Keynote transcript, Jul 6, 2026 (Donald Trump)

It's great to be here, Mr. President. We wouldn't be here without you. It was just over a year ago that Michael and I shared with you the idea for the Invest America Act. We had been working on it for 4 years. We had tried to get it done under a prior administration. Kevin and I met in the Speaker's office some 3½ years ago on the idea.

It took this President and his entrepreneurial courage less than a minute to say: "This must happen. This is the whole purpose of my Presidency. The Main Street agenda—the 70 percent of people who have been left out and left behind, who feel they're no longer connected to the American Dream," and he called the Speaker and told him to put it in the reconciliation bill.

That, my friends, is leadership. It doesn't just happen. In fact, it rarely happens in a place like Washington. And his courage and his leadership of this administration, you know—and then the great partnership of my friends Michael and Susan Dell and so many others to bring this to fruition.

But let me be clear: Today is day one, Mr. President. We're committed to the next 250, and what that means is not a million kids in America, not 2 million kids in America—every child in America, all 70 million kids under the age of 18, deserve to have one of these accounts. We're going to get the accounts open for them. We're going to get them fully funded.

The outpouring of support from America's corporate leaders, small-business leaders, moms and dads, great philanthropists—we believe will raise over $100 billion for America's kids over the course of the next 12 months.

This isn't a program; this is a transformative platform. Think of 1935 Social Security–scale platform. Over the next 15 years, over $2 trillion will go into the pockets of kids and families that would have otherwise had zero, that would have been left out of America's capital markets. That is a legacy worthy of the great mission of this administration.

And it would not have happened without you and the leadership of your administration. So thank you.

Thank you, Brad. Thank you very much.

Thank you.

Ted.

Mr. President, I want to congratulate you on your historic leadership. The document hanging on that wall just turned 250 years old, as did the Nation that it created. And the bell that you just rang on the Resolute Desk, I believe, heralds in that the next 250 years will be even greater than the first 250.

You mean the bell that I'm not giving back.

That—[ laughter ].

I am not giving it back.

I think everyone knew you were going to keep the bell. [ Laughter ]

And, on behalf of all Americans, thank you for getting rid of that ridiculous red card. [ Laughter ]

This is his——

That was interesting. [ Laughter ]

It was spectacular. There was a reason the FIFA trophy sat here for as long as it did.

Mr. President, this program—you know, a second ago, Brad made reference to 1935 and Social Security. Trump Accounts are, in many way, Donald Trump's "New Deal." But instead of having Government taking care of everyone, Trump Accounts are about making every child and every American a capitalist. Every one of our kids is now going to be an owner of the biggest producers in our country.

Kids, you guys there, each of you are getting an account. These folks here gave you $250. [ Laughter ] That's a lot of money that you have right now. And you know what? With that $250, you've purchased a little bit of a bunch of big companies.

You know McDonald's? You now own a little bit of McDonald's. When you go to McDonald's, you can look around and say, "I own this place." [ Laughter ] If you get on an airplane and fly, you look at a Boeing airplane, you now own a little bit of Boeing. Can you believe it? You're an owner of Boeing.

That is transformational. That changes the way every child looks at the world and the ability to accumulate life-transforming savings—hundreds of thousands, millions of dollars. For the kids of single moms, that is powerful.

And, Mr. President, in particular, I want to thank you for your unequivocal commitment that this administration, your administration, is going to auto-enroll every child in America. All 70 million children will have accounts open for them, accounts that can then receive gifts from people like Michael and Susan and Brad. Accounts that—let me say to every parent at home, please, right now, go to TrumpAccounts.gov. Go to TrumpAccounts.gov, sign your kids up.

To every employer, if you're not contributing to the accounts of the employees of your kids [kids of your employees; White House correction], do so now. Match their contribution, double their contribution.

And to philanthropists, go adopt a State, go adopt your city, go adopt a school. Go say: "The kids in my community, the kindergarten class here, we're going to help them get started."

This is a moment, I believe, transformational to make sure the next 250 is even better than the first.

Thank you, Mr. President.

Brad did that.

Brad—rich man. He adopted an entire State.

Yes. So I'm from Indiana, and we're going to add $250, following Michael and Susan, to all kids in the State of Indiana under the age of 5. Ray Dalio in Connecticut. We have lots of philanthropists; they're adopting States, cities now. We have the city of San Francisco has been adopted, the city of Oakland.

And recently, with, you know, with Katie, we've adopted a school in the city of Durham. We've adopted a Boys and Girls Club in Philly. We've adopted, you know, a Big Brothers Big Sisters in Newark, New Jersey, last Wednesday.

And it's all to show the country the art of the possible. When you create an open-source platform, anybody can give to anybody. These accounts have a QR code in them, and somebody sends you the QR code, and you just double click on your phone, and money goes into the account. Thank you to Joe Gebbia and the National Design Studio for their incredible work on the accounts. Thank you.

Paul, can I ask you to say a few words? The head of the SEC.

Yes, so—yes, so, thank you, Mr. President. Paul Atkins, Chairman of the SEC.

So this is an amazing day, and, really, I salute you and the Senator and Secretary Bessent too, for all that you've done, you know, to help these accounts go. And then the philanthropists who have—have also put money into it.

But the Senator has it exactly right. We have to remember that all the folks who signed that document 250 years ago, they understood well that America was actually an investment before it was a nation. So joint-stock companies were stood up in England and France and the Netherlands to establish New Amsterdam, for example—now New York—and to support, you know, the people there.

So that is in our blood as a nation, and everywhere I go around the world to talk to my counterparts, finance and other regulators around the world, they always ask me, "How do we replicate America's whole ethos of investment and risk-taking?"

Well, this is exactly how to do it. As the Senator said so well, for the next generation to have a feeling that they have a real stake in our economy, in the products that are made for their benefit and for the benefit of the world, frankly.

So I think it's an exciting day. Thank you very much for your leadership, and I'm really proud to be a part of it. Thank you very much.

Thank you.

I'd just like to add a couple things. There's been so much wonderful things have been said, Mr. President, about what you're doing. This is absolutely transformational.

I'd like to tip my cap to Secretary Bessent. His staff originally told him when this idea was floated that it would take a year or two, and Scott said "No, it's got to be the Fourth of July." [ Laughter ] And they delivered.

I'd like to thank the designers of the app, because every kid—as Scott arranged and as you were key to discuss—every kid could look at what firms they own. So it's not just going to say S&P 500, it's going to be: "You have a little bit of this. You have a little bit of that."

And so we believe what it's going to do, sir, is connect America's youth to our vibrant economy in a way that's never been done before.

So thank you very much.

Thank you very much.

So, everybody, we thank you. And the press has been very kind about this. This is one they have a hard time attacking. You know, we're all in this together. You have children. A lot of those children, already, they have their accounts.

We're going to see tremendous money come in from wealthy people and pretty wealthy people and very wealthy companies. And I'm getting calls from everybody to put money in, and they're going to put tremendous numbers of dollars in.

And these children are going to have, actually, accounts. They're going to learn about finance a little bit. They can watch it. We're going to all watch it grow together, and we're going to have a whole different planet when they turn 18. It's going to be a lot different when you turn 18 and you have no idea what's going on and you have no money and no hope, and they're going to have great hope. It's the American Dream. It's a big part of the American Dream.

So, again, Michael and Susan and Brad and everybody that has worked so hard, it's an honor to be—this is truly an honor to be involved in something that's pioneering, but really not, because for so many years—they said for many, many years, decades, they've tried to do it. They've never been able to pull it off.

So I just want to thank all of you guys. And I think it's such a great tribute to come together. This—people said: "No, no. There must be a mistake." [ Laughter ] "You mean you're having separate meetings?" I said, "No, no, I—they're—just watch at 9:30, right?"

So it's a great honor. And thank you for being so fair about it.

So we'll take a few questions, please.

Yes, please.

Mr. President, Vladimir Putin, shortly after speaking to you on July 4, struck Kyiv and killed innocent civilians. Why isn't he feeling any pressure after speaking with you?

Well, I think he does feel pressure. He wants to end it. And Ukraine wants to end it. And we're in talks, and we'll see if we can get it ended. It's a terrible thing.

I ended eight wars, and this was, in my opinion, going to be an easier one, because I know both heads. I didn't know most of the heads.

I did India. I did Pakistan. I did others. That could have been a real bad one—nuclear. That was going to be nuclear. It could have been—as the Prime Minister of Pakistan—could have been 40 million—40 million people would have been killed, maybe 50 million. They had shot down 11 planes. It was raging for 4 days, and I got it stopped. And I did that.

But this is one that I think we're getting much closer than people realize. And President Putin wants it to end—I will tell you that—very strongly. We had a good call. And President Zelenskyy actually wants it to end now.

And we're going to be going to NATO, and we're going to be talking about it, and we—I think we're going to get it—I think we're going to get it ended. It's been a terrible situation.

Think of this: 25,000 people—2 months ago, 25,000 people were killed, 1 month—soldiers. Last month set the record: 36,000 people were killed in 1 month. Young soldiers. They go off to war, and they—they're dead before the first week ends. It's drone technology.

Michael, who would have thought that drones would have become such a factor? And they're killing machines. It's amazing. It's amazing. You hide behind a tree, and it goes and gets you. And I've seen scenes that I don't want to see. I don't want you to see them—on the—on that battlefield.

You know, you hear about the Civil War. You hear about all of these different terrible wars. But this is really horrible.

So I had a very good call, and I think we'll—I think we're getting close to getting it done.

Mr. President, on the economy. There's been a refocus, it seems, in June, to talk about your economic policies. When do you think that message will change the perception of Americans related to the economy?

Well, I think people know. Look, oil is now at a level that—it was—I think it's even lower on a barrel basis than it was before we started. We've got—gotten concessions. Now, they have to hold those concessions, but there will be no nuclear weapon.

We're going to be getting the, as I call it, dust—the enriched material—nuclear dust, I call it. Seems to have taken off, but it's enriched material. We're getting it. We——

So will it be a month?

We're getting it.

I went in for one reason, very strongly, that Iran cannot have a nuclear weapon. I'm not looking for regime change. Although, this is regime change. The first regime is gone. The second regime is gone. And I think the third regime is more reasonable, but we'll find out.

But we've destroyed their—as you know, completely destroyed. Hundred and fifty—they had 159 ships. Every single ship is at the bottom of the sea. We've completely destroyed—they don't have one airplane. They don't have radar.

You know, one of the reasons we kept the oil down, because a lot of people said, Kevin—and a lot of people were saying that oil could go to $300, $350 a barrel. But one of the reasons that prediction wasn't right is, we were taking out—on average of 10, but sometimes less, sometimes more. Three weeks ago, we had a night—22 ships came out of the Strait and—the famous Strait of Hormuz. Nobody ever heard of—but it's some—it is a—that is some big money machine, I'll tell you what.

When you look at the numbers, Michael——

But when will it reach inflation?

——that makes everything look small.

But when does that—

No, wait. Wait, wait.

Yes.

And we took out so much oil that people didn't know, and it was—only took a month and a half. They finally found out. They had no radar because their radar was destroyed.

So we took them out late at night with no lights, with no nothing. And our great Navy, which did the greatest blockade anyone's ever seen—not one ship got through in 2 months. And we then freed up the blockade, because we're close to maybe making a deal.

I don't know, we'll make either—look, we're going to win one way or the other. We're either going to make a deal, or we're going to finish the job. Okay? And it won't be tough to finish the job.

I'd rather make a deal because I don't want to affect 91 million people. We can knock down their bridges in 1 hour. We can knock out their energy supply, all of those big plants that they built. Big, beautiful modern plants. They had a lot of money. They don't have any money now. We haven't given them any money.

But we can knock out their electricity and power-generating plants in, I would say, a small part an—of an afternoon. Every plant will be gone, and they know that. They know that.

Please.

Thank you, Mr. President. Jennifer Schonberger with Yahoo——

Daniel [Daniel Baldwin, One America News Network], go ahead, please. Go ahead, please.

Okay. Thank you so much, Mr.——

No, right behind you.

Oh.

Oh, yes.

You know why? He's a friendly voice.

[ Laughter ] Thank you, sir.

Go ahead.

Well, I wanted to thank you first and foremost for the Trump Accounts. My wife and I had a——

You see? That's what I call a reporter. [ Laughter ]

My wife and I had a baby earlier this year——

He's actually a great reporter.

so he'll directly benefit from the accounts.

Good. Thank you.

Fast-forward 18 years from now, and a lot of these kids are 18, and they can look at the Trump Accounts and they see hundreds of thousands of dollars in them. What lesson do you hope they'll walk away from and think about you, regarding this program? And do you think this will go down as one of, if not the signature policy achievements of your second term?

I hope so. I think it will. I really believe it's going to be one. I think we've done a lot of great things, but I think this will be one of the top.

It's going to teach children to be entrepreneurial, as opposed to the threat of communism that you're seeing a lot. This is not Social Democrats, by the way. That's a beautiful—you know, "We're Social Democrats," they say. [ Laughter ] They're not social—they're Communists. They want to destroy our country. We're not going to let that happen.

But this helps. Even from the parents' standpoint—you know, they see their child getting richer and richer as the market goes up. If it goes down, they don't lose anything. They make money. They have money. But if it goes up, they could become actually rich, and the parents are going to be watching. And we're all going to be watching, and we're part of a very big—a very big and very beautiful game.

It's going to bring them into the mainstream. It's going to bring them into recognizing—like Michael Dell. I said, "How the hell did you start this thing?" He—what he built is incredible. Now, his product is great, but as he said, he made them, I guess, laptops—he made a better laptop on his bed in a dorm than they sold in the store. So he starts selling them, I guess, probably during college. I don't know where the hell you started selling them, but you sold a lot of them, and it just cascaded.

And then he—his greatest deal was he met Susan, and she probably guided him beautifully. [ Laughter ] That was probably his most important thing, but—and they have great children, great everything.

But you know, it's a beautiful story. Think of it. They gave $6 billion 250 million, and there's a rumor he's giving more. I don't know if it's true. Now, I'm not holding him. [ Laughter ] I mean, it's hard to say, "Hey, how about—how about doubling up?" Right? [ Laughter ]

But—no, but think of that—and started with no money, other—he had a great brain, which is—you know, that's better than money, I think. But you know, it's like an amazing story.

And that could happen with other people. Maybe not to that extent. Maybe there could be a few to that extent, but not to that extent. But that can happen with some of the people here. Some of—some children living in poverty, it can happen. And now they have a real chance. It's a big thing. It's a big thing.

Yes, please.

Fédération Internationale de Football Association (FIFA) President Giovanni V. Infantino/Red Card Issued to U.S. National Men's Team Striker Folarin Balogun

Mr. President, can I wanted to ask you: Can you describe your phone call with Gianni Infantino about the red card? And Belgium is appealing the decision. What's your reaction to that?

You're asking me about the whole soccer thing?

Yes. What happened?

So, yes, I did. I spoke to Gianni, who's highly respected, who's produced the most successful World Cup in history by, they say, four times. This isn't just a success.

I actually said: "Gianni, we've got all these games. Each one is turning out to be a 'Super Bowl.'" Now, we have all these games. You know, when you think of it, every game is like a "Super Bowl."

Yes, I watched last night. What a game that was with Mexico and England. I mean, two countries—I don't know the players. Although, I think Kane is a great player. See, I played golf with him, and I like him a lot. He's a good golfer too. [ Laughter ] But he's a good—he's really—he's really great.

But I watched. And no reason for me to watch. And you couldn't take your eyes off the game. Because I said, "Gianni, you know, you have all these games"—because they added games in a country where, really, we don't—it's not our main sport, to put it mildly, and this has been four times more successful. He told me last night. The numbers are four times greater.

They think 50 or 60 million people are going to be watching the game tonight. And, you know, those are getting to be Super Bowl numbers. But you have a game tonight, and they think they were—they're projecting a minimum of 50 million people watching a game. We call it soccer. It's called football, I guess. But we can't really call football because it gets a little—there's a little confusion. So, yes. You call it soccer. We're the only ones that do that. But we have football, and football's great. But I've never seen anything like it.

So I saw the play, and I'm a person that loves sports and was a good athlete, and I understand sports really well—really well. And that wasn't a foul. That wasn't even an infraction. That was two guys running full speed that happened to crash into each other.

A guy—you can't take your foot and properly place it on somebody else's foot when you're going. No, these were two great athletes that got tangled up. And this referee, who is a little bit suspect, if you check his—if you check his past. I don't want to say that because I don't like to create controversy—[ laughter ]—but very suspect. If you'd like, I'll provide you with the past.

He made a call that nobody could believe. You know, even people on the other side, they say: "Oh, we got lucky. Wow, that's"—and it's very interesting.

They say they don't show them in slow motion. And I never realized that. I never heard of that before—that they're not allowed to review in slow motion because it's so different. Because you'll take one little quarter of a second, and you'll see that a hand is touching a neck, or you'll see something. Whereas when you see it in fast motion, it will look like two guys collided, which is really what happened.

They got sort of entangled. He didn't do anything wrong, and he's our best player, or one of our best players—a very vital player. And he gave him a red card. I didn't know what that meant. I didn't think it meant much. [ Laughter ] Then I started hearing that that means he can't play in the next game—at least in the next game.

I said, "Boy, that's a big"—you know, if it happened to another player, it would have been unfair, but when they take your best player—or just about; they have some great players, but—and they say you can't play, that's very unfair.

That's—you know, it's one thing to penalize somebody for the game, but how do you penalize them for a game that hasn't been played yet? It's very unfair. You can't do that.

So, yes, I asked for a review by FIFA. I spoke to a man who's highly respected—and by the way, whose level of respect has gone up tenfold. And he was good before this started. But, you know, he really pushed it in this country.

I'm the one that got them to do it. It was not Biden. Biden was asleep. I got them to do it. In fact, it was very sad, because I got him to do it, and if the progression was normal, I would have been retired now. The Democrats are saying: "Man, we should have just let him have his way. He would have had—we would have had him gone."

But I said, you know, the saddest thing is, I got the Olympics, and I got the World Cup. I tried to claim 250 years too, but that didn't work. [ Laughter ] They said that one is what it is. No, I tried, but it didn't work.

[ Inaudible ]—wanted to ask you——

But wait, wait. So I got them. I was so proud of it. And then I realized, you know, I wouldn't be President during the—because I would have been out of office by that time. I felt badly.

The beautiful thing about what I did is I ran. I never thought of it. And then all of a sudden I realized, you know, I just got the Olympics, and I totally got that myself. And I just got FIFA. I got that myself.

We gave a little piece to Canada, gave a little piece to Mexico. I got that myself. And a lot of——

And a lot of people helped, like that man right there, Kevin. A lot of people. You know that. We worked hard on that, and we got it.

And—but what we didn't know is how successful it was going to be. I thought—I didn't know. I said, "Gianni, is anyone going to show up?" [ Laughter ] Because, you know, we're not—again, we're not really—I think——

I think soccer is doing much better. But I couldn't imagine.

If you would have said to any very smart of these—like people like this, business—that the numbers they're doing now would be happening—they've never seen anything like it.

Think of it. Take the most successful Olympics or the most successful FIFA, and you look at what's happened—you look at the numbers for this in the United States just compared to FIFA, and it's numerous times more. It's not like 10 percent more; 2 percent more; 5 percent more, which is more expected. It's like four times more successful than anything they've ever done.

In fact, I said to Gianni, "Let's do it again next time," and he said, "That would be hard." I said: "No, no. You do it again. But at the same time, you give it to somebody else for the next one." [ Laughter ] I don't know. It's a little crazy idea.

But all I did—all I did: I asked for a review because I didn't think it was a foul. And you know, again, I'm good at this stuff. I didn't think it was a foul. I thought it was two great athletes that crashed into each other and got entangled. That was not a—that was not a guy punching somebody in the face or anything that, you know, would be different.

And I think it's—I think it's a terrible—if they wouldn't allow, you know, a top player—maybe the best; maybe among the best players on the team—to play, I think it would have had a big stain.

And I relayed it, just that feel—I didn't tell him what to do. I can't tell him what to do, but—and I don't believe he made the decision. I think it was a committee that made the decision. And they made the right decision, because, number one, it wasn't a foul. And you want to see a game with your best players.

You don't want to say—how would you feel if I took—you know, we take Messi out? What—you know, he ran into somebody. Or we took Ronaldo—"Ronaldo, you bumped into somebody. We're going to take you out of a game." He's great. Or Harry Kane. "Harry Kane. We're going to take you out of the game, Harry, because you happened to hit somebody a little bit harder than"—you can't. You can't do that. If you would have taken him out, I think it would have really stained this incredible champ—we've got to have our best players, and they've got—Belgium's got a great team, by the way.

We've got to have our best players, and they have to have their best. And if we win or we lose, it's fair. Otherwise, let's say we lost him and we lose the game—it would be a terrible thing. So I think they made a really brilliant decision.

I think the referee's call was horrible, and nobody talks about that. They talk about the red card like it's fine. Nobody talks—the referee's decision to red card—I didn't know what the hell a red card was. When I found out, I said, "You've got to be kidding." This guy just—hands up—"Okay, your best player is not going to play next week or in the next game."

I said: "Wow, that's a lot of power. That's terrible." But then I looked at his past, and it wasn't so great.

Okay.

Yes. Mr. President, are you going to talk to the Belgian Prime Minister before the game?

I didn't think of it, but I would. He's a good man. I——

But is it your responsibility——