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Donald Trump's money faucet is getting turned off

January 11, 2021. Summarized by summa-bot.

Compression ratio: 18.3%. 1 min read.

U.S. President Donald Trump walks on the South Lawn of the White House in Washington, D.C., U.S., on Tuesday, Jan. 5, 2021. Trump??and President-elect??Joe Biden??each made last-minute campaign appearances in Georgia for candidates in two runoff elections that will decide whether Republicans retain control of the U.S. Senate. Photographer: Erin Scott/Bloomberg via Getty Images

A growing number of businesses suddenly want very little to do with Donald Trump after he incited a mob to attack the Capitol. That could make it more difficult for the Trump Organization to do business after he leaves office.

"I think it's a huge problem for him," said Michael D'Antonio, a CNN Contributor and a Trump biographer.

Trump's contract to operate the hotel in the government-owned property could even come under attack.

Bookbinder said that Trump was already likely to lose some business at his hotels, including his Washington property, when he is no longer president.

But the actions of last week only accelerated companies deciding to no longer do business with Trump, Bookbinder said.

Bookbinder said the violence at the Capitol could also give businesses that have contracts with the Trump Organization a way to get out of those commitments.

Trump does leave office with tens of millions of fervent fans, D'Antonio said, opening up the possibility for new business ventures and new sources of revenue, even if he's closed the door on other business relationships.

So it's possible that even if Trump severely damaged his brand last week, his overall business outlook is in better shape today than it was before he started his campaign for president in 2015, just because of the loyalty he's built up with a large part of the country over the last five years.

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