Donald J. Trump’s returning offers plenty of opportunities for the financial industry. For today, Wall Streeters are looking past the hazards. The day after the national election, JPMorgan Chase’s chief executive, Jamie Dimon, picked up his phone for a visit he had hoped never to make. Mr. Dimon was now in the position of congratulating the president-elect and offering to assist in any way after discreetly supporting Vice President Kamala Harris and boasting to close friends that he hadn’t spoken to him in a while. Mr. Trump didn’t pick up, forcing Mr. Dimon to leave a message on his voice mail, according to two people with expertise of the phone. The snub — and a subsequent letter from Mr. Trump on social media that Mr. Dimon do” never be invited” to be a part of his presidency — did not dampen the banker’s joy. Mr. Dimon claimed a few days after that his business was “dancing in the street” due to the coming Republican majority in the House of Representatives and Senate. It seems that everyone on Wall Street, to be honest, is ready for Mr. Trump’s resumption, to say nothing of a lot of lowlifes in these days. Bank, professionals, investors, and corporate professionals with a range of political viewpoints said in interviews that they believe that despite having opposing viewpoints on Mr. Trump’s proposed policies in general, his administration has the greatest chance of boosting the business sector in a generation or more. In component, they’ve been won over by the president-elect’s takes of a very run-of-the-mill series of Republican greats for economic and financial regulation jobs. They anticipate that this Wall Street-heavy crowd, including Howard Lutnick, a tycoon investment banker, and Paul Atkins, a long-time partner of investment firms, to concentrate on monotonous conservative issues like lessening financial regulation and extending the tax cuts that are scheduled to disappear. Importantly, the optimistic view ignores some of Mr. Trump’s pro-conformist financial ideas, such as tariffs on all exports to the United States. Additionally, it is clear that the president-elect will continue to fund agencies like the F. B. I. because they believe they are unconnected to their own world. The post content is retrievable with difficulty. Please make Browser available in your browser’s settings. Thank you for your patience while exposure is verified. If you are in Audience mode please leave and log into your Times accounts, or listen for all of The Times. Thank you for your patience while exposure is verified. Now a subscription? Register in. Want all of The Times? Subscribe.
Wall Street’s TitansCan’t Waited for Trump 2.0
