Morning briefing. Yesterday's Treasury disclosure revealed BNY and Robinhood will develop the application for Trump's tax-advantaged juvenile investment accounts, scheduled for July rollout. Each qualifying child born 2025-2028 will receive $1,000 in federal seed funding. Despite arguments about preferable allocation of these funds, historical evidence confirms early investment as a reliable wealth-building strategy. This explains participation from corporate giants including Nvidia, JPMorgan Chase, BlackRock, Intel, Citigroup, Chipotle, Delta Air Lines, and Coinbase, all committing to mirror government contributions for employees' offspring. Dell Technologies' Michael Dell and spouse Susan amplified this momentum with their $6.25 billion endowment. Given escalating anxieties about artificial intelligence displacing workers and expanding economic inequality, should additional executives champion this program? Key considerations emerge:
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