Donald Trump Oval Office Mystery Speech LIVE Updates Today Sept. 28: What To Expect For Crypto?

Who Will Attend Donald Trump’s Steel Plant Announcement?

Several senior U.S. officials and Mesabi Metallics executives are expected to attend Donald Trump’s Oval Office announcement today. NewsNation White House correspondent Kellie Meyer reported that Commerce Secretary Howard Lutnick, NEDC Executive Director Jarrod Agen, Senior Director for Global Supply Chain David Copley and Export-Import Bank Chairman John Jovanovic will be present.

Set to be in attandence today:
Howard Lutnick, Secretary of Commerce
Jarrod Agen, Executive Director of the NEDC
David Copley, Senior Director for Global Supply Chain
John Jovanovic, Chairman of the Export-Import Bank
Rewant Ruia, Chairman of Mesabi Metallics
Prashant Ruia, Board…

— Kellie Meyer (@KellieMeyerNews) September 28, 2026

Mesabi Metallics will be represented by Chairman Rewant Ruia, board member Prashant Ruia, who is also Director of Essar Capital, and CEO Joe Broking. Trump is expected to announce the company’s approximately $15 billion Iowa steel plant investment.

Trump’s $15B Steel Plant To Create 2,100 New Jobs

Donald Trump’s much anticipated upcoming steel announcement is expected to highlight the employment impact of Mesabi Metallics’ planned investment in Iowa. NewsNation White House correspondent Kellie Meyer revealed that the Minnesota-based company’s mine will create 350 new jobs in Minnesota.

Mesabi Metallics is a Minnesota based company.

Per the White House:
The mine will create 350 new jobs in Minnesota.
The steel plant will create 1,750 new permanent jobs in Iowa.

Per the White House:
Mesabi has already started commissioning the mine and will be in actual…

— Kellie Meyer (@KellieMeyerNews) September 28, 2026

Meanwhile, the new Iowa steel plant is expected to create 1,750 permanent jobs. The project represents approximately $15 billion in investment and will be fully vertically integrated in the U.S., from iron mining through steel production. The plant is also expected to support high-grade steel requirements for the defense sector, with production beginning in 2030.

Trump To Announce $15B Steel Plant

NewsNation White House correspondent Kellie Meyer revealed that Donald Trump’s 2 PM ET Oval Office announcement will center on a new steel plant planned by Mesabi Metallics. According to a White House official, “Today at 2pm in the Oval Office, President Trump will announce the largest steel plant in American history to be built by Mesabi Metallics in Iowa.”

Trump’s 2pm et announcement is on a new steel plant.

Per a White House official: “Today at 2pm in the Oval Office, President Trump will announce the largest steel plant in American history to be built by Mesabi Metallics in Iowa.”

First reported in @WSJ https://t.co/3mCCSpVZJ4

— Kellie Meyer (@KellieMeyerNews) September 28, 2026

The Minnesota-based company plans to invest approximately $15 billion in the project. The facility is expected to become the largest steel plant in U.S. history, with first steel production targeted for 2030.

US Dollar Hovers Near $101 as Rate-Hike Expectations Rise

The U.S. dollar index was hovering around the $101 level Monday as expectations for a Federal Reserve rate hike added to market uncertainty. The move comes alongside a rise in the 10-year Treasury yield above 5.2% and declines in U.S. stock futures and Bitcoin.

Against this market backdrop, Trump’s upcoming Oval Office announcement is being closely monitored for any additional policy signals. The president is scheduled to speak at 2 PM ET, although the White House has not publicly revealed what he intends to announce during the appearance.

Treasury Yield Hits Highest Level Since 2007

The U.S. Treasury market is adding another layer of uncertainty as Trump prepares for his Oval Office announcement. The 10-year Treasury yield climbed above 5.2% on Monday, reaching its highest level since 2007. Higher yields can add pressure across financial markets as investors reassess borrowing costs and monetary policy expectations.

At the same time, Bitcoin and U.S. stock futures moved lower. The market moves come as traders await Trump’s scheduled 2 PM ET appearance, with the White House yet to disclose the specific subject of the president’s announcement.

U.S. Stock Futures Slide Before Mystery Reveal

U.S. stock futures moved lower Monday as investors assessed geopolitical risks and awaited Trump’s scheduled Oval Office announcement. The decline comes alongside weakness in Bitcoin and renewed pressure from rising Treasury yields. The 10-year U.S. Treasury yield climbed above 5.2%, reaching its highest level since 2007, according to the information provided.

Markets are also eyeing developments involving Iran, China and the administration’s technology agenda. With the subject of Trump’s announcement still undisclosed, investors are positioning for potentially market-moving comments when the president addresses the White House press pool.

Bitcoin Drops Below $83,000 Ahead of Trump Address

Bitcoin is suffering from modest selling pressure on Monday, falling sharply below the $83,000 level as markets reacted to geopolitical developments and uncertainty surrounding Trump’s upcoming announcement.

The decline followed Trump’s rejection of Iran’s proposal concerning the Strait of Hormuz, while investors also remained cautious ahead of the president’s Oval Office appearance. The broader cryptocurrency market moved lower alongside Bitcoin, erasing some of its recent gains. Traders are now watching the White House event for any comments that could affect sentiment across risk assets, including cryptocurrencies.

Trump's Iran Proposal Rejection Adds Market Uncertainty

Trump’s decision to reject Iran’s seven-day proposal to reopen the Strait of Hormuz has added another geopolitical factor to markets ahead of his Oval Office announcement. Trump has nevertheless indicated that talks with Iran could resume this week.

The developments have produced mixed reactions across markets, with oil prices climbing back toward $96 per barrel on Monday. Investors are now looking out for whether Trump will provide additional details about the administration’s position on Iran or the Strait of Hormuz during his scheduled appearance from the Oval Office later today.

Tuesday’s ‘Golden Age’ Event Adds AI Intrigue

The timing of Trump’s Oval Office announcement has added interest ahead of Tuesday’s “Golden Age” event in Washington, D.C. The gathering is expected to bring together several major figures from the technology sector.

Guests are set to include SpaceX’s Elon Musk, Nvidia’s Jensen Huang, Anthropic co-founder Tom Brown and Palantir’s Shyam Sankar. Trump’s Sunday dinner with Anthropic CEO Dario Amodei has further connected the White House’s latest activity with the AI sector. Markets and technology investors are watching for any indication of new policies or initiatives surrounding America’s artificial intelligence ambitions.

Trump's Dinner With Anthropic CEO Fuels Announcement Speculation

Trump’s Sunday dinner with Anthropic CEO Dario Amodei has become as another possible clue surrounding today’s Oval Office announcement. Independent journalist Nick Sortor claimed Trump indicated that Monday’s major announcement could be connected to his meeting with Amodei. The dinner comes as Washington prepares for Tuesday’s “Golden Age” event focused on artificial intelligence.

Anthropic’s relationship with the administration has drawn massive attention because of disagreements over AI safety and military uses. Trump’s announcement could therefore provide additional details on the administration’s approach to artificial intelligence and its broader technology agenda.

Anthropic In Focus As AI Could Feature in Trump’s Mystery Announcement

Artificial intelligence is another potential area of focus ahead of Trump’s Oval Office appearance. The U.S. President had dinner Sunday with Anthropic CEO Dario Amodei, shortly before a major “Golden Age” AI event scheduled for Tuesday in Washington, D.C.

The meeting has attracted attention because Anthropic has previously clashed with the administration over issues involving AI safety and military applications. Tuesday’s event is expected to include prominent technology figures, including Elon Musk, Nvidia CEO Jensen Huang, Anthropic co-founder Tom Brown and Palantir’s Shyam Sankar.

U.S.-China ‘30-for-30’ Lists Add Trade Focus

The recently released U.S.-China Board of Trade “30-for-30” lists could become relevant to Trump’s Oval Office announcement today. The lists recommend nearly $30 billion in goods from each country for consideration for reduced tariff treatment. China’s list of U.S. products includes agricultural goods, coal, timber and medical equipment.

Meanwhile, the U.S. list includes Chinese household products, textiles, fishing products and artificial flowers. The development follows the recent extension of the U.S.-China trade truce, with officials describing the framework as a step toward more stable and balanced trade relations.

China Talks Among Key Areas Under Watch

Trump’s recent meeting with Chinese President Xi Jinping is among the developments drawing attention ahead of today’s Oval Office announcement. The White House has described the recent U.S.-China discussions as progress toward more stable and balanced trade.

Trump also described his meeting with Xi as “tremendous progress” and “incredible.” The two sides have since released the U.S.-China Board of Trade “30-for-30” lists, identifying nearly $30 billion in goods from each country for potential reduced tariff treatment. Investors are watching for any additional details Trump could provide during his announcement.

Trump’s Oval Office Announcement Set for 2 PM ET

US President Donald Trump is scheduled to make an announcement from the Oval Office at 2 PM ET today, September 28, according to the White House. The event will be open only to the White House press pool, leaving markets and the public with limited information about what Trump plans to reveal.

The administration has not publicly disclosed the subject of the announcement. However, recent developments involving China, artificial intelligence, Iran and other policy priorities have fueled speculation ahead of Trump’s appearance. Read More.