'Maybe now I have to worry': Wall Street execs freaked out over Trump announcement
During an appearance on MSNBC's "Morning Joe," CNBC "Squawk Box" host Andrew Ross Sorkin claimed that the President-elect is causing some Wall Street execs to have second thoughts about his return to the Oval Office.
Speaking with the hosts, Ross Sorkin said he was in a conference with Wall Street execs when news came down that Trump had chosen controversial Rep. Matt Gaetz (R-FL) to head up the Department of Justice.
As he recalled, "I was at a conference yesterday and there were a whole bunch of investors when the news came down and I would say up until that moment so many of them had a big grin on their face about where the market was going, the economy, all of that."
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"When it first came across the phone, there were people including, by the way myself, who thought it was a parody account, who literally thought it was The Onion and they didn't believe it and the shift in tone went from, 'Wow, we're going to have a great economy and all of these things and I don't have to worry,' to, 'Okay, maybe now I have to worry' was like in the blink of an eye."
"And then all night it was the same thing with my phone lighting up from people in the business community who I think are still hopeful in their own ways about the economic issues and the like," he elaborated. "But when it comes to law and order, when it comes to the Justice Department and what this is ultimately going to look like, what prosecutions are going to look like, that threw a lot of people back on their feet."
"The question is whether they can stand up and say so publicly and I think unfortunately the answer is still no and especially no because of the role this individual may ultimately play," he added.
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