Several CEOs are voicing the same complaint about one of Trump’s biggest brags (HLT, MET, JPM, ACN, OMC, VTR)
|08/20/2017||Posted by BusinessMediaguide.Com under General World News||
President Donald Trump likes to tout the fact that business and consumer confidence surged after his election.
But the CEOs of several large companies have the same grievance: They aren’t seeing consumers spending much more, and can’t yet proceed with major investments.
That’s according to transcripts of several second-quarter earnings calls parsed by Goldman Sachs.
“Most executives note that they haven’t seen an appreciable increase in customer activity despite improving sentiment,” said David Kostin, Goldman’s chief US equity strategist, in the firm’s quarterly Beige Book of CEO commentary.
For business owners, Trump was supposed to be the deregulatory president. The National read more >>>