logo
Gold plaque, Olympic medals and a jet: Here are the gifts Trump has accepted

Gold plaque, Olympic medals and a jet: Here are the gifts Trump has accepted

Axios19 hours ago
Donald Trump received a glass disc with a 24-karat gold base from Apple CEO Tim Cook on Wednesday, as the tech titan announced a $100 billion investment in U.S. manufacturing facilities.
Why it matters: The gold bauble is the latest lavish gift presented to Trump in an attempt to curry favor with the president this year, raising both ethical and legal concerns.
What they're saying:"Elected leaders and business titans from around the world are traveling to the Oval Office to make historic investments into America because of President Trump's bold vision," White House Spokesman Davis Ingle told Axios in an emailed statement.
"Often these leaders are eager to share gifts highlighting the exciting work they are doing," the statement continued.
Catch up quick: The president accepted a $400 million jet from the Qatari royal family earlier this year that would be worth over 100 times more than any other gift accepted by a president from a foreign nation combined since 2001, according to an Axios review of State Department data.
Trump also received a full set of 1984 Olympic medals earlier this week, as he will preside over the games in Los Angeles in 2028.
Zoom out: Trump has outfitted the Oval Office in many shiny gold accents this year, in ways that critics consider reminiscent of a monarchy, and in contrast to America's founding principles.
The president has added two side tables supported by golden eagles, "Trump 47" gold coasters and adorned the marble fireplace with gold ornaments, amongst other things, according to a review by NPR.
What other gifts has the president received?
The president and the first family failed to report at least 117 foreign gifts worth roughly $291,000 during his first term in office, according to a 2023 report by the then Democrat-led House Committee on Oversight and Accountability.
In that review, the Department of State indicated that the Trump administration "did not prioritize" reporting gift records to the department, causing the agency to publish an incomplete listing of gifts that did not include any foreign gifts received by President Trump.
Flashback: The report found that the family accepted a Saudi dagger worth up to $24,000, two sword sets with a total value of $8,800 and multiple winter coats, one of which is valued at up to $3,000.
The former Prime Minister of Japan, Shinzo Abe, gifted Trump multiple gold golf clubs in an attempt to create a "special relationship," including one worth an estimated $3,755.
The National Archives and Records Administration has no record of the clubs and does not have them in its custody.
The president did disclose the acceptance of an Ultimate Fighting Championship belt, a bronze statue depicting the flag raising over Iwo Jima, and customized golf accessories amongst other things in his final financial disclosure reports in 2021.
What laws prohibit the president from accepting gifts from foreign leaders?
The Foreign Emoluments Clause of the U.S. Constitution prohibits anyone holding office from accepting any "present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State."
The Foreign Gifts and Decorations Act blocks the president and federal officials from keeping personal gifts worth more than "minimal value," which is currently equivalent to $480.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Apple is a star (again) as investors hope tariffs don't squeeze markets
Apple is a star (again) as investors hope tariffs don't squeeze markets

Yahoo

time16 minutes ago

  • Yahoo

Apple is a star (again) as investors hope tariffs don't squeeze markets

Apple is a star (again) as investors hope tariffs don't squeeze markets originally appeared on TheStreet. Stocks had a nifty week last week, especially technology shares. All of the major averages had solid weeks. The Standard & Poor's 500 index rose 2.4%, its best week since June. The Nasdaq Composite Index jumped 3.87%. Its compadre, the Nasdaq-100 Index, added 3.73%. The small-cap Russell 2000 Index moved up 2.38%. And the venerable Dow Jones Industrial Average managed a 1.35% gain. The market's gains came as new tariff rates for goods exported to the United States seemed to settle in at around 15%, with a number of deals not yet finished with a number of countries, including Canada, China and Mexico. What's not clear is the effects tariffs might have on the domestic economy and has added volatility to financial markets. There is a lawsuit now before the U.S. Court of Appeals arguing that the president can not impose tariffs unilaterally. Some stocks had positively gaudy returns. Palantir Technologies () added 21.19% on the week after reporting its second-quarter revenue hit $1 billion, up 48% from a year earlier. It projected $4 billion-plus in revenue for the Networks () jumped 18.4%, and Axon Enterprise () , maker of the Taser and other equipment targeted at law enforcement, rose 13.5%. But there have to be losers, and there were: Eli Lilly () , off nearly 18% Thursday because orforglipron, its GLP-1 weight-loss that can be taken with a pill, didn't perform as well as Novo Nordisk's Wegovy in the latest trial. It was the biggest one-day loss for Lilly in 25 years. The Trade Desk () , an advertising platform that helps advertisers reach audiences across many channels, fell 37%.Apple reminds people they're still around Here we have to note Apple () , a stock many people currently loathe. The iPhone is wonderful, they'll say. So is the Macintosh computer. The graphics are great. But where's the artificial intelligence? Apple doesn't have an AI product to compete directly against Microsoft, Meta Platforms () and Google-parent Alphabet () At the end of July, Apple was down 17.1% for the year. This week, Apple shares were up 13.3%, sixth-best among S&P 500 stocks and the 2024 stock price decline has been cut to 8.4%. Reason: CEO Tim Cook said the company will invest an extra $100 billion on new plants in the United States. In exchange, the Trump Administration agreed to waive tariffs on Apple products made in China and India. Its market cap has risen to $3.4 trillion. Tech led the sectors Among the 11 S&P 500 sectors, technology had the best week, rising 4.27%, followed by Consumer Discretionary at 3.81% and Communications Services. Techs were led by Palantir, Arista Networks, Micron Technology () and Apple. Only three sectors were down on the week: Real Estate, down 0.14%. Health Care, down 0.8%. Energy, down 1%. Crude oil is down 11.7% on the year. The overall S&P 500 Index is up 8.63% and 32% from the bottom after President Trump introduced what's proven to be a first draft of a tariff plan. More Experts Stocks & Markets Podcast: Sectors to Avoid With Jay Woods Trader makes bold call with Boeing stock after defense workers strike Veteran fund manager sends urgent 9-word message on stocks But . . . There's always a catch After the market's decent-to-strong performance this past week, maybe in the back of your mind, you're thinking: Relatively speaking, how does it compare. Nicely, as noted. But the S&P 500 Index, used often as a short hand for the market, hasn't had a record close in (gasp!) nine whole days. Is this the end of the world? Probably not. The index has already seen 15 record closes in 2025, and autumn has not yet arrived. In 2024, in part because of the presidential election, there were 29 new record closes between July 26 and the end of the all, the index generated 57 new closing highs in 2024, according to Howard Silverblatt, Standard & Poor's senior index analyst. The record is still 77 closing highs in 1995. And that was as the Internet Bubble of the late 1990s was just getting started. The timing of new highs quite variable. The S&P 500 hit a closing high of 6,144.15 on Feb. 15. It took 128 days — and the tariff-induced minicrash in April — before the index hit a new record close: 6,173 on June 27. What's ahead for the market? The week ahead includes 621 earnings reports, a goodly number until you remember that last week 1,552 companies reported quarterly results. All will mention tariffs somehow. The reports expected to grab the most attention will be: Dow component Cisco Systems () , due after Wednesday's close. Cisco makes routers and networking equipment. Revenue estimate: $14.5 billion, up 7% from a year ago. Earnings estimate is 91 cents a share, up 4.6%. Chip-equipment maker Applied Materials () , after Thursday's close. The revenue estimate: $7.2 billion, up 5.4% from a year ago. Earnings estimate: $2.35 a share, up 10.9%. Farm-equipment maker Deere & Co. () , before Thursday's open. Revenue estimate: $10.3 billion, down 21.7%. Earnings estimate: $4.60, down 27%. Tapestry () , the owner of Coach leather goods and Kate Spade New York. Revenue estimate: $1.7 billion, up 5.4% from a year ago. Earnings estimate: $1, up 8.7%. Apple is a star (again) as investors hope tariffs don't squeeze markets first appeared on TheStreet on Aug 10, 2025 This story was originally reported by TheStreet on Aug 10, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Ultra-wealthy Illinois Dem gov hits back at Mamdani for declaring billionaires shouldn't exist
Ultra-wealthy Illinois Dem gov hits back at Mamdani for declaring billionaires shouldn't exist

New York Post

time17 minutes ago

  • New York Post

Ultra-wealthy Illinois Dem gov hits back at Mamdani for declaring billionaires shouldn't exist

Billionaire Illinois Dem Gov. JB Pritzker on Sunday ripped socialist New York City mayoral hopeful Zohran Mamdani's contention that people of his net worth shouldn't exist. 'Look, how much money you have doesn't determine what your values are,' Pritzker fired back on NBC's 'Meet the Press.' Mamdani had declared shortly after his shock Democratic primary win in June that he that he doesn't want Americans to be allowed to amass billion-dollar fortunes. Advertisement 3 Illinois Dem Gov. JB Pritzker on Sunday defends his progressive bona fides despite being a billionaire. NBC 'I don't think that we should have billionaires because, frankly, it is so much money in a moment of such inequality, and ultimately, what we need more of is equality across our city and across our state and across our country,' he told 'Meet the Press' at the time. But Pritzker, an heir to the Hyatt hotel fortune, Sunday rattled off his beliefs in universal healthcare, free public education, democracy and opposition to 'MAGA Republicans' as evidence that he is a legit Democrat. Advertisement 'It does not matter what your income level is. What matters is what your values are. And that's what makes me a Democrat,' the ultra-wealthy pol contended. 3 Leading Big Apple mayoral contender Zohran Mamdani has ripped into the notion that billionaires even exist. James Keivom Pritzker, who has led Illinois since 2019 and is one of the richest politicians in the country, has an estimated net worth of about $3.6 billion, according to Forbes. His fortune stems almost entirely from his family's wealth from its ownership of the Hyatt hotel chain, which was founded by his late uncle, Jay. Some of the gov's wealth comes from other investments, such as the Pritzker Group. Advertisement The Pritzkers have been a fixture on Forbes' 'America's Richest Families' for decades. The Illinois Democrat has donated heavily to the party throughout the years and tapped into his deep pockets for his own runs, having spent an estimated $323 million on his two campaigns for governor. Now he's gearing up to seek a third term — although he hasn't ruled out a 2028 presidential run. 3 Mamdani once floated the idea of the government seizing means of production. James Keivom Advertisement Mamdani's campaign did not respond to a Post request for comment. As with many top Democrats, Pritzker has refrained from backing Mamdani outright. The governor has meanwhile made headlines for welcoming Texas Democrats to Illinois in a bid to disrupt GOP redistricting efforts in the Lone Star State. Pritzker shrugged off Republican attacks on him for being hypocritical, given that his state has one of the most heavily gerrymandered maps in the country. 'What Texas is trying to do is, again, violate the Voting Rights Act. We didn't,' Pritzker claimed. 'We held public hearings, legislative hearings. People attended them. They spoke out. There was a map that was put out. There were actually changes made to the map.' Democrats control 14 of Illinois' 17 congressional seats — or 82%. Former Vice President Kamala Harris won the state in November with 54% of the vote. By comparison, Republicans have 26 of the 38 congressional seats in Texas — or 68%. President Trump won Texas in November with 56% of the vote. Trump is hoping to squeeze another five seats out of Texas through the proposed mid-decade redistricting. Texas Democrats have held up the redistricting effort so far by fleeing the state to stop the state legislature from passing it.

Sanders shrugs off Vance as possible MAGA successor: ‘Doesn't matter to me who heads the Republican Party'
Sanders shrugs off Vance as possible MAGA successor: ‘Doesn't matter to me who heads the Republican Party'

The Hill

time17 minutes ago

  • The Hill

Sanders shrugs off Vance as possible MAGA successor: ‘Doesn't matter to me who heads the Republican Party'

Sen. Bernie Sanders (I-Vt.) on Sunday shrugged off the idea of Vice President Vance being the likely Republican frontrunner for the 2028 presidential elections. 'Neither Trump, nor he nor the Republicans of today have anything of significance to say to working class people,' he said on CNN's State of the Union with Dana Bash. 'Doesn't matter to me who heads the Republican Party,' he added. President Trump said on Tuesday that Vance would be the 'most likely' successor of the Make America Great Again (MAGA) Movement in 2028. 'So it's too early to talk about it, but certainly he's doing a great job, and he would be probably favored at this point,' Trump said. Bash reminded Sanders that Vance is from a working-class family in Ohio and could appeal to many voters in red states, but Sanders shrugged off the idea that the vice president could be a threat to Democrats in 2028. 'What they are trying to do is divide us up, 'you're a Muslim, you're undocumented, you're black, you're gay, let's divide everybody up so the rich can become richer'. Our job is to bring people together. Doesn't matter to me who heads the Republican Party,' he continued. Trump also said Tuesday that he would 'probably not' try to bridge a third term and touted the idea that Secretary of State Marco Rubio could run alongside Vance as vice president in 2028. In February, Vance was already seen as a favorite successor to Trump in a Conservative Political Action Conference (CPAC) poll. Sixty-one percent of respondents said they would support Vance as the future of the Republican party. Other Republican politicos and media personalities have been rumored to be thinking about campaigning in 2028, including Secretary Rubio, right-wing influencer Steve Bannon and Florida Gov. Ron DeSantis.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store