Good morning.
How are companies planning for the U.S. election final result? PwC put out a survey yesterday of 578 CFOs and different C-Suite executives that gives some perception. If Biden wins, 57% say they’re extra more likely to improve investments in tax planning, in comparison with 43% who say the identical in a Trump reelection. However beneath a second Trump time period, 45% would improve funding in provide chains—reflecting issues about China commerce tensions—in comparison with 37% for a Biden administration.
Apparently, whatever the election final result, 70% of respondents assume enterprise tax charges will rise to pay for COVID-19 reduction, and 63% consider commerce restrictions between the U.S. and China will improve.
The enterprise leaders had been in robust settlement (95%) that extra fiscal coverage motion is required to assist the U.S. economic system. And a majority (54%) stated they “strongly agree” {that a} federal COVID-19 technique is vital to enhance shopper confidence, which is trending downward.
Individually, the CEO of TripAction says enterprise journey has picked up slightly not too long ago, however continues to be down about 80% since February—in comparison with the 90% drop in March. And the CEO of Snowflake, this week’s scorching tech IPO, tells Fortune how he went from crusing to cloud computing.
Different information beneath.
Alan Murray
@alansmurray
alan.murray@fortune.com
