When asked in an interview Tuesday whether President Trump is responsible for recent market successes, New York Stock Exchange President Thomas Farley replied, “unquestionably.”
Noting that the NYSE has been “on fire,” Neil Cavuto asked Farley whether the “president’s agenda is a big reason” for those gains.
“Unquestionably. I think that’s manifest,” Farley said.
“Business confidence has improved, consumer confidence has improved since the election,” he continued. “The Dow Jones was all the way down near 17,000 on the night of the election, if you remember, the futures really diving, and now it’s up, what is it, 15 percent.”
On Tuesday, Farley attended a meeting of CEOs with President Trump, reporting to Cavuto that it was a “really productive morning” at the White House.
“The president was on message, he came into the room wanting to signal his business-friendly stance and that’s what he did,” Farley said. “He focused on his quest to reduce regulations and to have smarter taxes.”
The CEO noted that “there wasn’t a lot of specifics around timing.” Farley told Cavuto the president “subdued” his concerns about his ability to stay on message and focus on the economy by the end of the meeting.
Emily Jashinsky is a commentary writer for the Washington Examiner.
