Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Stock

CEOs at Trump meeting say he was ‘meandering’ and ‘doesn’t know what he’s talking about’

WASHINGTON — Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s quarterly meeting, multiple attendees told CNBC.

“Trump doesn’t know what he’s talking about,” said one CEO who was in the room, according to a person who heard the executive speaking. The CEO also said Trump did not explain how he planned to accomplish any of his policy proposals, that person said.

Several CEOs “said that [Trump] was remarkably meandering, could not keep a straight thought [and] was all over the map,” CNBC’s Andrew Ross Sorkin reported Friday on “Squawk Box.”

A spokesman for the Trump campaign did not reply to a request for comment from CNBC on the CEOs’ remarks.

Among the topics on which Trump offered scant details were how he would reduce taxes and cut back on business regulations, according to two other people in the room who spoke to CNBC.

Meeting attendees and people who spoke with them were granted anonymity in order to speak freely about the private event.

The same CEOs who were struck by Trump’s lack of focus “walked into the meeting being Trump supporter-ish or thinking that they might be leaning that direction,” Sorkin reported.

“These were people who I think might have been actually predisposed to [Trump, but] actually walked out of the room less predisposed” to him, Sorkin said.

Trump’s energy in the meeting was also noticeably subdued, according to two people who were in the room. At no time during his remarks was there any noticeable applause for Trump, two attendees told CNBC.

This was in contrast to Trump’s meeting earlier in the day with House Republicans on Capitol Hill. Attendees at that meeting told CNBC that the former president was animated and engaged and that Trump received several rounds of applause in separate meetings Thursday with both House and Senate Republicans.

Trump’s low-key energy at the Business Roundtable event could have been deliberate, one attendee told CNBC. Trump had wanted the CEO meeting to be “more like a business meeting than a speech,” the person said.

“At one point he discussed his plan to bring the corporate tax rate down from 21% to 20% … and was asked about why he had chosen 20%,” Sorkin said Friday on MSNBC’s “Morning Joe.” “And he said, ‘Well, it’s a round number.’”

“That unto itself had a number of CEOs shaking their heads,” Sorkin reported.

In 2023, corporate income taxes contributed approximately $420 billion to federal revenues, according to the Congressional Budget Office.

Wall Street has bristled over the past three years under President Joe Biden’s aggressive antitrust enforcement, pharmaceutical price caps and progressive tax policy.

This post appeared first on NBC NEWS
Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 smartsuccessstrategy.com