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It's Wednesday, September 18th.

Welcome to Market Fuller.

I'm Chris Hill joining me in studio today.

She's not on Twitter, but she is here in the studio. Emily Flipping,

thanks for being here. Thanks for having me even though Twitter won't. I think

Twitter will have you. I get that question on Twitter every time you're on the

show. Like, where where is I was like

no she's maybe I won't have Twitter I'll put it that way there we go we've got

earnings we've got pet earnings packaged food earnings we're gonna start

with FedEx and technically these are

earnings. Although fourth quarter profits for FedEx came in lower than expected,

their revenue was also down, and they cut full year guidance and they didn't really hold back in terms of all

of the challenges that FedEx is facing as a company and if you look at FedEx as a bellwether business, then there is cause for concern because shares

of FedEx are down to 13%.

This is the worst day in over a decade.

Yeah, and FedEx is one of those businesses that tends to actually respond pretty

significantly into changes in the macro environment. So, you know, and they had this

poor report, to put it nicely, there were a lot of things that they pointed to as contributing, one of those being

the trade war, right, in a softening macro environment. Another one being the recently

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