The Immigration Debate Heats Up While President Trump Meets With Global Leaders in Davos
President Trump is in Switzerland today meeting some of the world's biggest leaders at the World Economic Forum. He is bringing a large contingent of American officials, but one who didn't end up making the trip is White House Chief of Staff John Kelly. The White House says Kelly stayed behind to help work on immigration reform.
Todd Johnson, Managing Editor at The Grio, says he thinks it's a bad sign that Kelly isn't in Davos. Without Kelly, Johnson says there is no one moderating what the president says and does.
Back in Washington, Senator Orrin Hatch (R-UT) is expected to propose new immigration legislation. His bill would expand the number of H1-B visas available for skilled immigrants. President Trump has been a vocal opponent of the H1-B visa program. Johnson says he doesn't see the president getting on board with Senator Hatch's plan without funding for his border wall.
Carlo and Baker cover the latest data showing the Omicron wave has likely started, Pfizer's Covid pill, Jan. 6 and a box office rescue attempt courtesy of Spider-Man.
The U.S. cannabis industry is on track to hit almost $25 billion in sales, according to New Frontier Data. Vivien Azer, managing director and senior research analyst at Cowen, and Russell Stanley, managing director and equity research at Beacon Securities Limited, join Cheddar News to give their predictions for the budding industry in 2022.
Rep. Earl Blumenauer (D-Ore. 3rd District), the co-chair of the Congressional Cannabis Caucus, joined Cheddar's "Cannabiz" to discuss the state of marijuana legalization on the federal level as more states continue to greenlight medical and adult use. He stated that there couldn't be a better time to revise the old policies on marijuana with more than 90 percent of Americans, including a majority of Republicans, on board. "This tidal wave of support continues. There were five states that approved in the last general election, and I think, rather than one single event, it is this momentum and the demonstration of broad public support that is making the difference," Blumenauer said.
Megan Horneman, Director of Portfolio Strategy at Verdence Capital Advisors, joins Cheddar News' Closing Bell, where she says there is some profit-taking ahead of the upcoming Fed meeting, and elaborates on some of the topics investors will be watching for more closely this week.
Rachel Bachman, senior sports reporter at the Wall Street Journal, joins Cheddar News' Closing Bell, where she explains how U.S. athletes have been inserted into the middle of a political debate after the country declared a diplomatic boycott of the upcoming Olympic Games in Beijing.
Lance Ippolito, Head Trader at the Future Of Wealth, joins Cheddar News' Closing Bell where he discusses the factors that have contributed to the recent slide of major cryptocurrencies like Bitcoin and Ether.
