提醒：今日上午11点巴克莱每周工业电话会议- 5月27日

•David Strauss will be on to discuss the weekly, reconciliation and production vs.•deliveries.•Brandon Oglenski will be on to discuss Newark airport runway maintenance impacts,•trade data and Werner management meeting takeaways.•Matt Bouley will be on to discuss the latest real estate agent survey and TOL earnings.••Dan Levy will be on to discuss Rivian and EV mandate.••Michael Leithead will be on to discuss recent Chemical sector performance and•potential impacts from Europetariffs.Relevant note links‘US Multi-Industry: Transport Refrigeration – T3M Builds down -35% y/y, T3M ordersincreased +28% y/y; backlog down y-o-y and m-o-m’ – published May 21, 2025‘US Multi-Industry: Potentialtariffson EU imports into the US – MI implications’ –published May 23, 2025‘HON: Acquisition of Catalyst business from Johnson Matthey; Encouraging valuation forHON SoTP’ – published May 22, 2025'U.S. Defense: Identifying Winners in the Budget Reconciliation Bill' – published 22 May2025'Global Aerospace: Airbus and Boeing Production vs Deliveries Tracker' – published 19 May2025'U.S. Aerospace & Defense: The Weekly Scope' – published 19 May 2025'Barclays Research: North America Transportation: US-EUTariffsBack In Spotlight' -published 23 May 2025'United Airlines Holdings: Newark is (Not) New York' - published 23 May 2025'Werner Enterprises Inc.: Takeaways From Meetings with Management' - published 22 May2025'Anywhere Real Estate Inc.: Thoughts on Press Report that HOUSOffersto Acquire DouglasElliman (DOUG)' - published 27 May 2025'The Barclays Real Estate A.G.E.N.T.: Uncertainty ErodesTraffic,Home Prices WeakenThrough Late Spring' - published 27 May 2025'Toll Brothers Inc.: Air Pocket Ahead' - published 21 May 2025'U.S. Chemicals: EuropeanTariffs:It's more about the response than the initial blow' -published 23 May 2025Companies to be discussed:All of US Mult-Industry coverage, US Aerospace and Defense coverage, US Homebuildingand building products coverage, US Chemicals and Packaging coverage, AAL, DAL, UAL,LUV, CN, CP, UNP, CSX, CHRW, NSC, WERN, EXPD, SAIA, ODFL, XPO, FDX, UPS, RVN, TSLA,GM, F Meet the Analysts Julian Mitchell joined Barclays in 2018, as the lead analystwith coverage of the U.S. Multi-Industry sector. Previously,Julian was Global Head of Industrials Research at CreditSuisse, including coverage of U.S. Multi-Industrycompanies, since 2009. He has covered global Industrialcompanies on the buy-side and sell-side since 2002, inLondon, Hong Kong, and New York. Julian started hiscareer in equity research at Goldman Sachs in 2000. Hereceived a First Class Honours Degree in Philosophy,Politics & Economics from Oxford University in 1999.View Analyst PageDavid Strauss joined Barclays in December 2017 and iscurrently a Managing Director and Senior Research Analystcovering the U.S. Aerospace and Defense industry. Davidjoined Barclays from UBS where he spent nearly 19 yearsas a Managing Director covering U.S. Aerospace andDefense and serving as U.S. Industrials Sector Head. Hehas been ranked by Institutional Investor for more thanten years. Prior to his career on Wall Street, David workedin corporate finance and tax at PricewaterhouseCoopers.He earned a BA in Economics from Georgetown Universityand an MBA from Carnegie Mellon University.View Analyst PageBrandon Oglenski joined Barclays in September 2008 andis a director and equity research analyst covering theNorth America airlines and transportation sectors. Prior tojoining Barclays, Brandon worked at Lehman Brotherswhere he joined the U.S. airlines and transportation equityresearch team in 2006. Prior to working on the sell side,Brandon spent nearly two years with the strategic advisoryfirm MergeGlobal in Arlington, Virginia, where he workedon numerous client engagements within the airfreight,airline and small package industries. Brandon graduatedfrom Georgia State University with a B.S. in Urban PolicyStudies and concentration in Aviation and TransportationManagement. Brandon also holds an FAA commercialpilot's license.View Analyst Page Matthew Bouley is a Director and equity research analystcovering U.S. Homebuilding & Building Products. Mostrecently, Matt was ranked #2 in the 2023 InstitutionalInvestor survey for his sector. He joined Barclays inSeptember 2016, previously working for Credit Suisse andRBC Capital Markets covering the same sector. He earnedan M.B.A. from New York University's Stern School ofBusiness and a B.A. in Business Administration fromBoston University, and has worked in the investmentindustry since 2006.View Analyst PageDan Levy, CFA, is a Managing Director and equity researchanalyst leading coverage of the U.S. Autos & Mobilitysector. He worked on the Barclays U.S. Autos team from2012 until 2018. Prior to re-joining Barclays in 2022, hespent four years as an equity research analyst at CreditSuisse, where he led coverage of the U.S. Autos sector.Each year since 2020 he has been a runner-up in theInstitutional Investor's All-America Research Team