All eyes are on Capitol Hill for President Trump's first-ever State of the Union address. Esquire.com's Jack Holmes joins Cheddar to preview the event and predict how the night will play out for the Commander in Chief. The associate editor says it's safe to assume Trump will look to replicate the tone of his critically-acclaimed 2017 joint address to Congress.
Holmes also breaks down the Democrats' decision to tap Rep. Joe Kennedy III (D-MA) to deliver the opposition response. He says Kennedy is representative of both a new face of the party, and a nod to the glory days of the Kennedy years. He considers whether the traditional response still matters in today's fast-paced news environment.
Finally, we recap Will Ferrell's reprisal of his George W. Bush character on Saturday Night Live. Holmes discusses how the former president's legacy has benefited from the election of Donald Trump. He says SNL is trying to add perspective by reminding viewers our standard for presidential excellence is always changing.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
