April 5, 2025
Former President Donald Trump’s recent claim that he intentionally avoided listing his media company on the New York Stock Exchange (NYSE) due to perceived business bias in New York has sparked widespread scrutiny — including a sharp rebuttal from an NBC financial analyst reporting live from the NYSE trading floor.
🔍 What Trump Said
While speaking about the launch of Trump Media & Technology Group (DJT), now trading on the Nasdaq, Trump stated that he declined to list on the NYSE because “business people are treated too badly in New York” and hinted at legal risks from the New York Attorney General’s office.
📉 NBC Analyst Pushes Back
An NBC business correspondent, reporting directly from the trading floor, criticized Trump’s narrative, pointing out several factual inaccuracies:
- Geographic Irony: Both the NYSE and Nasdaq are headquartered in New York City and subject to the same state regulatory environment.
- Leadership Misfire: Trump referred to the “top person” at the NYSE as male, while the NYSE is led by President Lynn Martin and Chair Sharon Bowen — both women.
- Market Reaction: Since its debut, DJT shares have dropped over 7%, closing at $17.09 as of April 5, 2025.
“Listing on Nasdaq doesn’t exempt you from New York laws, and this attempt to spin a political narrative is purely symbolic,” said the NBC analyst.
🏛️ NYSE Responds
In a brief statement, an NYSE spokesperson responded diplomatically, saying:
“We would’ve welcomed Trump Media to list. America’s capital markets thrive with greater public participation, and New York remains open for all companies.”
📊 What It Means for Investors
Investors are now watching closely. With Trump Media shares slipping amid political distractions, analysts urge retail traders to focus on fundamentals and market performance rather than headlines.
