>> This is a really world class group.>> If you're not at the table you might be on the menu. That's what some names on President Trump's business council may be thinking. I'm Andy Sullivan in Washington where top executives from Wall Street in big business are meeting with Trump to talk about job creation.
This despite widespread unease and even outrage in some executive suites over Trumps new immigration restrictions. Those prompting Uber CEO Travis Kalanick to drop out of the group, while others saying it's better to keep the lines of communication open with the new president so they can tell him what they like and what they don't.
Trumps travel crack down fueling worries that it could cut off access to talent. After a Cleveland Clinic employee was denied entry into the United States, hundreds of doctors and nurses urging their boss CEO Toby Cosgrove to cut off all ties to the White House. Yet he's in the room along with Tesla Motors CEO Elon Musk who says he is going to register his objections about the immigration plan in person.
Silicon valley especially chaffing under Trump's immigration restrictions. Other CEOs on the council like Jamie Dimon of JP Morgan Chase and Mary Barra of General Motors remaining silent on immigration even as their competitors speak out against the plan. Disney CEO Bob Iger bowing out saying he had a previously scheduled board meeting, but he also has immense business interest in the Middle East to keep in mind.
But there's also plenty for these executives to like, Trump kicking off the meeting by saying the auto industry has been suffering from too many regulations that's sure to please Detroit. Wall Street also is gonna be happy with his plans to roll back the Dodd Frank financial regulations. Other issues are more thorny, pitting members of the group against each other.
Exporters like General Electric and Boeing are backing a Republican plan to tax imports while retailers like Walmart oppose it.