WASHINGTON (April 12): President Donald Trump told a group of chief executives on Tuesday that his administration was revamping the Wall Street reform law known as Dodd-Frank and might eliminate the rules and replace them with "something else." But we're doing a major elimination of the horrendous Dodd-Frank regulations, keeping some obviously, but getting rid of many," he said. Congressional action on a Wall Street bill is not expected in the near term, as Congress focuses primarily on healthcare and tax reform. Participants in Tuesday's meeting included Rich Lesser, chief executive of Boston Consulting Group; Doug McMillon, chief executive of Wal-Mart Stores Inc; Indra Nooyi, chief executive of PepsiCo; Jim McNerney, former chief executive of Boeing Co; Ginni Rometty, chief executive of IBM; and Jack Welch, former chairman of General Electric Co. And we're going to have some very pleasant surprises for you on NAFTA, that I can tell you," he said.

Source: The Edge Markets April 11, 2017 22:30 UTC