Chris Whipple, Author of the New York Times best-selling book "The Gatekeepers", joins VF Hive to discuss the tension between President Trump and his Chief of Staff John Kelly. He reveals his thoughts on whether or not the White House is "broken."
If John Kelly left the White House tomorrow what would his report card say? Whipple says Kelly has failed to tell the President what not to do. That was magnified after President Trump made inappropriate comments about African countries. Whipple says the White House isn't any more effective with Kelly in power.
In fact, according to Whipple, the White House is totally broken. The only way Republicans got the tax bill passed was because they kept it 100 miles away from Trump. He can't predict who would take Kelly's spot if Trump decides to fire him, but he says being Chief of Staff is the toughest job in Washington.
Stocks are rising sharply in morning trading on Wall Street, led by health care stocks after Joe Biden scored a number of Super Tuesday wins. Investors see him as a more business-friendly alternative to Bernie Sanders.
These are the headlines you Need 2 Know for Wednesday, March 4, 2020.
Billionaire Mike Bloomberg has ended his bid for the Democratic presidential nomination and has endorsed Joe Biden.
A resurgent Joe Biden scored sweeping victories across the country with the backing of a diverse coalition and progressive rival Bernie Sanders seized Super Tuesday’s biggest prize with a win in California as the Democratic Party’s once-crowded presidential field suddenly transformed into a two-man contest.
The Dow Jones Industrial Average dropped 785 points and bond prices surged after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
HotelPlanner CEO Tim Hentschel told Cheddar that the travel industry is taking the worst hit it has seen in nearly two decades thanks to the coronavirus outbreak paralyzing multiple countries.
Stocks are whipping up and down after the Federal Reserve swooped into the market with an emergency rate cut in hopes of shielding the economy from the effects of the fast-spreading virus. Tuesday's surprise move gave stocks a strong, brief boost, but it took just 15 minutes for the gains to evaporate.
Chairman Jerome Powell said at a news conference that the virus “will surely weigh on economic activity both here and abroad for some time.” It was the Fed's first rate cut since last year, when it reduced its key short-term rate three times.
The Federal Reserve will cut interest rates by a half-percentage point in its first emergency rate cut since the Great Recession in response to the spreading coronavirus.
These are the headlines you Need 2 Know for Tuesday, March 3, 2020.
