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Business Roundtable survey shows declining CEO optimism

Business Roundtable chairman Jamie Dimon. Photo: Mark Wilson/Getty Images

The Business Roundtable's first quarter survey of more than 130 of the nation's top CEOs showed that chief executives dialed back expectations that they would see increased revenue, hire more workers and invest in capital expenditures over the next six months.

Why it matters: This marks the fourth consecutive quarter that the BRT's Economic Outlook Index has dropped. Sentiment surveys like these are watched closely because of their forward-looking nature, which could hint at what's ahead for the economy. If companies do rein in plans for hiring and spending — key drivers of growth — it could have big implications for an economy that's already feared to be slowing.

GM's Lordstown closure set to be a key 2020 issue for Trump

GM workers protesting Lordstown plant closing
Protestors against the decision to close a Chevrolet Cruze plant in Lordstown, Ohio. Photo: Jeff Swensen/Getty Images

President Trump once again blasted General Motors and the United Automobile Workers this week for closing a Chevrolet Cruze plant in Lordstown, Ohio, as union activists accused the carmaker of favoring hedge funds over the workers laid off amid plant closures.

Why it matters: Ahead of Trump's visit to Ohio later this week where he's expected to push for more manufacturing jobs, the closure of the GM plant has become a key issue in a state critical for him in 2020. The closure in Lordstown was part of a 15% cut to GM's salaried workforce in North America, affecting jobs that the president promised were "all coming back" to the state in 2017.

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