*By Carlo Versano*
UN Ambassador Nikki Haley has resigned, the latest moderating force ー and one of the highest-ranking women ー to leave the Trump administration.
President Trump and Haley addressed the press together from the Oval Office on Tuesday morning to announce her departure, suggesting the split is amicable.
Many have speculated the former South Carolina Governor has presidential ambitions, though Haley was quick to say she is not running in 2020 and will campaign for Trump's re-election. "I look forward to supporting the president in the next election," she said.
"She's done a fantastic job, and we've done a fantastic job together," Trump said. He recalled to reporters that Haley told him six months ago she wanted to "take a break" after two years in the position. She will vacate her post at the end of the year.
Haley said that her record at the UN shows that the U.S. is "respected again" on the world stage. She also made a point to thank Trump's daughter and son-in-law, Ivanka Trump and Jared Kushner, saying, "We're a better country, because they've been in this administration."
Haley has been a fierce protector of Trump's often-hawkish foreign policy doctrine at the UN since she was confirmed to her post soon after the president took office. She pushed for the U.S. to withdraw from the Iran nuclear deal and the UN's own Human Rights Council, aligning the U.S. with Iran, North Korea, and Eritrea in a refusal to participate in the Council's deliberations. Meanwhile, Haley has been a notably strong critic of Russia, often going further than the White House in her condemnations.
Over nearly two years, she managed to straddle a line that few in Trump's circle have been able to achieve: she was generally well-liked by the Cabinet, the establishment GOP, Trump's base of supporters, and even the president himself.
Transportation Secretary Pete Buttigieg joined Cheddar's Michelle Castillo from South By Southwest to boost President Biden's bipartisan infrastructure legislation and talk about the big transportation issues of the day, including electric vehicle charging infrastructure and the future of public transit. "It means we have a huge wind at our back delivering on the kinds of transportation solutions that are going to define the 2020's 2030s, 2040s even," he said. "And that's what makes it exciting to come to South by Southwest and talk with some of the people who are following these technologies and ideas the most closely and talk about where we're headed." Buttigieg also touched on the "Don't Say Gay" legislation in Florida, noting that such legislative pushes were likely coming from politicians deflecting from lacking answers to pressing economic concerns, in his opinion.
Following President Biden's executive order that could lead toward regulating digital currency in the United States. Representative Josh Gottheimer (D-N.J. 5th District), the congressman responsible for proposing a bill to regulate stablecoins, digital assets backed by fiat currencies, joined Cheddar News to discuss the bill. "I just want to make sure that we're doing everything we can to be helpful to encourage this innovation and growth here in the United States," he said.
European antitrust regulators gave Amazon approval for its MGM acquisition deal. Amazon expects MGM's collection of content will help it compete in the increasingly crowded world of streaming services.
Lisa Whalen, managing director of automotive and mobility analysis at Morning Consult, joins Cheddar News to discuss Uber and Lyft's decision to enact price surcharges on riders.
Senator Jon Tester (D-Mont.) joined Cheddar News to talk about a range of topics including Sarah Bloom Raskin's recent withdrawal as a nominee to the Federal Reserve, the impact the Federal Reserve will have on inflation, and the ongoing crisis in Ukraine. "I think it's unfortunate she had to withdraw. I think she was very, very qualified for the position by everything she's done in her past, especially in the area of cyber," he said. "She would have been good to have on the Fed."
With a zero-covid policy in China, country officials are imposing lockdowns in the region in an attempt to control the spread. With China being home to about one-third of global manufacturing, these lockdowns are wreaking havoc on the already fragile supply chain, causing disruption to production of phones and cars alike. Suketu Gandhi, Supply Chain Partner at Kearney joined Cheddar's Azia Celestino to discuss.
Markets opened higher this morning as oil prices fall and investors await a decision from the Federal Reserve. Keith Fitz-Gerald, Chief Investment Officer, Fitz-Gerald Group joined Cheddar's Opening Bell to discuss.
Catching you up on what you Need to Know on March 16, 2022, with updates on Ukraine and Russia, a container ship gets stuck in the Chesapeake Bay, Disney employees stage a walkout over the "Don't Say Gay" law in Florida, and NASA completes its first spacewalk of 2022.
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.
