FedEx CEO Fred Smith is 'basically implying that we're going to import' a global slowdown,' says CNBC's Jim Cramer.
"U.S. business is so dependent upon exports and trade. And when you have your two biggest trading partners kind of frozen between the NAFTA rewrite and China trade, it shouldn't be a surprise to anybody that business investment starts slowing down. And that's exactly what we're seeing," Stephenson said, adding business investment is "flashing yellow."
"I don't think we're headed to a recession, but we're definitely slowing down," Stephenson said. "You can't have that kind of slowdown in business investment and not find its way into the consumer ultimately."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
FedEx to increase shipping rates across units in 2020U.S. package delivery company FedEx Corp said on Monday shipping rates at its ex...
Baca lebih lajut »
Stocks making the biggest moves premarket: FedEx, Anheuser-Busch, Home Depot, Shopify & moreThese are the stocks posting the largest moves before the bell.
Baca lebih lajut »
Here's what to expect from FedEx earningsFedEx is gearing up to report earnings after the bell Tuesday. Here's what to expect.
Baca lebih lajut »
FedEx tumbles 9% after slashing profit forecast, citing trade war and recession fearsFedEx now expects its full-year earnings per share to fall between $11 and $13, while analysts expected $14.73.
Baca lebih lajut »
FedEx profits slip after booting major customer AmazonCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Baca lebih lajut »
FedEx slashes its profit projection as the trade war hammers global growthFedEx Corp. sharply slashed its profit outlook in the latest sign that trade tensions are dragging down U.S. corporate titans.
Baca lebih lajut »