News Wrap: Chelsea Manning released from prison
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JOHN YANG: Lisa Desjardins on Capitol Hill keeping up with these events that are fast-breaking, thank you very much, Lisa.
In the day’s other news: Wall Street had its worst day since September, amid investors worries that turmoil engulfing the president will block swift passage of his agenda. The Dow Jones industrial average lost more than 370 points to close back near 20600. The Nasdaq fell 158 points, and the S&P 500 dropped 43. The dollar also slipped again, wiping out all its gains since the election.
Max Wolff is watching all this for the investment firm 55 Capital.
MAX WOLFF, 55 Capital: A significant part of what’s produced the six-month market rally is the notion that we’re going to have radical deregulation, particularly, but not exclusively, around financial issues, and we’re going to have massive tax cuts, particularly, but not exclusively, for large companies.
The weaker the president is, the less likely you are to get those tax cuts, and some of those premiums start coming out of the market.
JOHN YANG: Investors sought refuge today in gold and the treasury market.
Army Private Chelsea Manning was released from prison today, after serving seven years of a 35-year sentence for giving thousands of secret documents to WikiLeaks. President Obama had granted her clemency. Manning posted a picture of her feet, captioned “First steps of freedom,” after leaving Fort Leavenworth Prison in Kansas. The transgender soldier was known as Bradley Manning before transitioning while in prison.
President Trump will hold off his campaign promise to move the U.S. Embassy in Israel to Jerusalem. The Palestinians strongly oppose it, and now CNN, Reuters and others report that Mr. Trump has decided not to announce it when he’s in Israel next week. Reuters quotes a senior U.S. official as saying the president still does want to move the embassy from Tel Aviv sometime in the future.
Washington, D.C., police are pursuing charges in the violent attacks on protesters outside the Turkish ambassador’s residence. It happened Tuesday evening as the Turkish president was in town. Twelve people were injured, and two were arrested. Witnesses say that President Erdogan’s security detail attacked demonstrators, as police tried to intervene.
The police chief said today that diplomatic immunity will not shield the Turkish president’s guards.
PETER NEWSHAM, Washington, D.C., Police Chief: That’s not something we will tolerate here in Washington, D.C. This is a city where people should be allowed to come and peacefully protest. We are going to pursue everything that’s within our legal power to hold the folks that were responsible accountable for their actions.
JOHN YANG: The State Department said today it’s communicating its concerns about the violence to the Turkish government in the strongest possible terms.
Arrests of suspected undocumented immigrants soared in the early months of the Trump administration. The U.S. Immigration and Customs Enforcement says that more than 41,000 people were arrested from January 22 to April 29. That’s up 40 percent over a year ago. At the same time, actual deportations fell 12 percent during the same period.
Crews in New Orleans removed another Confederate monument today. Workers used cranes to lift the statue of general P.G.T. Beauregard off its pedestal in the early morning hours. It was erected back in 1915. A statue of Robert E. Lee will be the last of four Confederate monuments to come down.
And a Texas teenager is the winner of this year’s National Geographic Bee. He’s 14-year-old Pranay Varada. He won the title in a sudden-death tiebreaker in Washington today. Varada wins a $50,000 scholarship, a lifetime membership in the National Geographic Society, and a trip to the Galapagos Islands.