Washington, D.C. — On Thursday, Fox Business Senior Correspondent Charles Gasparino reported that the White House was tipping off Wall Street executives about negotiations over possibly imminent trade agreements. On Tuesday, Treasury Secretary Scott Bessent told investors at a private J.P. Morgan summit that he expects a de-escalation in the tariff stand-off with China.
The following is a statement from Demand Progress Education Fund Corporate Power Director Emily Peterson-Cassin:
“While we all look at our retirement accounts with alternating relief and horror, Wall Street execs are getting a direct heads-up from the White House about news that could earn them billions on the stock market. The White House is flagrantly enabling insider trading and is continuing their long history of embracing Wall Street while throwing everyday Americans to the wolves. These tip-offs also serve as a corrupt shakedown scheme to lure powerful CEOs into Trump’s orbit to beg for their own special carve-outs. It is crystal clear that the president doesn’t care about fighting for Main Street and just wears economic populism like one of his ill-fitting suits.”