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CEOs wary of jitters among US consumers as global tensions rise

The Straits Times

|

January 26, 2026

Uncertainty over federal policy seen overshadowing positive news from firms

As the US earnings season gathers momentum, early results are offering a window into the economic and political crosscurrents shaping Corporate America’s outlook for the year ahead.

Airlines were among the first to flag risks. Delta Air Lines struck a cautious tone on profits amid geopolitical uncertainty, while United Airlines Holdings warned that global tensions could weigh on travel demand. Meanwhile, executives at consumer staples giants Procter & Gamble and McCormick said shoppers remain cautious.

3M, maker of Post-it notes, roofing granules and electronics materials, fell the most since April after its outlook missed estimates. It said the macro environment remained uncertain for its consumer and auto businesses. Signs of strain are lingering in industrial sectors as reports from distributor Fastenal and logistics company J.B. Hunt Transport Services disappointed investors.

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