Santosh Rao, head of research at Manhattan Venture Partners, also joins the show to talk tech earnings.
Todays Topics – Ronny Jackson withdraws as nominee for VA SecretaryDurable GoodsPepsiCo, Southwest Airlines, American Airlines earningsAmazon earnings previewMichael Cohen to plead 5th in Stormy Daniels caseCongress to question EPA director on spendingTeachers strike in Arizona ColoradoNY Times Weinstein investigation being made into filmUPS beats on Q1 earnings and revenueDunkin…
[/vc_column_text] [vc_column_text el_class=”topfeed-tags”] Tags: Editor-in-Chief Andy Serwer, Julia La Roche, Manhattan Venture Partners, American car lineup, Yahoo Finance [/vc_column_text] [/vc_column] [vc_column width=”1/2″] [vc_separator] [vc_column_text el_class=”topfeed-tweet”] https://twitter.com/YahooFinance/status/989500301588779008 [/vc_column_text] [vc_column_text el_class=”topfeed-embedly”] Stock futures point higher, Ronny Jackson withdraws as nominee for VA secretary [/vc_column_text] [/vc_column] [/vc_row] [vc_row el_id=”money_cnn_com_2018_04_26_news_companies_ford_suv_shift_index_html_sr_twmoney042618companies1055amstory”] [vc_column width=”1/2″] [vc_separator] [vc_column_text]
Starbucks CEO Kevin Johnson publicly apologized for the arrest and flew to Philadelphia to meet privately with Nelson and Robinson.
Related: Starbucks CEO on arrests at Philadelphia store: ‘They didn’t deserve that’ – – The store employee who called police is no longer with the company.
Starbucks won praise for its decision last week to close its 8,000 company-owned stores in the United States for one afternoon on May 29 to provide racial bias training to about 175,000 workers.
Analysts expect Starbucks to report $5.9 billion in sales for its quarter from January to March, up from $5.3 billion at the same time last year.
The costs from protests and the May 29 training won’t show up until next quarter, but analysts will probably grill Starbucks on how much they expect to lose in sales from the closure and whether Starbucks’ reputation has taken a hit from the national uproar.
Last year, when bitcoin prices rose from their 2017 starting value of just under $1,000 to over $19,000 by mid-December, market chatter was that bitcoin was usurping gold’s role as a store of value and alternative to fiat currencies.
Some say maybe – – – – Pete Thomas, senior vice president of Zaner Precious Metals, a physical markets broker, said during last year’s bitcoin price run-up, some of his regular customers who buy gold coins or bars on a monthly basis told him they were opting to buy bitcoin…
He also heard anecdotally from other precious metals coin brokers that they were seeing bitcoin syphoning demand from gold.
Not Happening – – – – Yet Joe Foster, portfolio manager and strategist for the gold and precious metals strategy at VanEck, which offers the VanEck Vectors Gold Miner ETF (GDX) and the VanEck Vectors Junior Gold Miners ETF (GDXJ), disagreed that investors were substituting bitcoin for gold, saying he…
Rhind and Thomas say the people who were interested in bitcoin were drawn to the parabolic price rise, rather than viewing it as having the same risk management role in their portfolio as gold does.
Not only does venture capitalist Tim Draper think bitcoin is here to stay, he says it could be bigger than the internet.
When asked during a debate how the digital currency compared to his early investments in Tesla, Hotmail and Skype, Draper said bitcoin will be bigger than all of those combined.
It’s bigger than the Industrial Revolution, Draper said at Intelligence Squared U.S. debate presented in partnership with Manhattan Institute’s Adam Smith Society on Saturday.
Draper, founder of leading venture capital firms Draper Associates and DFJ, reiterated his bullish call for bitcoin to hit $250,000 within four years and elaborated on use cases.
In five years you are going to try to go buy coffee with fiat currency and they are going to laugh at you because you’re not using crypto, the early internet investor said.
[/vc_column_text] [vc_column_text el_class=”topfeed-tags”] Tags: Draper, capitalist Tim Draper, capital firms Draper, fiat currency, Squared U.S. debate [/vc_column_text] [/vc_column] [vc_column width=”1/2″] [vc_separator] [vc_column_text el_class=”topfeed-tweet”] https://twitter.com/sonucares4u/status/989503736245571585 [/vc_column_text] [vc_column_text el_class=”topfeed-embedly”] Early investor in Tesla, Skype and Hotmail says bitcoin will be bigger than all those combined [/vc_column_text] [/vc_column] [/vc_row]