Market. Being a strong developing market. We do have some donut competition around the world. I think you have to come back to the fact that globally, the number one seller of donuts anywhere in the world is dunki donuts. Matt you mention the cold pressed coffee and i know youve recently done a partnership as well with cocacola. How do you see your coffee evolution . Youve moved away from drip coffee and more into espresso and customized drinks. I wouldnt say we moved away from it. Original blend coffee is still a significant part of our revenue. Young people like two things, which we are the Market Leader in iced coffee, and we enhanced our coffee range with the introduction of cold brew. We brought in more espressobased drinks. Millenials like espressobased drinks and maki otto ma cciato. Macchiato. They also like iced coffee. We are not going away from drip coffee, but the opportunity and espressobased drinks and iced coffee is spectacular and is growing. Matt probably because you c
Pausing. Not a lot of action in the u. S. Major averages. The nasdaq modestly higher. The dow and s p trading a little lower. They all opened up just slightly. The Energy Sector is weighing down markets. It will be interesting to see how the day trades at. As for two of the big laggers, boeing and nike. , while a downgrade boeing is lower after the president elect tweeted that costs are out of control for the new boeing air force 1. Cancel the order. Turning now to why the Energy Sector is the worst drag. Oil down for the first in five days after the opec supply cut last week. Out interestingly, after that deal was cut, news came today that production just hit a record for of 34. 6 one Million Barrels million 34. 61 barrels a day. Looking at g btv 399. In blue, the xop. In white, the uso, and oil etf. S have it appears investors would rather own Oil Companies rather than oil it self. Mark love that chart. I was going to do it myself. European equities rising a second consecutive day. T
The u. S. Trading day. Julie hyman is tracking the allout from the surprisingly hawkish fed minutes yesterday. Julie but we are having a delayed reaction. Yesterday, stocks came down afterward but finished little changed. Also, as we hear from other fed members who have been making comments this morning, saving to support again that june is on the table, july could be on the table. , s p, and nasdaq are all trading lower, up off the lows to some extent today. Yet, when you look around at other markets, they are not necessarily supporting this narrative. You could look at the twoyear as well as the 10year, and yields are actually lower, which is not what people would take if. Nterest rates are going higher im looking at world bonds and twoyour notes around the globe. The u. S. And canada at the top. As you go down, that blue column, you see a lot of negative numbers, so you are not getting yield elsewhere. The yield still at least relatively by comparison looks attractive. Also look at
Highs we have seen. The nasdaq is the worst performer of the three major averages. Being a tech heavy index, it is down 1 , twice the declines we are seeing in the s p in the dow this point. We were seeing much more green on the screen earlier. Health care in industrials have turned more deeply into the red. We have been watching apple in the selloff. It has been mirroring declines in the major averages. Taiwan Semiconductor Shipments for iphone 6 s and seven, the shipments between june and december could decline as much as 70 to 80 . We are definitely seeing investors extrapolate what that means for apple and other apple suppliers as well. Were seeing a Ripple Effect within technology. A lot of different kinds of chipmakers are following today. If you thought yesterdays decline in retail, that that was it youre in for a rude awakening. Calls in particular are tumbling by 12 . Comparable sales are down 3. 9 . Analysts had estimated a gain. Consumers are not buying apparel and there are
And hammond ed hammond joining us. This is like the final, final done. It was already done already with the sec approved it. This is something we have thought this was going to happen. Says therehe market is zero chance that this thing blows up. Carol we were just on Bloomberg Radio talking about the deal and fired environment. This year you see a lot of pushback of major deals. Not a surprise that this deal ultimately got its way through . Ed obviously comcast try to do the deal earlier. That did get blocked. They were confident they would be able to get this one done partly because it is not one in three, it is two and three going together. Was quite early in the future this would go through. Carol what are the other needs for players in this injury industry. Is a kind of done . Endga ofnk this is the the cable industryme. End game for the cable industry. There are some companies with big m a in the u. S. Carol lets wipe it out for a moment. In terms of broader m a, what are you hear