FedEx Raises Profit Outlook on Network Overhaul

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst, joins to recap FedEx earnings. FedEx Corp. raised its full-year profit forecast, sending the courier’s shares up the most in 10 months and signaling the plan to restructure its delivery network is gaining traction despite economic volatility.
- Diana Gomes, Bloomberg Intelligence Senior Equity Analyst, joins to discuss the latest from Unilever. Unilever is in talks to sell its food business to McCormick & Co., with the food business having a potential equity value of as much as €29 billion. A sale would mark the biggest transaction in McCormick's history and transform Unilever into a major household and personal care company, ending its competition with Big Food rivals.
- Jody Lurie, Bloomberg Intelligence Credit Analyst joins to discuss the latest on the cruise industry, Caesars, Six Flags, and other companies that have come under pressure. A potential take-private acquisition of Caesars by Tilman Fertitta shows rising risk for its bonds and those of others in leisure, gaming and related sectors, including Penn Entertainment, Norwegian Cruise Line, Hertz, Avis, United Parks and Six Flags.
- Randall Williams, Bloomberg Business of Sports Reporter joins to discuss the start of March Madness and the latest from the WNBA. The WNBA and Women’s National Basketball Players Association reached a verbal agreement on the terms for a new collective bargaining agreement early Wednesday reported by ESPN.

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