Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Trump seeks out business leaders as midterm election looms

Published 08/07/2018, 10:39 AM
Updated 08/07/2018, 10:40 AM
© Reuters. U.S. President Donald Trump makes a comment about how hot the room is during his Make America Great Again rally in Olentangy Orange High School in Lewis Center

© Reuters. U.S. President Donald Trump makes a comment about how hot the room is during his Make America Great Again rally in Olentangy Orange High School in Lewis Center

BEDMINSTER (Reuters) - U.S. President Donald Trump will dine with some of corporate America's top business leaders at his private club on Tuesday, seeking their thoughts on the nation's economy as voters begin heading to the polls ahead of November's midterm election.

Trump is hosting the chief executives for dinner at his golf resort in Bedminster, New Jersey. Expected attendees include the heads of Fiat Chrysler Automobiles NV (MI:FCHA), Boeing Co (N:BA), FedEx Corp (N:FDX), and Honeywell International Inc (N:HON), White House Deputy Press Secretary Lindsay Walters said.

"This is an opportunity for the president to hear how the economy is doing from their perspective and what their priorities and thoughts are for the year ahead," Walters said in a statement.

Chief executives of Boston Beer Company Inc (N:SAM), PepsiCo Inc (O:PEP), Continental Resources Inc (N:CLR), International Paper Co (N:IP), and Mastercard Inc (N:MA) were also invited, along with the top executives of privately-held EY and Red Apple (NASDAQ:AAPL) Group, and New York-based Trump advisor Richard LeFrak.

On Tuesday, Trump will face a test of his political influence in a special congressional election in Ohio that has become a referendum on his leadership and a last chance to gauge Democratic strength ahead of the Nov. 6 election.

Voters will also cast ballots in primary contests in Michigan, Missouri, Kansas and Washington.

Reuters/Ipsos opinion polling has shown that the economy is a top issue for Americans.

U.S. job growth has been strong with low unemployment even as trade tensions loom large over the economy and American workers' wage growth remained moderate.

Trump has sparred with a number of companies, particularly on Twitter, but his agenda has included a number of business-friendly items that have also appeased Republicans in the U.S. Congress, who are seeking to maintain their control of the House of Representatives and the Senate.

Under Trump, a real estate developer and former reality television star, Republicans last year passed a massive $1.5 trillion tax law that included a permanent cut for corporations and a temporary one for individuals that the White House wants to now make permanent.

The White House has also floated the idea of sidestepping lawmakers to pursue another tax cut for investors.

Trump's administration has moved to eliminate a number of regulations that it has argued were burdensome to companies, even as Democrats and other critics argue that lifting environmental and other restrictions threaten the public.

© Reuters. U.S. President Donald Trump makes a comment about how hot the room is during his Make America Great Again rally in Olentangy Orange High School in Lewis Center

Trump has threatened to shut down the government ahead of the Nov. 6 election if Democrats do not fund his border wall and support changes to immigration law, betting that maintaining a hard line will work in Republicans' favor in the vote, even as some conservatives and others have warned against such a disruption.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.