DealBook Briefing: How the Impeachment Fight Could Affect the Markets

Discussion in 'Wall St. News' started by ETJ, Oct 5, 2019.

  1. ETJ

    ETJ

    DealBook Briefing: How the Impeachment Fight Could Affect the Markets


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    CreditCreditDoug Mills/The New York Times
    Sept. 26, 2019


    Good Thursday morning. (Was this email forwarded to you? Sign up here.)

    What impeachment means for stocks and the economy
    As Washington prepares for a fight over allegations that President Trump pressured the leader of Ukraine to investigate political opponents, Neil Irwin of the Upshot asks: How will the political tumult affect finance?

    Political headlines tend to have only fleeting effects on the markets, Mr. Irwin notes. For example, stocks declined on Tuesday, after Speaker Nancy Pelosi announced the start of an impeachment inquiry, but they rose slightly yesterday.

    Stocks are driven more by economic fundamentals, like oil prices during Watergate and the dot-com boom during the impeachment of President Bill Clinton in 1998.

    The question is whether there will be a feedback loop between impeachment and economic policy. For example:

    • The political fight could distract Mr. Trump from his trade wars and make escalation there less likely.

    how the White House handled records of Mr. Trump’s interactions with Ukraine. The acting director of national intelligence is said to have threatened to resign. And questions have arisen about the Justice Department’s handling of the whistle-blower complaint.
     
  2. easymon1

    easymon1

    https://en.wikipedia.org/wiki/Director_of_National_Intelligence
    maguire

    https://en.wikipedia.org/wiki/Executive_Schedule

    Document: Read the Whistle-Blower Complaint


    By THE NEW YORK TIMES UPDATED Sept. 26, 2019, at 4:50 p.m. ET

    Here is the complaint filed by an intelligence officer about President Trump’s interactions with the leader of Ukraine.

    It was released with a letter from the inspector general of the intelligence community.
    >
    https://www.nytimes.com/interactive/2019/09/26/us/politics/whistle-blower-complaint.html
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    (the SELECT IG, not one of these listed here. ?-part and parcel of The Honorable Adam Schiff, Chairman, Permanent Select Committee on Intelligence, United States House of Representatives ?)
    Inspectors General
    .
     
    Last edited: Oct 5, 2019