Trump Media and Technology
Trump Media and Technology, the social media company that counts the former president as its largest shareholder, saw its shares soar Monday after the assassination attempt that was nearly mistaken for Trump.
Trump Media Technology Group Corp.
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40,27
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Stocks jump
US stocks jumped on Monday, with the Dow over 200 points, after the shooting of former President Donald Trump, who survived with minor injuries at a campaign rally in Pennsylvania. The attacker, Thomas Matthew Crooks, was killed by law enforcement.
Both the Dow and S&P 500 are likely to test new record highs, building on last week’s gains as investors digest earnings from Goldman Sachs and BlackRock this morning.
President Biden, in a rare Sunday 8pm speech that lasted only about ten minutes, urged the country to turn down the heat on what has become a nation sharply divided over politics, while also congratulating Trump and good prayers. He confirmed that investigations are ongoing and the motive for the assassination remains unclear.
As the Republican National Convention begins today, Biden said he will campaign by protecting his administration’s record as we inch closer to the November election.
BlackRock Releases Shotgun TV Ad
BlackRock, the world’s largest asset manager with over $10 trillion in assets, revealed it had a TV ad featuring Trump attacker Matthew Thomas Crooks.
“As our leadership team communicated to colleagues last night, BlackRock strongly condemns political violence of any kind and will do our part to promote civility and unity in the country. In 2022, we ran an ad featuring a teacher from Bethel Park High School , in which several unpaid students appeared briefly in the background, including Thomas Matthew Crooks. We will make all video footage available to the appropriate authorities and we have removed the video out of respect for the victims,” the company said. in a separate statement from. FOX Business’s Charlie Gasparino.
Separately, CEO Larry Fink condemned the assassination attempt on Trump, before discussing the asset manager’s latest quarterly results on Monday.
“I’d like to start by addressing what happened over the weekend. The assassination attempt under former President Trump is significant. I’m so relieved he wasn’t seriously injured. And I’m thinking about the victims of the shooting. Especially the innocent person who was killed, as I wrote to my Blackrock colleagues in the hours after the horrific events of Saturday night, we must condemn political violence of any kind promote civility and unity for our country and give hope to all Americans “, he told investors.
Bitcoin falls higher
Bitcoin broke above the $62,000 level, rising along with stocks. BlackRock, which currently hosts the country’s largest Bitcoin ETF, told investors on Monday that demand for the crypto is strong.
“BlackRock’s Bitcoin ETF continues to lead the way, raising another $4 billion in the second quarter for $18 billion in net inflows in its first six months,” Blackrock Chief Financial Officer Martin Small said on the company’s earnings call.
Mea Culpa
A top Democratic strategist and fundraiser emailed reporters Saturday suggesting the assassination attempt on former President Trump was possibly “staged”…now he’s retracting those comments amid backlash.
Billionaire activist
Bill Ackman, the billionaire hedge fund activist, hasn’t been vocal about his full support of former President Donald Trump…until this weekend.
Ackman has been at the forefront of business leaders condemning anti-Semitism on college campuses, including his alma mater Harvard.
Elon Musk speaks
Tesla CEO Elon Musk, one of the first corporate executives to speak out after the assassination attempt on former President Donald Trump, increased his support for the GOP nominee.
Bezos for Trump
Amazon founder Jeff Bezos, who has a history of butting heads with Trump, praised the former president for his courage amid an assassination attempt.
History in progress
Trump’s latest assassination
Following the assassination attempt on former President Donald Trump, Fox News is following all developments as new details emerge about the attacker and the handling of events at a rally in Pennsylvania on Saturday by law enforcement.