Trump Administration, Federal Reserve Board, President Volodymyr Zelensky of Ukraine and the U.S. economy regain the spotlight in Congress with differing responses to ongoing impeachment hearings and an anticipated Fed rate cut, all to be dissected by opposition Democrats. A Tesla crash in Mountain View, California killing a safety driver of a test vehicle is raising consumer questions for an electric carmaker pushed to release its highly anticipated Model Y SUV. The Wall Street Journal reports a deal by Target and NBCUniversal to curate original TV shows, a bid to offset streaming newcomers stealing market share in the entertainment arena.
Congress spent a Senate impeachment hearing by hearing from seven legal experts: four supportive of removing President Trump from office, three not. Topics of discussion ranged from initial concerns that foreign assistance was improperly offered to Ukraine if an investigation was not launched into allegations of 2016 campaign interference by a Ukrainian former adviser, to use of a diplomat’s call logs as a legitimate judge of careless or misleading thinking. In another televised session, the House oversight committee heard testimony from a former employee at the health department, who has leveled accusations against former department staff members under the Trump Administration, and charges of “constant efforts to downplay and ignore” warnings of potential outbreaks dating back to February 2018.
Ongoing financial woes cannot be handed off to the high unemployment rate, an “unsolved mystery” according to Fed Chairman Jerome H. Powell, who could be called to testify before a House Budget Committee. The cavalier attitude of the White House toward approaching the national debt limit and cyclical “peak” in economic stability could also factor in hearings—a past tradition has been to redesignate members of the Fed board.
In the two months hence to the referenced timeline spanning October through December 2019, the fed had indicated its anticipated reduction of rates by a quarter to half-aim of one percent, respectively, drawing the ire of President Trump in remarks leading up to an impromptu news conference. Strategic economic measures hinge on the decision Trump eventually made to delay additional tariffs on Chinese-imported electronics and building materials, reported by the Journal.
With impeachment in the air, the Journal reports that President Volodymyr Zelensky of Ukraine is conflicted over a telephone call with Trump. Through an interpreter, Zelensky asked the president if he might be open to an interview, proposing an alternative to any investigations. Trump responded, “Good idea,” a Chamberlain strategy, albeit on a different field of battle.
Behind closed doors, hearings hint at potential evidence of Talmlidically-minded individuals, a suggestion likely to further ire of a self-proclaimed Presbyterian candidate who—in the Rooseveltian tradition—has grappled with being embraced by Jewish benefactors. Whatever decision is reached, a declaration by the Fed could have a powerful affect on the housing market. In northern California, the short-sale gap between the average sale price of $526,389 and a median home price valued at $455,000 in the fourth quarter of last year, continues to widen. Combined with the increasing difficulty for consumers to purchase homes—or rather decisively make the decisions whether or not to do so—first quarter sales figures could be dramatically diminished in comparison to 2018. Some fetid food linked to federal food safety initiatives include dried doormat banana chips; carrot cake oatmeal cookies; and garlic cream cheese, all produced by a food manufacturer caught fumbling the bag and failing to immediately notify health officials of potential foodborne illness.
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