Impeachment grips the White House, and Wall Street fears Elizabeth Warren

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VIEW IN BROWSER | SUBSCRIBE FRI, SEP 27, 2019 CNBC POLITICS EDITOR'S NOTE Hello readers,   After all the scandals, all the investigations, all the outrage, President Trump is now facing a real impeachment threat.   It felt like it came out of nowhere. Rudy Giuliani, the president's personal lawyer, has been pushing for months a narrative about Joe Biden allegedly abusing power as vice president to help his son in Ukraine. It seemed like a story that could simmer and eventually end up hurting Biden. In that respect, it would be not unlike the story about Hillary Clinton's email servers in 2016.   But things took a dramatic turn this week after it became clear that a whistleblower alleged that the president was trying to get Ukraine to interfere with the 2020 election – and that the White House tried to cover it up. There have been many weeks during Trump's presidency that felt pivotal. This might have been the biggest one yet, and there is still more than a year to go until November 2020.   Speaking of which, Elizabeth Warren's chances of facing Trump in the general election continue to rise. She has surged in the polls on a wave of policy proposals targeting banks, corporations and the wealthy. Wall Street, as you can imagine, have taken notice – and they're not happy. In fact, as CNBC's Brian Schwartz reports, Democratic donors on the Street are in an uproar about the prospect of a ticket headed by Warren in 2020.    In case it wasn't clear before how worried bankers and other big money players were about Warren, consider that a private equity executive said this a day after House Speaker Nancy Pelosi announced a formal impeachment inquiry into Trump: "You're in a box because you're a Democrat and you're thinking, 'I want to help the party, but she's going to hurt me, so I'm going to help President Trump.'"   Thanks for reading. Have a great weekend.   Have friends or colleagues who might like this newsletter? They can sign up here. For more on the intersection of business and politics, sign up for the weekly Capital Exchange newsletter here. Mike Calia @Michael_Calia KEY STORIES  An alleged cover-up, a secret server and more bombshells in Trump whistleblower complaint The whistleblower says senior White House officials intervened to "lock down" records of Trump's call with Ukraine's president. Wall Street Dems warn the party: We'll sit out, or back Trump, if you nominate Warren In recent interviews of big-money Democratic donors, CNBC has found this opinion is becoming widely shared as Warren surges against Joe Biden. China trade talks are set to resume October 10 Chinese Vice Premier Liu He will be representing the delegation from Beijing, sources told CNBC. Senate passes short-term funding bill to dodge government shutdown The continuing resolution funds the government through Nov. 21, setting up another potential showdown over spending just a week before Thanksgiving. Pentagon to deploy Patriot missile system to Saudi Arabia after Iran oil attacks The Pentagon announced that the U.S. will send a Patriot missile battery, radars and roughly 200 support personnel to Saudi Arabia in the wake of the attacks on its oil facilities earlier this month. Acting intel chief won't say if he talked to Trump about whistleblower complaint Joseph Maguire's demurral came during testimony before the House Intelligence Committee, days after an impeachment inquiry was sparked by President Donald Trump's suspected effort to get Ukraine to damage Joe Biden's presidential campaign. Trump warns again that the stock market would crash if he is impeached The president, agitated by the House's impeachment inquiry, warned yet again that markets would not take it well if he were impeached. Latinos may be the key to future US economic growth, study argues GDP among U.S. Latinos increased to $2.3 trillion in 2017, up from $1.7 trillion in 2010, the study finds.       Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS