Sales Force Issues Stark Warning to Businesses

More corporate mayhem brought on by the "uncertain market environment." Stocks of both Salesforce and Kohl's were hammered today as each company demonstrates in their own way just what the updated GDP numbers suggest. That latter data report also includes GDI which is almost certainly closer to the real economy all these other sources are projecting. 

Eurodollar University's Money & Macro Analysis

CNBC Salesforce shares tumble 20%, on pace for worst day since 2004
https://www.cnbc.com/2024/05/30/salesforce-stock-fall-earnings-revenue-miss.html

Bloomberg  Salesforce Shares Plunge by Most Since 2008 After Weak Outlook
https://www.bloomberg.com/news/articles/2024-05-29/salesforce-gives-weak-sales-outlook-with-slowdown-fears-growing

CNBC Kohl’s stock plummets 25% after massive earnings miss
https://www.cnbc.com/2024/05/30/kohls-kss-earnings-q1-2024.html

Kohl's Kohl's Reports First Quarter Fiscal 2024 Financial Results
https://investors.kohls.com/news-releases/news-details/2024/Kohls-Reports-First-Quarter-Fiscal-2024-Financial-Results/default.aspx

BEA  Gross Domestic Product, First Quarter 2024 (Second Estimate) and Corporate Profits (Preliminary)
https://www.bea.gov/news/2024/gross-domestic-product-first-quarter-2024-second-estimate-and-corporate-profits

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