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Stories of Interest
- Canada's CIBC Completes $5Bn PrivateBancorp Buy
- Word ‘Women’ Literally Never Appears in U.S. Senate’s 142-Page Health-Care Bill
- Stephen Pierce, Goldman Sachs Global Head of Equity Markets, To Retire
- Al Gore 'Not Very Smart,’ But Became Filthy Rich Using Simple Investing Formula - Charlie Munger
- U.S. Regulators, Lawmakers Support Volcker Rule Revamp at Hearing
- Morgan Stanley Opts for Frankfurt as New EU Hub
- A New Risk for Goldman, Morgan Stanley in Stress Tests (subsc reqd)
- A Trump Bump for Law Firm of President’s Lawyer - Kasowitz Benson Torres
- JPMorgan, BofA, Goldman, Citi, Wells Fargo Pass Fed's Stress Test
- Blackstone Stock Still Trading at $31 - Its IPO Price From 10 Years Ago
- NJ Resident and NY-Based Global FX Club Charged with Solicitation Fraud, Misappropriation - CFTC
- Senate Republicans Release Plan to Replace Obamacare - The Details
- Berkshire Hathaway Throws $1.5Bn Lifeline to Canada's Home Capital
- Inside Nomura: Day in the Life of a Junior Banker
- Inside Travis Kalanick’s Resignation as Uber’s C.E.O.
- Creative Planning, KS Investment Firm, Spurring Change on Wall Street
- SEC Obtains Judgment Against Attorney Who Defrauded Escrow Clients
- SEC Files Fraud Charges Against Stock Promoters in Market Manipulation Scheme
- Power Lunches and Dinners in New York, London, Washington
- Banks to Cut $1.2Bn in Research Spending, Analyst Jobs - McKinsey
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NEWSLETTERS & ALERTS
Donald Trump & Co.
Trump: Buddy-Buddy One Moment, Vindictive The Next
There has been a steady stream of business executives into the White House for meetings with President Trump - at least 9 such meetings since January. Attendees consistently report that the 'private' Trump can be charming and cajoling, flexible and inquisitive, and ready to express admiration for his guests and their companies. As we've heard in news interviews, business executives leave these meetings gushing with hope, if not confidence, that the President's agenda will essentially be pro-business.
Trump's approach to these meetings is "one of listening and not lecturing," said a senior White House official who has participated in industry meetings. "I've seen a president who is listening and asking questions to get to how he can create a thriving economy," the official said.
The public Donald Trump, @realDonaldTrump, that emerges through his early morning tweets takes on a different tone - one that is uncompromising and demanding. LIke Tuesday, when he tweeted: I am working on a new system where there will be competition in the Drug Industry. Pricing for the American people will come way down! That pre-market tweet was enough to prompt a sell-off of drug companies.
Which leads us to Trump's agenda for today, Wednesday, March 8th, when the President is scheduled to meet with a group of infrastructure business leaders. The lunch meeting will include business leaders from real estate, management consulting, private equity, and at least one environmental group.
Two-Headed Strategy. This is a Trumpian pattern that we've seen the past 2 years - tell the people what they want to hear, then proceed with the administration's agenda, which may or may not comport with prior stated positions. It's one way that Trump seems to maintain the upper hand - by keeping everyone guessing as to his next move.