Trump reportedly held a call with major bank CEOs on Wednesday as the stock market plunged.
's Michael Corbat, according to people with knowledge of the situation. The Dow plunged 800 points, or 3%, in its worst day of the year on Wednesday amid a recession warning from the bond market.
The CEOs also told Trump that the trade dispute is damaging the outlook for capital spending by corporations, according to another person with knowledge of the discussions. The president was receptive to the notion that uncertainty over trade is hurting corporate confidence, this person said. The call, which lasted about 20 minutes, happened after the CEOs concluded a previously scheduled meeting with Treasury Secretary Steven Mnuchin in Washington. Trump wanted to speak to the three executives, the men were informed, and he called in from his property in New Jersey. Bloomberg first reported on the conference call.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump reportedly held call with major bank CEOs on Wednesday as the stock market plungedPresident Donald Trump reportedly held a call on Wednesday with the CEOs of three major U.S. banks, according to Bloomberg News.
Read more »
Trump held conference call with big bank CEOs amid market turmoil: sourceTrump held a conference call with the CEOs of the three largest Wall Street banks as financial markets were in turmoil - source
Read more »
Trump Spoke With Banking Chiefs Wednesday as Market FellPresident Trump held a conference call with the chief executives of three major U.S. banks on Wednesday, the day the stock market saw a precipitous drop and the configuration of interest rates prompted fears of a potential coming recession, according to people familiar with the matter.
Read more »
Trump held a call with top Wall Street execs as markets tumbled WednesdayTrump has publicly maintained a rosy view of the economy despite ongoing trade tensions, which contributed to stock-market turbulence this week.
Read more »
Teen CEOs and 'baking geniuses' hope to inspire other young entrepreneursPre-teen Texas brothers, Nigel and Shane, started their own baking business while juggling college courses and summer camp. How 2 Bros in the Kitchen is taking Houston by storm.
Read more »
Trump Administration Plans to Give Huawei More Time to Work with U.S. CustomersCommerce Department officials plan to announce Monday that they will grant a 90-day extension to the license that has allowed Huawei to continue doing some business within the U.S., according to an administration official
Read more »