Snap-on Chairman and CEO Nick Pinchuk is optimistic about business despite risks of a possible government shutdown and uncertainty about the end of easy money from the Fed.
His company manufactures professional tools for the automotive and aviation industries and traditionally there's always good business in repair shops. During the height of the economic recession, customers stopped or reduced the purchase of big-ticket items, but that is changing.
"Now I think they're paying less attention to the bad news for breakfast and they seem optimistic," said Pinchuk.
Overall, Pinchuk said the economy is mixed in some ways, but "it's moving forward."