Former President Donald Trump has been indicted for a second time, with charges linked to Trump's handling of classified documents after he left the White House. Yahoo Finance spoke to experts, analysts, and reporters regarding the impact on Trump's presidential bid and the market outlook.
Yahoo Finance's Jennifer Schonberger broke down the charges against Trump. Schonberger said, "Federal prosecutors unsealing an indictment, outlining 37 charges against former President Donald Trump for mishandling classified documents after leaving office."
Longtime Democratic strategist James Carville discussed the indictment and what it means for 2024. Carville said, "It seems to me that any Republican who veers into thinking this is a serious issue that compromises national security is not going to fare very well among other Republicans ... the politics of it are going to be just stupendous to watch."
Yahoo Finance senior columnist Rick Newman did not think the new indictment will have an impact on Republican voters or the markets. Newman said, "Amazingly, this does not really hurt Trump among Republican voters ... this is probably a reasonably good outlook for markets."
Bloomberg Opinion columnist John Authers shared a similar view on the state of the market. Authers said, "If the stock market is right ... whether he's indicted or not isn't going to make much of a difference."
00:00:03 - Yahoo Finance's Jennifer Schonberger
00:00:19 - Political strategist James Carville
00:00:45 - Yahoo Finance senior columnist Rick Newman
00:01:17 - Bloomberg Opinion columnist John Authers
JENNIFER SCHONBERGER: Federal prosecutors unsealing an indictment outlining a 37 charges against former President Donald Trump for mishandling classified documents after leaving office and then blocking the government's attempts to try to recover those documents.
JAMES CARVILLE: I'm more interested in the political ramifications of this. And it seems to me that any Republican who veers into thinking that this is a serious issue that compromises national security is not going to fare very well among other Republicans. And I think that's one of the more interesting aspects of this case. The politics of it are going to be just stupendous to watch.
RICK NEWMAN: Somewhat amazingly this does not really hurt Trump among Republican voters. He retains a sizable lead in the polls. And in some ways, this seems to benefit him among his supporters. He may end up convicted of crimes by the time the election has actually held in November of 2024. How do we spin this forward for the market? This is probably a reasonably good outlook for markets. If it's Biden, markets are good. And if it's another Republican, Republicans generally are friendly toward markets and toward businesses. So I think that's pretty good, too.
JOHN AUTHERS: If the stock market is right, we've really still got a stock market rallying by the end of next year. And inflation has come down immediately to 2%. So by that point-- and there isn't terrible unemployment-- whether he's indicted or not isn't going to make much difference.