• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

Houston Rockets owner among trio of Trump ambassador nominees confirmed by Senate

by April 30, 2025
by April 30, 2025

A prominent NBA team owner was among three of President Donald Trump’s diplomatic nominees confirmed by the Senate on Tuesday evening.

Tilman Fertitta, owner of the Houston Rockets and CEO of Landry’s Restaurants group was confirmed as the upper chamber to be Trump’s ambassador to Italy and San Marino by a margin of 83-14.

Investors Tom Barrack and Warren Stephens were also up for ambassadorship posts to Turkey, and the United Kingdom and Northern Ireland respectively.

Barrack’s nomination passedby 60-36 Stephens was confirmed 59-39.

Fertitta is a GOP donor and has spoken fondly of Trump’s business sense.

During Trump’s first term, Fertitta told CNBC the president was doing ‘a fantastic job for the economy.’

‘Businesses are booming, unemployment is low. He understands what drives this country,’ Fertitta said in 2018.

Fertitta’s praise of Trump often steers more toward business-focused than overtly-political, as in the CNBC interview.

Trump’s choice of Barrack played into two different aspects of the investor’s history.

Before he was a friend of the future president’s, Barrack served as an undersecretary in the Reagan Interior Department, focusing on energy policy including Middle East oil.

Barrack, who is fluent in Arabic, would therefore fit well with a Turkish ambassadorship.

Later in that decade, Barrack helped Trump secure financing for his short-lived ownership of the Plaza Hotel – during which time the future president famously told a lost Kevin McCallister its lobby was ‘Down the hall, and to the left’ in 1992’s Home Alone 2: Lost in New York.

The two real estate moguls remained friends in the years after Trump ultimately gave up the Midtown landmark.

Barrack was a strong supporter of Trump’s first presidential campaign and raised millions for his first inauguration’s events.

Stephens’ family bank has a footprint in London, and he is a noted fan of the Tottenham Hotspurs Premier League soccer team, which draw parallels to his ambassadorship nomination.

The billionaire will be the eyes and ears for Trump in London, where the president has a cordial relationship, albeit one wherein lies a politically contrasting view of global politics, with Prime Minister Keir Starmer of the Labour Party.

Stephens has a history of donations to Republican causes and many Arkansas candidates, per OpenSecrets.

Recipients have included former Sens. Mark Pryor, D-Ark., Mitt Romney, R-Utah, Bob Dole, R-Kan., ex-Arkansas Govs. Asa Hutchinson and Mike Huckabee, and media executive Steve Forbes’ presidential run in 1995.

This post appeared first on FOX NEWS

0 comment
0
FacebookTwitterPinterestEmail

previous post
DOGE terminates billions in contracts, including $361K for ‘gender non-conforming, non-binary’ BIPOC farmers
next post
Trump announces new ‘serious power’ fighter jets for Michigan Guard base to replace aging A-10s

Related Posts

China’s ‘Vanishing’ Data Can’t Hide Its Economic Slowdown

June 2, 2025

The Steep Price of Declining Civility

June 2, 2025

Is the ABA’s Accreditation Monopoly Coming to an...

June 2, 2025

The Steep Price of Declining Civility

June 2, 2025

China’s ‘Vanishing’ Data Can’t Hide Its Economic Slowdown

June 2, 2025

Trump shares post saying Biden was executed, replaced...

June 2, 2025

Senate Republicans eye changes to Trump’s megabill after...

June 2, 2025

Kevin Hassett ‘very, very confident’ courts will back...

June 2, 2025

House Dems’ campaign chair says her party’s ‘on...

June 2, 2025

Rand Paul says he would support ‘big, beautiful...

June 2, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • The Steep Price of Declining Civility

    June 2, 2025
  • China’s ‘Vanishing’ Data Can’t Hide Its Economic Slowdown

    June 2, 2025
  • Is the ABA’s Accreditation Monopoly Coming to an End?

    June 2, 2025
  • Kinéis launches its services and expands in Asia with WMG Limited

    June 2, 2025
  • The Steep Price of Declining Civility

    June 2, 2025
  • China’s ‘Vanishing’ Data Can’t Hide Its Economic Slowdown

    June 2, 2025

Editors’ Picks

  • 1

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (1,316)
  • Editor's Pick (136)
  • Investing (165)
  • Stock (845)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Here’s the real reason Trump and Zelenskyy’s...

March 1, 2025

Scoop: Republican National Committee showcases record fundraising...

April 18, 2025

My $100 Tomato: Is Self-Sufficiency Overrated?

May 14, 2025