earnings season is starting:
– Apple guidance cut
– Macy's guidance cut
– Delta guidance cut
– Ford firing thousands
– Jaguar firing thousands— zerohedge (@zerohedge) January 10, 2019
- Apple cut revenue guidance (for the first time in 16 years)
- Macy’s cut profit guidance, sending its shares plunging the most on record
- Barnes and Noble cut profit guidance
- FedEx cut profit guidance
- American Airlines cut guidance
- Delta cut profit guidance
- Kohl’s reported a plunge in comp store sales
- Ford announced it will cut thousands of jobs in Europe
- Jaguar announced it will cut 10% of its workforce
- Blackrock announced it will cut 500 jobs
- State Street announced it will cut 15% of its senior management
- AQR announced it will cut dozens of jobs
- United Technologies ended sale of Chubb fire-safety as bids were too low.
www.zerohedge.com/news/2019-01-10/earnings-season-dismal-start-warnings-guidance-cuts-mass-layoffs
Boy you gotta cut it pic.twitter.com/bxFCOVDFh5
— Teddy Vallee (@TeddyVallee) January 10, 2019
BAML trims its Q4 GDP forecast, citing the #shutdown, and says Q1 could be at risk, too — “meaningfully” if the standoff continues into March.
(via @pattidomm) pic.twitter.com/8tCZo4ebu0
— Carl Quintanilla (@carlquintanilla) January 10, 2019
— M/I_Investments (@MI_Investments) January 10, 2019
Germany in a recession is a pretty big deal. Largest economy in Europe, accounting for one-third of industrial activity, and fourth biggest GDP on the planet. No such thing as global decoupling.
— David Rosenberg (@EconguyRosie) January 10, 2019
BLACKROCK: Powell’s pivot “ultimately is likely to be insufficient to calm markets, as it lacks a clear commitment to a sustained pause … or in balance sheet unwinding, and the latter factor is still contributing to the decline in global liquidity, in our view” pic.twitter.com/4qDph6d11J
— Carl Quintanilla (@carlquintanilla) January 9, 2019