Craig Fuller, the CEO of FreightWaves, a freight-focused organization that analyzes the freight and logistics market, has regretted "enthusiastically" supporting President Donald Trump's victory in the 2024 election, warning that the administration's policies are likely to "wipe out supply chains and small businesses within 100 days."
Craig Fuller was a strong Trump supporter and actively campaigned to serve in his administration. The tone shift on FreightWaves in the lead-up to E Day and in the weeks that followed did not go unnoticed. So, while this is correct, I want to shout from the depths of my soul, FUCK YOU, CRAIG.
-- Sarah O'Neill (@girlvgrizzly.bsky.social) April 18, 2025 at 8:16 AM
#17: Oligarch Dotard Trumpf, the worst president of all time (past, present, and future) will be ushering in another era of Hoovervilles as if we don't have enough homelessness and under-employment already: slideplayer.com
@#16 ... Trump's tariffs driving thousands of layoffs at US manufacturing plants ...
Related...
CEO gloom rivals financial crisis as tariffs hit S&P 500 stocks
finance.yahoo.com
... Not since the financial crisis has Corporate America been so downbeat about the state of the economy in earnings calls, an ominous sign for investors trying to figure out how much more pain Donald Trump's trade war will inflict on the stock market.
The ratio of positive to negative comments on macroeconomic conditions during this reporting season has dropped well below its average and is on track for the worst proportion since 2009, according to a Bank of America Corp. (BAC) analysis of the first conference calls.
Earnings season is usually a boon for equities, but with the S&P 500 (^GSPC) down nearly 15% from February's all-time high as investors brace for the fallout of Trump's attempts to rewrite the rules of global trade, the stakes could hardly be higher this time around. That's especially true for firms with profits more closely tied to vagaries of the economy, like carmakers and transports.
Some executives are struggling to gauge the impact of the White House's rapidly shifting policies on their businesses. That's further pressuring US stocks that threatened to sink back toward a bear market in recent days on the heightened risk of a recession and a resurgence in inflation from Trump's levies.
"Almost every corporate CEO is revising down their outlook," said veteran market strategist Jim Paulsen. "The commentary warnings of the corporate sector have escalated." ...
Perhaps this is why Pres Trump has been retreating from his hard line positions on tariffs of late?
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