UPS CEO: US consumer is holding up

Discussion in 'The Latest UPS Headlines' started by cheryl, Oct 2, 2019.

  1. cheryl

    cheryl I started this. Staff Member

    UPS CEO: US consumer is holding up - Yahoo Finance

    The U.S. manufacturing sector may be in recession and the jobs market is cooling down, but the U.S. consumer is still alive and kicking says shipping giant United Parcel Service (UPS).

    “The consumer is holding up in the U.S., there is no doubt about that. We believe it will be a healthy peak season. We think e-commerce will continue to grow,” UPS CEO David Abney told Yahoo Finance.

    Despite Abney’s upbeat read on a key linchpin of the economy, there are cracks starting to emerge in the U.S. consumer is strong thesis. Full blame goes to rising uncertainty among consumers on the impact on their wallets from the Trump administration’s trade war with China.
  2. Fred's Myth

    Fred's Myth Nonhyphenated American

    Notice that their ‘wallets’ are never impacted by job security, only by their consumerism.
  3. olroadbeech

    olroadbeech Happy Verified UPSer

    most people don't have a clue until it's too late.
  4. Fuzzy Brown

    Fuzzy Brown Member

    136,000 new jobs added in September and unemployment at a 50 year low.
    Yahoo finance doesn’t let the facts get in the way of their hatred for President Trump do they?