Bahnsen Group founder and managing partner David Bahnsen reacted to President-elect Trump's economic comments made from Palm Beach, Florida, with reporters on Monday.
President-elect Trump The election victory has led to a surge in confidence about the state of the global economy, according to a new survey measuring CEO sentiment after the election.
The survey, conducted by Teneo in the three weeks following the election, includes the views of more than 300 global public company CEOs and 380 institutional investors representing approximately $10 trillion in company and portfolio value. It was first reported by The Wall Street Journal.
It found that 77% of global CEO expects that the global economy will improve in the first half of 2025 — up from 45% last year, an increase of 32 percentage points. That sentiment is shared by 86% of investors.
"For the first time since Teneo conducted this survey, we see significant alignment between CEOs and investors on the direction of the global economy, and confidence has never been higher," said Teneo CEO Paul Keary.
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Trump's impending return to the White House has CEOs and investors optimistic about 2025. (DAVID DEE DELGADO/AFP via Getty Images / Getty Images)
"Driven by the 'Trump Effect,' the market expects a resurgence of M&A, increased hiring and higher levels of US and foreign investment. The US will clearly be the beneficiary of much of this positive activity, cementing its position as the most important investment destination for global business," Keary added.
More than 80% of CEOs and investors expect that the market for mergers and acquisitions will experience a big return in 2025, up from 68% last year.
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This comes after the Biden-Harris administration scrutinized merger proposals and launched successful legal challenges to mergers like Albertsons and Kroger deal which was blocked last week.
Half of global CEOs say they are accelerating their activities in areas such as domestic and international investment as a result of the 2024 election. The US is ranked as the most attractive investment destination among global CEOs.
US President-elect Donald Trump delivers a speech next to SoftBank Chairman and CEO Masayoshi Son, at Mar-a-Lago in Palm Beach, Fla., on Monday, Dec. 16. (Reuters/Brian Snyder/Reuters)
Almost two-thirds of survey respondents, 64%, said they believe that policy changes are related to tariffs, as well tax and regulatory reliefwill have a positive impact on their business in 2025.
There are differences among CEOs of large and mid-cap companies about the impact of tariffs. While 80% of mid-cap CEOs say they believe it higher tariffs imports to the US would have a positive effect, only 13% of large-cap CEOs agreed.
More than three-quarters of CEOs, 76%, said that the election results would improve the global economy and global stability, while 83% of investors took that view. CEOs and investors expressed confidence that businesses are positioned to address a range of potentially disruptive geopolitical issues, such as conflict in the Middle East and Russia's war against Ukraine.
A South Florida real estate tycoon is making the case that DOGE co-chairman Elon Musk might consider moving to the Sunshine State. (Brandon Bell/Getty Images/Getty Images)
The part of the CEO who said so China plays an important role in their corporate strategy has more than doubled in the last two years from 20% in 2023 to 47% in 2025. About a third of CEOs and investors, 32% and 31% respectively, said that policy disruption related to China will happen. the biggest negative impact on their business.
Environmental, social and governance (ESG) policies are also undergoing new scrutiny with 91% of CEOs saying they are recalibrating ESG initiatives due to the politicization of those policies — up from 72% last year.
Of that group, 40% are more selective about the issues or topics they engage in, while 1 in 4 are scaling back ESG programs. Despite those concerns, 56% of global CEOs said they remain committed to balancing ESG priorities with their core business objectives.
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The survey also found investors and CEOs are watching artificial intelligence (AI) investment differently. Nearly 80% of investors expect AI projects to generate a positive return on investment in the first year, while 41% of CEOs of large-cap companies are willing to let AI initiatives mature for one to two years before they expect positive results.
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