Buffett Says He Supports Trump's Cabinet Picks 'Overwhelmingly'

Warren Buffett said he “overwhelmingly” supports President-elect Donald Trump’s choices for cabinet positions as the incoming commander-in-chief’s selections face confirmation hearings in the U.S. Senate.
“I feel that way no matter who is president,” the billionaire Berkshire Hathaway Inc. chairman and chief executive officer said Thursday in New York at the premiere of a documentary about his life. “The CEO -- which I am -- should have the ability to pick people that help you run a place.”

“If they fail, then it’s your fault and you got to get somebody new,” Buffett said. “Maybe you change cabinet members or something.”

Buffett, 86, backed Hillary Clinton in the U.S. presidential election, stumping for her in Omaha, Nebraska, and headlining fundraisers. The billionaire frequently clashed with Trump and scolded him for not releasing income-tax returns, as major party presidential candidates have done for roughly four decades.
Trump’s cabinet picks include Treasury Secretary nominee Steven Mnuchin, a former Goldman Sachs Group Inc. banker; former Exxon Mobil Corp. CEO Rex Tillerson as secretary of state; and retired Marine Corps General James Mattis as Defense secretary.

Since the election, Buffett has struck a more conciliatory tone toward Trump and called for unity. In an interview with CNN in November, he said that people could disagree with the president-elect, but ultimately he “deserves everybody’s respect.”
Trump’s Popularity
That message hasn’t resonated. Trump’s popularity is the worst for an incoming president in at least four decades, with just 40 percent of Americans saying they have a favorable impression of him, according to a Washington Post-ABC poll published Tuesday. Buffett said on Thursday that the low approval ratings won’t matter
“It’s what you go out with that counts -- 20, 50 years later what people feel you’ve achieved,” Buffett said.
The president-elect has continued his pugnacious style during the transition, picking fights on Twitter with news outlets, automakers, defense contractors, intelligence agencies, Hollywood actress Meryl Streep and civil rights hero-turned-U.S. Congressman John Lewis.
Buffett spoke on the red carpet at the Museum of Modern Art in New York. The documentary, “Becoming Warren Buffett,” chronicles how the billionaire investor amassed one of the world’s largest fortunes and later decided to give the bulk of his wealth to charity. The film will air this month on HBO.

The Berkshire CEO said he hopes Americans are kept safe during the next administration, particularly in view of possible aggression from North Korea. And he said he’s looking for  “the people that haven’t participated in our incredible prosperity” to have a chance to do better.
“If they work 40 hours a week, they should have a decent life,” Buffett said. “That’s the most important thing in terms of the economy.”

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The Donald Trump Administration is likely to offer a bilateral trade deal to India that could be a "win-win situation" for the two countries, sources said. Arguing that the President-elect does not believe in multilateral trade deals and is against them, the sources said his administration is interested in a bilateral trade deal with India that could be a "win-win situation" for the two countries, the two sources said. However, the offer of first such trade deal could go to the United Kingdom, a close ally of America. Once that is finalized, the Trump Administration is expected to engage India on a similar bilateral trade deal offer, they said. The development comes hours before Trump is sworn in as the 45th President of the United States. "I think the President's message on trade has been fairly clear. He is going to fight for American workers and American manufacturing. And that's going to be the number one thing that guides him going forward," incoming White House Press Secretary Sean Spicer told reporters. "He (Trump) has talked about bilateral deals, but he's going to make sure that every deal he cuts, just like he did in business puts American workers and American manufacturing, American services, America first," he said in response to a question on China. India did not figure on his remarks on trade related question. "So whether it's China or any other country, that's going to be the priority. But with respect to China alone, it's a huge market place for American workers and small businesses. You look at the commitment that Ali Baba made the other day when they met with him, talking about increasing access to small businesses," Spicer said. He said it is important that individuals who might have a craft or a product that they're working at home or maybe it's just a small business, have the opportunity to access those market places that at one point might be too far for them to reach, but might get avaulable through the. Trump is going to continue to fight whether it's the Chinese market or other places around the globe for market access, he added. "But again the guiding principle is always going to be the American worker and American manufacturing," Spicer said.

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The Donald Trump Administration is likely to offer a bilateral trade deal to India that could be a "win-win situation" for the two countries, sources said. Arguing that the President-elect does not believe in multilateral trade deals and is against them, the sources said his administration is interested in a bilateral trade deal with India that could be a "win-win situation" for the two countries, the two sources said. However, the offer of first such trade deal could go to the United Kingdom, a close ally of America. Once that is finalized, the Trump Administration is expected to engage India on a similar bilateral trade deal offer, they said. The development comes hours before Trump is sworn in as the 45th President of the United States. "I think the President's message on trade has been fairly clear. He is going to fight for American workers and American manufacturing. And that's going to be the number one thing that guides him going forward," incoming White House Press Secretary Sean Spicer told reporters. "He (Trump) has talked about bilateral deals, but he's going to make sure that every deal he cuts, just like he did in business puts American workers and American manufacturing, American services, America first," he said in response to a question on China. India did not figure on his remarks on trade related question. "So whether it's China or any other country, that's going to be the priority. But with respect to China alone, it's a huge market place for American workers and small businesses. You look at the commitment that Ali Baba made the other day when they met with him, talking about increasing access to small businesses," Spicer said. He said it is important that individuals who might have a craft or a product that they're working at home or maybe it's just a small business, have the opportunity to access those market places that at one point might be too far for them to reach, but might get avaulable through the. Trump is going to continue to fight whether it's the Chinese market or other places around the globe for market access, he added. "But again the guiding principle is always going to be the American worker and American manufacturing," Spicer said.

Read more at: http://www.moneycontrol.com/news/current-affairs/trump-administration-could-offer-bilateral-deal-to-india_8307421.html?utm_source=ref_article

The Donald Trump Administration is likely to offer a bilateral trade deal to India that could be a "win-win situation" for the two countries, sources said. Arguing that the President-elect does not believe in multilateral trade deals and is against them, the sources said his administration is interested in a bilateral trade deal with India that could be a "win-win situation" for the two countries, the two sources said. However, the offer of first such trade deal could go to the United Kingdom, a close ally of America. Once that is finalized, the Trump Administration is expected to engage India on a similar bilateral trade deal offer, they said. The development comes hours before Trump is sworn in as the 45th President of the United States. "I think the President's message on trade has been fairly clear. He is going to fight for American workers and American manufacturing. And that's going to be the number one thing that guides him going forward," incoming White House Press Secretary Sean Spicer told reporters. "He (Trump) has talked about bilateral deals, but he's going to make sure that every deal he cuts, just like he did in business puts American workers and American manufacturing, American services, America first," he said in response to a question on China. India did not figure on his remarks on trade related question. "So whether it's China or any other country, that's going to be the priority. But with respect to China alone, it's a huge market place for American workers and small businesses. You look at the commitment that Ali Baba made the other day when they met with him, talking about increasing access to small businesses," Spicer said. He said it is important that individuals who might have a craft or a product that they're working at home or maybe it's just a small business, have the opportunity to access those market places that at one point might be too far for them to reach, but might get avaulable through the. Trump is going to continue to fight whether it's the Chinese market or other places around the globe for market access, he added. "But again the guiding principle is always going to be the American worker and American manufacturing," Spicer said. Tags Donald Trump Administration

Read more at: http://www.moneycontrol.com/news/current-affairs/trump-administration-could-offer-bilateral-deal-to-india_8307421.html?utm_source=ref_article

The Donald Trump Administration is likely to offer a bilateral trade deal to India that could be a "win-win situation" for the two countries, sources said. Arguing that the President-elect does not believe in multilateral trade deals and is against them, the sources said his administration is interested in a bilateral trade deal with India that could be a "win-win situation" for the two countries, the two sources said. However, the offer of first such trade deal could go to the United Kingdom, a close ally of America. Once that is finalized, the Trump Administration is expected to engage India on a similar bilateral trade deal offer, they said. The development comes hours before Trump is sworn in as the 45th President of the United States. "I think the President's message on trade has been fairly clear. He is going to fight for American workers and American manufacturing. And that's going to be the number one thing that guides him going forward," incoming White House Press Secretary Sean Spicer told reporters. "He (Trump) has talked about bilateral deals, but he's going to make sure that every deal he cuts, just like he did in business puts American workers and American manufacturing, American services, America first," he said in response to a question on China. India did not figure on his remarks on trade related question. "So whether it's China or any other country, that's going to be the priority. But with respect to China alone, it's a huge market place for American workers and small businesses. You look at the commitment that Ali Baba made the other day when they met with him, talking about increasing access to small businesses," Spicer said. He said it is important that individuals who might have a craft or a product that they're working at home or maybe it's just a small business, have the opportunity to access those market places that at one point might be too far for them to reach, but might get avaulable through the. Trump is going to continue to fight whether it's the Chinese market or other places around the globe for market access, he added. "But again the guiding principle is always going to be the American worker and American manufacturing," Spicer said.

Read more at: http://www.moneycontrol.com/news/current-affairs/trump-administration-could-offer-bilateral-deal-to-india_8307421.html?utm_source=ref_article

The Donald Trump Administration is likely to offer a bilateral trade deal to India that could be a "win-win situation" for the two countries, sources said. Arguing that the President-elect does not believe in multilateral trade deals and is against them, the sources said his administration is interested in a bilateral trade deal with India that could be a "win-win situation" for the two countries, the two sources said. However, the offer of first such trade deal could go to the United Kingdom, a close ally of America. Once that is finalized, the Trump Administration is expected to engage India on a similar bilateral trade deal offer, they said. The development comes hours before Trump is sworn in as the 45th President of the United States. "I think the President's message on trade has been fairly clear. He is going to fight for American workers and American manufacturing. And that's going to be the number one thing that guides him going forward," incoming White House Press Secretary Sean Spicer told reporters. "He (Trump) has talked about bilateral deals, but he's going to make sure that every deal he cuts, just like he did in business puts American workers and American manufacturing, American services, America first," he said in response to a question on China. India did not figure on his remarks on trade related question. "So whether it's China or any other country, that's going to be the priority. But with respect to China alone, it's a huge market place for American workers and small businesses. You look at the commitment that Ali Baba made the other day when they met with him, talking about increasing access to small businesses," Spicer said. He said it is important that individuals who might have a craft or a product that they're working at home or maybe it's just a small business, have the opportunity to access those market places that at one point might be too far for them to reach, but might get avaulable through the. Trump is going to continue to fight whether it's the Chinese market or other places around the globe for market access, he added. "But again the guiding principle is always going to be the American worker and American manufacturing," Spicer said.

Read more at: http://www.moneycontrol.com/news/current-affairs/trump-administration-could-offer-bilateral-deal-to-india_8307421.html?utm_source=ref_article