Emotions can be like a roller coaster, but everyone's account balance is not doing well 🙅.
Written by: Zhang Yaqi, Wall Street Journal
While Wall Street is still digesting the shockwaves from the public fallout between "Trump and Musk," the White House has quietly initiated crisis management—arranging for Trump to speak with Musk tonight. Advisors suggested that Trump focus on pushing the "Great Beautiful" bill through the Senate rather than on the conflict with Musk.
As Wall Street is still processing the public fallout between "Trump and Musk," the White House has quietly initiated crisis management—a phone call scheduled for Friday, will it achieve a "century reconciliation" between the two?
Last night, the American political stage witnessed a dramatic 180-degree turn. On the same day that Musk launched a barrage against Trump's "Great Beautiful Bill," the U.S. President appeared calm during an interview with overseas media.
"Oh, it's fine," Trump said today during a media phone interview when discussing the public split with his former mega-donor, "Everything is going smoothly, never been better." He then began to boast about his approval ratings, claiming, "The numbers are off the charts, this is my highest poll ever."
This nonchalant attitude sharply contrasts with the intense exchanges the two had on social media just hours earlier. More importantly, Trump's aides have arranged for the President to speak with Musk tonight, attempting to mediate a peace.
Wall Street Tycoons Urgently Extinguish the Fire
When the feud between the two most powerful men in the world threatens a legislative process involving trillions of dollars, heavyweight figures in finance can no longer sit idly by. Hedge fund manager Bill Ackman was the first to call for a ceasefire on the X platform.
"I support Trump and Musk; they should reconcile for the sake of our great country."
Musk's response was intriguing: "You are right."
Netizen Alaska advised both to calm down and take a step back. Musk responded: Good suggestion, I won't let the Dragon spacecraft retire.
This subtle statement was interpreted by the market as a positive signal for reconciliation, indicating Musk's openness to easing tensions. Notable media personality Joe Weisenthal remarked that a small account with only 184 followers "facilitated the reconciliation of the two most powerful people in the world."
Will the Feud Come to an End?
According to media reports citing sources close to the White House, Trump's aides have been persuading the President to tone down his public criticism of Musk to avoid further escalation. This effort bore fruit on Thursday—Trump noticeably restrained his language on his Truth Social platform.
"I don't mind Elon opposing me, but he should have done it months ago," Trump wrote, then shifted to emphasize the importance of the bill:
"This is one of the greatest bills submitted to Congress."
White House aides suggested that Trump focus on pushing the bill through the Senate rather than on the conflict with Musk.
The core of this dispute revolves around Trump's "Great Beautiful Bill"—a piece of legislation that integrates the President's core agenda, covering everything from tax cuts to immigration enforcement. Musk has expressed strong dissatisfaction with the projected $2.4 trillion deficit increase associated with the bill, and this disagreement directly triggered their public confrontation.
As the bill faces a crucial vote in the Senate, any political noise that could affect its passage is seen as an unbearable risk. This phone call on Friday may determine whether this ambitious legislation can proceed smoothly and whether the personal feud between the two business titans will yield to larger political realities.
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