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.
Alternative asset, sports cards-focused platform Alt recently raised $75 million in a Series B round. Alt's platform lets users research, trade, and securely store sports cards and other high-value assets. Right now, the company has more than $70 million worth of cards in its vault. The company is also hoping to get into other assets, including NFTs. Alt CEO Leore Avidar joins Cheddar News' Closing Bell to discuss.
Bitcoin ticked higher Friday but still hit a one-month low amid a broader crypto slump. Investors are eyeing the potential liquidation of payments from collapsed exchange Mt. Gox, alongside the recent debut of three Bitcoin-linked futures ETFs as the SEC continues to avoid approving spot product ETFs. Steve Larsen, Co-Founder of PlannerDAO, joins Cheddar News' Closing Bell to discuss the broader crypto slump, why Mt. Gox is a concern, and more.
Wedbush Securities has raised its price target for Tesla stock to $1,400, among the highest on Wall Street. Analysts are pointing to an incoming green tidal wave as the main reason for their optimism, with President Biden's infrastructure bill expected to kick off a new era for electric vehicles in the U.S. Dan Ives, managing director of equity research at Wedbush Securities, joins Cheddar News' Closing Bell, where he explains why he's so bullish on Tesla even as competition from companies like Rivian heats up.
Streaming platform Roku announced plans to develop more than 50 original shows in a bid to become a destination for free content amid growing competition in the space. Shelly Kramer, co-founder and lead analyst at Futurum Research, spoke to Cheddar about the new offering "The transition here from hardware to adding a software component by way of original content, I think is smart," she said. "And it's all about the Benjamins." Kramer also noted that she doesn't necessarily think Roku is entering the content game too late.
The behind-the-scenes story of HBO's history is chronicled in the new book 'Tinderbox: HBO's Ruthless Pursuit of New Frontiers.' The book tells the true story of how HBO came to dominate the television industry as we know it. The man behind the book has interviewed over 700 key sources to uncover a bottomless trove of secrets, surprises, and never before heard stories. James Andrew Miller joins Cheddar News to share more.
As the world of trading in cryptocurrency gets more popular experts say competition in the space could get bigger within the next year. CEO of Onramp Invest Tyrone Ross, joined Cheddar to discuss more.
Zach Jones, CEO of C-Zero, and Henrietta Moon, Co-Founder and CEO of Carbo Culture, joined Chedder to discuss the innovations their respective companies use in order to fight climate change, and the importance of utilizing private business in this fight.
Apple officially announced its self-service repair program allowing customers to buy individual tools and parts to fix their own devices. It comes as Apple continues to face pressure from 'right-to-repair' advocates. Ian Sherr, Editor at Large, CNET, joined Cheddar to discuss the significance of the move.
Drew McElroy, Chairman & Co-Founder of Transfix, joined Wake Up With Cheddar to break down how to address problems facing the trucking industry, amid rampant inefficiency and driver shortages.
