00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Trump expanded his personal bond holdings with at least $51 million in debt purchases
00:07between mid-November and late December, according to a White House financial disclosure released
00:12Thursday. A January 14 filing shows 189 separate bond transactions and follows a December 18
00:19disclosure, indicating repeated purchases in the same companies. Trump bought additional
00:24debt in Netflix, General Motors, and Corweave in December after earlier purchases in November.
00:29The disclosure comes as J.P. Morgan CEO Jamie Dimon warned that a Justice Department probe
00:34into Federal Reserve Chair Jerome Powell could undermine central bank independence and raise
00:39interest rates. Dimon said such pressure could increase inflation expectations.
00:44The conflict has unsettled markets, adjusting to three quarter point rate cuts in 2025 that
00:49lowered the federal funds rate to 3.50% to 3.75%. For all things money, visit Benzinga.com.
Comments