Leon Cooperman, the hedge fund billionaire who has famously clashed with Sen. Elizabeth Warren over her proposed wealth tax, is cautioning voters against returning Donald Trump to the White House.
“It would be terrible for the country if Donald Trump were reelected,” Cooperman told CNN in a phone interview late last week. “He’s a divisive human being who belongs in jail.”Cooperman, in the past, has donated to mostly Republicans and forcefully battled with Warren over her proposed Ultra-Millionaire Tax.Cooperman told CNN he’s not thrilled with the prospect of a Biden-Trump rematch in 2024, calling them both “bad choices.
In response, Trump campaign spokesperson Steven Cheung said Trump “will be the nominee and will beat Biden because he’s the only person who can supercharge the economy, secure our border, safeguard communities and put an end to unnecessary wars.” The CEO of Omega Advisors said he’s “absolutely” worried there will be a financial impact from the conflict, adding that recent selling on Wall Street suggests the stock market is “catching up with reality now.”
A small disruption, such as the one during the Libyan civil war, could lift oil prices to as high as $102 a barrel, according to the World Bank analysis. A medium-level disruption would spike oil to $121 a barrel, while a severe disruption like the 1973 Arab oil embargo could cause oil to skyrocket up to $157 a barrel.
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