Jan 23 (Reuters) - President Donald Trump addresses business and trade issues on Monday. Highlights of the day follow:
BUSINESS
Trump tells leaders of companies ranging from Lockheed Martin Corp (NYSE:LMT) LMT.N to Under Armour Inc (NYSE:UAA) UAA.N that his administration can cut U.S. regulations on businesses by 75 percent and that those planning to build factories in the United States will get quick approval. Prime Minister Justin Trudeau begins a retreat with his Cabinet focusing mainly on the best approach to take with Trump, whose vow to renegotiate NAFTA could damage the nation's economy. Prime Minister Shinzo Abe believes Trump understands the value of free trade and says he will keep pitching a multinational pact that Trump's administration has vowed to exit. LEADERS
The Kremlin expects to agree soon on a date for the first phone call between President Vladimir Putin and Trump, but there is no word on when they will meet. Prime Minister Theresa May will champion free trade and also voice her support for the Iran nuclear deal when she meets Trump later this week, her spokeswoman said. Arab states are quietly applauding the arrival in the White House of a hawkish leader opposed to their adversary Iran, even if they suspect Trump might at times heighten tensions in the Middle East. IMPACT
For financial markets, the Trump era begins on Monday. If history is any guide, the following month should be a rocky one for Wall Street but positive for the dollar. administration is only hours old, but already a small parade of S&P 500 companies' chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. Ben Cardin, the most senior Democrat on the Foreign Relations Committee, says he will not support Trump's nominee for secretary of state, Rex Tillerson. first days of the Trump administration show how deep the political divide is in the United States. The Trump administration
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