Us treasury secretary janet yellen called the downgrade arbitrary and said Economic Conditions had improved under the biden administration. The news of the downgrade came after the close of trade on wall street but in asia investors have been pulling out of equities in reaction. Lets look at markets now in asia. Japan is currently down by over 2 . Hong kong not that far behind. This was off the back of yesterday, and most of this week we have seen the sharemarket, certainly wall street and asia having a strong session but this is certainly spooked sentiment. Lets discuss this with tom stevenson, whos an Investment Director at fidelity. Good morning. Janet woody allen saying this is arbitrary. I have her statement janet yellen and she said she strongly disagrees and says it is based on outdated data. That is based on outdated data. That is riuht. Is based on outdated data. That is right it is based on outdated data. That is right. It seems is based on outdated data. That is right. It s
Our washington correspondent, sean dilley, reports. We love trump hes the first president to be charged with a federal crime and if previous cases are anything to go by, Donald Trumps 30 indictment is only likely to boost popularity with republican voters. The charges he faces though are serious. The 45 Page Indictment accuses the former president of knowingly spreading false claims about election fraud, to trick and persuade states in helping him overturn the Election Results. Helping him overturn the Election Results. The attack on our nations Election Results. The attack on our nations i Election Results. The attack on our nations i january Election Results. The attack on our nations ijanuary six, our nations ijanuary six, 2021, was an unprecedented assault on the seat of american democracy. It is described in indictment, it was fuelled by lies. Lies by the defendant, targeted at obstructing a Bedrock Function of the us government, the nations process of collecting, counting and cer
And kelly hyman, legal analyst and democratic strategist welcome to you all. There is a section in the Special Counsels indictment in which jack smith breaks down this alleged scheme into five distinct parts. First, it begins with the false claims of Election Fraud. It is important to note that the doj says explicitly that donald trump it is important to note that the doj did know that he had lost the election and made knowingly false claims about it. Second, the former president and his Co Conspirators launched a seven state strategy to pressure state and local officials to overturn the officially certified results. Third, they weaponised, to coin a phrase, Thejustice Department to lend credence to these false claims of Election Fraud to try to pressure State Officials. Fourth, they pressured the Vice President , mike pence, to do something they knew was unconstitutional and illegal. And finally, which brings us to the violence of january 6th, they exploited that disruption and redoub
But if previous cases are anything to go by, Donald Trumps third indictment is only likely to boost his popularity with Republican Voters. The charges he faces, though, are serious. The 45 Page Indictment accuses the former president of knowingly spreading false claims about Election Fraud to trick and persuade states into helping him overturn the election results. The police are now running back into the capitol building. Hes not been charged with inciting the violent scenes of january 6th, but prosecutors have drawn a link. The attack on our Nations Capital onjanuary 6th, 2021, was an unprecedented assault on the seat of american democracy. Its described in the indictment. It was fuelled by lies. Lies by the defendant, targeted at obstructing a Bedrock Function of the us government, the nations process of collecting, counting and certifying the results of the president ial election. Donald trump responded by posting a Campaign Statement on his social media network, truth social, like
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