Although oilfield-services giants like Halliburton and Schlumberger both called a bottom on the oil market's slump, the world's largest manufacturer of industrial equipment — Caterpillar — said it doesn't see anything getting better.
"We're not expecting an upturn in important industries like mining, oil and gas, and rail to happen this year," CEO Doug Oberhelman said. The firm cut its forecast for 2016 earnings, and said it plans to lay off more workers.
The litany of worries just adds to a growing sense that the world's economy is entering a slowdown.
http://www.businessinsider.com/earnings-season-warnings-for-economy-2016-7