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‘Shark Tank’ investor Kevin O’Leary discusses how CEOs are increasing their investments in the United States before President-elect Donald Trump takes office on ‘The Evening Edit.’
From Amazon and Apple to Google and Netflix, leaders of America’s best-known companies have flocked to Mar-a-Lago to meet with President-elect Donald Trump for two main reasons, according to Kevin O’Leary.
“This is a phenomenal platform for Trump. Everyone knows he’s pro-business. But when it comes to those CEOs, there are two things they care about,” the CEO and president of O’ Leary Ventures in “The Evening Edit.”
“They know for sure that tax rates will probably remain at 21%,” he added. “But the other thing is deregulation and free speech on social media… So all of a sudden you want to suck up to Trump in a big way for two reasons. He has the power. He has the mandate, he has the reach. And no one is going to touch it for two years.”
President-elect Trump’s election victory has led to a surge in confidence about the state of the global economy, according to a new survey that gauged CEO sentiment following the election.
NETFLIX CO-CEO TED SARANDOS TO MEET TRUMP
That sentiment has been backed up by the fact that, in recent weeks, Trump reportedly 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 property. of Palm Beach.
Kevin O’Leary said he’s “licking his own chops” about 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 are the CEO of an S&P 500 company, you are making water and there is a very important reason for that: power. Majority rule (political), there is nothing like it,” said O ‘Leary, referring to the GOP’s control of the House of Representatives, the Senate and soon the White House.
“You have to talk to the boss and find out what he’s thinking. Because this is a relationship guy. Everyone knows that,” he continued. “And I think this term is going to be much better than the last one, much more stable and very good for business. I’m licking my lips right now. These are good times.”
O’Leary Ventures President Kevin O’Leary discusses expectations for President-elect Trump’s second term in the White House in ‘Cavuto: Coast to Coast.’
O’Leary believes executives are more enthusiastic about Trump’s potential tax plans.
“They are confident that the existing platform of 21% (corporate tax) will remain. That’s all they needed to hear. But the added bonus, the extra juice, is deregulation. That’s federal deregulation, particularly on independence energy. I mean, that’s fantastic.”
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Expanding on how President Joe Biden was “hurting” the economy, O’Leary pointed to green energy policies that indirectly fell on individual Americans, “when suddenly everything they do costs more and they can’t make ends meet.” . “
“The United States corrected itself very quickly,” Wonderful said. “The amazing thing about Trump 2.0 is that I don’t care what sound you hear, it sounds good to me… It sounds pretty rational. He’s really taken it to a new place. And I’m just saying, if you think about it, this is what people wanted to hear “They gave him the mandate. He is fulfilling the mandate and he is doing it very quickly.”
FOX Business’ Eric Revell contributed to this report.
