FILE - Dr. Tedros Ghebreyesus, Director General of the WHO, speaks at the Reaching The Last Mile Forum on Nov. 19, 2019, at the Louvre in Abu Dhabi.(Jonathan Gibbons/Reaching the Last Mile Forum via AP Images)
The head of the World Health Organization says he will begin an independent evaluation of the U.N. health agency’s response to the coronavirus pandemic “at the earliest appropriate moment.”
WHO Director-General Tedros Adhanom Ghebreyesus made the pledge Monday after an independent oversight advisory body published its first interim report about the U.N. health agency’s response to COVID-19 from January to April.
The 11-page report raised questions such as whether WHO’s warning system for alerting the world to outbreaks is adequate, and suggested member states might need to “reassess” WHO’s role in providing travel advice to countries.
The advisory body’s review and recommendations appeared unlikely to appease the United States administration, which has been scathing in its criticism of WHO — in part over President Donald Trump’s allegation that it had criticized a U.S. travel ban that he ordered on people arriving from China, where the outbreak first appeared late last year.
Trump ordered a temporary suspension of funding for WHO from the United States — the health agency’s biggest single donor — pending a review of its early response. But the review panel, echoing comments from many countries, said such a review during the “heat of the response” could hurt WHO’s ability to respond to it.
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.
