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.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
Stock trading app Robinhood already has been offering cryptocurrency investments but seems further excited about the asset class following President Biden's recent announcement of an executive order. Dan Gallagher, the chief legal and corporate affairs officer for Robinhood, joined Cheddar News to talk about the White House's tentative vision for digital currency. "I think this executive order firmly states that, yes, crypto is here to stay, which it talks about the important competitive issues around crypto and how the United States needs to be a leader, a global leader, in innovation and technology regarding crypto," he said. Gallagher also discussed having clarity around meme stocks going forward but worried about overregulation slowing down innovation.
As Russia’s attack on Ukraine, the latest inflation report showed the consumer price index rose 7.9 percent — a 40-year high. Heather Boushey, a member of the White House Council of Economic Advisers, joined Cheddar News to discuss what American consumers might be in store for as prices keep rising. "Forecasters at this point believe that the American economy will be resilient," she said. "They’re still predicting that the unemployment rate will continue to be lower at the end of the year than it is today, and we are still seeing folks believe that over time prices will come back down." Boushey did note that it would be dependent on how long the current situation lasts.
Simon Shuster, TIME's Moscow correspondent joins Cheddar to discuss how Ukraine could become part of the EU and what it would mean for politics in Europe.
President Biden has banned imports of Russian oil to the U.S. in retaliation for its invasion of Ukraine. The president warned of higher prices at the gas pump, leading some analysts to think it could propel the transition to clean, renewable energy. Michael Jones, chairman and CEO of investment solutions company Caravel Concepts, discussed how the ban is hitting green energy stocks as gas prices continue to surge. "I think the 10-year prospects for renewables just got a whole lot better because ultimately this is going to force a transition into renewables," he said.
Amid ongoing tensions in the Russia-Ukraine region, many American travelers are nervous about traveling to Europe.
It comes at a time when international travel was set to make a comeback, but uncertainty surrounding the conflict may delay the overall recovery. Francesca Page, Travel Expert, joined Cheddar's Opening Bell to discuss.
Russia's invasion of Ukraine is coming for the global food supply. Ongoing tensions in the region are threatening the supply of various agricultural products including wheat, barley and corn. Vladik Rikhter, CEO & Cofounder of Zenput joined Cheddar's Opening Bell to discuss how this could impact food prices overseas.
Chris Natividad, CIO of EquBot, joins Cheddar News' Closing Bell, where he elaborates on what ultimately dragged the Dow, S&P, and Nasdaq lower on Tuesday and discusses how investors are reacting to rising oil prices and February CPI data coming out later this week.
