phil Mickelson and Dustin Johnson, who are competing in a Saudi-backed golf event outside of London. In a memo, commissioner Jay Monahan said "these players have made their choice for their own financial-based reasons", announcing they are ineligible to participate on the PGA tour or any other tours it sanctions. Hugh Kellenberger, Senior Managing Editor at the Athletic, breaks down the controversy, and what might happen next.
U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Benefits brokerage, Nava Benefits, raised $40 million in a Series B round. Nava says it's on a mission to fix healthcare, one benefits plan at a time. The startup is working to bring benefits to small business that are normally available to only Fortune 500 companies. Brandon Weber, Co-Founder and CEO of Nava Benefits, joined Cheddar News' Closing Bell to discuss.
