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Business

Trump fundraisers try to win over Wall Street's wealthy

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Opening sequence

Business

Trump fundraisers try to win over Wall Street's wealthy

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COMING UP:Trump fundraisers try to win over Wall Street's wealthy

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Transcript

00:00:00
>> I'm self-funding my campaign. Take a look at Hillary, the money. Take a look at where she's getting that money.>> Despite his repeated bragging, Donald Trump's fundraisers are now trying to get some of the world's wealthiest and most powerful investors to come on his side. Supporters of the presumptive Republican presidential nominee are going hat in hand to an annual prominent gather of the hedge fund industry hoping to raise some of the billion dollars Trump's going to need for his general election Election campaign.
00:00:29
The host of the conference is doing double duty as fundraiser and chief says Reuters hedge fund reporter Lawrence Delevang.>> Anthony Scaramuchi, the head of Skybridge Capital, that puts on the Salt Conference is meeting with people and he helped arrange for Stephen Nuchen, the campaign finance chair for Trump, to fly in yesterday and meet with some other prospective donors.
00:00:51
Whether or not the lineup is unclear, there are certainly some supporters in the room. Scaramuchi, who is known in the hedge fund world as a long time Republican fundraiser. Trump is also getting a lot of love from T Boone Pickens, the big time oil investor and hedge fund manager says it will be refreshing to have a businessman instead of a politician in the White House.
00:01:13
A view fundraisers hope, will win over the industry.>> Trump is being pitched in Las Vegas as an entrepreneur that everyone can get behind. He will bring a needed shake-up to Washington and it's certainly better than any of the Democratic alternatives.>> But, not all of Wall Street's rich and powerful are buying what Trump's team is selling.
00:01:31
He has said he wants to make changes to the tax law that would basically double taxes on hedge fund income overnight. That can't be going on over well with an industry already in the midst of a slump.