"I think we kind of baked in the front end of the announcement during the course of the afternoon, but we've got a lot more to learn," said Art Hogan, chief market strategist at National Securities. "This is going to be news that spills out over time but I can't imaging the start of this process improves the tone of the U.S.-China trade talks."
Pelosi's announcement follows a call in which Trump allegedly pressured Ukrainian President Volodymyr Zelensky to investigate former Vice President Joe Biden's family. Trump has admitted to bringing up Biden on the call — tweeting he will release a transcript of it — but denies pressuring Zelensky. The call is believed to be part of an intelligence community whistleblower complaint Democrats have asked the administration to release. They say the complaint would hold details not available in the call's transcript.
Stocks have surged since Trump was elected as the administration has implemented policies such as tax cuts and decreased regulation. The Dow has surged more than 46% since Trump's election. Stocks have previously struggled when a president faces the possibility of impeachment.
MathOptions COUP failure and no 51% vote so meaningless. When text read nothing found. 66% vote required in Senate good luck
Meaning everyone knows it’s bullshit
MAGA2020 Trump2020
Which CNBC reporter will have an orgasm first over Pelosi impeachment talk?
Because like the GOP, Wall Street would rather back the corrupt fraud in the WH. Speaks volumes about them
Even though the Senate has the numbers, they will have to wonder if sticking with Trump is worth the political baggage that comes with defending the decision. They might just quit and leave an open seat without the benefit of incumbency.
We rally big tomorrow!
Huh? They already tanked.
Because the house impeaching has zero chance of removing trump from office. They don’t have the senate. Game over before it starts...
Senate will never vote POTUS out. But, hey, at least we get to hear about this for the next year! Yay.