President Trump moving markets today

after making a few key callouts during

an event celebrating the launch of Trump

accounts in the Oval Office earlier

today. Bitcoin turning positive after

the president called himself, quote, "a

big crypto guy" when responding to a

question about whether Bitcoin might be

added to Trump accounts. This comes as

Michael Saylor's strategy sells $216

million in Bitcoin to fund its

shareholder dividends. And Dell shares

getting a boost as well. It's after

Trump endorsed the company's product

saying, quote, "Go out and buy a Dell

computer." That company's founder,

Michael Dell, has pledged $6 billion

to the Trump accounts program.

We have our finance reporter Jennifer

Schonberger caught up with Treasury

Secretary Scott Bessent to discuss the

historic launch of these Trump accounts.

>> Americans just celebrated 250 years. And

as part of that, the Trump

administration is marking that with the

launch of the Trump accounts, setting up

the next generation of Americans for

financial success.

>> Well, what 30 38% of American families

have no exposure to our great equity

market. They don't share in the upside,

our innovation, our capital markets. And

one of the goals of the Trump accounts

is to get everybody in. Everybody

deserves a piece of the action. And part

of part of our national

pride and also the chance to build

long-term wealth. So, uh

children who were born during President

Trump's term will get a $1,000 seed

investment. And then, uh others uh will

get with Susan and Michael Dell

contributed $6.25 billion. That's about

$250 per child. So, we've got about 6

million sign-ups so far, about 1.4

billion eligible for the $1,000 seed.

But I'd encourage everyone to sign up

because there is money flowing into

these accounts.

>> And Mr. Secretary, before you became

Treasury Secretary, you were a global

investment fund manager for 40 years.

You managed the Soros funds. So, nobody

gets investing better than you. And the

Treasury has had a deep focus on

ensuring that the funds that these Trump

accounts are invested into are the

lowest cost possible for the American

public. What does that mean for

investors?

>> Well, it it it means you're going to get

to keep what you make. So, and also one

one of the goals here is to show if

someone gets the $1,000 when they're

born, the power of long-term compounding

up until age 18,

then uh children can you know they're

adults they can take it out if they want

to start a business, use it for school,

for a down payment on a house, or they

can roll it into an IRA. And you know I

I think it's the importance here of

financial literacy. I think this is

going to be a very teachable moment for

families. And at Treasury, uh

trumpaccounts.gov is where you can

register, but we've also at Treasury we

have 15 learning modules on the on the

stock market. And what we have done as

you mentioned Jennifer,

this is the single lowest cost index

fund. So, people will be able to keep

their gains.

>> And by default on the start of trading

today, the funds that are being

contributed to these Trump accounts are

going to be invested in a State Street

S&P 500 Index ETF. Two basis points is

is the expense ratio. I mean, that's I

don't think I've heard of anything so

cheap.

>> so so someone asked me earlier they

said, "Well, you know, financial

advisors aren't sure about these." I

said, "Well, of course financial

advisors aren't sure about them because

>> making money on them, right?

>> They're not making any money. [laughter]

>> But and I know you in the coming months

you're going to be rolling out some more

options for parents. I wonder though

beyond that, will there be will will you

roll out more options, more funds, and

can people pick and choose their own

investments and stocks?

>> for right now we're going to keep it

pretty vanilla with this. Uh maybe over

time we'll do that. The other thing that

we did last week was we announced that

philanthropists can, you know, at a

certain level contribute single large

single stock blocks. Uh we had an

announcement today that one of the

founders of SpaceX had contributed 2

million of her shares.

>> And do you expect that you will be

getting more uh publicly traded

companies donating their shares? And how

is that going to work? Are you Are you

going to divvy up the shares across the

accounts?

>> Well well, that's that's the way we'll

do that. And I think it won't come as

much from the companies as it will from

the shareholders, you know, the founding

shareholders, people like that. And I

can't reveal names, but I'm expecting

that we're going to see some very very

big announcements over the coming week

and months.

>> And really quick, cuz I know I got to

let you go, Mr. Secretary, but I think

it's very important for our audience to

know that Trump accounts are not just

available to babies born between 2025

and 2028. Older children can also take

advantage of this, right?

>> Sure. Oh older children can do it. And

again, like I said, that we've got these

great philanthropists who are putting

money in. Uh many

uh workplaces will either contribute or

match parents' contribution. Parents can

put it in. Relatives can put money in.

Uh many states are going to do it. I

think we're going to have 23 states who

are going to make contributions. And uh

they're going to be a lot more

philanthropists and uh

uh endowments who do it, too. So, uh

everybody should have one. And I think

uh like they launched today. And I think

we're going to have a pretty quick

sign-up.

>> Mr. Secretary, thank you so much, as

always, for your insight.

Congratulations on this.

>> Good. It was good to see you in the Oval

this morning.