Trump’s call with Wall Street didn’t go as planned

Several executives called for more Covid-19 testing, something Trump has been hearing for six weeks from anxious governors, health care leaders and lawmakers. And that was pretty much it for the Wall Street conversation, according to people briefed on the call. “It was really nothing,” one person briefed on the call said.

Beyond the haphazard nature of the call, senior bankers are getting increasingly frustrated with Trump’s approach to the crisis. They say pressure tactics to reopen the economy as fast as possible make no sense if the virus isn’t fully under control and consumers and businesses don’t feel safe to resume anything close to normal activities.

“I really don’t understand how they are communicating on this,” one CEO told POLITICO on condition that neither they nor their firm be named for fear of angering the White House. “He’s got to stop talking about turning the economy back on and start talking about making people feel safe, things that are happening around testing and the health care system. That’s the only way you will really get the economy reopened over a period of time.”

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