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President Donald Trump is meeting by phone Wednesday with executives from diverse sectors of Corporate America, as part of a newly created effort to solicit options for reopening the U.S. economy amid the coronavirus pandemic.
Trump on Tuesday named dozens of advisers to what the White House calls the Great American Economic Revival Industry Groups. Among them are Apple’s AAPL, -1.28% Tim Cook, Morgan Stanley’s MS, -3.88% James Gorman and Regeneron’s REGN, -1.31% Leo Schleifer.
“They’re going to give us some ideas,” Trump said on Tuesday.
It wasn’t immediately clear which executives Trump would speak with Wednesday. His schedule listed four separate phone meetings with various industries.
The meetings come as Trump and governors butt heads over the speed and other details of reopening shuttered businesses, schools and other institutions. After claiming he had reopening authority, Trump on Tuesday said he would authorize governors to put plans in place. Trump’s claim of “absolute authority” has been contradicted by legal experts, and governors have proceeded on their own to study reopening options.
U.S. stocks DJIA, -2.55% lost ground Wednesday, as investors faced weaker-than-expected economic data and disappointing corporate earnings.
