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Historically, Democrats have told Civil Rights activists that their calls for justice have cost the party electorially. The recommendations of the 1968 Kerner Commission and Obama's policing commission were hardly implemented, so what makes this time different? After telling civil rights leaders to wait on calls for police reform until after the Georgia runoffs, Biden promised the civil rights leaders that he would look into issues surrounding policing in a new commission. It also was direct about the need to reign in police abuses and called on departments to stop random "stop and frisk style" searches. But Johnson, despite passing landmark civil rights and anti-poverty legislation, stopped short of carrying out the Commission's recommendations.
Persons: Biden, Will Meyer, , Rep.Jim, we've, Obama, Adam Johnson, Johnson, Nima Shirazi, Wallace, George Wallace, Georgia runoffs, Lyndon Johnson, Otto Kerner, Michael Brown's, George Floyd's, Kerner Organizations: Police, Georgia, Civil Rights, The Intercept, CBS News, Democratic, Illinois, New York Times, Force, Century, Kerner Commission, New, Twitter Locations: Massachusetts, South Carolina, Alabama, Georgia, Brooklyn, Los Angeles, New Republic
But is this kind of appeal adaptable to a world where Trump himself cannot legally hold power any more? That kind of scenario, though, demands a level of Machiavellianism that Trump has — at best — inconsistently displayed, and a willingness to publicly subordinate himself and build up others that he has almost never shown. Does Trump actually want an heir, a successor to whom his legacy belongs? Does he want to live in a world where a son he used to disfavor — to say nothing of someone who isn’t his flesh and blood — is nominated for president instead of him? What McConnell has before him, then, is an opportunity to exert agency, to wield power, that is entirely unique to early 2021, and will be long gone by 2024.
Persons: Trump, Lurleen Wallace, George Wallace, Mike Pence, , , McConnell Organizations: Republican Party Locations: Georgia
President Donald Trump wants to leave Washington DC before President-elect Joe Biden is inaugurated on January 20, CNN reported. President Donald Trump wants to leave Washington DC before President-elect Joe Biden's inauguration because he doesn't want to go out as an ex-president or ask to borrow Air Force One, CNN reported. Insider contacted the White House for comment on the president's plans, which have not been confirmed. Per CNN, Trump ruled out attending Biden's inauguration even though allies told him it was a good idea to go. Trump was also reticent to ask Biden if he could borrow Air Force One, the official plane of the president, CNN said, citing a source.
Persons: Donald Trump, Joe Biden, Trump, Biden, Joe Biden's, wold, John Adams, George Washington, Getty Trump, , Letitia James, Cyrus Vance Jr Organizations: CNN, White, Air Force One, Capitol, Trump, Bloomberg, House, Scottish, Air Force, Military, Washington DC, Getty, Prosecutors, Trump Organization Locations: Washington, Florida, Lago, Marine, Scotland, Washington ,, New York State, New York, Manhattan
Opinion | ‘Stop the Steal’ Didn’t Start With Trump
  + stars: | 2021-01-15 | by ( Jamelle Bouie | ) www.nytimes.com sentiment -0.99   time to read: +2 min
To explain the attack on the Capitol, you can’t just turn your focus to Donald Trump and his enablers. You must also look at the individuals and institutions that fanned fears of “voter fraud” to the point of hysteria among conservative voters, long before Trump. Put another way, the difference between a riot seeking to overturn an election and an effort to suppress opposing votes is one of legality, not intent. And the residents of cemeteries have infamously shown up at the polls on Election Day. The Republican National Committee supported this push, claiming to have evidence that thousands of voters had cast more than one ballot in the same election.
Persons: Donald Trump, George W, Bush, John Ashcroft, Mel Carnahan, Ashcroft’s, Kit Bond, Louis, , Ashcroft Organizations: Trump, Democratic, South, Tammany Hall, Republicans, Republican, Voters, Republican National Committee Locations: New Mexico, Missouri, St, America
Opinion | Why Are There So Few Courageous Senators?
  + stars: | 2021-01-15 | by ( Peter Beinart | ) www.nytimes.com + 0.00   time to read: +3 min
Not every Republican senator nearing retirement exhibited Mr. Romney or Mr. McCain’s bravery. Mr. Romney, like the Arizona Republican Jeff Flake — whose opposition to Mr. Trump likely ended his senatorial career — belongs to the Church of Jesus Christ of Latter-day Saints, which was once persecuted on American soil. By contrast, Mr. Kerry’s Massachusetts colleague, Ted Kennedy, who had been elected to the Senate in 1962, voted against it. Like most people, I’d prefer senators who do what I think is right. Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram.
Persons: Romney, Lamar Alexander of Tennessee, impeaching Mr, Trump, Courage, Arizona Republican Jeff Flake —, , of Jesus Christ, , Barbara Lee, — John Kerry, John Edwards, Hillary Clinton, Joe Lieberman —, Kerry’s, Ted Kennedy, Robert Byrd of, George W, Bush, Byrd, John Quincy Adams, Barack Obama, I’d, you’ve, Daniel Webster, Massachusetts — “, ” Peter Beinart Organizations: Republican, Arizona Republican, of Jesus, Democratic, Senate, White, Newmark Graduate School of Journalism, City University of New, New York, Facebook, Twitter Locations: Arizona, Black, Iraq, Kerry’s Massachusetts, Robert Byrd of West Virginia, Benton, America, Massachusetts, City University of New York
Construction of a Trump library could wind up being a major battleground over the legacy of the twice-impeached president. It's unclear whether either university Trump attended would want to house a Trump library. President John Kennedy picked a spot for his presidential library near Harvard, in Cambridge, Massachusetts, a month before his assassination. Richard Nixon's presidential library in Yorba Linda, California, was at the center of a historical brawl over the Watergate scandal. Language in the Presidential Records Act "places the responsibility for the custody and management of incumbent Presidential records with the President."
Persons: Julian Zelizer, Trump, Donald Trump, Sean Spicer, Trump's, I'd, Don Jr, Zelizer, Brooks Kraft, Gerald R, Lyndon Baines Johnson, they'd, I'm, it'll, Anthony Clark, Ronald Reagan, John Kennedy, Mandel Ngan, Trevor Noah, Jim Manley, Harry Reid's, , he'd, John Dean, Richard Nixon, Judd Deere, Richard Nixon's, Greg Doherty, MAGA, Herbert Hoover, Barack Obama, Obama, Mark Updegrove, Updegrove, George W, Laura Bush —, Camp David, Jay Hakes, Jimmy Carter, Nixon, Dean, Camp Pendleton, Hakes, George H, Bush, Timothy Naftali, Bob Woodward, Carl Bernstein, Clinton, Ann Ravel, Manley, Biden, Doug Mills, White, didn't, Joe Biden, It's, Clark, Gerald Connolly, Connolly Organizations: Trump, Princeton University, Washington, White House, US, Senate, Brooks, Brooks Kraft LLC, Getty, Ex, Ford Presidential, University of Michigan, Lyndon Baines Johnson Library, Museum, The University of Texas, Fordham University, Wharton School, University of Pennsylvania, Sunshine State, Stanford University, CBS, Duke University, West, White, National Archives, LBJ Foundation, Jimmy Carter Presidential Library and Museum, Marine Corps, Nixon Foundation, Standard, Congressional Research Service, The, Defense Department, Records Administration, Virginia Democratic Locations: Washington, Ann Arbor, Austin, New York City, Palm Beach , Florida, New York, Harvard, Cambridge , Massachusetts, Boston, AFP, Yorba Linda , California, Florida, Atlanta, Camp, San Diego County, H.R
The January 6 insurrection on the Capitol had some familiar echoes of the November 2000 uprising on Miami-Dade County's presidential recount, an incident that came to be known as the Brooks Brothers riot. The Capitol insurrection was both far more far more violent and had more serious physical consequences for the place where the attack occurred, although unlike the Brooks Brothers rioters, this group failed to stop the counting of votes. The Brooks Brothers riot revived a new blueprint for electoral disputes, one that openly deployed violence and intimidation to frighten officials into discarding legitimate votes. Like the Brooks Brothers riot, it took place on a Wednesday. Unlike the Brooks Brothers riot, the pro-Trump insurrectionists, despite their efforts, did not succeed in suspending the counting of votes and, in fact, hardened the resolve of lawmakers to finish the count in defiance of mob violence.
Persons: Brooks, Roger Stone, Donald Trump's, Bush, Gore, Democrat Al Gore, Republican George W, MAGA, Brad Blakeman, Eric Geller, Luis Rosera, New Yorker Chuck Walker, George Bush, Stephen Clarke, Rhona Wise, playbook, Trump, Trump's, James Baker, Johnny Lewis, Stone, Donald Trump, Barack Obama's, Stefan Molyneux, Robert Mueller's, Washington Jose Luis Magana, resoundingly, Rick Hasen, Danny Johnston, Missouri Republican Sen, Kit Bond Organizations: Capitol, Dade, Brooks, Republican, Miami, Democrat, Trump, GOP, Democratic, New York Times, New Yorker, Getty, Congress, The Washington Post, eventual, Republican National Convention, Politico, Stone's, U.S, University of California, Missouri Republican Locations: Miami, Dade, Miami , Florida, Dade County, Washington, Irvine, Arkansas, Bush, reverberate, Missouri, Indiana
The episode prompted concerns that if a Democrat also won in 2024, for example, a Republican-controlled Congress could go through with fully rejecting a state's electors and even overturn an election. It's well within the realm of possibility that Democrats in the 2022 mid-terms could lose their slim control of both bodies of Congress, setting up the potential for a bid to overturn states' electoral votes. Erin Schaff/AFP via Getty ImagesCan Congress unilaterally overturn election results? Congress would have needed to reject multiple states Biden won to overturn his 306-232 electoral vote defeat of Trump. Consider a closer election where Congress only needed to reject one state's slate of electors to overturn the winner's victory, leaving no candidate with a clear majority of electoral votes.
Persons: Joe Biden, Ravi Doshi, Doshi, Joe Biden —, Mike Braun, Indiana, Ron Johnson of, Bill Hagerty, Marsha Blackburn of, Sen, Kelly Loeffler, MAGA, Mike Pence, Donald Trump, Erin Schaff, Biden, Samuel Tilden, Rutherford B, Hayes, Read, Donald Trump Carolyn Kaster, Richard Nixon, George Wallace Organizations: Trump, Capitol, Democrat, Republican, Act, Biden, GOP, Senate, Getty, Electoral, Republicans, Democrats, National Task Force, White Locations: Pennsylvania, Ron Johnson of Wisconsin, Marsha Blackburn of Tennessee, Georgia, Washington , DC, Michigan, Minnesota, Washington, North Carolina
Atlanta Prosecutor Appears to Move Closer to Trump Inquiry
  + stars: | 2021-01-15 | by ( Richard Fausset | Danny Hakim | ) www.nytimes.com sentiment -0.88   time to read: +2 min
Mr. Banzhaf and other legal experts say Mr. Trump’s calls may run afoul of at least three state criminal laws. “It seems clearly there was a crime committed.”He noted that Fulton County, which encompasses much of Atlanta, is not friendly territory for Mr. Trump if he were to face a grand jury there. The inquiry, if it comes to pass, would be the second known criminal investigation of Mr. Trump outside of federal pardon power. He is already facing a criminal fraud inquiry into his finances by the Manhattan district attorney, Cyrus R. Vance Jr. Ms. Willis, who took office only days ago, is a seasoned prosecutor not unaccustomed to the limelight and criticism.
Persons: Worley, John F, Banzhaf, Trump’s, , Joshua Morrison, Willis, Trump, Cyrus R, Vance Jr, Brian Kemp, it’s Organizations: George Washington University, Republican, Howard University, Emory University School of Law Locations: Fulton County, , Atlanta, Manhattan, Georgia, Georgia’s
WASHINGTON — The entire National Mall in Washington, D.C., will be closed to the public on Inauguration Day next week, according to two federal officials in different agencies. The area between the Lincoln Memorial and the U.S. Capitol will be closed. The Joint Inaugural Committee had already announced that it would not be issuing tickets this year for people to attend closer to the ceremony, but this latest closure extends to the entire Mall area. While the National Mall will be closed down to the general public, federal officials also said they are considering whether to allow admission to the groups that were earlier granted “First Amendment” permits. Biden’s inaugural theme will be “America United” and he will partake in several activities alongside former Presidents Barack Obama, George W. Bush and Bill Clinton to underscore that message of unity, his inaugural committee said Monday.
Persons: WASHINGTON, Barack Obama's, , Joe Biden, Barack Obama, George W, Bush, Bill Clinton, Jennifer Lopez, Lady Gaga, Gaga, Lopez Organizations: Washington , D.C, Lincoln Memorial, U.S, Capitol, Trump, Capitol Police, America United ”, U.S . Capitol Locations: Washington ,
Hollis, 54, a former journalist, learned that his blood is fortified with so-called super antibodies — antibodies that neutralize the virus, which, even when diluted 10,000 times, still resists Covid-19, Liotta said. But treatment for the virus is still necessary, which makes Hollis' "super" antibodies inestimably important. Liotta's team found seven other people with "super" antibodies for the clinical trial. "'Super' antibodies are more effective at stopping the viruses from getting into our cells," he added. Less than 5 percent of coronavirus patients have the 'super' antibodies, making them super important to replicate and use in therapeutic modality.
Persons: John Hollis, Davis, Hollis, Lance Liotta, Liotta, John, Covid, Donald Trump, Ron Aira, George Mason, Kevin W, I'm, George Mason University President Gregory Washington, George, Dr, Pierre Vigilance, Vigilance Organizations: George Mason University, The Atlanta, George Mason University President, National Institutes of Health, Research Laboratories, George Washington University School of Public Health, HealthUp Strategic Advisors, Vigilance, D.C, Facebook, Twitter Locations: Fairfax , Virginia, United States, Europe, London, Paris, Charlotte , North Carolina, Washington
Eastman, 60, who made unsubstantiated claims of election fraud at the rally, would neither confirm nor deny whether he will represent Trump, citing attorney-client privilege. A former clerk to U.S. Supreme Court Justice Clarence Thomas, Eastman represented Trump last month in unsuccessful challenges to the election. He does not think Trump has culpability, either. Giuliani’s own pressure on Ukraine helped lead to Trump’s impeachment trial. Jay Sekulow, another personal lawyer for Trump who played a role during the first impeachment, also is not expected to be involved.
Persons: Donald Trump, John Eastman, Donald Trump's, Rudy Giuliani, Jim Bourg, Giuliani, Eastman, Joe Biden’s, Clarence Thomas, Trump, Chapman, , Kamala Harris, Robert Mueller’s, Biden, White, Pat Cipollone, Jay Sekulow, John Yoo, Thomas, George W, Bush, , impeachable, Yoo Organizations: Reuters, U.S, Capitol, Trump, Congress, REUTERS, Eastman, U.S . House, Wednesday, Supreme, Chapman University, Faculty, Chapman, Newsweek, Democratic, Republican, Department of Justice Locations: U.S, Washington , U.S, States, California, Ukraine
Widen After Impeachment Vote Some House Republicans have called on Representative Liz Cheney to resign from her leadership post after she voted to impeach President Trump. Representative Liz Cheney had issued a scathing statement the day before the impeachment vote repudiating President Trump. Mr. Biden will detail his proposal, which he and his economic team have been honing for weeks, in an evening speech in Delaware. “This nation also remains in the grip of a deadly virus and a reeling economy,” Mr. Biden said Wednesday. Far more of a party institutionalist, Mr. Biden has promised to rebuild state parties and deepen investments in the committee.
Persons: Liz Cheney, Trump, Joseph R, Biden, Cheney, Anna Moneymaker, Trump’s, Mr, Andy Biggs of, Jim Jordan of, Matt Gaetz, , Ms, , ” Mr, Gaetz, Fox News’s “ Hannity ”, “ Liz, Adam Kinzinger of, Kinzinger, Jordan, Kevin McCarthy of, Steve Scalise, impeaching Mr, McCarthy, , Dick Cheney —, Max Whittaker, Brian Deese, Biden’s, Deese, ” Alan Rappeport, President Trump, Jim Lo Scalzo, Kevin Seefried, Jake Angeli, Robert Keith Packer, Auschwitz ” sweatshirt, insurrectionists, Jacob Fracker, Thomas Robertson, Robertson, Garry Reid, Amr Alfiky, Michael D, Erin Schaff, Mitch McConnell of, McConnell, impeaching Trump, Catie Edmondson, Jaime Harrison, Lindsey Graham, Cameron Pollack, Harrison, Tom Perez, Jim Clyburn, Barack Obama, Lisa Lerer, Austin, John F, Kirby, Win Mcnamee, John, Kirby —, John Kerry, Chuck Hagel, Mike Mullen, Staff —, David L, Norquist, Lloyd J, Austin III, Ryan McCarthy, Kerry, Obama, Admiral Mullen, Hagel, Adriano Espaillat, Espaillat, Jacquelyn Martin, maskless Trump, Bonnie Watson Coleman, Pramila Jayapal, Brad Schneider, Ayanna S, Pressley, Emily Cochrane, Gabriela Bhaskar, Bernie Sanders, Vermont, Elizabeth Frantz, Sanders, we’ve, George W, Bush, Barack Obama’s, Alan Rappeport, Julia Letlow, Luke Letlow, Letlow, Ralph Abraham, Luke, Allen Guillory Sr, Sandra “ Candy ” Christophe, Glenn Thrush Organizations: Republicans, Security, Trump, Trump . Credit, The New York Times, House Republican Conference, Capitol, Fox, Freedom Caucus, Republican Party, Mr, Senate Republicans, Covid, National Economic Council, Reuters, Democrats, Congress, Justice Department, Confederate, Auschwitz, military’s, Chiefs, Staff, The Defense, Department of Defense, National Guard, New York Times, Democratic, Republican, Senate, S.C, Lindsey Graham . Credit, Democratic National Committee, South Carolina Democratic Party, Belt, U.S, Pentagon, Navy, Biden, Joint Chiefs, Politico, State Department, Joint Staff, Pfizer, Centers for Disease Control, Prevention, Moderna, Democrat, Secret Service, Amtrak, National Capital, , Committees, Congressional, Credit, Louisiana Republican, Louisiana’s Fifth, University of Louisiana Locations: Wyoming, Andy Biggs of Arizona, Jim Jordan of Ohio, Florida, Adam Kinzinger of Illinois, Kevin McCarthy of California, Louisiana, United States, Napa, Delaware, Rocky Mount, Va, Newark, Del, Wilmington, Mitch McConnell of Kentucky, Columbia, Lindsey Graham ., South Carolina, Arizona, Georgia, Army, Iran, Iraq, Afghanistan, Washington, New York, New Jersey, Illinois, Massachusetts, , Louisiana’s, Covid, Richland Parish, Monroe, Opelousas, Alexandria
“Yet another example of Mayor de Blasio’s blatant disregard for the facts," Eric Trump, executive vice president of the Trump Organization and the president's son, said in a statement to NBC News. "The City of New York has no legal right to end our contracts and if they elect to proceed, they will owe The Trump Organization over $30 million dollars. “This is a breach of a binding contract, and they have no right to terminate the agreement,” the Trump Organization said in a statement Sunday. Meanwhile, the business backlash against the president for his role in the deadly attacks on the Capitol continues to grow. Cushman & Wakefield, one of the country's largest real estate service firms, said it would no longer do business with the Trump Organization, a company spokesperson told NBC News in an email.
Persons: Donald Trump's, Bill de Blasio, ” de Blasio, Central Park's Wollman, de, Eric Trump, Trump, “ kingmaker, Ken Langone, , Joe Biden, ” Langone, Stephen Schwarzman, Blackstone, Biden, Schwarzman, , they’re, Jared Kushner, Trump's, ” Todd Templin, , Steven, Donald J, William D, Baldwin, Andrew Cuomo’s Organizations: Trump Organization, MSNBC, United, Central Park's, Lasker, Trump, , NBC News, Professional Golfers, Association of America, U.S . Capitol, PGA of, Wall, Capitol, Republican, Home, CNBC, Leisure, New York Times, Deutsche Bank, Signature Bank, Professional Bank, “ Professional Bank, Cushman &, Government Services Administration, Post, Trump International, GSA, George Washington University, NBC, New York Gov Locations: York City, Hill, United States, City, New York, Ferry, Bronx, unwind, Bedminster , New Jersey, Florida, Cushman & Wakefield, Washington, U.S, New York City
Futures tepid after recent run powered by stimulus hopes
  + stars: | 2021-01-13 | by ( Medha Singh | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) - U.S. stock index futures were flat on Wednesday as investors digested a recent rally to record highs on bets of a snap-back in economic activity fueled by more fiscal stimulus and vaccine rollouts. FILE PHOTO: The boot on the statue of George Washington, the first president of the United States, is seen across from the New York Stock Exchange (NYSE) following Election Day in Manhattan, New York City, U.S., November 4, 2020. ET, Dow E-minis were down 12 points, or 0.04% and S&P 500 E-minis were down 4 points, or 0.11%. General Motors Co added another 3% in premarket trading on top of Tuesday’s 6% jump after the automaker announced its entry into the growing electric delivery vehicle business. Regeneron Pharmaceuticals climbed 3.5% in light trading as the U.S. government said it would buy 1.25 million additional doses of the company’s COVID-19 antibody cocktail for about $2.63 billion.
Persons: George Washington, Andrew Kelly, Joe Biden, Russell, Donald Trump, Chuck Schumer, Morgan Organizations: Reuters, New York Stock Exchange, REUTERS, U.S . House, U.S, Capitol, U.S . Federal, Democratic, Senate Democratic, Dow E, Nasdaq, JPMorgan, Citigroup, Exxon Mobil Corp, General Motors Co, Regeneron Pharmaceuticals Locations: United States, Manhattan , New York City, U.S, Washington
Wall Street set to slip as stimulus rally pauses
  + stars: | 2021-01-13 | by ( Medha Singh | Devik Jain | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - Wall Street’s main indexes were set to open lower on Wednesday as investors digested a recent rally to record highs on bets of a snap-back in economic activity fueled by more fiscal stimulus and vaccine rollouts. FILE PHOTO: The boot on the statue of George Washington, the first president of the United States, is seen across from the New York Stock Exchange (NYSE) following Election Day in Manhattan, New York City, U.S., November 4, 2020. ET, Dow E-minis were down 55 points, or 0.18% and S&P 500 E-minis were down 11.5 points, or 0.3%. Earnings reports from big U.S. banks including JPMorgan and Citigroup will mark the unofficial start to the fourth-quarter earnings season later this week. Target Corp rose 0.2% after it said robust online sales during the holiday season resulted in a 17.2% rise in comparable sales for the retailer.
Persons: George Washington, Andrew Kelly, Joe Biden, , Dan Eye, that’s, Russell, Donald Trump, Chuck Schumer, Morgan Organizations: Reuters, New York Stock Exchange, REUTERS, Fort Pitt Capital Group, U.S . House, U.S, Capitol, U.S . Federal, Senate Democratic, Dow E, Nasdaq, JPMorgan, Citigroup, Exxon Mobil Corp, General Motors Co, Regeneron Pharmaceuticals, Target Corp Locations: United States, Manhattan , New York City, U.S, Harrisburg , Pennsylvania, Washington
Wall St. subdued at open as stimulus rally cools
  + stars: | 2021-01-13 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: The boot on the statue of George Washington, the first president of the United States, is seen across from the New York Stock Exchange (NYSE) following Election Day in Manhattan, New York City, U.S., November 4, 2020. REUTERS/Andrew Kelly/File Photo/File Photo(Reuters) - Wall Street’s main indexes opened flat on Wednesday, as investors digested a recent rally to record highs on bets of a snap-back in economic activity fueled by more fiscal stimulus and vaccine rollouts. The Dow Jones Industrial Average rose 16.2 points, or 0.05%, at the open to 31084.88. The S&P 500 rose 1.0 points, or 0.03%, at the open to 3802.23, while the Nasdaq Composite rose 15.6 points, or 0.12%, to 13088.012 at the opening bell.
Persons: George Washington, Andrew Kelly Organizations: New York Stock Exchange, REUTERS, Dow Jones, Nasdaq Locations: United States, Manhattan , New York City, U.S, 13088.012
Wall Street flat as stimulus rally cools; Intel shines
  + stars: | 2021-01-13 | by ( Medha Singh | Devik Jain | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Andrew Kelly/File Photo/File PhotoThe chipmaker said it would replace Chief Executive Officer Bob Swan with VMware Inc CEO Pat Gelsinger next month. Earnings reports from big U.S. banks including JPMorgan and Citigroup will mark the unofficial start to the fourth-quarter earnings season later this week. General Motors Co added another 2% on top of Tuesday’s 6% jump after the automaker announced its entry into the growing electric delivery vehicle business. Declining issues outnumbered advancers by a 1.2-to-1 ratio on the NYSE and by a 1.4-to-1 ratio on the Nasdaq. The S&P 500 posted 33 new 52-week highs and no new lows, while the Nasdaq recorded 262 new highs and four new lows.
Persons: George Washington, Andrew Kelly, Bob Swan, Pat Gelsinger, Joe Biden, , Dan Eye, that’s, Donald Trump, Chuck Schumer, Morgan Organizations: Reuters, Intel, New York Stock Exchange, REUTERS, VMware, Fort Pitt Capital Group, U.S . House, Representatives, U.S . Federal, Senate Democratic, Dow Jones, Nasdaq, JPMorgan, Citigroup, General Motors Co, Exxon Mobil Corp, Regeneron Pharmaceuticals, NYSE Locations: United States, Manhattan , New York City, U.S, Harrisburg , Pennsylvania, Washington
S&P 500, Nasdaq tick higher on Intel boost
  + stars: | 2021-01-13 | by ( Medha Singh | Devik Jain | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - The S&P 500 and the Nasdaq rose in choppy trading on Wednesday as Intel shares jumped thanks to a change in management while broader sentiment was muted after a recent run to record highs. Seven of the 11 major S&P sectors rose, with real estate and utilities posting the sharpest gains. ET, the Dow Jones Industrial Average rose 2.00 points, or 0.01%, to 31,070.69, the S&P 500 gained 8.80 points, or 0.23%, to 3,809.99 and the Nasdaq Composite gained 72.54 points, or 0.55%, to 13,144.98. Advancing issues outnumbered decliners by a 1-to-1 ratio on the NYSE and by a 1.1-to-1 ratio on the Nasdaq. The S&P 500 posted 37 new 52-week highs and no new low, while the Nasdaq recorded 332 new highs and 10 new lows.
Persons: George Washington, Andrew Kelly, Bob Swan, Pat Gelsinger, we’ve, , David Spika, Donald Trump, Spika, Morgan Organizations: Reuters, Nasdaq, Intel, New York Stock Exchange, REUTERS, VMware, GuideStone Capital Management, U.S . House, Representatives, Dow Jones, JPMorgan, Citigroup, Exxon Mobil Corp, Regeneron Pharmaceuticals, NYSE Locations: United States, Manhattan , New York City, U.S, Dallas , Texas, Washington
(Reuters) - Wall Street’s three major indexes were advancing slightly after Wednesday’s choppy morning session as investors appeared to be taking a wait-and-see approach while Congress began impeachment hearings. The S&P added to gains later in the afternoon right after the Federal Reserve released its “Beige Book” report. While defensive sectors such as utilities and real estate were leading percentage gains among the 11 major S&P sectors, the biggest losers were the more economically sensitive cyclical sectors such as materials and industrials. Eight of the 11 major S&P sectors were gaining ground. The S&P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 239 new highs and three new lows.
Persons: George Washington, Andrew Kelly, Bob Swan, Pat Gelsinger, Donald Trump, Joe Biden’s, , Shawn Cruz, Cruz, Russell, David Spika, Morgan Organizations: Reuters, New York Stock Exchange, REUTERS, Intel Corp, P’s, VMware, Federal Reserve, Capitol, U.S, House, Representatives, Ameritrade, , Dow Jones, Nasdaq, GuideStone Capital Management, JPMorgan, Citigroup, Exxon Mobil Corp, Regeneron Pharmaceuticals, Intel, NYSE Locations: United States, Manhattan , New York City, U.S, Jersey City , New Jersey, cyclicals, Dallas , Texas
S&P closes higher with defensive sectors leading gains
  + stars: | 2021-01-13 | by ( Sinéad Carew | ) www.reuters.com + 0.00   time to read: +4 min
(Reuters) - Wall Street’s benchmark S&P 500 index closed slightly higher on Wednesday with defensive sectors leading gains as investors waited for details of the next U.S. fiscal stimulus plan and Congress began President Donald Trump’s impeachment hearings. REUTERS/Andrew Kelly/File Photo/File PhotoU.S. Treasury yields pulled back after rising for six straight sessions, giving a boost to rate-sensitive defensive sectors such as utilities and real estate, while economically sensitive cyclical sectors lagged. They continue to hope for a real reopening,” said Mona Mahajan, U.S. Investment Strategist, Allianz Global Investors, New York. While utilities and real estate lead percentage gains among the 11 major S&P sectors during the session the biggest losers were the more economically sensitive sectors such as materials and industrials. Most of the 11 major S&P sectors gained ground.
Persons: Donald Trump’s, George Washington, Andrew Kelly, Bob Swan, Pat Gelsinger, Joe Biden’s, , Mona Mahajan, Mahajan, Trump, Shawn Cruz, Cruz, Russell Organizations: Reuters, New York Stock Exchange, REUTERS, U.S, Treasury, Intel Corp, VMware, Capitol, , . Investment, Allianz Global Investors, , House, Representatives, Ameritrade, Dow Jones, Nasdaq, Federal Reserve, JPMorgan, Citigroup, Regeneron Pharmaceuticals, Intel Locations: United States, Manhattan , New York City, U.S, New York, ” As, Jersey City , New Jersey, cyclicals
Former EY CEO Mark Weinberger on corporate America's halt of political contributions
  + stars: | 2021-01-13 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer EY CEO Mark Weinberger on corporate America's halt of political contributionsCorporate America is taking a stand in response to the assault on Capitol Hill last week. Major companies like Microsoft, Facebook, Target and others are halting political contributions. Mark Weinberger, former CEO of EY and former Assistant Treasury Secretary in the George W. Bush Administration, joined "Squawk Box" on Wednesday to discuss.
Persons: Mark Weinberger, George W Organizations: America, Capitol, Microsoft, Facebook, Bush Administration
For decades, political action committees have served as a mechanism for corporations and trade groups to maintain sway in Washington, D.C. According to data from the Center for Responsive Politics, corporate PACs accounted for about 5% of money accumulated for the 2020 election. The rise of small donors as well as the political action committees allowing unlimited donations have made the role of specific corporate political giving directly to candidates smaller over time. ... That's because the PAC contribution limit of $5,000 hasn't increased in decades, and corporate PACs have become toxic to some Democrats." Many of the freezes on political donations to candidates being announced by companies don't include political action committees not associated with specific candidates, and that means the moves could end up being more symbolic than consequential in shaping the future scope of political donations.
Persons: Donald Trump, Nobody, Mark Weinberger, George W Organizations: U.S . Capitol Police, U.S, Capitol, Companies, U.S . Capitol, Washington , D.C, Center for Responsive Politics, Center for, Bush Administration, Electoral Locations: Washington, Washington ,
On January 7 around 6 p.m., Racquel was attacked by a dog in her apartment building and her arm began bleeding profusely. "Think about emergency victims who aren't suffering from COVID-19 but ... can't receive access to the emergency care they need. I want to talk about what it's like to sustain a major trauma injury in the midst of COVID-19. The responding police officer took a police report, and told the man to just quarantine his dog for 10 days. I was so blessed and am so thankful to the paramedics and hospital staff who helped me.
Persons: Racquel, I'm, couldn't, patients, Yavniel, I'd, Ma'am, nodded Organizations: George Washington Hospital, DC Locations: Washington , DC, COVID, California, South Carolina, Florida
For decades, political action committees have served as a mechanism for corporations and trade groups to maintain sway in Washington, D.C. According to data from the Center for Responsive Politics, corporate PACs accounted for about 5% of money accumulated for the 2020 election. The rise of small donors as well as the political action committees allowing unlimited donations have made the role of specific corporate political giving directly to candidates smaller over time. ... That's because the PAC contribution limit of $5,000 hasn't increased in decades, and corporate PACs have become toxic to some Democrats." Many of the freezes on political donations to candidates being announced by companies don't include political action committees not associated with specific candidates, and that means the moves could end up being more symbolic than consequential in shaping the future scope of political donations.
Persons: Donald Trump, Nobody, Mark Weinberger, George W Organizations: U.S . Capitol Police, U.S, Capitol, Companies, U.S . Capitol, Washington , D.C, Center for Responsive Politics, Center for, Bush Administration, Electoral Locations: Washington, Washington ,
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