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
It is election day in the u. S. 226 million americans cast their ballots in one of the most among jewish u. S. President ial elections in recent history. One of the most tumultuous u. S. President ial elections in recent history. Hillary clinton held a narrow lead in most preelection polls. Her campaign has and armed by federal probes into her handling of classified emails, questions about her familys foundation, and public doubts over her trustworthiness. Republican real estate magnate and reality tv star donald trump, defeated 16 primary opponents and promises to drain the swamp of washington corruption. He has faced criticism for his treatment of women and denunciations of immigrants. We bring you the analysis you need on this historic day. I am joined by bloombergs politics and economics editor, Michael Mckee. In london, we are joined by Alexander Friedman for the first half of the program. Alex, good to have you on the program. First, lets get to the bloomberg first world news. Th
Forecasts. The policy rate is unchanged. The central bank, in terms of Interest Rates, keeping them as they are, at 6. 25 . This is the dollar versus rupee. 57. 95, however at this point what is most significant is it has cut its 2017 Economic Growth forecast. We will get plenty more on that and market reactions, but first lets get to the first word news with nejra cehic. SharesCredit Suisse trading higher after the bank stepped off step up costcutting efforts. Down from an earlier goal of below 18 billion francs. The company lowered profit targets for its International Wealth management business and its asian division. German Industrial Production rose less than analysts forecast in october. Production, adjusted for seasonal swings, gain 0. 3 from the previous month, compared to a median estimate for a 0. 8 rise. It signals that europes largest economy took a slow start to the final quarter of the year. U. K. Prime minister has agreed to reveal more details of her plans for brexit, bu
Tom keene is in new york. We have this possible merger, then we have the brexit news, and the market. Tom we will focus on commodities in the pacific. Francine, i totally agree this one month mark off to brexit is front and center. Francine it is. A lot of people have decided, saying, why we are even voting for this . It means a whole conservative the government. Now lets get straight to the first word with shery ahn. A summary and has joined the hunt for the missing plane in the mediterranean, trying to find the egyptair jets voice and data recorder. A french tv channel reports that the pilot spoke to air Traffic Control about smoke in the cabin just before the plane disappeared off the radar screen. One ofnt obama has ended the last symbols of wartime animosity between vietnam and the u. S. In hanoi today, he lifted the embargo on the sale of weapons to vietnam, hoping to strengthen commercial insecurity ties. The u. S. Has confirmed that a u. S. Drone strike killed a leader of the t
That interconnected world represents. Its also important in these discussions to find ways in which we are expanding and broadening the benefits of that interconnection to more and more people. Thats what so many of you are doing. We are gathered here at stanford in the heart of silicon valley, one of the great hubs of innovation and a partnership for the world. This is a place that celebrates our ability as human beings to ,iscover and learn and to build to question, to reimagine, to create new ways to connect and work with each other. Its where two guys in a garage go and launch a global company. Where student projects became yahoo and google. Those were really good student projects. [laughter] president obama my student projects were not as good. [laughter] president obama its where entrepreneurs like so many of get an idea and you build a team and you work to turn it into reality and you launch products and companies and entire industries that transform the world. President obama s