Trump to host opening bell ceremony Monday to celebrate Trump Accounts

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President Trump will host officials from the New York Stock Exchange (NYSE) and Nasdaq in the Oval Office on Monday, to mark his administration’s launch of new investment accounts for children.

The Treasury Department launched the “Trump Accounts” on July 4, allowing the accounts to receive contributions. An app for parents to fund their child’s account and explore financial education modules is also fully updated as of Saturday, according to Treasury Secretary Scott Bessent.

National Economic Council Director Kevin Hassett said last week officials from the two stock exchanges will ring their opening bells from the White House. Trading is open on the NYSE and Nasdaq from 9:30 a.m. to 4 p.m. EDT.

“We’re having a big opening bell ceremony next week, where the Nasdaq and the New York Stock Exchange are going to ring the bell from the Oval [Office] for the first time together,” Hassett told host Joe Kernen on CNBC’s “Squawk Box.”

“And they’re doing that to celebrate the accounts, to make sure everybody knows it’s time to get an account for your kid,” he added.

Trump’s public schedule for Monday includes a 9:30 a.m. Trump Accounts launch.

The Hill has reached out to the White House for details on the ceremony.

Trump last rang the opening bell at the NYSE in December 2024, weeks after he clinched a return to the White House and days after Time Magazine dubbed him “Person of the Year.”

Trump Accounts, created under the One Big Beautiful Bill Act signed into law by Trump last year, will operate as an individual retirement account (IRA) without a gift tax.

As of Thursday, more than 6 million families had signed up to create an account, per the Treasury Department. The accounts can receive up to $5,000 annually from family members, friends and other adults, a limit that will increase with inflation starting in 2028.

The Treasury will also contribute $1,000 to accounts of children born from Jan. 1, 2025, through Dec. 31, 2028.

More than 50 companies have also committed to contributing to the accounts of their employees’ children, according to the Treasury. The department is touting the programs as a way for small businesses to “attract and keep workers, invest in their employees’ families, help workers share in America’s growth, and strengthen Main Street over the long term.”

At launch, all contributions to an account were invested in the State Street SPDR Portfolio exchange-traded fund (ETF), the lowest-cost S&P 500 index fund available. Treasury also selected four other low-cost index ETFs for the accounts’ investment lineup.

“In the coming months, Treasury expects to make available functionality that will allow parents or guardians to choose how to allocate funds across the additional investment options,” Treasury noted in a Wednesday release. “Until that functionality is available, all contributions will remain invested in the default fund.”

During a Thursday press call, administration officials argued the accounts will boost the middle class. One senior administration official noted that more than 85 percent of opened accounts are linked to families earning less than $200,000 annually.

“Today, 38 percent of Americans do not own stock,” the official added. “With Trump accounts, every newborn child will be invested in the stock market on day one, along with millions of other children.”

Updated at 10:22 p.m. EDT

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Donald Trump

Joe Kernen

Kevin Hassett

Scott Bessent

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