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How will financial markets react as Democrats move forward with an impeachment inquiry into President Trump?
WIBC host Tony Katz spoke with Fox Business host Charles Payne about investor jitters on Wall Street just prior to White House officials’ releasing transcripts of President Trump’s phone call with Ukrainian President Volodymyr Zelensky.
A review of the transcripts shows President Trump sought a probe of Biden family dealings in Ukraine— but the document does not show Trump explicitly leveraging military aid as part of a quid pro quo.
“This is a long political process and it’s extremely unlikely that the Senate would go through with any kind of impeachment of President Trump,” Payne assured Katz, referring to Democrats’ actions as “political grandstanding.”
“But you do wonder about some of the things you’d like to get done,” Payne continued. “The trade deal with Canada and Mexico is ready to be signed off on, and you wonder how this will affect the White House’s ability to negotiate with China and Iran.”
Shifting the conversation to negotiations with China, Payne noted that despite President Trump’s “fiery” remarks at the U.N., China appears poised to make a deal on trade.
“[China] is buying more soybeans, they’ve removed tariffs on soybean, and they’re a much friendlier tone to trade talks,” said Payne.
He continued: “The reality, Tony, is that this market has many more things that it’s concerned about than impeachment inquiries.’
Click the link below to hear Tony’s full interview with Charles Payne.
