Takes over from Caterpillar head CEO Doug Oberhelman
Jamon Dimon is also part of Donald Trumps Strategic and Policy Group which will meet "frequently" with the President starting after he takes office.
Yesterday, the survey of member CEO"s of the Business Roundtable, showed that sales and hirings were expected to rise but capital expenditures were expected to fall.
Specifically:
- The composite projections for sales and plans for capital spending and hiring over the next six months - rose by 4.6 points, from 69.6 in the third quarter to 74.2 in the fourth quarter. The Index remains below its historical average of 79.6
- Expectations for sales over the next six months increased by 4.5 points (from 98.3 to 102.8)
- Expectations for hiring increased by a more robust 14.8 points over last quarter (from 40.8 to 55.6)
- Expectation for capital spending declined from 69.6 to 64.2, a decline of 5.4 points.
Below are the trends in each of those measures over time.
