
- In today’s CEO Daily: Diane Brady talks to Prologis CEO Hamid Moghadam about inventory stockpiling amid tariff-induced chaos.
- The big story: Stocks implode—and it’s not over yet.
- The markets: Blood on the streets.
- Analyst notes from UBS on recession, JP Morgan on ‘ugly’ US exceptionalism, Evercore ISI on stagflation, and Barclays on DOGE.
- Plus: All the news and watercooler chat from Fortune.
Good morning. As investors and business leaders brace for a possible tariff-induced recession, some may wonder if there are opportunities amid the chaos. Meet Prologis Chairman and CEO Hamid Moghadam. The company, No. 463 on the Fortune 500, is a leader in building and managing 1.3 billion square feet of warehouses and logistics facilities in 20 countries. And Moghadam is seeing the impact of the trade wars firsthand.