FedEx CEO warns of a looming ‘worldwide recession’
FedEx CEO warns of a looming ‘worldwide recession’
(NewsNation) — Stocks fell broadly on Wall Street Friday, responding in part to FedEx’s warning of a “worldwide recession,” as well as the company’s disappointing earnings.
FedEx CEO Raj Subramaniam told CNBC’s Jim Cramer that he believes a global recession lies ahead based on his company’s metrics on the network’s show “Mad Money.”
“The weekly numbers are not looking so good, so we just assume…