Stocks falling as Bernie rises. Coincidence?

Sanders laughs at idea he’s causing stocks to tumble
By Eric Bradner
CNN
Bernie Sanders laughed Sunday at the notion that his surging Democratic presidential candidacy has caused stocks to falter.
ABC’s “This Week” host Martha Raddatz asked Sanders about Blackstone CEO Steve Schwarzman’s argument that financial markets are unsettled because of Sanders, China’s slowdown and global geopolitical risk.
As Sanders laughed, Raddatz pressed him on the impact a declining stock market has on retirement and pension funds.
“The reason that I am laughing is that I fully admit to having a big ego, like many other politicians,” Sanders said. “But the idea that Bernie Sanders’ candidacy, because that it has growing support all over this country, is unsettling world markets, is absolutely absurd.”
Sanders said that he is, though, “getting the attention of Wall Street” with his calls to break up big banks and reinstitute a Depression-era law repealed under Bill Clinton that once separated commercial and investment banks.
“Wall Street’s greed and recklessness and illegal behavior drove this economy into the worst recession since the Great Depression. Millions of people lost their homes, their life savings, and their jobs. And, yes, I believe that we have to break up the major financial institutions. We have to re-establish Glass-Stegall,” Sanders said.
He added: “And that we are now gaining the attention of Wall Street tells me that our campaign is doing very well.”
Sanders also brushed off the endorsements that Democratic rival Hillary Clinton has picked up in recent weeks — including the support of the Des Moines Register, Iowa’s biggest newspaper, just ahead of the state’s February 1 caucuses.
Sanders said that’s another sign of his campaign’s success.
“We are taking on the entire establishment. We are taking on the economic establishment, we’re taking on the political establishment, and all due respect, we are taking the media establishment,” he said.
He also said that organizations that allow their members to vote on endorsements — including MoveOn.org — are actually supporting him.
“I expect that Secretary Clinton will get a lot of the endorsements from mainstream media, but I have the endorsement, and I’m very proud to say, of 2.5 million individual contributions to my campaign,” Sanders said.

The-CNN-Wire ™ & © 2016 Cable News Network, Inc., a Time Warner Company. All rights reserved.

Rep. Tom McClintock: Mueller’s lackluster performance no surprise

Rep. Tom McClintock: Mueller’s lackluster performance no surprise

Former special counsel Robert Mueller’s testimony before the House Judiciary Committee and House Intelligence Committee Wednesday did not rock anyone’s boat. Mueller frustrated members on both sides with vague or deflective responses. Tom McClintock, a Republican Congressman from Northern California and a House Judiciary Committee member, was not impressed. “It became very clear, very quickly,…Continue Reading

The Ridgecrest Quake-3% Chance of a Mag 7 Again this Week Says USGS

The Ridgecrest Quake-3% Chance of a Mag 7 Again this Week Says USGS

Updated: Ridgecrest quake damage not as severe as first thought…There is a high probability that more aftershocks will follow; There are no reports of serious damage in Los Angeles related to tonight’s earthquake. No infrastructure damage or injuries have been reported in Beverly Hills, Costa Mesa, Glendale, Long Beach and Santa Monica. Continue Reading

Trump on possible Iran response: You’ll find out.

Trump on possible Iran response: You’ll find out.

President Donald Trump speaks to the media in the wake of Iran shooting down an American drone. By Joshua Berlinger, Mohammed Tawfeeq, Barbara Starr, Shirzad Bozorgmehr and Frederik Pleitgen, CNN Iran shot down a United States military drone on Thursday, further escalating the already volatile situation playing out between Washington and Tehran in the Middle East. Iran’s Revolutionary Guard…Continue Reading