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    Musk, Trump, A.I. and Other DealBook Summit Highlights

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    The economy, inflation, tariffs, the future of media, pardon politics and other big topics that made headlines this year.Jeff Bezos was cautiously optimistic that President-elect Donald Trump would be more measured in his second term.Michael M. Santiago/Getty ImagesFour takeaways from the DealBook Summit The U.S. election dominated the news agenda this year, and the two people at the center of Donald Trump’s win came up in nearly every conversation yesterday at the DealBook Summit. The president-elect and Elon Musk may not have been in the room, but questions about how they will shape business and politics were front and center.The general view of the day was cautious optimism, even among those who had publicly criticized Trump and Musk — or been targeted by them.But many questions remain. What will Trump and Musk mean for government, business and the economy? Will they succeed in cutting regulation and government spending? And will they go after their perceived enemies and rivals?Here are four big themes from this year’s event.What will happen with the economy?Most of the speakers were willing to give Trump the benefit of the doubt, or at least played down worries about his most disruptive policy ideas.Jay Powell, the Fed chair, addressed one of the biggest questions hanging over the next administration: Will the president-elect go after the central bank’s independence? No, Powell said emphatically. The Fed, he said, was created by Congress and its autonomy is “the law of the land.”“There is very, very broad support for that set of ideas in Congress in both political parties, on both sides of the Hill, and that’s what really matters,” he said.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      The Biggest Takeaways From the DealBook Summit With Jeff Bezos, Sam Altman and More

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      Serena Williams, Jerome H. Powell, Jeff Bezos and other leaders across business and technology discussed artificial intelligence, inflation, the media and what the world would look like under a second Donald J. Trump presidency.Mr. Bezos, for one, thinks the president-elect has “a good chance of succeeding.”Elon Musk wasn’t in the room, but he was present throughout at the DealBook Summit. The speakers were largely optimistic about his efforts in the new administration.The event, hosted by Andrew Ross Sorkin, founder of DealBook, has taken place since 2011.Here are five main themes:Inflation is still an issue, but there’s a chance for growth.Jerome H. Powell, the chair of the Federal Reserve, said the economy was in a “very good place.” Inflation has come down, and the labor market has rebounded. The big takeaway for investors: The central bank can afford to be more cautious when it considers lowering interest rates, Mr. Powell said. (The next Fed meeting will be Dec. 17-18.)Ken Griffin, the billionaire founder of the hedge fund Citadel and a top donor to the Republican Party, placed the blame for inflation squarely on the Biden administration, which, he argued, “put this country on an inflationary path that was unprecedented in our lifetime.” Mr. Powell has “had to deal with cleaning up the mess,” he added.Former President Bill Clinton said inflation was the “fundamental problem” that helped Mr. Trump return to the White House.“The average person had not really lived through something like this for 40 years, since the ’70s,” Mr. Clinton said.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      2023 DealBook Summit Concluded With an Elon Musk Discussion

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      In a wide-ranging interview last year with Andrew Ross Sorkin of The New York Times, Elon Musk opened up about his demons, passions, what drives him and what bugs him.Amir Hamja/The New York TimesThe 2023 DealBook Summit concluded with an interview of Elon Musk that caught even Andrew Ross Sorkin off guard. In a 90-minute conversation, the divisive billionaire didn’t hold back.Mr. Musk accused advertisers that had pulled their money from X, following his endorsement of an antisemitic conspiracy theory, of trying to “blackmail” him. He used an expletive multiple times to emphasize his point. Mr. Musk also shared his concerns about the rapid-fire development of artificial intelligence and OpenAI, the chatbot maker he had co-founded and later left over philosophical differences. That feud has since grown into one of the tech world’s most closely watched lawsuits.Mr. Musk opened up about his demons, his passions, what drives him and what bugs him. He said he wouldn’t vote to re-elect President Biden, but he also expressed misgivings about Donald J. Trump.The world knows what happened next: He became Mr. Trump’s biggest supporter, helping and bankrolling him to victory last month in the race for the White House.Since 2012, the DealBook Summit has brought together the biggest newsmakers in business, policy and culture to speak candidly about the global economy and the forces shaping it. Prominent interviewees have included the Microsoft co-founder Bill Gates, the former Secretary of State Hillary Rodham Clinton and the entrepreneur and social media influencer Kim Kardashian.The one-day conference has also featured interviews with Sam Bankman-Fried, the fallen crypto executive convicted of masterminding one of the biggest business frauds of recent times, as well as Treasury Secretary Janet Yellen and BlackRock’s chief executive, Larry Fink. More

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      Mike Pence Plays to the G.O.P. Base From a Times Stage

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      Mr. Pence, while promoting his new book at the DealBook Summit, frowned upon the idea of the Justice Department’s taking action against his former boss.Former Vice President Mike Pence said that he hoped Elon Musk would “create a level playing field” on Twitter that doesn’t censor users.Hiroko Masuike/The New York TimesNEW YORK — Former Vice President Mike Pence leaned into Republican talking points on Wednesday about Elon Musk and Disney while walking a familiar fine line on his former boss, delivering a message seemingly geared toward conservatives who will decide whether he is a viable presidential contender in 2024.Appearing at The Times’s DealBook Summit in New York, Mr. Pence was repeatedly pressed by Andrew Ross Sorkin, the founder of DealBook, to talk about the Jan. 6, 2021, attack on the U.S. Capitol and the character of former President Donald J. Trump. He demurred.Even as he repeated his belief that Mr. Trump is not an antisemite, he again condemned Mr. Trump for hosting Nick Fuentes, an outspoken antisemite and racist, at a recent dinner.“President Trump was wrong to give a white nationalist, a Holocaust denier, a seat at the table,” Mr. Pence said.He defended the role he had played on Jan. 6, when Mr. Trump’s supporters called for his hanging after he had refused to overturn the election of Joseph R. Biden Jr. as president.And he said that he had never seen “evidence of widespread fraud that would change the outcome” of the 2020 presidential election.When asked whether Mr. Trump should face an indictment by the Justice Department, he frowned on the scenario.“I’m not sure that taking bad advice from lawyers is a violation of criminal law,” he said. “We see too many cases in third world countries where the incoming administration prosecutes a prior administration. That is not an image I want to resonate for the United States.”He also doubled down on comments he made earlier in the day during a Fox News appearance about Mr. Musk, saying he had faith in Mr. Musk’s overhaul of Twitter and its content guidelines, which had led the company under its previous ownership to banish Mr. Trump after the Jan. 6 attack.Mr. Pence, who is weighing a run for president, took a swipe at Disney during his remarks as well. He sought to correlate its stock losses and a recent executive shake-up with the company’s criticism of Florida’s “Don’t Say Gay” bill. The measure prohibits classroom instruction about sexual orientation and gender identity in some elementary school grades.“I think Bob Iger’s recent statements, coming into lead Disney again, prove that the antidote to woke America is America,” he said, referring to Mr. Iger’s return as Disney’s chief executive.He also mentioned his new book, “So Help Me God,” no fewer than seven times — enough to make it a punchline.“As you can tell, if I haven’t mentioned, I have a book,” Mr. Pence joked.“We got that,” Mr. Sorkin said. “We are good.”Mr. Pence underlined, as he often had before, that he was proud of the work done by the Trump administration. But, he noted, “It obviously didn’t end well.” More