How the next president will change the rules of business.
Since the election, the Dow Jones has been flirting with 20,000, apparently adrenalized by the prospect of corporate tax reform and gutted regulations now that Republicans control the House and Senate. Investors expect an economy unleashed from its typical restraints.
If Donald Trump, soon to take the oath of office, has one policy it's this: Stay unpredictable.
To any list of disruptions that can pummel businesses -- technology, new competitors, globalization, financial crisis -- add the political unknown. The blows could be international (What's an American Brexit? An end to NAFTA) or a Twitter rant from @potus.
So what can certain industries expect? Certainly not business as usual.
Trump's transition team for technology policy is led by people very skeptical of an active Federal Communications Commission and who don't see any threat of monopolies in mega-mergers. in the arena of telecom.
Net neutrality policies--also called "open internet"--could also be on the chopping block. These rules require internet service providers to treat all data equally (and not throttle speeds at their whim).
Cuba may no longer be a travel option if Trump reverses President Obama's rapprochement. Already some airlines and travel companies are scaling back, sensing that the momentum for dropping the travel embargo is lost.
Auto manufacturers may expect arm-twisting from Trump if they don't bring manufacturing jobs to the United States or even punitive tariffs on their goods and supply chains.
Chaos in this industry is already in motion. Republicans have not released a single, unified plan to replace Obamacare once they repeal it. Trump attacks drug makers at every opportunity. There could be sweeping changes to programs like Medicare and Medicaid.
Trump also keep promising something "better and cheaper" than Obamacare. But Tom Price, the onetime physician nominated to lead Health and Human Services, has historically supported doctors' lobbies -- which pretty much want to get paid top dollar with no push-back from insurers.
With Trump at the bully pulpit, or Twitter pulpit, individual businesses also could get caught in the cross-hairs. Trump has attacked dozens of businesses on Twitter. And his support can be just as harmful. Outdoor-wear company L.L. Bean has been caught in the political crossfire since a board member donated to a pro-Trump PAC, leading to a boycott by some customers, leading to Trump's "Buy L.L. Bean" tweet, which drew more attention to the boycott.
Business leaders need to be ready for America's volatile political climate to ooze into the business sphere at any moment.
Photos of Trump as president-elect:
Donald Trump since becoming president-elect
Donald Trump since becoming president-elect
Republican presidential nominee Donald Trump arrives for his election night rally at the New York Hilton Midtown in Manhattan, New York, U.S., November 9, 2016. REUTERS/Andrew Kelly TPX IMAGES OF THE DAY
U.S. President Barack Obama (R) listens to President-elect Donald Trump in the White House Oval Office in Washington, U.S., November 10, 2016. REUTERS/Kevin Lamarque
U.S. President-elect Donald Trump yells to members of the media from the steps of the main clubhouse at Trump National Golf Club in Bedminster, New Jersey, U.S., November 19, 2016. REUTERS/Mike Segar TPX IMAGES OF THE DAY
U.S. President elect Donald Trump reacts to a crowd gathered in the lobby of the New York Times building after a meeting in New York, U.S., November 22, 2016. REUTERS/Lucas Jackson TPX IMAGES OF THE DAY
U.S. President-elect Donald Trump leaves an elevator with Reince Priebus (L) and retired U.S. Army Lieutenant General Michael Flynn before speaking with the media about meeting with families of the victims of the November 28 attacks at Ohio State University, in The Jerome Schottenstein Center in Columbus, Ohio, U.S., December 8, 2016. REUTERS/Shannon Stapleton
U.S. President-elect Donald Trump and Vice-President elect Mike Pence walk off Trump's plane upon their arrival in Indianapolis, Indiana, U.S., December 1, 2016. REUTERS/Mike Segar
U.S. President-Elect Donald Trump speaks at an event at Carrier HVAC plant in Indianapolis, Indiana, U.S., December 1, 2016. REUTERS/Chris Bergin
U.S. President-elect Donald Trump speaks at a rally as part of their "USA Thank You Tour 2016" in Cincinnati, Ohio, December 1, 2016 . REUTERS/William Philpott
U.S. President-elect Donald Trump and Softbank CEO Masayoshi Son speak to the press after meeting at Trump Tower in Manhattan, New York City, U.S., December 6, 2016. REUTERS/Brendan McDermid
U.S. President-elect Donald Trump speaks at a USA Thank You Tour event at Crown Coliseum in Fayetteville, North Carolina, U.S., December 6, 2016. REUTERS/Shannon Stapleton
U.S. President-elect Donald Trump speaks at the USA Thank You Tour event at the Iowa Events Center in Des Moines, Iowa, U.S., December 8, 2016. REUTERS/Shannon Stapleton
U.S. President-elect Donald Trump gestures to the crowd as he stands with U.S. Army personnel as he watches the Army vs Navy college football game at M&T Bank Stadium in Baltimore, Maryland, December 10, 2016. REUTERS/Mike Segar
U.S. President-elect Donald Trump speaks at the USA Thank You Tour event at the Wisconsin State Fair Exposition Center in West Allis, Wisconsin, U.S., December 13, 2016. REUTERS/Shannon Stapleton
U.S. President-elect Donald Trump arrives to speak during a USA Thank You Tour event at Giant Center in Hershey, Pennsylvania, U.S., December 15, 2016. REUTERS/Lucas Jackson
U.S. Vice President-elect Mike Pence (R) introduces U.S. President-elect Donald Trump during a USA Thank You Tour event in Orlando, Florida, U.S., December 16, 2016. REUTERS/Lucas Jackson
U.S. President-elect Donald Trump speaks during a USA Thank You Tour event in Mobile, Alabama, U.S., December 17, 2016. REUTERS/Lucas Jackson
U.S. President-elect Donald Trump speaks briefly to reporters between meetings at the Mar-a-lago Club in Palm Beach, Florida, U.S. December 28, 2016. REUTERS/Jonathan Ernst
U.S. President-elect Donald Trump and Alibaba Executive Chairman Jack Ma speak with members of the news media after their meeting at Trump Tower in New York, U.S., January 9, 2017. REUTERS/Mike Segar TPX IMAGES OF THE DAY
U.S. President-elect Donald Trump listens to questions from reporters while appearing with Alibaba Executive Chairman Jack Ma after their meeting at Trump Tower in New York, U.S., January 9, 2017. REUTERS/Mike Segar