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Jack Welch Warns: "An Impeachment Proceeding Would Blow The Market Away"

Jack Welch Warns: "An Impeachment Proceeding Would Blow The Market Away"

Appearing on CNBC's Squawk Box this morning, the former CEO of General Electric, Jack Welch, offered some rather ominous market predictions in the event of a Trump impeachment:

"An impeachment proceeding would blow the market away."

And while he doesn't seem to be in the impeachment camp, Welch also took aim at Trump saying that he's "on the right agenda" but has "crappy management practices."

Republican Amash Breaks With Party, First To Raise Trump Impeachment

Republican Amash Breaks With Party, First To Raise Trump Impeachment

In what may be the most material development of the day, moments ago GOP Representative Justin Amash (R-Mich.) said the report that President Trump pressured ousted FBI Director James Comey to end an investigation would merit impeachment if true, becoming the first Republican lawmaker to break from the party and hint at impeachment.

Height Securities: Investors Should Start Considering "Drama Free President Mike Pence"

Even before the Comey memo news broke after the close on Tuesday, Height Securities' Peter Cohn was already ahead of the curve, warning what key catalysts to look for should the push for Trump impeachment accelerate. Specifically, he said that while Democrats were guaranteed to push for impeachment, they are mostly noise as any credible move to impeach the president would have to start within the Republican party. As such Trump's conduct "raises questions for investors about whether senior Republicans will abandon ship."

Huge Brawl Broke Out Between Erdogan's Bodyguards And Kurdish Protesters Outside Turkish Embassy

Shortly after the meeting and joint-statement between president Trump and Turkish president Erdogan yesterday, a fight which saw the participation of Erdogan's bodyguards erupted in front of the Turkish embassy in DC between supporters and Kurdish opponents of the Turkish president, in which nine people were injured and taken to a hosptial and two arrests were made.

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