Morgan Stanley (MS.N) Chief Executive Officer James Gorman said on Thursday it would be extremely negative for the initial public offering market if the United States government shutdown goes on much longer.
“This is not the way the U.S. should be working,” Gorman said, speaking in a CNBC interview at Davos, adding, “I truly hope the leadership of both sides come to some way resolving what seems to be a relatively straightforward problem.”
Gorman became the latest Wall Street executive to call on Washington to end the shutdown by finding a middle ground on President Donald Trump’s demand for money to build a wall along the border shared with Mexico.
The shutdown has left 800,000 federal workers furloughed or working without pay, affected market sentiment and impacted companies seeking to list themselves in the U.S.
via Reuters
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Alfonso Esparza
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