Biden slams Trump as he touts record-high Dow crossing 40,000

U.S. President Joe Biden delivers remarks on the September Jobs Report at the White House in Washington, D.C., on Oct. 6, 2023.

Kevin Dietsch | Getty Images

President Joe Biden’s campaign ripped presumptive Republican nominee Donald Trump after the Dow Jones Industrial Average hit a record 40,000 on Thursday.

“Toughest news yet for the one guy in America rooting for the economy to crash because he thinks it’ll help him politically,” said Michael Tyler, Biden’s campaign communication director. “Donald Trump promised the stock market would crash if Joe Biden was elected. Instead, Joe Biden has broken economic records across the board.”

The Dow’s milestone comes with Biden effectively tied nationally in the polls with Trump, as the former president is facing trial in New York.

Biden’s camp is pushing to use the historic moment for the Dow as a way to tout what they see as a strong economy in contrast with when Trump was president.

Trump used a similar tactic when he was in office. After the Dow hit 30,000 in 2020, Trump held a press conference at the White House to tout the milestone.

Read more CNBC market news

Former U.S. President and Republican presidential candidate Donald Trump attends trial at Manhattan Criminal Court on May 16th 2024 in New York City, U.S. 

Steven Hirsch | Via Reuters


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