Pres. Trump Disbands 2 Economic Advisory Councils

The move adds another high-profile name to a growing list of business leaders backing away from Trump

"The President has announced the end of the manufacturing council and the strategy and policy forum. Thank you all!" Trump said on Twitter.

The CEOs on President Donald Trump's manufacturing council are from the largest of Fortune 500 companies, but the board's turnover rate more closely resembles that of a fast food restaurant.

A Wall Street analyst, Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama, said that because the infrastructure panel had yet to get off the ground, its demise was less important than the scrapping of the other two groups.

"Racism and murder are unequivocally reprehensible and are not morally equivalent to anything else that happened in Charlottesville", Campbell Soup chief executive Denise Morrison said. "I am ending both", he wrote. Schwarzman organized a call on Wednesday for member executives to voice concerns after Trump's comments, and an overwhelming majority backed disbanding the council, two sources said.

Wayne Rooney expecting baby number four with Coleen
Coleen , 31, announced her pregnancy on Twitter this morning, writing: 'So Happy! Coleen and Wayne have been married since 2008 after they began dating as teenagers in Liverpool.

The group hoped to inform the White House before publicly announcing the decision, according to Bloomberg.

The more than two dozen CEOs who were initially appointed to the council were tapped by Trump shortly after January inauguration with the stated goal of making recommendations to grow the manufacturing sector. The council is led by two longtime friends of Trump who stand to benefit greatly from their newfound proximity to the White House: They are Steven Roth, the CEO of Vornado Realty Trust, who co-owned a NY department store with Trump in the 1980s, and Richard LeFrak, a billionaire NY real estate developer. "Now that Ken Frazier of Merck Pharma has resigned from President's Manufacturing Council, he will have more time to LOWER RIPOFF DRUG PRICES!" the president tweeted.

The decision to disband the councils offers companies a chance to sever ties without attacking Trump by name. "In addition, the President's Advisory Council on Infrastructure, which was still being formed, will not move forward", a White House official said Thursday.

Her remarks are related to Trump's August 15 statement that the white supremacists and counterprotesters were both blameworthy for violence that erupted this weekend in Virginia.

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