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1/25/2021 10:42:53 AM GMT
Notes/Observations
- German Jan IFO Survey misses across the board as 2nd wave of pandemic derails optimism
- Italian politics remain in focus; PM Conte could decide to resign in a tactical move to position himself to lead a new government if he’s set to fall short on a key vote mid-week
- US Congress negotiates over the fiscal stimulus amid the worsening pandemic; Some Republicans seek justification for the $1.9Ton price tag
- FOMC rate decision mid-week (1st meeting under the new Biden Administration); little change to policy was expected
Asia:
- China PBoC said to potentially use contingency reserve arrangement (CRA) to stabilize liquidity before Lunar New year
Donald Trump will face an impeachment trial in the Senate over the ransacking of the US Capitol after the impeachment article against the former president is sent to the chamber on Monday, its Democratic leader Chuck Schumer announced. I have spoken to (House) Speaker (Nancy) Pelosi who informed me, that the article will be delivered to the Senate on Monday, Senate Majority Leader Schumer said in a speech Friday. A trial will be held in the United States Senate and there will be a vote whether to convict the president, Schumer told his colleagues on the Senate floor.
We live in a world where facts and fiction get blurred
National Guard troops rest in the U.S. Capitol Visitor Center two days before the 59th Presidential Inauguration in Washington, Monday, Jan. 18, 2021. (AP Photo/Andrew Harnik)
Following reports that National Guard troops had been booted from the Capitol Complex in D.C. and told to use a parking garage as a rest area, acting Capitol Police Chief Yogananda Pittman said Friday that her agency ordered no such thing.
“I want to assure everyone that, with the exception of specific times on Inauguration Day itself while the swearing-in ceremonies were underway, the United States Capitol Police did not instruct the National Guard to vacate the Capitol Building facilities,” Pittman said in a statement emailed to WTOP. “And on Inauguration Day, the Guard was notified and encouraged to reoccupy the spaces in the Capitol and CVC at 2 p.m.”