DW News
DW News 8 Jan 2021

What's the economic fallout of the Capitol Hill riot?


The fallout continues from Wednesday's mob-attack on the US Capitol by supporters of Donald Trump. Several of the president's aides and two cabinet members have resigned, and there are increasingly loud calls for him to be removed from office.
Five people - including a police officer - have now died as a result of the violent protests, and at least 68 have been arrested. Trump had encouraged supporters to march on the Capitol building, where a joint-session of Congress was certifying Joe Biden as President Elect.
US industry groups and chief executives from some of the nation's largest companies have called on President Trump and other officials to put an end to the unrest and deliver a peaceful transition of power.
The Business Roundtable group of chief execs tweeted: "The chaos unfolding in the nation's capital is the result of unlawful efforts to overturn the legitimate results of a democratic election. The country deserves better."
The National Association of Manufacturers has also commented. It called those who stormed the Capitol "armed thugs" - and urged Vice President Mike Pence to "seriously consider working with the Cabinet to invoke the 25th Amendment to preserve democracy." The 25th Amendment allows members of the president's cabinet to remove the president from power.

As the Brexit transition period comes to an end, Sky's Economics Editor Ed Conway looks at the economic impact of the UK's departure from the European Union.
House Democrats are raising concern over safety measures on Capitol Hill after three lawmakers tested positive for COVID-19 following last week's deadly assault. All three had received their first dose of a coronavirus vaccine in recent weeks. Dr. Leo Nissola, a medical expert and immunotherapy scientist, joins CBSN to discuss what this tells us about the protection of a single jab.

CBSN is CBS News' 24/7 digital streaming news service featuring live, anchored coverage available for free across all platforms. Launched in November 2014, the service is a premier destination for breaking news and original storytelling from the deep bench of CBS News correspondents and reporters. CBSN features the top stories of the day as well as deep dives into key issues facing the nation and the world. CBSN has also expanded to launch local news streaming services in major markets across the country. CBSN is currently available on CBSNews.com and the CBS News app across more than 20 platforms, as well as the CBS All Access subscription service.
Companies in the Netherlands are concerned about the financial fallout of a hard Brexit.
It will cost the Dutch economy an estimated 17.5 billion euros ($21bn) in lost exports, and around 70,000 jobs.
And there are fears delays at ports could become even longer.
Al Jazeera's Step Vaessen reports from Rotterdam.
Former Defense Secretary William Cohen joins Andrea Mitchell to discuss the Capitol Hill riots. He puts the rage from the crowds in the context of the history of racism in the America, saying, "Now we're seeing the white backlash or 'whitelash' as it's called...What is the basis of all of the rage? It's because white people have come to the conclusion that the playing field that has been so uneven in the past is now being leveled." Aired on 01/11/2021.

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