The biggest names in tech head to the White House

This post was originally published on this site
trump oval office

Is President Trump ready to mend fences with Silicon Valley?

The White House is hosting a summit Monday with top talent in technology. It’s the first meeting of the American Technology Council, which was created by an executive order Trump signed last month.

The group will talk about reforming the H-1B visa program, which Trump has criticized and says is abused by tech firms that use it to import cheap labor.

Also on the council’s agenda: modernizing the government’s technology infrastructure and keeping its computers safe from cyber attacks.

Related: CEOs to Trump: You’re failing

An administration official said leaders from 18 companies are expected to attend, including Amazon (AMZN, Tech30) CEO Jeff Bezos, Apple (AAPL, Tech30) CEO Tim Cook, Microsoft (MSFT, Tech30) CEO Satya Nadella, Founders Fund’s Peter Thiel and Eric Schmidt, executive chairman of Google’s parent company, Alphabet (GOOG).

Trump angered big players in the tech community earlier this month when he pulled the United States out of the Paris climate deal.

Facebook (FB, Tech30) founder and CEO Mark Zuckerberg, Google (GOOG) CEO Sundar Pichai, outgoing General Electric (GE) CEO Jeff Immelt and Apple’s (AAPL, Tech30) Cook all condemned the move.

All of those companies declined comment to CNNMoney about Monday’s meeting.

Tesla (TSLA) and SpaceX CEO Elon Musk will not participate. He resigned from two of Trump’s other advisory councils after the Paris climate decision.

And Uber CEO Travis Kalanick will be a no-show. The company already confirmed that Kalanick doesn’t have any plans to participate, and earlier this year he resigned from another one of Trump’s councils. Kalanick is also on a leave of absence from Uber.

Related: Trump sparked a CEO revolt. Here’s why

Among those representing the government will be Ivanka Trump and Jared Kushner, both White House advisers; Treasury Secretary Steven Mnuchin; Homeland Security Secretary John Kelly; White House budget director Mick Mulvaney and White House economic adviser Gary Cohn.

Chris Liddell, the White House director of strategic initiatives and a former top executive for General Motors, Microsoft, International Paper and William Morris Endeavor, was named by Trump as director of the council.

Vice President Mike Pence is also expected to stop by, and the group will meet with Trump late in the afternoon to provide an overview of the discussions, according to one senior White House official.

–CNN’s Kevin Bohn and Athena Jones contributed to this report.

Be Sociable, Share!

Related Posts


MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The educational training program and software services are provided to improve financial understanding.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.