All three of the major indexes (^DJI,^GSPC, ^IXIC) closed sharply lower on Monday as part of a wider global sell-off spurred by the weaker-than-expected July jobs report. Former President Donald Trump characterized it in a Truth Social post as "TRUMP CASH vs. KAMALA CRASH!" But Vice President Kamala Harris may not have to worry about the sharp decline in stocks just yet. Yahoo Finance senior columnist Rick Newman explains why in the video above. He also takes a closer look at who Harris may name as her own VP pick.

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This post was written by Stephanie Mikulich.