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WARNING AND THE STOCK IS GETTING CRUSHED THIS MORNING THAT PHRASE GETS TOSSED AROUND A LOT, BUT WE ARE NOT EXAGGERATING FRANK JOINS US WITH MORE A LOT OF QUESTIONS ABOUT WHAT HAPPENED HERE AND WHETHER THIS IS A FEDEX PROBLEM OR REALLY A SYSTEMIC ONE YEAH, A LOT OF QUESTIONS ABOUT THIS REPORT AND WHAT IT MEANS FOR THE ENTIRE ECONOMY SHARES PLUMMETING AFTER A REVENUE AND EPS MISS PROFIT 33 BELOW ESTIMATES IN THIS EARNINGS WARNINGS THE CEO RAJ SUBRAMANIAM, WHEN ASKED IF WE WERE ON THE BRINK OF A WORLDWIDE RECESSION, HE SAID YES, SAYING A MAJOR FACTOR IS THE SLOWDOWN IN CHINA AFTER COVID LOCKDOWNS. ASIA IS THE CENTRAL MANUFACTURING IN THE WORLD SO WHEN YOU SEE THESE THINGS HAPPEN, I FEEL ITS A LEADING INDICATOR OF SOMETHING MORE PROFOUND THE U.S. HAS BEEN SOMEWHAT INSULATED BECAUSE THE U.S. DOLLAR IS THE CURRENCY OF CHOICE FOR THE WORLD AND THERES SOME INSULATION THERE BUT, YOU KNOW, I DO SEE THE U.S. AS SLOWING DOWN TOO. FEDEX GUIDANCE JUST ABOUT AS BLEAK AS THOSE C
