Tom Steyer, the former hedge-fund executive and progressive activist, announced his candidacy for the 2020 Democratic presidential nomination on Tuesday, joining a crowded field.
“If you think that there is something absolutely critical, try as hard as you can and let the chips fall as they may. And that is exactly what I’m doing,” Steyer, 62, said in video declaring his bid.
In his announcement video, Steyer focused heavily on corporate greed and its undue influence on politicians in Washington. He stressed that big business’s avarice is the root cause of major issues such as climate change and the U.S. opioid crisis.
“Almost every single major intractable problem, at the back of it, you see a big money interest for whom stopping progress, stopping justice is really important to their bottom line,” he said.
Steyer made his fortune as the head of an investment firm and is worth roughly $1.6 billion, according to Forbes. He and his wife, Kathryn Taylor, are signatories to the Giving Pledge, a coalition of ultra-wealthy individuals that have promised to give away at least half of their wealth to charitable causes.
“We relish the opportunity to do our part and leave our collective campsite cleaner and better tended than we found it,” the couple wrote in their pledge.
In recent years, Steyer has championed several progessive causes, most notably combating the climate crisis, and has been heavily involved in California politics. He launched the liberal advocacy group NextGen Climate in 2013, which was later renamed to NextGen America following the election of President Trump.
Steyer has also been a leading voice in the impeachment movement against Trump. In 2017, he founded Need to Impeach, which lobbies members of Congress and has since gained over 8.2 million supporters.
“Through the important work of NextGen America and Need to Impeach, which I will continue to support, I've focused on registering & turning out the youth vote, and pressuring Congress to hold this president accountable by beginning impeachment proceedings,” Steyer added on Twitter. “But it's not enough.”
Tuesday’s announcement is a reversal for Steyer. He told The New York Times in January that was would not run for the White House and instead focus on doing “whatever it takes” to remove Trump from office.
Steyer’s entry into the crowded field comes just a day after California Rep. Eric Swalwell became the first candidate to bow out.
Washington won't easily forgive Facebook for sending a "low-level" deputy to testify when Congress first wanted answers about Russia's role in the 2016 election. And legislators are likely to take out their frustration on the CEO when he appears before them next week, says Ken Gude, Senior Fellow at the Center for American Progress.
President Trump is stoking fears of a trade war with China yet again. On Thursday evening, Trump threatened more tariffs on China worth $100 billion dollars, on top of the tariffs Trump is already planning. China immediately fired back, saying the country will continue to meet Trump's tariff threats with counter-actions.
President Trump also made news when he finally broke his silence on the Stormy Daniels controversy. When asked by reporters if he knew about the payment by his lawyer to Daniels, Trump quickly said, "no." Michael Avenatti, Stormy Daniels' lawyer, said Trump denying knowledge of the payment is "a gift from the heavens."
Executives and fighters from the UFC were at the New York Stock Exchange to ring the opening bell on Friday in celebration of the organization's 25th anniversary. Amanda Nunes, a UFC fighter, and Lawrence Epstein, the COO of the UFC, join us to weigh in on the milestone and preview the UFC 223 taking place at Barclays Center in Brooklyn this weekend. Epstein also commented on the arrest of UFC star Conor McGregor, saying McGregor's actions don't represent UFC's values.
West Virginia is the first state to test out voting via blockchain, collaborating with venture capitalist Bradley Tusk. "[People] want to vote the same way that they order something from Amazon," says Mac Warner, WV's Secretary of State. The experiment has rolled out for deployed military voters in some counties, with plans to deploy it across the state for the midterm elections in November.
Michael Avenatti, the attorney representing adult film star Stormy Daniels, says he's fighting to keep the case out in the open and will renew a motion to depose both the president and his lawyer, Michael Cohen.
The governor of Colorado, a state where marijuana is legal, told Cheddar the federal government's negative stance against cannabis has created uncertainty in the space. Gov. Hickenlooper says not only is that "bad for business," but also makes it hard for states to maintain a good relationship with Washington.
Stringer wants Facebook to bring in more independent directors and experts on data protection to provide more oversight at the company. As the comptroller, Stringer manages the city's public pension funds, which have close to $1 billion invested in Facebook.
Jennifer Palmieri, former director of communications for Hillary Clinton's 2016 presidential campaign, says women have to face the question of female ambition and motivation. "That's different than the questions people have for male candidates," she told Cheddar Monday.
The California billionaire says he isn't thinking that far ahead and is just focused on his "Need to Impeach" campaign going into the midterm elections in November.
For the full interview, [click here](https://cheddar.com/videos/the-man-behind-the-need-to-impeach-campaign).
The California billionaire says Trump "is a lawless president," which is why he's focusing his efforts on a "Need to Impeach" campaign. So far, more than 5 million people signed on, which Steyer says will add pressure on lawmakers to take the drastic step.
President Trump called out Amazon in an early morning tweet Thursday, saying he's concerned the company pays "little or no taxes." This follows reports that the president wants to go after Amazon. Immediately following these reports, Amazon stock tanked, losing billions of dollars in market cap. This is not the first time Trump has attacked Amazon.
Facebook is making changes to its data-sharing practices in the wake of the Cambridge Analytica scandal. The social media company announced late Wednesday that it would stop sharing user information with third-party data firms. This strategy has been at the core of Facebook's business for the past few years.
Bryan Cranston, star of the hit show "Breaking Bad," joins us to talk about this new project. He's the co-creator of "The Dangerous Book for Boys," a new TV series which will stream on Amazon Prime. Fans won't see him on camera, but they will see actress Erinn Hayes. Cranston and Hayes tell us what to expect from the family-friendly show. It premieres on Amazon this Friday, March 30th.
