CNBC
June 8, 2017
President Donald Trump has lurched from self-created crisis to crisis, and his approval rating languishes in the latest polls between 35 percent and 40 percent, the lowest of any newly elected president since Gallup begin measuring it.
On Thursday, former FBI Director James Comey will provide testimony before the Senate on the circumstances surrounding his firing and allegations Trump tried to pressure him to lay off the Russia investigation.
That Comey testimony was released on Wednesday, and the markets seemed to take it in stride rather than reacting as if there were a “smoking gun.” But ever since the former FBI director’s firing, Wall Street has been ever so gingerly — with the caveat that the odds are long but it can’t be entirely ruled out — asking the question, Would a President Mike Pence be any better for the economy and for markets?
For now, hopes of Pence moving up to the Oval Office — whether those hopes are held by Republicans or Democrats — are mostly wishful thinking.
This article was posted: Thursday, June 8, 2017 at 6:53 am
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