Donald Trump not coming to Chicago, Tribune reports

CHICAGO --  We’d heard that security preps were underway for a visit by president-elect Donald Trump, and critics had planned a protest, until word came in that Mr. Trump was not in fact coming here. Trump representatives never confirmed a stopover in Chicago, but police were preparing for a possible visit sometime between Thursday and Saturday.

Whatever his travel plans, Wednesday was a busy day.

President-elect Trump says he will step away from his global business dealings, making the announcement early this morning on Twitter. The president-elect saying he will hold a news conference with his children and that he will be leaving his “great business in total.”

The president-elect had been under pressure to sever ties with business empire. Last week, he hinted he was looking at it, but pointed out presidents are technically exempt from government conflict of interest laws.

"In theory I don’t have to do anything, but I would like to do something. I would like to try and formalize something because I don’t like my business," Trump said.

Also today, Mr. Trump unveiled his economic team. Steve Mnuchin is the pick for Treasury Secretary.

Steve Mnuchin-S0T-(get this from my 4 pm) We're going to have the most significant middle income tax cut since Reagan.

A former Goldman Sachs banker who made big money off foreclosures, Mnuchin is already drawing criticism.

Liberal Massachusetts Senator Elizabeth Warren called Mnuchin the “Forrest Gump of the financial crisis.” In a statement she said: "his selection as Treasury Secretary should send shivers down the spine of every American who got hit hard by the financial crisis.”

Also, official word that Wilbur Ross will be nominated as commerce secretary and Todd Ricketts – co-owner of the Chicago Cubs –will be tapped for deputy commerce secretary. Mayor Rahm Emanuel reacted to having a Chicagoan high up at commerce.

"I know him. We’ll have a relationship and a dialogue. That will be good for the city of Chicago and for the state," Emanuel said.

The rollout comes as the President-elect celebrates a deal to keep almost 1,000 jobs here in the U.S. A Carrier Air Conditioning factory is staying in Indiana after considering moving to Mexico. Tomorrow, Mr. Trump will celebrate by visiting that Indiana factory before heading to Cincinnati to thank voters.