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Majority of CFOs say Trump will win reelection

A majority of American business leaders believe that Donald Trump will win re-election next year, while only a quarter believe the Democratic frontrunner will take the White House.

A CNBC poll revealed that over two-thirds of chief financial officers believe Trump will cinch the 2020 election. The respondents were drawn from a swath of some of the largest and most successful companies in the world.

Only a quarter of those surveyed said that Joe Biden, currently the leader of the crowded Democratic field, would win the White House in 2020.

Part of the reason for the executives’ confidence, CNBC speculates, may be due to the fact that the United States has not experienced a recession even as Trump has escalated international trade wars.