C-SPAN 2 Dec 2019

Jonathan Turley on the Impeachment Process


George Washington University law professor Jonathan Turley responds to a viewer call during the Washington Journal on whether President Trump has to testify before Congress in the impeachment inquiry.

Watch the full video: c-span.org/video/?466447-4/washington-journal-jonathan-turley-discusses-impeachment-inquiry

From ‘stable genius' to ‘fake news,' President Donald Trump has contributed several distinct popular linguistic phrases into the general zeitgeist of the United States. Best-selling author Carol Leonnig examines the effect the president's words have had and continue to have on the country.

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Buying and selling stocks or bonds used to happen on the phone, in person, or in the packed trading pits in Chicago, New York and London. Prestigious investment banks boasted of trading desks the size of football-fields. Now, they're losing money on trading operations and laying off scores of traders.

The number of trading, sales and research jobs at the Top 12 banks in the United States have dropped precipitously in the last nine years. In 2010, those big banks employed about 21,000 people who worked in equities — or stocks — and 27,800 people who worked with fixed income, or bonds, according to research firm Coalition.

By the third quarter of 2019, those banks employed about 16,000 people in each category, a drop of about 5,400 jobs in equities and nearly 11,600 in bonds.

The shift to electronic trading and passive investing are big culprits behind the trend. Now more and more big Wall Street names are finding it harder and harder to make money from trading. The rise of passive investing and algorithmic trading are squeezing profits in the trading business to razor thin margins.
So what's happening to Wall Street's once prestigious trading profession?
With his father Dell on the broadcast and his mother in the stands, Seth Curry has a night to remember in his hometown of Charlotte against the Hornets, finishing with 26 points and drilling his first 10 shots to lead the Dallas Mavericks to a road victory. Curry also passes his brother, Steph, for career 3-point percentage for active NBA players.
Democratic candidates traded attacks on the campaign trail, with Joe Biden, Pete Buttigieg and Bernie Sanders all taking aim. Sanders is currently leading in the New Hampshire polls with the primary just days away.

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