Nike, FedEx Latest to Pull Back Forecasts on Trump's Tariffs

Nike, FedEx Latest to Pull Back Forecasts on Trump's Tariffs

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel

Today’s Podcast Features are:

Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, recaps Nike earnings.
Nike Inc.’s turnaround effort is hitting snags as the company tries to clear out old inventory while feeling the effects of a growing trade war.
Shares fell in trading Friday as the sportswear maker signaled further declines in revenue and profitability from an ongoing merchandise reset that the company says is necessary to renew growth. Nike also expects gross margin to decline sharply in the current quarter from a year earlier.

Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst, recaps FedEx earnings.
FedEx Corp. shares tumbled after the parcel delivery company lowered its full-year guidance for a third consecutive quarter, citing inflation and uncertain demand for shipments. Adjusted earnings are now expected to be in the range of $18 to $18.60 per share this fiscal year, below the $18.95 average analyst estimate. FedEx also cautioned that revenue may be slightly down versus the prior year, compared to its previous expectation that sales would be roughly flat.


Hessam Nadji, CEO of Marcus & Millichap, joins to discuss the latest in commercial real estate.
He discusses why commercial real estate is well positioned for economic uncertainty. Commercial Real Estate remains an enticing alternative in periods of elevated economic and financial market uncertainty. The durability of commercial real estate in times of elevated inflation may become an increasingly favorable investment option.

See omnystudio.com/listener for privacy information.

Jaksot(3295)

DOL's Shierholz: Increase in Hours Offsets Job Growth (Audio)

DOL's Shierholz: Increase in Hours Offsets Job Growth (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Heidi Shierholz, Labor Secretary Tom Perez's Chief Economist at the Department of Labor, on the April jobs report.See omnystudio.com/listener for privacy information.

6 Touko 201611min

Predicteform's Zucker Favors Nyquist, Outwork for Derby (Audio)

Predicteform's Zucker Favors Nyquist, Outwork for Derby (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Dan Zucker, Co-Founder of Predicteform.com, on what his proprietary models are forecasting for the Kentucky Derby.See omnystudio.com/listener for privacy information.

6 Touko 20168min

Ballotcraft's Jiang on Creating a Fantasy Politics Game (Audio)

Ballotcraft's Jiang on Creating a Fantasy Politics Game (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Dennis Jiang, CEO and Founder of Ballotcraft, a fantasy politics game founded by two Stanford grads, where thousands of players use fake money to buy "shares" in candidates.See omnystudio.com/listener for privacy information.

4 Touko 20168min

Roger McNamee Says Replace Alfalfa Fields With Marijuana(Audio)

Roger McNamee Says Replace Alfalfa Fields With Marijuana(Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Roger McNamee, Founding Partner of venture capital firm, Elevation Partners, on Facebook and Apple, why the collapse of the unicorn bubble shouldn't worry investors, and the cannabis industry.See omnystudio.com/listener for privacy information.

4 Touko 201611min

Lord Browne on 'The Glass Closet': Inclusion is the Key (Audio)

Lord Browne on 'The Glass Closet': Inclusion is the Key (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Lord John Browne, executive chairman of L1 Energy and former CEO of BP, and author of "The Glass Closet" on the business embargo in North Carolina over its current anti-LGBT laws, and why it's good for companies to be LGBT friendly.See omnystudio.com/listener for privacy information.

4 Touko 201611min

Morningstar's Wasiolek Says Priceline is Well Positioned(Audio)

Morningstar's Wasiolek Says Priceline is Well Positioned(Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Dan Wasiolek, Senior Equity Analyst at Morningstar, on Priceline earnings, how the company benefits from scale and international bookings, and general travel outlook.See omnystudio.com/listener for privacy information.

4 Touko 20168min

Stanford's Taylor Sees Advantage in Normalizing Rates (Audio)

Stanford's Taylor Sees Advantage in Normalizing Rates (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: FED IN FOCUS: John Taylor, Professor of Economics at Stanford University and Senior Fellow in Economics at the Hoover Institution, on global financial instability and the roles central banks play.See omnystudio.com/listener for privacy information.

4 Touko 201619min

Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. Guest: Bloomberg stocks editor David Wilson on today's market winners, loses, and Stock of the Day: Glaukos (GKOS).See omnystudio.com/listener for privacy information.

4 Touko 201612min

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