Written by: Zhang Yaqi, Wall Street Insights
While Wall Street is still digesting the shockwaves of the open confrontation between "Trump and Musk", the White House has quietly initiated crisis management - arranging a call between Trump and Musk tonight. Staff advised Trump to focus on pushing the "Big Beautiful" bill through the Senate rather than engaging in conflict with Musk.
While Wall Street is still digesting the shockwaves of the open confrontation between "Trump and Musk", the White House has quietly initiated crisis management - will a phone call scheduled for Friday achieve a "century reconciliation"?
Last night, a dramatic 180-degree turn played out on the American political stage. On the same day Musk was heavily criticizing Trump's "Big Beautiful" bill, the U.S. President appeared calm and collected in an overseas media interview.
"Oh, it's okay," Trump said in a media phone interview today when discussing the open break with his former super patron, "Everything is going smoothly, never better." He then began boasting about his support rate, claiming "the numbers are off the charts, this is my highest poll ever".
This nonchalant attitude stands in stark contrast to the fierce confrontation between the two on social media just hours earlier. More critically, Trump's staff have arranged a call between the president and Musk tonight, attempting to mediate a peace.
Wall Street Bigwigs Urgently Firefighting
When the grudge between the two most powerful men globally threatens a legislative process involving trillions of dollars, financial heavyweights can't sit still. Hedge fund manager Bill Ackman was the first to call for a ceasefire on the X platform.
"I support Trump and Musk, they should reconcile for the sake of our great country."
Musk's response was intriguing: "You're right."
Netizen Alaska advised both to calm down and take a step back. Musk responded: Good suggestion, I won't retire the Dragon spacecraft.
This subtle statement was interpreted by the market as a positive signal of reconciliation, indicating Musk's openness to easing tensions. Joe Weisenthal, a well-known media personality, lamented that an account with only 184 followers "pushed the reconciliation of the two most powerful people globally".
Can the Grudge End?
According to media sources citing White House insiders, Trump's assistants have been advising the president to restrain his public criticism of Musk to avoid further escalation. This effort showed effectiveness on Thursday - Trump noticeably moderated his language on his Truth Social platform.
"I don't mind Elon opposing me, but he should have done so months ago," Trump wrote, then pivoted to emphasize the bill's importance:
"This is one of the greatest bills submitted to Congress."
White House assistants suggested Trump focus on pushing the bill through the Senate rather than engaging in conflict with Musk.
The core of this dispute revolves around Trump's "Big Beautiful" bill - a legislative package integrating the president's core agenda, covering aspects from tax cuts to immigration enforcement. Musk strongly objected to the bill's projected $2.4 trillion deficit, which directly triggered the open confrontation between the two.
As the bill faces a critical vote in the Senate, any political noise that might affect its passage is seen as an unacceptable risk. Friday's phone call may determine whether this ambitious legislation can proceed smoothly and whether the personal grudges of these two business titans will give way to greater political realities.
