U.S. markets closed

FedEx lowers guidance, cites ‘significant challenges’

FedEx reported earnings Tuesday, slashing its profit and revenue forecast as the company deals with increased costs. FedEx is facing challenges from the ongoing trade war, weighing on its Express unit, which handles deliveries via jet. The company also lost a big revenue source earlier this year after it cut ties with Amazon. Yahoo Finance’s Dan Roberts, Sibile Marcellus and Kristin Myers discuss on YFi AM.