Dow tops 40,000, Biden trolls Trump in split-screen video

WASHINGTON (Reuters) – The Dow topped 40,000 for the primary time on Thursday in an all-time excessive, giving U.S. President Joe Biden a gap to show his Republican election rival’s 2020 predictions fallacious.

The state of the U.S. financial system looms as one of many bigger elements weighing on the Democratic president’s bid for reelection. Persistently excessive costs have hindered Biden’s efforts to win credit score from voters for his dealing with of the financial system, though inflation in current months has been easing.

“Good one, Donald,” Biden stated in a submit on X hours after the blue-chip index made its good points.

In an accompanying video, a break up display exhibits Donald Trump campaigning within the 2020 presidential election he misplaced to the Democrat.

“If Biden wins, you are going to have a inventory market collapse the likes of which you’ve got by no means had,” Trump says within the video clip.

The highest half of the display exhibits the yr 2024 and pictures of Biden and Vice President Kamala Harris, with commentary from an array of enterprise tv newscasters on the 40,000 breach.

“The broke 40,000 for the primary time in historical past,” one broadcaster says.

“Take a look at that market!” exclaims a second.

“We see earnings rising for the second quarter. We see document earnings estimates for the third and fourth quarter and that is what actually impresses me,” one other intones.

The video ends with Fox Enterprise Community’s Stuart Varney saying, “I have been doing this a very long time. I by no means anticipated the Dow to hit 40,000.”

The Trump marketing campaign didn’t instantly reply to a request for remark.

Biden has struggled to persuade voters of the efficacy of his financial insurance policies regardless of a backdrop of low unemployment and above-trend financial progress. A Reuters/Ipsos ballot final month confirmed Trump had a 7 percentage-point edge over Biden on the financial system.