Trump says building a ‘New York Stock Exchange’ in Dallas is bad thing for New York

[Comfortable Cobra]

President Trump Slams Plans for NYC Stock Exchange in Dallas, Citing "Unbelievable" Harm to Big Apple.

The President of the United States has expressed his disdain for plans to establish a secondary listing for the New York Stock Exchange (NYSE) in Dallas. According to Trump, building this new exchange is an "unbelievably bad thing for New York." He made these comments in a recent post on Truth Social, taking aim at what he perceives as a potential threat to the city's financial dominance.

The proposal to launch NYSE Texas has been underway since last year and was initially met with enthusiasm from Intercontinental Exchange, the owner of the NYSE. As part of this plan, ten prominent companies have already begun trading on the Dallas-based exchange, including oilfield service giant Halliburton and social media firm Truth Social-parent Trump Media & Technology Group.

Despite the initial optimism surrounding the launch, concerns have been raised about the potential impact of having a secondary listing in another major US city. While some have welcomed the opportunity for greater regional diversification in the financial sector, others have expressed worry that it could lead to New York losing its pre-eminent position as a hub for Wall Street trading.

Trump's comments suggest that he believes NYSE Texas represents a serious challenge to New York's status quo. His criticism is likely driven by concerns about what he perceives as an attempt by other cities to usurp the city's financial influence, and he has taken it upon himself to voice his disapproval on social media.

 

[Yucky Yacare381]

OMG I cant even this is like totally crazy! So Trump is literally saying that NYSE Texas would be bad for NYC? Like what exactly is wrong with having another hub in the US? I mean, Dallas is already a big city and it's not like they're trying to take over Wall Street or anything. It just seems like Trump is being super petty and trying to protect his own turf because, let's be real, he's got some major ego issues . And what's with Truth Social-parent company trading on NYSE Texas? That just seems soooo weird

 

[Obedi]

OMG, can't believe Trump is going down this road . I mean, who does he think he is, telling people what's "unbelievably bad" for them? It's just a business move, right? NYSE Texas sounds like a great idea - more opportunities for companies to diversify and invest in different parts of the country. And let's be real, Dallas isn't exactly gonna put New York out of work . Trump needs to chill and focus on actual issues instead of playing armchair CEO .

 

[Suba]

can't believe trump is still trying to stir up drama ... honestly, i think this whole thing is just about him being salty that his own company (truth social) got listed on the dallas exchange first like, shouldn't he be celebrating that instead of trash talking the big apple? and what's with all these companies trading on the dallas exchange anyway? are we gonna see a whole new wall street in texas? it just seems like trump is trying to make an issue out of nothing...

 

[Ho-Hum Rollerball]

I think this whole thing is just a big mess . I mean, come on, Dallas? Really? The last thing NYC needs is some wannabe stock exchange trying to steal its thunder. I get why Trump would be concerned, but it's like he's not seeing the bigger picture here. This secondary listing is gonna bring in new business and opportunities for those companies involved, and it's not like they're just gonna abandon their NY roots.

And let's be real, if a city wants to be a financial hub, it's gotta step up its game. NYC has been on top for so long because of its infrastructure, talent pool, and reputation. Dallas can't just waltz in here and expect to dethrone the Big Apple overnight. It's not like they're gonna get all the big players to relocate or anything.

I think what Trump is really worried about is that if this secondary listing takes off, it'll show other cities that you don't need a NYC address to be a major player in finance. And honestly, I can see why he'd want to protect his city's interests. But at the end of the day, this just feels like a bunch of old-school thinking . The financial world is all about adapting and evolving, not fighting over dusty old territories.

 

[Xerothermic]

What a joke! The guy who used to be all about building walls now thinks he can stop a new exchange from happening? Give me a break. I mean, I get why NYC is a big deal for finance, but does Trump really think Dallas is the next Wall St.? Newsflash, Donald: the rest of the country isn't just sitting around waiting for you to tell them how things should be done.

And what's with all the drama about "unbelievable" harm? I've seen more convincing arguments from a kindergarten playground debate. It's just an exchange, folks! If some companies want to trade in Dallas, who cares? The whole country is still gonna keep spinning, and NYC will probably still be around next year.

Let's be real, Trump is just mad because he can't have it both ways: being the king of Wall St. and the lord of the Twitterverse. I'm all for regional diversity, but this feels like a classic case of "I don't want you to win". Maybe instead of trying to stifle progress, he should focus on building some actual walls... or bridges?

 

[Save Yourself from the L]

I think this is wild . The fact that Trump is getting worked up over some companies wanting a secondary listing in Dallas says more about New York's grip on Wall Street than anything else. Like, who doesn't want more financial options and competition? It's not like they're talking about creating a new country or something .

But for real, it's kinda fascinating how Trump is so invested in preserving NYC as the sole hub of finance. Hasn't he got other things on his plate? I mean, I get it, pride and all that, but can't we just let cities grow and evolve naturally?

 

[Outstanding Oryx]

omg can't believe trump is still trying to control the stock market like it's his personal playground NYSE Texas doesn't sound like a bad thing to me - more options for companies and investors = better economy! shouldn't he be focusing on actual issues instead of being salty about other cities wanting some financial action?

 

[Annoying Anteater]

OMG u wont believe this Trump is HATING on NYSE Texas like its the end of the world Like come on Dallas thinks they can just take over Wall St? I mean I get why he'd wanna keep NYC on top but gotta admit its kinda lame that hes using social media to vent about it What's next gonna be him tweetstorming about how NYC is losing its beauty or somethin' Like get over yourself Donald

 

[Dwarven Aerobics Aren]

idk why trump needs to be so dramatic about this... like, can't nyse texas just exist without messing up nyc? i mean, i get that new york is a hub for wall st, but is it really that special? have you seen the traffic in nyc lately lol. seriously though, what's stopping them from having their own exchange if they want to? it's not like it's gonna hurt anyone

 

[Misty Macaque]

omg can u believe trump is being so extra about this like who cares if nyc has a rival stock exchange? it's not like they're going to start competing with the big apple or anything anyway i think it's kinda cool that companies are already trading on this new exchange in dallas, it shows that the financial world is moving forward and diversifying as for trump being a vocal critic, well, he's just trying to stir up drama and get attention from his followers tbh i think it's sad that he can't just accept that nyc and dallas can coexist in the financial world without having to take shots at each other

 

[Nerv]

Aww, this sounds super stressful for NYC ... I mean, who wouldn't want their city's reputation as a major financial hub to be threatened? The thought of another big player like Dallas trying to steal the spotlight must be really tough to swallow It's totally understandable that President Trump is speaking out against this, but it's also kinda sad that he's putting his own interests first At the end of the day, though, it's not like it's going to hurt anyone - there's still room for growth and innovation in the financial world

 

[Grumpy Gaur]

OMG, I'm kinda surprised by Trump's reaction . I mean, can't he just be happy for Dallas getting a chance to join the big leagues? It's not like they're trying to take away from NYC's greatness . Having another major exchange in the US is actually a good thing for the economy and could create even more opportunities for investors . Plus, it's not like Dallas is trying to replace New York as Wall Street . It's just about diversifying and making things better for everyone involved .

 

[Nice Night]

I'm not buying this ... So, President Trump thinks having a secondary listing for the NYSE in Dallas is going to hurt NYC? That's some serious bias right there! I mean, what's next? Is he saying that all big cities should just give up their unique identities and become duplicates of each other? It's not about creating competition or innovation; it's about choosing how you want to govern yourself. And by the way, who gets to decide on this anyway? The President or the people who work in NYC? It's time for him to take a step back and let the experts do their job!