President Trump participates in a bilateral meeting with India's PM Narendra Modi — 6/17/2026
Speakers
Donald Trump
— President of the United States
Summary
President Trump and Indian PM Modi hold a press conference after their G7 meeting, discussing US-India trade, defense, Middle East peace, Iran nuclear deal, oil prices, and domestic politics. Trump provides market-relevant comments on falling oil and the valuation of Fannie Mae and Freddie Mac.
- Trump says a US-India trade deal is very close, calling Modi a tough negotiator.
- Trump predicts oil prices will continue to tumble to levels seen four months ago amid the Iran deal.
- He claims Fannie Mae and Freddie Mac are worth about a trillion dollars thanks to Bill Py.
- Modi emphasizes the importance of keeping the Strait of Hormuz open for global economy.
- Trump says the US is number one in AI by a lot and is building the world's biggest AI plants.
- He states the US would defend India if attacked while Modi is leader, with no formal contract.
- Trump notes the strong US military and cites victories in Venezuela and Iran as proof.
- He reiterates that the Iran nuclear deal is nearing completion but is never certain.
Ideas
Oil falling to four-month-ago levels.
Oil prices are tumbling and will soon reach the same level as four months ago; the impending Iran nuclear deal, which would bring Iranian oil back to market, and perhaps increased Venezuelan output, are driving prices lower.
Fannie and Freddie worth a trillion dollars.
Fannie Mae and Freddie Mac are now worth approximately a trillion dollars due to the successful job done by Bill Py under the current administration, implying significant value creation and a bullish outlook for the GSEs.
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This CNBC video, published June 17, 2026, features Donald Trump discussing WTI, FNMA, FMCC. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Donald Trump · Tickers: WTI, FNMA, FMCC