What You Need To Know (12/2/16): Starbucks, Genesco, Carrier


Here’s what you need to know for today:

  • Starbucks CEO Howard Schultz is leaving next year, and investors reacted accordingly. Schultz will still stick around to help with the company’s premium coffee offerings.
  • Genesco ($GCO), the retail giant and owner of Lids, Journeys, and other stores, beat their earnings per share estimate this morning, but their revenue is lower than expected.
  • Smith & Wesson ($SWHC) beat expectations in their recent earnings and investor sentiment in the stock is high. Yet the company’s stock price continues to fall.

Here’s what we’re reading this morning:

Carrier Jobs, Saved by Government” by The New York Times Editorial Board, The New York Times
Trump and Pence cut a deal to save 800 jobs at Carrier, but the company is still shipping over 1,000 jobs to Mexico. Here’s why the deal might be a bad one.

Martin Shkreli branded an ‘attention seeker’ as Sydney student hits back” by Melissa Davey, The Guardian
Remember Martin Shkreli and his Daraprim scheme from a while back? Well, a student in Sydney figured out how to make the expensive drug for $2.

November Jobs Report: Everything You Need to Know” by The Wall Street Journal
The jobless rate is down, and the U.S. added 178,000 jobs last month. Here’s everything you need to know about that.