Donald Trump has blamed President Joe Biden and Vice President Kamala Harris for the stock market crash and economic woes that have prompted panic that a recession is on the horizon.
The former president called Biden and Harris the ‘two most incompetent “leaders” in history’ and slammed the ‘terrible’ job numbers posted on Friday.
Meanwhile Harris is set to name her running mate in hours after interviewing top contenders over the weekend.
Pennsylvania Governor Josh Shapiro, Arizona Senator Mark Kelly and Minnesota Governor Tim Walz are the favorites in the race to be the Democratic nominee’s pick for vice president.
The trio have been vetted by the campaign and came face-to-face with Harris for a one-on-one meeting with Harris at her Washington D.C. residence on Sunday.
Follow all the developments at DailyMail.com’s U.S. politics blog
13:02
Trump says markets are ‘crashing’ and claims Kamala Harris will destroy them as Dow futures tank
By Geoff Earle, Deputy U.s. Political Editor for DailyMail.com
Former President Donald Trump blasted out alarming posts as markets prepared to open Monday, as Dow futures dropped 1,200 points following a global sell-off amid fears of a recession.
‘STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR lll, AND WE HAVE TWO OF THE MOST INCOMPETENT “LEADERS” IN HISTORY. THIS IS NOT GOOD!!!’ Trump wrote.
Then, he posted a quote from the ‘Legendary Howard Lutnick’, a billionaire investor who said Vice President Kamala Harris, who has been rising in the polls, would ‘destroy’ the markets’ and that a Trump loss would drive market turmoil.
‘Japan down 12%, India down 6%. Germany way down also. U.S. really bad. This is a preview of the world markets without Donald J. Trump in the White House. None of this happens if Trump is in. Kamala and the markets don’t go together. She’ll destroy the markets. She’s in power now and look at what is happening. One week of the fake media saying better polls and you get a market crash.” The Legendary Howard Lutnick!’
Trump’s posts come after he previously took credit for the rise in U.S. stocks, saying markets were betting on a Trump victory. He wrote in late January during a surge that ‘THIS IS THE TRUMP STOCK MARKET … BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD …’ Lutnick, the Cantor Fitzgerald CEO, cohosted a Hamptons megafundraiser Friday, with hopes of bringing in $10 million for Trump.
11:32
Kamala Harris veepstakes enters final hours
By Katelyn Caralle, Senior U.S. Political Reporter
Vice President Kamala Harris is expected to announce her running mate by Tuesday at the latest.
Harris and her pick will appear for the first time together at a campaign rally in Philadelphia on Tuesday night.
The race for Democratic VP appears to be down to three men – Arizona Sen. Mark Kelly, Pennsylvania Gov. Josh Shapiro and Minnesota Gov. Tim Walz. All three met with Harris on Sunday.
Three others thought to be under consideration are Transportation Secretary Pete Buttigieg, Illinois Gov. JB Pritzker and Kentucky Gov. Andy Beshear.
The closely-watched decision will immediately kick-off a five-day, seven-state campaign tour this week in battleground states of Pennsylvania, Wisconsin, Michigan, North Carolina, Georgia, Arizona and Nevada.
13:55
Economic advisor Gene Sperling leaves White House post to join Kamala Harris reelection effort
Another top official is leaving the White House to boost Vice President Kamala Harris’ reelection effort, as senior economic advisor Gene Sperling prepares to join the campaign.
Sperling, who has helped guide Biden’s economic policy after serving in the Obama and Bill Clinton administrations, will serve as a senior economic advisor for Harris on her policy staff. News of her departure comes after the White House announced another top Biden advisor, Anita Dunn, was leaving to advise a pro-Harris super PAC.
Harris has kept on members of Biden’s campaign team headquartered in Wilmington, while also bringing on a string of new figures including former Obama campaign guru David Plouffe as a senior advisor.
‘Under Gene’s leadership, the American Rescue Plan has delivered economic relief to cities and counties across the country, protected millions of union pensions, made the largest-ever federal investment in public safety, and kept thousands of small businesses afloat,’ Biden said in a statement to the AP.
13:53
Jimmy Carter, 99, reveals his dying wish from hospice: 'I'm trying to make it'
Former president Jimmy Carter has revealed he is hoping to live long enough to vote for Kamala Harris in November.
The 99-year-old shared his dying wish from the Georgia home where he is receiving end of life care.
‘I’m only trying to make it to vote for Kamala Harris,’ Carter told his son Chip, his grandson Jason Carter told the Atlanta-Journal Constitution.
Carter is due to turn 100 on October 1, days before Harris will face off against Donald Trump in the presidential election.
In recent days, Jason Carter said his grandfather is ‘more alert and interested in politics and the war in Gaza’.
13:32
Squad member Cori Bush could be kicked from Congress tomorrow as reelection race tightens
Progressive Squad member Rep. Cori Bush is in real danger of losing her reelection bid as her Democratic challenger has surged in recent polling.
The Missouri Democrat is in a hotly-contested race against a centrist challenger who has been hammering Bush for her record of supporting pro-Gaza protests and causes.
A shocking survey one week out from the primary race shows Bush’s campaign trailing by a massive six points as she looks to avoid being the second progressive Squad member ousted this year.
If Bush loses her primary next week it would make her the second Squad member to lose reelection this year after Rep. Jamaal Bowman, D-N.Y., lost his primary to a more moderate Democrat earlier this summer.
The Mellman Group on behalf of the Democratic Majority For Israel PAC released a poll this week showing Bush’s challenger St. Louis County Prosecutor Wesley Bell ahead of her 48 percent to 42 percent.
12:50
Kamala Harris to attend Situation Room meeting on Iranian attack on Israel, taking her off the campaign trail
Vice President Kamala Harris will be taken off the campaign trail at a pivotal moment to attend a meeting at the White House Situation Room over Iran’s imminent attack on Israel.
Harris and Biden will meet with top security officials with Middle East tensions at a tipping point.
Tehran is getting ready to respond to back-to-back assassinations by Israel in the last week and Benjamin Netanyahu has warned he is ready for a ‘multi-front war’ with Iran and its proxies.
11:53
Top senator outlines what Trump needs to do to beat Kamala Harris – as he issues stern warning to Donald amid brutal polls
Lindsey Graham has told Donald Trump what he needs to do to beat Kamala Harris after polls showed the vice president was rapidly catching up with him.
Overall the race is a dead-heat, according to a new CBS News/YouGov poll. Nationally, Harris leads Trump by 50 percent to 49 percent among likely voters. In battleground states, the race is now tied at 50 percent each.
Graham, the South Carolina senator, said Trump needs to stick to the issues Harris is weak on, rather than causing controversy over her identity as a biracial woman.
‘The problem I have with Kamala Harris is not her heritage, it’s her judgment,’ Graham told Fox News Sunday.
‘She has been wrong about everything. When she tried to explain what she would do about inflation and an upcoming recession, it made no sense. It’s gibberish.’
11:52
Fears US is heading for recession triggers global stock market plunge with Japan's Nikkei experiencing worst sell-off since 'Black Monday'
Stock markets around the globe have continued to plunge on Monday amid fears the US economy may be on track for a recession as Japan suffered its worst sell-off since ‘Black Monday’ in 1987.
Experts at investment bank Goldman Sachs said they now believed there was a staggering 25 per cent chance of a recession in the US – up ten percent from their previous estimate of 15 per cent, while JP Morgan put the chances of a recession at 50 per cent.
US stock index futures tumbled on Monday, with those tied to the Nasdaq falling nearly 4 per cent, but traders are now ramping up bets that the Federal Reserve will announce an emergency interest rate cut in response to the global stock market crash and to avoid a huge recession.
The sell-off followed the release of a dismal unemployment report last week.
Employers added just 114,000 jobs last month, according to Labor Department data released Friday, far below the Dow Jones estimate of 185,000.
11:47
Nancy Pelosi grins as she reveals her role in Biden's dramatic exit from 2024 race – before making bizarre suggestion that Joe's face belongs on Mount Rushmore
Speaker Emerita Nancy Pelosi revealed what exactly her role was in Democrats’ efforts to get President Joe Biden to drop out of the 2024 presidential race the led to his dramatic exit and Vice President Kamala Harris becoming the nominee.
Pelosi shared her thoughts on the president, his fitness for the job and his decision to step aside in an interview with veteran journalist Lesley Stahl for CBS Sunday Morning ahead of the release of her new book ‘The Art of Power.’
Pelosi was asked what she told Biden to persuade him to step aside ahead of his dramatic exit from the 2024 presidential race on July 21.
‘Well I’ve never shared any conversations with the President of the United States publicly, no,’ Pelosi said with a smile. Pelosi said that Biden knows that she loves him ‘very much.’
Stahl pressed Pelosi over reporting that she was in fact the leader of a pressure campaign for Biden to drop out.
‘No, I wasn’t the leader of any pressure…’ Pelosi said shaking her head.
11:40
Sen. Mark Kelly sparks speculation he exited VP race
Arizona Sen. Mark Kelly caused a stir by suggesting he was no longer in consideration for Kamala Harris’ running mate.
In a now-deleted social media post, Kelly wrote Sunday evening:
I spent my life in the Navy and at NASA , where the mission always comes first. Now, my mission is serving Arizonans.
By writing ‘serving Arizonans,’ many speculated the former astronaut meant he’d lost his chance to be the next Democratic vice president.
Just 30 minutes after the original X post, Kelly deleted and replaced it with:
Whether it was from my time in the Navy and at NASA, serving in the United States Senate , or visiting our troops overseas: I’ve learned that when your country asks you to serve, you always answer the call.
Kelly is considered among the top three men Harris is consideirng for the role, along with Pennsylvania Gov. Josh Shapiro and Minnesota Gov. Tim Walz.
11:31
Biden heading to Situation Room as Iran threatens attack on Israel
President Joe Biden is scheduled to meet with his national security team in the Situation Room later on Monday amid heightened tensions between Iran and Israel.
The Islamic Republic could attack Israel in the next 24 to 48 hours following a major attack by Hezbollah that left two IDF soldiers injured, top western diplomats have warned.
Secretary of State Anthony Blinken told the G7 yesterday that an attack in response to Israel killing Hamas’ political leader Ismail Haniyeh in Tehran and Fuad Shukr in Beirut, was imminent, as reported by Axios.
Meanwhile Secretary of Defense Lloyd J. Austin III reportedly spoke to his Israeli counterpart Yoav Gallant on Sunday to assure the Jewish state of US support.
It would be the second time during the growing crisis in the Middle East that Iran has directly attacked Israel, the first being in April when it sent a salvo of missiles and drones overnight.
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