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.
With the Fed about to the announce a 25 basis point interest rate hike on Wednesday, what exactly does this mean for investors, consumers, and businesses?
Ukrainian President Volodymyr Zelenskyy has summoned the memory of Pearl Harbor and the Sept. 11 terror attacks in an impassioned video plea to Congress to send more help for Ukraine’s fight against Russia.
In February, Senator Jeff Merkley (D-Ore.) and Representative Jamaal Bowman (D-N.Y. 16th District) introduced the Fair College Admissions for Students Act. The bill looks to curb the admissions advantage given to the children of alumni and donors for colleges and universities. Sen. Merkley joined Cheddar news to discuss the push behind the legislation. "My dad was a mechanic. I was applying to schools around the country. I never thought about the fact that those students who came from the most privileged backgrounds also got a special advantage in applying to college," he said. "They take up 10-25 percent of the slots at many of our universities, and so this is kind of affirmative action for those who need it least rather than a level playing field for everyone else." If enacted, the law would amend the Higher Education Act of 1965 doing away with legacy or donor status admissions for any school participating in the federal student aid program.
Nancy Daoud, a private wealth adviser for Ameriprise Financial, joins Cheddar News' Closing Bell, where she discusses what led to a sharp spike on Wall Street during Tuesday's session and what she will be watching for most closely when the Fed announces it latest policy decision on Wednesday.
Russia's economy is effectively at a standstill after it was slapped with extensive western sanctions, and now it has to make the first of four monthly interest payments on dollar bonds. It's likely the country will not be able to pay — so what happens next? Major credit ratings agencies have downgraded Russian sovereign debt, with Fitch issuing a 'C' rating and S&P Global Ratings issuing a 'CCC-' rating. Caleb Silver, Editor in Chief of Investopedia, joins Closing Bell to discuss what a Russian debt default could mean for Russia's economy, U.S. consumers who have pensions with exposure to Russian assets, and whether this could create a global financial crisis.
With the number of Ukrainians being displaced due to the Russian invasion surging, two students from Harvard took it on themselves to develop a website to help connect potential hosts with refugees seeking housing. The co-founder of the website Ukraine Takes Shelter, Marco Burstein, joined Cheddar news to discuss working together with fellow freshman Avi Schiffmann to streamline the effort to aid Ukrainian refugees. "We basically worked for three days straight developing the website, and since then the response has been pretty incredible," Burstein said.
Over three weeks ago, WNBA player Brittney Griner was arrested in Russia on drug charges. According to reports, the Star arrived at an airport near Moscow where authorities found Vape cartridges and hashish oil in her luggage. Grindr faces serious charges that could carry a possible sentence of 5-10 years in a Russian prison. Experts warn that Griner's arrest could be used as a bargaining chip. Partner at Stroock & Stroock & Lavan, Thomas Firestone, joined Cheddar to discuss more.
