White House turns into a "trading floor"? Two major U.S. stock exchanges to ring the opening bell in the Oval Office for the first time

Odaily reports that Kevin Hassett, Director of the White House National Economic Council, stated that to celebrate the official launch of the "Trump Account" for minors, officials from Nasdaq and the New York Stock Exchange plan to jointly ring the opening bell in the Oval Office of the White House.

Hassett said: "Next week, we will hold a grand opening bell ceremony. For the first time, Nasdaq and the New York Stock Exchange will jointly ring the bell in the Oval Office. They are doing this to celebrate the official launch of the 'Trump Account,' letting everyone know that now is the time to open an account for their children, even if the child was not born this year." This tax-advantaged savings account, previously announced by Trump, will officially launch on July 4. All U.S. citizens born between 2025 and 2028—a period covering Trump's second presidential term—will receive an initial investment of $1,000 from the U.S. government.

However, older children can also open and use such accounts. Additionally, some eligible children may receive a $250 capital injection from Dell Technologies founder Michael Dell and his wife Susan. The White House has not yet immediately responded to a request for comment on the above arrangements. Trump previously rang the opening bell at the New York Stock Exchange in December 2024, before his second inauguration. (Jin Shi)