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Trump injured but ‘fine’ after assassination attempt; FBI identifies gunman



Former President Donald Trump was the target of an assassination attempt Saturday at a Pennsylvania rally, days before he was to accept the Republican nomination for a third time. A barrage of gunfire set off panic, and a bloodied Trump, who said he was shot in the ear, was surrounded by Secret Service and hurried to his SUV as he pumped his fist in a show of defiance.

Trump’s campaign said the presumptive GOP nominee was doing “fine” after the shooting, which he said pierced the upper part of his right ear.

“I knew immediately that something was wrong in that I heard a whizzing sound, shots, and immediately felt the bullet ripping through the skin. Much bleeding took place,” he wrote on his social media site.

The FBI early Sunday named Thomas Matthew Crooks, 20, of Bethel Park, Pennsylvania, as the subject involved in the assassination attempt. The agency said the investigation remains active and ongoing.

One attendee was killed and two spectators were critically injured, authorities said. All were identified as men. The Secret Service said it killed the suspected shooter — who it said attacked from an elevated position outside the rally venue, a farm show in Butler, Pennsylvania — and said Trump was safe.

The FBI said during a press conference late Saturday that they were not prepared to release the identity of the shooter and had not yet identified a motive for the assassination attempt.

The attack was the most serious attempt to assassinate a president or presidential candidate since Ronald Reagan was shot in 1981. It drew new attention to concerns about political violence in a deeply polarized U.S. less than four months before the presidential election. And it could alter the tenor and security posture at the Republican National Convention, which will begin Monday in Milwaukee.

Organizers said the convention would proceed as planned.

Trump flew to New Jersey after visiting a local Pennsylvania hospital, landing shortly after midnight at Newark Liberty International Airport. Video posted by an aide showed the former president deplaning his private jet flanked by U.S. Secret Service agents and heavily armed members of the agency’s counter assault team — an unusually visible show of force by his protective detail.

President Joe Biden, who is running against Trump, was briefed on the incident and spoke to Trump several hours after the shooting, the White House said.

“There’s no place in America for this type of violence,” the president said in public remarks. “It’s sick. It’s sick.”

Biden planned to return to Washington early, cutting short a weekend at his beach home in Rehoboth Beach, Delaware.

Many Republicans quickly blamed the violence on Biden and his allies, arguing that sustained attacks on Trump as a threat to democracy have created a toxic environment. They pointed in particular to a comment Biden made to donors on July 8, saying “it’s time to put Trump in the bullseye.”

In the coming days, much of the focus will shift to the shooter and security lapses. The shooter was not an attendee at the rally and was killed by U.S. Secret Service agents, according to two officials who spoke to the Associated Press on the condition of anonymity to discuss the ongoing investigation.

The officials said the shooter was engaged by members of the U.S. Secret Service counterassault team. The heavily armed tactical team travels everywhere with the president and major party nominees and is meant to confront any active threats while other agents focus on safeguarding and evacuating the person at the center of protection.

Law enforcement recovered an AR-style rifle at the scene, according to a third person familiar with the matter who spoke on condition of anonymity to discuss the ongoing investigation.

An AP analysis of more than a dozen videos and photos from the scene of the Trump rally, as well as satellite imagery of the site, shows the shooter was able to get astonishingly close to the stage where the former president was speaking. A video posted to social media and geolocated by the AP shows the body of a person wearing gray camouflage lying motionless on the roof of a building at AGR International Inc., a manufacturing plant just north of the Butler Farm Show grounds where Trump’s rally was held.

The roof where the person lay was less than 150 meters (164 yards) from where Trump was speaking, a distance from which a decent marksman could reasonably hit a human-sized target. For reference, 150 meters is a distance at which U.S. Army recruits must hit a scaled human-sized silhouette to qualify with the M-16 rifle. The AR-15, like the shooter at the Trump rally had, is the semi-automatic civilian version of the military M-16.

Asked at the press conference whether law enforcement did not know the shooter was on the roof until he began firing, Kevin Rojek, Special Agent in Charge of the FBI’s Pittsburgh Field Office, responded that “that is our assessment at this time”

“It is surprising” that the gunman was able to open fire on the stage before the Secret Service killed him, he added.

Homeland Security Secretary Alejandro Mayorkas, whose department oversees the Secret Service, said officials were engaged with the Biden and Trump campaigns and “taking every possible measure to ensure their safety and security.”

A rally disrupted by gunfire

Trump was showing off a chart of border crossing numbers when the gunfire began after 6:10 p.m.

As the first pop rang out, Trump said, “Oh,” and the raised his hand to his right ear and looked at it, before quickly crouching to the ground behind his lectern. The people in the stands behind him also crouched down as screams rang through the crowd.

Someone could be heard near the microphone saying, “Get down, get down, get down, get down!” as agents rushed to the stage. They piled atop the former president to shield him with their bodies, as is their training protocol, as other agents took up positions on stage to search for the threat.

Screams were heard in the crowd of several thousand people. A woman screamed louder than the rest. Afterward, voices were heard saying “shooter’s down” several times, before someone asked “are we good to move?” and “are we clear?” Then, someone ordered, “Let’s move.”

Trump could be heard on the video saying at least twice, “Let me get my shoes, let me get my shoes,” with another voice heard saying, “I’ve got you sir.”

Trump got to his feet moments later and could be seen reaching with his right hand toward his face, which was smeared with blood on his face. He then pumped his fist in the air and appeared to mouth the word “Fight” twice his crowd of supporters, prompting loud cheers and then chants of “USA. USA. USA.”

The crowd cheered as he got back up and pumped his fist.

His motorcade left the venue moments later. Video showed Trump turning back to the crowd and raising a fist right before he was put into a vehicle.

Witnesses heard multiple gunshots and ducked for cover

“Everybody went to their knees or their prone position, because we all knew, everyone becoming aware of the fact this was gunfire,” said Dave McCormick, the Republican candidate for U.S. Senate in Pennsylvania, who was sitting to Trump’s right on stage.

As he saw Trump raise his fist, McCormick said, he looked over his shoulder and noticed someone had been hit while sitting in the bleachers behind the stage.

Eventually, first responders were able to carry the injured person out of a large crowd so he could get medical care, McCormick said.

Reporters covering the rally heard five or six shots ring out and many ducked for cover, hiding under tables. After the first two or three bangs, people in the crowd looked startled, but not panicked. An AP reporter at the scene reported the noise sounded like firecrackers at first or perhaps a car backfiring.

When it was clear the situation had been contained and that Trump would not be returning to speak, attendees started filing out of the venue. One man in an electric wheelchair got stuck on the field when his chair’s battery died. Others tried to help him move.

Police soon told the people remaining to leave the venue and Secret Service agents told reporters to get “out now. This is a live crime scene.”

Two firefighters from nearby Steubenville, Ohio, who were at the rally told the AP that they helped people who appeared injured and heard bullets hitting broadcast speakers.

“The bullets rattled around the grandstand, one hit the speaker tower and then chaos broke. We hit the ground and then the police converged into the grandstands, said Chris Takach.

“The first thing I heard is a couple of cracks,” Dave Sullivan said.

Sullivan said he saw one of the speakers get hit and bullets rattling and, “we hit the deck.”

He said once Secret Service and other authorities converged on Trump, he and Takach assisted two people who may have been shot in the grandstand and cleared a path to get them out of the way.

“Just a sad day for America,” Sullivan said.

“After we heard the shots got fired, then the hydraulic line was spraying all around, you could see the hydraulic fluid coming out of it. And then the speaker tower started to fall down,” Sullivan said. “Then we heard another shot that, you could hear, you knew something was, it was bullets. It wasn’t firecrackers.”

Political violence again shakes America

The perils of campaigning took on a new urgency after the assassination of Robert F. Kennedy in California in 1968, and again in 1972 when Arthur Bremer shot and seriously hurt George Wallace, who was running as an independent on a campaign platform that has sometimes been compared to Trump’s. That led to increased protection of candidates, even as the threats persisted, notably against Jesse Jackson in 1988 and Barack Obama in 2008.

Presidents, particularly after the assassination of John F. Kennedy in 1963, have even greater layers of security. Trump is a rarity as both a former president and a current candidate.

North Dakota Gov. Doug Burgum, Florida Sen. Marco Rubio and Ohio Sen. JD Vance, the three men on Trump’s shortlist for vice president, all quickly sent out statements expressing concern for the former president, with Rubio sharing an image taken as Trump was escorted off stage with his fist in the air and a streak of blood on his face along with the words “God protected President Trump.”

Pennsylvania Gov. Josh Shapiro, a Democrat, said in a statement on X that he had been briefed on the situation and Pennsylvania state police were on hand at the rally site.

“Violence targeted at any political party or political leader is absolutely unacceptable. It has no place in Pennsylvania or the United States,” he said.



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Doris Matsui of California’s 7th District purchases U.S. Treasury Note By Investing.com

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In a recent transaction, Doris O. Matsui, the congresswoman from California’s 7th congressional district, has made a significant investment in the U.S. Treasury Note due 05/31/2026 (GS). The purchase was made on September 3, 2024, and was reported the following day.

The investment was made through a purchase, indicating an increase in Matsui’s holdings in government securities. The transaction was valued between $500,001 and $1,000,000, marking a substantial addition to her portfolio.

The type of account used for this transaction was not specified in the congressional trade report. However, it is important for investors to note that such investments in government securities are often considered a safe haven, especially during periods of market volatility.

This purchase of a U.S. Treasury Note by Matsui is a notable move, demonstrating her confidence in the stability and future performance of government securities.

As a reminder, the STOCK Act requires all members of Congress to disclose their transactions to ensure transparency and prevent any potential conflicts of interest. Matsui has complied with this requirement by disclosing her recent purchase of the U.S. Treasury Note.

InvestingPro Insights

As investors consider the implications of Congresswoman Doris O. Matsui’s recent investment in U.S. Treasury Notes, it may be beneficial to compare the stability of government securities with the performance of a prominent player in the Capital Markets industry, such as Goldman Sachs (GS). Goldman Sachs has been demonstrating resilience and growth, as evidenced by the latest metrics from InvestingPro.

InvestingPro Data reveals that Goldman Sachs has a market capitalization of $154.9 billion, underlining its significant presence in the industry. Its Price to Earnings (P/E) Ratio stands at 14.78, suggesting that the company is trading at a reasonable valuation relative to its earnings. Moreover, the company has experienced a robust 11.74% revenue growth over the last twelve months as of Q2 2024, highlighting its ability to expand its financial footprint in a competitive sector.

InvestingPro Tips highlight that Goldman Sachs has not only maintained its dividend payments for 26 consecutive years but has also raised its dividend for 12 consecutive years, indicating a strong and consistent return to shareholders. This consistency in dividend growth, with a 20.0% increase in the last twelve months as of Q2 2024, may appeal to investors seeking reliable income streams, similar to those provided by government securities.

For those seeking more in-depth analysis, InvestingPro offers additional insights on Goldman Sachs, including tips related to the company’s cash flow, earnings growth, and analysts’ profitability predictions for the year. There are 13 more InvestingPro Tips available, which can provide investors with a comprehensive understanding of Goldman Sachs’ financial health and market position.

As constituents and market participants monitor Congresswoman Matsui’s investment strategy, the robust performance and strategic financial management of companies like Goldman Sachs may offer an interesting point of comparison for those assessing risk and stability in their own portfolios.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.





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Fed cuts proposed capital requirements for large US banks in half

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The Federal Reserve has cut proposed capital requirements for large US banks by more than half after a backlash from the industry and politicians.

Michael Barr, the US central bank’s top regulator, announced a revised plan on Tuesday that imposes a 9 per cent increase in capital requirements on the biggest lenders, down from the 19 per cent proposed last summer.

The revised rules are a win for banks, which had waged a lobbying blitz against the proposal.

They are a blow for Barr, who had hoped to use the package of banking reforms dubbed “Basel Endgame” to address what he viewed as remaining vulnerabilities in the US financial system.

An initial package of reforms called Basel III was implemented in the wake of the 2008 financial crisis.

Barr characterised the latest changes as a “reproposal”.

This is a developing story



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Boeing union members angry over size of negotiated 25% raise may sink tentative contract deal

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Boeing Co. faces growing backlash from rank-and-file workers to a tentative agreement — including a 25% pay raise — it struck with its largest labor union during a marathon weekend bargaining session.

In an exclusive interview, Jon Holden, president of IAM District 751, said he understood the angry response from members still seething over a 2014 deal that hiked health care costs and stripped away pensions. He defended the sprawling agreement unveiled Sunday as the best his team could obtain during the final frenzied days of negotiations that included a brief appearance by Boeing’s new Chief Executive Officer, Kelly Ortberg.

“We got as much as we could in collective bargaining, short of a strike,” Holden said. “But rightfully so, members are angry. It’s now in their hands, as it is supposed to be.”

While investors welcomed the preliminary deal — sending Boeing shares up 3.4% in New York on Monday — it’s far from certain that the 33,000-member union will accept the offer. Maintaining labor peace and averting a lengthy strike is crucial to Boeing’s effort to repair its battered balance sheet and improve the quality of work in its factories after years of turmoil. 

The 25% pay boost over four years offered by Boeing is less than the union’s initial 40% demand. However, it stacks up well against other recent labor deals. The company is offering an immediate 11% pay raise that would mean the highest-paid workers make $57.43 an hour. For some labor grades, minimum wages will increase as much as 42.3% when cost-of-living adjustments are included.

The United Auto Workers ended a lengthy strike last year after reaching a deal for a 25% hourly pay raise over a more-than-four-year contract. At Stellantis NV, the top hourly wage will exceed $42 an hour by 2028. At Spirit AeroSystems Holdings Inc., workers got a 23.5% pay boost over four years.

Boeing’s offer also eliminates a controversial bonus for IAM members that was tied to internal measures for productivity, quality and safety. Workers are furious at the change, even though they were frustrated at times with the formula that could be skewed by supplier miscues.

Holden acknowledged that his team had focused on guaranteed wages since members considered it a top priority in meetings over the past two years. “I do understand the frustration in not having annual bonuses,” he added.

Strike Preparations

Members of the International Association of Machinists and Aerospace Workers will vote Thursday on whether to accept the deal, and whether to strike. If Boeing’s offer is rejected and two-thirds support the work stoppage, then employees will walk off the job at 12:01 a.m. on Friday.

“Because they haven’t had a contract negotiation since 2008, the expectations would be high,” said Leon Grunberg, a long-time observer of Boeing labor relations and professor emeritus of sociology at the University of Puget Sound. “But Boeing’s in such a vulnerable place right now that this is probably as generous as they could be.”

From northern California to Idaho, strike preparations are under way, with IAM members making signs along with “burn barrels” to warm picket lines. In online forums, hundreds of employees vented their rage, often in harsh terms, at a deal they say doesn’t do enough to improve their financial standing. 

Leaflets distributed around Boeing’s Everett factory on Monday urged workers to reject “Boeing’s Bad Deal” and to approve authorizing a strike when they vote on Thursday. It demanded the union fight for a 40% wage increase, board seat and pensions.

“Stand strong,” said a handout viewed by Bloomberg. “We deserve a fair deal.”

Holden acknowledged the union got a lot, but not all that it had sought in bargaining the first comprehensive deal in 16 years. But he said he ultimately decided to recommend that members accept Boeing’s offer because he can’t guarantee that a strike would produce a better deal.

“It’s irresponsible to ask people to strike for something I’m unsure we can accomplish,” Holden said. “You have to think of the weight of 33,000 families.”

Ortberg’s Role

Ortberg, who took over as Boeing CEO in early August, has vowed to return focus to the planemaker’s manufacturing roots, after a midair blowout on one of its jets early this year threw a spotlight on its manufacturing and safety record. The new chief had largely stayed out of the contract talks, which kicked off in early March and intensified over the past month when the two sides were holed up in a Seattle hotel.

But he came in for a short meeting on Saturday, weighing in on “job security,” a contentious issue with union leaders pressing Boeing to commit to building its next new plane in the Puget Sound region.

“He did give a commitment on job security,” Holden said. “Then we have work to do to make it worth something.”

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