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Commercial Awareness Update - April 2019!
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<blockquote data-quote="Angel" data-source="post: 10657" data-attributes="member: 980"><p><strong><u>The Mueller Report ([USER=980]@Angel[/USER])</u></strong></p><p></p><p><strong>The Story </strong></p><p></p><p>Two years ago, American lawyer and government official, Robert Mueller, was appointed as a special counsel to investigate the Russian meddling into the 2016 U.S. election campaign. As a special counsel, Mueller would somewhat be independent from the Department of Justice’s usual chain of command even though he is still ultimately under the DOJ’s supervision. This investigation came to an end in March 2019. </p><p></p><p>The Mueller Report is focussed on the findings of two main matters. First, on the alleged Russian attempts to disrupt the 2016 election (often shorthanded as ‘obstruction<strong>’</strong>). Second, on whether Trump’s associates were involved with the Russian interreference in the 2016 campaign (often shorthanded as ‘collusion’), and if any financial crimes were committed by them. These investigations probed into the links and contacts between the people associated with the Trump campaign and the Russian government, and the handing over of campaign polling data from the Trump campaign chair to a Russian associate to enhance Russia’s interests. </p><p></p><p>Upon completion of the 400-pages report, only a redacted 4-pages summary containing the ‘principal conclusions’ of the report were disclosed to key members of Congress by Attorney General Willliam Bar. The full report has yet to be made available to the public despite the public and parliamentary pressure to do so. The conclusion from AG Barr was that special counsel Mueller ‘did not find that the Trump campaign or anyone associated with it conspired or coordinated with Russia in its efforts to influence the 2016 U.S presidential election.’.</p><p></p><p><strong>Impact on businesses and law firms</strong></p><p></p><p>Prior to the release of AG Barr’s summary of the Mueller report, the views on the effects of the report on markets are diverse. While some sees it as a relieve to a persistent concern for the past two-years, others expected a more disastrous outcome. Some strategists and political analysts speculated that the report risks causing uncertainty to President Trump’s administration, which may make investors lose confidence in the US government’s tax and regulatory agenda. This would cause adverse market reaction which may, in turn, potentially encourage the US government to take actions that may be unwelcoming to the market in order to distract the public from the report’s contents. For a detailed explanation, see <a href="https://www.marketwatch.com/story/will-the-mueller-report-roil-the-stock-market-heres-what-it-would-take-2019-03-21" target="_blank">https://www.marketwatch.com/story/will-the-mueller-report-roil-the-stock-market-heres-what-it-would-take-2019-03-21</a>.</p><p></p><p>Interestingly, the report has not in fact had much effects on the market since it was announced. Although the report clearly states that it ‘does not exonerate’ President Trump, its findings based on AG Barr’s summary is arguably a major political victory to President Trump. That is, while the legal jeopardy is not yet completely gone, analysts agreed that it is significantly decreased, and the chances of having the POTUS removed from office on grounds of impeachment is further reduced. (Note: impeachment is a process in which Congress (the lower chamber of the US legislative body) can put certain officials, including the President, on trial for a broad scope of offences provided in the US Constitution).</p><p></p><p>The conclusion of this report is somewhat a closure to the matter for now, which may explain the modest market impact. The closure would arguably provide more time for Congress to focus on other important political and legislative agenda such as the US-China trade talks and budget planning.</p></blockquote><p></p>
[QUOTE="Angel, post: 10657, member: 980"] [B][U]The Mueller Report ([USER=980]@Angel[/USER])[/U][/B] [B]The Story [/B] Two years ago, American lawyer and government official, Robert Mueller, was appointed as a special counsel to investigate the Russian meddling into the 2016 U.S. election campaign. As a special counsel, Mueller would somewhat be independent from the Department of Justice’s usual chain of command even though he is still ultimately under the DOJ’s supervision. This investigation came to an end in March 2019. The Mueller Report is focussed on the findings of two main matters. First, on the alleged Russian attempts to disrupt the 2016 election (often shorthanded as ‘obstruction[B]’[/B]). Second, on whether Trump’s associates were involved with the Russian interreference in the 2016 campaign (often shorthanded as ‘collusion’), and if any financial crimes were committed by them. These investigations probed into the links and contacts between the people associated with the Trump campaign and the Russian government, and the handing over of campaign polling data from the Trump campaign chair to a Russian associate to enhance Russia’s interests. Upon completion of the 400-pages report, only a redacted 4-pages summary containing the ‘principal conclusions’ of the report were disclosed to key members of Congress by Attorney General Willliam Bar. The full report has yet to be made available to the public despite the public and parliamentary pressure to do so. The conclusion from AG Barr was that special counsel Mueller ‘did not find that the Trump campaign or anyone associated with it conspired or coordinated with Russia in its efforts to influence the 2016 U.S presidential election.’. [B]Impact on businesses and law firms[/B] Prior to the release of AG Barr’s summary of the Mueller report, the views on the effects of the report on markets are diverse. While some sees it as a relieve to a persistent concern for the past two-years, others expected a more disastrous outcome. Some strategists and political analysts speculated that the report risks causing uncertainty to President Trump’s administration, which may make investors lose confidence in the US government’s tax and regulatory agenda. This would cause adverse market reaction which may, in turn, potentially encourage the US government to take actions that may be unwelcoming to the market in order to distract the public from the report’s contents. For a detailed explanation, see [URL]https://www.marketwatch.com/story/will-the-mueller-report-roil-the-stock-market-heres-what-it-would-take-2019-03-21[/URL]. Interestingly, the report has not in fact had much effects on the market since it was announced. Although the report clearly states that it ‘does not exonerate’ President Trump, its findings based on AG Barr’s summary is arguably a major political victory to President Trump. That is, while the legal jeopardy is not yet completely gone, analysts agreed that it is significantly decreased, and the chances of having the POTUS removed from office on grounds of impeachment is further reduced. (Note: impeachment is a process in which Congress (the lower chamber of the US legislative body) can put certain officials, including the President, on trial for a broad scope of offences provided in the US Constitution). The conclusion of this report is somewhat a closure to the matter for now, which may explain the modest market impact. The closure would arguably provide more time for Congress to focus on other important political and legislative agenda such as the US-China trade talks and budget planning. [/QUOTE]
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