Impeachment fears hit market | WeWork CEO out | Bezos tax?

Whether Democrats would move to impeach President Donald Trump weighed heavily on the market on Wednesday.

VIEW IN BROWSER | SUBSCRIBE TUE, SEP 24, 2019 EVENING BRIEF AS OF TUE, SEP 24, 2019 • 04:05 ET DJIA 26808.18 -0.53% -141.81 S&P 500 2966.61 -0.84% -25.17 NASDAQ 7993.63 -1.46% -118.83   Most Active DOW NAME LAST CHG %CHG AAPL 217.68 -1.04 -0.48% MSFT 137.38 -1.76 -1.26% INTC 49.82 -1.08 -2.12% S&P 500 NAME LAST CHG %CHG AMD 29.52 -1.12 -3.66% BAC 28.94 -0.58 -1.96% GE 8.97 -0.37 -3.96% NASDAQ NAME LAST CHG %CHG AMD 29.52 -1.12 -3.66% AAPL 217.68 -1.04 -0.48% MSFT 137.38 -1.76 -1.26% EDITOR'S NOTE Adding another layer of uncertainty to a market fraught with uncertainties, we now have swings from impeachment talk.   The Dow Jones Industrials traded in positive territory throughout much of the day, but then fell sharply as Democrats prepared a House resolution to address the Ukraine scandal. It seemed impeachment cries had suddenly grown to levels that House Speaker Nancy Pelosi might no longer be able to contain.   "The market would not like impeachment," explained Andrew Brenner, a broker at National Alliance. "It increases uncertainty. "   Then came President Donald Trump's tweet promising to release a full, unredacted transcript of his phone call with the Ukrainian president at the heart of this political firestorm. The market immediately pared its losses. But then news broke that Pelosi indeed planned to announce an impeachment inquiry at 5 p.m., sending the market lower again.    CHART of intraday on Dow   Impeachment chatter has been around for much of Trump's tenure. And it's not likely to result in his removal since the Republican-led Senate backs him.  Cowen analyst Chris Krueger calls it "Bill Clinton 2.0." Impeachment likely, conviction, no.   Still, during the last impeachment process in 1998, the S&P 500 fell about 20% from its high.  Bill Clinton 2.0 could become a harrowing time for investors.  Enjoying the CNBC Evening Brief newsletter? Tell us how we're doing and what we can do better by filling out this simple survey. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow drops as Democrats talk Trump impeachment WeWork CEO Adam Neumann to step down amid controversy and retain chair role WeWork investors like SoftBank have an obscure protection worth millions in a devalued IPO There's a theory that retiring boomers cashing out will cause a 'dark period' for the stock market A majority of the ultra-wealthy expect a recession by 2020 and are hunkering down, says UBS survey As calls grow to split up Facebook, employees who were there for the Instagram acquisition explain why the deal happened Biden will say Congress should impeach Trump if president stonewalls on Ukraine controversy Jeff Bezos would pay $9 billion a year in wealth taxes under Bernie Sanders' plan 'Billionaires should not exist': Bernie Sanders tries to outdo Elizabeth Warren with tougher wealth tax proposal Now that Netflix is negative for the year, Wall Street analysts are starting to panic     TOP VIDEO Disney CEO Bob Iger talks Steve Jobs, Pixar and Apple   CNBC PRO Disney — on the verge of launching its streaming service — is the 'best name in media,' says Wells Fargo   SPECIAL REPORTS This could be 'dry powder' for the markets, money manager says Momentum stocks are out of favor this month, but one technical analyst sees a comeback   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