From Amazon to Netflix, top CEOs are heading to Mar-a-Lago. President-elect Trump is the draw, and Kevin O’Leary says there are two reasons why.
“This is a phenomenal platform for Trump. Everybody knows he’s pro-business,” O’Leary shared on “The Evening Edit.” He added, “But as far as those CEOs, there’s two things they care about.”
O’Leary explained further. “They know with certainty tax rates probably stay at 21%. But the other thing is deregulation and freedom of speech on social media.” CEOs see Trump’s power and mandate. “So all of a sudden you want to suck up to Trump in a very big way,” he said. “He’s got the power. He’s got the reach.”
Trump’s election win has boosted global economic confidence. A recent survey shows CEOs feel optimistic about the future.
This confidence aligns with Trump’s private meetings. Ted Sarandos, Mark Zuckerberg, Tim Cook, Jeff Bezos, and Sundar Pichai have reportedly visited his Palm Beach estate.
“I don’t care if you’re running a country or an S&P 500 company, you’re sucking up for a reason: power,” O’Leary explained. He highlighted the Republican Party’s control. “There’s nothing like it,” he added.
“You got to talk to the chief and find out what he’s thinking,” O’Leary said. “This is a relationship guy. Everybody knows that.” He believes this mandate will be stable and good for business. “I’m licking my own chops right now. These are good times,” he said.
O’Leary emphasized Trump’s tax plans as a key factor. “They’re sure the existing 21% [corporate tax] platform is going to stick,” he said. “But the extra juice is the deregulation. That’s fantastic.”
He criticized President Biden’s green energy policies. According to O’Leary, they drove up costs for Americans. “All of a sudden, everything they do costs more, and they can’t make ends meet,” he explained.
“America corrected itself very quickly,” O’Leary added. He praised Trump 2.0 for his decisive actions. “He’s delivering the mandate, and he’s doing it really quickly,” he said. “This is what the people wanted to hear.”