- In today’s executive director per day: Diane Brady on how executive directors deal with Trump’s administration.
- Great story: Musk gathers against his critics.
- Markets: Low drama, but without growth.
- Notes of analysts from Wells Fargo At the release of the Federal Government, Apollo on consumer fragility and UBS to “Stagflation”.
- Plus: All news and chat with a water part Wealth.
Good morning. Get used to tariff chaos – and don’t expect any resolution soon. On WealthThe dinner for the CEO initiative this week, the general consensus among the leaders on stage and the room fulfillment was that this trade war could take a significantly over 2025. Here are some other tops of three speakers.
As a former secretary of trade Wilbur Ross He noted: “There is a tariff policy, a tax reform, a regulatory reform. Trump needs a whole package to work. He has a complicated mosaic that has to put together and has to do so very quickly.” Ross is personally optimistic that the administration solves questions that are important. He is also optimistic about the influence of Elon Musk, saying, “I can’t wait until the IT environment has come. We had 72 different IT systems in the store, two of which could not talk to each other, and most of them were from the 70s and 80s. This is the biggest job in the world to find archaic equipment. Thoughts.”
Elaine Chaowho served as a secretary of transport in the first Trump administration, advised business leaders to lay low and accept that any planning must be agile. “This will be an unstable period. What you all want is security and you won’t get it.” As for Doge, she said, “everyone agrees that there is a waste and inefficiency in the Government. Usually, special government employees have to submit a financial publication reports. I think a scalpel, not a machete, would create a more effective government for the American people.”
Interestingly, the Rocket Lab CEO Peter Beckto compete with UniverseHe was a Sanguine when I asked about Musk’s potential conflict of interest. “I think it would be very obvious and very harmful if he had played any funny job,” he said. “At least for now, I have no reason not to believe in the system.”
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Contact the CEO daily via Diane Brady on diane.brady@fortune.com
This story is originally shown on Fortune.com
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