MM123: Apple & Amazon earnings explained and why the US downgrade shouldn't come as a surprise!
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The Fitch Downgrade and the Risk of Force Sales
Fitch has downgraded the US credit rating from triple A to double A plus. John Defterios: This isn't a surprise, we've had lots of prior warnings and very little market reaction. He says political ecosystem is so polarized that it's hard to imagine Congress taking sensible steps needed to tackle America's fiscal problems. defterios: The downgrade comes as new indictment against former President Donald Trump came about.
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