Jon Chappell, Evercore ISI analyst, joins 'Squawk on the Street' to remark on his downgrading of FedEx, and reflect on whether the stock's selloff is the result of micro or macro activity.

Why Is FedEx (FDX) Stock Down 20% Today?

10:59am, Friday, 16'th Sep 2022
Source: Antonio Gravante / Shutterstock.com FedEx (NYSE: FDX ) is set to report lower earnings. Now, that news is sending FDX stock down over 20% in trading.
Transports stocks are taking a hit today, after FedEx Corporation (NYSE:FDX) issued a dire profit warning, with the company's CEO telling CNBC's Jim Cramer that he believes the global economy is head

FedEx stock plunges on brutal profit warning

10:01am, Friday, 16'th Sep 2022
Yahoo Finance Live anchors Brian Sozzi, Brad Smith and Julie Hyman discuss stock performance for FedEx.
US stocks fell on Friday morning after FedEx served investors a brutal pre-earnings announcement about the state of the global economy.
'Mad Money' host Jim Cramer joins 'Squawk Box' ahead of the market open on Friday to discuss FedEx CEO Raj Subramaniam's warning of a "worldwide recession."
Macroeconomic weakness in Asia and service challenges in Europe are likely to hurt results of FedEx's (FDX) Express segment in Q1.
FedEx said it saw softness in global volume accelerate during the final weeks of its fiscal first quarter.
U.S. stocks opened lower after a FedEx profit warning and as investors worry about rising interest rates in the wake of inflation running hotter than expected in August. The Dow Jones Industrial Avera
Markets are falling Friday morning as investors try to digest the implications of the latest news from an industry leader.
CNBC's Frank Holland joins 'Squawk Box' to break down shares of FedEx, which fell sharply after the shipping company pulled its guidance and warned of a "worldwide recession."

FedEx Just Delivered Terrible Earnings News

08:21am, Friday, 16'th Sep 2022
FedEx missed quarterly earnings and withdrew earnings guidance for the full year after the close of trading on Thursday.
FedEx shares plunged 21% in premarket trading Friday after it warned last Thursday that a slowing economy will cause it to fall $500 million short of its revenue target.
Amit Mehrotra of Deutsche Bank discusses FedEx's profit warning and whether the issues the company is experiencing are also being felt by the competition such as UPS.
FedEx Corp. shares fell nearly 17% in the extended session Thursday after the logistics company pulled its outlook for the year, called for significantly lower quarterly profit and lower revenue, and
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