Today on Motley Full Money, a conversation about the future of agriculture and a sign that

more companies are cutting back on spending.

I'm Chris Hela, I'm joined by Motley Full Senior Analyst Jason Moser.

Thanks for being here.

Wouldn't it be nice if we woke up and the stock market just was bouncing up magically from here?

What is this you speak of?

But that's not the case.

That's not the case. We are in a rough patch for anyone who wasn't paying attention previously.

We are in a rough patch.

And the new wrinkle is that it's clear now we're getting a growing body of evidence that the people

running public companies are keenly aware of where we are in the market.

And the latest example is with Uber because CEO Dara Kashra Shahi sent an email to employees saying

Uber is going to cut their spending on marketing. They are going to treat hiring as a privilege.

And I will just quote from early and this is posted online for anyone who wants to read it.

But early in this email he writes after our earnings report,

I spent several days meeting investors in New York and Boston.

It's clear that the market is experiencing a seismic shift and we need to react accordingly.

We can go in any number of directions Jason but the striking thing to me is the use of the phrase

seismic shift. That it's one thing for us as investors say, boy we're in a bad stretch here.

And it's another thing for the CEO of a public company to say, we are as of this moment

rethinking pretty much everything we're doing. Everything is on the table.

Yeah well I mean it makes a lot of sense. I do appreciate the fact that they're going to pull back

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