Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Business

CEOs at Trump meeting say he was ‘meandering’ and ‘doesn’t know what he’s talking about’

by June 17, 2024
June 17, 2024
CEOs at Trump meeting say he was ‘meandering’ and ‘doesn’t know what he’s talking about’

WASHINGTON — Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s quarterly meeting, multiple attendees told CNBC.

“Trump doesn’t know what he’s talking about,” said one CEO who was in the room, according to a person who heard the executive speaking. The CEO also said Trump did not explain how he planned to accomplish any of his policy proposals, that person said.

Several CEOs “said that [Trump] was remarkably meandering, could not keep a straight thought [and] was all over the map,” CNBC’s Andrew Ross Sorkin reported Friday on “Squawk Box.”

A spokesman for the Trump campaign did not reply to a request for comment from CNBC on the CEOs’ remarks.

Among the topics on which Trump offered scant details were how he would reduce taxes and cut back on business regulations, according to two other people in the room who spoke to CNBC.

Meeting attendees and people who spoke with them were granted anonymity in order to speak freely about the private event.

The same CEOs who were struck by Trump’s lack of focus “walked into the meeting being Trump supporter-ish or thinking that they might be leaning that direction,” Sorkin reported.

“These were people who I think might have been actually predisposed to [Trump, but] actually walked out of the room less predisposed” to him, Sorkin said.

Trump’s energy in the meeting was also noticeably subdued, according to two people who were in the room. At no time during his remarks was there any noticeable applause for Trump, two attendees told CNBC.

This was in contrast to Trump’s meeting earlier in the day with House Republicans on Capitol Hill. Attendees at that meeting told CNBC that the former president was animated and engaged and that Trump received several rounds of applause in separate meetings Thursday with both House and Senate Republicans.

Trump’s low-key energy at the Business Roundtable event could have been deliberate, one attendee told CNBC. Trump had wanted the CEO meeting to be “more like a business meeting than a speech,” the person said.

“At one point he discussed his plan to bring the corporate tax rate down from 21% to 20% … and was asked about why he had chosen 20%,” Sorkin said Friday on MSNBC’s “Morning Joe.” “And he said, ‘Well, it’s a round number.’”

“That unto itself had a number of CEOs shaking their heads,” Sorkin reported.

In 2023, corporate income taxes contributed approximately $420 billion to federal revenues, according to the Congressional Budget Office.

Wall Street has bristled over the past three years under President Joe Biden’s aggressive antitrust enforcement, pharmaceutical price caps and progressive tax policy.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
GTI Energy Ltd (ASX: GTR) – Trading Halt
next post
Boeing investigates quality problem on undelivered 787s, sources say

Related Posts

Southwest Airlines appeals order requiring its lawyers to...

August 10, 2023

With Trump all-in on crypto, bitcoin bulls bet...

February 14, 2025

U.S. foreign tax bill sends jitters across Wall...

May 31, 2025

Mattel says Barbies and Hot Wheels could soon...

February 6, 2025

ESPN, Fox and Warner Bros. Discovery to launch...

February 7, 2024

Walmart-backed fintech One introduces buy now, pay later...

April 25, 2024

Latest jobs report signals that interest rates are...

February 3, 2024

How Volvo landed a cheap Chinese EV on...

April 26, 2024

Want to bet against Trump Media stock? It’ll...

April 6, 2024

Thousands of schools are turning to apps to...

November 8, 2023

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Understanding Lithium Mineralogy from an Investment Perspective

      September 12, 2023
    • 3

      US Capital Global Facilitates $50MM Financing to Accelerate Charbone Hydrogen’s North American Expansion

      June 6, 2025
    • 4

      Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 6, 2025
    • 5

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 6

      Crypto Market Recap: Strategy Eyes US$1B Raise for Bitcoin Push, UK Regulator Reverses ETN Ban

      June 6, 2025
    • 7

      China’s aircraft carriers send message in the open Pacific for the first time – and bigger and more powerful ships are coming

      June 16, 2025

    Categories

    • Business (1,053)
    • Investing (2,079)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,387)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved