BREAKING: This morning, Pres. Trump and VP Pence held an investor call with Wall Street heavyweights to discuss the markets, the Federal Reserve, and economic reopening.
Major investors and executives on the call included:
- Dan Loeb, Third Point
- Steve Schwarzman, Blackstone
- Robert Smith, Vista Equity
- Jeff Sprecher, ICE/NYSE
- Paul Tudor Jones, JUST Capital
- Dan Loeb, Third Point
- Steve Schwarzman, Blackstone
- Robert Smith, Vista Equity
- Jeff Sprecher, ICE/NYSE
- Paul Tudor Jones, JUST Capital
Discussed on the call, per a source close to the president: What the Fed can do to keep parts of the debt markets, in particular, from "seizing up."
They also discussed when would be appropriate to reopen the US economy. Pres. Trump acknowledged it couldn't happen right away but that he didn't want it shut for six months.
After this call, Pres. Trump suggested Easter as an appropriate date to open the economy.
On economic hit, he said: "They're saying 25 points of GDP."
This group is likely who "they" is.
On economic hit, he said: "They're saying 25 points of GDP."
This group is likely who "they" is.
