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Pastimes : The New Qualcomm - write what you like thread.
QCOM 180.88+2.0%Oct 31 3:59 PM EST

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From: Bill Wolf9/19/2024 9:13:27 AM
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C.E.O.s increasingly see a Harris victory

Recent polling suggests that Vice President Kamala Harris holds a slim lead over Donald Trump. A group of 60 business leaders convened by Jeff Sonnenfeld of the Yale School of Management in Washington is even more bullish about her chances of winning.

DealBook’s Lauren Hirsch got a first look at the results of Sonnenfeld’s survey, which also captures their views on the economy and on the volatile political climate. (In the survey, 37 percent of respondents identified as Republican, 32 percent as Democrat and about the same as independent.)

Eighty percent expected Harris to win. As well as the latest findings, C.E.O. surveys conducted by Sonnenfeld during the Trump era have shown how business leaders have been moving away from a tendency to support Republican candidates.

Executives were concerned about inflammatory rhetoric. When asked whether they believed hate speech was inciting violence, 68 percent of respondents said that they strongly agreed, while 26 percent said that they agreed. And 87 percent said that Trump should apologize for spreading debunked rumors about Haitian immigrants in Ohio.

They’re optimistic about the economy, with 84 percent of respondents saying that the economy was headed for a soft landing. About 10 percent said that they expected a significant recession, while six percent foresaw stagflation.

They generally favor tariffs. About 42 percent of respondents agreed that measures were needed to “protect vital U.S. industries from unfair foreign competition,” while 16 percent said that they strongly agreed.

Two-thirds of executives said that Nippon Steel should be allowed to buy U.S. Steel. The $15 billion deal has been held up by political and national security concerns.

The survey’s findings track with strong business leader support for Harris.

In other election news: The International Brotherhood of Teamsters said it wouldn’t endorse either Harris or Trump, though many of the union’s West Coast chapters said that they would back Harris.
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