Morning Joe hosts expressed surprise over a report that President Donald Trump has executed more stock trades than all members of Congress combined. According to Bloomberg, between January 2025 and June 2025, Trump or his money managers executed approximately 28,700 trades. In contrast, the 535 members of Congress disclosed about 22,000 transactions during the same period. Panelists on the MS NOW morning show, including Joe Scarborough, Mika Brzezinski, and Willie Geist, questioned how this report aligned with Trump's long-standing promise to "drain the swamp." Scarborough remarked, "The guy that constantly attacked Nancy Pelosi for her husband making stock trades, this guy has made more stock trades than every member of Congress combined? That’s not draining the swamp?"
Jonathan Lemire stated, "I was doing some math here. It’s 1,600 a month. It works out to nearly 60 stock trades a day — every day — since he’s taken office." John Heilemann responded, "That’s more stock trades than I’ve made in my life." Geist added, "And his family has benefited, and he’s made more than $2 billion in this term since he arrived a year-and-a-half ago." Geist appeared to be referring to Trump's annual financial disclosure report, released earlier this summer, which showed reported revenue from his personal ventures and businesses rising from $622 million in 2024 to $2.2 billion in 2025. Much of that increase came from cryptocurrency-related businesses.
The Independent has asked the White House for comment. Trump has insisted that he does not personally manage his expanding personal fortune, stating that financial advisers handle those decisions. "I don’t even speak to them," he told reporters in July. "I think it’s called the blind account, but they basically, they take it, and I purposely, I never speak to any of the people that run the money." "You know why I’m profiting?" he added. "Because the stock market’s going up, everybody’s profiting."
According to a June Gallup survey, the overwhelming majority of Americans believe the U.S. government and its political leaders are corrupt. Elsewhere in the Morning Joe segment, the hosts noted that Trump has supported a ban on stock trading by members of Congress, which House Republicans passed earlier this summer. The measure, however, does not bar the president from engaging in trading. "The legislation does not apply to the president," Brzezinski said. Scarborough added, "Of course it doesn’t." Scarborough added that Trump's trading activity and reported earnings could become a political liability for Republicans in the midterm elections, particularly as many Americans are struggling with the ongoing high cost-of-living. "You team that up…with the fact that Americans are struggling to pay for gas, for diesel, for groceries, for rent, for health care," he said. "Boy, that becomes a toxic mix for voters."
When reached for comment, White House spokesperson Davis Ingle reiterated that the president’s stocks are managed by advisors. "President Trump’s stock and bond portfolio is independently managed by third-party financial institutions," Ingle told The Independent. "All holdings are maintained in discretionary accounts and invested through computer-based model portfolios that automatically replicate recognized indexes, such as the Schwab 1000." "Neither President Trump nor any member of his family has any ability to direct, influence, or provide input regarding how the portfolio is invested or when investments are bought or sold," he added. "All investment decisions are made entirely by independent managers. There are no conflicts of interest."
Trump's Stock Trading Activity Surpasses Congress, Sparking Debate
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