Starbucks 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.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:01:38 – Kiran Ganesh, UBS
00:08:14 – McDonald’s Quarter Pounder linked to E.coli outbreak
00:10:14 – McDonald’s falls in premarket trade on E.coli death and worries
00:10:51 – Starbucks suspends 2025 guidance as sales slump
00:13:22 – Deutsche Bank 3Q trading beats estimates
00:15:24 – Von Moltke: Time hasn’t come for M&A
00:18:50 – European earnings movers
00:19:25 – Headlines
00:20:18 – Arm to cancel Qualcomm chip design license
00:23:14 – Jamie Dimon privately supports Kamala Harris: NYT
00:28:08 – EXCLUSIVE: Christine Lagarde, ECB President
00:34:14 – European services inflation in focus
00:38:07 – Boeing to report 3Q results today
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More on Bloomberg Television and Markets
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