Description
Added on the 06/11/2018 13:53:23 - Copyright : BANG Showbiz
Dianne Feinstein is the oldest member of the US Senate. According to a report in the New Yorker, the California senator is having noticeable issues with her memory. The issues have gotten so bad that Senate Majority Leader Chuck Schumer told Feinstein to step aside as ranking member of the Judiciary Committee. Feinstein recently forgot their first conversation, sources told the New Yorker. She recently announced that she'd be stepping down as the top Democrat on the Senate Judiciary Committee. She faced backlash from progressives for not being aggressive enough in the hearings to confirm Amy Coney Barrett to the Supreme Court.
An RBC Capital Markets analyst says that based on recent options trading, the market believes the next US president will be known by November 6th. However, Amy Wu Silverman, RBC's head of derivatives strategy, believes the risk of a contested election is 'severely underpriced' in the stock market. According to Markets Insider, the stock market is eagerly waiting for Congress to pass the next fiscal stimulus package. However, no progress will be made until a clear winner of the election is determined. We in the options market think about tail events, my worry now is that maybe a situation coming up where there is not a clear winner for a while. Amy Wu Silverman, Head of Derivative Strategies RBC Capital Markets A tail event is an unpredictable and rare market outcome that could come as a shock to investors.
Judge Amy Coney Barrett is to be the next Supreme Court Justice, filling the seat left by the late Ruth Bader Ginsburg. Business Insider reports the Senate on Monday voted to confirm Coney Barrett along party lines in a 52-48 vote. Only one Republican, US Sen. Susan Collins of Maine, voted against Barrett's nomination. The 48-year-old was confirmed just eight days before Election Day, and to vociferous opposition from Senate Democrats. Senate Majority Leader Mitch McConnell (R-KY) on Sunday celebrated Barrett's impending confirmation. This is something to really be proud of and feel good about. We made an important contribution to the future of this country. Senate Majority Leader Mitch McConnell (R-KY)
Confirmation hearings for Supreme Court nominee Amy Coney-Barrett may be put on the back burner for the time being. Senate Minority Leader Chuck Schumer called for a halt of the proceedings after two Senate Judiciary Committee members tested positive for COVID-19. GOP Senators Thom Tillis and Mike Lee said Friday they had tested positive for the virus after President Trump announced his diagnosis. Senate Majority Leader Mitch McConnell indicated the process would move forward as expected after Lee revealed his diagnosis. However, Business Insider reports McConnell has not commented since Sen. Tillis's announcement.