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The larger they are, the more worried they are; big companies are worried as we enter an time of uncertainty in the market. Proctor and Gable lowered guidance citing softness in developed markets, Fedex as well warning of soft global economy may pressure profits, and McDonald’s warning of global weakness would pressure Q2 earnings. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins CNBC Closing Bell to discuss the storm cloud brewing over multinational companies and their Q2 outlooks.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: cnbc, fedex, financial advisor, global weakness, market, mcdonald's, proctor and gamble, q2 earnings, wealth manager