Some sectors are complicated by individual companies not directly tied to tariffs or global trade. Industrial earnings, for example, are complicated by the particular case of Boeing and its issue with the 737 Max jet. Third quarter earnings are estimated to fall 38.5% from expectations earlier in the year.
Regardless, tariffs are a major obsession for corporate America. John Butters at Factset notes that nearly one-fourth of the companies in the S&P 500 discussed the term "tariff" on earnings calls for the second quarter, a 40% jump from the second quarter.
CNBC Doom-and Gloom Merchants.
CNBC's solution is to allow China to exploit the United States. Maybe we should absorb some short term pain for a long time gain. Think of it like compound interest.
Nowhere in the article is it clear that earnings are about to turn negative. A slowdown in earnings growth, yes, but how do you get to negative earnings? Author's opinion? Of course lots of things COULD happen, but you should put a probability of that happening. 1%, 10%, 75%?
Fix this crap already!! realDonaldTrump
It’ll go negative but earnings aren’t the problem. Carry on.
The cnbc criminal fomenting carnival barkers had to change it up today, it’s not fears, or worries, it Jitters, lol..
Sounds like wishful thinking on MSNBC's part.
Fake news and scare campaigns please enough respect your readers .
The deficit is above $1 trillion. The debt is above $22 trillion. Trump said his tax cuts would grow the economy 5%. The most recent quarter was 2.1%. Thanks to his trade war, farmers need bailouts and US manufacturing is in a recession. Job growth is weaker than under Obama.