Accusations are flying between U.S. and Chinese officials over how each country is handling the coronavirus pandemic.
U.S. Secretary of State Mike Pompeo told Fox News on Wednesday that the Chinese Communist Party has a "responsibility to tell the world how this pandemic got out of China and all across the world, causing such global economic devastation.”
The comments came after China Central Television's top evening news program questioned the accuracy of U.S. data tracking of COVID-19 infections, singling out Pompeo for “turning himself into the common enemy of mankind.”
Underlying the heated exchange is an effort by the U.S. State Department to better understand the origins of the outbreak in Wuhan.
"It's not even about the blame game," Morgan Ortagus, a spokesperson for the department, told Cheddar. "It's about us not being able to answer fundamental questions about this pandemic."
She said the agency is focused on "making sure the world has the data and the transparency that it needs, not only from the Chinese Communist Party but also from Iran, North Korea, other places."
Specifically, the department wants to confirm China's claim that the virus originated in a Wuhan wet market by sending in independent scientists to assess the data. Ortagus compared the process to the common practice of getting studies peer-reviewed by a credible source.
"It doesn't matter if it's Americans, by the way," Ortagus said. "We're happy if it's Germans, or French, or British scientists that want to go in, but no one is being allowed to go into Wuhan to investigate."
Other global leaders, including Australian Prime Minister Scott Morrison, have called on China to allow an international investigation into the source of coronavirus.
In addition, the State Department is doing a 60 to 90-day review of the World Health Organization to determine "what information they have and don't have," she said.
"Everything that we're doing right now boils down to this: how do we prevent a pandemic of this scale from ever happening again?" Ortagus said. "We know that we can't answer that question until we get the live virus samples, until we have independent, credible scientists and doctors who are able to go into the Wuhan, into the wet markets, into the laboratories, to understand what caused this pandemic."
U.S. intelligence agencies also revealed that they are following up on speculation amplified by the White House that the pandemic may have spread from a lab accident in Wuhan, while also acknowledging that the virus appeared "not manmade or genetically modified."
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
Nancy Pelosi and House Democratic leaders are now planning to amend the stop trading on congressional knowledge act, otherwise known as the 'Stock' Act. This 2012 law governs how members disclose the purchase or sale of stocks and amending it would close a loophole, eliminating the trading of individual stocks by members of congress. Pelosi has consistently opposed a ban on stock trading by lawmakers and congressional staff...so what's changed? Kedric Payne, Vice President of Campaign Legal Center, joins Cheddar News to discuss.
In a 5-4 vote, the U.S. Supreme Court allowed for a controversial new version of the Alabama congressional map to remain in place. The lower court had previously ordered that the state must redraw that congressional map because it violates the Voting Rights Act by diluting the political power of Black voters. Redistricting expert Yurij Rudensky joins Cheddar News to weigh in.
