AP FACT CHECK: US prosperity through the lens of Trump
WASHINGTON (AP) — President Donald Trump made some bold statements in his visit to Poland. An AP Fact Check finds some inaccuracies in what he said.
He told European leaders that the rising U.S. stock market is making everyone wealthy — but not giving him any financial benefit. The stock market, though, is not lifting all boats, because most Americans don’t have meaningful investments in it.
Meantime, his own investments are probably gaining value.
Financial disclosures show the president has multiple brokerage accounts and extensive stock holdings. For example, he owns shares in Apple, up 23 percent year-to-date. Also, Caterpillar, up 15 percent, and Microsoft, up 10 percent. Even if Trump didn’t buy into the recent stock market gains, his existing shares probably received a boost.