Donald Trump is widely known as a man who relishes superlatives and closely follows financial markets. But his role presiding over a historic first for Wall Street and the White House comes with a wrinkle.
The president’s newly-released financial disclosures will loom large as the world’s two leading stock exchanges bring a much-celebrated tradition to the Oval Office: the ringing of the opening bell.
Representatives from both marketplaces — the Nasdaq and the New York Stock Exchange — are set to join forces in Washington on Monday to mark the opening of tax-deferred investment accounts for kids in the U.S.
Never before have both exchanges rung their symbolic opening bells together to commence the trading day.
The companies are uniting at the White Houseto recognize the availability of “Trump Accounts,” signed into law by the president last year, which will track with stock-market growth similar to retirement savings accounts. But the milestone coincides with public scrutiny over Trump’s finances and his family’s business dealings reaching a fever pitch, as shocking revelations reverberate from Wall Street to Washington.
More than 21,000 stock trades were executed on Trump’s behalf last year, according to a 927-page financial disclosure report published last week. Trump now has more known stock trades under his belt while in office than any of his predecessors by far.
