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Politico Morning Money: Wall Street invades Philly

WALL STREET INVADES PHILLY — POLITICO’s Ben White: “Wall Street is taking the Acela down to Philadelphia this week. Hordes of industry executives will descend on the city to celebrate Hillary Clinton’s nomination for president and renew close associations that vexed the Democratic standard-bearer throughout her primary battle with Bernie Sanders. “Goldman Sachs, which paid Clinton millions for private speeches, will be well represented in Philadelphia … Blackstone, one of the nation’s largest private equity firms, will hold an official reception in Philadelphia on Thursday featuring its president, Tony James, sometimes mentioned as a possible Treasury Secretary in a Clinton administration.…

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Better Markets’ Dennis Kelleher emails: “He's not going to fire anyone up, but smart safe choice of a really well liked, high quality guy with good values. He'll have some work to do on the key issues, but I believe he'll do it effectively and win over those who have doubts or concerns.”
 

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To read the full Politico Morning Money by Ben White click here.

 

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