BROWSE BY TOPIC
Stories of Interest
- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
- A Stockbroker, Her LLC, and Her Customers' Loans (Or Investment?) - Bill Singer
- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
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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.