President Trump thanked Turkish President Recep Tayyip Erdogan in a joint press conference Wednesday afternoon for working closely with the U.S. on several Middle East issues while noting the "challenges" created by Turkey's purchasing of Russian military equipment.
Among the topics the two leaders discussed at the White House was Turkey's decision to purchase a Russian missile defense program and its attacks on Kurdish forces in Syria.
The meeting comes at a low point in Turkish-U.S. relations, particularly in terms of Syria following Turkey's offensive against Kurds in the nation who had been solid allies of the U.S. On Tuesday, the Wall Street Journal reported the existence of U.S. drone video evidence of Turkish-backed gunmen targeting civilians in October.
Turkey began launching attacks in northern Syria, almost immediately after Trump announced the U.S. would pull out remaining troops. Lawmakers on both sides of the aisle condemned Erdogan's actions in Syria as well as Trump's decision to pull the troops.
"I want to thank his partnership as we work to build a safe and prosperous Middle East," Trump said Wednesday. "I'm a big fan of the president."
Erdogan called Turkey the "most reliable partner in the region" for the U.S.
While Trump and Erdogan met, lawmakers spent more than six hours in the first of public impeachment hearings on Capitol Hill. President Trump said he was "too busy" to watch but also tweeted about the events happening down the street.
When questioned about the impeachment inquiry, Trump called it "a sham" that "shouldn't be allowed."
Trump said he will be releasing a second call related to the impeachment inquiry tomorrow, which he said predates the July 25 call with Ukrainian president Volodymyr Zelensky.
He added, "I'd much rather focus on peace in the Middle East."
Fox News' John Roberts asked the president about the phone call between Trump and U.S. ambassador to the European Union Gordon Sondland that Ambassador Bill Taylor recounted in his testimony earlier today.
"I know nothing about that," Trump said. "I've never heard it [...] not even a little bit."
Taylor testified today that his staffer accompanied Sondland to a restaurant on July 26, heard Trump ask Sondland about "the investigations" and, after the call, Sondland told the staffer that "President Trump cares more about the investigations of Biden."
Trump joked "only friendly reporters" from Turkey could ask questions.
Stocks began the week closing at session lows on a day when bond yields rose and President Biden decided to stick with Jerome Powell as Fed Chair. Bryan Lee, Chief Investment Officer at Blue Zone Wealth Advisors, joins Cheddar News' Closing Bell, where he breaks down the day's activity and discusses what the Fed now needs to do going forward.
President Joe Biden announced Monday he is re-nominating Federal Reserve Chairman Jerome Powell after weeks of speculation that he would choose Democrat and Fed Governor Lael Brainard to fill the role. Biden could be looking for continuity as the U.S. continues to grapple with COVID-19 and high inflation, and investors could be on the same page: markets and treasuries ticked up after the White House made the announcement. MarketWatch Senior Reporter Greg Robb joins Cheddar News' Closing Bell to discuss Powell's re-nomination, what we can expect from the Fed's December meeting, whether it will speed up its taper timeline, and more.
President Joe Biden named Jerome Powell, initially appointed by President Trump, to keep his seat as the chair of the Federal Reserve on Monday amid the ongoing challenges of the pandemic, inflation, and unemployment. David Beckworth, a former international economist for the Treasury Department and a senior fellow with the Mercatus Center, joined Cheddar to discuss what he sees as the practicality of Biden's decision. "What Powell brings to the table is he's built up political capital with Republicans and Democrats," he said. "It's easy for him to get the job done. I think in one way he was the path of least resistance for the president."
In a surprise turn of events, Elizabeth Holmes took the stand in her own defense on Friday and is expected to continue her testimony later today. Holmes, who founded a blood testing start-up Theranos back in 2003, faces 11 counts of wire fraud as well as conspiracy to commit wire fraud. Aron Solomon, Chief Legal Analyst, Esquire Digital joined Cheddar's Opening Bell to discuss.
Jill and Carlo cover the developing story out of suburban Milwaukee, where a speeding SUV careened through a Christmas parade. Looters get more brazen in San Francisco, the missing Chinese tennis star resurfaces, and more.
Michael Tubbs, former Mayor of Stockton, California and author of 'The Deeper the Roots,' joined Cheddar Movers to talk all about his new memoir, and his ongoing fight to make meaningful change in his community.
The House narrowly passed President Biden's $1.7 trillion Build Back Better bill, the largest expansion of the social safety net in decades. The final vote was 220 to 213, with only one Democrat joining all Republicans in opposing the bill. It now heads to the Senate, where it faces an uncertain fate. Jennifer Haberkorn, congressional reporter for the Los Angeles Times, joins Cheddar News' Closing Bell, where she breaks down the current version of the bill, where it goes next, and what it could mean for the country if it eventually reaches the president's desk.
