Why Isn’t Wall Street Freaking Out?

Kamala Harris’s Speech • Barack Obama's Warning • Trump’s Puerto Rico Trade [View in your browser]( | [Update your preferences](newsletter=vf) [Vanity Fair]( Why Isn’t Wall Street Freaking Out? Good morning from the Hive newsroom! As Donald Trump rage-tweeted last night, Barack Obama delivered a blistering DNC speech highlighting his successor’s failures and ignorance—and urging Americans to preserve democracy by electing Joe Biden, Charlotte Klein [reports.]( “Right now," Kamala Harris said, “we have a president who turns our tragedies into political weapons.” If Biden wins in November—and Trump [actually leaves]( the White House—Republicans will probably start caring again about the growing national debt and federal deficits. For now, William D. Cohan [finds]( that Wall Street isn’t worried about the exploding numbers provided interest rates stay low and the U.S. remains the world’s reserve currency. If the latter changes, says one expert, “we are screwed.” Thanks for reading! [Why Isn’t Wall Street Freaking Out Over Exploding Debt and Deficits?]( By [William D. Cohan]( [Historically low interest rates are keeping bankers’ fears at bay—even amid the economic shock of the pandemic. But if the U.S. stops being the world’s reserve currency, says one expert, “we are screwed.”]( [Image]( [The Hive 1]( [Another Four Years of Trump Could Be the Death of Democracy, Obama Warns]( By [Charlotte Klein]( [On Night 3 of the DNC, the former president highlighted Trump’s first-term failures and the danger of reelection. “We have a president who turns our tragedies into political weapons,” said Kamala Harris.]( [Read More]( [The Hive 2]( [Conservative Media Frames AOC as Joe Biden Backstabber]( By [Eric Lutz]( [The New York Post and Fox News seized on the congresswoman following routine convention procedure when she nominated Bernie Sanders for president Tuesday night, while NBC News deleted a tweet poorly characterizing her remarks.]( [Read More]( [The Hive 3]( [Bigoted, Trump-Approved Candidate Laura Loomer Shows Where the GOP Is Headed]( By [Caleb Ecarma]( [The president celebrated the outspoken Islamophobe’s Republican primary win in Florida, along with a “future Republican Star”—and QAnon conspiracist—in Georgia. QAnon’s followers, he told reporters Wednesday, “love our country.”]( [Read More]( [The Hive 4]( [Ex-Staffer: Trump Wanted to Trade “Dirty” Puerto Rico for Greenland]( By [Tarisai Ngangura]( [Former DHS chief of staff Miles Taylor is making the media rounds to hit his former boss, joining a cadre of opportunistic ex-staffers desperate to rebrand.]( [Read More]( [(image) Condé Nast Spotlight | The breaking news and top stories everyone is talking about. All in one place. The most popular stories from Vogue, GQ, The New Yorker, Vanity Fair, Wired, Architectural Digest and more. STAY INFORMED]( [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( This e-mail was sent to you by The Hive. To ensure delivery to your inbox (not bulk or junk folders), please add our e-mail address, vanityfair@newsletter.vf.com, to your address book. View our [Privacy Policy]( [Unsubscribe]( Sent from Condé Nast, 1 World Trade Center, New York, NY 10007 Copyright © 2020 Condé Nast