Business leaders are still expecting a Trump win, according to a C-suite advisor.

Business leaders are still expecting a Trump win, according to a C-suite advisor.
Business leaders are still expecting a Trump win, according to a C-suite advisor.
  • According to Fordham Global Foresight, U.S. business leaders are in denial about Vice President Kamala Harris' growing lead over Republican presidential nominee Donald Trump.
  • Tina Fordham, the founder, stated to CNBC that her clients continue to heavily invest in the former president's potential return, considering him to be the more business-friendly candidate.
  • She stated that they continue to support a Trump presidency and believe it will occur.

C-suite advisor Tina Fordham stated on Thursday that U.S. business leaders are "in denial" about Vice President Kamala Harris' growing lead over Republican presidential nominee Donald Trump, despite her clients still placing large bets on the former president's return.

Fordham, the founder of strategic advisory firm Fordham Global Foresight, stated to CNBC that her client base of institutional investors, board members, and C-suite executives continue to view Trump as the more pro-business candidate and their preferred choice.

According to Fordham, "Street Signs," they continue to support a Trump presidency and believe it will occur.

According to FiveThirtyEight's latest national poll average, Harris leads Trump by 2.6 points.

Despite Fordham stating that many business leaders were ignoring the findings, that lead has risen steadily since she was announced as the Democrat's presidential candidate after President Joe Biden dropped out of the race last month.

U.S. businesses in 'a lot of denial' about Trump's waning lead, C-suite advisor says

"Fordham stated that there is a lot of denial regarding the polls, and a Harris victory is not priced in. Many Wall Street participants have invested in a Trump return to the White House."

Trump has leveraged his business-friendly image to gain Wall Street's support during his first term, while Harris' business stance is perceived as more ambiguous.

Fordham distinguished between the preferences of Big Tech and big banks and those of corporates regarding a Harris presidency. She noted that the latter group is "piling in" on a Harris presidency.

She stated that they depend on the U.S. free trade and democracy phenomenon, which has driven global corporations for the past 30 years.

On Friday, businesses will gain more insight into Harris' economic agenda as she outlines her plans in a speech in North Carolina. The expected measures include a possible federal ban on "corporate price-gouging" in the food and grocery industries and the mirroring of Trump's proposed elimination of taxes on tips.

On Wednesday, Trump unveiled his economic plans in a swing state, including tax cuts, energy policy reform, and inflation reduction.

Fordham predicted that Harris' plan would be vague, as she believed that providing too much detail would result in losing voters.

by Karen Gilchrist

Politics