Walmart, JPMorgan, GM CEOs talk about possible slowdown


General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021.

Mandel Ngan | AFP | Getty Images

As 2023 approaches and the prospect of a recession looms, corporate America is preparing for a slowdown in consumer spending.

CEOs of major companies including Walmart and General Motors joined CNBC’s “Squawk Box” on Tuesday morning to talk inflation, interest rates, geopolitics and what it all means for their outlooks in the new year.

Here’s what they said:

Jamie Dimon, JPMorgan

Mary Barra, GM

The consumer is still strong, but we are planning for conservative 2023, says GM CEO Mary Barra

Doug McMillon, Walmart

The U.S. consumer is still stressed and under inflation pressure, says Walmart CEO Doug McMillon

Scott Kirby, United Airlines

United Airlines CEO Scott Kirby: We expect a mild recession, but travel is still setting records

Lance Fritz, Union Pacific

The U.S. economy is clearly slowing, says Union Pacific CEO Lance Fritz



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