earnings season is starting up also. a lot of companies have actually increased guidance here in the fourth quarter. [closing bell rings] we're looking for another solid earnings season with earnings up 25% which should justify, gains of 70% since the lows. maybe a little stretched. liz: got it. ryan dietrich. he is running with the bulls. that will do it for us. it is time for "after the bell." connell: we're watching this vote on capitol hill. lawmakers are currently taking their stand. they're voting whether to impeachment president trump for a second time. the charge? incitement of insurrection. it needs 217 votes for adoption. the vote is open on the floor right now. we expect to have it resolved sometime in our hour of coverage. we're watching that. wall street watches all day. tensions in washington certainly weighing on things. we're off the highs of the close. the dow needed to be up 29 points to set another record high. it was at one stage today, but closes lower by eight points.

the s&p 500 and the nasdaq both in the green with slight gains. quarter of 1% for the s&p .1 of% for tech stocks. welcome to the hour. i'm connell mcshane. this is "after the bell." time to get straight to the news that is happening at this hour. fox team coverage, blake burman at the white house, jackie deangelis in our newsroom in new york. we'll talk to jackie in a moment about the markets and business reaction what is happening in washington but we begin with you, blake, as this vote is underway on house floor. reporter: indeed, incitement of insurrection is what the house is taking up, which will lead impeachment of second time for president trump. if we can, connell, take the live picture of the house floor because it has the vote tally at the moment. take down the old video -- maybe they're talking about it right now. >> will vote nay on h.res. 24.

reporter: this is a live look. it is to pass momentarily. there are expected to be a handful of house republicans voting with house democrats. we heard from house speaker nancy pelosi. that is the tile i was talking about. four republicans so far vote along with 110 democrats. this here was the argument nancy pelosi laid out this afternoon against the president. >> we know that the president of the united states incited this insurrection, this armed rebellion against our common country. he must go. he is a clear and present danger to the nation that we all love. reporter: we did hear from president trump in the middle of this. he released this statement about the possibility of additional violence saying quote, in light of reports of more demonstrations i urge that there must be no violence, no law breaking, no vandalism of any kind. that is not what i stand for. that is not what i call for.

i call on all americans to help ease tensions and calm tempers. thank you. that was from president as debate was taking place. we heard from the top republican in house of representatives kevin mccarthy talk about what happened last week and the president's role. he laid blame squarely on the leader of his own party. >> the president bears responsibility for wednesday's attack on congress by mob rioters. he should have immediately denounced the mob when he saw what was unfolding. these facts require immediate action by president trump. accept his share of responsibility, quell the brewing unrest and insure president-elect biden is able to successfully begin his term. reporter: from the top republican. 433 members, connell in the house of representatives. this needs 217 to pass. you can see the total right now is at 121 and climbing. there is a handful of minutes left to go before they can tally up the final number, at least a

vote on that final number. this would eventually go over to the united states senate. one of the questions there, connell, when the senate would take this up on january 19th, the day before the 46th president, president-elect joe biden is sworn in, what would republican senators do at that point? we heard from the senate majority leader at this point, the top republican in the senate, mitch mcconnell. he did not rule out a conviction potentially of the president as relates to his vote. he said in a letter to his republican colleagues, while the press is full of speculation i have not made a final decision how i will vote. i intend to listen to the legal arguments when they are presented to the senate. when the president went this the first impeachment trial in the senate, mitch mcconnell, ally of the president was very clear in his comments at that point that the president should not be convicted. much different statement there from mcconnell earlier today. connell? connell: all right.

blake, if you would stand by for us on the north lawn. we may come back to you as we're watching the vote in real time. i want to take a moment to explain what is happening. things are a little bit different as we look at the house floor than quote, unquote, normal time. they're still operating under crone cron procedures there. when that vote count comes off the screen, i'm watching a similar feed in the studio, you don't see totals, a member is rising a designate they are reading the vote of another member who may not be there on the floor to vote. once that vote is read into the record, we get the feedback with numbers on the screen as the tally is entered in i suppose by the clerk. we're at 126 yeas right now for the president to be impeached for a second time as blake points out. 217 is the quote-unquote magic number. moving in that direction, expected to get to that point, according to public comments, seven members of the house expected to vote in favor of

impeachment. karl rove joins us former advisor to president george w. bush and also fox contributor live from austin, texas. your thoughts, today, karl, as looks like the president will be the first of 45 to be impeached twice. >> yes, that's right. and extraordinary moment. it was interesting listening to the debate because on one hand the democrats were making the argument that the president had incited the crowd on the ellipse to violence and republican response was to either accept that he was responsible but didn't rise to the level of impeachment, or to suggest that democrats by their language regarding the violence in urban cities were setting a dangerous precedent. there was a strong undertone of this was being rushed and that there, the procedures normally would guide the u.s. house and instance of an impeachment were being ignored in a rush to get it done and get him out. well the interesting thing is he is not going to be gotten out.

this passes today. the senate by unanimous consent has agreed it will not come back in until the 19th of january. that is the earliest date they could come back in. if they come in before then, all it takes one member objecting they can't meet because it was unanimous consent. i'm sure the senate will have a process that will take more than a day. so we're likely to see several weeks of consideration after january 20th and joe biden's inauguration as president, during which the senate is going to be taken up with this it's a privilege requirement. they have to conduct a trial. there is certain amount of time each day they have to conduct their work on that trial. means there is less time to do things like approve nominations. at the end of the day the only thing may happen, if the president is found guilty he can't run for office in 2024 but there is no guarranty he will be found guilty. so you know, i found the speech

last week to be reprehensible, said so at the time. wrote about it in my column at the "the wall street journal" i have to admit this is very peculiar way for the house to go about doing a very serious thing. connell: now, it does come down i guess the last point at least in practical terms. some members of the house and others will argue this is about accountability for the comment made last week. that might be part of it but in practical terms it comes down to whether the president can be disqualified from running for future office. which i believe is a separate vote in the senate, right? they would need 2/3 to convict him on impeachment charges, and vote again is that how it would work when we end up get to it? >> yes. there is a question whether the president can impeach the president if the president is no longer in office. they will take this measure up, no earlier than the 19th of january. they're not you no scheduled to meet on the 20th, to conduct business, that being the day of

inauguration for former vice president, now president-elect joe biden. the earliest they will be able to take this up an conceivably could vote is sometime after the 21st of january. and donald trump will no longer be president at this point. so we were going to have an interesting constitutional argument as well. connell: there has been a couple times when something like that has happened. thank goodness chad pergram who covers the congress for fox news as a colleague of ours. he has been sending out some of these examples. there was one instance where a senator in the late 1790s, 1798, early 1799 was impeached but the trial in the senate was dismissed because that senator was not a member anymore. i suppose maybe they could have went forward with it but they chose not to too. you know what? there is no point now. i'm assume the democrats who will control the senate, i don't know how important that is, chuck schumer will be the majority leader of senate senate, no, no, it is important. because we want to disqualify

president trump from running again. >> we could. there has never been an instance like this involving the president. it will be challenged. there has been you know, member of the president's cabinet, 1876, secretary of war belknap is forced to resign. but then is impeached by the senate. eventually acquitted but he was impeached by the house. a trial was conducted in the senate which he is acquitted. he is already out of office. that was a member of the president's cabinet. again this is going to be a matter of contention and questioned in the courts in all likelihood. connell: i want to ask you one other question for our audience as you know is interested in the business implications of just about everything. you have put together a new administrations and the biden administration will be coming on in unique times to put it mildly but this senate trial could be taking up some of that time. so the way i've been reading the senate rules, you have to come in 1:00 in the afternoon every

day to meet for a senate impeachment trial. so we have a pandemic obviously, among other things that we're dealing with. getting biden appointees through. how much time could that add on to this process? there is economic recovery implications there as well? >> yeah. it could take some considerable time, particularly if the individual is controversial. for example the appointee to the civil rights post at the department of justices going to be a problematic one. i thought it was interesting though that heeder mcconnell has signaled to the biden administration, janet yellen, secretary of defense nominee general austin and others, merrick garland, i thought it was funny when biden announced merrick garland would be his pick for attorney general, there was a lot of press reporting this was going to be a problematic nomination because republican opposition to him for the supreme court. in reality a lot of my contacts in the, among republican

senators we're delighted to have him. he will make exceptionally good attorney general. so you know, again he is on the list that the republicans have signaled, let us work with you to expedite the approval of some of these offices, some of these nominees. he is going to be one of them. there is only a limited amount of time. the rules of the senate laborious, cumbersome, make movement slow. if you're taking out a big chunk of every day to be in a trial over highly contentious and controversial issue, that will be less time to do things about president biden's nominees. connell: janet yellen another who is the nominee to be treasury secretary. they said they will have that hearing beginning on the 19th. karl, thank you. we always appreciate your analysis. karl rove from austin, texas with us today. they are on the verge in the united states house of representatives of making donald trump the first president in the history of the united states to be impeached twice. our coverage of that house floor vote continues after a quick

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but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. ♪. connell: we continue to monitor the house floor live for you. it will be a matter of moments before they have the necessary votes to impeach the president for the second time.

bottom left of the screen under totals, 194 yeas already in the books of the as we said earlier they need 217 in order to impeach president trump. so close eye on that inside of the chamber. there is heightened security obviously in our nation's capitol both inside the house complex or the capitol complex and outside. fox news correspondent rich edson joins us from outside of the capitol. what is the latest from where you are, rich? reporter: good afternoon, connell. what you have here is a much, much more robust security presence over the past week in washington. you can barely even get up to the capitol building right now. we're about a block 1/2 away. we were there earlier today but they, through security measures moved us right now. you have seven foot tall fences that surround the capitol building in multiple different layers. you have all the other trucks, gear, police officers, police departments, all throughout washington, d.c. of course through the capitol complex. we are now hearing that there

are going to be 20,000 members of the national guard who are going to be in washington, d.c., for the inauguration. that was upped this morning from an expected 15,000. we're also hearing officials saying the briefing for the national guard members, they're being warned of potential ieds over the inauguration period. this is something they're keeping a look out for. this is a robust presence throughout the capitol area, the capitol, the building area, the capitol area within the district of columbia. you also got enhanced security members, measures inside of the capitol. congressional members have to go through the magnetometers when they go on to the senate floors or house floor right now. that is something that has been implemented. so you have got national guard members inside. i.d. checks, all sorts of layers ongoing right here and it is not just in the capitol building but this is throughout the city. if you're trying to get anywhere

in washington, d.c., today it is extremely difficult. i mean there is normally traffic in this city. that eased a lot during the pandemic but today they closed off, created so many checkpoints throughout a series of roads in downtown washington there was gridlock in number of places. we're being warned by officials that will only get worse over the next couple days. multiple layers of fencing. the entire capitol hill police department is out in force. some protesters stopped by. there were anti-trump, protesters, two dozen of them, met with a very quick response about four times number of police officers i would say than protesters who were there. they ended up clearing out the whole area in front of the capitol where we were earlier today. so you have got a lot of security personnel. a lot of different measures in places. we're all waiting to see over the next several days who may come into town and any type of security threats they may face. connell, back to you. connell: thank you, rich edson

outside the capitol. we're watching inside at 207 now. 10 votes away from having the votes needed to impeach the president for a second time. let's go back, hold on a moment here. check, we're hearing from the white house, blake burman rejoins us from there we'll hear from the president, is that right at some point today? reporter: we're expecting some sort of video message from president trump after the vote is tallied up. five away until the second impeachment of the president. how exactly would the white house distribute that? as you know the president essentially has a social media freeze, whether it be twitter, facebook, youtube, et cetera. the president released a statement earlier today. that was presented on social media channels by for example, his press secretary kayleigh mcenany, one of his children i saw on twitter as well. we don't know exactly how the president will distribute that message. there are many forms within the

white house via live television any moment the president could choose to do that if he wants. but we're hearing, this is according to the reporting of our colleagues over at fox the president will be releasing a video message here shortly after this vote becomes official. by the way, connell, to pick up where rich left off real quick because i know he is on the other end of pennsylvania avenue, 16 blocks away, on this side it's a massive security presence as well. i will just, you know, tell you coming in today, it was multiple layers of security having to get through police officers. just to even getting close to the white house before we could even get to secret service. they of course have barriers around this building as well. so it is not just over at the capitol but the white house under an incredible security presence as well. connell? connell: out of curiosity, blake, is there a marine standing at the entrance to the west wing right now, which would

indicate the president is in the west wing? sort of near where you are? reporter: it is indeed. the west wing is 60 yards that way. whenever there is a marine for audience, the president is inside working. the marine has been on and off, on and off today. but as it stands today the marine is there which means the president is inside of the oval office working in some form or another. potentially we could be seeing that video message shortly. connell: only two more votes until they have the necessary votes to impeach that president for the second time. our coverage continues in discuss a moment. blake, thank you. we'll be back to blake burman on the north lawn as news breaks which it may any moment. we'll be right back. (naj) but not for your clients. that's why we're a fiduciary, obligated to put clients first. (money manager) so, what do you provide? cookie cutter portfolios?

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♪. connell: the vote is still open but house of representatives has the votes to impeach president trump. again. the necessary number of votes

was 217. 229 and counting have voted in favor of impeachment that tally includes 10 members of the president's own party. the republican party, 10 members of that party have voted in favor today of impeachment of so far. we'll keep tallying those votes. but again the threshold has been passed. robert driscoll joins us, former deputy assistant attorney general in the bush administration, george w. bush's administration. thank you, sir, good to see you. a couple of things. we're watching right now, just thoughts today on this fast-moving impeachment of a president charged with incitement of insurrection. legal thoughts what you saw today? >> well i think certainly it will be the fastest move to impeachment ever. that is unique circumstance. you have an unusual circumstance where the legislative branch is really the victim of the alleged impeachable offense, the constitutional crime. most of the members who were voting on it, present for the

certification of electoral college votes and for riots last wednesday. so i think it is, it is highly unusual. normally you would have fact-finding and reports written and depositions taken and something more along the lines you had in the president's prior impeachment for the ukrainian matter but with this speed, towards the end of the term obviously a lightning fast impeachment. we'll have to see if the trial moves similarly in the senate, or if the trial will be put off for practical purposes to give the biden administration a chance to get their nominees confirmed or what not. faster than ever contemplated it could go. connell: we know today the senate won't convene any emergency session. leader mcconnell will not bring the senate back until earliest time, the day before the inauguration of 19th of january. almost definitely if there is a vote it will come after a president biden is in office. so karl rove and i were talking

about earlier. it becomes about whether this president is disqualified from running for future office. that will be what is on the line there has been a lot of speculation about whether or not he might run in 2024. there is political considerations how damaged his chances might be by the events of, since the election and in particular last week, but still that eligibility, some say could be taken away from him. or do you think there are questions about whether or not someone who is already left office can be convicted of after an impeachment in the house on the senate? are there still legal questions about that in your view? >> there would be plenty of legal questions. it would be a law school exam for trial that occurred after the president had left office. there is prior precedent to have such trials but there is also precedent of senators voting that they in fact didn't have jurisdiction to impose penalties once the impeached individual left office. i think that in light of that, there would then be a challenge of whether or not any

disqualification were effective that would get into whether or not judicial branch would want to weigh in the effect of an impeachment. i suspect for people that wanted resolution of this matter or some kind of firm statement i think regardless of which way a trial went in the senate, presuming it conclude after president trump leaves office which looks like the only option now, i don't think even a conviction and a reputed disqualification certainly, you know, given some of the arguments his lawyers have been comfortable making about the election, there would be on firmer browned saying that the disqualification may not be valid because he already left office. i think that would provide a whole other vain. so i don't think, i don't think it would be acceptable to him. i couldn't be confident which way a court would come out if they rule on it at all. connell: the other side is

concerned as you know about precedent as well. i guess their argument will go somewhere along the lines, well, you know if you could just run out the clock, maybe wouldn't be literally last few days, but last few weeks or months of an administration or president, somebody sitting in office would be able to get away with essential anything they wanted, well we don't have a mechanism of removing this person because there is not enough time left. should there be something else available? is there something available to us now that wasn't used? could this have been handled differently, do you think? >> no. i think it is just circumstance it is. i think that from a constitutional perspective, i think legislative branch would stand up for itself and exercise power it has which it is trying to do. about they can get that done before the president leaves office or not. so i think that, at least in my mind it is, questions about the framing but it is pretty clearly a basis for saying there is a high crime for misdemeanor, impeachable offense by the president. the legislative branch is doing

what they can. all i'm saying is the legal effect of that is going to be questioned at the least, maybe uncertain in an absolute sense after this is all over. which might way into the prudential judgment how heavy the senate wants to invest in a senate trial. certainly i don't begrudge the people that want to impeach president trump for going forward to do it. they're standing up their their own branch. to take their view of it which i think is a fairview is the president, the executive essentially encroached upon the legislative branch and ginned up a mob to intimidate them into taking unconstitutional act of not certifying the electoral college votes. so i think i might frame it differently than the house did. that seems to me to be a impeachable offense. they are doing what they can and the house is voting whether or not to impeach. whether or not there is

conviction that will be constitutional event and still be on the president's record for life. connell: there are a number of republicans obviously agree with that last assessment on the merits. 10 of them put their name on the record, the most prominent i think was congresswoman liz cheney of wyoming today but 10 so far voted in favor. robert, thank you. robert driscoll with us. we'll look at number of things, economic implications of all of this. the timing after senate trial. we don't want to lose sight of the other stories we should be covering including the latest on coronavirus today. the u.s. yet again reached a grim milestone, reporting more than 4300 deaths yesterday. that was a single day record. now the overall death toll stands at more than 380,000. you see it on our screen. at 33,000. it is -- 383,000. it is closing in on number americans killed in world war ii. i believe that was 407,000.

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♪. connell: it is official from the house floor. just moments ago nancy pelosi appeared on that floor and took the gavel and slammed it down, closing out the vote that will make it an official impeachment

of president trump. the second time he has been impeached since taking office. the final vote tally 232 were in favor, 197 against. of those 232, ten were republicans. let's listen to some comments from earlier today. here they are. >> our word have consequences. if there is violence on both sides of the aisle. connell: all right. those are comments that you heard on the house floor earlier today from a newly-elected member of congress, congresswoman nancy mace was calling out as she said both sides of the aisle there, calling out violence an asking congress to take responsibility for its actions over the last nine months, start she put it, solving problems. one of the headlines we're watching. plus in an effort for unity, republican senator marco rubio is asking president-elect joe biden to pass $2000 stimulus checks and help the american people. that came in an "axios" report. it comes to senator chuck

schumer is pledging to deliver on a new control -- coronavirus relief bill once democrats take over the senate. tsa increasing airport security ahead of president-elect biden's inauguration next week. those are some headlines we're watching on a busy day. charlie hurt joins us from "the washington times." also a fox news contributor. good to see you. 232-197 the president is impeached for a second time there are wider questions like to ask, get your thoughts what we just watched before we get into it. >> yeah. just off the top of my head it is an incredibly shameful day. this is an exercise in pure, pure political power. democrats are doing this. obviously you have a handful of republicans joining them for their reasons, democrats are doing this because they can. you know, you know, i love the

there is even talk about how you know, it is time we need to start solving problems. you know, we could spend this week trying to solve problems. it is not like there is a whole lot going on right now that the house could be spending their time doing. instead they're playing, playing this game which will end up resulting in the exact same thing that the first impeachment ended up with which is president trump finishing out his term. connell: right. either way now as they're not going to get to it in the senate until after that term is finished. >> right. connell: even then, after that, we don't know if they have the votes to convict. as we've been talking about throughout the program, potentially disqualify him from running for future office. want do ask you about the republican party. 10 republicans voted in favor, liz cheney among them. we don't know what mitch mcconnell will do on the senate side. he hasn't been made up is mind. he will listen to the arguments. where is this party going?

president trump is leaving office. before he did so, even after losing re-election bid the thought was he controlled this party, might even run again. now what for republicans? >> it is kind of interesting today. donald trump came in kind of as a party of one and he is kind of leaving as a party of one. and you know, republicans a lot of whom sort of jumped on the trump train when it was to their benefit are now seeing the opportunity to sort of cut themselves free of that but i don't think that any of this plays out very well. the real reason for this is because you know, there are a lot of problems inside of the republican party and those problems go back many years. they go back decades. it has a lot to do with the fact that republicans, these very same establishment republicans who are turning on trump now, they ignored so many of the issues that their voters care so much about. whether it is illegal immigration or trade or wars.

those are the three big ones that trump gave voice to, forced the republican to address. those are broadly, widely popular issues. his stance on those, broadly, widely popular stances. around so if the republican party wants to treat -- it is like, he put it in terms of like a bad bank. they want to treat trump like a bad bank. they want to put all their problems, all their woes, blame everything on him, light him on fire and send him out to sea. then they can dust their hands off. okay we fixed all of our problems. you haven't even begun to fix your problems. they still have these problems. that is request i think it is really interesting to watch somebody like mitch mcconnell, what does he do? obviously he engenders, he is pretty bitter about what happened to georgia. he blames trump. i think that is, i think that is at least halfway unfair but will he, will the republican party accept the reckoning that they need to go through to evaluate

what it is they are to blame for, for losing so many of their voters in the first place that only donald trump brought back to the fold? connell: voters he brought back to the fold largely were working class voters as you know. i think that will be one of the interesting kind of divides and arguments that the party has to have within its own ranks over the next number of months or years, do they go back to the party that supported big business? you would hear all time about lower taxes, fewer regulations which this president sported supported as well. emphasis was wall street, big businesses or to the party that identifies with those issues, trade, others you already brought up, i think identified working class voters that is the where the base of republican party is now. you wonder if there is any turning back from that, the days of country club republicans are permanently over or will they try to go back to that? >> i think they will have a real

hard time with it. i think they will have a hard time getting numbers of those country club republicans together to win elections, for example. i think it is also interesting to think about, i sort of leave open the idea that you know, it is possible that a democrat could pick up these trump issues. that is how broadly popular these issues are. a democrat could pick them up and run with it. i'm thinking of bernie sanders. there is a lot of stuff that is completely wacko nuts crazy about bernie sanders but he has a real appeal to a solid base of democrat voters on those very issues that donald trump came in and stole, to steal those voters away from the democratic party. so while i think it is highly unlikely that democrat picks those up an runs with them, i could also see republicans being too obtuse to realize how important those issues are and actually going and putting them

together and running on that agenda that got, that got trump more enthusiasm from republicans than any president we've seen since ronald reagan. connell: unprecedented times in some ways. aa lot to figure out after a lot of people. charlie, always good to see you. charlie hurt with us. we'll continue our coverage from washington. a couple of other things come in today. one of them citing officials that people avoid travel to washington. airbnb came out with announcement, said earlier they're canceling and blocking all future reservations in the d.c. met crow area, inauguration week next week. refunds will be given to guests whose reservations were canceled and reimbursed hosts from the money they would have earned from any canceled reservations. no airbnbs during the inauguration. we'll be back

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prospective policy proposal edward lawrence is looking into as part of a series of report this is week. what are you hearing about it, edward? reporter: there is a inauguration next week. as part of president-elect biden's build back better plan he wants to guarranty universal sick days and expanded family leave. vice president kamala harris guaranteed that on the campaign trail. paid family leave would be up to 12 weeks, federally funded. under the obama plan or biden plan, would look like the obama plan triggered if a worker or family member have serious illness. the democrats model of a family act. cover 2/3 of salary, paid through payroll tax increase on companies. the firms could pass the cost on to companies for smaller raises, limit hiring, stop additional family leave they're offering. george mason university said it would cost workers $200 billion in payroll taxes which weighs heavily on low income families.

>> we know not only the payroll tax is a heavier burden on lower income workers who have to pay it whether they take the benefit or not but we also know actually that the benefit itself is regressive. it is actually, when you look at actually who is actually taking the benefit, you realize it is a much larger share of higher income earners. reporter: she says most companies offer some sort of family leave but there is incentive to stop taking that cost on and have workers apply to the federal government to have them take it. it would be a cycle, more people taking federal help. government needs more money to pay for it that comes through, you guessed it, taxes. connell? connell: we did guess it. edward thank you, edward lawrence thank you. we'll watch the stimulus speech tomorrow from president-elect biden. another thing to point out today, chicago, teachers protesting public schools

reopening by remote teaching outside the schools. the district docked pay for teachessers that failed to show up. 145 teachers have been marked absent without leave and dozens were locked out of their virtual classrooms.

muck if. ♪ ♪ connell: we're back here on "after the bell with," want to spend the last few minutes talking about where the economy might go from here now that we know president trump has been impeached by the house. we know that a senate trial, if it were to take place after he leaves office, would certainly take some time. ask how about the members of the house and the senate and the new president? will they be more inclined to work together, or will this drive us further apart. jackie deangelis joining us from our newsroom in new york, and fox news contributor jon hilsenrath also on hand from washington. you first, jon, just to start us

off because just by the nature of how long it will take, there might be some impact on the economy if they choose to go forward with a trial in the senate even after a new president is in place, we're in the middle of a pandemic. do you have a take on that? >> well, i think it presents a challenge for biden who wants to come in right away and move on two fronts. one is addressing coronavirus which is the economic issue of the moment and also moving forward with another form of a stimulus plan including a lot of new spending. and if it gums up the senate, it could slow down that processment it sounds like, you know, he's talking to senate leaders about trying to, you know, walk and chew gum at the same time. connell: yeah. mitch mcconnell just came out with a statement in the last few minutes, jackie, essentially confirming that there will be no trial beginning in the next few days, and then he wants to see the next seven days just getting ready for the inauguration, making it as safe as possible,

the orderly transition of power and all of that. so that leaves us with maybe dealing with this, 1:00 in the afternoon many days in january, which would be quite certain. >> yeah, i agree with jon to the extent this is sort of cutting off your nose to spite your face. it's going to be difficult for the incoming administration to implement some of the reform that they want to. it's going to take a longer time, connell. but i'm looking a little past that the, and i'm thinking about how those proposed policies are going to impact the economy and also the stock market. when it comes to the economy, i think higher taxes, more regulation, it'll have a chilling effect on business. you're going to see that have a trickle-down effect. it's going to have a ripple effect within the labor market as jon said, trying to recover from the coronavirus right now. that could be two really difficult components at the same time. on the other hand, i will are say this, wall street may not react to it because it does love its economic and fiscal stimulus. with interest rates low, you'll still see people investing in the market, and the market could

stay high. now, president trump used the market as a measure of the broader economy, but not everybody does. i really think it's about wage growth, it's about unemployment and all those issues that impact real people. connell: and that brings that into the -- go ahead and how it might handle this, i was going to say, but go ahead. >> i think the fed is on the sidelines for most of 2021. they pushed interest rates to near zero, and they're pumping a lot of money through bond buying into the economy. i think the handoff is now to the treasury with janet yellen, the former fed chair, leading it. i think what we're going to get on economic policy is two fronts really. i think the first thing they're going to do is a big spending package. so i don't think that the tax proposals come until late in the year at best. connell: right. >> the first thing the they want to do is get the i economy going. connell: real quick, because we've got to go. >> the second thing, the markets have been up in the past week.

that tells you something about the market's enthusiasm about the economy. connell: thanks, guys. sorry for the short time, but we had quite an hour, didn't we? thanks for joining us here on "after the bell." president trump, the first u.s. president to ever be impeached twice. that does it for us today. see you back here tomorrow. ♪ ♪ lou: good evening, everybody. the house of representatives has voted to send a single article of impeachment against president trump to the senate. ten rino republicans voted along with the radical dems for the, quote, incitement of an insurrection allegation. those republicans are liz cheney, jamie herera butler, john cath coe, adam kinzinger and peter meyer. and fred upton, dan newhouse,

anthony gonzale