we have gotten a ton of these earnings that are actually fascinating looking at ups thats where i want to start they said that annual sales would come in below are sort of at the lower end of the guidance as expected by analysts they cited slowing demand for us retail they also cited slowing demand over in china though shares down about four point seven percent interesting to note that those shares were up about 13 percent year to date so an all out performer so far in 2023 but lets see how long that lasts fedex following and sympathy down one point four percent and 3m weve been talking about this the year of efficiency isnt just necessarily for big tech because theyre planning 6000 job cuts those shares rising by one point seven percent but what does this say about how the nature of job cuts are changing at a time when really the way to boost income is simply to increase efficiency and a new way im also looking at the banking sector we got first republic earnings yesterday it was really unimpressive to put it mildly especially given the fact that there was no press conference so shares lower by more than 21 percent and then the other regionals falling in sympathy park west were going to be getting today at 420 pm three point seven percent loss ahead of the open a three point five percent loss now that was what it was earlier im looking at western alliance as well which already reported earnings down two and a half percent in sympathy with first republic