Scaramucci to Trump: CEOs holding back spending because China tariffs are too unpredictable
, which began roughly six years ago with a focus on building rail and maritime trade routes connecting China with central Asia, Europe and Africa.
"They care less about the people on the ground than we would because they don't stand for election," said Scaramucci. "The White House should really tell people what the plan is," said Scaramucci, founder of the Skybridge Capital hedge fund. "Here's the problem: We don't know where things are going, and U.S. corporate CEOs, large and small, are slowing down business investments."saying that capital spending tumbled 5.5% in the second quarter, the worst since the fourth quarter of 2015, while personal spending rose 4.3%, the best showing in six quarters.
Economists are wondering how much longer the consumer sector, which accounts for two-thirds of economic activity, can keep carrying growth, which came in at 2.1% in the second quarter. That was down a full percentage point from the first quarter. Gross domestic product estimates for the third quarter were 1.9%, as of last week, according to theConcerns about the U.S.
down 1.8% for the week, as of Wednesday's close. The S&P 500 was off 1.6% this week ahead of Thursday's trading session.Get this delivered to your inbox, and more info about about our products and services.
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