Trump Will Be Reelected in 2020, Majority of Surveyed CFOs Say

President Donald Trump will win the 2020 election, according to more than two-thirds of chief financial officers from the CNBC Global CFO Council.

A recent ABC News/Washington Post poll shows Trump trailing in head-to-head matchups with at least four Democratic contenders, including the top three candidates: former Vice President Joe Biden, Senator Elizabeth Warren and Senator Bernie Sanders.

In the survey, which was released Wednesday, Biden had the largest edge of the top three Democrats. South Bend Mayor Pete Buttigieg also led Trump, but by an amount within the sampling error.

In spite of a recent poll showing waning support in Trump's handling of the economy and other evidence, like head-to-head matchups, that Trump could face a tough path to reelection, the CFOs think that the president will remain in office.

Though the survey did not link CFO thoughts on if the U.S. will enter into a recession before the general election to their views on the president's reelection, but 65 percent said they didn't think the U.S. would experience a recession next year.

The findings offer a more optimistic outlook on the economy than many recent news reports have presented.

Recent economic data has been accompanied by fear of recession and generated a flurry of analyst warnings that the possibility of a recession is increasing.

The 800-point Dow Jones industrial average plummet on a single day in August, the worst for the year, raised concerns. The inversion of key parts of the bond yield curve also prompted a cascade of warnings from analysts. Consumer sentiment also dropped last month, suffering its largest monthly decline since December 2012. Preliminary figures for September, released on Friday, indicated a rise.

The trade war between the U.S. and China has been a key source of focus for experts, who have expressed concerns that tensions are creating global uncertainty that could slow business investment.

Ahead of trade talks set to take place next month, both sides have extended concessions. China said earlier this week that it would exempt 16 types U.S. products from its list of retaliatory tariffs for a year. Trump subsequently announced he would delay tariffs scheduled for October 1 by two weeks.

On Friday, China said that it would add agricultural products to the list of items excluded from tariffs for a year.

Although the survey was conducted between August 21 and September 3, before the latest easing in tensions between Washington and Beijing, the CFOs were not optimistic that a trade deal will soon be reached.

Trump
resident Donald Trump speaks to members of the media prior to a departure from the White House on September 12. Alex Wong/Getty Images
Trump Will Be Reelected in 2020, Majority of Surveyed CFOs Say | News