As the U.S. honors Hispanic Heritage Month, some members of Congress are speaking out against President Donald Trump's treatment of Latinos in America.
Rep. Joaquin Castro (D-Texas, 20th District), chairman of the Congressional Hispanic Caucus, released a statement on the ongoing challenges the community is currently facing.
"For almost four years, Latino communities from Puerto Rico to the U.S.-Mexico border have been under assault from a hostile and xenophobic administration that has separated families, abandoned those in need, and spread fear and hate," Castro said.
Rep. Ruben Gallego (D-Ariz,.7th District), first vice-chair of the caucus, echoed Castro's sentiments Tuesday on Cheddar, criticizing the president's response to hurricane devastation in Puerto Rico and his treatment of DACA recipients.
One of the most pressing issues in the U.S. is the coronavirus pandemic, which Castro noted hurts the Hispanic community especially.
"The coronavirus pandemic has disproportionately harmed the health and financial security of many Latino families," Castro wrote. "With disproportionately high rates of infections, hospitalizations, and death, as well as the highest rate of workers unable to work remotely, COVID-19 has been a catastrophe for the Latino community."
Gallego criticized Trump's "irresponsible actions as a leader" amid the pandemic.
"Latinos have disproportionately, above any other demographic, paid the price because of COVID-19," Gallego said. "Because at the end of the day a lot of our people end up being essential workers of this country, and we couldn't social distance."
The CDC released new numbers Friday showing nearly half of all coronavirus-related deaths in people younger than 21 have been Hispanic.
"At the end of the day because we're a younger demographic to begin with, and we're also a middle-class and working-class demographic, we did not have the capability to shelter in place," Gallego said. "Plus the fact that many of us were uninsured to begin with or were underinsured and weren't able to take care of some of the underlying conditions that really give us as a community morbidities that made us more vulnerable to the coronavirus."
Exercise equipment maker Peloton is attempting to run away from a recent bout of controversy. CEO John Foley published an open letter to employees on Thursday after reports that said Peloton was pausing production of its Bike and Tread products, delaying the opening of a new U.S. factory, and considering job cuts. In the letter, Foley wrote that the information in the reports was 'incomplete,' 'out of context,' and not reflective of Peloton's strategy. Peloton's stock responded on Friday, with shares bouncing back after falling nearly 24% in the regular session on Thursday. CFRA Research's Director of Research Ken Leon joined Cheddar News' Closing Bell to discuss.
Home essentials maker Outlines announced its launch at the beginning of 2022, along with $1 million in pre-seed funding led by Social Impact Capital. Outlines says it is re-imagining how we keep our homes clean while also reducing plastic waste. The company's debut product, the Shower Liner System, is made of long-lasting materials, including easy-to-recycle plastic. Outlines co-founder and CEO Luke Young and co-founder and COO Megan Ceryanec joined Cheddar News' Closing Bell to discuss.
Simeon Siegel, managing director and senior analyst at BMO Capital Markets joins Cheddar News to discuss CNBC's report that Peloton plans to halt production, despite the company's CEO denying those claims.
Mona Zhang, states cannabis policy reporter at POLITICO Pro joins Cheddar News to discuss major factors that caused Canada's retail marijuana sales to drop last year.
Jackie Rotman, founder and CEO of the Center for Intimacy Justice joins Cheddar News to talk about why Facebook is banning ads by companies targeting women's sexual health but not ads catered to men.
The NCAA has updated its policy on transgender athletes, allowing each sport’s national governing body to make its own decisions for transgender participation. The new rule is in line with recent changes from the U.S. and International Olympic and Paralympic Committees. Joanna Hoffman, communications director of Athlete Ally, joined Cheddar News to discuss the potential impact of the new rule on the transgender community.
"Saturday Night Live" alum Will Forte is hosting the late-night comedy show this weekend alongside musical guest, Måneskin. Forte, who spent a decade working on the iconic NBC show, is currently starring in "MacGruber," the SNL-sketch-turned-movie that is now streaming on Peacock as a tv series.
TikTok recently announced that it is testing a paid subscription model. The news comes days after Instagram publicized a similar service. TikTok has made $2.3 billion from in-app purchases, but mostly through tips, in 2021, showing that its users may be open to spending money on the platform.
The NCAA voted to streamline their constitution at their annual convention on Thursday. Each of the three college divisions can decide how student-athletes can make money from outside sources but still restricts schools from directly paying its players.
