Altimeter Capital founder and CEO Brad Gerstner discusses President Donald Trump’s new child investment accounts, China’s latest AI restrictions and Samsung’s stock slide for ‘Mornings with Maria.’
Corporate America is launching support for the Trump Accounts program, with Altimeter Capital founder, Chairman and CEO Brad Gerstner predicting that the program will attract more than $100 billion in additional private bonds over the next year as businesses and philanthropists back new investment accounts for America’s children.
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Brad Gerstner joined FOX Business’ Maria Bartiromo on “Mornings with Maria,” where he pointed to what he described as early tension after the program’s launch, saying businesses, protesters and families are embracing the program.
President Donald Trump stands next to the bell before ringing it to open the New York Stock Exchange before the launch of Trump’s investment accounts in the Oval Office. (Mandel NGAN/AFP/Getty Images)
“We have billions of dollars in commitments that we haven’t announced yet,” Gerstner said. “I said to the president, I think we’re going to have an additional $100 billion in contributions over the next 12 months.”
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Gerstner said the program was created as a partnership between private and public companies that depended on private capital alongside initial government investment. He emphasized the commitment of corporate leaders and philanthropists, saying that this program allows donors to directly fund investment accounts for children in schools, communities and regions across the country.
BNY CEO Robin Vince joins ‘Mornings with Maria’ to discuss BNY’s 250th anniversary, President Donald Trump’s new investment plan for children, the US economy and digital assets.
“It’s a huge ROI for the community and America is opening its wallets and pouring a lot of money into these,” Gerstner said.
BNY CEO Robin Vince also joined Maria Bartiromo on “Mornings with Maria” to discuss BNY’s role in developing the program, designed to give more Americans access to long-term investing through early savings and compounding capabilities.
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President Donald Trump introduced Trump accounts, which are described as large savings accounts for everyone.
“We have 40% of Americans who don’t directly participate in the stock market,” Vince said. “This program is about bringing more people to contribute to the real estate market, the economy and the biggest companies in America.”
Vince said the program encourages families to start investing early, arguing that regular contributions over time can significantly increase the value of the account through compounding. He also noted that many companies, including BNY, match contributions for the children of eligible employees.
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