STIMULUS WAR: How The New Working Class Can Save Trump From COVID | WALL STREET MEETS WASHINGTON EP. 15
Daily Caller White House correspondent Christian Datoc sits down with Wall Street guru and CEO of Farvahar Partners Omeed Malik every Friday for a new episode of “WALL STREET MEETS WASHINGTON.” It’s the only show that breaks down the beltway’s economic updates for both financial VIPs and everyday Americans looking for market tips.
Whether you’re a fan of his politics or not, it’s clear that President Donald Trump’s administration made serious mistakes with how they handled the coronavirus pandemic. It’s not too late for Trump to salvage the situation ahead of the 2020 election in November, but he’s going to need a major boost from the new working class. (RELATED: ‘Find Something New’ — White House Partners With Apple, IBM To Promote Skills-Based Careers)
This week, Datoc and Malik did a deep dive on the ongoing civil war over how to deliver another round of COVID-19 stimulus spending currently waging within the White House. Should Congress authorize a payroll tax cut or extend unemployment insurance for a second round, and which administration officials are backing each proposal?
Omeed also gave us a little primer on investment banking and explained why JP Morgan and company posted absolutely monstrous revenue numbers for Q2, all while the real economy is flagging. Next, Datoc broke down what Trump’s surprise green light of CIA cyber attacks means for our nation’s enemies and allies.
Finally, the guys took a look at the Department of Homeland Security’s (DHS) rollercoaster week. DHS walked away from its standoff with Harvard and MIT over foreign students with egg on its face, and Border Patrol’s action in Portland didn’t exactly ease the situation. Still, DHS is exposing yet again just how little some of our political elites care about their citizens.
Don’t forget to check out last week’s episode if you haven’t already!
“Omeed Malik is the Founder and CEO of Farvahar Partners, a boutique merchant bank and broker/dealer which invests partner capital into growth businesses and acts as a liquidity provider of private placements on behalf of companies and institutional investors. The Firm also offers advisory, investment banking and capital raising services to its clients.
Prior to starting his own firm, Omeed was a Managing Director and the Global Head of the Hedge Fund Advisory Business at Bank of America Merrill Lynch. Omeed was also the founder and head of the Emerging Manager Program within the Global Equities business. In this capacity, Omeed was charged with selecting both established and new hedge funds for the firm to partner with and oversaw the allocation of financing/prime brokerage, capital strategy, business consulting and talent introduction resources.
Before joining Bank of America Merrill Lynch, Omeed was a Senior Vice President at MF Global where he helped reorganize the firm’s distribution platform globally and developed execution and clearing relationships with institutional clients.
An experienced financial services professional and securities attorney, Omeed was a corporate lawyer at Weil, Gotshal & Manges LLP working on transactional matters in the capital markets, corporate governance, private equity and bankruptcy fields.
Omeed has also worked in the United States Senate and House of Representatives. Omeed received a JD, with Honors, from Emory Law School (where he serves on the Alumni Board) and a BA in Philosophy and Political Science, Cum Laude, from Colgate University.
Omeed is a Term Member of the Council on Foreign Relations, a Centennial Society Member of the Economic Club of New York and a Chairman’s Circle Member of the Milken Institute.”