A pedestrian wearing a protective mask walks in front of a temporarily closed Starbucks coffee shop in Brooklyn, New York, on Monday, April 27, 2020.closely watched due to its extensive business in China, were steady in the premarket. The coffee giant delivered $6 billion in fiscal second-quarter revenue that beat estimates. However, earnings fell short of forecasts with an adjusted 32 cents per share.
Catastrophe pay for baristas, hourly pay increases and the cost of store safety items such as face coverings weighed on profits during the quarter. Global same-store sales declined a greater than expected 10% as the coronavirus hit sales in its two largest markets, the U.S. and China. Starbucks, which is preparing to start reopening U.S. cafes next week,U.S.
The real economy is failing and the stock market is soaring. This is not normal.
We are losing hope x5 ?
👀
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Stock market live updates: Dow futures up 300, hopes of reopening build, oil down againA conversation about the latest market-moving news, including rising hopes of reopening the economy and a slew of corporate earnings. This is getting ridiculous Pretty sure the markets are up because of the 2 trillion I.V the feds currently have on the markets.
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Here are Wall Street's favorite stocks in the Dow right nowNew for subscribers: Here are Wall Street's favorite stocks in the Dow right now Check out CNBCPro for a free trial.
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Stocks fall, Dow snaps 4-day winning streak as big tech shares slideThe Dow snapped its four-day winning streak as big tech shares slid. Here's how the major averages performed: - The Dow dropped 32 points. - The S&P 500 fell .52%. - The Nasdaq lost .4%. 1.4% actually
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