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Financial experts shrug off Trump’s red meat threat to shut down the government

August 24, 2017

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President Donald Trump’s threat to shut down the U.S. government unless Congress funds his proposed border wall may have shaken stocks slightly on Wednesday, but his rhetoric was met with shrugs from traders and investors.

“It probably will shut down, but it will be a temporary issue; it’ll be really a game of chicken, and then in 24 hours or 48 hours it will be resolved,” said Michael Yoshikami, CEO and founder of Destination Wealth Management, on CNBC’s “Closing Bell” Wednesday.

“Shutdown sounds really scary, but in the end I think it’s just kind of a temporary blip. It really is not going to mean the U.S. government’s going to default,” Yoshikami said.

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