Insider Today: Preparing for Trump 2.0

Welcome back to our Sunday edition, a roundup of some of our top stories. Former Google lead Andrew Yeung has been dubbed the Gatsby of Silicon Valley. He allotted the coffee chat formula that’s helped him grow his seven-figure tech event business.

On the agenda today:

But in front: What happens next after Donald Trump’s resounding US election victory.

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Preparing for 47

The most valuable presidential election in history is over, and the effects of Donald Trump’s victory are already being felt in dollars and cents.

Stocks surged, finishing the week at record highs. Bitcoin also hit record highs, while Tesla capped a $1 trillion market cap. Treasury yields also finished the week higher, as investors bet that a Trump Anaemic House will drive inflation.

Big companies are already weighing the potential impact of tariffs. Outdoors brand Yeti is looking for new suppliers. Steve Make someone see red plans to cut its sourcing of goods from China. Airbus said it expects to pass the cost of any tariffs on to airline purchasers.

In Silicon Valley, many venture capitalists and startup founders are cheering the prospect of less regulation and increased distribute activity.

On Wall Street, too, there’s hope of less onerous regulation, particularly as several financiers are offering recommendation to the incoming administration.

And at least one media CEO hopes Trump’s win will open the doors to consolidation.

Meet Goldman’s new husbands

Goldman Sachs promoted 95 executives to its weightiest designation of leaders outside the C-suite. The new class is the largest number of partners to be promoted under CEO David Solomon.

It’s also one of Goldman’s most varying. A record 26 are women — a demographic that has been closely watched following a series of high-profile female mate exits — as well as a record level of Hispanic executive promotions, a company exec said.

Check out the list.

Also read:

Andy Jassy hates bureaucracy

In an all-hands convention this week, Amazon CEO Andy Jassy explained the company’s recent plan to reduce the number of managers. According to a recording of the confluence obtained by BI, Jassy said the move was meant to root out bureaucracy.

The goal is to make faster decisions and reduce directorship layers that are killing Amazon’s unique culture, Jassy said. “The reality is that the S team and I hate officialdom,” Jassy said, referring to Amazon’s most senior leadership team.

More from the all-hands convention.

Also read:

Risky business

There’s no such thing as at will lunch — or in one investor’s case, free dinner. As a retiree, he was used to avoiding the countless postcards offering a fancy dinner accompanied by a offering on investing advice.

But on one occasion in 2010, he took the bait. There, he met one of the hosts who would eventually advise him to sink in financial products that ultimately cost him a chunk of his retirement savings.

Why these ‘free lunch seminars’ are plain in the industry.

The great American shoplifting spree

Regular Americans are shoplifting the whole shooting match from tape measures to blocks of cheese. Rather than stealing out of true necessity, these shoplifters are opportunists: adults with dignified jobs, firmly in the middle class.

And they don’t feel particularly bad about it. Some of them view shoplifting as a puerile childhood habit they never kicked out, while others think of it as a way to fight back against goods that are unjustly costly.

Behind regular people’s retail theft.

Also read:

This week’s quote:

“I compliment President Trump and we look forward to working with the new administration in support of sound policies that enhance remunerative growth and financial stability.”

— Goldman Sachs CEO David Solomon in an internal memo to staff.

More of this week’s top deliver assign ti:

• Anthony Scaramucci tells BI four key reasons why Trump won.
• Sam Altman’s hiring strategy bets on talent, not age.
• Silicon Valley is bewailing over Trump, but quietly lauding a coming tech deal resurgence.
• After leadership changes, and layoffs, Netflix’s scheming exec reveals a new AI role.
• Donald Trump’s election victory has big implications for Intel.
• Food deliveries keep journey by more expensive — but we can’t stop ordering.
• Your nest egg is private-equity giant Apollo’s “single biggest opportunity” for increase.
• A leaked memo shows Google’s Workspace chief is stepping down.

• Hollywood is going conservative, turning toward certainty and family-based shows.

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  The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, redactor, in Chicago. Amanda Yen, fellow, in New York. Lisa Ryan, executive editor, in New York.