Mr. Trump took another step into the legal unknown when he pardoned 17 prisoners without using the normal procedure. Some of the people pardoned where high-profile offenders like Eddie DeBartolo Jr., Michael Milken, and Rod Blagojevich. The president claims he is the country’s top law official. Mr. Trump continues to show the country he can shake up the judicial system, and the Rule of law with his mighty tweets.
Attorney General Bill Barr tried to get the president to stop tweeting about the Department of Justice when they met privately. When that didn’t work, Barr sat down with ABC News, and he told the world he can’t do his job if the president keeps tweeting. But that didn’t work either. The president continued to trash-talk the judge in the Roger Stone case. Mr. Trump claims the Mueller investigation was illegal, so Stone should not spend any time behind bars for obstructing justice and witness tampering.
More than 2,000 federal prosecutors want Bill Barr to keep his word and resign, but a DOJ official told the press Barr won’t hit the legal showers yet. Barr’s critics claim he sent Trump a message when he said he couldn’t do his job. What Barr really meant was he wants the president to stop exposing what he does in public, or the whole “the president is above the law” claim will go up in smoke, according to the Washington Post.
Dallas Federal Reserve President Robert Kaplan thinks the workforce reached maximum capacity in 2019. Mr. Kaplan said the labor market may be above capacity, so the Feds plan to keep interest rates the same in 2020. Kaplan also said GDP growth will slow down in 2020. But he didn’t say how much economic erosion will take place thanks to the coronavirus.
For the last three weeks, the coronavirus made Chinese cities look like ghost towns. More than 73,000 cases of the virus are on the books, and more than 1,800 people lost their lives to the deadly disease.
Apple will miss first-quarter projections thanks to coronavirus. The stock market took a beating when Apple revised its first-quarter earnings projection. And other U.S. companies face the same situation, especially if they do business in China.
But Huawei, the giant Chinese tech company, opened its factory after the Chinese New year to meet the demand for its new Pro 30 smartphone series. Plus, Huawei continues to fight Mr. Trump’s claim it spies for the Chinese government.
Source: https://marketrealist.com/2020/02/china-coronavirus-outbreak-takes-toll-apple/
Dil Bole Oberoi
