What Executives Have to Say on the US Economy

$Loews (L.US)$ Corp, Chief Executive Officer James S. Tisch: "I don't foresee a deep and debilitating recession. Rather, I can imagine that the slowdown will be relatively shallow, which is consistent with a full employment recession." (8/1)

$Vornado Realty Trust (VNO.US)$, Chief Executive Officer Steven Roth: "There are signs of a slowdown all around: a rapidly slowing housing market, falling consumer confidence and companies announcing hiring pauses or even layoffs. The inverted yield curve signals market participants expect a recession, and the forward yield curve predicts rates will come back down within a couple of years." (8/2)

$Starbucks (SBUX.US)$ Corp, Interim Chief Executive Officer Howard D. Schultz: "While we are sensitive to the impact inflation and economic uncertainty are certainly having on consumers, we are not currently seeing any measurable reduction in customer spending or evidence of customers trading down." (8/2)

$PVH Corp (PVH.US)$, Chief Financial Officer Zac Coughlin: "Revenue is lower than planned primarily because inflationary pressures weigh on consumer demand and our wholesale partners take a more cautious approach." (8/31)

$Caterpillar (CAT.US)$ Inc., Chief Financial Officer Andrew Bonfield: "Overall, we are not seeing signs of slowing demand as order levels and backlog remain healthy. However, the ongoing supply chain constraints continue to impact our ability to ship equipment." (8/2)

$Principal Financial (PFG.US)$ Group Inc., Chief Executive Officer and President, Principal Global Patrick G. Halter: "I think the second half of 2022 obviously has macro headwinds. And we could see some pullback clearly in alts performance and probably be below trend to what we've seen in the past." (8/9)

$SolarEdge Technologies (SEDG.US)$ Inc., Chief Executive Officer Zvi Lando: "The topic of renewable energy and climate change has a lot of governments around the world busy. And interestingly, in countries that are strongly linked to fossil fuel like Saudi Arabia, a push from the leadership over there to implement renewable energies and solar in particular." (8/2)