“I was really excited and actually thinking about the podium, and then the races went terribly wrong, both in the sprint and the long race. We’re a very superstitious family and we just take (it) step by step,” he said.
GM’s current forecast for earnings of $11 to $12 per share doesn’t consider the potential impact of tariffs.The auto tariffs could be particularly painful because major carmakers have production spread throughout North America. Parts and the assembly process often cross multiple borders several times before a car is complete. Carmakers face higher costs and that could mean higher prices for consumers, prompting them to delay or forgo purchases.
UPS said that it modeled several different scenarios for how the year might play out because of the uncertainty over tariffs.China remains a key concern for the package delivery company. Many of the small businesses that UPS deals with rely on China for their goods. There is a universal tariff of 10% for imports to the U.S., but tariffs on imports from China are as high as 145%.“It’s China that’s the real uncertainty, I think, facing the economy,” said CEO Carol Tome, in a conference call with analysts.
The rest of the world at 10% tariffs is manageable, she said.Sherwin-Williams said it expects demand to remain choppy at least through the first half of the year.
The paint maker reaffirmed its earnings forecast for the year. It said about 80% of is revenue is in the U.S. and the “vast majority” of its raw materials are sourced in the region where it makes its products. That leaves it less exposed to tariff impacts.
AP Business Writers Dee-Ann Durbin and Michelle Chapman contributed to this report.Start to finish: 1 hour 50 minutes (20 minutes active)
4 tablespoons grapeseed or other neutral oil, divided2 medium yellow onions, chopped
2 medium red bell peppers, stemmed, seeded and choppedKosher salt and ground black pepper