President Donald Trump on Wednesday promoted the upcoming launch of “Trump Accounts,” a program the White House calls a major milestone. Speaking at the start of a daylong summit, Trump said the initiative would provide $1,000 for every newborn whose parents open an account, with the funds invested in the stock market by private firms. “All Americans will begin their lives with a beautiful nest egg,” Trump said. The money would be accessible when the child turns 18. The U.S. Treasury-hosted event brought together politicians and celebrities, including Texas Sen. Ted Cruz and rapper Nicki Minaj, to discuss the program’s potential economic impact.