Trump could exit the presidential race of 2020: "Bond King" Jeffrey Gundlach



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Bond King, Jeffrey Gundlach, gave FOX Business a very bold prediction for the 2020 presidential race, suggesting that President Trump may not run for re-election.

"I'm not even sure if it's really going to run," said Gundlach, co-founder and CEO of DoubleLine Capital, during an exclusive interview with Neil Cavuto on Wednesday.

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Gundlach added that the president's second term will be determined by the success of the US economy.

"If the economy goes into recession and it can not get the tariffs out, there is very little for it to run," he said.

Trump launched its re-election campaign in 2020 on Tuesday night in front of a crowded crowd at the Amway Center in Orlando. The president praised the economy under his administration as "envy of the world."

"Our country is climbing to incredible new heights," he said. "Our economy is the envy of the world, perhaps the biggest economy we've had in our country's history, and as long as you keep that team in place – we have a tremendous way to go – our future has never looked brighter or pointed.

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Gundlach said that as long as the economy does not falter, Trump will win re-election. But he warns, there is a chance that Trump can get out of the presidential race.

"Lyndon Johnson ran for a while too and then retired because of war problems," Gundlach said.

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