President Donald Trump listens during a briefing about the coronavirus in the James Brady Press Briefing Room of the White House, Monday, April 20, 2020, in Washington. (AP Photo/Alex Brandon)
President Donald Trump said that he will sign an executive order “to temporarily suspend immigration into the United States” because of the coronavirus.
“In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend immigration into the United States!” Trump tweeted late Monday.
He offered no details about which immigration programs might be affected by the order.
National security adviser Robert O'Brien on Tuesday cast the president's announcement as a move to protect the American people's health. O'Brien said the temporary halt to immigration would not be “dissimilar” to limits on travel to the U.S. from China that Trump put in place in January.
“We're trying to do everything, the president's trying to do everything he can to put the health of the American people first during this crisis,” O'Brien said on Fox News Channel. “So this is one step. It's not dissimilar to the restrictions on travel from China that he implemented back on Jan. 29 at the very outset of this public health crisis.”
O'Brien said the administration believes those travel restrictions saved lives.
Asked about Trump's reference to jobs, O'Brien referenced the virus' economic toll.
“There’s been an economic cost here, too, and the president’s looking out for Americans on both fronts at every turn,” he said.
Trump has taken credit for his restrictions on travel to the U.S. from China and hard-hit European countries, arguing the restrictions contributed to slowing the spread of the virus in the U.S. But he has not extended those restrictions to other nations now experiencing virus outbreaks.
Due to the pandemic, almost all visa processing by the State Department, including immigrant visas, has been suspended for weeks.
Almost 800,000 Americans have come down with COVID-19, the disease caused by the coronavirus, and more than 42,000 have died, according to figures compiled by Johns Hopkins University.
Rebecca Walser, President of Walser Wealth Management, joins Cheddar News' Closing Bell, where she discusses the factors behind Monday's surge on Wall Street and explains why investors will likely experience volatility in the market throughout the month of December.
Cheddar's Chloe Aiello joined "Closing Bell" to break down the progress of the SAFE Banking Act in Congress as cannabis businesses operators struggle to find financial institutions that will service them. Banks face steep federal penalties, including the risk of losing a bank charter, if found to be servicing marijuana businesses even if their state has legalized operations. Aiello reported that while there was some bipartisan support for the measure in the Senate, the bill faces some opposition from conservatives with "longstanding concerns" about cannabis and progressives who prefer a more comprehensive approach to reform.
Head of Instagram Adam Mosseri is slated to testify this week in front of the Senate Commerce Subcommittee after a Wall Street Journal report that found the Meta-owned social media platform is negatively impacting the mental wellness of teen girls.
Chinese regulators are reportedly behind China-based ride-hailing company DiDi exiting from the New York Stock Exchange, just days after listing earlier this year. The regulators stated prior that DiDi had not received the necessary clearances to list in the states. Gordon Chang, Asian affairs expert, joined Cheddar to break down what the delisting says about the relationship between nations. "This really strikes me as an attempt to really to force a decoupling of China and the U.S. in the financial markets," Chang said.
U.S. Futures were pointing to a higher open to round out the week despite a miss on the November Jobs Report, which showed slower job growth than expected-- and as the omicron variant continues to spread across the country. Patrick Healey, Founder & President at Caliber Financial Partners joined Cheddar's Opening Bell to discuss.
Just days after the detection of the Omicron variant, the World Health Organization has agreed to start the process of establishing a global pandemic treaty or accord. Amy Maxmen, senior reporter for Nature, and Dr. Samuel Scarpino, managing director for the Rockefeller Foundation's Pandemic Prevention Institute, joined Cheddar to discuss this effort and what lessons can be learned from the many COVID-19 failures as the world prepares for future pandemics.
It's a mixed bag for the November jobs report. Hiring slowed last month as employers only added 210,000 jobs, massively missing the estimate of 550,000. But there was one bright spot: the unemployment rate fell to 4.2%, with the number of unemployed people dropping to 6.9 million. Both of those numbers are considerably down from their highs at the end of the 2020 recession. Heather Boushey, a member of President Biden's Council of Economic Advisers, joined Cheddar to discuss the report and the state of the country's ongoing economic recovery.
