Walmart, JPMorgan, GM CEOs talk about possible slowdown

Normal Motors CEO Mary Barra speaks throughout a go to of the US president to the Normal Motors Manufacturing unit ZERO electrical car meeting plant in Detroit, Michigan on November 17, 2021.

Mandel Ngan | AFP | Getty Pictures

As 2023 approaches and the prospect of a recession looms, company America is making ready for a slowdown in client spending.

CEOs of main corporations together with Walmart and Normal Motors joined CNBC’s “Squawk Field” on Tuesday morning to speak inflation, rates of interest, geopolitics and what all of it means for his or her outlooks within the new 12 months.

This is what they mentioned:

Jamie Dimon, JPMorgan

JPMorgan CEO Jamie Dimon: Inflation is eroding consumer wealth and may cause recession

Mary Barra, GM

The consumer is still strong, but we are planning for conservative 2023, says GM CEO Mary Barra

Doug McMillon, Walmart

The U.S. consumer is still stressed and under inflation pressure, says Walmart CEO Doug McMillon

Scott Kirby, United Airways

United Airlines CEO Scott Kirby: We expect a mild recession, but travel is still setting records

Lance Fritz, Union Pacific

The U.S. economy is clearly slowing, says Union Pacific CEO Lance Fritz

By admin