Cramer: FedEx's outlook is a 'dispiriting' call about the economy

10:34 AM ET Wed, 18 Sept 2019

Shares of FedEx plunged about 12.8% in early trading Wednesday, after the delivery giant blamed the U.S.-China trade war for quarterly earnings and revenue that missed estimates. CNBC's Jim Cramer explains why he thinks the FedEx earnings report and conference call suggest a bleak economic outlook.