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Bloomberg Intelligence
Core PCE Data Cools , Trump Conviction
May 31, 2024
CEOs of Compass Diversified and RXR discuss Core PCE data and commercial real estate. Former Federal Prosecutor talks about legal implications of Trump's guilty verdict. Co-Host recaps Trump's press conference. Wall Street billionaires support Trump despite guilty verdict.
41:16
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Quick takeaways
- Wall Street billionaires are strategically backing Trump post-verdict, expecting his victory.
- CEOs' silence during Trump's guilty verdict contrasts with past vocal stances, indicating a shift in support.
Deep dives
Wall Street Billionaires Backing Trump Despite Verdict
Wall Street billionaires are rallying behind former President Trump, even after his guilty verdict. Financial elites are using the verdict as a rallying cry to garner more support for Trump. While some have reservations, including concerns about the misuse of the legal system, many see supporting Trump as a strategic move, believing he will win in the upcoming election and aiming to back him early for self-interest.
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