Starbucks + Russia

📊 Market Snapshot

• DOW: 🔼 0.46% (38,852.27)

• S&P 500: 🔼 1.03% (5,180.74)

• NASDAQ: 🔼 1.19% (16,349.25)

• BTC: 🔽 0.83% (63,499.00)

• ETH: 🔽 1.73% (3,082.71)

📎 Market Clips

• Treasury yields remain steady as traders anticipate insights on upcoming Fed actions

_{*Stock numbers as of market close, cryptocurrency as of 6:55pm EST yesterday. Source for Market Clips.}

First Report

☕ Starbucks Must Focus on Coffee to Revive Sales

Former Starbucks CEO Howard Schultz emphasizes the need for the company to return to its roots in coffee excellence amidst declining sales. In a recent LinkedIn post, Schultz urged Starbucks' leadership to engage more directly with store operations and focus primarily on coffee, following a disappointing financial report showing a 2% drop in revenue for the January-March period—the first quarterly drop since 2020. This downturn has led Starbucks to revise its fiscal year expectations downward. ☕️📉

TL;DR ⏳: Schultz calls for a "coffee-forward" strategy as Starbucks faces its first revenue decline in three years.

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Second Report

🚀 Russia Preps Nuclear Drills

Russia has announced plans to conduct military drills involving tactical nuclear weapons, escalating tensions following heated exchanges with Western officials. The decision comes in response to threats of deeper Western involvement in Ukraine and follows provocative remarks from leaders such as French President Emmanuel Macron and former U.K. Foreign Secretary David Cameron. This announcement was made just as President Vladimir Putin prepares for his fifth term inauguration and the upcoming Victory Day celebrations. 🇷🇺🗣️

TL;DR ⏳: Amidst rising geopolitical tensions, Russia schedules nuclear weapon drills in a show of force against NATO's increased involvement in Ukraine.

⚡ Quick Hits

1. 🚫 Protests lead Columbia University to cancel major commencement amid anti-Israel unrest

2. 🏛️ Trump faces another contempt charge, risks jail over gag order violation

3. 🚔 43 demonstrators arrested in UCLA parking garage, police report

4. 🇺🇸 US soldier held in Russia on theft charges, according to officials

5. 🔫 Man wields gun at pastor, gets tackled; suspect's kin found deceased at home

6. 🌟 Trump shares stage with potential VP candidates at Mar-a-Lago

7. 🕊️ Hamas agrees to ceasefire terms

8. 🚸 UNICEF: Rafah incursion could endanger 600,000 children

9. ✈️ FAA probes Boeing for compliance with 787 Dreamliner inspections

10. 🇨🇳 Tesla’s senior executive returns to China as Musk isolates himself

Games

Word of the day: "petrichor" refers to the distinctive, pleasant scent that often accompanies the first rain after a long period of warm, dry weather. This aroma arises from the oils secreted by plants during dry periods, which are absorbed by soil and rocks. When it rains, these oils are released into the air along with another compound called geosmin, produced by soil-dwelling bacteria. The combination of these elements produces the fresh and earthy scent we recognize as petrichor. This term was coined in 1964 by two Australian researchers, Isabel Joy Bear and Richard G. Thomas, and it originates from the Greek words "petra," meaning stone, and "ichor," which refers to the fluid that flows in the veins of the gods in Greek mythology.