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WASHINGTON -- President Joe Biden on Sunday abruptly abandoned his campaign for a second term under intense pressure from fellow Democrats and threw his support to Vice President Kamala Harris to lead their party in a dramatic last-minute bid to stop former President Donald Trump from returning to the White House.

Biden drops out of race, scrambling the campaign for the White House

<p>&gt;&gt; BREAKING NEWS FROM WRAL COVERAGE. YOU CAN COUNT ON. GOOD EVENING. THANKS FOR JOINING US TONIGHT. I'M JULIAN GRACE. BREAKING NEWS AT 6 PRESIDENT JOE BIDEN ANNOUNCES HE IS ENDING HIS RE-ELECTION CAMPAIGN. &gt;&gt; ALICE BARR HAS THE LATEST ON HIS DECISION. &gt;&gt; PRESIDENT BIDEN TODAY MAKING THE SEISMIC DECISION TO STEP OUT OF THE 2024 RACE FOR THE WHITE HOUSE, BRINGING AN ABRUPT END TO A HALF CENTURY CAREER IN POLITICS AFTER A DISASTROUS 90 MINUTE DEBATE RAISED SERIOUS QUESTIONS ABOUT THE 81 YEAR-OLD FITNESS FOR ANOTHER TERM IN OFFICE IN A STATEMENT POSTED ON X, THE PRESIDENT WRITING, QUOTE, IT HAS BEEN THE GREATEST HONOR OF MY LIFE TO SERVE AS YOUR PRESIDENT. AND WHILE IT HAS BEEN MY INTENTION TO SEEK REELECTION, I BELIEVE IT IS IN THE BEST INTEREST OF MY PARTY AND THE COUNTRY FOR ME TO STAND DOWN AND TO FOCUS SOLELY ON SOUTH FILLING MY DUTIES AS PRESIDENT FOR THE REMAINDER OF MY TERM. MISTER BIDEN THEN ENDORSED HIS VICE PRESIDENT, KAMALA HARRIS FOR THE NOMINATION AS THE PARTY SCRAMBLES TO CHANGE COURSE BEFORE NEXT MONTH'S DEMOCRATIC NATIONAL CONVENTION WITH JUST 4 MONTHS UNTIL THE NOVEMBER ELECTION. ONE OF THE PRESIDENT'S CLOSEST ALLIES, SENATOR CHRIS REACTING. HE HAS ALWAYS PUT OUR COUNTRY FIRST. HE HAS AN INCREDIBLE LEGACY OF SERVICE AND LEADERSHIP IN HER OWN STATEMENT. VICE PRESIDENT HARRIS THANKING THE PRESIDENT FOR HIS SERVICE AND HIS ENDORSEMENT AND SAYING IT'S HER INTENTION TO EARN AND WIN THIS NOMINATION AND UNITE THE DEMOCRATIC PARTY. THE NEWS CAPS A TUMULTUOUS WEEK BEGINNING WITH THE ATTEMPTED ASSASSINATION OF FORMER PRESIDENT TRUMP. AND AFTER WEEKS OF PRESSURE FROM DEMOCRATIC LAWMAKERS INCREASINGLY ANXIOUS, MISTER BIDEN COULD NOT DEFEAT MISTER TRUMP. THE FORMER PRESIDENT SLAMMED PRESIDENT BIDEN IN AN INTERVIEW WITH NBC NEWS AS THE RACE HITS AND HISTORIC RESET. I DON'T KNOW THAT. I THINK THAT SAYS THIS IS SCARY PART OF IT ALL. BUT WE JUST DON'T KNOW WHAT ANYTHING IS GOING TO HAPPEN. PROPELLING THE NATION INTO UNKNOWN TERRITORY IN WASHINGTON. ALICE BARR, NBC NEWS. &gt;&gt; LESS THAN AN HOUR AFTER POSTING THE LETTER ENDING HIS RE-ELECTION BID. BIDEN POSTED AN ENDORSEMENT OF KAMALA HARRIS ON FACEBOOK. IT SAID IN PART, QUOTE, TODAY I WANT TO OFFER MY FULL SUPPORT AND ENDORSEMENT OF COMPTON, KAMALA TO BE THE NOMINEE OF OUR PARTY THIS YEAR. DEMOCRATS HIS TIME TO COME TOGETHER AND BE TRUMP. LET'S DO THIS. VICE PRESIDENT KAMALA HARRIS RELEASED A STATEMENT FOLLOWING BIDEN'S ENDORSEMENT. SHE CALLED THE DECISION A SELFLESS AND PATRIOTIC ACT AND SAYS HE IS PUTTING THE AMERICAN PEOPLE AND OUR COUNTRY ABOVE EVERYTHING ELSE. HARRIS ALSO SHARED THAT SHE PLANS TO EARN AND WHEN THE DEMOCRATIC PARTY'S NOMINATION, SHE SAID IN PART, QUOTE, I WILL DO EVERYTHING IN MY POWER TO UNITE THE DEMOCRATIC PARTY AND UNITE OUR NATION TO DEFEAT DONALD TRUMP AND HIS EXTREME PROJECT 2025 AGENDA. FORMER PRESIDENT DONALD TRUMP WHO SECURED THE REPUBLICAN PARTY'S NOMINATION AT THE RNC CONVENTION THIS PAST WEEK REACTED TO BIDEN'S DECISION ON SOCIAL MEDIA. HE SAID IN PART, QUOTE, WE WILL SUFFER GREATLY BECAUSE OF HIS PRESIDENCY. BUT WE WILL REMEDY THE DAMAGE HE HAS DONE VERY QUICKLY. FORMER PRESIDENT BARACK OBAMA ALSO RELEASED A STATEMENT ABOUT BIDEN'S ANNOUNCEMENT TODAY. HE SAID IN PART, QUOTE, JOE BIDEN HAS BEEN ONE OF THE AMERICAS. MOST CONSEQUENTIAL PRESIDENTS AS WELL AS A DEAR FRIEND AND PARTNER TO ME TODAY. WE'VE ALSO BEEN REMINDED AGAIN THAT HE'S A PATRIOT OF THE HIGHEST ORDER THE QUESTION ON THE MINDS OF POLITICAL OBSERVERS TONIGHT IS WHETHER TODAY'S DEVELOPMENT WILL BRING THE DEMOCRATS TOGETHER OR FURTHER DIVIDE THEM. IT'S UNCLEAR AT THIS POINT WITH THE NOMINATION PROCESS WILL LOOK LIKE OR WHEN IT WILL HAPPEN. WRAL CAPITOL BUREAU CHIEF LAURA LESLIE JOINS US LIVE IN STUDIO WITH A LOOK AT WHETHER DEMOCRATS ARE LIKELY TO UNITE BEHIND THIS. VICE PRESIDENT HARRIS. &gt;&gt; JULIAN, TODAY'S ANNOUNCEMENT THROWS THE NOMINATING PROCESS INTO QUESTION. IT WILL BE UP TO DEMOCRATIC DELEGATES TO DECIDE WHO WILL BE AT THE MOMENT. WE DON'T EVEN KNOW WHO ELSE MIGHT BE ANGLING FOR CONSIDERATION. BIDEN'S ENDORSEMENT TODAY GIVES HARRIS A STRONG BOOST, BUT IT'S NOT A SLAM DUNK. AT A FUND-RAISER IN RALEIGH LAST NIGHT. STATE DEMOCRATS LIKE CONGRESSWOMAN DEBORAH ROSS SAID THE PARTY WILL COME TOGETHER BEHIND WHOEVER THE NOMINEE IS ON THE YELLOW DOG DEMOCRAT. I'D VOTE FOR YELLEN DOG OVER A JUNKYARD DOG. ANY DAY. THIS IS NOT ABOUT LYDEN. THIS IS ABOUT SAVING OUR DEMOCRACY AFTER PRESIDENT JOE BIDEN DROPPED OUT TODAY AND ENDORSED THE VICE PRESIDENT, KAMALA HARRIS WAS PRAISED BY HIS DECISION AND SAID THE PATH FORWARD IS CLEAR. WE MUST UNITE BEHIND VICE PRESIDENT KAMALA HARRIS. MANY OTHER ELECTED LEADERS LIKE FORMER PRESIDENT BARACK OBAMA AND GOVERNOR ROY COOPER. ALSO PRAISED BIDEN'S DECISION. &gt;&gt; BUT STOP SHORT OF ENDORSING HARRIS. DNC CHAIRMAN JAIME HARRISON SAID THE PARTY WILL UNDERTAKE A TRANSPARENT AND ORDERLY PROCESS TO MOVE FORWARD WITH A CANDIDATE WHO CAN DEFEAT DONALD TRUMP IN NOVEMBER. BIDEN'S ENDORSEMENT WILL CARRY WEIGHT WITH DELEGATES WHO ARE PLEDGED TO HIM, WHICH IS THE MAJORITY OF THEM. &gt;&gt; BUT THAT'S NOT A SLAM DUNK. THEY CAN CHOOSE TO SUPPORT SOMEONE ELSE. MY INTENTION IS TO EARN AND WIN THIS NOMINATION. HARRIS SAID IN A STATEMENT STILL CATAWBA COLLEGE POLITICAL SCIENTIST MICHAEL BITZER BELIEVES THE DEMOCRATS WILL NOMINATE HARRIS, ESPECIALLY AFTER BIDEN'S ENDORSEMENT. BLACK WOMEN VOTERS ARE THE MOST RELIABLE BASED THE PARTY HAS. IF YOU BYPASS THE FIRST AFRICAN-AMERICAN WOMAN TO POTENTIALLY HAD A TICKET, YOU ARE GOING TO HAVE TO DEAL WITH A CORE BASE OF THE DEMOCRATIC PARTY. &gt;&gt; AND THE POTENTIAL RETRIBUTION THAT THAT COULD BRING AS WELL. &gt;&gt; ACROSS COULD DEPEND ON WHETHER HOW AND WHEN THE NOMINATING PROCESS TAKES PLACE USUALLY HAPPENS AT THE CONVENTION. BUT THE DNC DOESN'T EVEN START UNTIL AUGUST 19TH AND SOME PARTY LEADERS SAY THAT'S TOO LONG TO WAIT FOR CERTAINTY. THEY'RE PUSHING TO HOLD A SO-CALLED VIRTUAL NOMINATION VOTE IN EARLY AUGUST. JULIAN, I'M LAURA, SO MANY QUESTIONS OUT THERE. THANK YOU SO MUCH. &gt;&gt; NORTH CAROLINA GOVERNOR ROY COOPER RESPONDING TO BIDEN'S ANNOUNCEMENT IN A STATEMENT SAYING IN PART, QUOTE, PRESIDENT BIDEN HAS SEEN IT IN HIS PLACE AMONG OUR NATION'S FINEST PRESIDENTS. I'M DEEPLY GRATEFUL TO CALL PRESIDENT JOE BIDEN, MY FRIEND. AND I THANK HIM FOR THE BOND FROM THE BOTTOM OF MY HEART. FOR HIS SERVICE TO OUR GREAT NATION. COOPER IS FACING A LOT OF THEM NATIONAL ATTENTION RIGHT NOW AFTER 2 PEOPLE CLOSE TO THE BIDEN-HARRIS CAMPAIGN SAID HE WOULD BE A CONTENDER TO JOIN THE HARRIS TICKET IF SHE BECAME THE DEMOCRATIC NOMINEE WRAL'S CARLY HAYNES IS LIVE OUTSIDE THE GOVERNOR'S MANSION WITH MORE DETAILS ON COOPER'S CHANCES. CARLY? &gt;&gt; WELL, JULIAN, THE MAN THROUGH THESE DOORS IS ON A SHORT LIST OF POSSIBLE VICE PRESIDENTIAL CANDIDATES, MAINLY FROM SWING STATES. BUT UNLIKE SOME OF THOSE OTHER CANDIDATES, GOVERNOR ROY COOPER'S COMING TO THE END OF HIS TERM, WHICH COULD FREE HIM UP JUST IN TIME. NORTH CAROLINA COULD BE REPRESENTED ON THE PRESIDENTIAL TICKET. WRAL, STATE GOVERNMENT REPORTER PAUL SPACE AS IF KAMALA HARRIS IS SELECTED AS THE PRESIDENTIAL NOMINEE. &gt;&gt; THERE'S A REAL CHANCE GOVERNOR ROY COOPER COULD BE HER RUNNING MATE. WE FIRST STARTED SEEING REPORTS ABOUT A COUPLE WEEKS AGO WHEN. &gt;&gt; YOU KNOW, PRESSURE WAS MOUNTING ON PRESIDENT BIDEN TO DROP OUT. THE LOGIC BOILS DOWN TO A FEW REASONS FOR WHY HE'S A DEMOCRAT PROVEN TO WIN IN A RIGHT-LEANING BATTLEGROUND STATE THAT COULD PULL MORE PEOPLE IN NORTH CAROLINA AND CONSERVATIVES ACROSS THE COUNTRY. TRUMP ONLY WON NORTH CAROLINA BY ABOUT ONE PERCENTAGE POINT BACK IN 2020. &gt;&gt; AND COOPER WON THAT VERY SAME YEARS TO SORT OF PULL THIS MAGIC TRICK OF BEING ABLE TO WIN. AT THE SAME TIME AS REPUBLICANS. AND HE'S BEEN DOING THAT THROUGHOUT HIS CAREER. AND SO THAT'S ONE THING THAT MIGHT MAKE HIM APPEALING TO THE DEMOCRAT SAYS, YOU KNOW, BEING ABLE TO WIN OVER SOME CONSERVATIVES ARE SOME SWING VOTERS SPACE AS COOPER HAS ALSO MADE IT THROUGH HIS POLITICAL CAREER WITHOUT MAJOR SCANDALS MAKING HIM A SAFER PICK. &gt;&gt; A FAMILIAR FACE THAT COULD BUILD INROADS ACROSS THE AISLE. WRAL DID REACH OUT TO COOPER STEAM TODAY. WE HAVEN'T HEARD BACK, BUT SO FAR COOPER HAS AVOIDED TALKING ABOUT THIS. &gt;&gt; CHOOSING INSTEAD TO VOICE HIS SUPPORT FOR PRESIDENT JOE BIDEN. CARLY HAYNES, WRAL NEWS LIVE IN RALEIGH. &gt;&gt; FOR MORE ON GOVERNOR ROY COOPER'S PROSPECTS AS A DEMOCRATIC RUNNING MAY GO TO OUR IN-DEPTH STORY AT NC CAPITOL SECTION OF WRAL DOT COM. YOU'LL ALSO FIND A LINK TO A SPECIAL EPISODE OF THE WRAL DAILY. DOWNLOAD BREAKING DOWN COOPER'S CHANCES. WELL, THE POLITICIANS ARE ALSO REACTING TO PRESIDENT BIDEN'S DECISION TO DROP OUT TONIGHT. SENATOR TED BUDD SAID IN PART THE DEMOCRATIC PARTY TRIED AND FAILED TO COVER UP PRESIDENT BIDEN'S COGNITIVE DECLINE, BUT THEY CANNOT COVER UP THE RECORD. HIGH INFLATION, OPEN BORDERS AND INTERNATIONAL CHAOS CREATED BY JOE BIDEN AND KAMALA HARRIS, NORTH CAROLINA, DEMOCRATIC CANDIDATE FOR GOVERNOR AND STATE ATTORNEY GENERAL JOSH STEIN SAID, QUOTE, PRESIDENT BIDEN IS A TRUE PATRIOT. HIS DECISION TODAY EXEMPLIFIES HIS COMMITMENT TO ALWAYS PUT HIS COUNTRY BEFORE HIMSELF. I THANK HIM FOR HIS REMARKABLE SERVICE TO OUR NATION. REPUBLICAN CANDIDATE LIEUTENANT GOVERNOR MARK ROBINSON HAS NOT COMMENT AT THIS TIME. HOUSE SPEAKER MIKE JOHNSON IS ONE OF THE POLITICIANS CALLING FOR BIDEN TO STEP DOWN FROM HIS ROLE AS PRESIDENT AS WELL. HE SAID IN THE STATEMENT, QUOTE, IT JOE BIDEN IS NOT FIT TO RUN FOR PRESIDENT. HE IS NOT FIT TO SERVE AS PRESIDENT. HE MUST RESIGN. THE OFFICE IMMEDIATELY. THEY'RE NOW IS SO MUCH UNCERTAINTY SURROUNDING PRESIDENT BIDEN'S DECISION SHOULD DROP OUT OF THE PRESIDENTIAL RACE. DAVID MCLENNAN, A POLITICAL SCIENCE PROFESSOR AT MEREDITH COLLEGE JOINS US LIVE NOW TO BREAK DOWN WHAT'S NEXT. PROFESSOR, WE THANK YOU FOR YOUR TIME. LET'S GET RIGHT INTO IT. NOW BIDEN HAS PREVIOUSLY SAID THAT IF HE WAS SUFFERING SOME TYPE OF HEALTH ELEMENT, HE WOULD STEP DOWN. THAT DOES NOT SEEM TO BE THE CASE. WHAT ARE SOME WONDERING IF HE SHOULD STEP DOWN AT THIS POINT? WELL, IT'S A QUESTION AND YOU'RE HEARING REPUBLICANS SAY THIS A LOT ABOUT HEARING DEMOCRATS SAY THIS AND NOBODY ON THE BIDEN CABINET. HE'S RAISING THIS. &gt;&gt; THIS REALLY IS PRETTY SIMILAR TO LBJ LEAVING THE RACE IN 1968, ALTHOUGH HE LEFT FOR HE WAS IN POOR HEALTH TO IT AND MADE IT THROUGH HIS ENTIRE PRESIDENCY. &gt;&gt; ALL RIGHT THERE. SO MANY QUESTIONS ABOUT THIS ONE AS WELL. WHAT ABOUT ALL THAT CAMPAIGN FUNDING MONEY THAT PRESIDENT BIDEN HAS RAISE? WHAT HAPPENS TO THAT NOW? WELL, WITH KAMALA HARRIS IS MUCH EASIER. SHE WAS ON THE OFFICIAL PAPERWORK AND THEY FILED THE PAPERWORK TO CHANGE THE NAME FROM BIDEN, HARRIS, TO JUST THE HARRIS CAMPAIGN WITH THE FTC THIS AFTERNOON. &gt;&gt; IF ISSUE SOMEONE ELSE, THERE ARE A LOT OF QUESTIONS. LET'S TALK ABOUT VOTER TURNOUT. WILL A NEW DEMOCRATIC CANDIDATE BRING MORE PEOPLE TO THE POLLS? &gt;&gt; THAT'S A REAL YOU KNOW, CERTAINLY JOE BIDEN'S APPROVAL RATING HAD GONE DOWN. YOU KNOW, HIS NUMBERS WERE PRETTY LOW. ALWAYS ANYONE ON THE BALLOT. KAMALA HARRIS OR SOME OTHER DEMOCRATS GOING TO CREATE SOME ENTHUSIASM IT HOW LONG THAT ENTHUSIASM LAST ONE LAST UNTIL ELECTION DAY. WE'LL HAVE TO WAIT AND SEE ABOUT THAT. THERE'S SO MANY RACES ON IN NORTH CAROLINA. WHAT ABOUT THE IMPACT ON OTHER DEMOCRATIC RACES ON THE BALLOT HERE IN NORTH CAROLINA? WELL, HAVING A STRONGER PERSON AT THE TOP OF THE TICKET, SOMEONE WHO IS BRINGING A VOTE IS GOING HELP PEOPLE DOWN BALLOT. SO YOU WOULD THINK THAT. HARRIS OR ANOTHER CANDIDATE WOULD ADD SOME ENTHUSIASM TO DEMOCRATIC AND DEMOCRATIC LEANING VOTERS AND THAT WOULD HELP FROM THE GOVERNOR'S RACE ALL THE WAY DOWN THE BALLOT. YEAH, LET'S STRETCH THAT QUESTION OUT A LITTLE BIT MORE PROFESSOR. WE'VE REPORTED THE COOPER COULD BE A VP CANDIDATE OF HARRIS OR THE NOMINEE. NOW, WOULD THAT BE ENOUGH TO HELP DEMOCRATS WIN NORTH CAROLINA? &gt;&gt; WELL, RESEARCH TELLS US TO THE VICE PRESIDENT HELPS ABOUT 3% AND HIS OR HER HOME STATE. SO IF THIS RACE WERE TO TIGHTEN UP THE COOPER. VICE PRESIDENT JOE LLAMA NATION COULD, IN FACT BE ENOUGH TO SWING THE RACE TOWARD THE DEMOCRATS. SO MANY QUESTIONS AND WHAT A BUSY, BUSY DAY. THANK YOU AGAIN, PROFESSOR MCLENNAN FOR JOINING US, POLITICAL SCIENCE PROFESSOR</p>

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Volume	4,910
Open	25.10
Bid (Size)	18.99 (1)
Ask (Size)	31.38 (1)
Prev. Close	25.11
Today's Range	25.09 - 25.11
52wk Range	24.29 - 25.44
Shares Outstanding	21,300
Dividend Yield	4.65%

YTD	+0.86%	+0.86%
1 Month	-1.18%	-1.18%
3 Month	+0.12%	+0.12%
6 Month	+0.68%	+0.68%
1 Year	+2.18%	+2.18%

Purebetasm 0-5 Yr US TIPS Invesco ETF (NY: PBTP )

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