in the vicinityVideoSeth Moulton drops from 2020 presidential race
Democrat REP. Seth Moulton will officially announce the end of its campaign, the Democratic National Committee’s summer meeting; Jeff Paul reported from San Francisco.
President Trump joked on Twitter that “maybe” the Dow Jones Industrial Average more than 500 points fell on a Friday, because REP. Seth Moulton dropped out of the crowded Democratic race for President.
“The DAX is down 573 points, perhaps, to the news that representative Seth Moulton, who was left, fall for the year 2020, in the election campaign!” Trump tweeted.
TRADE WAR EXPLODES AS a TRUMP clashes WITH U.S. COMPANIES ON “ORDER” to abandon, CHINA
Rather, stocks plummeted on Wall Street after Trump said he would respond to China’s latest tariff increase by an appeal to U.S. companies you are considering alternatives to the business in China.
Shares had said to fluctuate between gains and losses earlier in the day to China, it would be subject to a retaliation against the latest round of tariffs, Washington, with tasks to $75 billion in U.S. products.
MOULTON ENDS LONG-SHOT White HOUSE BID IN 2020 at the LATEST, THE DROP-OUT
Moulton, a three-term Congressman from Massachusetts and a U.S. Navy veteran who served four tours of duty in Iraq-a war fought to gain traction in the Democratic race. He ended his long-shot bid in San Francisco at the Democratic National Committee’s summer meeting.
“I am ending my campaign for President,” Moulton, 40, said on Friday, adding, “I leave this race knowing that we have the issues raised are of vital importance for the American people and our future.”
To Trump if a reporter for Bloomberg News Moulton asked for his reaction to the tweet, the Democrat shot back: “I’m glad he thinks I have more influence over Wall Street as he does.”
Fox News’ Paul Steinhauser and The Associated Press contributed to this report.