# All the President's Profits

An episode of [Big Take](https://invisiblenetwork.ai/podcast/1578096201), 15 Jul 2026, 19 min.

Audio: https://podtrac.com/pts/redirect.mp3/tracking.swap.fm/track/UVBrz8bN8aM2Xe47PEPu/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/825d4e29-b616-46f4-afd7-ae2b0013005c/e328fa9d-2984-4506-8c23-b488014582a0/audio.mp3?utm_source=Podcast&in_playlist=8b1dd624-a026-43e9-8b57-ae2b00130066

President Donald Trump’s 2025 financial disclosure showed earnings unlike anything Americans have seen from a sitting US president: $1.4 billion in cryptocurrency, 21,000 securities trades and millions from his resorts and golf clubs. On today’s Big Take podcast, Bloomberg campaign finance reporter Bill Allison joins host Sarah Holder to look at the ethical concerns the disclosure raises and what — if any — political fallout could follow. Read more: • Trump Reports at Least $1.4 Billion in 2025 Crypto Earnings • Trump Reports Receiving About $120,000 in Sports Events Tickets • Trump Financial Disclosure Shows 21,000 Trades in 2025 We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Bill Allison; Fact-checking by Victor Swezey; Engineering by Alex Sugiura; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See omnystudio.com/listener for privacy information.

## Transcript

[0:02] Speaker 1: Bloomberg Audio studios, podcasts, radio news. Out of all the
[0:08] Speaker 1: income streams that Donald Trump reported in his latest financial disclosure,
[0:13] Speaker 1: there was one particular industry that turned out to be
[0:16] Speaker 1: especially lucrative for the president, crypto.
[0:20] Speaker 2: He had a better reater making off of crypto than
[0:23] Speaker 2: just about, you know, any of the companies that are
[0:24] Speaker 2: in this business.
[0:25] Speaker 1: That's Bloomberg's campaign finance reporter Bill Allison, who's covered Trump's
[0:29] Speaker 1: financial disclosure since twenty fifteen, when he ran for president.
[0:33] Speaker 2: The first time, that disclosure was all of ninety two pages.
[0:38] Speaker 2: The most recent one was nine hundred and twenty seven pages.
[0:40] Speaker 2: So it showed that he had a tremendous amount of
[0:44] Speaker 2: income from his various crypto ventures.
[0:47] Speaker 1: At least one point four billion dollars in total. At
[0:51] Speaker 1: a time when the crypto industry at large has been
[0:54] Speaker 1: reeling from losses, the president's gains stand out.
[0:58] Speaker 2: It's more money than he's made in any year he's
[1:00] Speaker 2: been president, and he's the biggest source of revenue.
[1:03] Speaker 1: Trump also made money playing the stock market with bets
[1:06] Speaker 1: on companies whose fates are heavily influenced by federal policy.
[1:11] Speaker 1: His financial disclosure shows the dollar value of his thousands
[1:14] Speaker 1: of securities trades could have been anywhere between six hundred
[1:18] Speaker 1: million dollars and one point eighty six billion dollars. The
[1:21] Speaker 1: disclosure is full of other new details about Trump's business dealings.
[1:26] Speaker 2: He's selling Trump watches, which made like more than four
[1:28] Speaker 2: million dollars. There's the bibles, There's a Trump guitar.
[1:32] Speaker 1: He made seventy seven million dollars from his mar Lago resort,
[1:35] Speaker 1: one hundred and twenty two million dollars from Trump National
[1:38] Speaker 1: Dooral Golf Club, and twenty five million dollars from his
[1:41] Speaker 1: Virginia golf club. It's the critics who say you're profiting
[1:44] Speaker 1: off the presidency.
[1:45] Speaker 3: Misters, well, you know wh I have profiting because the
[1:47] Speaker 3: stock market's going on. Everybody's profiting if you have a
[1:50] Speaker 3: four um.
[1:51] Speaker 1: As president, Trump isn't subject to the same ethics rules
[1:54] Speaker 1: as other public officials.
[1:56] Speaker 2: Basically, you didn't want a situation where a president would
[1:59] Speaker 2: have to decide, you know, can I make a decision
[2:01] Speaker 2: or do I have to recuse myself. We can't have
[2:03] Speaker 2: the president recuse himself from a decision, so the position
[2:06] Speaker 2: is exempted from a lot of these laws. As a result,
[2:09] Speaker 2: you know, Trump is kind of like he interprets that
[2:13] Speaker 2: to me, the president can't have a conflict of interest.
[2:15] Speaker 1: Those ethics laws were written in nineteen seventy eight.
[2:19] Speaker 2: We've never had a president quite like Donald Trump. The
[2:21] Speaker 2: ethics laws did not take into account the idea that
[2:24] Speaker 2: you would have a president who is a billionaire with
[2:26] Speaker 2: a far flung real estate empire, with the properties that
[2:29] Speaker 2: he's managing or owns around the world. And what it
[2:33] Speaker 2: creates is the system where anybody can buy into business
[2:36] Speaker 2: with Donald Trump, you know, foreign governments, sovereign wealth funds, billionaires,
[2:42] Speaker 2: and even if there isn't a conflict of interest, it
[2:45] Speaker 2: really creates the appearance of one. It really does muddy
[2:49] Speaker 2: the waters whenever this president makes decisions, and it raises
[2:52] Speaker 2: the question, you know, well, it does he have a
[2:53] Speaker 2: financial interest in this.
[3:01] Speaker 1: I'm Sarah Holder and this is the big take from
[3:04] Speaker 1: Bloomberg News today on the show All the President's Profits.
[3:08] Speaker 1: What Trump's twenty twenty five disclosure reveals about the money
[3:11] Speaker 1: he's made since taking office a second time and the
[3:15] Speaker 1: ethics concerns it's raising. So, Bill, you've been covering Trump's
[3:24] Speaker 1: financial disclosure since he was a candidate the first time around.
[3:28] Speaker 1: What stood out about this latest disclosure.
[3:32] Speaker 2: Well, you know, clearly the crypto I mean, and he
[3:34] Speaker 2: did report some earnings from crypto in his from twenty
[3:38] Speaker 2: twenty four and I think he made about fifty seven
[3:40] Speaker 2: fifty eight million dollars from crypto, which was you know,
[3:43] Speaker 2: a lot, that was enough for a headline. And now
[3:45] Speaker 2: he's up, you know, well over one point four billion.
[3:48] Speaker 1: That is a lot more.
[3:49] Speaker 2: Is a lot more, yes, I mean.
[3:51] Speaker 1: The other evolution has been Trump's sort of mindset on crypto.
[3:54] Speaker 1: Right back in twenty twenty one, Trump said bitcoin seemed
[3:57] Speaker 1: like a scam. Now he's made more than a billion
[4:00] Speaker 1: dollars off the crypto industry. How much has Trump's perspective
[4:06] Speaker 1: on crypto really changed over the past few years and
[4:08] Speaker 1: what's behind that shift.
[4:10] Speaker 2: I think the changes really started post January sixth, twenty
[4:14] Speaker 2: twenty one. The way that Trump left office, he had
[4:16] Speaker 2: trouble doing business with normal financial institutions. After that, he
[4:20] Speaker 2: claims he was debanked and that big institutions wouldn't take
[4:23] Speaker 2: his business. And at the same time, you have with
[4:25] Speaker 2: the Biden administration cracking down on crypto, and you know,
[4:29] Speaker 2: with a lot of prosecutions. The sec made it sort
[4:32] Speaker 2: of a central thing that they went after, and they
[4:35] Speaker 2: kind of became strange bedfellows at the crypto industry saw
[4:38] Speaker 2: in Donald Trump somebody who would promote their interests, and
[4:40] Speaker 2: they held fundraisers for him in the twenty twenty four campaign,
[4:44] Speaker 2: and Donald Trump learned to love crypto as well as
[4:46] Speaker 2: his first ventures into crypto. You know, we're selling these
[4:49] Speaker 2: tokens that presented him like a superhero and stuff, and
[4:52] Speaker 2: they sold very well, and I think he made a
[4:54] Speaker 2: couple of million from it, and you know, he never
[4:57] Speaker 2: looked back.
[4:59] Speaker 1: And at this point, can you give us a sense
[5:00] Speaker 1: of what Trump's crypto empire looks like? How exactly did
[5:05] Speaker 1: he make this one point four billion dollars he did
[5:08] Speaker 1: last year.
[5:09] Speaker 2: There's three components to it. One is World Liberty Financial,
[5:12] Speaker 2: which is the company that he started before the presidential
[5:16] Speaker 2: election in twenty twenty four. Steve Whitcoff his Middle East
[5:20] Speaker 2: n Y and Donald Trump are sort of the high
[5:23] Speaker 2: level names as co founders. Basically, at markets, something called
[5:26] Speaker 2: a stable coin and USD one is the name of it,
[5:30] Speaker 2: and it's gotten some big heavy hitters buying into it.
[5:35] Speaker 2: There's an investment fund in the Middle East that used
[5:38] Speaker 2: two billion dollars worth of USD one to buy into
[5:41] Speaker 2: the Binance exchange. And so token sales have generated a
[5:45] Speaker 2: huge amount of money for Donald Trump, and it's about
[5:47] Speaker 2: five hundred and ninety four million, So that's component one.
[5:51] Speaker 2: And then one of his sources ofmen come This is
[5:53] Speaker 2: from stable Coin hold Co. The name of the company.
[5:57] Speaker 2: It's an LLC, and they got capital contributions from new members,
[6:02] Speaker 2: so there's people buying into this company, and they sold
[6:06] Speaker 2: you know, Class C units to other people, and the
[6:08] Speaker 2: disclosure tells us so basically he's selling equity stakes in
[6:11] Speaker 2: these ventures. So that's one way that he made money.
[6:14] Speaker 2: And then the other thing is a separate company called
[6:17] Speaker 2: CIC Digital LLC, which sells his meme coins and these
[6:21] Speaker 2: are like these Trump tokens and cards and whatever that
[6:24] Speaker 2: people buy, and that made him six hundred and thirty
[6:28] Speaker 2: six million dollars. And the thing about the meme business,
[6:31] Speaker 2: the dollar signed Trump coin, is that it says right
[6:35] Speaker 2: on the website that markets them that these are not
[6:39] Speaker 2: for investment purposes. These are to show support for the president.
[6:42] Speaker 2: And yet at the same time he kind of like
[6:44] Speaker 2: pumps up the value of these by hosting an annual
[6:47] Speaker 2: conference that you get to meet the president if you're
[6:49] Speaker 2: one of the top holders of this. It's just generated
[6:53] Speaker 2: a huge amount of revenue for him. You have these
[6:54] Speaker 2: huge spikes and price, certainly the first time he did
[6:57] Speaker 2: one of these conferences where people could come, and it's
[7:01] Speaker 2: almost that this is a way to kind of get
[7:02] Speaker 2: access to the president. The way he's operating the tokens well.
[7:07] Speaker 1: It is interesting though, because the World Liberty Token has
[7:10] Speaker 1: not done so well. Neither has the meme coin. According
[7:13] Speaker 1: to our colleagues, the World Liberty Token is down seventy
[7:16] Speaker 1: five percent. The meme coin has fallen ninety five percent
[7:19] Speaker 1: in value. You know, The New York Times reported that,
[7:22] Speaker 1: according to cryptocurrency analytics from Nansen, nearly a million people
[7:26] Speaker 1: who lost money on Trump's meme coin collectively lost more
[7:29] Speaker 1: than three point eight billion dollars. So explain how Trump's
[7:33] Speaker 1: crypto ventures can be bringing in so much income while
[7:36] Speaker 1: the cryptocurrency tokens themselves are doing badly.
[7:41] Speaker 2: Yeah, because he's he's essentially selling it and you know,
[7:44] Speaker 2: it's the old cliche, he's selling high and everybody else
[7:46] Speaker 2: is stuck with it when it's low. It's almost like
[7:49] Speaker 2: an ipo, Like, you know, if the ipo is really
[7:51] Speaker 2: hyped and the initial price is one hundred dollars, and
[7:54] Speaker 2: then in two weeks people find out that the company
[7:56] Speaker 2: isn't making any money and it drops to fifty The
[7:59] Speaker 2: people who sold it for one hundred dollars don't lose
[8:01] Speaker 2: that hundred dollars. They get to keep the cash. And
[8:03] Speaker 2: that's essentially how Trump has managed to make money off
[8:06] Speaker 2: of these various crypto ventures.
[8:08] Speaker 1: And put that in perspective for us, how significant are
[8:12] Speaker 1: Trump's crypto earnings compared to how other crypto investors are
[8:16] Speaker 1: The industry at large has fared this past year.
[8:19] Speaker 2: The past year has been a bad year for crypto.
[8:21] Speaker 2: There was a huge sell off in October of like
[8:24] Speaker 2: nineteen billion dollars of winding risky positions. This costs a
[8:28] Speaker 2: lot of people a lot of money, so the industry
[8:30] Speaker 2: has not been thriving. Bitcoins way down. The Trump family
[8:34] Speaker 2: itself has lost money from their own adventure in American Bitcoin,
[8:37] Speaker 2: which is investing in bitcoin, so they're not making money
[8:41] Speaker 2: across the board. But Trump has done very well with
[8:45] Speaker 2: his you know, in some ways that may be the
[8:47] Speaker 2: best place to be is at the beginning of the
[8:49] Speaker 2: chain of transactions and you know, take the money and run.
[8:53] Speaker 1: So part of what you're describing is the president using
[8:57] Speaker 1: his fame and his down to sell meme coins stable coins.
[9:04] Speaker 1: Trump is also ultimately in charge of regulating the crypto
[9:08] Speaker 1: industry as president of the United States. The fact that
[9:12] Speaker 1: he has his hands in so many of these crypto
[9:14] Speaker 1: enterprises has raised questions because of that about conflict of interest.
[9:19] Speaker 1: I'm wondering, Bill, what are the biggest ethical concerns here?
[9:23] Speaker 2: Well, certainly for crypto, it's a huge ethical concern.
[9:26] Speaker 3: You know.
[9:26] Speaker 2: One of the things that some Democrats have been saying
[9:28] Speaker 2: about the Clarity Act is, let's put in a provision
[9:31] Speaker 2: there that the president can't make money off of crypto essentially,
[9:34] Speaker 2: and obviously that's something that Trump is probably not going
[9:37] Speaker 2: to want to sign. It does create this situation, though,
[9:40] Speaker 2: where his administration has made recommendations for how we're going
[9:44] Speaker 2: to regulate you know, what kind of market guardrails do
[9:46] Speaker 2: you need, what kind of things do you need to
[9:48] Speaker 2: do to make this industry safe? And when he's profiting
[9:52] Speaker 2: from it so much, he has a skewed perspective somewhat
[9:55] Speaker 2: on on what is useful and what isn't And I
[9:57] Speaker 2: think that you know, anytime you have somebody like you
[10:00] Speaker 2: didn't want the head of General Motors making all the
[10:03] Speaker 2: decisions about auto safety. You wouldn't want anybody who has
[10:06] Speaker 2: a vested interests in a particular industry being the final
[10:09] Speaker 2: word on regulation in the industry. And that's kind of
[10:12] Speaker 2: what Trump has become with the crypto industry.
[10:14] Speaker 1: Right now, after the break, we unpacked Trump's Aggressive Trading Strategy.
[10:30] Speaker 3: Bill.
[10:31] Speaker 1: How do presidents typically handle their finances upon taking office?
[10:36] Speaker 2: Generally speaking, when if you go back to Jimmy Carter,
[10:39] Speaker 2: when the Ethics for Government Act was passed, the Act
[10:41] Speaker 2: doesn't obligate the president to divest or do any of
[10:44] Speaker 2: the things that it does for cabinet level officials. And
[10:47] Speaker 2: Jimmy Carter he took pains to get his businesses so
[10:51] Speaker 2: that they wouldn't be causing conflicts, so that he put.
[10:53] Speaker 1: Your famously put his peanut farm in a blind trust.
[10:56] Speaker 2: Exactly, yes, And of course I'm sure he still knew
[10:58] Speaker 2: he had a peanut far, but he tried to comply
[11:00] Speaker 2: with it. George H. W. Bush put all of his
[11:03] Speaker 2: assets into a blind trust when he became vice president
[11:06] Speaker 2: and kept it. You know, through his twelve years in
[11:08] Speaker 2: office as vice president and President, Bill Clinton and Hillary
[11:12] Speaker 2: Clinton they put their assets into a blind trust that
[11:14] Speaker 2: I think stuck around like long after he became president
[11:17] Speaker 2: until they dissolved it. So generally, the way that you
[11:20] Speaker 2: try to do this is either you have somebody independent
[11:22] Speaker 2: of you running your assets and making the decisions, or
[11:25] Speaker 2: you kind of divest. You put things into broadly based
[11:28] Speaker 2: mutual funds where you know they're thought not to hold.
[11:32] Speaker 2: It caused conflicts of interest, and that's sort of what
[11:35] Speaker 2: presidents have done in the past to avoid these conflicts.
[11:37] Speaker 1: So there's no federal law that mandates that you have
[11:40] Speaker 1: to divest from your assets, you have to put your
[11:42] Speaker 1: assets in a blind trust, but it's just what's been done.
[11:45] Speaker 2: And if you go back to Trump's first term, you know,
[11:48] Speaker 2: Walter Shaub was the head of the Office of Government
[11:50] Speaker 2: Ethics and tried to explain to Trump that this is
[11:52] Speaker 2: done so that it sets an example and the tone
[11:55] Speaker 2: for the rest of your administration that you know that
[11:57] Speaker 2: you're going to have to make sacrifices, that you're going
[11:59] Speaker 2: to have to divest things. And it's much harder to
[12:03] Speaker 2: make that case to high ranking administration officials when the
[12:06] Speaker 2: president's not doing it right.
[12:08] Speaker 1: So what has Trump said about why he hasn't done this,
[12:11] Speaker 1: why he hasn't stuck to this precedent, why he hasn't
[12:14] Speaker 1: sent the signal.
[12:15] Speaker 2: His famous line is that president can't have a conflict
[12:18] Speaker 2: of interest. Beyond that, he says that his assets are
[12:21] Speaker 2: managed independent LEAs it doesn't have anything to do with it.
[12:24] Speaker 2: I certainly don't believe that the president has time to
[12:26] Speaker 2: sit around dat trading the Bloomberg terminal on his desk.
[12:29] Speaker 2: I don't think he's doing that. But the problem is
[12:32] Speaker 2: is that there's no kind of blind trust, and he
[12:35] Speaker 2: has to see because he has to sign the disclosures
[12:37] Speaker 2: about what he's been buying, So he knows what he owns,
[12:41] Speaker 2: and he knows what's going on with his businesses. And
[12:43] Speaker 2: I think that that's what creates the real sense that
[12:46] Speaker 2: there are conflicts of interest that play out potentially every
[12:50] Speaker 2: day in his administration.
[12:52] Speaker 1: Yeah. As Trump was departing for North Dakota ahead of
[12:55] Speaker 1: July fourth celebrations, he spoke to this question.
[12:58] Speaker 2: What message does it say to average Americans, especially those
[13:03] Speaker 2: financially I.
[13:03] Speaker 3: Don't get involved in my personal we have funds that
[13:06] Speaker 3: run my money. Well, I've made a lot of money
[13:11] Speaker 3: before I became president, and they invest my money and
[13:14] Speaker 3: I don't talk to them. I don't even speak to you.
[13:17] Speaker 1: What do we know about how Trump's money is managed.
[13:22] Speaker 2: What we know is what the disclosures tell us, which
[13:24] Speaker 2: isn't a whole lot. He has eight separate investment accounts.
[13:27] Speaker 2: Where those accounts are held, who manages them, we don't know.
[13:30] Speaker 2: That's not part of the information that they provided us with.
[13:34] Speaker 2: We know that he's making huge amounts of trades. In
[13:38] Speaker 2: the most recent year, he was making an average eighty
[13:41] Speaker 2: five per trading day, and lots of times within the
[13:45] Speaker 2: same company will be traded, like sometimes on the same day,
[13:49] Speaker 2: so there's a huge amount of churn on a huge amount.
[13:51] Speaker 2: And most of these trades, interestingly enough, are between one
[13:54] Speaker 2: thousand and fifteen thousand dollars, which doesn't sound like a
[13:57] Speaker 2: lot of money, but you know it certainly as up
[14:00] Speaker 2: and the president has said he has nothing to do
[14:02] Speaker 2: with any of these decisions. They're independently managed. The trades
[14:07] Speaker 2: are you know, follow indexes, they're the automatic trades and
[14:11] Speaker 2: all kinds of companies with business before the federal government,
[14:14] Speaker 2: and you know, it does kind of raise, you know,
[14:17] Speaker 2: certain questions about, you know, what kind of investment strategy
[14:20] Speaker 2: are they following. We don't know what indexes they're following.
[14:23] Speaker 2: They do look like, in fairness, given the volume of
[14:25] Speaker 2: trades and the number of trades, like this is some
[14:28] Speaker 2: kind of automated, you know, trading strategy. But at the
[14:31] Speaker 2: same time, it does raise these questions. There's huge trading
[14:34] Speaker 2: activity around the times that there's huge trading activity for
[14:38] Speaker 2: everybody else. You know, when he started putting tariffs on
[14:40] Speaker 2: foreign countries, that cause you all kinds of market activity.
[14:43] Speaker 1: And as you mentioned, he's making a really remarkable amount
[14:47] Speaker 1: of these trades. His disclosure showed he made twenty one
[14:50] Speaker 1: thousand trades in twenty twenty five, an average of eighty
[14:53] Speaker 1: five trades per day.
[14:56] Speaker 2: It's a very aggressive, you know, trading strategy.
[15:00] Speaker 1: What do we know about how much he made on
[15:03] Speaker 1: these trades.
[15:04] Speaker 2: That's very hard to say because of the way that
[15:06] Speaker 2: the disclosures report the activity. You know, so it'll give
[15:09] Speaker 2: you a range in which the asset price or sale
[15:12] Speaker 2: price was, but you don't know what time the trade
[15:15] Speaker 2: was made. You don't know exactly how many shares were sold,
[15:18] Speaker 2: so you really can't chart his performance over time. Instead,
[15:22] Speaker 2: you're left with these broad ranges that really don't tell
[15:24] Speaker 2: you that much because if you look at the total
[15:26] Speaker 2: volume of his trades, it could be as much as
[15:29] Speaker 2: like one point eight billion dollars, So he could have
[15:32] Speaker 2: made a killing, he could have gotten lost his shirt
[15:35] Speaker 2: on a particular trade. You know that this is sort
[15:37] Speaker 2: of the problem with the disclosures are not very detailed
[15:40] Speaker 2: in that sense.
[15:41] Speaker 1: Many of the transactions that were disclosed involve big companies
[15:46] Speaker 1: that have business with the federal government. What are the
[15:50] Speaker 1: rules around trading equities or investing in the stock market?
[15:54] Speaker 2: As president, there really are not In the same way
[15:58] Speaker 2: with members of Congress that you know that there are
[16:00] Speaker 2: to trade equities. Several members do, several members don't. Sometimes
[16:04] Speaker 2: they use like an independent person to try to shield
[16:06] Speaker 2: them from any kind of appearance of impropriety. But generally speaking,
[16:11] Speaker 2: you know that elected officials are allowed to trade in
[16:15] Speaker 2: the market. This is very different from appointees that if
[16:18] Speaker 2: you're the head of a treasury or commerce or defense,
[16:22] Speaker 2: there's a huge amount of ethical review if you want
[16:25] Speaker 2: to trade something or buy something, and the stuff that
[16:28] Speaker 2: these folks are investing in users. Are those broad based
[16:30] Speaker 2: mutual funds that don't cause conflicts of interest. They're not
[16:33] Speaker 2: buying individual equities. You know, it's incredibly rare to see
[16:37] Speaker 2: that happen at that level. But the person who's their
[16:40] Speaker 2: boss is allowed to trade stocks, and Trump is certainly
[16:43] Speaker 2: the first president to trade like this.
[16:45] Speaker 3: Yeah.
[16:45] Speaker 1: I mean some of the companies that he bought and
[16:48] Speaker 1: traded shares of include Amazon, in Nvidia, Netflix. I can
[16:53] Speaker 1: think of a lot of federal policies that impact these
[16:56] Speaker 1: companies on the day to day. These are companies that
[16:58] Speaker 1: the Trump administration has done deals with directly in some cases.
[17:03] Speaker 2: Certainly, a lot of people have been talking about, you know,
[17:05] Speaker 2: the number of trades that he's made with companies that
[17:08] Speaker 2: have business before the government, like Navidia, like Amazon, including
[17:12] Speaker 2: companies that you know, he's met with their CEOs, He's
[17:14] Speaker 2: touted their stocks, He's talked about what great companies some
[17:17] Speaker 2: of these organizations are a number of Democrats in Congress
[17:21] Speaker 2: have been somewhat upset about this and been raising, you know,
[17:24] Speaker 2: questions about you know, the timing of these trades. I
[17:27] Speaker 2: can tell you one thing with certainty. If Democrats take
[17:31] Speaker 2: the majority in either the House or the Senate be
[17:33] Speaker 2: one of the things they'll be looking at very closely.
[17:37] Speaker 1: Is there a risk for Trump that these disclosures could
[17:40] Speaker 1: lead to legal action or further investigation.
[17:44] Speaker 2: Certainly further investigation. I think the real fallout it potentially
[17:47] Speaker 2: is political when you have a president who and let's
[17:50] Speaker 2: face it, you know, one of the big issues that
[17:52] Speaker 2: we're heading into with the midterms is is that people
[17:55] Speaker 2: feel worse off than they did before he was elected.
[17:58] Speaker 2: Obviously they didn't feel great under the Biden economy either,
[18:00] Speaker 2: but with the ram war, with the rising gas prices,
[18:04] Speaker 2: with other prices, you know, staying up or not coming
[18:07] Speaker 2: down as quickly. And he had promised that he was
[18:08] Speaker 2: going to solve the price problem. And instead, when he's
[18:12] Speaker 2: making one point four billion off of crypto and a
[18:14] Speaker 2: lot of money off of other things and stock trades
[18:16] Speaker 2: and everything else, and talking about well he's doing fine
[18:18] Speaker 2: because the stock market is doing fine, that's the kind
[18:21] Speaker 2: of message that rubs the wrong way, and I think
[18:24] Speaker 2: that people start to think, well, maybe this president isn't
[18:26] Speaker 2: on my side.
[18:34] Speaker 1: This is the Big Take from Bloomberg News. I'm Sarah
[18:37] Speaker 1: Holder to get more from the Big Take and unlimited
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