The long-simmering tensions between President Donald Trump and Secretary of State Rex Tillerson came to a head Tuesday, when the commander-in-chief announced the ouster of the country’s top diplomat with a tweet.
One political analyst told Cheddar the move was telling.
“It speaks a lot to the character of the two men,” commentator Rick Wilson said. “When Donald Trump was selling steaks, vodka, and a fake university, Rex Tillerson was building Exxon into the largest energy company in the world.
“The anxiety that Trump has about Tillerson being more competent than him has finally played itself out.”
Tillerson reportedly found out about his firing after Trump took to Twitter to announce that CIA Director Mike Pompeo would take over at the State Department.
The president later said he and the former ExxonMobil CEO “were not really thinking the same,” but that Pompeo had a “similar thought process.”
Still, the decision to remove Tillerson came hours after he voiced his support of UK Prime Minister Theresa May and the British government, who on Monday said Russia was likely behind the poisoning of an ex-Moscow spy.
The Trump administration did not officially second those findings.
But Wilson said Tillerson was right to consider Russia “an imminent national security threat.”
“Donald Trump doesn’t see it that way,” he told Cheddar. “There’s something wrong about Donald Trump’s relationship and viewpoint about Vladimir Putin that makes him behave this way, even when serious and consequential people around him are warning him.”
The White House denied Tillerson’s dismissal had anything to do with Russia, instead saying it wanted to have new leadership in place before Trump’s meeting with North Korean leader Kim Jong-Un, expected this spring.
For the full interview, [click here](https://cheddar.com/videos/no-collusion-and-tillerson-is-out).
Peter Zalzal, associate vice president for clean air strategies at the Environmental Defense Fund, a nonprofit environmental advocacy group, joined Cheddar to discuss the Biden Administration's unveiling of stricter fuel-efficiency standards for new automobiles. "The administration estimated that these rules will reduce about 2.5 billion tons of climate pollution by 2050, and using less fuel also means that we have to go to the gas pump less often. And so it means we save money, thousands of dollars in avoided fuel costs each year for consumers," he noted.
The relatively robust March jobs report showed that despite the low unemployment rate, Black, Hispanic, and women job seekers are still having difficulty finding work. William M. Rodgers III, the vice president and director of the Institute for Economic Equity at the Federal Reserve Bank of St. Louis noted that participation rates in the labor force ticked up for minorities, adding to other positive signs of growth. He also spoke to Cheddar News to discuss further the jobs figures, the state of the labor market, and rising inflation.
U.S. markets opened higher to kick off the second quarter, despite a miss on the March Jobs Report. The economy added $431,000 in the month, slightly lower than the $490,000 analysts had expected. The unemployment rate also ticked down to 3.6% from 3.8%. Kevin Simpson, Founder & Chief Investment Officer, Capital Wealth Planning joined Cheddar's Opening Bell to discuss.
President Biden is going after billionaires in his 2023 budget request to congress. The proposal would establish a 20% minimum tax rate on all households worth more than $100 million, as well as raise the corporate tax rate from 21% to 28%. Rhett Buttle, Small Business for America's Future Senior Advisor, Business Policy Expert & Biden Campaign Business Advisor, breaks down the proposal, what it aims to accomplish, and how small businesses might feel about it.
The Biden administration has announced the U.S. will accept up to 100,000 refugees fleeing the war in Ukraine and provide more than 1 billion dollars in new funding for the growing humanitarian crisis. The move comes as President Biden meets with his western counterparts in Europe to demonstrate a united front against Russia and show support for Ukraine. Altagracia Pierre-Outerbridge, Immigration Attorney for Outerbridge Law, explains how this is going to work.
The DOJ has endorsed an antitrust bill targeting tech giants like Apple, Amazon, Meta, and Google. The legislation would ban the companies from favoring their own products and services over their competitor's, making it more difficult them to dominate the marketplace. Greg Day, Assistant Professor of Legal Studies at the University of Georgia, breaks down the bill and its potential impact on anti-competition in the tech sector.
Catching you up with what you need to know on Apr 1, 2022, with Ukrainians hoping to flee the besieged city of Mariupol with a ceasefire is in place, President Biden orders the release of oil from U.S.reserves, LGBT activists suing Florida Governor Ron DeSantis over the "Don't Say Gay" Law, U.S. passports offering an "x" option for gender, and more.
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.
