Hearings or an equal voice for the president they mean to overthrow, or fair participation of the republican congress. It is straightforwardly a democratic blueprint for the removal of the president of the United States. The democratic resolution would continue house intel chair adam schiffs control over who is called to testify. Schiff would have the to continue to deny all republicans an equitable role of assuring President Trump due process of any kind. John roberts with the latest. Reporter the resolution in the house appears to give President Trump at least some of what he wanted, including a vote in the full house. But the white house says the resolution confirms the impeachment has been an illegitimate sham from the start as it lacked authorization by a full house vote. He tweeted nervous nancy pelosi is doing Everything Possible to destroy the Republican Party. Our polls show it will be just the opposite. The donothing dems will lose many seats in 2020. They have a death wish l
Yesterday, a headline said china planning to surprise trump and negotiators with a last minute plan for phase one to remove september tariffs this has never been talked about. Delaying future tariffs was the most we were going to agree on trump was getting traction because of the bite. This has never been on the table. China will get it done then i read it today it said these are now part of the negotiation. The way it was cast is that it was almost like an appeasement or throwing in the hand. Is it negotiations or are we backing down the deal is likely to get done each side wants to say we got what we wanted now, if that happens, the markets will be like that. Thats the big question, does the market care if it comes without any teeth. Do they just want a truce and no more ramped up sort. For phase one, do they want to give up what they were working to force them out of the table. I think what the market is really looking foreGoing Forward is if you are going to continue conversations.
The reason we had this neutral trend, this sideways act and forth, for what turned them. Ullish was a higher load the buyers have more conviction on each dip. We now have the rsi coiling up out of the coil. Moreuggesting we could see strength ahead for the s p 500. One place there wasnt strength was defensive yield proxy stocks. Interestingly, a 260 million etf that focuses on defensive stocks actually rose today. It is outperforming the s p 500 by about 1 this year. It equals about 100 s p 100 cks that have strong prop strong profiles, but the holdings are not what you would think of when you think of the textbook definition of defensive stocks. After that it is software, electronics, diversified financials, retail, bank stocks, they all have at least a 5 allocation in the etf. It shows you that defense really is in the eye of the beholder. Palladium surge to a record high as cleaning air rules clean air rules boosted demand for the metal. There is concern that the high price of palla
Congressional subpoenas and cant be forced to testify before congress. Lets bring in attorney david rifkin, he served during the reagan and georg george h. W. Buh administrations. Welcome. Thank you for coming today. David, how strong is this president s case for saying that his aides dont have to testify because of this immunity . Very strong. It is a wellestablished immunity, paul, dates back to 1971, an opinion written by william republica renquist, been reaffirmed in nine administrations and both parties, fully case law. Ittheres a group of people tht see the president every day, he communicates with them, the 1971 opinion says the president is a coequal branch, he cannot command that members of congress appear before him. They cannot command he appears before them. I want to emphasize one more point. The reason the president has a strong position, theres another form of absolute immunity based upon 1989 opinion, he went on to be a chief judge in the fourth circuit. That stands for
Where might it be signed . How about london in early december, when President Trump attends a nato summit . Theres a lot of speculation that xi might be there. Well, that is magic to the market. Stocks are going up. Look at this. The dow industrials will be up well over 100 points, maybe 140 points. The s p 500 is going to be up about 10. Thats. 33 . The nasdaq will chime in with a 30point gain. That would be about. 33 or more. Here come more record highs. All right. Now, how is this for a headline . Turmoil at one of the most powerful companies in the world. Google. The board has opened an investigation and hired an outside law firm to look into Sexual Harassment and misconduct. Shareholders and some employees are not happy with the big severance packages given to executives who are being forced out. At the center of the probe, andy ruben, who ran the android division, and David Drummond, googles chief legal officer. This is not a story about the stock. Its a story about relationships