For the Record: Tech checks in with Trump

for_the_record http://click.e.usatoday.com/?qs=5c8b572edcce2136fc19024b2f906d56d20bdcbbd4a8799ad06d6511c49a1e4eabca3bfb0b827989 View this email in your browser Brought to you by http://click.e.usatoday.com/?qs=5c8b572edcce2136429e85b58e861f34230770bf419d3f51ea2159d36a215a7692659cd2f3ad6722 USATODAY.com How will the left-leaning tech industry work alongside the business-minded Trump administration … and specifically, how will future Martian overlord Elon Musk do as a&#; http://click.e.usatoday.com/?qs=5c8b572edcce2136e3be55d2c8947ee5d7611a9b4a48563e66715007f475cad8c72da5beb61ff6aa newly minted Trump adviser ? Let the rampant speculation begin! Twitter wasn’t invited? Dance with who brung you, Donald http://click.e.usatoday.com/?qs=5c8b572edcce21364577bc501a6f3f0b7247f203fc89c067a926c118b2f92ea68a79f5db185c7539 Trump sat down with tech&#;leaders for two hours Wednesday , with Trump mostly heaping praise on the industry and offering assistance from his administration. “This is truly an amazing group of people," Trump said to the Silicon Valley power brokers. “I want to add that I&#’;m here to help you folks do well." The group, including&#;Apple CEO&#;Tim Cook, Alphabet CEO&#;Larry Page, Microsoft CEO&#;Satya Nadella, Amazon CEO&#;Jeff Bezos, Tesla CEO&#;Elon Musk, IBM CEO&#;Ginni Rometty&#;and Intel CEO Brian Krzanich, traded wish lists with the president-elect. On the execs’ list: tax reform, reducing regulations,&#;improving education and fighting immigration controls that could impact Silicon Valley’s talent pool. On Trump’s list: repatriating company profits held overseas,&#;bringing tech manufacturing jobs to the U.S.&#;and finally inventing the Back to the Future hoverboard. One surprising omission from the group was&#;Twitter CEO Jack Dorsey.&#; http://click.e.usatoday.com/?qs=5c8b572edcce2136bbefc1d79f0f46b9b0856636b8d3870ffd9560787bd41d42d2595d59b92dfae5 One source &#;says Team Trump is still annoyed that Twitter nixed the idea of a #CrookedHillary hashtag emoji during the campaign, but Trump spokesman Sean Spicer said the invite list already was fairly large, and&#;"the conference table was only so big." And while tech royalty&#;chatted with Donald,&#; http://click.e.usatoday.com/?qs=5c8b572edcce21365d717d115123642b2c8c185a97ffedc460bb10fbabc351f5e73b7208ea38138f tech workers had their own message for him : We won’t help build a Muslim database. “We refuse to build a database of people based on their Constitutionally-protected religious beliefs," read an open letter to Trump signed by 600 employees of tech companies, including those at Google and Twitter.&#;"We refuse to facilitate mass deportations of people the government believes to be undesirable." Trump floated the idea of a Muslim registry during the campaign, but since his election hasn’t made a formal request to the tech world. Facebook issued a clarifying statement Wednesday, saying, “No one has asked us to build a Muslim registry, and of course we would not do so." Fed: up As everyone expected ( http://click.e.usatoday.com/?qs=5c8b572edcce2136cd4eb95540412ba1b94de87410bb22be8b763f667d33e85a21da5a1c26653440 except investors, it seems ), the&#; http://click.e.usatoday.com/?qs=5c8b572edcce2136adacc15a90b6d06ad686f328b2146ab256661603095e4a4239049cda6d357aff Federal Reserve raised the benchmark federal funds rate &#;from 0.4% to 0.6% on Wednesday, citing a much-improved unemployment rate (4.6%, down from 10% in 2009) and an improved economy overall. The Fed also predicted three more rate hikes next year. Following the announcement, the Dow Jones Industrial Average&#; http://click.e.usatoday.com/?qs=5c8b572edcce2136fabbc9a1a1a669fa05234737dea4bd8942b7cc1c1756a3035daf2d0f9cdc36b8 fell about 120 points , with most investors hoping that borrowing rates would stay rock-bottom cheap for the foreseeable future. “Our decision to raise rates should certainly be understood as reflecting the confidence we have in the progress the economy has made and our judgement that will continue," Fed Chair&#;Janet Yellen&#;said at a news conference. But won’t this rate hike hurt consumers and the economy?&#; http://click.e.usatoday.com/?qs=5c8b572edcce2136c68fcd4f5e373b4cbc387d886be032c0cdf9a0227c67337f294f588952b23034 Eh, it depends. &#;Higher rates translate to higher borrowing costs for homebuyers, car buyers, entrepreneurs and business owners looking to expand operations. But higher rates also encourage households to put more into savings, and will also discourage housing speculation and high-risk buyers from creating another housing bubble. (Remember back in 2007 when&#;your 6-year-old nephew got a loan to buy a beach house? Fun times.) And oddly enough, it possibly could result in more business and home loans in the short term, because banks will see more of an incentive to take a risk on whatever absurd business plan you’ve hatched. And in case you’re wondering: No, Donald Trump won’t get to nominate a replacement for Janet Yellen in January; the Fed is set up to operate more or less independently of presidential administrations. Her four-year term runs through 2018. That doesn’t mean Trump isn’t already building a short list&#; http://click.e.usatoday.com/?qs=5c8b572edcce21364dddf36fa07105b4929dbdbbe75a7c74ce235efa60e2eb8e27f0599a2e262b6e for her eventual replacement , though. Palace coup sign-up sheet still mostly blank With just four days left,&#; http://click.e.usatoday.com/?qs=5c8b572edcce2136cb496bcbfe1f76eb341305f890642f46d1f475ea66965da05eacff1eb8dffa2d the groups hoping to challenge Trump’s election &#;in the Electoral College are still a few dozen votes shy of overturning the election. Sure, there are quite a few people on board who are willing to vote against Trump, but those are the Democrats, and they already weren’t going to vote for him. &#";Electors were given the responsibility by our Founders to vote for whoever will be the best person for the job as President," said Democracy Spring organizer Tania Maduro. “Electoral College, only you can save us.&#"; A coalition of groups plans to protest&#; http://click.e.usatoday.com/?qs=5c8b572edcce21366ab734e9897d7e59fac3b19b42146fd2e3137f463cd4fa6eb57032fae1a20bf3 in every state capital on Monday &#;as electors meet to cast their ballots. A quick recap: Per the Constitution, state electors have the ability to vote for whoever they wish when the Electoral College, instead of who the voters in their state selected. ( http://click.e.usatoday.com/?qs=5c8b572edcce21365d9726e0233baca16173aa90121d423a7ec850e4d61b389863509026a2a3ddb1 Per a federal judge, no they don’t. ) It’s going to take a pretty intense effort to convince Republican electors to rewrite our president-electing process on the fly, and time is running out. More from the transition – NYPD arrest Muslim woman who claimed attack by Trump supporters ( http://click.e.usatoday.com/?qs=5c8b572edcce2136d95ebd0c3f0c560006281b8a1ea205f328a4a11546fe01790791f8e2505326c2 USA TODAY ) – Six companies announced plans in 2016 to move jobs to Mexico, and Trump has already talked to two of them ( http://click.e.usatoday.com/?qs=5c8b572edcce2136a5987209f04e27ed387cddb42990ff331ff4c2a4284b79b3cd817a996882b869 USA TODAY Money ) – How often does Trump get intel briefings? Trump: ‘Not every day.’&#;Trump spokesman: ‘At least once a day’&#;( http://click.e.usatoday.com/?qs=5c8b572edcce2136c8e3d74bd63db4e61abd7a81da0d0edee7a0617abadf2c8ce6023d76e982ea58 USA TODAY OnPolitics ) – Trump wins over Hall-of-Fame running back (and Clinton voter) Jim Brown after meeting with him Tuesday ( http://click.e.usatoday.com/?qs=5c8b572edcce213688c59eb4ff657c6aa7391f2badf0c046294922c4c0ed88a0166fd7862c3eb57c USA TODAY ) – Trump has not won over director Michael Moore, though ( http://click.e.usatoday.com/?qs=5c8b572edcce2136888c3bbe267d16658468d826743ab02bf321dfbebaec8db3e75754e43f316f62 USA TODAY ) – Florida wants to host the next squadron of F-35s. You know, the jinxed fighter jet program&#;that&#;Trump has vowed to cancel&#;( http://click.e.usatoday.com/?qs=5c8b572edcce2136b10342cf5ac41a0d0a64a84ae7dd2e514984d62a742e0dae85a75274973dfc62 Tallahassee Democrat ) – Arizona, which already hosts F-35s, is a bit curious to&#;see how this thing plays out ( http://click.e.usatoday.com/?qs=5c8b572edcce213656dace865886fd9ba09700317bce11a3200bcdeae52bf576ca261a4d67019651 Arizona Republic ) – Hotel contract says Trump can only have one address on Pennsylvania Avenue ( http://click.e.usatoday.com/?qs=5c8b572edcce2136e507cdb6a4643b820834313731a500e02f86727f2dc6aad2c136618914c71790 USA TODAY OnPolitics ) http://click.e.usatoday.com/?qs=5c8b572edcce2136628bb825773b5cdcc5f0fb4b9b4e34d832018a7df7d98597db77f6eda929b26c Santa’s sleigh rolls coal http://click.e.usatoday.com/?qs=5c8b572edcce2136672688dabac28a60507a7033af2d104d1e2fbebd71df50ee2b5aaa83c24279af Santa voted to Make America Great Again, apparently. &#;Santa needs a revitalized coal industry so he has something to put in the stockings of bad kids — for example, kids who think tiny&#;saplings should be chopped down for&#;Christmas decorations. 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