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Coffee Giant Starbucks' Sales Fall in US, China | Bloomberg The Pulse 10/23/24
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October 23, 2024
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41:26Now PlayingStarbucks pulled guidance for 2025 after sales plunged for a third consecutive quarter, calling attention to the scope of the problems facing new Chief Executive Officer Brian Niccol. Meanwhile, a severe E. coli outbreak tied to McDonald’s’s Quarter Pounders sickened dozens of people in the US, mainly in Colorado and Nebraska, and killed one, the US Centers for Disease Control and Prevention said. In central bank news, ECB President Christine Lagarde said disinflation is on the right track, describing recent numbers as “relatively reassuring.” The direction of European Central Bank borrowing costs is clear but the pace at which they’ll be lowered is still to be decided, according to President Christine Lagarde, who didn’t rule out bigger moves. Lagarde spoke to Francine Lacqua on the sidelines of the IMF and World Bank annual meetings in Washington DC.
Today's guests: Kiran Ganesh, UBS
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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