Trump Taps Wall Street Pros for Economic Rescue

Trump Taps Wall Street Pros for Economic Rescue

( – High-end officials are all coming together to ensure that America gets through the COVID-19 pandemic in one piece. President Trump and Vice President Mike Pence recently reached out to some big investors to aid in that goal. They held a call with some of Wall Street’s top investors, including:

  • Dan Loeb of Third Point
  • Stephen Schwarzman of Blackstone
  • Robert Smith of Vista Equity
  • Jeffrey Sprecher of Intercontinental Exchange
  • Paul Tudor Jones of JUST Capital

Discussions in the call were focused on how the country’s big money managers perceive the US economy and some overarching goals to keep it stable. Notably, they were in agreement that the economy cannot crash as a result of the coronavirus. Ideas on how to prevent companies from “seizing up” were discussed, including what the Federal Reserve might be able to do.

They also discussed the ideal timing to open up the economy. Trump agreed that it can’t happen immediately, but he suggested Easter as an appropriate time frame. The president was adamant about not leaving the economy shut down for six months.

All in all, the call was described as “constructive,” which is excellent news!

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