Good morning. This is bloomberg daybreak europe. I am in london. These are the stories that that your agenda. A weak picture on asian markets as fed officials to further rate hikes debate further rate hikes. You can russias commodity export. Oil is steady. Benjamin netanyahu tells bloomberg exclusively he will not pursue the entire overhaul originally planned by his government. I will still give it several months to try to get another consensus. It will probably be about the composition of the community that elects judges. Not to get into a point where the Legislature Just knocks out any decision that the court needs. There has to be a balance. Request good morning. Happy monday. Welcome to a new week. Treasury radios are edging higher. All of that after that mixed u. S. Jobs report. Just as there was in the latest fed speak. Him talking about a pivot to a hold and her talking about potentially more hikes. Traders pricing about a 40 chance of another quarterpoint hike by the end of the
Mornings on two. Im dave clark. It is tuesday. It is march the 12th. Lets go right to Steve Paulson. I had rain all the way in this morning off and on rain. Yes its still moving through dave. Thats true. Most of the heavier rain though is pushing east and south. As you can see on the radar here. But theres still some activity upstream temperatures is mainly near 50. Most locations are pretty close to 50, so not much of a change there temperature wise. You can see the system. This is the last in the series, but theres still plenty to go here. But morning rain will give way to, i think, some breaks later this afternoon. Highs will be 50 and are going to go up a little bit here. All right james torres was in the neighborhood. udecided to stop byuand we appreciate it. Good morning james Steve Paulson good morning to you. Hey i appreciate you showing that sfo cams. I was just there two hours ago. And here we are looking at a little bit of rain as well. Ill show you over the san mateo bridge
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
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 Howard Schultz in march,
Lot of his access but part of the reason a lot of its axis are in crypto currency and it is valued very highly at the moment and in recent months it has really gone up. Assets. Experts are saying that it is rare in bankruptcy cases for customers to get all of their money back. In this case they might get more than 100 of their money back but that will still be a long way off because of these Bankruptcy Proceedings will take some time. Will take some time. Thank you very much will take some time. Thank you very much forgetting will take some time. Thank you very much forgetting up will take some time. Thank you very much forgetting up to very much forgetting up to speed with those developments. Staying with the us. The chinese owner of tiktok has said it will sue the Us Government over a new law which requires it to sell the Video Sharing Platform or be banned in america. The company has called the legislation an extraordinary intrusion on free speech rights. From new york, Michelle Fle