Source: Broker China
New news from America!
According to US media reports, the amount of campaign funds raised by former US President Trump in April surpassed current President Joe Biden for the first time.
Meanwhile, another piece of news related to Trump also attracted attention. As a result, the previously disclosed financial results showed a sharp loss. In the intraday market on Tuesday,$Trump Media & Technology (DJT.US)$At one point, the stock price plummeted by nearly 13%.
Trump surpasses Biden
According to various media reports such as Reuters and CNN, former US President Trump raised more funds last month than current President Joe Biden. In April, Biden and the Democratic Party raised $51 million, and Trump and the Republican National Committee raised $76 million, according to campaign statements. However, as of the beginning of May, Biden still had $192 million in campaign cash on his account, which is twice as much as Trump's.
Biden has always been ahead of Trump when it comes to monthly fundraising. Trump's fundraising spike in April was due to a fundraising event in Palm Beach, Florida, which was held in the hometown of billionaire investor John Paulson (John Paulson). At the time, it received support from major donors in the oil and gas industry, raising a total of $50.5 million. Paulson has been nominated by Trump as a potential Treasury Secretary.
The report said that this incident is a much-needed impetus for Trump. He is often surpassed by Biden, and he is in the midst of financial austerity due to the continuous expansion of legal expenses in lawyers' fees and criminal and civil court cases. The Trump campaign said in a statement that their April fundraising campaign “was particularly notable because for the past four weeks, he was confined to court for nearly nine hours a day to fight against Biden's trial.”
According to Reuters, recent polls show that there are only more than five months left until the November 5 election. Biden and Trump are evenly matched in US polls, while Trump has an advantage in key states. Trump's overall score among voters was higher than Biden on economic issues such as inflation.
During the election campaign, Trump has always criticized Biden's economic policies. Recently, Trump criticized Biden's treatment of US inflation on TV media, and claimed that Biden blamed his “economic disaster” on “big companies making candy such as chocolate Snickers smaller.”
The Biden campaign issued a statement saying that most of their April fundraising came from grassroots donors and that “Trump is almost entirely focused on attracting billionaires.”
Biden's campaign said April was the month with the most donations from regular donors so far, and these donors donated more than 5.5 million US dollars. Additionally, Biden added 1 million supporters to his April fundraising record.
Agree on two “wars of words”
According to Xinhua News Agency, US Democratic President Joe Biden “wrote down the war” to his Republican predecessor Trump on May 15, proposing to abandon decades of tradition of fall debates and hold two offline debates early.
The two debates were hosted by CNN (CNN) and the American Broadcasting Corporation (ABC) on June 27 and September 10, respectively. The first debate on June 27 will be the first time in four years that Biden and Trump “face to face” on the same occasion.
Trump has called out to Biden many times before to argue before the presidential election. Later on the 15th, Trump proposed more debates with Biden. However, the Biden campaign responded that the president clearly only had “two one-on-one debates.”
The US presidential election is scheduled to be held in early November. Although Biden and Trump have separately “locked down” the Democratic and Republican presidential candidates, they have yet to be officially confirmed as their party's presidential candidates by their party's National Convention.
According to foreign media, the two quickly settled their arguments, showing that they both believed they could defeat their opponents in a head-to-head confrontation.
The Biden side wants to use the debate to reveal the weaknesses of Trump's policy proposition and its unpopular personality; Trump wants the current president to “make a mistake” during the debate, thereby amplifying voters' concerns about his advanced age and ability.
Some American scholars have pointed out that “very few” presidential candidate debates have a “long-term impact” on voters. However, according to foreign media, although a head-to-head confrontation is risky for both, it is also necessary in the context of a tight election situation.
Trump Media Technology Group lost a huge amount
On Monday local time, Trump Media Technology Group released its first performance report since listing.
According to the data, the company's revenue for the first quarter was only 770,500 US dollars, and the total revenue for the second consecutive quarter was less than $1 million; while the quarterly net loss reached US$327.6 million, which mainly included US$311 million in non-cash expenses related to the merger of the special purpose acquisition company (SPAC) DWAC. In the same period last year, the company reported a loss of $21,03 million.
Trump Media Technology Group said the company is currently in the “early stages” of its development and is still focused on long-term product development rather than quarterly revenue. The company acknowledged that its advertising business is just getting started and said it believes new products such as streaming will boost its performance in the future.
The company said on Monday that it has cooperated with the US Financial Industry Regulatory Authority (FINRA) in its empty check merger and acquisition case. The company said that FINRA is Wall Street's self-regulatory regulator, and its investigation is mainly related to the announcement of a deal prior to the DWAC merger, and should not be viewed as an indication of misconduct.
Since its listing, Trump Media Technology Group's stock price has been on a roller coaster. On March 26, Trump supporters and speculators snapped up the company's shares in a big way, causing the stock price to soar 59% when it first appeared on the NASDAQ, but since then, the stock price has continued to fall, and recently the stock price has rebounded again.
However, the disclosure of the above financial report put pressure on the company's stock price once again. On Tuesday, the stock price of Trump Media Technology Group once plummeted by nearly 13%. By the close, the market value was only 7.8 billion US dollars.
editor/tolk