I posted earlier on global delivery giant Fed Ex, citing their their wariness as a factor sending after hour stocks lower:
Earning conference call taking place now, some headlines crossing:
- Europe has weakened significantly since September
- China has slowed, partly in response to disputes on trade
- world trade growth slowed to 3.5% in Q3 of 2018 from 5.3% the same period last year
- sees indications even slower trade growth in the near term
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I gotta wonder that with oil prices dropping so hard we could see a decent trade growth bounce back