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Home>UPDATE: Trump gets kudos from billionaire Sam Zell

UPDATE: Trump gets kudos from billionaire Sam Zell

UPDATE: Trump gets kudos from billionaire Sam Zell

09/26/2017

By Shawn Langlois, MarketWatch

'There's been very significant change since Trump was elected in November, and change that is positive'

Donald Trump may be getting an earful about his "take a knee" fixation (http://www.marketwatch.com/story/trump-today-president-praises-fans-who-booed-kneeling-nfl-players-2017-09-25) this week, but at least one billionaire is focusing on the president's upside.

That's Sam Zell of Equity Group Investments explaining to CNBC (https://www.cnbc.com/2017/09/26/sam-zell-trump-is-bringing-significant-positive-change-for-business.html) on Tuesday why American corporations is willing to invest money on a longer-term basis now than it was during Obama's "antibusiness" administration.

Specifically, Zell pointed to deregulation, tax cuts and massive infrastructure spending as strong business tailwinds.

"Just think that all of a sudden there are no industries that are piƱata[s] of the president," Zell said, using Obama's campaign against fossil fuels as an example.

While he claims to be more optimistic now than he was six months ago, Zell, who chairs five NYSE-listed companies, also says investors need to be selective in this climate because we're not in a "buy anything" market.

Read:Trump's NFL bashing is 'why he's president.' (http://www.marketwatch.com/story/trumps-nfl-bashing-is-why-hes-president-2017-09-25)

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