DealBook|Newsom, Kirk, Bessent, A.I. and Other DealBook Summit Highlights
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Image!The Times’s Andrew Ross Sorkin and Gavin Newsom, the Governor of California, are seen in conversation at the 2025 DealBook Summit, with a view of the New York skyline in the background.
Gavin Newsom, the governor of California, voiced his criticism of President Trump — and the business world’s deepening ties to his administration.Credit...Dave Sanders for The New York Times
Andrew here. Wednesday’s DealBook Summit created a whirlwind of headlines. My head is still spinning. There were so many fascinating discussions with leaders of great consequence. We’ve got highlights below.
The big takeaways from the DealBook Summit
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President Trump’s economic policies and the artificial intelligence boom have dominated the news agenda this year. The two subjects came up repeatedly on Wednesday at the DealBook Summit in New York.
At last year’s event, the tension ran high before Trump’s return to the White House. On Wendesday, several speakers gave the president mixed marks on his economic agenda.
But many questions remain. How will Trump’s tariff policies reshape global trade? Will A.I. radically transform how businesses operate and hire? Does crypto have a permanent place on Wall Street?
Here are some big themes from this year’s event.
The debate over tariffs, inflation and the economy continues.
Scott Bessent, the Treasury secretary, said he was “very optimistic about the economy” despite stubbornly high prices and signs of strain in the labor market. On tariffs, he admitted, there could be a downside. “You could get a one-time price adjustment,” he said.
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[DealBook](/section/business/dealbook)|Newsom, Kirk, Bessent, A.I. and Other DealBook Summit Highlights
Image
Gavin Newsom, the governor of California, voiced his criticism of President Trump — and the business world’s deepening ties to his administration.Credit...Dave Sanders for The New York Times
**Andrew here.** Wednesday’s [DealBook Summit](https://www.nytimes.com/live/2025/12/03/business/dealbook-summit-news) created a whirlwind of headlines. My head is still spinning. There were so many fascinating discussions with leaders of great consequence. We’ve got highlights below.
The big takeaways from the DealBook Summit
------------------------------------------
President Trump’s economic policies and the artificial intelligence boom have dominated the news agenda this year. The two subjects came up repeatedly on Wednesday at the DealBook Summit in New York.
At last year’s event, the tension ran high before Trump’s return to the White House. On Wendesday, several speakers gave the president [mixed marks](https://www.nytimes.com/2025/12/03/business/dealbook-summit-kirk-netanyahu-mrbeast.html) on his economic agenda.
But many questions remain. How will Trump’s tariff policies reshape global trade? Will A.I. radically transform how businesses operate and hire? Does crypto have a permanent place on Wall Street?
Here are some big themes from this year’s event.
### The debate over tariffs, inflation and the economy continues.
**Scott Bessent**, the Treasury secretary, said he was “[very optimistic about the economy](https://www.nytimes.com/live/2025/12/03/business/dealbook-summit-news?smid=url-share#executives-say-they-are-optimistic-about-the-economy-despite-high-costs)” despite stubbornly high prices and signs of strain in the labor market. On tariffs, he admitted, there could be a downside. “You could get a one-time price adjustment,” he said.
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