Despite Wall Street's widespread belief that Trump's administration will be friendly to big business, CNBC's Jim Cramer pointed out that his second-in-command JD Vance is critical of some large companies accused of wielding illegal monopoly power.
"Now, at the end of the day, politicians are politicians—they can turn on a dime if it suits the current moment," Cramer said."But Vance's hard line about Google's supposed left-wing bias, you know, that might strike a chord with President-elect Trump, who didn't exactly get a lot of support from big tech."on Wednesday suggested to investors that Donald Trump's administration may not be as friendly to big business as many on Wall Street believe.
"That's why I say don't dwell too much about the FTC or Justice when you make your investing decisions," he said."Just don't be surprised if the Trump antitrust regulators are a little more like Kantor or Khan than you could ever have imagined."for the CNBC Investing Club to follow Jim Cramer's every move in the market.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Source: nbcchicago - 🏆 545. / 51 Read more »
Source: nbcsandiego - 🏆 524. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »