Trump speaks with Apple CEO Tim Cook, teases US investment
2025-01-20
Category: economic

President-elect Trump on the eve of his inauguration says he spoke with Apple CEO Tim Cook and teased a potential move by the world&#x2019;s most valuable company. &quot;I spoke with Tim Cook of Apple. He said they&apos;re going to make a massive investment in the United States because of our big election win,&quot; he said during his Make America Great Again Victory Rally on Sunday in Washington D.C.&#xA0;  Apple did not immediately respond to FOX Business&#x2019; request for comment.&#xA0;  This wouldn&apos;t be the first time the two have worked together. In 2019, during Trump&apos;s first term, Cook was a member of the American Workforce Policy Advisory Board.&#xA0;  Since winning the electoral and popular vote on Nov. 5, Trump has secured two major investments in the U.S. First, SoftBank is promising $100 billion to create 100,000 jobs.&#xA0; &quot;This historic investment is a monumental demonstration of confidence in America&apos;s future. And it will help ensure that&#xA0;artificial intelligence,&#xA0;emerging technologies and other industries of tomorrow are built, created and grown right here in the USA,&quot; Trump announced in December.  The second is a $20 billion commitment from DAMAC to build data centers.&#xA0; WHAT TO KNOW ABOUT DAMAC? &quot;I&apos;m thrilled to announce today that DAMAC will be investing at least $20 billion over a very short period of time into the United States, and they may go double or even somewhat more than double that amount of money. That&apos;s a great thing,&quot; Trump said. The first phase of the&#xA0;data center&#xA0;project will be in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana, Trump said. Since the election, many CEOs have broken bread with Trump at his Mar-a-Lago home in Florida, including Meta&apos;s Mark Zuckerberg, Google&apos;s Sundar Pichai and Walmart&apos;s Doug McMillion.&#xA0; WALMART CEO MET WITH TRUMP, TALKED POLICIES, ECONOMY Trump also spoke of rising optimism in the economy, small business confidence at a 39-year-high and the stock market. Since his win, the S&amp;P 500 has advanced nearly 4%, the Dow Jones Industrial 3% and the Nasdaq Composite 6%.&#xA0; He also noted Bitcoin&apos;s run. The largest crypto by market value is trading north of $100,000 as of Sunday evening.&#xA0;  As for Apple, its shares have advanced more than 20% during the past 12 months and recently flirted with a valuation of $4 trillion before pulling back from that milestone. TECH LEADERS BEZOS, ZUCKERBERG, COOK, PICHAI LOOK FOR FACE TIME WITH TRUMP&#xA0;  FOX Business&apos; Eric Revell and Fox News&apos; Greg Norman contributed to this report.