Is the Drama Around the White House Correspondents' Dinner Worth It?
*By Tracey Cheek*
In a sharp contrast to years past, the White House Correspondents' Dinner will not feature a class clown, but a professor ー First Amendment historian Ron Chernow.
The sober-minded selection comes after comedian Michelle Wolf's take-no-prisoners routine at the last event in April ー her jabs at Sarah Huckabee Sanders, in particular, incited outrage from the White House and some of the reporters in attendance.
“\[Chernow is\] not going to be controversial, he’ll be a very ‘eat your vegetables’ performer," said Jon Levine, media editor at The Wrap
Chernow ー a significant deviation from the likes of Stephen Colbert and Wanda Sykes ー is best known for his thick volumes on American presidents. Perhaps most notably, his book on Alexander Hamilton inspired the hit Broadway musical and cultural phenomenon, “Hamilton.”
But does it really matter who gets up and tells jokesー or in this year's case, gives a history lesson ー to a group of journalists? Levine said that the White House Correspondents' Dinner has been criticized as an access journalism event, and for all the rumblings, it's not particularly important.
“The event has gotten criticism since as long as I can remember," he said." From a lot of journalists who say it’s weird to sort of be writing all this very tough coverage about Trump or Sarah Sanders or whatever, and then you go there and have drinks with everybody and pal around. It's a little strange.”
President Trump has not shown up to a White House Correspondents dinner since taking office, in contrast to his predecessors, and Levine is positive that this year will be no exception.
“There is not a question, he will not show up,” he said.
“It’s clearly just not his thing. He knows that he goes after the press every single day. It would be a hostile audience. It would be at best awkward.”
Sam Stovall, Chief Investment Strategist at CFRA Research, joins Cheddar News' Closing Bell where he dives into the factors contributing to Monday's market plunge and what could be in store when February's CPI data comes out on Tuesday.
Derek Shearer, former U.S. Ambassador to Finland and contributing writer for Washington Monthly, joins Cheddar News to discuss the latest developments in the Russia-Ukraine conflict.
Americans continue to feel the pain at the pump as a result of Russia’s invasion of Ukraine. Patrick DeHaan, head of petroleum analysis at GasBuddy, joined Cheddar News to discuss how prices are being affected by the war and how much worse it could potentially get for drivers. "It's obviously a fluid situation. In one field today, I might feel differently in a half hour. But for now, I think we could see the national average realistically go somewhere into the mid $4 range, maybe $4.40 to $4.65 based on what we're seeing," he said.
Russia’s invasion of Ukraine has entered its 12th day following what Ukrainian authorities described as increased shelling of encircled cities and another failed attempt to evacuate civilians from the port city of Mariupol.
Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil.
Jay Hatfield, Chief Investment Officer at ICAP, believes a lot of the bad news regarding the fighting in Ukraine and Fed is already priced into the market and looming uncertainty factored into Friday's movement. However, he also believes the upcoming Fed decision will be good news for Wall Street.
News of Russian forces taking control of a Ukrainian after artillery bombardment of a nuclear power plant raised concerns this week. Nuclear policy expert and Quincy Institute Distinguished Fellow Joe Cirincione joined Cheddar News to discuss the implications for a potential disaster. “I’m with the director general of the IAEA, the International Atomic Energy Agency. He says that he is extremely concerned, and that this Russian attack is a severe risk and that Russia clearly violated the fundamental principle of preserving the integrity of nuclear power plants," Cirincione said.
Amid Russia's attack on Ukraine, major businesses from BP to Big Tech like Apple have been pausing their business dealings with the invading nation. Brian Walker, chief strategy officer at commerce software company Bloomreach, joined Cheddar News to discuss how some companies are showing support for Ukraine and what this could mean for consumers. "Whether it be impacts on energy or operational costs, shipping and logistics, or frankly impacts on the financial services industry, these will have long term implications on retail prices," he said.
