DONALD TRUMP HITS THE GROUND RUNNING TO CREATE ENVIRONMENT TO CREATE JOBS …
On Monday, President Donald Trump told business leaders he believes he can cut regulations by 75 percent or “maybe more.” What a huge difference between the over-regulation of business under the Obama administration. Trump went on to say there will be protective regulations, just not ones that also are job creation killers. Trump also stated that he is looking to cut taxes as well. Like him or not, Trump is running full speed ahead and doing what he said he would do for the people.
President Donald Trump told business leaders on Monday he believes he can cut regulations by 75 percent or “maybe more.”
At the White House with 10 senior executives, he repeated his campaign pledges to roll back corporate rules, arguing that they have “gotten out of control.” A White House spokesman did not immediately respond to a request to elaborate on which rules Trump will target or how the 75 percent was calculated.
“We’re going to be cutting regulation massively,” but the rules will be “just as protective of the people,” Trump told reporters at the meeting that included Tesla Motors CEO Elon Musk and Under Armour CEO Kevin Plank.
”What we want to do is bring manufacturing back to our country,” Trump said. “That doesn’t mean we don’t trade because we do trade. We want to make our products here.”
After the meeting, Dow Chemical CEO Andrew Liveris said the executives will come back in 30 days with suggested actions to boost American manufacturing.
Trump’s administration has already negotiated a deal with United Technologies for its Carrier unit to keep some jobs in Indiana rather than move them to Mexico, in exchange for $7 million in incentives over several years. Still, the company plans to shut down another Indiana facility and move hundreds of jobs to Mexico.
ELIMINATED!!! VIDEO KILLED THE RADIO STAR AND INTERNET SHOPPING HAS KILLED THE LIMITED …
The WAPO is reporting that The Limited is going to close all of its 250 stories nationwide. That is correct, The Limited, a women’s clothing chain that propelled central Ohio into a major retail player nationally, will close all of its remaining stores on Sunday. In a statement Friday, the company said that its website, TheLimited.com, “will continue operations after the store closings.” However, the website reads “all sales final” and a number of items were not available in all sizes and colors.
The Limited has posted a message on its website saying it is closing all of its 250 stores nationwide, a move that would make the women’s apparel chain the latest big-name retailer to be wounded by shoppers’ growing preference for online shopping and “fast fashion.”
The posting said that the chain’s website would continue to be open for business.
There had been a steady drumbeat of evidence that trouble was brewing at The Limited. During the December shopping rush, the store’s 80 percent off deals and its sudden decision to disallow returns seemed more characteristic of a fire sale than a holiday bonanza.
And reports have cropped up across the country of individual store closures in recent weeks: Shoppers in the Washington region were notified by e-mail that the Pentagon City store was closing. News outlets in places such as Indianapolis, Albany, N.Y., and central Illinois reported that their local Limited stores were shuttering.
A spokesman told the Associated Press that the company will shut its stores by Sunday and that the closures would result in about 4,000 job cuts.
The Limited was once a cornerstone of one of retailing’s most formidable empires. Founded in 1963 by Leslie H. “Les” Wexner, the store was a 2,000-square-foot box named for its limited assortment of women’s apparel.
MAYBE IT WASN’T A SMART IDEA TO STOP SELLING TRUMP BRAND MERCHANDISE …
According to reports, Macy’s will be closing 68 stores and eliminating 10,000 jobs between now and mid-2017. The announcement was issued alongside an unfavorable earnings report, showing comparable store sales dipped 2.1% last quarter. This will leave only about 660 stores open in the United States. Obviously, the trend is to do on-line selling and will continue to be that way going forward. One has to wonder how much revenue was lost in the wake of the Macy’s decision to no longer carry Trump products. Seeing the outcome of the 2016 presidential election, one might call Macy’s business decision a “HUGE” mistake.
After seeing sales drop during the holidays, Macy’s said Wednesday it has either closed or will shutter 68 stores and cut an additional 6,200 positions at a time when shoppers are going online to buy everything from scarves to lipstick.
Of the 68 stores out of 730 in total, nine closings had been previously announced and three locations have already shut down. But the retail giant revealed the locations of the remaining 59 stores, which will be shuttered by the middle of this year and affect 3,900 employees, some of whom may be offered jobs at other locations.
Some of the stores are relatively new to the chain. The Macy’s store in the Eastland center in Columbus, Ohio, opened in 2006, and has 73 employees. Some, however, are historic or have been around for decades. Macy’s said it will shutter its store in downtown Minneapolis opened in 1902, where it has 280 employees.
Additionally the retail giant says that it will be cutting “layers of management” at its central operations, and paring the number of managers supporting stores, making up the bulk of 6,200 jobs that will be lost.
CEO of Japanese SoftBank Says Company Invest $50 billion & 50,000 Jobs to US after Meeting with Donald Trump
TRUMP IS NOT EVEN BEEN SWORN IN AS PRESIDENT AND LOOK WHAT HE IS DOING FOR US ECONOMY …
Yesterday it was announced that Masayoshi Son, the CEO of the Japanese telecom SoftBank, his company will invest $50 billion and bring 50,000 jobs to the United States after he met with President-elect Donald Trump.SoftBank is the second-largest telecom by market share in Japan after rival NTT. This is what happens when a business man is elected president. Any one think this deal would have happened had Hillary been elected? Donald Trump is already making America great again!
Masayoshi Son, the CEO of the Japanese telecom SoftBank, announced Tuesday that his company will invest $50 billion and bring 50,000 jobs to the US after he met with President-elect Donald Trump.
According to The Wall Street Journal, Son told reporters at Trump Tower that the investment would come from a $100 billion fund created in partnership with the Saudi Arabia sovereign-wealth fund and other investors.
SoftBank in October announced a $100 billion tech fund with the Saudis called the SoftBank Vision Fund. The fund had not detailed where it would invest.
Details about the jobs or what sort of businesses the fund would invest in were not announced. But Son showed reporters a PowerPoint slide signed by Son and Trump with the vague numbers.
Shortly after the meeting, Trump tweeted the details of the agreement and said the deal never would have been done “had we (Trump) not won the election.”
Politico/Morning Consult Poll: 67% Give Favorable View of Donald Trump’s Carrier Deal to Save Nearly 1000 American Jobs from Moving to Mexico
THIS SHOULD COME AS A NO DAH POLL, BUT SADLY THERE ARE THOSE WHO DISAGREE WITH SAVING AMERICAN JOBS ..
A recent Politico/Morning Consult poll shows that president-elect Donald Trump is getting very high marks for his negotiating with Carrier to save nearly 1000 American jobs from being sent to Mexico. 67% polled had a favorable onion of the action, which includes 87% of self-identified Republicans, 54% of independents and even 40% of Democrats. While many on the Left whine about the deal and some on the right in the “never Trump” crowd, an overwhelming majority approve. Saving jobs is always a good thing, especially with the manner is how this was done. With all due respect to Sarah Palin and those on the right, this was not crony capitalism. Carrier keeps some 800 jobs in Indiana that had been slated to go to Mexico in return for $7 million in state financial incentives. $7 million? That’s a piddence in the grand scope of things. Carrier looked to save $70-80 million with the move to Mexico. They did this deal because they know there is going to be a business man in the White House who is going to make America great again for business.
Donald Trump’s first major action as president-elect — the deal he and Vice President-elect Mike Pence struck last week with Carrier Corp. — is earning high marks from American voters, a new Politico/Morning Consult poll shows.
Voters surveyed overwhelmingly view Trump’s negotiations with Carrier — which resulted in about 1,000 manufacturing jobs at the heating, ventilation and air conditioning company remaining in Indiana rather than moving to Mexico — as an appropriate use of presidential prerogative. And a majority of voters say the Carrier deal gives them a more favorable view of Trump, though his overall favorability ratings were virtually unchanged from mid-November.
While some conservatives and conservative groups — including The Wall Street Journal’s editorial board and former vice presidential nominee Sarah Palin — have decried the Carrier deal as “crony capitalism,” the Politico/Morning Consult poll shows it’s a political winner for Trump. Sixty percent of voters say Carrier’s decision to keep some manufacturing jobs in Indiana, where Pence is still serving as governor, gives them a more favorable view of Trump. That includes not only 87 percent of self-identified Republicans, but also 54 percent of independents and 40 percent of Democrats.
Only 9 percent say it makes them view Trump less favorably, while 22 percent say it doesn’t have an impact either way.
At some point, some of you are going to have to stop whining about every thing this man does. I, especially mean those of you on the right. Its getting old and you sould like the Left. I am all for capitalism and free markets, but do not begin to tell me that this was a bad deal.