Volatile session to end rough week, FedEx and Fed Expectations 9/16/22
Stocks fell Friday to end a rough week on Wall Street, though the major averages finished well off the lows of the day. Lisa Erickson from U.S. Bank and Jeff Saut from Saut Strategy debate if they’d recommend buying U.S. equities now. Former CEA chair Jason Furman discusses what fears of a global recession could mean for the Fed’s decision next week. Broughton Capital’s Donald Broughton and China expert Dewardric McNeal break down the major earnings warning from FedEx and what it says about transports and China. Plus the latest on Uber’s hack, Apple’s iPhone on shelves, and GE’s red flag.
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