“Shark Tank” investor Kevin O’Leary discusses how CEOs are ramping up their investments in America before President-elect Donald Trump takes office on “The Evening Edit.”
From Amazon and Apple to Google and Netflix, leaders of America’s most famous companies are flocking to Mar-a-Lago to meet with President-elect Donald Trump for two main reasons, according to Kevin O’Leary.
“This is a great platform for Trump,” said the CEO and chairman of O’Leary Ventures. “Everyone knows he’s pro-business. But as far as these CEOs are concerned, there are two things they care about.”Evening editing“, on Tuesday.
“They know for sure that tax rates will probably remain at 21%,” he added. “But the other thing is deregulation and freedom of expression on social media…so all of a sudden you want to curry favor with Trump in a very big way for two reasons. He has the power. He has the mandate, he has the authority.” “Get to it and no one will touch it for two years.”
The electoral victory of President-elect Trump led to Increase in confidence About the state of the global economy, according to a new study measuring CEO sentiment in the wake of the election.
NETFLIX co-CEO Ted Sarandos meets with Trump
This feeling has been supported by the fact that in recent weeks, Trump allegedly met privately With Netflix’s Ted Sarandos, Meta’s Mark Zuckerberg, Apple’s Tim Cook, Amazon’s Jeff Bezos, and Google’s Sundar Pichai at his home in Palm Beach.
Kevin O’Leary said he’s “licking his own chops” at the “good times” ahead for business leaders under “Trump 2.0,” on FOX Business Tuesday. (Getty Images)
“I don’t care if you run a country or you’re the CEO of an S&P 500 company, you’re a failure and there’s a very important reason for that: power. Delegation of the (political) majority, there’s nothing like it,” O’Leary said, referring to party control. Republican in the House of Representatives, the Senate, and soon the White House.
He continued: “You have to talk to the president and find out what he thinks. Because this is a man of relationships. And everyone knows that.” “I believe this mandate will be much better than the last one, much more stable and very good for business. I am making the most of my abilities now. These are good times.”
O’Leary Ventures President Kevin O’Leary discusses the outlook for President-elect Trump’s second term in the White House on “Cavuto: Coast to Coast.”
O’Leary believes executives are the most excited about Trump’s potential tax plans.
“They’re sure it’s there 21% platform (corporate tax). It will stick. That’s all they need to hear. But the added bonus, the extra juice, is deregulation. This is federal deregulation, especially regarding energy independence. I mean, that’s great.”
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Explaining how President Joe Biden has “hurt” the economy, O’Leary pointed to green energy policies that have indirectly fallen on individual Americans, “when suddenly everything they’re doing costs more, and they can’t make ends meet.”
“America corrected itself very quickly,” Mr. Wonderful said. “The amazing thing about Trump 2.0, I don’t care what sound you get, (it sounds) good to me… He seems very rational. He’s really taken it to a new place. And I’m just saying, if you think about it, that’s what “People wanted to hear him, they gave him a mandate, and he does it very quickly.”
FOX Business’ Eric Revell contributed to this report.
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