FedEx CEO Raj Subramaniam raised eyebrows when he said he expects the economy to enter a ‘WORLDWIDE RECESSION.’
Although we've been sounding that alarm for months now, people tend to take notice when a major CEO says it.
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Subramaniam told CNBC’s Jim Cramer on Thursday that he believes a recession is impending for the global economy.
“I think so. But you know, these numbers, they don’t portend very well,” Subramaniam said in response to Cramer’s question of whether the economy is “going into a worldwide recession.”
Perhaps the global economy is tanking quicker than even Subramaniam predicted.
FedEx stock tanked after hours on Thursday after the company released a revised outlook for the year.
FedEx stock dropped 17% in the extended session Thursday.
The company expects things to get worse.
Steve Bannon discussed the events on War Room.
He called the news "massive."
⚠️BREAKING:
*FEDEX SHARES PLUNGE ALMOST 17% AFTER PROFIT WARNING, MASSIVE GUIDANCE CUT$FDX pic.twitter.com/G8vhYvzY9F
— Investing.com (@Investingcom) September 16, 2022
https://twitter.com/BradPorcellato/status/1570759853001347074
The company vowed to cut costs “aggressively” and said it was mulling over other ways to “enhance productivity.”
From Steve Bannon:
MarketWatch provided additional details:
FedEx Corp. shares fell nearly 17% in the extended session Thursday after the logistics company pulled its outlook for the year, called for significantly lower quarterly profit and lower revenue, and said that fiscal 2023 is about to become worse.
FedEx said fiscal first quarter was hit by lower volumes globally, a trend that got worse toward the end of the quarter. It expects its business conditions “to further weaken” in the fiscal second quarter.
The company called for preliminary fiscal first-quarter adjusted earnings of $3.44 a share on sales of $23.3 billion.
Analysts polled by FactSet expect the company to report adjusted EPS of $5.14 on sales of $23.6 billion in the quarter when it reports a complete financial snapshot on Sept. 22. FedEx said it will offer an updated outlook and detail its cost-cutting plans then.
FedEx blamed “macroeconomic weakness” in Asia and “service challenges” in Europe for a $500 million revenue shortfall in these regions. Moreover, revenue from FedEx Ground is about $300 million below company forecasts, the company said.
FedEx vowed to cut costs “aggressively” and said it was mulling over other ways to “enhance productivity.”
WARNING: Are You Ready For The Market "COLLAPSE"? The Time Is Urgent...
A market crash is bad...
A "collapse" is much worse.
Are you ready for a coming collapse?
We can all feel something is off, can't we?
We all know things are not stable.
It's also what I'm hearing from several trusted sources.
Take Robin Bullock for one...
He has been warning about it more and more frequently in the past weeks:
Oh, and then there's the Pope ORDERING that all church funds from all over the world be immediately sent back to the Vatican by the end of September.
Yeah, that's not unusual or anything, right?
Read about it here:
Bo Polny: The Fireworks Start In September! Bitcoins Massive Move…
And the latest comes from our good friend Bo Polny.
Bo Polny returned to my show this and he had a real sense of urgency.
Why?
Because we're coming up on a date he's been watching for over 18 months!
A big one.
"Biblical" is a word he through out.
I would say this was one of the best and most important times we've ever had with Bo on the show.
In fact, I called and asked a special favor to have him back on earlier than normal because I knew we were coming up on one of the most important dates Bo has been talking about for a LONG time.
Definitely over a year, probably more like 18 months.
You can go back and watch all our old interviews, that's what's so cool...it's all in there!
Bo has been saying that the end of the 50 Year Jubilee on September 24/25 is going to be historic.
"Biblical" was Bo's word, and a very carefully chosen word.
We had planned to only talk for 30 minutes, but then we got going and the rest was history!
Bo always has so much interesting information I find it almost impossible to cut off the interview at 30 minutes.
And I hope you enjoy the bonus, because we were rolling!
We covered the Queen's death (murder?) and it's prophetic significance....a lot of numbers wrapped up in that one!
We talked about Charles and what his impact will be.
We talked about how America is now free from the Harlet, and the Beast she was riding is now riderless.
So many good nugget in there...
But that was just the beginning!
Then we talked Stock Market Crash.
Actually, that's not right.
Bo corrected me.
He said it's not going to be a "Crash", it's going to be a "Collapse".
Which, as you can guess, is much worse.
And it's just around the corner according to Bo's time cycles.
Then the biggest thing everyone always wants to know: what about Bitcoin and Cryptocurrencies?
Oh baby did we cover that!
Spoiler alert: major move coming soon.
We've had 3-4 months of boring, sideways action (which Bo told us would happen in his Newsletter), but now?
Now the dull days of summer are nearly over and explosion is coming.
We talk in the interview about whether that explosion is UP or DOWN.
The interview was just plain awesome, not because of me but because Bo is such a wonderful human being and he came loaded with info!
I'm really just scratching the surface here....
We moved fast and we covered a LOT of ground.
So please watch for yourself and enjoy right here on Rumble:
And as promised, I have all the links you're looking for right here below the video:
👉 Download Bo's slides for free: https://qrco.de/bdKTQ5
👉 If you want Bo's trading Newsletter, go to https://www.gold2020forecast.com/cryptocurrency-index ➡️ use code WLT49. (LIMITED TIME)
💥 For access to the Easy Crypto School, go to https://www.easycryptoschool.com ➡️ use code WLT49. (LIMITED TIME)
Those discount codes are very generous from Bo, but only good for a short time and then they shut off.
So take advantage of those if you're interested.
Ever since he first opened up the Easy Crypto School last month, I've received SO MANY emails and feedback on that saying how much people love it and I absolutely love to hear that.
That's why I do what I do and have guests on like Bo.
This stuff is complicated.
It's new.
It's complex.
And it's full of pitfalls.
So if you want the "cheat sheet" and crash course on how to do it right and how to learn quickly, you want the Easy Crypto School.
Now, if Rumble doesn't work for you for some reason, I also have a YouTube backup.
Watch here:
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