Michelle fleury has more. Americans love of lattes and iced coffee helped starbucks through the worst of the post pandemic years. But with high inflation in the us, a cup of coffee is now 5 on average. The big question for investors going into this Earnings Season was would consumers still spend money on elaborate coffees . The answer was mixed. Sales in North America grew 7 , even after the chain raised prices. That figure was below wall streets forecast. Customer traffic only increased by 1 . Most of the gains came from existing customers spending more money. Sales in china, its second biggest market, rose sharply. Same store sales increased a whopping 46 from a year ago. Starbucks remains a favorite brand among chinese consumers. The company benefiting from a rebound after strict covid 19 restrictions were lifted. But the coffee chain said that Wage Increases and investment in its cafes dragged down its overall profits. Starbucks ceo laxman narasimhan, who took over from predecessor
420 million rubles the damage caused by the norwegian deer to the unique ecosystem was estimated at this amount in the murmansk reserve. And here Anastasia Ivanova will tell you what they did, they fled from norway and not to the country as a deer, but illegally crossed the border into russia, called bells and encroached on our homeland, everything that is on the territory of the murmansk nature reserve, paslik, the term of animals, walked. Here, for already 2 months, they trampled and ate almost 420 million rubles. Or its about nok 50 million. Where did such an amount of increased coefficients for foreigners and fines come from, the cost of one kilogram of meat, ali venison, which amounted to 285 nok per kilogram in on average, we consider that 150 kg one deer, it turns out that for all these days the deer stay as well. Eh, so to speak, i ate or 47 million, 118. 000 nok 26 as of Todays Exchange rate. This is already over 400 million rubles. They say they used it dry. Account and nothi
Reacted with anger. I strongly disagree with fitchs reacted with anger. I strongly disagree with fitchs decision | disagree with fitchs decision and i disagree with fitchs decision and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data and assessment is based on outdated data and fails to reflect improvements across a range of indicators, improvements across a range of indicators, including those related indicators, including those related to governance, that we have related to governance, that we have seen related to governance, that we have seen over the past two and a half have seen over the past two and a half years. Gf of the democrats used the opportunity to point finger and republicans for their role in the recent Debt Limit Fight of all republicans blame it democrats and Joe Biden For joins of dollars in new spending for the many economists dismiss the downgrade, includingjp morgan downgrade, including Jp Morgan Chase downgrade, includingJp Mo
Katie welcome to Bloomberg Markets. You take a look at these markets and you can see there is green on the screen. The s p 500 is up by about 0. 5 . Compared to what we been seeing, its exciting. The nasdaq 100 is seeing a bigger game, up about 0. 8 . Weve been talking that inflation data coming in as expected with a bit of a relief there and you can see that in the bond market as well. Not huge moves that its the direction of travel. You have yields moving lower right now to the tune of four basis points on your 10 year treasury yield after the feds preferred gauge of underlying inflation, the pce rose in january as expected, supporting the feds patient approach. For more, were joined by mike mckee. After what we saw in cpi, this is probably good news for the fed . Mike its good news for wall street. You probably heard that big whoosh at 8 30 a. M. In the pc was a little higher than its been in recent months but it is not too high and a yearoveryear basis, inflation is still going dow
Were looking at markets moving into the mid morning. Parts of the morning session and we are not getting a lot of momentum coming through, not surprisingly so, given the momentum we have had across various parts of the equity markets. They just one the latest one to join in as the equity shares. We are back to session lows. The hang seng is zero point 3 . Other things we are tracking of course is the move up in treasuries and ironically speaking, of course, given that it may be in the outlook on treasuries, optics wise given the ratings downgrade, unexpectedly we are seeing that ironically going back into the treasury. Rishaad absolutely. This is a haven which is the one which is effectively being downgraded. There are other things at work here. We have refunding projects for wednesday skewing higher. The treasury barring estimates on monday. Financial and Corporate Bonds issuance lower. There are lots of things supporting the treasury market. This is a catalyst ideally i guess with re