Goldman Sachs CEO Lloyd Blankfein: Trump Is "Very Good" for Business
Lloyd Blankfein is warming up to the administration.
President Donald Trump has been "very good" for the economy, Blankfein, CEO of Goldman Sachs, told Cheddar's senior anchor Kristen Scholer in a wide-ranging interview covering politics, the economy and business late Tuesday.
Blankfein publicly supported Hillary Clinton during the 2016 presidential race. However, he's applauded Trump several times recently, pointing to an improving economy under the President and recently tweeting approvingly about Trump's speech at Davos.
"From a business point of view, which I think is very important, because I think the key to success of America has to be the strength of the economy, I think he's been very good," Blankfein said of the president.
"He certainly has conditioned us to expect some relief from redundant and cumulative regulation; he cut back taxes, which frees some money to be done, and I think he's generally positive for business."
While Blankfein said he and Trump have engaged several times since the inauguration, Blankfein has a longer history with another member of the Trump administration: Gary Cohn.
"From where I'm sitting it looks like [Cohn] is doing a good job," Blankfein said of his former colleague, who was chief operating officer at the bank.
Blankfein also said that market volatility hasn't vanished, and the bank is being "flexible" when it comes to adjusting its trading strategy in the current environment.
One asset Blankfein isn't sure about: Bitcoin.
"A lot of it is hype," he said.
For the Full interview [click here](https://cheddar.com/videos/goldman-sachs-ceo-lloyd-blankfein-weighs-in-on-market-volatility-crypto-and-trump)!
The Tony Awards on Sunday lured 4.85 million viewers to CBS, its largest broadcast audience in six years. CBS says Monday that Nielsen data shows the telecast — hosted by “Wicked” star Cynthia Erivo — scored a 38% increase over last year’s 3.53 million viewers. That’s the largest audience for the Tonys since 2019, when the telecast that year nabbed 5.4 million viewers and “Hadestown” was crowned best new musical. The latest version also had to compete with the second game of the NBA Finals, between the Thunder and Pacers,
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology.
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conveys a greedy bastard that had it coming."
Shaquille O’Neal and Allen Iverson once clashed on the court in the 2001 NBA Finals, but now the basketball legends are joining forces to revive the Reebok brand they helped make iconic.
Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth.
