Investors are getting increasingly worried that a recession or major market crash is coming, Allianz says

Credit: Business Insider- Published on October 10, 2019
· *Nearly half of investors are worried that a recession is coming, or that a big market crash is on the horizon, according to a recent study by Allianz Life. *
· *There's a big difference in perception between age groups, the study found. Millennials are the most worried about a recession, but also the most comfortable with...

Video credit: The Street
Published on October 10, 2019 -  03:31
Why Hormel Foods CEO Isn't Worried About a Recession
People love food. At least, that's what Hormel Foods CEO Jim Snee told TheStreet. The CEO talked to TheStreet on the floor of the New York Stock Exchange ahead of his company's investor day. When asked about whether or not he was worried about a recession on the horizon after the company updated its 2019 guidance to $1.76 to $1.80 a share from $1.71 to $1.85, Snee responded: "I mean really it's consistent with what we said on our Q3 earnings call. We're only a couple of weeks out from the end of our fiscal year, so we thought it was really prudent to cut off the top end and the bottom in and give our investors a more realistic view of what we're expecting. But to your comment around, you know, a recession, I think we're in a great business. We're in a food business. You know, we always say people have to eat, but people love food, right? And nothing brings people together like food. And we like to call ourselves a global branded food company. It's all about the food." But let's talk about the millennial. After all, Hormel did just release a pumpkin spiced Spam. So, first of all, why? "We're always looking for new creative, innovative flavors and, I mean, over the last several years everything's pumpkin spice. So our team added that to the portfolio potential flavors and through the innovation process it made it to the top. The product tastes great and it's been an absolute craze with consumers," said Snee. Watch the full interview for more. Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

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