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Shocking stats show how Trump’s ‘record stock market’ is only helping the super rich

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President Donald Trump regularly crows about the performance of the stock market during his presidency, but that particular talking point is likely to fall flat with ordinary American voters.

The Financial Times reports that new research from Goldman Sachs shows that “the richest 1 percent of Americans now account for more than half the value of equities owned by U.S. households,” while the bottom 90 percent of the country held just 12 percent of the value of stocks.

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What’s more, Goldman Sachs believes that soaring equities prices will only enable the super rich to strengthen their grip on stock market wealth.

“The wealthiest households have been by far the biggest driver of positive household equity demand,” the report states. “Accelerating US economic growth and rising stock prices should continue to support equity purchases by the top 1 percent.”

Exacerbating this problem, writes the Financial Times, has been the sluggish wage growth for ordinary workers.

“The widening wealth disparity has been driven by stagnant wages for many Americans, which held them back from partaking in the stock market’s gains of the past decade,” the publication writes. “Despite the dotcom collapse and the global financial crisis, the broad US stock market has climbed more than tenfold since 1990 — gains that have mostly accrued to the richest part of the population.”


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Trump calls Minneapolis protesters ‘thugs’ — and threatens military action

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President Donald Trump blasted protesters in Minnesota outraged over the killing of George Floyd.

“ I can’t stand back & watch this happen to a great American City, Minneapolis,” Trump tweeted after midnight.

“A total lack of leadership. Either the very weak Radical Left Mayor, Jacob Frey, get his act together and bring the City under control, or I will send in the National Guard & get the job done right,” he wrote, even though the National Guard was already deployed.

“ These THUGS are dishonoring the memory of George Floyd, and I won’t let that happen. Just spoke to Governor Tim Walz and told him that the Military is with him all the way. Any difficulty and we will assume control but, when the looting starts, the shooting starts,” he threatened.

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2020 Election

Trump loyalist Lindsey Graham locked in dead heat with Democratic challenger in red South Carolina

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Sen. Lindsey Graham, R-S.C., is locked in a dead heat in his bid to win re-election, a new online poll finds.

Graham, who has represented South Carolina in Congress since 1995 and held his Senate seat since 2003, has in recent months faced mounting pressure from Democratic challenger Jaime Harrison. A new Civiqs poll released this week finds the two rivals tied at 42%.

A deeper dive into the poll reveals more possibly unnerving developments for Graham. Fifty-six percent of South Carolina voters have an unfavorable view of the senator, while only 35% have a positive view of him.

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WATCH: Minneapolis police station burns after protesters reportedly seize the building

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On Thursday night, the Minneapolis Police Department's third precinct was destroyed.

Here are some of the images from the scene.

https://twitter.com/david_schuman/status/1266225916734083073

https://twitter.com/cityminneapolis/status/1266224316645027841

https://twitter.com/carlosgphoto/status/1266217996395204608

https://twitter.com/seth_kaplan/status/1266214898171772930

https://twitter.com/nickstreiff/status/1266208914808492033

https://twitter.com/ur_ninja/status/1266228441449365504

https://twitter.com/echalouxkstp/status/1266215697002254337

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