I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Wall Street is focused on corporate news. FedEx posted disappointing quarterly profits thanks to a drop in demand for its fastest shipping options.

Hill, who left in 2020 after 30 years at the sportswear giant, returns to Nike to succeed Donahoe, who will remain an advisor until the end of January.

“Moving from his position as a Nike outside director to the CEO office, Donahoe had a tough row to hoe, arriving within weeks of the onset of the COVID-19 virus — and was widely lauded for his efforts to shepherd this iconic company through the deadly pandemic.