CNBC host Jim Cramer spent approximately ten seconds mumbling incoherently on Monday's Squawk on the Street after co-host Carl Quintanilla raised the subject of President Trump's stock trading activity. David Faber, also appearing on the broadcast, said, "We're not having technical difficulties here."
Disclosures published by the US Office of Government Ethics showed that in the first quarter of 2026, Trump carried out over 3,700 stock transactions, including over 30 stock purchases each worth $1 million or more. The transactions included shares of Tesla, Nvidia, Apple, Meta, Visa, Citi, Boeing, Qualcomm and GE Aerospace. Executives of GE Aerospace accompanied Trump on his trip to China the prior week.
Journalist Judd Legum published an analysis on Monday identifying instances in which Trump purchased stocks of companies shortly before, or on the same day, he publicly praised them. Trump bought tens of thousands of dollars of shares in Thermo Fisher Scientific on the same day he toured one of its manufacturing facilities.
On the same day he delivered a speech calling Apple "a great company" and saying then-CEO Tim Cook had "done a good job," Trump bought hundreds of thousands of dollars of shares in Apple. Trump also bought shares in Micron Technology and then described it as "one of the hottest companies" during a television interview one day later. Nine days after buying millions of dollars of shares in Dell, Trump delivered a speech in Georgia telling his audience to "go out and buy a Dell computer."
Legum wrote, "If Trump wanted to legally remove himself from investment decisions he could do so by creating a qualified blind trust. Instead, before returning to the White House, Trump transferred his assets in a trust that is managed by his son, Donald Trump Jr. There are no legal or practical barriers preventing Trump from being involved in the management of his assets."
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