Nasdaq, NYSE to ring opening bell from Oval Office for Trump Accounts launch, Hassett tells CNBC
US stock exchanges Nasdaq and NYSE plan a rare joint opening bell from the Oval Office next week to promote Donald Trump’s new child investment scheme, Trump Accounts. The program offers $1,000 seed funding for eligible US children, aiming to boos...
By Reuters |
ETMarkets.com
NYSE, Nasdaq to ring bell for Trump child plan
The Nasdaq and the NYSE will ring the opening bell from the Oval Office for the first time together to launch Trump's much-touted government-backed investment program for children next week, White House economic adviser Kevin Hassett said on Monday.
"We're having a big opening bell ceremony next week. They're doing that to celebrate the accounts to make sure everybody knows it's time to get an account for your kid, even if it's not born this year," Hassett told CNBC in an interview.
U.S. President Donald Trump earlier this year unveiled Trump Accounts, a new tax-deferred investment vehicle for U.S. citizens under 18, which is scheduled to be officially launched on July 4.
Under the scheme, the U.S. Treasury will deposit $1,000 as seed money into an investment account for each child with a valid Social Security number born between 2025 and 2028.
The Nasdaq and the New York Stock Exchange did not immediately respond to Reuters requests for comment.
"We're having a big opening bell ceremony next week. They're doing that to celebrate the accounts to make sure everybody knows it's time to get an account for your kid, even if it's not born this year," Hassett told CNBC in an interview.
U.S. President Donald Trump earlier this year unveiled Trump Accounts, a new tax-deferred investment vehicle for U.S. citizens under 18, which is scheduled to be officially launched on July 4.
Under the scheme, the U.S. Treasury will deposit $1,000 as seed money into an investment account for each child with a valid Social Security number born between 2025 and 2028.
The Nasdaq and the New York Stock Exchange did not immediately respond to Reuters requests for comment.
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