The election of Donald Trump has brought with it a surge in optimism in the United States over the economy and stocks not seen in years.
The CNBC All-America Economic Survey for the fourth quarter found that the percentage of Americans who believe the economy will get better in the next year jumped an unprecedented 17 points to 42 percent, compared with before the election. It's the highest level since President Barack Obama was first elected in 2008.
The surge was powered by Republicans and independents reversing their outlooks. Republicans swung from deeply pessimistic, with just 15 percent saying the economy would improve in the next year, to strongly optimistic, with 74 percent believing in an economic upswing. Optimism among independents doubled but it fell by more than half for Democrats. Just 16 percent think the economy will improve.
"We're looking at America moving into a more positive era with regard to economic expectations,'' said Micah Roberts, vice president at Public Opinion Strategies, which serves as the Republican pollster for the CNBC survey. "No doubt the election of Donald Trump has ushered that in."
The poll of 800 adults around the country was conducted Dec. 2 to 5, and has a margin of error of 3.5 percentage points. Hart Research Associates served as the Democratic pollsters.
A majority of Americans tell CNBC they are "comfortable and prepared to support" a Trump presidency. The 56 percent of respondents who now back the president-elect represent a sharp change from the 43 percent who were asked the question just before the election in November by NBC News and The Wall Street Journal. The percentage is driven by 91 percent of Republicans supporting Trump but also 54 percent of independents and even 23 percent of Democrats.
The survey showed a rise in optimism when it comes to several key economic gauges. Americans now look for higher wage gains next year and bigger increases in their housing prices.
The post-election surge in major stock market indexes also has buoyed feelings about equities, with 40 percent saying now is a good time to invest, up 10 points from before the election. Again, Democrats became somewhat more negative on stocks while Republicans grew significantly more optimistic.
Those differences are also clear in the choice for what Americans believe is the best investment right now. While real estate remains the top choice for the third straight year, stocks gained the most ground at the expense of gold, real estate and Treasurys. Driving the change: the shine is off gold for Republicans and they, along with independents, have grown more favorable toward equities.
Nearly every demographic, except the poor and Democrats, now has a net positive view about investing in stocks.
But the survey shows the president-elect has his work cut out for him. Asked which one or two items Trump should focus on first, a 40 percent plurality answered, "Keeping U.S. jobs from going overseas." All other priorities were far back and it was the top choice for all parties, but especially the GOP.
"Among Republicans, there's keeping jobs from going overseas and then there's everything else it's really all about jobs and keeping jobs in the U.S.,'' said Democratic pollster Jay Campbell with Hart.
The second-most popular priority was increasing the minimum wage, which has strong support from Democrats and independents. The conundrum for the incoming president is that keeping jobs from moving overseas could, in some cases, mean lower wages for Americans.
Coming in third among priorities was reducing the deficit, a strong choice among Republicans and independents, followed by funding infrastructure, boosted by Democrats and independents. Again, these two priorities are potentially in conflict since infrastructure spending would boost the deficit.
A potential warning to the president-elect comes from two priorities he has discussed at length, business tax cuts and deregulation. Both come in far down the list among priorities for the public, with modest independent support and little backing from Democrats.
Democratic presidential nominee Hillary Clinton leads her GOP counterpart Donald Trump ahead of their first debate Monday. USA TODAY
Republican nominee Donald Trump trails his Democratic opponent by six points among likely voters ahead of next week's debate, according to an NBC News/Wall Street Journal poll released Wednesday.
The poll was conducted after a tough stretch in which Clinton was sidelined with pneumonia and came under fire for referring to Trump supporters as "deplorables."
In a four-way race, the poll shows Clinton leading Trump 43% to 37% with Libertarian candidate Gary Johnson getting 9% and Green Party candidate Jill Stein at 3%. In a two-way race, Clinton leads 48% to 41%, according to the poll.
"Despite arguably the worst few weeks of her candidacy, the fundamentals still point toward a Hillary Clinton victory,"Democratic pollster Fred Yang, who conducted the poll with Republican Bill McInturff, told NBC News.
"Something that hasnt happened would have to happen" for Trump to win, McInturff told The Wall Street Journal.
In a two-way race, Clinton continues to lead among blacks (81% to 7%), women (51% to 37%) and young voters (50% to 34%), while Trump remains ahead among whites (49% to 41%) and men (46% to 44%), NBC News reports.
The good news for Trump out of the poll: those surveyed think he would do a better job with the economy (46% to 41%), he is more trustworthy and honest (41% to 31%), and 49% to 47% favor a candidate who would bring major change to the way government operates, according to NBC News.
The bad news for Trump: Clinton leads on immigration (50% to 39%), who would make a better commander-in-chief (48% to 33%), who should be in charge of nuclear weapons (51% to 25%), terrorism and homeland security (44% to 43%), temperament to be president (56% to 23%) and being experienced enough for the White House (60% to 23%).
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Tom WilliamsCQ-Roll Call,Inc.Rep. Andre Carson, D-Ind., concurs an interview via FaceTime on the East Front of the Capitol after the House Democrats' sit-in ended on the
When the 2002 Honda Civic crashed into the back of another car in a Houston suburb, authorities said the impact was moderate, and that everyone should have "been able to walk away," according to a sheriff's deputy. Instead, the Honda's 17-year-old driver bled to death.
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A Philippine court on Tuesday convicted a U.S. Marine of killing a Filipino last year after he discovered she was a transgender woman. The killing happened in a hotel while he was on a break after participating in joint military exercises in the country.
Lance Cpl. Joseph Scott Pemberton was convicted of homicide by first strangling Jennifer Laude and then dunking her head into a toilet bowl in the hotel they had checked into after meeting in a disco bar in October 2014 in Olongapo, a city northwest of Manila. He was sentenced to six to 12 years in jail and credited with time already spent in detention, said court clerk Gerry Gruspe.
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Tony Dejak/AP Demonstrators in Cleveland protest over the police shooting of Tamir Rice.
Two independent experts have concluded that the fatal police shooting of Tamir Rice was unjustified, the Daily News has learned.
The 12-year-old boy was carrying a toy gun on Nov. 22, 2014 when he was gunned down in a Cleveland park by a cop who opened fire seconds after hopping out of his patrol car.
Republican presidential candidate Donald Trump called for major tax cuts for low-income and middle-class Americans and a tax increase for the nations wealthiest citizens during a press conference at his namesake skyscraper this morning. Trumps plan eliminates any federal income tax on individuals who earn less than $25,000 a year or on a married couple earning less than $50,000 per year, a potential tax break for 31 million households, according to the plan. On the flip side, the highest-earning individuals would also see a tax break, subject to a 25 percent tax rate compared with the current rate of 39.6 percent. It will provide major tax relief for middle-income, and for most other Americans, there will be a major tax reduction," Trump said. "It will simplify the tax code. The billionaire businessmans plan starts with the lowest bracket of 10 percent and would apply to income from the $50,000 - $100,000 range for a married couple; the next bracket of 20 percent would apply to married couples earning in excess of $100,000. Trumps plan eliminates the alternative minimum tax and slashes the highest capital gains rate to 20 percent from the current 23.8 percent. Lower-income Americans who will pay no income taxes under Trumps plan will instead get a new one page form to send the IRS saying, I win, according to the plan. On the campaign trail, Trump has promised he would go after the hedge-fund guys to pay their fair share. His plan ends the carried interest tax break, which allows many investment-fund managers -- the hedge-fund guys -- to pay lower taxes on much of their earnings. In other words, its going to cost me a fortune," Trump, a billionaire, said. The tax plan is Trumps third policy paper. His first paper covered his controversial plan for immigration reform, and his most recent paper, released earlier this month, focused on Trumps support for the Second Amendment, specifically gun control. The second paper included a reversal by Trump, who once supported a ban on assault weapons but now says law-abiding people should be allowed to own the firearm of their choice." Trumps announcement today, at Trump Tower in Manhattan, comes as a Wall Street Journal/NBC News poll released Sunday shows Trump in a dead heat for the top GOP presidential candidate spot. Trump is virtually tied with retired neurosurgeon Ben Carson, polling at 21 percent versus Carsons 20 percent. Trump was joined onstage today by tourists and at least one woman who works for Trump. Kathy Johnson and Tricia Behne of Delray Beach, Fla., were in New York to see a Broadway show and stopped by Trump Tower to buy Trump campaign swag. Little did they know they would end up onstage. "Our daughters did beauty pageants years back and we met Donald Trump on the circuit," Johnson told ABC News. "We're huge fans." ABC News' Josh Haskell contributed reporting to this article.Get real-time updates as this story unfolds. To start, just "star" this story in ABC News' phone app. Download ABC News for iPhone here or ABC News for Android here.
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