Advertisement
U.S. Markets closed
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow 30

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Russell 2000

    2,124.55
    +10.20 (+0.48%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0797
    +0.0003 (+0.0324%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • Vix

    13.01
    0.00 (0.00%)
     
  • GBP/USD

    1.2625
    +0.0002 (+0.0189%)
     
  • USD/JPY

    151.3030
    -0.0690 (-0.0456%)
     
  • BTC-USD

    70,133.94
    -313.95 (-0.45%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,369.44
    +201.37 (+0.50%)
     

Snap-On CEO says manufacturing jobs are more than a consolation prize

Snap-On CEO says manufacturing jobs are more than a consolation prize

Nicholas Pinchuk, CEO and chair of Snap-On (NYSE: SNA), said Tuesday that manufacturing jobs are more than a consolation prize.

"One of the things about manufacturing, and in fact any technical career, is that they are viewed as the consolation prize of our society in America," the Pinchuk said.

The CEO of the tool manufacturer appeared on CNBC's "Closing Bell" after President Donald Trump gave a speech at one of Snap-On's facilities focusing on his American first policies in terms of jobs and manufacturing.

"The president coming here, saying we honor grit, we honor making things, saying that American manufacturing is important to our future and we are going to focus on it is important," Pinchuk said. "That creates an aura that I think restarts the animal spirits around investing in American manufacturing and emboldens manufacturers to invest in more business."



More From CNBC

  • Top News and Analysis

  • Latest News Video

  • Personal Finance

Advertisement