• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

2

Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?

3

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

1

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

2

Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?

3

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
Leadership

Donald Trump Touts His Urban Policy After Detour to Open a New Hotel

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
October 27, 2016, 6:52 AM ET
Republican presidential candidate Donald Trump speaks during a rally at the Antique Car Museum property on October 25, 2016 in Tallahassee, Florida.
Photograph by Mark Wallheiser—Getty Images

Republican presidential candidate Donald Trump, in an appeal on Wednesday to African-Americans and working-class voters, promised “21st century” banking industry reforms and tax changes to spur job creation and investment in blighted communities.

Delivering an urban policy speech two weeks before the Nov. 8 election, Trump highlighted his plan to ease access to bank credit for young blacks trying to start businesses and create jobs in their communities.

The New York businessman, who trails Democrat Hillary Clinton in national opinion polls and is struggling to appeal to African-Americans and Latinos, also called for broader tax incentives to spur inner-city investment.

The steps, coupled with efforts to reduce U.S. trade deficits and the outsourcing of jobs abroad, Trump said, would “raise wages at home, meaning rent and bills become instantly more affordable” for the poor.

Trump flew to Charlotte, a major commercial hub in the U.S. South, after attending the formal opening in Washington of a Trump International Hotel just blocks from the White House.

Trump’s detour from the campaign trail to plug his business drew criticism from some fellow Republicans, but the former reality TV star said the project, completed “under budget and ahead of schedule,” showed what he could accomplish if elected president.

 

His Democratic rival, Clinton, said: “Donald Trump is actually paying more attention to his business than to the campaign. That’s his choice, but we’re going to keep working really hard to reach as many voters as possible.”

Speaking to reporters during a flight to New York after campaigning in Florida, Clinton also said the proposed merger of AT&T (T) and Time Warner (TWX) “raises questions and concerns and they should be looked into.”

In Charlotte, Trump provided few details of “21st century Glass-Steagall,” which would build on the 1933 Depression-era law requiring the separation of commercial and investment banking.

Glass-Steagall was repealed in 1999 under then-President Bill Clinton, Hillary Clinton’s husband. The 2008 financial crisis prompted an overhaul of banking rules with the passage in 2010 of “Dodd-Frank” Wall Street reforms that many Republicans have criticized.

“Dodd-Frank has been a disaster, making it harder for small businesses to get the credit they need,” Trump said.

Trump, speaking to a mostly white audience after meeting with black religious leaders, said he would step up the police presence in U.S. cities so that “every poor African-American child” can walk on the streets in safety.

“Safety is a civil right. The problem is not the presence of police but the absence of police,” he said.

Last month, hundreds of demonstrators protested in Charlotte after the release of videos showing the fatal shooting of a black man by police officers.

[fortune-brightcove videoid=5177749554001]

 

Trump ‘Walls Are Collapsing’

While Trump’s speech stuck mainly to policy initiatives, he also got in a jab at Clinton.

“Honestly, she has less energy than Jeb Bush,” Trump said, criticizing Clinton’s stamina and harking back to his charges that Bush, a former rival for the Republican nomination, was “low energy.”

Clinton told reporters that “there was not an ounce of complacency” in her campaign and said that if elected, she would reach out to Republicans and independents, including congressional leaders, “both before the inauguration and to continue afterwards.”

Before Trump’s Charlotte speech, much of Wednesday’s media attention focused on Trump’s appearance at his new, 263-room luxury hotel.

Republican strategist Steve Schmidt, who led 2008 Republican presidential nominee John McCain’s unsuccessful campaign, said the hotel stop was the latest inexplicable act from Trump and atypical behavior for someone trying to win the White House.

“The walls are collapsing,” Schmidt told MSNBC in an interview. “He is not doing any of the normal activities that you’d be doing 13 days out in a presidential race for somebody who’s competitive. You don’t take a time-out to tend to your business interests.”

Trump, making his first run for elected office, often highlights his business accomplishments and has held numerous events at his properties since launching his White House bid last year, including a trip to Scotland to open a refurbished golf resort in June.

Asked after the event why he was in Washington instead of campaigning in a battleground state, Trump told CNN it was “a very rude question” and said he worked hard on the trail every day.

“I can’t take one hour off to cut a ribbon at one of the great hotels of the world? I mean, I think I’m entitled to it,” Trump told ABC News. He said there was a double standard, noting that Clinton was not criticized for taking time to see the singer Adele in concert on Tuesday night.

Clinton campaigned on Wednesday in Florida, where many opinion polls show a tight race.

An average of Florida polls compiled by RealClearPolitics showed Clinton at 46.4% compared with 44.8% for Trump in a race including third-party candidates.

Clinton has a strong lead in the race to secure the 270 Electoral College votes—or tally of wins from the states—needed to capture the White House, according to results from Reuters/Ipsos States of the Nation project released on Saturday.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Wall Street is gaining access to new catastrophe models to help predict wars
BankingWar
Wall Street is gaining access to new catastrophe models to help predict wars
By Gautam Naik and BloombergJune 14, 2026
12 hours ago
People wait outside a building
AIJobs
AI job disruption is here. The problem may be compounded because nearly 75% of people don’t apply for unemployment benefits
By Jacqueline MunisJune 14, 2026
12 hours ago
Photo of Kevin O'Leary
SuccessSteve Jobs
Kevin O’Leary says being liked has nothing to do with success—Steve Jobs taught him: ‘You can’t worry about whose feelings you bruise’
By Emma BurleighJune 14, 2026
12 hours ago
Photo of young woman with a photo of a pizza
SuccessThe Interview Playbook
Gen Z grad landed an internship by wearing her university baseball cap to her pizza joint job. Now she works at Cisco
By Orianna Rosa RoyleJune 14, 2026
12 hours ago
SpaceX went from three consecutive rocket explosions and near-bankruptcy in 2008 to the biggest IPO in history
Startups & VentureSpaceX
SpaceX went from three consecutive rocket explosions and near-bankruptcy in 2008 to the biggest IPO in history
By Marco Quiroz-GutierrezJune 14, 2026
15 hours ago
A 1% mistake costs $10 billion: Inside the impossible math of managing Elon Musk’s trillionaire SpaceX wealth
Personal FinanceElon Musk
A 1% mistake costs $10 billion: Inside the impossible math of managing Elon Musk’s trillionaire SpaceX wealth
By Sydney LakeJune 14, 2026
16 hours ago

Most Popular

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983
Personal Finance
Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983
By John W. Diamond and The ConversationJune 12, 2026
2 days ago
Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?
Economy
Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?
By Nick LichtenbergJune 14, 2026
16 hours ago
CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
Success
CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
By Preston ForeJune 13, 2026
2 days ago
Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole
Energy
Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole
By Jason MaJune 14, 2026
9 hours ago
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
Real Estate
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
By Sydney LakeJune 13, 2026
2 days ago
The Gen Z cofounder of $1.6 billion Whop says his platform has minted over 650 millionaires—he wants to make work fun and money worries obsolete
Success
The Gen Z cofounder of $1.6 billion Whop says his platform has minted over 650 millionaires—he wants to make work fun and money worries obsolete
By Emma BurleighJune 14, 2026
17 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.