Mark so the elections are over and investors and business leaders are all trying to figure out what is this Donald Trump presidency gonna look like. What have you been hearing? It's a new crowd and they're trying to figure this out. What's clear is there's gonna be massive changes. There's gonna be new people in new roles and that's what gotta come first because they have to make these decisions. Beyond the big high level decisions we've heard about. So watching when these appointments are gonna be made, not only at the cabinet level, sub cabinet and the like and then see what's gonna happen with the budget that's due out in February, it's gonna give us a blue print for how the year is gonna unfold. There was a lot of ideas and promises that were thrown out during the campaign. Which ones do you think are gonna be the top priorities, which ones might go away? I think we'll see more compromise, even though Republicans control House and Senate. We know it's difficult to move through those bodies. Priorities won't matter, infrastructure clearly is near the top of the list. We know that's gonna be front and center. A repeal or reform the affordable care act is going to be front and center. Some executive orders in pairing back regulations. The President can do that on his own. Especially ones that were put in place in the last six months of the previous administration. That will be front and center. And then a lot of people talking about tax reform. Which will probably take a little longer than people expect. It looks like the markets are rallying on the hope that there will Be all of these changes, specifically, tax reform and deregulation. What shape do you think that those things could take? I think you will see lower rates on both individuals and pass through entities and corporations. You will see a more territorial system. You will also see, I think, on the infrastructure side, government and business trying to work together to come up with this public private partnership. The trillion dollars in infrastructure that's been put on the table cannot be afforded by the government. And so there's gonna have to be some movement there. And so what does all this mean for the economy? I mean obviously, tax cuts and repatriation of that tax holiday for earnings overseas could be a help. But, does this really move the economy The key to watch is business gonna start investing? Capital expenditure has been down for four years in a row. Unprecedented. Without capital expenditures and R & D, there's not gonna be growth in GDP. And so, will business now, with lower tax rates and a belief that regulation will be pulled back, start to open up their wallets? What about jobs? Jobs are crucial. That's what president- elect Trump ran on. You got a lot of things going on here. A lot of the discussion about trade, was jobs are going away or leaving the US because of trade. Technology is a bigger factor, a lot of discussion at this conference here, the EY Conference on Entrepreneurs, on disruption. And what technology, and robotics, and artificial intelligence is gonna do. That's gonna change the workplace. It's gonna change jobs. Doesn't mean there'll be less jobs. The skills required to do the new jobs, the jobs of the future, though, have to be learned. And there's a lag, and that takes time. You feel the pain before the new jobs come. So I think jobs is gonna be hard to grow at a much faster rate. Mm- hm, so fast forward to four years from now which will be the end of the first term. Of Donald Trump what do you think we're gonna be saying about the economy and the business evironment ?>> Well, first of all I would love to think it was just the United States remember we're much more global than we've ever been. 95 % of consumers outside the United State 80 % GDP growth outside the United States what happened with Brexit over the next three to six months it's gonna be rally important to see how, we got big election in Germany and France and Netherlands They're gonna have a big effect on US companies investing overseas. But all that being said, I think we're gonna have some regulations pared back. I think we're gonna have lower taxes start to come on board. And I think we're gonna see gradual improvements. Obviously the Fed is a big question too, as to how far and how fast they go. [ BLANK_AUDIO ]

Ernst & Young’s CEO Is ‘Optimistic’ About a Trump Presidency 

Mark Weinberger explains what he’s looking forward to.
