While lawmakers on the House Intelligence Committee each got to have their say during Wednesday’s impeachment inquiry hearings, counsel for both the Democrats and Republicans did much of the legal questioning.
After the dust settled, though, lead counsel for the Republicans Stephen Castor was pilloried by Democrats for inconsistent and sometimes bizarre lines of questioning during the first day of impeachment hearings.
As Rep. Eric Swalwell (D-Calif.) put it in an interview with Cheddar, Castor was tasked with an impossible job.
“I wouldn’t put as much blame or fault on Mr. Castor,” Swalwell said. “You could resurrect Johnnie Cochran and put him on the Republican side, but the facts are the facts.”
“The President’s own words is the most powerful evidence we have,” Swalwell said.
At Wednesday’s widely-publicized hearing, Acting Ambassador to Ukraine William Taylor, revealed that he learned from a staffer last Friday that EU Ambassador Gordon Sondland had discussed “investigations” in a phone call with President Trump on July 26th. Taylor said that when he later asked Sondland about Trump’s thoughts on Ukraine, "Ambassador Sondland responded that President Trump cares more about the investigations of Biden, which Giuliani was pressing for."
In her weekly press conference Thursday, Speaker Nancy Pelosi told reporters that the testimony from Taylor and State Department official George Kent was “devastating” for the president, adding that it “corroborated evidence of bribery.”
“Is this who we are as a country?” Swalwell asked.
Meanwhile, Sondland is expected to appear before the House Intelligence Committee next Wednesday. Swalwell noted that the ambassador has already updated his closed-door testimony to “reflect what other witnesses had said” and called the “evolution” a “good thing.”
Before Sondland takes the witness stand, former U.S. Ambassador to Ukraine Marie Yovanovitch will testify publicly Friday. Yovanovitch was reportedly forced from her position earlier this year because she opposed the president’s Ukraine policy.
Following next week’s eight public testimonies, the House Intel Committee will compile a report, which it will send to the House Judiciary Committee. The Judiciary Committee will deliberate on possible Articles of Impeachment. If articles are drawn up and approved by the full House, impeachment proceedings would move to the Senate which would be responsible for holding a, presided over by Supreme Court Chief Justice John Roberts.
Rebecca Walser, President of Walser Wealth Management, joins Cheddar News' Closing Bell, where she discusses the factors behind Monday's surge on Wall Street and explains why investors will likely experience volatility in the market throughout the month of December.
Cheddar's Chloe Aiello joined "Closing Bell" to break down the progress of the SAFE Banking Act in Congress as cannabis businesses operators struggle to find financial institutions that will service them. Banks face steep federal penalties, including the risk of losing a bank charter, if found to be servicing marijuana businesses even if their state has legalized operations. Aiello reported that while there was some bipartisan support for the measure in the Senate, the bill faces some opposition from conservatives with "longstanding concerns" about cannabis and progressives who prefer a more comprehensive approach to reform.
Head of Instagram Adam Mosseri is slated to testify this week in front of the Senate Commerce Subcommittee after a Wall Street Journal report that found the Meta-owned social media platform is negatively impacting the mental wellness of teen girls.
Chinese regulators are reportedly behind China-based ride-hailing company DiDi exiting from the New York Stock Exchange, just days after listing earlier this year. The regulators stated prior that DiDi had not received the necessary clearances to list in the states. Gordon Chang, Asian affairs expert, joined Cheddar to break down what the delisting says about the relationship between nations. "This really strikes me as an attempt to really to force a decoupling of China and the U.S. in the financial markets," Chang said.
U.S. Futures were pointing to a higher open to round out the week despite a miss on the November Jobs Report, which showed slower job growth than expected-- and as the omicron variant continues to spread across the country. Patrick Healey, Founder & President at Caliber Financial Partners joined Cheddar's Opening Bell to discuss.
Just days after the detection of the Omicron variant, the World Health Organization has agreed to start the process of establishing a global pandemic treaty or accord. Amy Maxmen, senior reporter for Nature, and Dr. Samuel Scarpino, managing director for the Rockefeller Foundation's Pandemic Prevention Institute, joined Cheddar to discuss this effort and what lessons can be learned from the many COVID-19 failures as the world prepares for future pandemics.
It's a mixed bag for the November jobs report. Hiring slowed last month as employers only added 210,000 jobs, massively missing the estimate of 550,000. But there was one bright spot: the unemployment rate fell to 4.2%, with the number of unemployed people dropping to 6.9 million. Both of those numbers are considerably down from their highs at the end of the 2020 recession. Heather Boushey, a member of President Biden's Council of Economic Advisers, joined Cheddar to discuss the report and the state of the country's ongoing economic recovery.
