“In President-elect Donald J. Trump’s newly named kitchen cabinet of business advisers, Wall Street is in. Silicon Valley is out,” Michael J. de la Merced reports for The New York Times.Mr. Trump has named 16 business leaders to serve on what’s being called the President’s Strategic and Policy Forum, described as a group meant to guide his administration on economic matters.”

“The list echoes Mr. Trump’s picks for a number of major economic positions, including Treasury secretary (the former Goldman Sachs partner and hedge fund manager Steven T. Mnuchin) and commerce secretary (the billionaire investor Wilbur L. Ross),” de la Merced reports. “Given his long experience as a New York real estate investor, Mr. Trump’s selections may not come as a surprise.”

“It is a bipartisan list, nonetheless, with a number of members who traditionally have favored Democratic candidates, including Laurence D. Fink of the asset management colossus BlackRock, Mary T. Barra of General Motors and Robert Iger of Walt Disney,” de la Merced reports.

U.S. President-elect Donald Trump

U.S. President-elect Donald Trump

“‘This forum brings together C.E.O.s and business leaders who know what it takes to create jobs and drive economic growth,’ Mr. Trump said in a statement. ‘My administration is committed to drawing on private sector expertise.’ The group is expected to meet with Mr. Trump monthly. The first meeting will be at the White House in early February.”

“Aside from Virginia M. Rometty of IBM, there is hardly any representation of technology companies, and certainly none from Silicon Valley,” de la Merced reports. “Perhaps that’s unsurprising, given Mr. Trump’s slim public support in the Bay Area… Indeed, many Silicon Valley luminaries have opposed Mr. Trump since the presidential campaign. Eric Schmidt, the executive chairman of Google’s parent company, Alphabet, was an enthusiastic supporter of both Mr. Obama and Mrs. Clinton.”

Read more in the full article here.

MacDailyNews Take: The price of putting all of your eggs in the wrong basket.

We bet Tim Cook is glad today that he hosted that GOP fundraiser with House Speaker Paul Ryan back in June.

Goldman Sachs: Trump presidency will benefit stocks in nearly every sector – November 30, 2016
Apple: The Trump Effect – November 29, 2016
President-elect Trump tells Apple CEO Tim Cook that he’d like to see Apple make products in the U.S. – November 23, 2016
President-elect Trump says Apple CEO Tim Cook called him after election victory – November 22, 2016
Under President Trump, Obama ally Google may face policy setbacks, including roll back of so-called ‘net neutrality’ rules – November 18, 2016
Apple could make iPhones in the U.S.A. under President Trump, sources say – November 17, 2016
What Apple could look like under President Trump – November 15, 2016
Just like Steve Jobs, president-elect Trump to take just $1 in annual salary – November 14, 2016
Morgan Stanley: Apple stands to benefit the most from President Trump’s corporate tax plans – November 11, 2016
Apple CEO Tim Cook smartly maintained ties to GOP ahead of Trump victory – November 9, 2016
Silicon Valley donated 60 times more to Clinton than to Trump – November 7, 2016
Apple CEO Tim Cook and the rest of Silicon Valley throw big money at Clinton and pretty much bupkis at Trump – August 23, 2016
Apple CEO Tim Cook presses for U.S. corporate tax reform, says no repatriation without fair rate – August 15, 2016
Donald Trump plan calls for cuts in corporate taxes, personal income tax rates – August 9, 2016
Apple CEO Tim Cook has billions of reasons to raise money for the GOP – June 29, 2016
Nancy Pelosi blasts Apple CEO Tim Cook for hosting GOP fundraiser – June 28, 2016
Apple CEO Cook to host Paul Ryan fundraiser as company tries to strengthen relationships with key Republicans – June 20, 2016
Apple refuses to aid 2016 GOP presidential convention over Trump comments – June 18, 2016