Trump, Pence held call on economy with investors including Paul Tudor Jones, Stephen Schwarzman – CNBC
President Donald Trump and Vice President Mike Pence held a call with some of the most prominent investors and leaders on Wall Street to discuss the coronavirus impact on the economy, according to sources.
Investors on the call included Citadel's Ken Griffin, Third Point'sDan Loeb, Blackstone's Stephen Schwarzman, Vista Equity's Robert Smith, Intercontinental Exchange's Jeffrey Sprecher and Paul Tudor Jones, hedge fund manager and co-founder of Just Capital.
The call Tuesday took place just an hour before Trump warned of a drastic decline in U.S. economic growth if the nationwide shutdown continued.Trump also said Tuesday thathe'd like to see the U.S. economy "reopen" by Easter, less than three weeks away,a step-change from a previous suggestion that the country wouldn't turn the corner until several months from now.
The call with some of Wall Street's top investors and hedge fund leaders was less focused on potential actions the administration could take to mitigate the impact of the novel coronavirus. Instead, it was more focused on how America's top money managers are viewing markets and the U.S. economy, the people familiar with the matter said.
The call also included discussion on what more the Federal Reserve could do to support industries that are feeling outsized pressure as a result of the virus and how the central bank could helpcertain corners of the financing markets from seizing up.
Sources described the call to CNBC's Scott Wapner as "constructive" and that the general idea was that the U.S. economy cannot be allowed to crash. Those people also said that the call reiterated that the virus won't be permanent and that the U.S. needs a thoughtful tack when dealing with the virus and even a date-certain approach to getting back to business.
"They're saying 25 points of GDP," Trump said in a televised town hall appearance Tuesday.
One invisible in the change in messaging is Nick Ayers, the Georgia political strategist who served as chief of staff to Vice President Mike Pence until January 2019. Ayers, who now sits on the board of global software company, Veeam, has sounded the alarm on a long-term shutdown to the White House and has served as a backchannel with corporate executives who share that fear. Ayers, CNBC has learned, arranged Tuesday's call with Wall Street investors.
The president said in a Fox News "virtual town hall" event at the White House that he'd like to unleash the American economy by mid-April despite the protective measures instituted by a slew of states to slow the spread of the coronavirus.
"We're opening up this incredible country. Because we have to do that. I would love to have it open by Easter," Trump said.
"I would love to have that. It's such an important day for other reasons, but I'd love to make it an important day for this. I would love to have the country opened up, and rarin' to go by Easter."
The president and vice president spoke with the aforementioned investors about when might be appropriate to ease some of the restrictions imposed by states in their effort to help slow the virus.
Intercontinental's Sprecher and his wife, U.S.Sen. Kelly Loeffler, R-Ga., came under scrutiny last week after the couple sold millions of dollars' worth of stock earlier in the year.
Last week, reports said Loeffler and other GOP senators, Intelligence Committee Chairman Richard Burr of North Carolina and Oklahoma's James Inhofe, along with California Democratic Sen. Dianne Feinstein, dumped shares worth up to $10 millionin the weeks after aJan.24 private briefingto senators about the coronavirus by Trump administration health officials.
Intercontinental Exchange is the parent company of the New York Stock Exchange.
CNBC's Dan Mangan contributed reporting.
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
Visit link:
Trump, Pence held call on economy with investors including Paul Tudor Jones, Stephen Schwarzman - CNBC
- Mike Pence's Handwritten Notes Reveal the Insult Donald Trump Used in Final Conversation Before Jan. 6 Riots - People.com - October 28th, 2025 [October 28th, 2025]
- Mike Pence's Handwritten Notes Reveal the Insult Donald Trump Used in Final Conversation Before Jan. 6 Riots - Yahoo - October 28th, 2025 [October 28th, 2025]
- Mike Pence's Handwritten Notes Reveal the Insult Donald Trump Used in Final Conversation Before Jan. 6 Riots - Yahoo News Canada - October 28th, 2025 [October 28th, 2025]
- Excerpts from Mike Pence notes on Jan. 6 conversations with Trump come out: Youll go down as a wimp - Diario AS - October 28th, 2025 [October 28th, 2025]
- Trump Slammed Mike Pence As A Wimp In Final Call Before Jan. 6 Insurrection - HuffPost - October 28th, 2025 [October 28th, 2025]
- Donald Trump's Insult For Mike Pence On Jan 6 Should Have JD Vance Watching His Back - thelist.com - October 28th, 2025 [October 28th, 2025]
- Trumps final words on Jan 6 to Mike Pence revealed - The Independent - October 26th, 2025 [October 26th, 2025]
- Trumps final words on Jan 6 to Mike Pence revealed - Yahoo News Canada - October 26th, 2025 [October 26th, 2025]
- Exclusive: Mike Pence, Conan OBrien, Helena Bonham Carter, George R. R. Martin to speak at the Union - The Oxford Student - October 7th, 2025 [October 7th, 2025]
- Mike Pence and John Bolton say Americas future lies with its citizens - Harvard Kennedy School - October 4th, 2025 [October 4th, 2025]
- Former Vice President Mike Pence voiced support for Harvard researchers caught up in the White Houses antisemitism investigations at a Harvard forum... - October 2nd, 2025 [October 2nd, 2025]
- What Trump's First VP Mike Pence Has Been Up To Since Being Iced Out Of His Inner Circle - thelist.com - September 28th, 2025 [September 28th, 2025]
- Trump judicial pick who faced conservative backlash gets boost from Mike Pence group - Washington Examiner - September 25th, 2025 [September 25th, 2025]
- Mike Pence Says Trump Is 'Right' When He Says Ukraine Can Fight And Win Back Territory From Russia - Benzinga - September 25th, 2025 [September 25th, 2025]
- Former VP Mike Pence Heads To Academia With Faculty Role At George Mason University - Benzinga - September 21st, 2025 [September 21st, 2025]
- Former VP Mike Pence to teach politics at George Mason University in the Spring - WJLA - September 21st, 2025 [September 21st, 2025]
- Mike Pence Arrives At Capitol Before Trump Inauguration Made A Post (CIs2MbvVKU) - folha do es - September 21st, 2025 [September 21st, 2025]
- Today, Vice President Mike Pence surprised guests at the Bush Center and sat down for a special taping of The Strategerist podcast before a live... - September 19th, 2025 [September 19th, 2025]
- Former VP Mike Pence to become George Mason University professor - WUSA9 - September 19th, 2025 [September 19th, 2025]
- Former VP Mike Pence: China is the greatest economic and strategic threat facing the U.S. - CNBC - September 19th, 2025 [September 19th, 2025]
- Mike Pence joins George Mason University faculty - DC News Now - September 19th, 2025 [September 19th, 2025]
- Former VP Mike Pence to teach politics at George Mason University in the Spring - WSET - September 19th, 2025 [September 19th, 2025]
- Mike Pence announces he will be teaching at George Mason University in Virginia - weareiowa.com - September 19th, 2025 [September 19th, 2025]
- Video Mike Pence to teach politics at George Mason University in 2026 - ABC News - Breaking News, Latest News and Videos - September 19th, 2025 [September 19th, 2025]
- Mike Pence joins George Mason University faculty - The Business Journals - September 19th, 2025 [September 19th, 2025]
- Mike Pence: "We gotta be careful about putting America on trial whenever we see evil overtake the heart of any individual. In this case, absent... - September 19th, 2025 [September 19th, 2025]
- Mike Pence Joins George Mason University as Distinguished Professor - National Review - September 17th, 2025 [September 17th, 2025]
- FORMER VICE PRESIDENT MIKE PENCE: Five years on, the Abraham Accords still point the way to peace - Fox News - September 15th, 2025 [September 15th, 2025]
- Mike Pence to speak at UNCW this fall - Port City Daily - August 29th, 2025 [August 29th, 2025]
- Vice President Mike Pence to Keynote UNCWs Dare to Learn Lecture - University of North Carolina Wilmington - August 27th, 2025 [August 27th, 2025]
- Mike Pence Blames Trump Tariffs As John Deere Cuts 238 Jobs In Iowa: 'Time To Get Back To Free Trade With Free Nations' - Benzinga - August 26th, 2025 [August 26th, 2025]
- Mike Pence on Trumps handling of Putin, tariffs - NewsNation - August 22nd, 2025 [August 22nd, 2025]
- Former VP Mike Pence tells The Hill on NewsNation Putin doesnt want peace - The Hill - August 22nd, 2025 [August 22nd, 2025]
- Mike Pence Calls For 'Free Trade With Free Nations' And Says Tariffs Ultimately Hurt U.S. Businesses And Shoppers - Yahoo Finance - August 14th, 2025 [August 14th, 2025]
- Mike Pence-Backed Group Calls for End to Gambling Loss Tax Deductions - newsnet5.com - August 12th, 2025 [August 12th, 2025]
- US companies and consumers paying the cost of Trumps tariffs - Mike Pence - sentinelassam.com - August 12th, 2025 [August 12th, 2025]
- Eric Metaxas Guest John Zmirak: Mike Pence, Lindsey Graham, John McCain Were Part of Obama Coup Claimed by Gabbard - People For the American Way - August 9th, 2025 [August 9th, 2025]
- Mike Pence Says 'Time Has Come' to Share Epstein Files, Adding 'Anyone' Associated with the 'Despicable Man' Deserves Scrutiny - AOL.com - July 22nd, 2025 [July 22nd, 2025]
- Mike Pence Joins Calls To Release Epstein Files: The Time Has Come - Yahoo Home - July 20th, 2025 [July 20th, 2025]
- Extended Interview: Mike Pence on Trump tariffs, Jeffrey Epstein and more - CBS News - July 20th, 2025 [July 20th, 2025]
- Mike Pence calls for the release of the Epstein files - AOL.com - July 20th, 2025 [July 20th, 2025]
- Mike Pence urges Trump to 'release all the files' on Jeffrey Epstein - USA Today - July 18th, 2025 [July 18th, 2025]
- Trumps former Vice President Mike Pence pushes for release of the Epstein files: The time has come - The Independent - July 18th, 2025 [July 18th, 2025]
- Mike Pence calls for the release of the Epstein files: 'I've always believed in transparency' - ABC News - Breaking News, Latest News and Videos - July 18th, 2025 [July 18th, 2025]
- Trumps former Vice President Mike Pence pushes for release of the Epstein files: The time has come - Yahoo - July 18th, 2025 [July 18th, 2025]
- Mike Pence says Trump "starting to realize Putin doesn't want peace" - CBS News - July 18th, 2025 [July 18th, 2025]
- Mike Pence has a message for Donald Trump about Jeffrey Epstein: 'Release all the files' - South Bend Tribune - July 18th, 2025 [July 18th, 2025]
- Mike Pence makes stunning demand of Trump admin: The time has come - NJ.com - July 18th, 2025 [July 18th, 2025]
- Mike Pence has a message for Donald Trump about Jeffrey Epstein: 'Release all the files' - Yahoo - July 18th, 2025 [July 18th, 2025]
- Mike Pence says the time has come for Trump to release the Epstein files - Global News - July 18th, 2025 [July 18th, 2025]
- Mike Pence Says It Was Tariffs On Tea That Led To The American Revolution, Reiterates Only Congress Can Impose Such Levies - Benzinga - July 18th, 2025 [July 18th, 2025]
- Trumps former Vice President Mike Pence pushes for release of the Epstein files: The time has come - MSN - July 18th, 2025 [July 18th, 2025]
- Firing Line with Margaret Hoover kicks off eighth season on PBS with Mike Pence - PR Newswire - July 12th, 2025 [July 12th, 2025]
- Mike Pence Says Trump's Tariff Escalations With US Allies Are Like 'Dismissing Your Front Line In A Football Game' - Benzinga - July 12th, 2025 [July 12th, 2025]
- 'Jeopardizes All Of It': Ex-Mike Pence Aide Knocks Trump Over These 'Confusing' Moves - HuffPost - July 10th, 2025 [July 10th, 2025]
- JD Vance Wonders If Other VPs Had This Much Excitement Social Media Says, Ask Mike Pence - Yahoo News Singapore - June 29th, 2025 [June 29th, 2025]
- "My Respect For VP Pence Continues To Grow": People Are Applauding Mike Pence For Writing A Letter To A January 6 Rioter Who Refused Trump's... - June 28th, 2025 [June 28th, 2025]
- 'Shows your commitment to rule of law': Trump's ex-VP Mike Pence applauds woman who refused pardon for Ja - Times of India - June 28th, 2025 [June 28th, 2025]
- People Can't Believe They Actually Agree With Mike Pence After He Wrote A Letter To A Jan 6 Rioter - BuzzFeed - June 28th, 2025 [June 28th, 2025]
- Mike Pence writes letter to Jan 6 rioter praising her for refusing to take Trumps pardon - MSN - June 28th, 2025 [June 28th, 2025]
- Mike Pence reveals whether he plans to run in 2028 - Yahoo - May 22nd, 2025 [May 22nd, 2025]
- Former Vice President Mike Pence parts ways with Trump on tariff policy - WRAL.com - May 22nd, 2025 [May 22nd, 2025]
- Mike Pence criticizes Trump on tariffs and key foreign policy issues as he watches from afar - NBC News - May 22nd, 2025 [May 22nd, 2025]
- Mike Pence reveals whether he plans to run in 2028 - The Independent - May 22nd, 2025 [May 22nd, 2025]
- Mike Pence warns of risk of Trump accepting a plane from nation linked to Hamas - The Independent - May 22nd, 2025 [May 22nd, 2025]
- Mike Pence ramps up Trump disapproval with 13 words slamming overseas trip - The Mirror US - May 22nd, 2025 [May 22nd, 2025]
- Would former VP Mike Pence ever run for office again? Here's what he said - IndyStar - May 22nd, 2025 [May 22nd, 2025]
- Mike Pence Sounds Terror Alert on Trumps Free Plane - The Daily Beast - May 22nd, 2025 [May 22nd, 2025]
- How Mike Pence says he came to the conclusion he should part ways with Trump - MSN - May 22nd, 2025 [May 22nd, 2025]
- Mike Pence criticizes Trump on tariffs and key foreign policy issues as he watches from afar - Straight Arrow News - May 22nd, 2025 [May 22nd, 2025]
- Trump's Middle East Trip Draws Rare Praise From Mike Pence As 'Very Successful' For US Economy Amid 'Historic' Boeing Deal: 'That'll Really Support... - May 22nd, 2025 [May 22nd, 2025]
- Mike Pence says Trump tariffs were the largest peacetime tax hike in U.S. history - MSN - May 22nd, 2025 [May 22nd, 2025]
- Mike Pence Says This Trump Policy Could Kill The American Dream - HuffPost - May 11th, 2025 [May 11th, 2025]
- Mike Pence receives award for defending democracy from Trump without mentioning his name - MSN - May 11th, 2025 [May 11th, 2025]
- Former Vice President Mike Pence urges President Trump and congressional Republicans not to raise taxes on wealthy Americans - Fox News - May 11th, 2025 [May 11th, 2025]
- Mike Pence rebukes Trump over tariffs and wavering support for Ukraine - The Guardian - May 11th, 2025 [May 11th, 2025]
- Mike Pence Finally Goes Scorched Earth on Trump and His Agenda - The Daily Beast - May 11th, 2025 [May 11th, 2025]
- Former Vice President Mike Pence honored by Kennedy family in receiving the JFK 'Profile in Courage Award' - Fox News - May 11th, 2025 [May 11th, 2025]
- Mike Pence: Keeping toys affordable is part of the American dream - CNN - May 11th, 2025 [May 11th, 2025]
- Mike Pence eloquently carves up Trump and MAGA with the precision of a surgeon - NJ.com - May 11th, 2025 [May 11th, 2025]