News: This Economic Bellwether Gives Dire Warning
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 20 September 2024
⏱️ 14 minutes
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| 0:00.0 | Hello, Rebel Capital. Hope you're well. So we've got some big news coming out of FedEx, which is really considered a bellwether for the overall economy. I want to dive into those details but then I also want to go over to |
| 0:16.0 | Twitter to check out some really incredible charts from Lance Roberts. He does a lot with a good buddy Adam Taggart over at |
| 0:26.5 | thoughtful money is their podcast. So but let's start by going over to FedEx |
| 0:32.4 | and we check this out FedEx quarter. But let's start by going over to FedEx. |
| 0:33.0 | And we check this out. |
| 0:34.5 | FedEx quarterly profit disappoints as demand |
| 0:37.9 | for speedy delivery wains. |
| 0:40.2 | And disappoints is an understatement. |
| 0:42.8 | Look at what the stock is doing. |
| 0:44.8 | I know Josh if you can see that. |
| 0:46.8 | The stock is down 15.44%. |
| 0:51.6 | The stock is down $46. |
| 0:54.4 | What? |
| 0:55.4 | Let me see. |
| 0:57.2 | Let me make sure this is correct. |
| 0:59.1 | Oh yeah, jeez. |
| 1:00.5 | And this is today, I think it actually this news might have come out |
| 1:06.6 | look at that that's one hell of a chart right there man that is a wild e coyote looking chart. You just go from 300 and then you just get the right |
| 1:21.1 | hook from Tyson. |
| 1:22.6 | Kappow! |
| 1:24.1 | Holy, wow. |
| 1:27.2 | So again, when they say that FedEx disappointed the market, |
... |
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