JP Morgan Chase CEO Jamie Dimon publicly defended voting rights, following Georgia’s new restrictive voting law, the Election Integrity Act of 2021. He was one of the first major business CEOs to speak out after the law was passed last week, according to CNN.
“We regularly encourage our employees to exercise their fundamental right to vote, and we stand against efforts that may prevent them from being able to do so,” the JPMorgan CEO told CNN.
The law requires ID numbers for absentee ballots, limits the use of ballot drop boxes, and bans people from providing food and water to voters in line. The law will likely impact Democratic districts and voters of color.
JP Morgan has more than 250,000 employees globally, and Dimon added, the company’s “employees span the United States and as state capitals debate election laws, we believe voting must be accessible and equitable.”
Trump used the December conversation to pressure Frances Watson, the investigations supervisor to the Georgia Secretary of State, to find nonexistent examples of voter fraud before “the very important date” of January 6, the paper reported.
It was previously believed that a recording of his phone call did not exist, The Washington Post reported in January.
Officials, however, recently located the recording in Watson’s spam folder when responding to a public records request, an unnamed person familiar with the incident told The Post.
In the conversation between Trump and Watson, the former president asked her to look into the “dishonesty” at Fulton County. He also claimed that his campaign “won by hundreds of thousands of votes.”
Fulton County, a heavily Democratic jurisdiction, voted for Biden in the 2020 election. There is no evidence of widespread fraud there.
Trump lost Georgia by over 11,000 votes, an outcome that was certified after ballots were counted three times.
In the call, Trump also told Watson that she would be “praised” when “the right answer comes out.”
The conversation preceded Trump’s infamous chat with Georgia’s secretary of state, Brad Raffensperger, in which the former president asked him to “find” additional votes to overturn President Joe Biden’s win.
A criminal investigation into this conversation and Trump’s efforts to “influence the administration of the 2020 Georgia General Election” was opened in Fulton County last month.
Raffensperger also initiated a “fact-finding inquiry” into the phone call last month, The New York Times reported.
Prosecutors in Georgia are moving closer to opening a criminal investigation into President Donald Trump, according to The New York Times.
Fulton County’s new district attorney, Fani Willis, is seriously considering whether to launch an official inquiry into Trump’s attempt to overturn the results of the 2020 Election, the paper reported.
Willis has also deliberated over whether to hire a special assistant to oversee the inquiry, sources told the Times.
The calls for Trump to be investigated have come from watchdog groups and Democratic lawmakers.
Earlier this month, the sole Democrat on Georgia’s state election board, David Worley, called on Secretary of State Brad Raffensperger to look into Trump’s controversial hour-long phone call, according to The Washington Post.
Worley referred to a Georgia state code that makes it illegal to solicit someone into committing election fraud, the paper reported. Violating § 21-2-604 is punishable by up to three years in jail.
In Trump’s call, obtained by the Post, the president urged Raffensperger to ‘find’ 11,780 votes to secure a win over President-elect Joe Biden. This request was rebuffed.
Since Worley’s request, Raffensperger has noted a potential conflict of interest in him investigating the conversation. He told ABC News that Fulton County would be a more “appropriate venue” to conduct a criminal investigation.
Worley has since warned that if Fulton County’s district attorney doesn’t announce an inquiry into the phone call by the date of the state election board’s next meeting, then he would make a motion to refer it to her office, according to The New York Times.
The next meeting is scheduled to take place on February 10, 2021.
If the motion does not result in an official referral, Worley told the paper that he would contact Willis himself and urge her to launch an investigation.
Some legal experts believe that Trump’s phone call might have broken both state and federal law, according to Slate.
Federal pardons do not apply to state prosecutions. Trump, therefore, risks being charged with offenses that go beyond his pardoning power.
Trump is already facing criminal investigations brought by New York Attorney General Letitia James and Manhattan District Attorney Cyrus Vance. Both of these cases also go beyond the reach of a presidential pardon.
My role was exactly the same the last time I volunteered.
The day of the election, we had to get there at 5:30 a.m. and set up. Though we set up the day before, we had to arrive early to set up the machines and polling precinct. You can’t turn on the voting machines and printers until the day of the election.
It took us around an hour and half to two hours and 45 minutes to get everything ready to go. Once we got done with those tasks, we had to get sworn in. The poll manager then announced that the polls were open.
We opened the polls at 7 a.m. and announced that the polls were closed at 7 p.m.
You really don’t know what’s involved until after you see an election, because the balloting machines have to be closed. They run a tape of how many people voted, who they voted for. It’s really interesting what comes out of those machines.
The voting machines have to be retagged, locked in little cages, and put away. We were done just before 8 p.m. that night.
This time around, we had so many people that come in that precinct first thing in the morning.
Everybody there was shocked, really shocked. It wasn’t like this last time. It was a steady stream of voters coming in all day.
Everything went very smoothly. It was busy all day – we ended up with close to 600 people coming into our precinct, which was really double how much we had during the general election.
When I talk to different people and they would say, “Oh, you know, the poles were rigged, right. Everything was just rigged. It was fraud.”
I was like, “Believe me, it wasn’t. I worked it. I can, I can assure you that you cannot vote twice in the state of Georgia.”
Historically for runoffs, we’re a given for Republicans.
And I didn’t find out until the other day, why this state has runoffs in the way that we have it.
But everyone in my family, all my friends, my neighbors, everybody that you ran across, they all encouraged us to vote.
We were bombarded with emails, text messages, phone calls, and commercials. It just made you say to yourself, I’m going to vote. So this can all be over. And so tired of these commercials and so tired of these text messages.
We did it all because we absolutely had to get people out. We had to get them out.
We had two young black men that came in and voted for the first time because they turned 18 after the election.
Everybody was applauding for them, even the poll watchers.
In my opinion, Georgia going democratic is a result of COVID.
This whole thing is a result of COVID-19 and the way Trump handled it, how he lied. Then when the first stimulus came and they didn’t extend it, people went months and months with Congress not doing anything. People were really pissed off. People really started paying attention to politics after this.
And the other player in what propelled Georgia to turn blue is Mitch McConnell. In my opinion, he would do anything for corporations, but he doesn’t want to do anything for people.
And I think that’s the one good thing that Donald Trump did. He made Black and brown people more aware of politics and how you get things done.
Early trading after the open on Wednesday morning reflected fears among investors that FAANG stocks could be in for a rough ride with Democrats likely to take the Senate. Shares of both Facebook and Apple were down almost 3%, while Amazon and Google parent Alphabet were each down nearly 2%.
Democrat Raphael Warnock has pulled off a narrow victory in one of the two Senate runoffs, while Jon Ossoff is also leading a close race against Republican candidate David Perdue, with the only votes remaining to be counted from democratic strongholds around Atlanta.
Big tech names were trading lower, as companies like Facebook, Amazon and Google are likely to face greater pressure from Democrats in the Senate, who have promised greater scrutiny of tech giants, according to the New York Times.
The potential for a more aggressive regulatory approach from Democrats should have Big Tech investors ready for underperformance, argues Tom Essaye, founder of Sevens Report.
Essaye said in a note, “in the immediate term, markets are pricing in more stimulus. From an equity standpoint, that means tech underperformance and cyclical/value outperformance. The biggest takeaway from the Democrats win is more power behind the cyclical/value/higher rates trade,” per CNBC.
“Once the market digests this result, a pullback would not shock us at all, as at these levels the market is not pricing in tougher regulation, substantially higher rates or an earnings headwind, and the chances of all three went up overnight.”
On the other hand, Brian Levitt, global market strategist at Invesco said in a note that he expects value stocks and emerging markets to benefit as a result.
Levitt said in a note he believes Democrats may “use their latest opportunity to advance greater fiscal spending to support the economic recovery. In a more-pronounced economic recovery, we would expect an even further rise in Treasury rates, tightening of municipal and corporate bond spreads, weakening of the dollar, and higher performance of value stocks and emerging market equities,” per MarketWatch.