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.

Introduction

2min

Consumer Landscape and Sector Opportunities

6min

Insights on Commercial Real Estate Challenges and Redemptions in the Industry

3min

Navigating Economic Pressures in Real Estate Investment

7min

Real Estate Opportunities, Trump's Conviction, and Potential Jail Time Discussion

2min

Sentencing Considerations and Jury Factors in Former President's Trial

5min

Implications of Conviction on Release Conditions and Sentencing Timeline for Former President

2min

Former President's Response Post Conviction

6min

Exploring the Aftermath of a Landmark Court Case and Juror Dynamics

2min

10.

Billionaire Support for Trump Post-Verdict

5min

11.

Evolution of Wall Street's Perception and Support of Donald Trump

3min

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Elias Sabo, CEO of Compass Diversified, discusses Core PCE Deflator eco data. Scott Rechler, CEO and Chairman of RXR, discusses the latest in commercial real estate. Robert Mintz, Former Federal Prosecutor and Partner at McCarter & English, talks about the legal implications of former President Donald Trump's guilty verdict. Joe Mathieu, Co-Host of Bloomberg Balance of Power, recaps former President Donald Trump's press conference. Sridhar Natarajan, Bloomberg News Senior Finance Reporter, discusses his Big Take story: “Wall Street Billionaires Rush to Back Trump, Verdict Be Damned.”

Hosts: Paul Sweeney and Alix Steel

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Bloomberg Intelligence

Core PCE Data Cools , Trump Conviction

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Wall Street Billionaires Backing Trump Despite Verdict

Corporate CEOs Remain Silent on Trump Support

Jamie Dimon's Unspoken Response to Trump's Verdict

Wall Street's Response to Trump's Conviction

Remember Everything You Learn from Podcasts