According to Kevin O'Leary, the leaders of America's most famous companies, from Amazon and Apple to Google and Netflix, are flocking to Mar-a-Lago to meet with President-elect Trump mainly because There are two reasons for this.
“This is an incredible platform for Mr. Trump. We all know he's pro-business, but when it comes to these CEOs, there are two things they care about,” O'Leary said.・Ventures CEO and Chairman spoke on “Evening Edit'' on Tuesday.
“They know for sure that the tax rate will probably remain at 21%,” he elaborated. “But the other thing is deregulation and free speech on social media… So all of a sudden you want to flatter Trump in a very public way for two reasons: He has the power. He has the authority. He has influence, and no one will touch him for two years.”
President-elect Trump's election victory has increased confidence in the state of the global economy, according to a new survey measuring CEO sentiment after the election.
That sentiment has been reinforced in recent weeks by President Trump, who attended his Palm Beach, Fla., mansion to talk to Netflix's Ted Sarandos, Meta's Mark Zuckerberg, Apple's Tim Cook, Amazon's Jeff Bezos, and others. This is backed up by the fact that he is said to have met personally with Google's Sundar Pichai and others.
“It doesn’t matter if you’re running a country or the CEO of an S&P 500 company, you’re being sucked in for a very important reason: power. [Political] A majority mandate, nothing beats that,” O'Leary said, noting that Republicans control the House, Senate, and soon the White House.
“I need to talk to the chief and find out what he's thinking, because this is a guy who's relevant. We all know that,” he continued. “And I think this mission is going to be much better and more stable and very good for business than the last one. I'm licking my chops right now. These are good times. That’s it.”
O'Leary believes executives are most excited about Trump's potential tax plan.
“They're pretty sure the existing 21% are.” [corporate tax] The platform will stick. That's all they needed to hear. However, deregulation is causing even more damage. That is federal deregulation, especially regarding energy independence. I mean, that’s great,” he said.
Mr. O'Leary detailed how President Biden is “damaging” the economy, saying green energy policies will indirectly impact the U.S. economy by “suddenly making everything more expensive and unsustainable.” He pointed out that this would affect individual citizens.
“America corrected itself very quickly,” Wonderful said. “The amazing thing about Trump 2.0 is that it doesn’t care what soundbite you get. [it] Sounds good…he sounds pretty reasonable. He really took it to a new place. My point is, if you think about it, this is what people wanted to hear. They gave him a mission. He is on a mission and he does it very quickly. ”
FOX Business' Eric Revell contributed to this report.
