Among o. c. business leaders, uncertainty follows trump win – the orange county register

Business leaders have no idea. Grade 9 static electricity test When it comes to predictions, they are all over the map – and that includes some of Southern California’s most prominent chief executives and financial experts.

The only thing that many seem to agree upon is widespread uncertainty as a Republican real estate tycoon who has defied conventional wisdom on so many issues prepares to assume the highest office in the land.

“Too early to speculate,” Robert Iger, the Walt Disney Co. Grade 9 electricity test questions chief executive, told a conference call after his company’s earnings report Thursday.

But Iger, who oversees 29,000 Disneyland workers in Anaheim, and 11,200 Los Angeles employees, did note that his company has lobbied for a lower corporate tax rate. Gas definition chemistry With a new administration, he mused, it could come “sooner rather than later.”

The Disney chief, who backed Hillary Clinton and contributed large sums to Democratic campaigns, sounded almost relieved that, so far, a “fairly smooth” transfer of power is taking place.

“Our biggest fear is the unknown,” said Rick Eiden, executive vice president of the United Food and Commercial Workers Local 324, with 21,000 Southern California members.

Worker protections will likely be weakened as Republicans vow to slash government regulations, Eiden said. Gas city indiana weather The failure to raise the federal minimum wage, now $7.25 an hour, combined with tax breaks for the wealthy, would widen inequality, he added.

Jane Buchan, CEO of Irvine-based Pacific Alternative Asset Management Co. Gas oil (PAAMCO), adviser to some of the world’s largest pension plans and sovereign wealth funds, was traveling in the days after the election.

But she noted: “Theory is the federal deficit is going to increase substantially as Trump creates infrastructure jobs. Gas x user reviews Inflation expectations rising.”

“I expect the president-elect to change his mind or pull back from most of what he announced,” said Said Hilal, founder and CEO of Applied Medical Resources Corp., which manufactures medical devices in Rancho Santa Margarita.

Trump has vowed to push for $1 trillion in infrastructure spending on roads, bridges, airports and seaports over 10 years. Electricity in india He has promised a $6.2 trillion tax cut over a decade – of which 82 percent would accrue to the top 20 percent of earners, according to the nonpartisan Tax Policy Center.

Thus, Hilal noted, “We do expect exceptionally high deficit budgets brought about by a combination of spending and tax cuts. Electricity and magnetism study guide 8th grade It is highly likely that inflationary pressures would be reappearing.”

Trump has vowed to renegotiate the North American Free Trade Agreement (NAFTA) and block President Barack Obama’s proposed Trans-Pacific Partnership (TPP), a 12-nation pact to slash tariffs, which is popular with business.

The president-elect has also promised a 45 percent tariff on Chinese imports and a 35 percent tariff on Mexican goods, measures that some business leaders fear would ignite a trade war, as those countries retaliate.

International trade is a key driver of California’s economy. Gas tax deduction Los Angeles County produced a quarter of California’s $165 billion in merchandise exports in 2015. Locate a gas station near me Orange County, with $19 billion, made up 11 percent, and the Inland Empire, with $9 billion, accounted for 5.4 percent.

The state’s technology companies, heavily reliant on foreign factories, are worried about Trump’s trade policy, as well his proposed immigration restrictions that could curb their hiring of foreign engineers and other specialists on temporary visas.

For the most part, Silicon Valley leaders greeted Trump’s election with dismay. Electricity history The president-elect has been sharply critical of Apple for refusing encrypted phone access to law enforcement, and of Amazon on antitrust grounds.

Semiconductor manufacturers such as Irvine’s Western Digital, with 76,000 employees worldwide, sell chips to smartphone and computer factories in Asia and car companies in Mexico, so higher tariffs could depress business.

Trump should refrain from pursuing tariffs on imports from Mexico and China, Mohamed El-Erian, the Newport Beach-based chief economic adviser of Allianz SE, which owns Pacific Investment Management Company (Pimco), warned on Bloomberg TV.

On the positive side, El-Erian suggested, Trump has an opportunity to create a pro-growth consensus in Washington around infrastructure spending, regulatory reform and an end to the “carried interest” tax break that allows investors to pay lower rates.

That’s not the view of Bill Gross, the so-called Bond King and El-Erian’s former rival at Pimco, who now runs the Janus Global Unconstrained Bond Fund from Newport Beach.

Trump’s goal of reaching 4 percent annual growth and creating 25 million new jobs, is “bound to fail,” Gross said in a Bloomberg interview. Gas tax nj “If fiscal spending is confined to shovel-ready infrastructure, then there’s not much to be had in terms of growth.”

Most likely, economic expansion will continue at the current rate of 1 percent to 2 percent, Gross predicted, due to structural factors such as automation replacing jobs.

“We are in a period of time where globally and in the U.S., growth is stunted. A gas is a form of matter that I don’t think a Trump victory will do much there in terms of the policies he is advocating.”

Gross noted that as Republicans vow to dismantle the Affordable Care Act, “health care is definitely on the chopping block” and health care companies could be affected.

That costs Joe Manzella, who employs 480 people at five restaurants, including Taps Fish House & Brewery outlets in Orange and Riverside counties, $125 a month per covered worker.

Some experts are skeptical, however, that Republicans will succeed in torpedoing a law affecting so many people, arguing that reforms to address high premiums and other issues may be more feasible.

“We don’t know where we’re going from a standpoint of housing policy (or) economic policy,” said Joel Singer, chief executive of the California Association of Realtors, at an affordable housing conference Thursday in Los Angeles.

With population outpacing development, California desperately needs to boost the supply of affordable homes for sale and rent, conference speakers said.

But under a GOP-dominated administration, federal dollars for subsidized housing could remain tight, they added. Gastroenterology On the other hand, some speculated if housing is deemed part of Trump’s infrastructure push, more revenue could ensue.

One sector likely to unambiguously cheer the GOP sweep is the fossil fuel industry. Static electricity human body causes Trump has called climate change science a “hoax.” He has vowed to roll back Obama’s restrictions on coal-fired electricity and withdraw U.S. 10 gases support for a global greenhouse gas treaty.

At Clean Energy Fuels, a Newport Beach company that seeks to replace diesel with lower-emission natural gas in the trucking industry, CEO Andrew Littlefair applauded Trump’s goal of “reducing regulations that stifle businesses and job creation” and his intent to shrink the size of government.

“I know he expressed skepticism on global climate change,” Littlefair said. Npower electricity supplier number But he added, “Despite one’s point of view on climate change and the recent Paris (climate) agreements, natural gas is the answer.”