Kayla Tausche Profile picture
Feb 15, 2022 2 tweets 2 min read Read on X
In the middle of @POTUS remarks on Ukraine, all of Pebble Beach - the row of tents in the White House driveway from which news organizations go live - suffered a massive power outage.
No correspondents could cover @POTUS remarks from their original places. Crews rushed to set up alternate standup locations - reporting from outside the West Wing, the lawn, and the briefing room. ImageImageImageImage

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More from @kaylatausche

Mar 11, 2021
THREAD:

1/ On this day in 2020, banking CEOs shepherding a collective $10 trillion gathered at the White House to share their views with Pres. Trump and staff.

Here's some new reporting on the meeting that became an economic fulcrum for the months that followed.
2/ The night before, $BAC CEO Brian Moynihan convened a conference call to build support around a singular message from Wall Street:

We can be the lifeguards this time around. We can help other industries get out of this mess. We’re not the ones that need saving.
3/ Earlier in the day, top WH + Cabinet officials met to discuss an incredibly grim set of COVID data, provided to @realDrBirx by public health sources in Italy. They discussed shutting down European travel, and whether POTUS should address the nation.
Read 14 tweets
Jan 8, 2021
BREAKING from our report on @thenewsoncnbc:

Sec. Pompeo and Sec. Mnuchin were two of the Cabinet secretaries who held exploratory discussions with staff about the 25th amendment last night, per three sources familiar with the matter (1/)

cnbc.com/2021/01/07/mnu…
There were several roadblocks raised:
- the legal process would take more than a week
- there's not clarity on which officials could vote
- there was a worry it would incite more violence on the far right, creating greater risk in the long-term (2/)
"The general plan now is to let the clock run out,” said one former senior administration official aware of the discussions. “There will be a reckoning for this president, but it doesn’t need to happen in the next 13 days.” (3/)
Read 7 tweets
Mar 24, 2020
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
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."
Read 5 tweets
Mar 12, 2020
NEW: Just spoke to two investment bank executives about the health of corporate balance sheets and whether clients are rushing to get capital. Thread below.
Energy, travel, airline suppliers and industrial clients are reaching out to see where they can get additional money -- this means tapping existing credit facilities, increasing them, and taking out new bridge loans (1-3yr terms).
For companies, like Boeing, wanting to access existing revolving loans, there is ample room.

One exec said at his bank, only 3-4% of committed loans have been drawn down.

At another bank, an executive estimated about 10%.
Read 8 tweets
Dec 4, 2019
THREAD: Spoke to USDA Sec. Sonny Perdue on his way out of the @CNBC studio. Below are some highlights from our (brief) conversation /1
@CNBC Perdue says he was surprised by how weak US soybean exports have been after harvest this year, citing China not living up to its purchase commitments and Brazil and Argentina "trying to infringe on our market time here."
@CNBC Perdue says the restored tariffs on US imports of steel and aluminum from Brazil and Argentina are "to some degree" tied to that dynamic.
Read 9 tweets

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