Trump Trade: President working on taking Fannie Mae, Freddie Mac public

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly:

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GOING PUBLIC: In a post on Truth Social, President Trump stated: “Our great Mortgage Agencies, Fannie Mae (FNMA) and Freddie Mac (FMCC), provide a vital service to our Nation by helping hardworking Americans reach the American Dream – Home Ownership. I am working on TAKING THESE AMAZING COMPANIES PUBLIC, but I want to be clear, the U.S. Government will keep its implicit GUARANTEES, and I will stay strong in my position on overseeing them as President. These Agencies are now doing very well, and will help us to, MAKE AMERICA GREAT AGAIN!”

Commenting on President Trump’s post on Truth Social saying he is working on taking Fannie Mae and Freddie Mac public and that the implicit guarantee would remain in place post privatization, Keefe Bruyette says that while “meaningful hurdles exist” to the privatization, solving for the implicit guarantee would be a meaningful step towards making the reform work. The firm expects the shares to respond positively, but continues to think that the common shares have significant dilution risk if the government sponsored entities were to be privatized. As such, Keefe sees “meaningful downside risk” in the stocks.

BITCOIN ACT: Senator Cynthia Lummis of Wyoming stated that President Trump “supports the bill,” referring to the Bitcoin Act, adding “he has a team in the White House working on digital asset issues” and the “bitcoin strategic reserve.” Lummis was speaking at the Bitcoin Conference 2025 from Las Vegas. Publicly traded companies in the crypto space include Bit Digital (BTBT), Bitfarms (BITF), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Riot Platforms (RIOT), Strategy (MSTR), Stronghold Digital Mining (SDIG) and TeraWulf (WULF). 

GOLDEN SHARE: The U.S. government will have veto power over key decisions relating to U.S. Steel (X) as part of a national security agreement deal with Nippon Steel (NPSCY) that would approve the Japanese company’s bid for the steel company, Bloomberg’s Joe Deaux and Josh Wingrove report. The deal put forward to the Committee on Foreign Investment int he U.S. and to the President includes the original $55 per share acquisition offer, plus $14B in new investments, two people familiar with the matter say. Senator Dave McCormick, a Pennsylvania Republican and Trump ally, confirmed some of the details on Tuesday, including $2.4B to be invested in the Mon Valley plant. “The control structure is going to be somewhat unique,” McCormick said. “It’ll be a U.S. CEO, a U.S. majority board, and then there’ll be a golden share, which will essentially require U.S. government approval of a number of the board members, and that’ll allow the United States to ensure production levels aren’t cut and things like that.” 

ZERO-TARIFF PLANE PACT: Aengus Kelly, the CEO of AerCap (AER), has called on U.S. President Donald Trump to renegotiate and expand a duty-free trade agreement for the aircraft industry to include newcomers, Tim Hepher and David Shepardson of Reuters report. Kelly said the current trade crisis presents a chance to expand and improve the decades-old pact to ensure a level playing field. “It would be a fantastic win for the president if he could enhance and significantly improve the 1979 aerospace treaty, which has only got 33 countries signed up to anything, while countries like India and China are not in it,” Kelly said, according to Reuters.