If Apollo CEO Marc Rowan is tapped for Treasury, it could mean a boon for $24 trillion private equity market

Contributing sentiments towards policy:

63% : The Times reported Trump is impressed with Apollo's CEO, who has been outspoken in his support of Israel and other Trump positions.
55% : He was selected on the expectation he would cut regulations, and after departing the position went onto sign a number of lucrative deals including a 5.5% stake in Lionsgate and a 7.7% stake in New York Community Bancorp.Other candidates for Trump's new Treasury secretary include former Federal Reserve governor Kevin Warsh and Howard Lutnick, the CEO of Cantor Fitzgerald whose enthusiasm for the job is reportedly rubbing Trump the wrong way.
54% : The wealth obsessed Trump is likely impressed by Rowan's estimated $8.6 billion fortune, and by Rowan and his wife, Carolyn, reportedly having donated $1 million to Trump's 2020 election bid.
42% : Last week Trump appointed Rowan's fellow Apollo board member and former SEC chair, Jay Clayton, as the U.S. attorney for the powerful Southern District of New York, which is known for prosecuting white collar crime.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.