Dupont is confirming the slower global GDP growth. DD guided down to 3.87-3.95. Current analyst expectation are 4.03. Approximately a 4% decline.
Not horrible, but not great either. IMO, this confirms a slower global GDP growth, as highlighted weeks ago.
The market has a lot of this priced in, but its not something we like to actually see.
Although a keep point, DD said agriculture/food biz was still strong.