Donald Trump has had a fraught relationship with Silicon Valley – plenty of tech's heaviest hitters voted the other way in the November election. But each side needs the other; Trump needs those companies at work in the economy, and he needs them to repatriate the multibillion-dollar cash hoard they have parked offshore.
On the other hand, Silicon Valley needs a deep pool of highly educated talent, and it wants to recruit both here in the United States and worldwide through the H1B visa system. It's concerned Trump's immigration policies might throttle that talent pipeline.
So the two sides are talking. Chiefs like Tim Cook, Larry Page, Satya Nadella, and Sheryl Sandberg have all met Trump in New York, and there are more meetings scheduled.
Investors love that the two sides are talking, but our Chief Investment Strategist, Keith Fitz-Gerald, cautions that not every big tech company will see the same benefit from this silicon détente. Some are smarter buys than others; some may lose out in the new administration. This is what he had to say to FOX Business' "Varney & Co."
Under the watchful eye of Congress, the government will soon be implementing a controversial plan that threatens the retirement of millions of Americans. And they're using an obscure loophole buried in Title 29 of the U.S. Labor Code to do it. If you have a 401(k), IRA, or any type of retirement account, this could cause you to miss out on $68,870 or more. Keith has the full story…