Steve Bannon's Date with Robert Mueller, Facebook's News Feed Makeover
The Hive co-host Kristen Scholer discusses the five biggest news stories in politics and tech. From Steve Bannon cooperating with Robert Mueller, to Facebook's new algorithm, we have it all covered on The Hive.
Steve Bannon has been summoned by Special Counsel Robert Mueller to answer questions relating to the Russia investigation...and he's planning to fully cooperate. What does this mean for President Trump and his son-in-law Jared Kushner? Gabe Sherman talks about Bannon's relationship with Donald Trump Jr. compared to his broken relationship with Kushner. T.A. Frank says Bannon will try to protect Donald Trump Jr. because he'll always be loyal to the cause of Trump, even if he's not loyal to the man himself.
And Mark Zuckerberg is making some big changes at Facebook. Bess Levin talks about the impact of switching the algorithm to show more content from friends and family, rather than publishers. She notes that Zuckerberg becoming a father for the second time may have softened him and caused his change of heart.
Plus, BlackRock CEO Larry Fink sent a stern warning to clients: do good deeds! The billionaire investor is strongly encouraging his clients to invest in charity. Bess Levin questions his tactics, saying she's not sure how much it will help.
Looking ahead to 2020, who could President Trump potentially run against? Vice President Mike Pence is said to be running a "shadow campaign" in the White House. Gabe Sherman says the Trump base is skeptical of Mike Pence, because they see him as a vehicle for the big business style of conservatism. However, Bess Levin says Jamie Dimon has come out with his description of a dream candidate...and that candidate sounds an awful lot like himself.
This year's worldwide semiconductor shortage limited the supply of everything from new cars to smartphones; and now, many in the chip industry expect the shortage to continue deep into 2022, and maybe even 2023. Semiconductor senior research analyst for Robert W. Baird & Co., Tristan Gerra, joins Cheddar News' Closing Bell to discuss.
Pavel Bains, the Executive Producer of MixMob and CEO of Bluzelle, joins Cheddar News' Closing Bell to elaborate on an opinion piece he wrote for CoinDesk in which he compares the cultural significance of crypto to hip hop in the 1990s.
Direct health care company Nomi Health recently raised $110 million in a Series A round. Nomi Health lets public and private organizations directly purchase healthcare at reduced costs, and pay providers in real-time. It also delivers healthcare directly to under-served communities via its fleet of mobile care units, which the company says is the largest in the country. Nomi Health says its mission is to improve the health care experience for all Americans. Nomi Health CEO Mark Newman joined Cheddar News' Closing Bell to discuss.
Bitcoin's rise to the mainstream has been a wild ride this year. The cryptocurrency is trading a little under $49,000 Wednesday morning and is set to finish the year sharply higher than where it began earlier this year. Ether prices also soared this year, rising from $730 per coin to nearly $4,000. Ben Armstrong, founder of Bitboy Crypto, joins us to discuss what's in store for crypto in 2022.
The NHTSA is investigating Tesla over the potential for crashes and distracted driving due to its front touch screen "Passenger Play" game option. The probe covers 580,000 vehicles for all four models from 2017 to 2022.
Google CEO Sundar Pichai addressed staff about workplace culture concerns after they expressed issues with what they perceived as a lack of honesty, candor, and humility from their executives. Pichai attributed some of the challenges to remote communication during the ongoing pandemic.
