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Trump opens market from Oval Office, promotes Dell stock before bump

1 of 6 | President Donald Trump rings the opening bell of the Nasdaq and the New York Stock Exchange to celebrate the first day of trading for Trump Accounts in the Oval Office of the White House in Washington, D.C., on Monday. Photo by Shawn Thew/UPI | License Photo

July 6 (UPI) — Stock in Dell Technologies jumped Monday morning after President Donald Trump promoted the company while opening the stock exchange from the Oval Office.

Dell CEO Michael Dell and Susan Dell were in the Oval Office along with investor Brad Gerstner, Treasury Secretary Scott Bessent and Sen. Ted Cruz, R-Texas, as Trump rang the opening bell. The president used the moment to encourage the purchase of Dell computers, preceding a 7% increase in Dell stock.

“Go out and buy a Dell computer,” Trump said. “Michael and Susan Dell, they are truly incredible.

The Dells donated $6 billion to the Trump Accounts program for children. Public financial disclosures show that Trump actively traded Dell stock in 2025, making 24 trades and purchasing stock 16 times.

We’re going to get him that money back one way or the other,” Trump said. “Then I’ll ask for another $6 billion. We’ll start the whole process all over again.”

Monday’s Oval Office event recognized the opening of the Trump Accounts on Saturday. The accounts are available to children 18 or younger and include a $1,000 contribution from the U.S. Treasury Department for babies born from 2025 through 2028.

“The American dream belongs to every child, and today we are equipping the next generation with the right to claim their rightful share of it,” Bessent said.

New York Stock Exchange president Lynn Martin was also in attendance in the Oval Office.

A cowboy rides a horse during Rodeo 250 at the Great American State Fair on the National Mall in Washington on July 1, 2026. Photo by Bonnie Cash/UPI | License Photo

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Marco Rubio: Iran must reopen Strait of Hormuz, discuss nuclear program

June 2 (UPI) — Secretary of State Marco Rubio told the Senate on Tuesday morning that Iran must reopen the Strait of Hormuz and commit to future talks on its nuclear program before the United States will make concessions.

He testified before the Senate Foreign Relations Committee before a scheduled afternoon meeting with a House panel on State Department spending. Both sessions were planned so that Rubio could defend the department’s nearly $36 million budget request for the 2027 fiscal year.

Rubio is also President Donald Trump‘s national security adviser.

The Washington Post reported that Rubio’s testimony with lawmakers has been mostly friendly. He served in the Senate for 14 years and in the House for 8, representing Florida.

Lawmakers from both sides of the aisle have expressed frustration with the cost and potential political fallout from the war with Iran.

“This war and the administration’s decision to blockade has now held the entire world economy, and the U.S. economy, hostage to the ability to negotiate an agreement with Iran,” said Sen. Chris Murphy, D-Conn, The Post reported.

The Strait of Hormuz, which has been closed by Iran since late February, must reopen, Rubio stressed. The strait is a critical waterway for shipping of much of the world’s oil, gas and fertilizer. The closure has caused gas prices to rise, causing anxiety as Republicans fear losing House and Senate seats in November.

Rubio said Trump demands that Iran enter into negotiating “severe and long-term limitations” on its nuclear program, including disposing of enriched uranium, and those talks could take months.

But he said he’s optimistic that Iran is more willing to negotiate on nukes.

“They have agreed to negotiate aspects of their nuclear program that just a month ago, just a year ago, they were refusing to even mention,” The Guardian reported Rubio said. He warned that it’s “not a guarantee that ultimately it will lead to a deal that’s acceptable,” and Iran’s leadership instability has made the negotiations more difficult.

Rubio said Iran had intended to use its conventional weapons capabilities as a “shield” to protect its nuclear program, The Guardian reported.

“What they tried to do is, they were going to try to build a conventional shield and hide behind that conventional shield,” he said, explaining why Trump wanted to start the war.

He also admitted, after questioning by Sen. Ted Cruz, R-Texas, that another sticking point for Trump was that Iran stop supporting terrorist proxy groups. He said Trump is not willing to ease sanctions just for opening the strait.

Rubio said that Iranian Ayatollah Mojtaba Khamenei is believed to be alive.

“I would imagine, given what’s happened to multiple leaders in that system, being very public is probably not something that’s recommended for them internally,” he said. “But that said, I think there are indications out there that he is increasingly engaging at some level, although all of his communications have been in writing and through intermediaries.”

Along with Iran, lawmakers were expected to ask Rubio about the president’s comments about Cuba and Taiwan.

Secretary of State Marco Rubio and President Donald Trump participate in a Cabinet meeting in the Cabinet Room of the White House on Wednesday. Photo by Samuel Corum/UPI | License Photo

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