Earnings season is starting, BAML trims its Q4 GDP forecast, Germany in a recession

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  • 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.
See also  Germany: The first federal states no longer want to pay for the loss of earnings in quarantine.

www.zerohedge.com/news/2019-01-10/earnings-season-dismal-start-warnings-guidance-cuts-mass-layoffs

 

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