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Starbucks CEO: Plant-Based Is a "Dominant Shift" for Our Company


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Starbucks executives discussed the company’s recent shift toward plant-based food and drink innovation during an investor earnings call this week. UBS financial analyst Dennis Greiger asked Starbucks CEO Kevin Johnson about how the company is addressing changes in consumer behavior amid the COVID-19 pandemic. Johnson responded by pointing to various innovations that the chain has implemented, adding “and if I were to say what is probably the most dominant shift in consumer behavior, [it] is this whole shift to plant-based. And that is a shift both in beverage and in food.” 
Starbucks adjusts to plant-based shift
In the beverage department, Starbucks added almond milk to its menus in 2016 and has since experimented with a variety of plant-based milk and drinks. This spring, the company will offer oat milk on its menus nationwide after a regional test at 1,300 Midwest stores proved successful last winter. ....

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27Jan2021 Pre-Market Commentary: Futures Tumble Ahead Of The Fed Amid Growing Hedge Fund Forced Liquidation Fears, DOW Down 350 Points, Nasdaq Slides -0.9%, Bitcoin Down 30600


Big oil s exploration cuts exacerbate supply deficit (SPY -1.2%). Biggest premarket movers: Boeing, AT&T, VF Corp., Starbucks.
Here is the current market situation from CNN Money
European markets are mixed. The CAC 40 is higher by 0.93%, while the DAX is leading the FTSE 100 lower. They are down 1.83% and 1.33% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Big Oil s Exploration Cuts Exacerbate Supply Deficit
The idea that crude oil could ever again hit three-digit price levels may sound ridiculous at a time when slack demand amid a pandemic has oil stuck in the $50s. Yet one thing any market is not is static, and many expect vaccines to boost demand before this years end. In fact, some are warning about a looming oil deficit. And Big Oil is slashing exploration activities. Reuters reported this week, citing data from Rystad Energy, that new onshore and offshore lease acquisitions by the worlds top five oil companies ....

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