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Whirlpool says Trump's Iran war is causing ‘recession-level industry decline.’ The shares are down 20%...
"War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March," Whirlpool said.
"The comments underscored how sharply higher fuel prices and collapsing consumer confidence are beginning to weigh on big-ticket purchases."
"The company also slashed its full-year earnings guidance roughly in half, cutting its forecast to a range of $3 to $3.50 a share from a prior outlook of about $6 a share."
To celebrate the "industry decline," Whirlpool plans to raise appliance prices by 4% in July, so you can pay more for the washing machine you were already too broke and too depressed to buy!
"Trump will bring prosperity! ~Dope1, free speech advocate
cnbc.com - Whirlpool says iran war causing recession level industry decline the shares are down 