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- Address at ICI's 2017 Securities Law Developments Conference - SEC Commissioner Stein
- New York Pension Fund Seeks More Pay Disclosure from Wells Fargo
- Wells Fargo Sanctions Are on Ice Under Trump Official
- Josh Brown: Here's How to Buy Bitcoin, But Realize It Could Be One Giant Bubble
- Trump's New Tax Plan Could Cost Citigroup $20 Billion
- Morgan Stanley Fires Former Congressman Harold Ford Jr.
- Al Franken Will Resign Over Sexual Misconduct Allegations - His Full Resignation Speech
- Ex-NFL Player Gets 40 Years for Running $10Mn Fraud
- Bitcoin Blows Past $15K, Adding $2K in Under 12 Hours
- Financial Adviser Settles Charges for Defrauding Private Equity Fund Investors
- New Cross Market Equity Supervision Report Cards - FINRA Phone-In Workshop, WebEx Presentation
- Mueller Just Crossed Trump's Red Line, With Deutsche Bank Subpoena
- Wildfire Rages Near Los Angeles
- Former Company Insider Has $4.1Mn Payday as a Whistleblower
- Audit Firm, Anton & Chia, Conducted Fraudulent Audits of Penny Stock Companies - SEC
- Mueller Subpoenas Deutsche Bank Records on Trump and Family
- Bitcoin Nearly Halfway to $400Bn Value Predicted by Winklevoss Twins 4 Years Ago
- Fidelity Clients Suffer Second Website Glitch in Week
- CBOE Beats CME to Bitcoin Futures Launch with December 10 Start
- McKinsey Senior Exec Thomas Barkin Named New Head of Federal Reserve Bank of Richmond
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NEWSLETTERS & ALERTS
Donald Trump & Co.
An 'OOPS' Moment for Cohn, Trump's Director of Nat'l Economic Council
[Photo: by Bloomberg News, appearing in businesstimes.com]
As 2nd in command at Goldman Sachs, Gary Cohn rarely spoke out of turn and rarely was second-guessed for something he said.
But on Friday, after the Bureau of Labor Statistics announced that the U.S. had added 235,000 jobs in February, Cohn told CNBC interviewers that the Trump administration was not the reason for the better-than-expected numbers. After all, none of the jobs promised by CEO’s in their meetings with Trump had been created.
“Those hirings have not been done yet. Those are future hirings.”
Problem for Mr. Cohn was that his comments did not conform to the “Company Line,” which can be illustrated in tweets by President Trump and Chief of Staff Reince Priebus :
“GREAT AGAIN: +235,000.” - - Trump Tweet.
.@POTUS Trump delivers in first #JobsReport. 235,000 new jobs and unemployment rate down to 4.7%. Great news for American workers! - - Priebus Tweet.
Gary Cohn apparently needs to escalate his learning curve. Then again, it can be difficult to teach an old dog new tricks.