"Kraft Heinz says US headed into worst #recession ever as consumers aren’t even buying staples."
-Bloomberg

"So the fact that we have now, in one of the worst consumer sentiments we have seen in decades"

"the profit revision is a function of lower expectation on consumption in the US"
-Conf call, h/t D Tsubouchi

"We see these pressures as persisting beyond the Q4, leading to a longer path to consumer recovery."

#Trumpcession #Economy #Consumer #Fascism #Protest #USPol
reuters.com/business/retail-co…

“Cleveland, OH is experiencing one of the most significant YoY trucking volume drops of major manufacturing cities. Down 35% YOY.

Dom freight out of LA is at the weakest levels (seasonally adjusted) it’s been since 2020.

Up till now, the "Liberation day tariffs" haven’t been a factor in declining volumes out of S Cal.

It’s going to get worse.”
-C Fuller

Trump’s #tariffs are decimating the #economy. Unless they’re rescinded soon, there’ll be a deep #recession by the fall.
#Trumpcession #USPol

AFP-- US stocks plunge on recession fears, Nasdaq tumbles 4.0%

#Trumpcession #TrumpCrash #TrumpTax

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