
Browse content similar to 17/05/2017. Check below for episodes and series from the same categories and more!
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Hello, I'm Ros Atkins, this is Outside Source. | :00:07. | :00:08. | |
The pressure is mounting on Donald Trump as he faces | :00:09. | :00:10. | |
the most serious allegations of his Presidency. | :00:11. | :00:13. | |
He's accused of trying to stop an FBI investigation | :00:14. | :00:15. | |
into links between his former National Security | :00:16. | :00:17. | |
But the President has come out fighting. | :00:18. | :00:24. | |
No politician in history - and I say this with great surety - | :00:25. | :00:27. | |
has been treated worse or more unfairly. | :00:28. | :00:35. | |
Leading Democrats are now demanding an independent commission | :00:36. | :00:37. | |
into the Trump team's links with Russia. | :00:38. | :00:39. | |
TRANSLATION: We are prepared to provide the Senate and the US | :00:40. | :00:47. | |
congress with a transcipt of the conversation | :00:48. | :00:53. | |
between our Foreign Minister and President Trump. | :00:54. | :00:59. | |
It is reasonable to say Vladimir Putin enjoyed making that offer. | :01:00. | :01:01. | |
That offer comes on the back of claims that Donald Trump leaked | :01:02. | :01:04. | |
classified information to the Russians last week. | :01:05. | :01:06. | |
We'll be live in Washington for more on all those developments. | :01:07. | :01:11. | |
Any questions you've got, the hashtag is #BBCOS. | :01:12. | :01:17. | |
US soldier Chelsea Manning has been freed from jail. | :01:18. | :01:20. | |
We'll report from the military prison where she was held for seven | :01:21. | :01:22. | |
years for passing thousands confidential documents to Wikileaks. | :01:23. | :01:24. | |
And Emmanuel Macron has unveiled his new gender-balanced Cabinet chosen | :01:25. | :01:27. | |
We'll find out who's in his top team. | :01:28. | :01:43. | |
It is not a statement to -- an overstatement to say there is next | :01:44. | :01:59. | |
essential threat to the Trump per 70. That is not to say that Mr Trump | :02:00. | :02:04. | |
has done anything wrong, but there are profound and pressing about his | :02:05. | :02:06. | |
conduct. Let's start by considering | :02:07. | :02:09. | |
the last eight days. Last Tuesday Donald Trump fired FBI | :02:10. | :02:14. | |
Director James Comey. Mr Trump said he was | :02:15. | :02:16. | |
doing a bad job. He was also in charge of the FBI | :02:17. | :02:18. | |
investigation into collusion between the Trump campaign | :02:19. | :02:21. | |
team and Russia. The next day Mr Trump met Russia's | :02:22. | :02:23. | |
foreign minister and the Russian Fast forward to Monday | :02:24. | :02:25. | |
and the Washington Post It alleged Donald Trump | :02:26. | :02:28. | |
shared classified And that intelligence officials were | :02:29. | :02:43. | |
shocked and concerned at what the president had done. | :02:44. | :02:44. | |
The next morning, Donald Trump confirmed | :02:45. | :02:46. | |
information had been shared - but said it was appropriate. | :02:47. | :02:49. | |
While that political maelstrom played out, | :02:50. | :02:50. | |
the New York Times entered the fray yesterday. | :02:51. | :02:57. | |
Its story claimed a memo written by James Comey after a meeting | :02:58. | :03:00. | |
with the President details Mr Trump saying, "I hope | :03:01. | :03:02. | |
That is referring to the investigation into Michael Flynn. | :03:03. | :03:24. | |
That is with reference to these Flynn investigation. Allegedly | :03:25. | :03:27. | |
asking for an investigation to be let go. | :03:28. | :03:28. | |
Even for a man for whom controversy is a constant companion, | :03:29. | :03:32. | |
Look at the way I have been treated lately. Especially by the media. No | :03:33. | :03:51. | |
politician in history, and I say this with great surety, has been | :03:52. | :03:59. | |
treated worse or more unfairly. You can't let them get you down. You | :04:00. | :04:04. | |
can't let the critics and the naysayers get in the way of your | :04:05. | :04:06. | |
dreams. We have spoken to you about any | :04:07. | :04:16. | |
number of pressures on the president in recent months, am I right in | :04:17. | :04:21. | |
saying this is different? It is very different, I have been here on the | :04:22. | :04:26. | |
Hill all day speaking to senators. Republicans and Democrats have both | :04:27. | :04:30. | |
told me this is the most serious allegation against the president yet | :04:31. | :04:34. | |
because it does not involve just an error of judgment, it could stray | :04:35. | :04:38. | |
into the realms of obstruction of justice. That, of course, is a | :04:39. | :04:44. | |
criminal accusation. We have not got there yet and it is very difficult | :04:45. | :04:48. | |
to prove because you have to prove intent. Certainly it is increasing | :04:49. | :04:55. | |
calls from the Democrats for possible impeachment if it is proved | :04:56. | :05:00. | |
true. There is a real sea change, there has been a lot of | :05:01. | :05:04. | |
embarrassment for the Republicans, lots of I wish he had not said that | :05:05. | :05:09. | |
in that way from the Republicans, but this is very, very different. | :05:10. | :05:14. | |
Jane, we would like to explore that a bit more in a moment. As she was | :05:15. | :05:20. | |
to, until now President Trump has had a political firewall around him, | :05:21. | :05:26. | |
the Republicans control both houses of Congress but cracks are beginning | :05:27. | :05:31. | |
to show. Some Republicans are calling for an independent | :05:32. | :05:34. | |
prosecutor to be appointed at one has suggested Mr Trump should be | :05:35. | :05:38. | |
impeached if the allegations are true, a Democrat has already called | :05:39. | :05:44. | |
for him to be impeached. There is a feverish atmosphere in Washington. | :05:45. | :05:47. | |
Before we go back there, here are some of the main statements. It is | :05:48. | :05:54. | |
not too late that the administration needs to take stock of what it is | :05:55. | :05:58. | |
doing and the president needs to listen to his advisers and better | :05:59. | :06:04. | |
appreciate the nuances of government and the different roles that the | :06:05. | :06:09. | |
three branches of government play. We need the facts. It is obvious | :06:10. | :06:16. | |
people out there want to harm the president, but we have an obligation | :06:17. | :06:19. | |
to carry out our oversight regardless of which party is in the | :06:20. | :06:23. | |
White House, meaning that before rushing to judgment we get all the | :06:24. | :06:27. | |
pertinent information. It seems like we are learning | :06:28. | :06:31. | |
disturbing new allegations about President Trump, not just everyday | :06:32. | :06:36. | |
but, ladies and gentlemen, every hour. In the house, Republicans have | :06:37. | :06:44. | |
shown repeatedly that they refuse to conduct credible, robust oversight | :06:45. | :06:47. | |
over this president. A US Senate panel is investigating | :06:48. | :06:50. | |
both the alleged Russian -- U.S. Senate panel is requesting | :06:51. | :07:03. | |
that James Komi testifies before its members. Now look at this, a | :07:04. | :07:11. | |
Republican member of Congress saying that the part of the Congress that | :07:12. | :07:18. | |
he represents also wants to speak to the former director. So both houses | :07:19. | :07:24. | |
of Congress want to speak to him. Jane, I guess this means we will get | :07:25. | :07:28. | |
a lot closer to understanding what was said or what is in the memo if | :07:29. | :07:33. | |
it exists? That is the idea but I think there is a real irony that FBI | :07:34. | :07:40. | |
Director James Comey was sacked by Donald Trump in parts because he | :07:41. | :07:45. | |
considered him a showboat. He is out of the job but Republicans and | :07:46. | :07:49. | |
Democrats, lawmakers, still want to speak to him. He is the man of the | :07:50. | :07:54. | |
moment who holds the answers to lots of these questions swirling around | :07:55. | :07:59. | |
Washington, the biggest one is what's did the president say? A | :08:00. | :08:02. | |
couple of other things going on, we have heard in the last hour or so | :08:03. | :08:08. | |
that a couple of candidates for the new job of director of the FBI will | :08:09. | :08:12. | |
be in the White House in the next hour. Of course, getting a | :08:13. | :08:17. | |
replacement for James Comey will be tough, Democrats say it is just not | :08:18. | :08:22. | |
going to happen because there is so much contention about the whole | :08:23. | :08:27. | |
thing. Interesting movements. And demands for members, e-mails, | :08:28. | :08:32. | |
anything documenting conversations that Mr Comey had with Mr Trump at | :08:33. | :08:38. | |
any moment, congressmen want to hear about that. A lot going on and a lot | :08:39. | :08:41. | |
of fact gathering at the moment. Thank you, Jane. | :08:42. | :08:47. | |
Jane mentioned he might take over from James Comey. Sean Spicer, the | :08:48. | :08:54. | |
press secretary for the White House, saying the president will meet | :08:55. | :08:59. | |
Andrew McCabe, the current acting FBI director, former Oklahoma | :09:00. | :09:05. | |
Governor Frank Keating, former Connecticut Senator Joe Lieberman | :09:06. | :09:09. | |
and former senior FBI official Richard McCready. Anthony Zurcher is | :09:10. | :09:15. | |
in the Washington News you. Those four candidates, are you surprised | :09:16. | :09:24. | |
at them? I am. Frank Keating was a former FBI agent and governor of | :09:25. | :09:27. | |
Oklahoma but he has been out of the political scene for quite some time, | :09:28. | :09:32. | |
I believe he was on the board of Regents at University of Oklahoma, | :09:33. | :09:35. | |
so that is plugging a name from nowhere. Joe Lieberman was on | :09:36. | :09:40. | |
everyone's rips back in the early 2000s, he was Al Gore's vice | :09:41. | :09:47. | |
president shall nominee when Al Gore had Democratic nomination. He became | :09:48. | :09:50. | |
persona non grata in the Democratic party over his support for the Iraq | :09:51. | :09:54. | |
war, he lost a primary and had to run as an independent and he has | :09:55. | :10:00. | |
been a think tank guy and law firm board. The others are current or | :10:01. | :10:07. | |
past FBI agents. McCabe is the acting FBI director since Comey was | :10:08. | :10:14. | |
fired. I think there will be a lot of resistance to use and former | :10:15. | :10:19. | |
politicians like Lieberman, I'd have heard from some Democrats saying | :10:20. | :10:24. | |
those names are non-starters. Democrats particularly seasonably | :10:25. | :10:27. | |
from the law-enforcement community, someone with a real independent | :10:28. | :10:32. | |
streak that has grounding within the agency. I will be curious to see if | :10:33. | :10:37. | |
they are really the finalists or if one of the earlier names pops up | :10:38. | :10:43. | |
again. Another thing I wanted to ask you about, this is an online | :10:44. | :10:49. | |
magazine called The Federalist, one of its headlines is Tips For Reading | :10:50. | :10:59. | |
Washington Post Articles About Trump With Tip Of Strong Anonymous | :11:00. | :11:04. | |
Sources. It says do not trust anonymous sources. Unless someone is | :11:05. | :11:08. | |
willing to put his or her name with the league, beyond God. Lots of | :11:09. | :11:11. | |
these stories have been based anonymous sources. -- unless someone | :11:12. | :11:17. | |
is willing to put his or her name with the leak, be on guard. Many | :11:18. | :11:21. | |
people are saying why trust this league, we do not know where it | :11:22. | :11:26. | |
comes from? It is journalism 101, if you can get a named source that is | :11:27. | :11:31. | |
much better than an anonymous source, if you are going to cite | :11:32. | :11:34. | |
someone anonymously you'd have a good reason, whether it is because | :11:35. | :11:38. | |
they are afraid of repercussions from superiors or some other reason, | :11:39. | :11:45. | |
fallout from what they are sharing. Sometimes all you can get is | :11:46. | :11:49. | |
anonymous sources, if you have further information to back them up | :11:50. | :11:53. | |
then you run with them, if you have multiple sources from different | :11:54. | :11:56. | |
areas saying the same thing, that is a way to flesh out the reporting. It | :11:57. | :12:02. | |
is a question of trust in the media, the reason that lots of | :12:03. | :12:06. | |
conservatives doubt this is they think the mainstream media, the New | :12:07. | :12:09. | |
York Times and Washington Post, they have an agenda so they are using | :12:10. | :12:13. | |
anonymous sources to advance that agenda. Once again I think it goes | :12:14. | :12:20. | |
back to the partisan divide. Thank you, Anthony. | :12:21. | :12:26. | |
The Washington Post story alleged the information had been shared, Mr | :12:27. | :12:32. | |
Trump agrees that it had. The disagreement was not about whether | :12:33. | :12:35. | |
it happened but whether it was appropriate. With reference to the | :12:36. | :12:39. | |
New York Times story, based on an anonymous source, both houses of | :12:40. | :12:43. | |
Congress want to speak to James Comey, the man who allegedly wrote | :12:44. | :12:48. | |
that memo and allegedly said the president asked him to deal with the | :12:49. | :12:51. | |
Michael Flynn inquiry. We shall find out from him whether he agrees with | :12:52. | :12:58. | |
the New York Times report. Don't for a moment think that is it. | :12:59. | :13:01. | |
To make things murkier, Russia is denying that any | :13:02. | :13:03. | |
confidential information was shared in that meeting in the Oval Office. | :13:04. | :13:06. | |
And President Putin commented earlier. | :13:07. | :13:13. | |
TRANSLATION: We are prepared to provide the Senate and the US | :13:14. | :13:19. | |
Congress with a transcript of the conversation between Foreign | :13:20. | :13:21. | |
Minister and President Trump, but only if the American administration | :13:22. | :13:22. | |
wanted. Yes, that's right - he's saying | :13:23. | :13:23. | |
he can provide a transcript. The Russian president saying he can | :13:24. | :13:33. | |
provide that for the US Congress about a discussion which took place | :13:34. | :13:36. | |
in the Oval Office of the White House. No wonder there was a twinkle | :13:37. | :13:37. | |
in his eye! He is quite right, we do not know if | :13:38. | :13:52. | |
there is a recording. It is not clear what Mr Putin's comments Meta, | :13:53. | :13:57. | |
you can be certain he was causing mischief. Here is Steve Rosenberg in | :13:58. | :14:01. | |
Moscow. You cannot help feeling that the | :14:02. | :14:05. | |
criminal absorbers. As the US administration staggers from one | :14:06. | :14:10. | |
crisis to another, all seemingly linked to Moscow, Russia is sitting | :14:11. | :14:15. | |
back and watching a political rival terror itself apart. President | :14:16. | :14:21. | |
Putin's comments were full of jokes, sarcasm and the downs. Among the | :14:22. | :14:30. | |
jokes he said he would have to reprimand his Foreign Minister | :14:31. | :14:32. | |
Sergei Lavrov, who met Donald Trump earlier this month, because he said | :14:33. | :14:35. | |
Mr Lavrov had not passed on the secrets he was allegedly given to Mr | :14:36. | :14:38. | |
Putin or the Russian secret services, he joked, and that was | :14:39. | :14:42. | |
very bad of Mr Lavrov, said Putin. There were many put-downs. He said | :14:43. | :14:47. | |
there was political schizophrenia in the United States, he said those | :14:48. | :14:50. | |
people in America spreading anti-Russian sentiments were either | :14:51. | :14:55. | |
stupid or dangerous and dishonest. He talked about the internal | :14:56. | :14:58. | |
political struggle in America. As for his offer to provide a | :14:59. | :15:05. | |
transcript of the meeting, to provide that to the Congress and the | :15:06. | :15:08. | |
Senate, I don't think you see Risley believes that if Russia was to | :15:09. | :15:13. | |
provide a transcript on Kremlin headed notepaper that it would make | :15:14. | :15:17. | |
the crisis go away. I think it was another attempt to have a dig at | :15:18. | :15:20. | |
America while the scandals were swirling around the lighthouse. -- | :15:21. | :15:23. | |
the White House. Stay with us on Outside Source - | :15:24. | :15:25. | |
still to come... There has been documentation of how | :15:26. | :15:36. | |
the damage to a liberal's electric system has affected the light | :15:37. | :15:39. | |
available to the people who live there. | :15:40. | :15:45. | |
Lloyds Bank, which was bailed out by the taxpayer at the height | :15:46. | :15:48. | |
of the financial crisis, has returned to full | :15:49. | :15:50. | |
It was confirmed to the Stock Exchange this morning | :15:51. | :15:53. | |
that the government has sold its last remaining | :15:54. | :15:57. | |
The bank says taxpayers made a profit out of the deal. | :15:58. | :16:08. | |
We gave taxpayers money back, around ?900 million more which is, I think, | :16:09. | :16:16. | |
a big moment of pride. What changes for the bank as a result of today? | :16:17. | :16:21. | |
What do you do differently? It is a big moment of pride but then we go | :16:22. | :16:26. | |
back to our process, to help the country prosper. Six years ago we | :16:27. | :16:29. | |
designed a strategy which I thought was the right one which was to | :16:30. | :16:33. | |
refocus this bank back to the United Kingdom, helped the real economy, so | :16:34. | :16:38. | |
families and small and medium-size companies, focus our resources, | :16:39. | :16:41. | |
which were very scarce at the time, in helping Britain to recover. | :16:42. | :16:54. | |
We are live from the BBC Newsroom Live. President Trump has been | :16:55. | :17:10. | |
responding to reports that he is the FBI to end the inquiry into Michael | :17:11. | :17:14. | |
Flynn. He says he is being treated worse than any political leader in | :17:15. | :17:19. | |
history by the press. Some of the main stories from BBC World | :17:20. | :17:20. | |
Service... Nine people were injured in two | :17:21. | :17:36. | |
arrested outside the Turkish Embassy in Washington. A fight broke out | :17:37. | :17:39. | |
between enemies and supporters of President Erdogan. He had been | :17:40. | :17:46. | |
meeting with President Trump. That is from BBC Turkish. The Tornado in | :17:47. | :17:50. | |
western Oklahoma has destroyed hundreds toe dozens of homes and | :17:51. | :17:53. | |
killed at least one person. Police have told residents to stay home | :17:54. | :18:04. | |
until power is restored. Now the UK election campaign. | :18:05. | :18:05. | |
Just over two years ago, the Liberal Democrats | :18:06. | :18:07. | |
were the junior partner in the British coalition government. | :18:08. | :18:09. | |
Then came the 2015 vote, and electoral meltdown - | :18:10. | :18:12. | |
leaving them just eight parliamentary seats | :18:13. | :18:13. | |
On Wednesday, their leader Tim Farron launched | :18:14. | :18:21. | |
the manifesto which he hopes will bring voters back. | :18:22. | :18:24. | |
. At the heart it is that we do not just have to accept whichever deal | :18:25. | :18:43. | |
we get back from the Brexit negotiations were due, the British | :18:44. | :18:46. | |
people should have the final say, if you do not like what Theresa May | :18:47. | :18:51. | |
comes back with, you should have the right to votes Tremain. Three | :18:52. | :18:54. | |
quarters of younger people in this country voted to Remain, they are a | :18:55. | :18:58. | |
reminder of why there is so much dismay at what Theresa May plans to | :18:59. | :19:02. | |
do, the most extreme version of Brexit that Jeremy Corbyn and Ukip | :19:03. | :19:08. | |
backed as well. The Lib Dems are the only people offering hope that | :19:09. | :19:10. | |
Britain's future could be brighter and better. | :19:11. | :19:12. | |
Yes, you heard that right - he expects Theresa May's | :19:13. | :19:14. | |
Conservatives to win, and he wants the British | :19:15. | :19:16. | |
people to have another referendum on Brexit. | :19:17. | :19:28. | |
As with all of the main parties in this election, | :19:29. | :19:31. | |
you can find the whole Lib Dem manifesto online. | :19:32. | :19:33. | |
But let's take a quick look at some of the other headline promises. | :19:34. | :19:36. | |
Cannabis would be legalised and subject to taxation. | :19:37. | :19:38. | |
They have said that could generate to ?1 billion a year. The current | :19:39. | :19:42. | |
voting age is 18 in Britain. Young people would be able | :19:43. | :19:43. | |
to vote from the age of 16, and be offered state help to get | :19:44. | :19:46. | |
on the housing ladder. And a large part of the funding | :19:47. | :19:49. | |
would come from tax increases - including a penny in the pound | :19:50. | :19:52. | |
on income tax. Tom, good to have you on the | :19:53. | :20:01. | |
programme. Lots of policies that might attract younger voters, but it | :20:02. | :20:05. | |
is a bit of a gamble given that younger voters tend to turn up less | :20:06. | :20:10. | |
than others? The Lib Dems have dispatched with the idea of doing a | :20:11. | :20:14. | |
coalition deal with any other party, which is the thing that got them | :20:15. | :20:19. | |
into power in 2010. They have to find a new place for themselves, | :20:20. | :20:23. | |
this referendum deal where they are simply saying if you don't like the | :20:24. | :20:28. | |
deal that the British government does, you can votes against it and, | :20:29. | :20:32. | |
in effect, I think they hope there will be a big number of Leave voters | :20:33. | :20:37. | |
who suddenly decides they are not interested in leaving. I think Tim | :20:38. | :20:41. | |
Farron also hopes that the youth vote like that idea, lots of young | :20:42. | :20:46. | |
people did not votes in the referendum, they might not like the | :20:47. | :20:51. | |
idea of leaving the EU no, there this benefits and that it might | :20:52. | :20:55. | |
cause. The hope is that that will bring them on side. But when the Lib | :20:56. | :20:59. | |
Dems weren't Government they agreed to increase radically the cost of | :21:00. | :21:05. | |
going to university in the UK, the tuition fees, which was deeply | :21:06. | :21:10. | |
unpopular. I covered the rioting that happened in central London when | :21:11. | :21:15. | |
that was voted through Parliament. There was enormous anger. The | :21:16. | :21:19. | |
concern, I think, among Lib Dems is that some of those young people who | :21:20. | :21:23. | |
went through that period and now have big debts, they have been to | :21:24. | :21:28. | |
university, will not be interested in voting Liberal Democrat. Another | :21:29. | :21:33. | |
problem is that the Lib Dems is pushing away, potentially, voters | :21:34. | :21:36. | |
who did vote to leave the EU, they may well move to the Conservatives, | :21:37. | :21:40. | |
who currently have a big lead in the polls. With the Labour Party moving | :21:41. | :21:46. | |
to the left, the Conservatives moving to the right, you look at | :21:47. | :21:50. | |
France and the success of the centrist candidate like a Emmanuel | :21:51. | :21:53. | |
Macron, it is interesting that the Lib Dems are not making more ground | :21:54. | :21:58. | |
in the centre? Tim Farron gave a speech in London tonight to launch | :21:59. | :22:02. | |
the manifesto and said that if you look at the French elections, the | :22:03. | :22:07. | |
previous two main parties in France came third and fifth, leaving the | :22:08. | :22:11. | |
voters of France with a choice between Macron and the National | :22:12. | :22:16. | |
front. He said that was not something the Lib Dems were prepared | :22:17. | :22:19. | |
to stand for in the UK, they will continue the fight. Looking at the | :22:20. | :22:24. | |
manifesto, it is very similar in some ways to the Labour manifesto, | :22:25. | :22:31. | |
we will reverse the cuts to tax and spending that the Conservatives saw | :22:32. | :22:34. | |
through in 2010 onwards. Interestingly, with the help of the | :22:35. | :22:39. | |
Lib Dems, we will spend more on schools, hospitals, caring for the | :22:40. | :22:44. | |
elderly. It is fair to say the Liberal Democrat format is likely | :22:45. | :22:48. | |
less radical than Labour, which will do a lot more tax-and-spend than has | :22:49. | :22:53. | |
been popular or stunted in British politics in the last 20 years, but | :22:54. | :22:57. | |
it is quite similar. A couple of policies stand out. They are | :22:58. | :23:03. | |
planning to directly invest, the Government doing this, in | :23:04. | :23:08. | |
house-building. Housing problems are enormous, a lack of housing, | :23:09. | :23:11. | |
especially for young people. In general it is similar to Labour. | :23:12. | :23:16. | |
They are building the manifesto on the offer of a referendum, trying to | :23:17. | :23:20. | |
make in themselves a home for people who want to remain in the EU, saying | :23:21. | :23:26. | |
votes followers of that is what you want. Thank you, Tom. | :23:27. | :23:29. | |
Let's take a closer look at the fallout from the contorversy | :23:30. | :23:32. | |
surrounding Donald Trump in Washington. | :23:33. | :23:35. | |
BBC business tell us that the Wall Street stock markets fall as | :23:36. | :23:46. | |
political uncertainty intensifies. You can see the reflection of this | :23:47. | :23:47. | |
concern. This graph is Bloomberg's Dollar | :23:48. | :23:48. | |
Spot Index which measures how the US currency is doing against ten | :23:49. | :23:50. | |
leading global currencies. See how the dollar peaks in line | :23:51. | :23:58. | |
with Donald Trump's victory and inauguration and has been going | :23:59. | :23:59. | |
gently down ever since. Explain the correlation between | :24:00. | :24:08. | |
confidence in Donald Trump and a strong dollar? Generally people go | :24:09. | :24:13. | |
to the US dollar because it is seen as a very strong and stable place. | :24:14. | :24:19. | |
If you have money and want to keep it safe, keep it in the US dollar. | :24:20. | :24:24. | |
That confidence is eroding because of what has happened in Washington. | :24:25. | :24:29. | |
There are even words of possible impeachment being thrown around in | :24:30. | :24:33. | |
Washington with regards to what is happening with Donald Trump and the | :24:34. | :24:37. | |
reports that he may have suggested that he and the Federal | :24:38. | :24:40. | |
investigation into the former national security adviser Michael | :24:41. | :24:45. | |
Flynn and his ties to Russia. What is really worrying Wall Street with | :24:46. | :24:50. | |
regards to that is that it all acts as a distraction from the kinds of | :24:51. | :24:53. | |
things Wall Street wants to see, and that is tax reform and that big | :24:54. | :24:59. | |
spending for infrastructure. If he is paroled in all these other sagas, | :25:00. | :25:04. | |
lawmakers will not be able to put the attention to some of the | :25:05. | :25:06. | |
regulatory matters that Wall Street wants to see happen. It is not just | :25:07. | :25:13. | |
about the US currency falling, the markets have come back a bit from | :25:14. | :25:17. | |
the peaks we saw earlier in the year? Absolutely, US markets have | :25:18. | :25:22. | |
closed and we are seeing nothing but red across-the-board, the Dow Jones | :25:23. | :25:27. | |
and the other indexes have fallen by about 1.7 1.8%, the Nasdaq is down | :25:28. | :25:36. | |
by 2.5%. That said, we have not seen what we call a correction, pull back | :25:37. | :25:41. | |
from the markets, in a very long time. Some people say we are due | :25:42. | :25:46. | |
this sort of correction and this may be the impetus for that to happen. | :25:47. | :25:49. | |
Thank you for taking us through that. | :25:50. | :25:54. | |
I will be back in a couple of minutes with more Global News from | :25:55. | :25:55. | |
the BBC Newsroom Live. | :25:56. | :25:58. |