EDITOR'S NOTE
Consumers are optimistic, but CEOs are not.
Investors are driving stocks to record highs, but CEOs are cutting capital spending.
The future is less certain for those charged with delivering earnings growth amid an ongoing trade war and a coming election that could upend regulation, taxation and even the economy, writes CNBC's Hugh Son.
“Everybody looks at the stock market and sees share prices going through the roof right now, but few of the CEOs I talk to feel good about that,” said John Richert, head of regional investment banking at J.P. Morgan Chase. “There is an increased worry about their ability to deliver results amid prolonged periods of uncertainty next year.”
Meantime, the market rallies on. These days, all it takes these days is a tick to hit yet another record high and the major indexes were higher on Wednesday.
Markets will be closed Thursday for the holiday. Evening Brief will return Friday afternoon.
Happy Thanksgiving.
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