FedEx founder and executive chairman Fred Smith weighs in on the state of the U.S. economy on ‘Kudlow.’ #FoxBusiness #kudlow
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Arbeit macht frei, again?
Covid mandates,
Shutting down thousands of truckers in California,
Fuel prices,
Etc
They both look like could use a workout.
🙏👍
It’s funny only Fox News and business affiliate actually interviews people relevant to the economy who have founded companies and know how things work, you never see this over at CNN it’s usually a guy who has no history holding a job or made any serious contribution to Society majority of the Biden appointees right there 😆
Just what I thought. No video about Trump's rally in Ohio on Fox network.
both Fedex and UPS are in decline, other more fexible and theologically advanced providers are alreday taking over the market
Work is never an option, unless you’re cool with living in poverty. The Biden admin would rather we chose poverty for it makes a public dependent on politicians.
I love economics and Fred Smith has for a long time been sort of "At God Status". Thank you Larry for this interview and I am going to listen to it over and over, maybe ten times to make sure I do not miss anything. Freds wealth of knowledge is incridable.
Why do we “assume “ that policies such as shutting down fossil fuels is a “good thing”.
He seemed so measured and restrained. The majority of Americans recieve some type of benfit (Medicare, medicaide, unemployment benefit, welfare, etc etc) from the govt. This is very bad for a country and democracy. In middle east, people depend on the govt and the government neither fears or cares what the people want, we are getting there.
A can of soup $2.00 Eeeeeeek you're favorite bread $7.19 a loaf 🤑😝😳
Amen well said
Democrats letting cheap labor in everyday they will take your jobs for sure!! And they don't complain
Fred and Larry are spot on. It's the democrats promising all free stuff for no work…a socialist concept that fails over and over again when they run out of other people's money. Those lefty kids probably worked a few days in their lives and decided they didn't like it. Likely because they never had a father in the house to teach them anything and so they were left on their own…flapping like a loose sail in a strong gale…no direction.
i dont trust people that have a higher exposure to lead (we use to use Leaded Gasoline)
You know they want ship your gun parts any more
@0:18 Laughs in UPS this guy is so full of it. Fedex just dropped over 20% and is closing facilities left and right
Young people do not want to spend the only life they have delivering packages ,being constantly under surveillance via camera ,breaking down their bodies slowly etc etc what a shocker.
I just heard “a cogent energy policy” well never mind.
Lol this guy has made millions of the back of cheap labor. He just wants cheap labor and labor with no options 😕 so he can take advantage of them. It's not an excuse to say oh we don't have the help that's why we cut our projections by half lol. If you paid better you have the help. No you just want cheap labor 😒 . Mindless laborers with no room for advancement.
The people's representatives in Washington should not have "work optional" options. We agree, they don't accomplish anything, ever.
Two very intelligent men , ignored by an incompetent administration.
Fred Smith as usual is right. Great guest for the show.
Truth!
Until fed ex changes their policies and delivers all legal packages, I never use them, and I certainly wouldnt work for them!
Fred Smith for President 2024? (stroking chin)
Fred please fix your company
What I see is large mega corporations like FedEx that have had three or four decades of surplus labor that they could use and abuse. It's been this way for so long they don't even have the know-how to deal with a shrinking labor force much less change the toxic work culture. This Covid-19 pandemic really hit the baby boomer generation hard. Most that were in a financial position to walk away did so and they are not coming back. So corporations like FedEx better figure out how to deal with this new generation because labor is only gonna get tighter.
I don't think its people not working, I think its demographic collapse. Boomers are retired and no one is there from gen x y or z to fill them
I used to work for that company when FedEx custom critical took over Robert's Express. In that time in history corporate America had a budget to spend and made spend it the last quarter of the year we were hauling freight for mega bucks and she was less than a dollar now is an owner operator you struggle the rights aren't as good and it feels a lot higher
Mama always told us if you don't work you don't eat none most of these would be employed workers live at home with Mommy and Daddy and there's no requirement to get a job sad sad sad and I got a few more years and I get to retire I don't see it happening I'm in the transportation business we're already short-handed as it is and it's not an easy job to do when you're gone weeks at a time and you never home for holidays funerals weddings any of that you lose your friends and just lucky that you haven't died out here with all the crazy people that don't think the rules apply to them I'd like to text while they drive this is a generation that's coming up it's going to support us and these are the ones that don't want to work work is beneath them
Free money free free money that's what they want let me sit home and smoke my dope and play video games and give me a check and food stamps and everything else that's similar went on way too long and yes there was a requirement at one time that you had to go out and find a job unfortunately when you turn down a job that is good job they can't tell the unemployment office that they refuse this job. Talk to Warren Buffett he has a steel company that people come in just to fill out the application to meet the requirements and then they're called back for an interview and they don't want to come back because they have to work for a check they'd rather just sit at home and get that check and those people with that steel plant do not have enough people to actually run it and they can't get anybody because of the free money. If you turn down a job opportunity that pays good wages and is in something you could do then you shouldn't be eligible for any more benefits and that's the problem there's still eligible? Times like this is good paying good job but they don't want to work they want to send it home play the video game smoke the dope and how many of these people that have been sitting around taking this free money and stimulus could pass a drug test the numbers are getting larger and larger with each state legalizing marijuana
Fred is a great American. I wish he would run for office.
BLAME HOARDERS FOR A STAGNANT ECONOMY…
People do want to work but for dare wages, hours and benefits.
Here's another perspective on the remark in the title to this podcast that suggest that the working class aren't working as much these days, at least some don't appear to be putting in a forty-hour week any longer but instead some are subsisting by drawing on the different government aid programs and why not? For many years now we have more and more people working one or two jobs and still just barely able to scrap by while the rich are getting a whole lot richer. It simply doesn't make sense to get out there and slave your life away and never get ahead so why not collect the government aid if all you're going to do is barely subsist anyway?
That's the best explanation I've heard, period! (Not political, but practical)
Thank you sir.
{ps..give Diane & Buddy my regards} 🇺🇸
Optional? Hundreds of millions of people still work though
So, what, we make all the trust fund shts WORK?
AHAHAHAHAAAAAA
UPS is not having these issues. …that's because Ole Freddy has contractors, no union. So tired of FedEx whining, pay your people better.
Inflation comes in hotter Than expected and the market has been rallying. If you needed a real-life example of why it's nearly impossible to time the market, here it is.
anybody who agrees with discount statler and wardorf here is part of the problem, and either rich already or too stupid to know they're being ripped off
Y’all can get the immergrant to work they living off our tax dollars get Uber Ed fro state to state
So how America surplus the economy in lock down what Polticans did
Fred Smith received a C on the thesis that he wrote because his professor thought it was impossible. Smith had come up with the idea of overnight flights into one airport, ( Memphis ) to perform overnight shipping anywhere in the lower 48. His professor countered the idea saying it could not be done. In this case, the C student outperformed others who received an A.
His founding of the company named Federal Express, later morphed into just the name Fedex, since everyone had shortened the word in everyday terminology.