Wall Street elite find it hard to bank on Trump's breakup talk
Source: Reuters
Tue May 2, 2017 | 2:51pm EDT
By Lawrence Delevingne, Svea Herbst-Bayliss and Olivia Oran | NEW YORK
At an annual gathering of the world's most powerful thinkers and trendsetters in Beverly Hills this week, business leaders and major investors said they have gotten used to dismissing most things that President Donald Trump says or tweets.
On panels at the Milken Institute Global Conference, CEOs and billionaires were generally enthusiastic about Trump's mission to reform healthcare, cut taxes, reduce regulations and stimulate the economy. Panelists including JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon and hedge fund billionaire Ken Griffin offered positive remarks about the president and urged attendees to give him more time to accomplish such sizeable goals. But in interviews on the sidelines, the Wall Street set was far more dubious that Trump can get anything done.
"I don't take Trump seriously," said a senior executive at one of the country's six largest banks. "I'm listening less and less."
Like most who wanted to share their more candid views privately, the executive spoke on the condition of anonymity to avoid angering the president, his employer or business associates. But his comments were echoed by at least a dozen institutional investors and bank executives who spoke to Reuters.
Read more: http://www.reuters.com/article/us-milken-conference-trump-idUSKBN17Y26U?il=0
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