Starbucks

Ticker SBUX

Today's data summary

Market open
% change
-1.16%
Price US dollars
87.57
Change
-1.03
As of 15:18 21 Feb 2020
Market cap. US dollars
103,587.35 million
As of 15:18 21 Feb 2020

Latest updates

Good morning!

Welcome to Business Live. Today should be the day that the government finally announces whether it will allow Huawei technology in the UK's 5G network.

If it is a yes, expect plenty of angry reaction from the US.

The death toll from coronavirus is rising and so are concerns about what this means for the global economy. Companies with a big exposure to China - such as Christian Dior and LVMH which publish results shortly - have seen their shares pummelled in recent days.

Apple will report its financials for the Christmas quarter later this evening as will Starbucks and eBay.

And in the UK, expect updates from Virgin Money, Saga and Irn-Bru maker AG Barr.

As always, we'd love to hear from you. Email Business Live at bizlivepage@bbc.co.uk

Starbucks apologises after police asked to leave store

Starbucks logo
Reuters

Cafe giant Starbucks has apologised after six police officers were asked to leave a branch in Tempe, Arizona because a customer said they felt "unsafe".

Starbucks apologised to the Tempe police department “for any misunderstanding or inappropriate behaviour that may have taken place” and said it had "deep respect" for the police.

Reports of the 4 July incident went viral over the weekend, with some social media users calling for a boycott of the cafe chain.

However, others said the complaint - and the response of staff - were justified given recent incidents of police brutality in the US.