Trump claims stock market would ‘crash' if Harris became president but Fox News ticker refutes his claims

BEDMINSTER, NEW JERSEY: Former president Donald Trump delivered an extensive speech on the economy at his New Jersey golf club on August 15, depicting the US economy as a "nightmare" and asserting that the election of Kamala Harris would lead to a stock market crash.

While Trump was speaking live on Fox News, a stock market ticker in the bottom right corner of the screen indicated that the Dow was up nearly 1.4 per cent, an increase of approximately 554 points. The Dow Jones Industrial Average surged to close at 40,563, and the Nasdaq ended the day by roughly 2.3 per cent.

Donald Trump warns of 1929-style crash under Kamala Harris

Trump launched an attack on Harris and President Joe Biden, making various claims regarding the economy, according to Media ITE.

Trump claimed “100 per cent of the net job creation in the last year is gone to migrants. You know that most of the job creation has gone to migrants. In fact, I’ve heard that substantially more than, beyond that, actually, beyond the number of 100 per cent, it’s a much higher number than that. But the government hasn’t caught up with that yet.”

He went on to say, “If she’s elected, Social Security will fail. It’ll be a blow up like you’ve never seen before. It’ll be the bankruptcy of the entire system, probably the nation itself.”

“You don’t have to imagine what a Kamala Harris presidency would be, because you’re living through that nightmare right now. And it is a nightmare. It’s a nightmare. And you’re going to stop inflation, but we’re going to have a crash, and we’re going to have a crash like a 1929 crash if she gets in," the former President added.

He further said, "You saw a gentleman yesterday who got up one of the top analysts in the world, frankly, and, said that if Trump is elected, he predicts and he’s predicting you have a stock market crash like 1929."

"He also said the only time and the only reason the stock market has gone up, even though it had some bad moments recently. But I think we’ll take, I think we’ll take a substantial lead,” Trump concluded.

Internet slams Donald Trump

As soon as the news hit social media, users launched attacks on Donald Trump. A user wrote, "Donald Trump more than doubled national dept when he was President. When Trump was President stock market drop OF ALL TIME worse than Great Depression"

Another added, "He has tried all the lies, now resorting to damn lies. He has no policies to help Americans, the only thing he has is to hurl insults like he’s in grade school."

The third commentator wrote, "He said the exact same thing about Biden. The only one crashing? IS HIM!"

"Hey Dummy get a pen and paper. The market is going up because there is so much money pushed out by the Biden administration floating around out there. That's the same reason we have had high inflation for the last 3.5 years. The market going up is very temporary at this point it will go down. Bookmark this" One explained.

A person stated, "it's so booooRing because he is not even saying what he will do, he doesn't have any policy to run on...just ranting and lies SMH"

Other chimed in, "If Trump's lips are moving, he's lying."

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.