baker, seniorr vice president at stratfor.up, shares of fedex tumbling after cutting the forecast. this is bloomberg. ♪ fedex reporting earnings after the close. second quarter disappointed on both the bottom line and top line. for the full year, it has reduced its outlook once again. inex shares dropping 6% after-hours trading. us more, thomas black joins for some context. the company blames week global economic conditions, increased costs for expanded offerings, the loss of a large customer, i more that is amazon, and a competitive pricing environment. how much of this is fedex's own doing? >> i would say most of it. you have to do a comparison with ups, which has stabilized its margins and had a pretty good quarter. all with theame it economy. romaine: what is sort of the way out for fedex? smithe heard ceo fred talk about the trade war. like you said, ubs has found a way to navigate this. how does fedex right the ship? his fed -- is fred smith the right one to do this? thene thing is fixing european acquisition they did in

david: we are talking to matthew bey of stratfor.he president of the united states heads to london for nato celebrations. there is a big issue pending, maybe we will hear about possible sanctions about the french digital tax. explain that to us. matthew: earlier this year france put into place a digital tax on a global tech companies that largely hit u.s. tech companies because u.s. tech companies are the largest. the u.s. started a section 301 investigation on ranson particular and that investigation -- on france in particular and that is due to come out today. if they move forward with any kind of economic penalties against france, that can include tariffs and other measures. we are watching for that. the fact they are making this report public means they are probably going to be finding an affirmative and likely moving forward. the question is what is the scope, particularly when we already have the united states putting into place large tariffs on the eu as a relates to the airbus dispute. is: is frank -- david: france a little b

globale outlook for the economy and beyond in 2020 is rodger baker, stratfor's senior vice presidenttrategy. nice to have you here with us. a story on the bloomberg came out over the weekend that said chart of the economy, the world lives on. the global economy is really stumbling into 2020. how do you see the global economy next year? rodger: we are a little pessimistic. certainly, there is room for slow, gradual recovery in many parts of the world but we're eying many several crises that in and of themselves would not cause major problems, but that they start to compound or come together at the same time, there could be some serious challenges for global economic activity. carol: we love specifics, so be specific. if you had to rank your top two or three, what would it be for 2020? defaultthe argentine will be a big issue. it is not the people are not used to an argentine default, but looking at that as one of the aspects. we see similar social dynamics middle east,n the north africa. we think that can continue. some of those could pop out of whack. looking in china, they have thei

but the newly elected president of the bio rajapaksa has promised to unite the country and child stratfor reports there from the capital colombo there remains deep distrust among the group trees minority groups and voted overwhelmingly against him. only muhammad pasta func tree owned by his muslim family was burned down by a mob of around 100 people it happened during days of violence talks in sri lanka's muslim community to the easter sunday attacks suicide bombers who were members of a local group linked to eisele killed more than 250 people in the tanks and churches and hotels the newly elected president go to buy a rush upon his promise to protect minorities into every sri lankan and his words irrespective of race or religion. i think. you know i'm not political scientists but i think everybody. i think. if you will do not with the minorities if you do not. they are not working together you cannot. function that the buddhist nationalist group. which means buddhist power is accused of inciting hate and taking part in violence its acts because minority muslim and christian communities i