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Politics

Pence, Lawmakers Evacuated as Mob Storms Capitol Halting Listening to

A lot of people loyal to President Trump stormed the Capitol on Wednesday and halted the election counting by Congress to confirm the victory of President-elect Joseph R. Biden Jr. when police called on lawmakers on a scene of the Violence and chaos evacuated from the building and disruptions that shook the very core of American democracy.

Around 2:15 p.m., when the House and Senate were debating a move by a Republican faction to overturn the election results, Security Officer Vice President Mike Pence rushed out of the Senate Chamber and the Capitol was locked down past barricades and protesters after angry pro-Trump protesters Law enforcement agencies towards the legislative chambers.

For a time, senators and members of the House were locked in their respective chambers. Images posted on social media showed scenes of supporters fighting violently with the police when at least one person stepped onto the podium in the Chamber of the House to declare support for Mr Trump.

A woman who appeared to be part of the mob is shot in the neck and is in critical condition.

“You got this, guys,” yelled Utah Republican Senator Mitt Romney as the chaos unfolded in the Senate Chamber, apparently turning to his indictment colleagues on Mr. Trump’s false allegations of a stolen election to press .

“This is what the President caused today, this riot,” said Mr Romney angrily later.

The riots prompted Mayor Muriel Bowser of Washington to impose a curfew on the entire city from Wednesday evening to Thursday morning at 6:00 p.m. The Army activates the entire District of Columbia National Guard – 1,100 soldiers – at the request of Mayor Muriel Bowser of Washington, an Army official said Wednesday.

After Mr Trump admonished his supporters to go to the Capitol on Wednesday morning to register their dissatisfaction, he attempted to contain the violence later that day: “Please support our Capitol police and law enforcement,” he wrote on Twitter. “You are really on our country’s side. Stay peaceful! “

As the clashes deepened, he made no mention of the election and did not urge his supporters to disperse. Instead, he tweeted, “I ask everyone at the US Capitol to stay peaceful. No violence! Remember, WE are law and order – respect the law and our great men and women in blue. “

The extraordinary day in Washington sparked deep divisions, both between the parties and within the Republican ranks, as the ceremonial vote count, which takes place every four years in Congress, became an explosive spectacle and Mr. Trump stirred up unrest.

Democratic lawmakers said the Capitol Police ordered them to hide on the ground and prepare to use gas masks after tear gas was distributed in the Capitol rotunda.

Across the Capitol, Democrat of Tennessee Rep. Steve Cohen called out to Republicans on the floor of the House, “Call Trump, tell him to cancel his revolutionary watch.”

In a scene of riot common in other countries but seldom seen in the history of the U.S. capital, hundreds of people in the crowd sped past the fence barricades outside the Capitol and clashed with officers. Screaming protesters mobbed the lobby on the second floor directly in front of the Senate Chamber when police officers stood in front of the chamber doors.

Several lawmakers reported that Capitol Police ordered them to hide on the floor of the house and prepare to use gas masks after tear gas was distributed in the Capitol’s Capitol rotunda. Shortly after, police escorted Senators and members of the House from the building to others nearby as the mob flooded the hallways with pro-Trump paraphernalia just steps from where lawmakers met.

Representative Nancy Mace, a newly minted Republican from South Carolina, described how people “attack the Capitol Police.” On a Twitter post, Ms. Mace shared a video of the chaos and wrote, “This is wrong. This is not who we are. I am heartbroken for our nation today. “

Other Republican lawmakers trapped in the Capitol used Twitter to urge the mob to be peaceful.

“This is an attempted coup,” said Illinois Republican Adam Kinzinger.

In the early afternoon, the police apparently fired lightning grenades. Instead of dispersing, the demonstrators cheered and shouted: “Push forward, push forward.” One person shouted, “This is our house,” which means “Capitol”. Other people repeatedly shouted, “You took an oath.”

When officers and mob members clashed outside, lawmakers had debated an objection to the certification of Arizona voters who were located in their respective chambers. Kentucky Republican Senator and majority leader Mitch McConnell warned of a “death spiral” for democracy, while Ohio Republican Representative Jim Jordan listed a litany of electoral fraud allegations with little evidence.

“I do not recognize our country today, and the members of Congress who supported this anarchy do not deserve to represent their fellow Americans,” said Elaine Luria, Democrat of Virginia.

Kevin McCarthy, the House’s top Republican, urged people to be peaceful.

Categories
Politics

‘This simply has to get carried out’: Lawmakers push Trump to signal the reduction invoice.

“Sign the bill, do it, and if the president wants to push for more, let’s do it, too,” said Maryland Governor Larry Hogan, a Republican who also appeared on the show.

Another Washington governor, Jay Inslee, said Mr. Trump “has decided to take the entire aid package hostage”. Mr Inslee, a Democrat, announced Sunday that the state would provide $ 54 million to nearly 100,000 people who want to lose unemployment benefits.

Despite harsh criticism of Mr Trump, two elected progressive officials joined the president’s call for greater direct payments. In State of the Union, New York Democrat Jamaal Bowman claimed that after his defeat in November the president “is taking an attitude to make himself and bring himself back as a hero of the American people”. But like Mr. Trump he said, Americans needed more relief.

“It has to be at least $ 2,000, so he has to speak to his Republican friends and say, ‘Give the people the money,” said Cori Bush, Democrat of Missouri, who also called the $ 600 figure “a slap in the face.” “denoted people who suffer.”

Democrats, who have long been campaigning to increase financial relief spread across the country, plan to hold a vote on Monday to approve a standalone bill that will increase payments to $ 2,000. It’s unclear whether this legislation will stand a chance in the Senate, where Republicans have long been opposed to spending more than $ 1 trillion on pandemic aid.

Pennsylvania Republican Senator Patrick J. Toomey said he would oppose such a move and urged the president to sign the bill, adding that “time is running out”.

“I understand that he wants to be remembered for campaigning for big checks,” Toomey said on Fox News Sunday. “But the danger is that if he allows this to happen, he will be remembered for chaos, misery and erratic behavior.”

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World News

Dow falls greater than 100 factors as lawmakers battle to seal last-minute stimulus deal

Stocks slid from record highs in volatile trading on Friday as lawmakers struggled to bridge disparities on additional measures to stimulate the coronavirus.

The Dow Jones Industrial Average fell 124.32 points, or 0.4%, to 30,179.05. At its session low, the 30-stock benchmark lost more than 270 points. The S&P 500 fell 0.4% or 13.07 points to 3,709.41 while the Nasdaq Composite lost 0.1% or 9.11 points to 12,755.64. All three indices hit new intraday highs earlier in the day after the records close in the previous session.

Leaders on Capitol Hill said they were on the verge of an agreement that would provide $ 900 billion in additional aid. The month-long talks are about to begin, and federal funds will run out on Saturday at 12:01 a.m. ET.

Senate Majority Leader Mitch McConnell, R-Ky., Said Friday that negotiations “remain productive”. “In fact, I am even more optimistic now than last night that a bipartisan, bicameral framework for a major bailout is very close,” he added.

House Majority Leader Steny Hoyer, D-Md., Said that afternoon that the Chamber would be on hiatus until 5 p.m. while leaders of Congress try to get a “clearer picture” of how to move forward. He urged representatives to keep Friday evenings, Saturday and Sunday free.

Last-minute disputes preventing Congress from passing an aid agreement include direct payments, small business loans and an increase in unemployment insurance.

Big volume

The stock market saw massive volume on Friday as Tesla’s historic entry into the S&P 500 will be based on close of trading prices. There has been a rush of activity on the final bell and the S&P 500 will start trading with Tesla as a member on Monday.

With a market cap of more than $ 600 billion after rallying 700% this year, the electric car maker is named the 7th largest company in the index.

Tesla is added to the benchmark in one fell swoop, marking the biggest realignment of the S&P 500 in history. It is estimated that passive funds tracking the S&P 500 will need to buy more than $ 85 billion of Tesla, while $ 85 billion of the rest of the index will need to be sold to make room for it.

Tesla shares rose up to 4%, hitting an all-time high on Friday before closing just 0.4% higher. More than 181 million shares of Tesla changed hands, quadrupling the average 30-day volume.

Several large exchange-traded funds such as Invesco QQQ Trust (QQQ), which mirrors the Nasdaq 100, are being rebalanced alongside the S&P 500 Friday.

Meanwhile, Tesla’s inclusion coincides with a quarterly event known as Quadruple Sorcery, when options and futures expire on indices and stocks. Many expect Friday to be one of the busiest trading days of the year.

Winner Week

The main averages posted gains for the week despite Friday’s weakness. The Dow was up 0.4% for the week. while the S&P 500 was up 1.3% in its fourth positive week in five years. The tech-heavy Nasdaq outperformed the week, up 3.1%.

Shares rose earlier this week on optimism about a stimulus deal and the launch of the vaccine. On Thursday evening, Food and Drug Administration advisors overwhelmingly backed Moderna’s Covid vaccine, a major step towards FDA approval for public distribution. The first vaccinations in the US were given on Monday with the vaccine from Pfizer and BioNTech.

Investors are betting that an increase in Covid cases and disappointing economic data would force lawmakers to cement a new aid package. Unemployment claims reached their highest level since early September last week, while retail sales fell more than expected in November.

“The bad news this week is that the third wave is worsening and the economic damage from the pandemic continues to worsen,” said Brad McMillan, chief investment officer at Commonwealth Financial Network. “The good news is that policymakers are starting to contain the virus and the federal government is likely to put in place a stimulus package that will mitigate both of the main risk factors.”

McMillan said investors should expect higher volatility in the short term amid developments in the stimulus and vaccines space before the economy returns to growth in 2021. “With vaccines now available and rampant, we are at the end of the start of the pandemic and the markets are realizing that,” he added.

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