Team Trump's fight to convince Wall Street that Musk's DOGE is good for markets

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Team Trump's fight to convince Wall Street that Musk's DOGE is good for markets

//business-finance.news-articles.net/content/202 .. street-that-musk-s-doge-is-good-for-markets.html

Published in Business and Finance on Saturday, February 8th 2025 at 9:40 GMT by AOL
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Top Trump officials fanned out this past week to talk to markets about the upside of Elon Musk's activities as questions mounted about his team's access to a sensitive payments system.

The article from AOL Finance discusses the challenges Donald Trump faces in convincing Wall Street to back his 2024 presidential campaign. Despite his previous term's economic policies, which included tax cuts and deregulation, Trump's recent political activities and the potential for market instability due to his unpredictable style are causing hesitation among financial leaders. Key points include Trump's strained relationship with major donors like Blackstone's Stephen Schwarzman, who has expressed concerns over the direction of the Republican Party. Additionally, Trump's legal issues, including a $454 million civil fraud judgment, are seen as potential liabilities. The article also notes that while some donors are still supportive, many are exploring other candidates like Nikki Haley, who might offer a more stable investment in terms of policy and governance. The overall sentiment is one of caution, with Wall Street weighing the benefits of Trump's past economic policies against the risks of his controversial persona and legal battles.

Read the Full AOL Article at:
[ https://www.aol.com/finance/team-trump-fight-convince-wall-140032455.html ]