New York Stock Exchange signals the start of the trading day with the opening bell in the Oval Office

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President Donald Trump, a New York businessman, brings the heartbeat of global commerce to the White House based in the Big Apple.

The real estate developer-turned-politician will host the world’s two largest stock exchanges, the New York Stock Exchange and Nasdaq, and participate in the first joint bell-opening ceremony from the Oval Office to mark the opening of the Trump account.

National Economic Council Director Kevin Hassett told CNBC on June 29, “We’re going to have a big opening bell ceremony next week.” “The reason we’re doing this to celebrate accounts is to let everyone know that it’s time to get your child an account, even if they weren’t born this year.”

Although the two exchanges have the same trading hours (9:30 a.m. to 4 p.m. ET), they ring two different bells.

The New York Stock Exchange first introduced bells in the 1870s, initially using Chinese gongs to signal the start and end of the trading day. However, when the NYSE moved to a new location on Wall Street in 1903, the gongs were replaced with four electric brass bells for each of the exchange’s four trading areas, according to the NYSE. You will be attacked as soon as you press the button.

The Nasdaq bell is rung by pressing a ceremonial electronic button at the Nasdaq Market site in Times Square, often serving as a corporate branding event, with executives invited to press the button.

The White House did not immediately respond to questions about the exact date of the event or details about the bell that would be used.

Trump Accounts, a federal program aimed at helping children build long-term financial security, will officially launch on July 4. Thanks to a tax and spending package passed last summer, the government will donate $1,000 along with their Social Security number to every child born between 2025 and 2028, the four years of President Trump’s second presidential term.

Additionally, families are allowed to contribute $5,000 per year and employers are allowed to contribute $2,500 per employee per year until the child turns 18.

Trump made his first appearance on December 12, 2024, to ring the opening bell of the New York Stock Exchange. After being named Time Magazine’s Person of the Year, he stood alongside the incoming administration’s leadership.

On January 28, First Lady Melania Trump rang the bell at the New York Stock Exchange, marking the end of the first year of President Trump’s second term and ahead of the release of a documentary. The film “Melania” chronicled her life during the 20 days leading up to President Trump’s second inauguration.

Swapna Venugopal Ramaswamy is USA TODAY’s White House correspondent. You can follow her at X @SwapnaVenugopal.

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