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FedEx recently reported its second-quarter profits, which exceeded expectations. However, this positive news was overshadowed by a significant downturn in stock performance. CEO Fred Smith wasn’t shy during the earnings call, cutting guidance for 2019 and attributing the company's struggles to a series of global political decisions. He highlighted issues like the weakened Chinese economy due to tariffs, the immigration crisis in Germany, and other macroeconomic factors as obstacles to the company's growth.