President Donald Trump participated in an interview with CNBC's Joe Kernen in the Oval Office on July 3, 2026, discussing his finances, the economy, and ongoing legislation.
During the interview, Trump defended his family's business interests, expressing concern that the presidency creates conflicts of interest regarding his children's investments. He stated, "Anything they do, because the presidency is so powerful ... if they buy a cupcake company, well, the energy to make the cupcakes... is sort of like, how's my energy policy?" He acknowledged that their investments have faced scrutiny, particularly as they align with his administration's strategic goals.
Trump's financial disclosures revealed he made over $2 billion in 2025, with his son Eric managing his finances through semi-blind trusts. He emphasized that there was "nothing illegal" about his financial dealings, including a crypto venture that generated significant revenue.
The interview also covered Trump's desire to fire Federal Reserve Governor Lisa Cook, despite a recent Supreme Court ruling preventing this action for now. Trump stated he would pursue the case to achieve his goal.
On the topic of a bipartisan housing bill that recently passed Congress, Trump expressed reservations about signing it, citing concerns over Democratic provisions. He indicated a preference for prioritizing the SAVE America Act, which aims to implement voter ID requirements.
Trump criticized the Supreme Court's liberal justices for voting as a bloc and commented on the dynamics within the conservative justices. He expressed a desire for the Senate to eliminate the filibuster to facilitate legislative action.