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a warning signal on the global economy from international manufacturing conglomerate three AM the maker of post it notes and Scotch tape posted first quarter profits that were way below analysts' forecasts cut its outlook for the year and announced it's laying off two thousand workers the calls according to CEO Mike Roman slowing conditions in key markets sales were down across all major regions with the U. S. barely eking out a game the stock tumbled as much as eleven percent in response that puts it on track for the worst day since the October nineteen eighty seven Wall Street crash , M. is the latest international economic bellwether to raise concerns this earnings season of a possible slowdown under way caterpillar warned it was still seeing questionable demand in China the world's second biggest economy but the warnings have largely been restricted to the global industrial sector tech companies on the other hand have been upbeat leading the nasdaq to a record intraday high on Thursday the Dow industrials traded lower