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PBS News Hour - Segments

As some lawmakers cash in on Trump’s tariffs, others try to ban betting on Wall Street

PBS News Hour - Segments

PBS NewsHour

News, Daily News

41K Ratings

🗓️ 19 June 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

A recent Wall Street Journal analysis reveals a surge in stock trading by lawmakers and their families in early April, as President Trump’s shifting stance on tariffs sent markets into turmoil. But while some members cashed in, others are looking to highlight lawmakers’ trades and bar Congress from betting on Wall Street. Lisa Desjardins has the story. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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0:00.0

A recent Wall Street Journal analysis reveals a surge in stock trading by lawmakers and their families in early April, as President Trump's shifting stance on tariffs sent markets into turmoil.

0:11.8

But while some members cashed in, others are looking to highlight lawmakers' trades and bar Congress from betting on Wall Street.

0:19.5

Lisa Desjardin has that story.

0:21.6

From his office in Los Angeles,

0:23.6

29-year-old Chris Joseph's is changing the way people see wealth and power.

0:29.6

I didn't aspire to be an expert of what Nancy Pelosi or other politicians are stock trading on a day-to-day basis,

0:35.6

but it's been kind of an incredible ride.

0:38.8

A few years ago, he saw news stories about members of Congress making big stock trades during COVID.

0:44.4

Senators are under a microscope for selling off stocks.

0:47.3

Betraying your country in a time of crisis. The first Washington scandal of the coronavirus era.

0:53.8

And while they must disclose their trades within 45 days and they can't use insider knowledge,

1:00.0

lawmakers are free to trade on stocks for industries they oversee or write legislation about.

1:07.0

Joseph's got on his computer and launched a name and sometimes shame effort on Twitter.

1:12.9

The Pelosi tracker highlighting some trades by lawmakers and their families,

1:17.5

including former Speaker of the House Nancy Pelosi's husband, Paul.

1:21.4

The idea took off, and so did the profits for tens of thousands who followed the account

1:26.3

and Joseph's autopilot

1:28.2

app.

1:29.2

The Pelosi trades are the most popular of many lawmaker choices.

1:34.2

Seeing it all, Joseph's questions if this is fair play.

1:38.3

Everything that we have on the data size points to these politicians from when we've

1:42.0

been tracking them have done a great job trading stocks.

...

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