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Why Craig Fuller is bullish on the second half of 2025
Why Craig Fuller is bullish on the second half of 2025

Yahoo

time2 days ago

  • Business
  • Yahoo

Why Craig Fuller is bullish on the second half of 2025

Supply chains are in a time of exceptional uncertainty, says Craig Fuller. 'You'd never know with Trump whether he'll go through with it. But they could agree to do something. You just never know. That's the problem,' said the founder and CEO of FreightWaves, speaking on the unpredictable nature of tariff announcements that are reshaping global supply chains. Fuller recently appeared on 'Street Signals,' a weekly podcast produced by State Street Markets that explores markets and macroeconomic trends. The show is hosted by Tim Graff, head of macro strategy for Europe, who brings together insights from strategists, traders and business leaders on current financial market developments. During the episode, Graff highlighted the challenge of forecasting economic effects from widespread tariffs on U.S. imports, especially given constantly changing headlines. Just hours before recording the episode, President Donald Trump had announced 50% tariffs on goods from the EU starting June 1, only to delay them until July 9 the following Monday. 'Good luck trying to gauge the timing, direction and magnitude of any economic impact, good or bad, that all this might actually have,' Graff noted. Fuller, who grew up immersed in the trucking sector, offered an insider's perspective on the freight market's intricate dynamics amid ongoing global trade shifts. He emphasized that the freight logistics industry is 'one of the most fragmented markets on the planet' with approximately 400,000 trucking companies and countless participants. This fragmentation presents significant challenges but also opportunities for data-driven insights. The conversation shed light on how current tariffs have disrupted supply chains worldwide. Graff pointed out the unpredictability of economic effects from these tariffs, stressing the difficulty of forecasting amid ever-changing headlines. These dynamics have highlighted the critical role of high-frequency data in anticipating economic cycles and supply chain disruptions. Fuller said the freight market is currently experiencing volatility due to issues such as tariffs and trade policy changes. Despite these challenges, he remained bullish about the second half of the year for freight. Fuller highlighted the impact of high-frequency data and the ability for FreightWaves to predict market trends, including potential recessions and recovery periods. His outlook suggested that companies might overprepare inventories due to uncertainty in international trade, which he viewed as a net positive for the freight industry in the short term. Additionally, Fuller anticipated that geopolitical tensions, especially between the U.S. and China, will lead to an increase in sourcing from the Americas. The freight market's state reflects broader economic activities, with sectors such as trucking and international containers acting as bellwethers for consumer demand and industrial cycles. Trucking data, in particular, proves hypersensitive to consumer activity, providing real-time insights into the U.S. goods economy. Meanwhile, international container markets respond vigorously to global trade policy changes, becoming a focal point of trade tensions. Fuller noted the ability of freight data to predict economic shifts, citing a February 2022 warning of an imminent 'freight recession' confirmed six weeks later by increased retailer inventory levels. A similar prescience was displayed during China's post-COVID reopening, when FreightWaves' data contradicted bullish predictions by showing a 40% drop in container volumes. Comparing current challenges to the pandemic, Fuller observed the strain on the supply chain systems then and now, emphasizing that the fragmented supply chains require a nuanced understanding to navigate effectively. As trade policies continue to evolve, the reliance on comprehensive data from the freight market is more crucial than ever in crafting economic forecasts and responses. This approach gives FreightWaves visibility that even major industry players often lack. Fuller cited a notable example from February 2022, when their data indicated an imminent 'freight recession' despite the seemingly strong economy. Six weeks later, major retailers including Walmart, Target, and Amazon confirmed they had too much inventory – exactly what FreightWaves' data had signaled. Bloomberg later dubbed this the 'FreightWaves recession.' A similar situation occurred when China reopened after COVID shutdowns. While many predicted a tsunami of containers from China, FreightWaves' booking data showed a sharp drop in container volumes. This contradicted forecasts from FedEx's CEO, the National Retail Federation and the head of the Port of LA, all of whom predicted a strong second half of the year. By November, there was a 40% drop in international container freight, proving FreightWaves' analysis correct. 'The advantage that we get with this high-frequency data is that we see so much – a very large sample of the entire goods economy,' Fuller explained. 'Because of the fragmented nature of the freight market, the bigger companies tend to be far more insulated from the boom-and-bust cycles that tend to happen. They often don't actually know what's happening till late in the cycle when things are collapsing.' This ability to detect economic shifts early works in both directions. In February of the pandemic year, FreightWaves became notably bullish about the recovery in the goods economy. 'Bloomberg called me the most bullish guy in America because we were seeing it, and we were talking about an aggressive V-shape recovery,' Fuller said. 'It was obvious in the freight data that things were going to come back fast and furious.' When asked which aspects of freight data are most powerful for understanding economic cycles, Fuller emphasized that different indicators serve different purposes. 'If I want to understand real-time activity on the ground in the U.S. goods economy, particularly consumer activity, the most reliable way is trucking data because it's hypersensitive to what's happening in consumer demand,' he explained. For upstream activity like industrial cycles or inventory replenishment, long-haul trucking provides insights. Meanwhile, the international container market reflects global demand and activity. Currently, Fuller notes, the international container market is where the action is, as it responds to trade policy changes. 'Trump is an agent of chaos and is creating so much instability in international container markets,' he observed, though he cautioned that this doesn't necessarily provide clear insights into consumer activity. Comparing current supply chain challenges to the COVID-19 pandemic, Fuller recalled how the global economy was shut down and then restarted with massive stimulus money injected worldwide. 'You had this massive surge in demand at the same time you didn't have supply,' creating unprecedented disruptions that couldn't be resolved by simply 'turning a switch' to restart the global supply chain system. Fuller concluded with a forward-looking perspective on the future of global supply chains. He predicted that as uncertainty persists in international trade relations, particularly with major players like China, businesses will increasingly seek to decentralize their sourcing strategies. This fragmentation may benefit regions like the Americas, which could become key beneficiaries of supply chain realignment. Fuller underscored the potential for regions such as Texas' I-35 corridor to emerge as pivotal logistics hubs as companies adjust to shifting trade conditions. He emphasized that while the high-frequency disruption of tariffs continues to challenge traditional supply chain models, the agility and foresight offered by comprehensive data analysis will be indispensable in navigating these turbulent times. The post Why Craig Fuller is bullish on the second half of 2025 appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Cowboys, $53 million, former Super Bowl champion could unite to solve CB needs
Cowboys, $53 million, former Super Bowl champion could unite to solve CB needs

USA Today

time4 days ago

  • Sport
  • USA Today

Cowboys, $53 million, former Super Bowl champion could unite to solve CB needs

Cowboys, $53 million, former Super Bowl champion could unite to solve CB needs As injuries mount and depth thins in Dallas' secondary, Bleacher Report names Kendall Fuller the ideal veteran fix. The Dallas Cowboys are in a bit of a bind at cornerback heading into the 2025 season, and the solution might be sitting in plain sight. All-Pro Trevon Diggs, one of the anchors of Dallas' secondary, is still rehabbing from a knee injury and may not be ready for Week 1. Rookie third-rounder Shavon Revel Jr. is also working his way back from a torn ACL. That's two key pieces of the cornerback rotation with uncertain timetables, and Dallas already lost longtime slot defender Jourdan Lewis in free agency. The team made a trade for former Buffalo Bills cornerback Kaiir Elam earlier in the offseason, making a low-risk, high-reward move. If the Cowboys don't want to gamble with an unproven group behind DaRon Bland and Diggs, Bleacher Report's Maurice Moton thinks they should make a move. One move Dallas should look into is signing veteran Kendall Fuller, a versatile and experienced corner who could provide immediate stability. The Cowboys' secondary could have a rocky start to the upcoming season. Team executive vice president Stephen Jones said, "There's a good chance" cornerback Trevon Diggs misses the beginning of the campaign as he recovers from knee surgery. Rookie third-rounder Shavon Revel Jr. is working his way back from a torn ACL. Dallas lost slot cornerback Jourdan Lewis in free agency. Dallas can bring in Fuller to shore up its pass coverage. He can line up outside to fill in for Diggs and transition into the slot if none of the young defensive backs impress in nickel duties. The 30-year-old has extensive experience playing on the boundary and as a nickelback. At 30, Fuller has seen it all. The nine-year veteran who has earned over $52 million in his career, has played outside, inside, and everywhere in between during stints with Washington and Kansas City. That kind of flexibility could be important early on. He could start opposite Bland if Diggs isn't ready, then slide into the nickel spot when the room gets healthier. In short, Fuller would give defensive coordinator Matt Eberflus options and peace of mind. The Cowboys don't have to break the bank to add him either. Fuller isn't the flashiest name left on the market, but for a team with playoff expectations and injury questions, he might be the smartest pickup still out there.

No draft budget allocation to replace asbestos pipes in east
No draft budget allocation to replace asbestos pipes in east

The Citizen

time5 days ago

  • Politics
  • The Citizen

No draft budget allocation to replace asbestos pipes in east

No draft budget allocation to replace asbestos pipes in east As Pretoria East battles ageing infrastructure and constant pipe bursts, residents and councillors are furious over Tshwane's draft budget. According to them, it includes no funding to replace the decades-old asbestos pipes plaguing their areas. However, the budget is set to be tabled before the council this week, and frustrations are mounting over what they view as continued neglect of suburban areas. In Waterkloof, residents have had enough of burst water pipes that are no longer a rare inconvenience but a weekly occurrence. On Julius Jeppe Street alone, pipe burst after pipe burst has become daily life. Waterkloof resident Ian Fuller has been actively engaging with the metro through emails, raising concerns over the deteriorating infrastructure and lack of meaningful intervention. 'The same pipe bursts almost every week,' said Fuller. 'Every time the city comes, they dig up the pavement, patch the same old asbestos pipe, and leave.' Fuller said they don't replace anything, and they certainly don't restore the area properly. 'Our sidewalks are damaged, our properties are suffering, and nothing changes.' Despite repeated complaints, the city has not committed to replacing the asbestos pipe. Instead, temporary repairs continue to be the standard response. 'They keep patching a pipe that is long past its lifespan,' Fuller added. According to councillors in the area, the draft budget offers little hope. Ward 82 councillor Siobhan Muller expressed serious concerns, accusing the metro of ignoring Pretoria East altogether in its planning. 'There's nothing in the draft budget for water infrastructure upgrades in Waterkloof or most of the eastern suburbs,' Muller said. 'It's deeply concerning. The MMC has said publicly that funding is being diverted from the suburbs to the townships, yet the same suburban residents are expected to absorb higher property rates and tariffs.' Muller described the situation as not only unaffordable but unreasonable, too. She added that although the budget is not yet finalised, what is currently on the table shows no prioritisation of critical issues in the east. 'They're going to call it a 'funded budget' because they want to show stability, but in reality, it's a strategy to milk ratepayers while giving them nothing in return,' she said. 'There are no projects listed for regions 3 or 6.' Muller said the only initiative in this part of the city is the BRT project. 'It isn't even funded by the municipality. It comes from a national grant.' Ward 47 councillor Lida Erasmus shared similar frustrations. She said the draft budget does not include any mention of asbestos pipe replacement in the eastern suburbs, despite ongoing complaints and breakdowns. 'The asbestos pipes in this part of the city were laid down decades ago, and they were never meant to withstand the pressure the current system puts on them,' Erasmus said. 'They don't just leak; they split along the pipe. When that happens, the damage is extensive and costly.' Erasmus said that in wards 83 and 85, residents are regularly left without water due to recurring pipe failures. 'When I was standing in for Councillor Andrew Lesch in Ward 83, we had a single pipe that burst four times in seven days,' she said. 'The same thing is now happening in Die Wilgers on Teresa Street.' She added that when the metro teams arrive to fix the problem, they don't even have basic materials like clamps. Erasmus said residents end up buying materials out of pocket just to get their water back. She also shared a personal experience that underscored the lack of preparation and resources. 'I had to call my husband to bring a 10-pound hammer to break a concrete slab so the repair could be done. 'The metro is simply neither equipped nor willing to deal with this problem properly.' Despite these accounts, the draft budget highlights several infrastructure projects planned for the 2025/26 financial year, but excludes asbestos pipe replacement. Deputy Mayor Eugene Modise said the budget is designed to address long-standing service backlogs in historically underserved areas. 'This administration remains committed to providing safe, clean drinking water and dignified sanitation,' Modise said. 'We have already completed work in Bronkhorstspruit, and we are now moving forward with major projects across the city.' Among the projects Modise listed are the R150-million upgrade to Rooiwal Waste Water Treatment Plant, R45-million for Mamelodi bulk reticulation and sanitation, and R25-million for refurbishing the Bronkhorstspruit Water Purification Plant. He said other projects are planned for Ekangala, Themba, and Babelegi. While these projects may benefit certain communities, councillors in the east argue that the neglect of their suburbs has become systemic. They warn that continued inaction could further deteriorate public trust and infrastructure alike. ALSO READ: Major road resurfacing to be completed next month Do you have more information about the story? Please send us an email to bennittb@ or phone us on 083 625 4114. For free breaking and community news, visit Rekord's websites: Rekord East For more news and interesting articles, like Rekord on Facebook, follow us on Twitter or Instagram or TikTok. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!

Wisconsin's Most Wanted: Dialo Fuller, convicted sex offender on the run
Wisconsin's Most Wanted: Dialo Fuller, convicted sex offender on the run

Yahoo

time5 days ago

  • Yahoo

Wisconsin's Most Wanted: Dialo Fuller, convicted sex offender on the run

The Brief U.S. Marshals are asking for the public's help to locate a convicted sex offender. Dialo Fuller has been on the run since January. Officials said Fuller is believed to be in the Milwaukee area. SOUTH MILWAUKEE, Wis. - A registered sex offender convicted of victimizing a child has been on the run since January. He hasn't done his regular check-in with law enforcement. What we know U.S. Marshals say Dialo Fuller has been living in the shadows for nearly six months. His trouble began in 2015, when he was staying at a South Milwaukee apartment. Investigators say his mother was babysitting three children at the time. What they're saying "At some point in the early morning hours, he came home intoxicated and attempted to sexually assault one of the juvenile females," the U.S. Marshal on the case said. "He is no longer reporting and is a wanted sex offender with a felony warrant." The incident led to charges and a conviction. Fuller spent seven years in and out of prison. He was released in 2023 and has been required to regularly meet with law enforcement. FREE DOWNLOAD: Get breaking news alerts in the FOX LOCAL Mobile app for iOS or Android "Updating addresses, checking in, updating employers sometimes significant others," the marshal said. Dig deeper In January, that all ended. A warrant was issued for his arrest. US Marshals have been searching for him ever since. There's urgency knowing his criminal past. "It's really just a litany of other sexual assaults," the investigator explained. "There actually isn't much other criminal history except that. That seems to be what he does." SIGN UP TODAY: Get daily headlines, breaking news emails from FOX6 News Fuller is 5'7" tall and weighs 208 pounds. The 27-year-old has tattoos on his face and neck. He is believed to be in the Milwaukee area. What you can do If you know where he is, call the U.S. Marshals Tipline at 414-297-3707. You will remain anonymous. The Source The information in this post was provided by the U.S. Marshals Fugitive Task Force.

Plastic Surgeons Anonymously Reveal Procedures They'd Never Get—and Why
Plastic Surgeons Anonymously Reveal Procedures They'd Never Get—and Why

Newsweek

time6 days ago

  • Health
  • Newsweek

Plastic Surgeons Anonymously Reveal Procedures They'd Never Get—and Why

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Plastic surgery is on the rise, with some procedures becoming so common and flawlessly handled among film stars and influencers that they are often undetectable—but is there a limit to what surgeries we should be pursuing? A now-viral post to Reddit from May 13 brought this very question to public consciousness. "Plastic surgeons of Reddit, what body altering surgery would you never get and why?" the anonymous inquiry, shared by u/topgunner85, read. It has since racked up more than 9,400 upvotes and hundreds of comments from users claiming to be plastic surgeons. The thread, which prompted vigorous discussion on surgical risks and aesthetics, became a rare moment where professionals publicly voiced what they would avoid in their own practice—or bodies. It resonated because of its candor: procedures that some patients chase, despite trending popularity, are ones these experts would not go near. To assess whether the internet consensus aligned with medical reality, Newsweek spoke to four board-certified plastic surgeons, asking whether these procedures are worth it. From Brazilian butt lifts to buccal fat removal, their responses ranged from concern to outright dismissal. Why Plastic Surgeons Are Wary of BBLs The Brazilian butt lift (BBL), a procedure involving the transfer of fat to the buttocks to increase volume and shape, drew some of the strongest criticism in the Reddit thread. Among medical professionals, it is no less controversial. Sam Fuller, a board-certified plastic surgeon in Indiana and host of the Fuller Butz podcast, told Newsweek he would never get a BBL. "It has some of the highest complication rates within plastic surgery, including bleeding, deformity, pain, blood clots, fat embolism, and death," Fuller said. While the surgeon performs fat transfers to the hips and butt, he draws a sharp distinction between these smaller-volume procedures and the high-risk BBLs many patients request. "The recovery of a BBL includes lying on your stomach for several weeks … This painstaking recovery overwhelms my interest in the goals of the surgery," Fuller said. He added that reversing the effects of a BBL is extremely difficult if complications arise or beauty standards change. Andrew Kwak, a cosmetic surgeon and founder of The Lumen Center in Philadelphia, acknowledged the risk but struck a more-nuanced note. "A BBL can be dangerous if done improperly," Kwak told Newsweek, pointing to pulmonary embolism as a serious risk. Still, he considers the procedure safe when performed with "large blunt instruments and pristine shallow injection technique." Brandon Richland, who practices in California and Nevada, was more cautious. He told Newsweek that BBLs carry the "highest mortality of any cosmetic plastic surgery procedure," exacerbated when nonplastic surgeons attempt to perform the procedure in unregulated settings. "Some providers are attempting to add too much volume," Richland said, "causing a significant increase in complications and fatalities." The Trouble With Liquid Rhinoplasty Another procedure Reddit users flagged was "liquid rhinoplasty," a nonsurgical nose reshaping using dermal fillers. Kwak echoed these concerns. "The nose and area between the eyes carry fine arteries that can cause severe skin damage if they are inadvertently injected with a filler," he told Newsweek. He advocates for blunt cannulas over needles and insists on "light injection in small amounts" to reduce the risk of complications. Stock image: A plastic surgeon marks out a prospective face-lift on a woman's face. Stock image: A plastic surgeon marks out a prospective face-lift on a woman's face. Getty Images Richland also noted the danger of this increasingly popular technique. "When done unsafely, by untrained providers, it carries significant risks of skin necrosis, and even risk of blindness," he said. Still, like Kwak, he noted that with proper training and patient selection, liquid rhinoplasty "can produce dramatic improvement." The Risk of Overdoing Buccal Fat Removal Once a niche procedure, buccal fat removal gained mainstream attention for creating more sculpted cheekbones. But it too featured heavily in the Reddit thread as a procedure to avoid. Richland said: "This procedure, when performed conservatively on the right patient, can lead to a significant improvement in facial harmony. However, when performed too aggressively … it can lead to severe deformity and a 'skeleton' appearance." His warning underscores a broader concern among surgeons: the risk of irreversible outcomes when aesthetic trends push the limits of anatomy. The 'Fox Eye' Trend and Thread Lifts Robert Schwarcz, a double board-certified oculofacial plastic surgeon in New York, expressed strong disapproval of the so-called "Fox eye" procedure. "I wouldn't get the Fox eye procedure," Schwarcz told Newsweek, calling it "abused" and "destructive to the eye area." The procedure, popularized by celebrities and influencers, attempts to recreate an almond-shaped eye via surgical or nonsurgical means. Schwarcz detailed the complex nature of the surgery, which often combines temporal lifts, canthoplasty or canthopexy, and sometimes thread lifting. "The concern," Schwarcz said, "is for cosmetic deformity, damage to the zygomatic branch of the facial nerve, scarring and alopecia, eyelid malposition such as ectropion or entropion, and dry eye syndrome." Nonsurgical options, such as thread lifts, are not better. "Thread lifting can cause thread extrusion, palpable nodules or bumps, puckering or dimples," Schwarcz said, calling it a procedure he would never undergo. "I think and hope this trend will be gone by next year," Schwarcz added. "Thankfully, recent beauty trends favor softer, more natural features." The Consensus: Caution Over Hype The rapid increase in cosmetic procedures among young people, particularly young women, has been well documented. Lip fillers have become a routine beauty maintenance step for many, and there has been a significant rise in patients under the age of 30 seeking cosmetic surgeries and injectable treatments. For instance, the American Society of Plastic Surgeons found that the number of Botox procedures among patients aged 20 to 29 have risen sharply over the past decade. A 2024 study by vitamin and supplement company Thorne found that some U.S. teenagers are already planning to go under the knife, despite their youth. Thorne found that 1 in 4 of the surveyed group of 13- to 17-year-olds plan to get cosmetic surgery to combat signs of aging, with "Baby Botox" frequently trending on platforms such as TikTok and Instagram. Between the four plastic surgeons' opinions, one theme stood out: risk does not always stem from the procedure alone, but from the environment in which it is done—and who is doing it. "All of these procedures can be done safely by a board-certified plastic surgeon who is trained in these procedures," Richland said. "But no procedure is completely risk-free." He added that patients should avoid being swayed by social-media trends, noting that surgeries popularized online are sometimes performed by unqualified providers in unsafe facilities. The viral Reddit post may have struck a chord precisely because it confronted this disconnect. Behind the gloss of aspirational social-media content are complex surgeries with real consequences. For the surgeons who perform them, the decision to abstain is not about fear—it is about trust, standards, and the enduring gap between trend and medical judgment. "It simply does not move the needle on my wish list," Fuller said of the BBL, summing up a broader industry view. "It is a hard pass on BBLs for me at this time." Newsweek reached out to u/topgunner85 for more information via Reddit. Is there a health issue that's worrying you? Let us know via health@ We can ask experts for advice, and your story could be featured on Newsweek.

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