From Yahoo Finance: 2025-05-28 08:22:00

CSX Corp. CEO Joe Hinrichs discusses the US economy and industrial growth on Yahoo Finance’s Opening Bid podcast. Despite a strong service economy, industrial growth has been stagnant. Hinrichs sees moderate economic growth ahead, with no decline in order requests indicating steady demand. CSX operates a 20,000-mile rail network. Hinrichs expects volume growth consistent with first quarter guidance. The US economy shows mixed trends, with tariffs impacting supply chains and corporate earnings. Retail giants like Walmart and Target warn of higher prices due to tariffs. The US economy shrank by 0.3% in the first quarter, attributed to a surge in imports ahead of tariffs. Preliminary data shows consumer sentiment at a record low. Apollo Global Management’s Torsten Sløk warns of significant headwinds to corporate earnings from tariffs. Follow Brian Sozzi for more insights on business and markets.

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