President-elect Donald Trump named former professional wrestling executive Linda McMahon as his pick to lead the Small Business Administration. "My America First agenda is going to bring back our jobs and roll back the burdensome regulations that are hurting our middle-class workers and small businesses. To help push our agenda forward, I am pleased to nominate Linda McMahon as the head of the Small Business Administration," Trump said in a statement announcing the pick. "Linda has a tremendous background and is widely recognized as one of the country’s top female executives advising businesses around the globe."
Analysis - ABC's RICK KLEIN
The president's business is the nation's business, and that makes the president-elect's actions everyone's concerns. Just a layer beneath the excitement surrounding Donald Trump's early (and self-proclaimed) apparent successes in keeping jobs and encouraging investment rest some downright scary implications for the business community, not to mention US foreign relations. We can't yet know Trump's reasoning for waking up on a Tuesday morning in early December to threaten Boeing with the loss of its Air Force Once contract. But the fact that it came within hours of Boeing's CEO being quoted chiding Trump for his trade agenda should concern the business and political communities. Ditto the almost-presidential seal of approval Trump put on the Carrier decision last week and SoftBank's announcement Tuesday of a major American investment. These are major American corporations, with billions of dollars of interests that intersect with multiple sectors of the federal government, and with complex global relationships. Trump is Tweeting through all of that – with no indication, yet, that his actions are tied in with a broader strategy.
As President-elect Donald Trump puts together his White House team and makes his cabinet picks, he's tapped governors, business executives and retired military officers, but there's one group largely absent from the President-elect's appointments so far: long-time Trump loyalists. With the exception of Sen. Jeff Sessions, R-Alabama, who supported Trump early and landed the nomination for attorney general, Trump's most high-profile political supporters during the campaign -- Chris Christie, Rudy Giuliani and Newt Gingrich -- are all, at least for now, without any known role in the incoming Trump administration. The same is true for those who ran Trump's campaign during the first months of the Republican primary. Until Trump started winning primaries, his campaign was run by a small band of dedicated loyalists. So far, none of them have been publicly offered jobs in the administration. MORE: http://abcn.ws/2gBNvrt
Donald Trump is known for airing his grievances and musings on Twitter, but now his opinions seem to be directly impacting the U.S. stock market and investors. The most recent example came this morning after the president-elect said that he wants to reduce drug prices in his interview with Time magazine, which named him "Person of the Year." Trump was asked about the rise in biotech stocks following his electoral victory. “I’m going to bring down drug prices. I don’t like what has happened with drug prices," he told Time.
A month after the election, the nation remains divided over President-elect Donald Trump, a new poll shows. His favorability rating sits at 50 percent, according to a national Bloomberg poll out today. Just 37 percent of Americans polled believe the country is heading in the right direction, while 49 percent feel that the country is heading in the wrong direction. The poll, conducted Dec. 2 through 5, also shows that 55 percent are more optimistic about a Trump presidency from his actions and statements since Election Day, while 35 percent are more pessimistic about the prospect of Trump in the White House.
Just four blocks down Pennsylvania Avenue from the White House, diplomats from oil-rich Bahrain entertained guests in a lavish ballroom at the Trump International Hotel Wednesday, an event that critics said embodied growing concerns about foreign leaders booking Trump properties to try and curry favor with the next American president.
After the son of Donald Trump's pick for national security adviser, retired Lt. Gen. Michael Flynn, was forced out of the transition team’s efforts over a fake news story that the younger Flynn pushed on Twitter, two Trump transition officials told ABC News earlier this week the decision to dismiss Michael G. Flynn came from Trump himself. The son is accused of pushing the hoax conspiracy theory "Pizzagate" in a flood of tweets Sunday and Monday, prompted by an incident involving gunfire at a Washington, D.C., pizzeria. The younger Flynn is "no longer involved with the transition efforts,” Trump team spokesman Jason Miller said earlier this week. But Trump has himself promoted untruths or unsubstantiated claims via social media and on the campaign trail.