Mar 17, 2017

U.S. consumer sentiment beating expectations

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Survey: Top executives are pessimistic about the 2020 economy

Source: Deloitte; Note: Survey reflects CFO expectations for year-over-year increases in business spending and hiring; Chart: Axios Visuals

Chief financial officers are bracing for an economic slowdown this year, according to Deloitte's quarterly survey of nearly 150 executives at top North American companies.

Why it matters: Multiple surveys showed plunging optimism among top executives last year, thanks largely to trade war uncertainty. Deloitte's survey is a signal that skittishness continues to curb companies' hiring and spending plans this year, which could further hurt economic growth.

DetailsArrowJan 9, 2020

Wall Street has its best year since 2013

Data: FactSet; Chart: Axios Visuals

Wall Street had its biggest annual gain in six years — with the S&P 500 rising 29% and the Nasdaq Composite rising 35% in 2019. The Dow lagged behind other indices, but saw its biggest yearly gain since 2017.

Why it matters: U.S. stocks rebounded from 2018's year-end meltdown to log impressive gains, despite uncertainty stemming from the trade war and a slowdown in economic growth.

Despite the trade war, large-scale farmers remain very optimistic

Data: Purdue University/CME Group; Chart: Axios Visuals

Even after a very tough year in which farm debt has risen, sales have declined and the prices of key exports like soybeans have plummeted, large-scale U.S. farmers remain upbeat on their prospects, a survey shows.

Driving the news: The latest results of the Purdue University and CME Group reading of the agriculture economy showed a slight decline in December, but that was down from an all-time high touched in November.

Go deeperArrowJan 8, 2020