Apple (AAPL) CEO Tim Cook, Facebook (FB) COO Sheryl Sandberg and Google-parent Alphabet (GOOGL) co-founder and CEO Larry Page and Executive Chairman Eric Schmidt are among tech industry leaders expected to attend a summit with President-elect Donald Trump on Wednesday, Bloomber and online news site Recode reported Sunday, where U.S. economic growth as well as China, taxes and immigration policies could be on the agenda.
Most tech industry leaders who attend will fly east from Silicon Valley. The meeting is planned at the Trump Tower in Manhattan.
Trump transition advisor Peter Thiel, a PayPal (PYPL) co-founder and now a noted venture capitalist, has also reached out to Microsoft (MSFT) CEO Satya Nadella, and the chief executives of Cisco Systems (CSCO), IBM (IBM), Intel (INTC) and Oracle (ORCL), according to reports. Thiel was by-far Trump's biggest high-level Silicon Valley tech backer, even speaking in a prime spot at the Republican National Convention.
Apple's Cook, Oracle co-CEO Safra Catz and Cisco CEO Chuck Robbins have confirmed they're going, says a Bloomberg report. Tesla (TSLA) CEO Elon Musk also will attend, the Wall Street Journal reported Monday, though Recode on Sunday said Musk was iffy.
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Netflix (NFLX) CEO Reed Hastings, Twitter (TWTR) CEO Jack Dorsey and Uber CEO Travis Kalanick will not be attending and have other plans, said the Recode report.
Recode on Sunday said it wasn't clear if Amazon.com (AMZN) CEO Jeff Bezos would attend, but Yahoo reported Monday that Bezos would attend.
During the Presidential campaign, Trump called Amazon a monopoly and said it benefited from unfair tax advantages. Trump also has feuded with the Washington Post, which is owned individually by Bezos.
Worries that Trump trade policies or future comments over Taiwan could raise tensions with China's government remain a concern of Apple, because of iPhone sales in China.
Google, meanwhile, apparently won't have the same kind of access to top officials at the Trump administration as it did during the Obama administration.
Trump has proposed a one-time tax cut for the repatriation of U.S. companies' corporate profits held overseas, with tax rates falling from 35% to 10%. The top five overseas cash holders are Apple, Microsoft, Google, Cisco and Oracle.
During the Presidential campaign, Trump stated his opposition to the H-1B specialty-occupation non-immigrant visas — a key tool of U.S. tech companies looking outside the U.S. to fill key skilled tech jobs that they say are otherwise tough to fill.
The largest tech stocks, in general, had not joined as much in the stock market rally post-Trump triumph, with sectors such as oil and banks seeing a bigger boost, though the big techs have done better of late. But Apple stock fell 0.57% in the stock market today, while Facebook and Amazon fell 1.6% and 1.1%, respectively.
Apple stock found some support at its 50-day moving average, a key support line, while Facebook and Amazon were facing tests at their 200-day and 10-day lines, respectively.
Netflix stock was flat at 122.83. It has a buy point of 129.40 out of a cup-with-handle base. Google stock fell a small fraction to 807.90, still above its 50-day line after retaking that support level on Friday for the first time since Nov. 10.
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