The business world is buzzing, thanks to the election victory of President-Elect Donald Trump.

The Hill reports that CEOs are expecting what is being referred to as the "Trump Effect," which could be really good news not only for businesses but for the American economy.

The outlet's report, as we will see, is based on a new survey of CEOs.

It is just the latest indicator that everyone seems ready to hop aboard the Trump Train.

The survey says...

The poll comes from Teneo. The results can be found in their entirety here.

The poll's results show that business CEOs are getting ready to make big movies in response to Trump's economic policies.

The Hill reports:

The poll from Teneo, a global advisory firm, found that . . . some 43 percent of chief executives are planning to increase domestic investment spending, while another 34 percent are planning to increase hiring at their companies. More than a third of the executives, 36 percent, said their business strategy following Trump’s victory includes increasing and speeding up international investments.

This is a plurality poll result. A minority is not so optimistic about Trump. It would have been interesting for the pollster to note which businesses are less optimistic.

The majority, however, is clearly with Trump. The Hill reports, 'More than 64 percent of the respondents said these developments will be a positive influence on their business. "

What exactly is driving this change?

The simple answer is Trump and his economic policies, which, as you might guess, are very different from the economic policies that have been implemented in America during President Joe Biden's four years in office.

Trump, among many other things, is looking to do two big things that will be extremely beneficial to businesses, as well as to most Americans. They are: cutting taxes and eliminating regulations.

It is well known that exorbitant taxes and overreaching regulations are business killers, which is why, under Democratic economic policies, three things tend to occur: either businesses leave, shut down, or - on the other hand - don't even bother starting up.

Trump is looking to change all of this with his economic policies. Trump, himself a businessman, wants businesses to flourish with the understanding that this will significantly help the American economy.

CEOs are clearly optimistic about Trump's plans. Now, all that is left to do is to execute these plans, which many expect Trump to do soon after taking office in January 2025.