The White House Trade War Takes Its First Victim As Gary Cohn Resigns
Chief Economic Adviser Gary Cohn is resigning after President Trump doubled down on his commitment to steel and aluminum tariffs - a move Cohn strongly opposed.
Todd Hitt, CEO of Kiddar Capital, and Eric Boehm, Reporter at Reason.com, discuss the effect that Cohn's departure could have on the White House. Without Cohn, the White House is losing one of its biggest globalist voices.
President Trump is committed to implementing steel and aluminum tariffs. According Axios' Jonathan Swan, the president could put announce those proposals as soon as tomorrow.
Futures rebounded this morning in reaction to positive news from Merck that its covid-19 treatment pill is 50 percent effective at preventing hospitalizations and death. It comes after a rocky month on Wall Street, which saw all the major averages post their worst months in over a year. Chris Vecchio, Senior Analyst, at DailyFX joined Wake Up with Cheddar for more.
Makena Kelly, Politics reporter at The Verge, joined Cheddar News to break down Thursday's congressional testimony from Facebook's global head of security, as the company comes under fire for its plans to attract kids.
U.S. weekly jobless claims rose to 362,000 for the week ending September 25th, higher than the 335,000 economists had expected. This figure is also slightly higher than the 351,000 reported a week earlier. Louis Cordone, Senior Vice President of Data Strategy at AST joined Wake Up with Cheddar to discuss.
Former French President Nicolas Sarkozy has been found guilty of illegal campaign financing linked to his 2012 bid for reelection after $54 million was spent on fake invoices. Sarkozy was sentenced to one year in prison.
