“I feel bad in a way for my kids because every time my kids do, if they invest in a stock or if they go and do a bill, anything they do, because the presidency is so powerful, so big, everything if they buy a cupcake company, well, the energy to make the cupcakes is sort of like, how’s my energy policy?”
President Donald Trump, during a CNBC interview, addressed allegations that his adult sons exploited non-public information for financial gain, responding to a query about insider-trading accusations tied to recent business moves. Trump argued that the presidency’s vast reach makes any of his children’s transactions—such as stock buys or even small investments—appear suspicious, likening it to buying a cupcake company and facing scrutiny over energy policy. His remarks came after a financial disclosure showed he earned over $2 billion in his second term, and after his sons Don Jr. and Eric invested in a Kazakhstan mining firm that later secured a nine-figure federal contract. Critics on social media condemned the comments as evidence of corruption.
- rawstory.com ↗︎03 JUL 2026