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The Wall Street Publication > Blog > Economy > Trump, Apple CEO Tim Cook dinner spoke, teases U.S.A. funding
Economy

Trump, Apple CEO Tim Cook dinner spoke, teases U.S.A. funding

Editorial Board Published January 20, 2025
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Trump, Apple CEO Tim Cook dinner spoke, teases U.S.A. funding
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President-elect Donald Trump met with Apple CEO Tim Cook dinner, he introduced at his ‘Make America Great Again Victory Rally’, saying the CEO is planning to make an funding in the united statesA., following DAMAC and Softbank.

President-elect Donald Trump on the eve of his inauguration, stated he spoke with Apple CEO Tim Cook dinner and teased a possible transfer by the world’s most useful firm.

“I spoke with Tim Cook of Apple. He said they’re going to make a massive investment in the United States because of our big election win,” he stated throughout his ‘Make America Great Again Victory Rally’ on Sunday in Washington D.C. 

Apple didn’t instantly reply to FOX Enterprise’ request for remark. 

Ticker Safety Final Change Change % AAPL APPLE INC. 229.98 +1.72
+0.75%

This would not be the primary time the 2 labored collectively. In 2019, throughout Trump’s first time period, Cook dinner was a member of the American Workforce Coverage Advisory Board. 

President Donald Trump talks to Apple Inc. CEO Tim Cook dinner in the course of the American Workforce Coverage Advisory Board’s first assembly within the State Eating Room of the White Home in Washington, Wednesday, March 6, 2019. (AP Picture/Manuel Balce Ceneta)

Since successful the electoral and well-liked vote on November 5, 2024, Trump has secured two main investments within the U.S. First, Softbank is promising $100 million to create 100,000 jobs. 

“This historic investment is a monumental demonstration of confidence in America’s future. And it will help ensure that artificial intelligence, emerging technologies and other industries of tomorrow are built, created and grown right here in the USA,” Trump introduced in December. 

Trump speaks with SoftBank CEO

U.S. President-elect Donald Trump delivers remarks subsequent to Chairman and CEO of SoftBank Masayoshi Son, at Mar-a-Lago in Palm Seaside, Fla., on Monday, Dec. 16. (Reuters/Brian Snyder / Reuters)

The second, a $20 billion dedication from DAMAC to construct information facilities. 

WHAT TO KNOW ABOUT DAMAC?

“I’m thrilled to announce today that DAMAC will be investing at least $20 billion over a very short period of time into the United States, and they may go double or even somewhat more than double that amount of money. That’s a great thing,” Trump stated.

The primary section of the information middle undertaking will likely be in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana, Trump stated.

Because the election, many CEOs have damaged bread with Trump at Mar-a-Lago together with Meta’s Mark Zuckerberg, Google’s Sundar Pichai and Walmart’s Doug McMillion. 

WALMART CEO MET WITH TRUMP, TALKED POLICIES, ECONOMY

Trump additionally spoke of rising optimism within the economic system, small companies confidence at a 39-year-high and the inventory market. Since his win, the S&P 500 has superior practically 4%, the Dow Jones Industrial 3% and the Nasdaq Composite 6%. 

He additionally famous Bitcoin’s run. The most important crypto by market worth is buying and selling north of $100,000 as of Sunday night. 

As for Apple, its shares have superior over 20% in the course of the previous 12 months, and not too long ago flirted with a valuation of $4 trillion earlier than pulling again from that milestone. 

TECH LEADERS BEZOS, ZUCKERBERG, COOK, AND PICHAI LOOK FOR FACE TIME WITH TRUMP 

TAGGED:AppleCEOCookinvestmentspokeTeasesTimTrumpU.S.A
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