How companies are getting ready for the U.S. election final result

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 enhance 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 enhance 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 suppose enterprise tax charges will rise to pay for COVID-19 reduction, and 63% consider commerce restrictions between the U.S. and China will enhance.

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 essential to enhance client confidence, which is trending downward.

Individually, the CEO of TripAction says enterprise journey has picked up a bit of just lately, 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 sizzling tech IPO, tells Fortune how he went from crusing to cloud computing.

Different information beneath.

Alan Murray

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