3 May 2017 10:41 pm
Bankers and business leaders say ignore Trump.
At an annual gathering of the world's most powerful thinkers and trendsetters in Beverly Hills this week, business leaders and major investors said they have gotten used to dismissing most things that President Donald Trump says or tweets.
On panels at the Milken Institute Global Conference, CEOs and billionaires were generally enthusiastic about Trump's mission to reform healthcare, cut taxes, reduce regulations and stimulate the economy.
Panelists including JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon and hedge fund billionaire Ken Griffin offered positive remarks about the president and urged attendees to give him more time to accomplish such sizeable goals.
But in interviews on the sidelines, the Wall Street set was far more dubious that Trump can get anything done.
"I don't take Trump seriously," said a senior executive at one of the country's six largest banks.
"I'm listening less and less."
http://www.reuters.com/article/us-milke ... SKBN17Y26U
Sad.Major averages, led by financial stocks, experienced a sudden drop on Monday after President Donald Trump said during an interview with Bloomberg News that he'd consider breaking up the nation's big banks.
In the immediate aftermath of the comments, Josh Brown pleaded with investors on CNBC's "Halftime Report" to ignore these words, despite the fact that they were coming from the president.
"Stop — please don't make changes to your portfolio based on things that get blurted out," said Brown, CEO of Ritholtz Wealth Management.
"Do not trade on this news."
http://www.cnbc.com/2017/05/01/josh-bro ... -news.html