'There is a lot of whistling past the graveyard about the US consumer and the United States economy versus what's going on globally.'
The shipping giant expects it to grow 2.3% this year — down from the 2.5% it projected in June.
CEO Fred Smith chalked up the"vast majority" of that drop to the macroeconomic backdrop. He also warned the US may be ignoring overseas challenges."There is a lot of whistling past the graveyard about the US consumer and the United States economy versus what's going on globally," Smith said on the call.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Cramer: FedEx holds 'most dispiriting call about the economy I've heard in a very long time'FedEx CEO Fred Smith is 'basically implying that we're going to import' a global slowdown,' says CNBC's Jim Cramer.
Consulte Mais informação »
Wall Street ticks lower as FedEx warns on profit; Fed on tapU.S. stocks edged lower at open on Wednesday, pressured by FedEx's warning ...
Consulte Mais informação »
FedEx CEO: Amazon is who 'we wake up every day trying to think about'FedEx CEO Fred Smith mentioned Amazon as one of his competitors during Tuesday's earnings call, a shift in stance for a company that's long downplayed Amazon's move into the logistics space.
Consulte Mais informação »
Stocks making the biggest moves midday: FedEx, Roku, Chewy & moreCheck out the companies making headlines in midday trading.
Consulte Mais informação »
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.
Consulte Mais informação »
Stocks making the biggest moves premarket: General Mills, FedEx, Adobe, Chewy, Amazon & moreThese are the stocks posting the largest moves before the bell.
Consulte Mais informação »