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[Music] yeah lets look at uh why youre seeing some of this pressure here in the pre-market fedex has been the top trading ticker on yahoo fines the past 18 hours and not for good reason shares are getting run over this morning after the logistics giant delivered a brutal profit warning for the first fiscal quarter and withdrew its guidance for the full year this warning is having a ripple effect on the markets and fellow transport stocks stoking fears about more economic pain ahead and i have lots to say on this on this warning here guys but first and foremost lets keep in mind this you had this is a management that came out in management team that came out in june projected very rosy double digit earnings growth at a key investor day they were being really hit hard by an activist investor now here today theyre coming out with current quarter earnings guidance three dollars and 44 cents versus street estimates of 514 withdrawing their full year outlook and also voicing concern abo