“The Rich Get Richer” - Trump's Posts Move Markets…Now They're For SALE

**SPEAKER_1** (0:00)
Trump is selling millisecond access to his truth social blast, and traders are already lining up.
And this story alone is creating a lot of controversy. Some people are saying, what are you doing? What is this all about? So let me read it to you, and Tom, I'll come to you. This is a fortune story. Trump Media plans to sell financial institutions millisecond access to posts from prominent truth social accounts, potentially including President Trump's market moving announcement, the Service Truth TSI would give trading firms an advantage before posts about traffic wars or other policies, move stocks, bonds, oil prices and interest rates. Trump has the platform's largest audience with 12.9 million followers and remains Trump's media's biggest shareholder. He's selling expedited privilege access to information about what he is doing as a president. Government ethics expert Kathleen Clark said, following the arrangement and improper exploitation of government power of enriching himself, Trump media did not say whether presidential posts would be included or what customers would pay. The company said that service would cover the highest ranking truth social accounts and launch next month with customers already committed. Federal conflict of interest laws generally restrict officials from profiting through their public duties, but presidents and vice presidents are exempt. Previous presidents nevertheless divested individual holdings and used blind trusts. Trump has retained his business interests. Tom thoughts?

**Tom** (1:27)
So first of all, I think Fortune is playing games at the headline here because they can.
What you just read there is the truth. The president can't sell access to his proclamations only to a certain group of traders who are then going to go trade on the open market. That's usually been done in the past and it's called Nancy Pelosi. And we all looked at what happened there. And by the way, I'm just speaking of the objective look at her increase in wealth and what she controlled and what others in government like Ro Khanna, what their wealth increased. And so we all know, Pat, that that is something that's a sore point. You mean Americans are upset that there's two levels that they think there's two systems of justice, and they also think there's two systems of economic access. So and there's laws here that prevent this. So the president can't do it to his. But what they're saying, Trump Media and the Trump Media CEO, which is McGurn, Kevin McGurn, didn't say where the President of the Post would be in credit. They're not. They're going to be the high ranking accounts. But they're going to give traders millisecond asset. And if you don't think traders already have millisecond asset access, they do. They have millisecond access to PR. You know, you'll have.
You're good.
You have access to PR, like a press release comes out. Something comes out on a... I'll give you an example. If you've ever seen a press release of an earnings report, Vinny, you have text, and then at the bottom, you have the charts. They'll drop that, and then right when the market closes, or after the market closes. And these guys get millisecond asset access, and are making off-hours trades or pre-market trades for tomorrow, but they're already in. They already have that, because the AI grabs that, and grabs that chart immediately, and jumps on it. So, this is what they're saying, Hey, Pat, would you like a subscription to the data feed, and you will have millisecond access?

**SPEAKER_3** (3:15)
Are you okay with it?

**Tom** (3:17)
I'm not okay if this is any of the Trump stuff, because I think that on the federal guidelines, that will come out and be not legal. I don't think you can do that with his post. But when you're doing this for everybody else, man, I understand they're going to make money for True Social. I understand that it's legal, but if it's Trump's company, it's kind of a bad luck in a world where we have been calling Nancy Pelosi crooked, and yet here's another way that the rich will get richer with proprietary access to data nobody else has.

**SPEAKER_1** (3:46)
Any thoughts?

**SPEAKER_4** (3:47)
Well, the attitude is going to be, Tom, like you said, if they keep doing it and their side keeps doing it, why can't the other side do it? And if it's legal, Pat, so be it. You know what I mean? It's the same as when Trump was talking with Hillary Clinton, which is like, him and his taxes and blah, blah, blah. He's like, I'm taking advantage of the taxes. You guys make the laws. You guys make the rules. If you guys want to change it, if you don't want me to do it, then change it. So, and again, Tom, with me, it's like, we obviously know, you know...