Reports of Trump sharing classified info point to growing fear of him

Now, in an explosive Washington Post story, the U.S. intelligence community has hit back — hard. Current and former intelligence officials told The Post that the president, perhaps inadvertently, had revealed highly classified information about Islamic State to the Russian government.

That report increases the chance that Trump's support from Republicans will keep eroding. And it increases the impossible-to-quantify threat to the president's ability to complete a full four-year term.

The news will "add fuel to fire" both about Trump's ties to Russia and "to those harboring doubts as to Trump's fitness to be president," said Richard Haass, who heads the Council on Foreign Relations and previously served as a national security aide to both presidents Bush. Haass said Trump's actions "could jeopardize security by alerting enemies, burning sources and making allies less willing to share sensitive intel."

The refusal of Republicans to defend Trump in the wake of the Post story shows his support from partisan allies wearing thin. That's damaging on its own to the president's ability to achieve his agenda, among other consequences.

The market reacted fairly weak to this news. JPY and GOLD jumped a bit, but it was nothing serious. It seems like that investors are waiting to see is that info is true or false.

Source: Bloomberg Pro Terminal

Trader Bozhidar Arabadzhiev

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