It's Wednesday, March 20th.

Welcome to Market Foolry.

I'm Chris Hill joining me in studio today from M-P-Ponds, Bill Barker.

Thanks for being here.

Thanks for having me.

We've got some surprising news from General Mills.

We've got a hot IPO coming up.

We're gonna start with FedEx stuff.

We gotta start with the bellwether

because FedEx reported after the market closed yesterday, third quarter profit and revenue came in lower

than expected, they lowered guidance for the full year and by the way that is the second time they've done that

for 2019 and not surprisingly shares of Phoenix down 4 or 5% this morning.

Yeah, following on many other declines over the last half year or so down about 30% from its highs.

As the story goes, the global market is showing signs of slowing and FedEx very much is in the

crosshairs of that and additionally the stock has been hurt by sort of increased rumors that and actions that

Amazon is getting into the to list the logistics and delivery space.

So there's not a lot of positive sentiment to start with,

and the numbers today and the numbers predicted for tomorrow,

there's nothing going the right way at the moment.

So nothing big is going their way at the moment but Fred Smith, the CEO, talked about how some of

the investments that they've been making are starting

to pay off a little bit, particularly in Europe.

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