President Donald Trump speaks during a news conference at the White House, Thursday, July 23, 2020, in Washington. (AP Photo/Evan Vucci)
By Zeke Miller
President Donald Trump announced Thursday that he has canceled segments of the Republican National Convention scheduled for Florida next month, citing a "flare-up" of the coronavirus. Convention events will still be held in North Carolina.
"To have a big convention is not the right time," Trump said of Jacksonville.
Trump moved parts of the GOP convention to Florida last month amid a dispute with North Carolina's Democratic leaders over holding an event indoors with maskless supporters. But those plans were steadily scaled back as virus cases spiked in Florida and much of the country over the last month.
A small subset of GOP delegates will still gather in Charlotte, North Carolina, to formally renominate Trump on Aug. 24. Trump said he would deliver an acceptance speech in an alternate form.
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.
