Change at Starbucks; Apple near $1 trillion; RBS sale

1. Time for a new brew: Howard Schultz announced Monday he will step down from Starbucks later this ...

Posted: Jun 5, 2018 12:42 PM
Updated: Jun 5, 2018 12:42 PM

1. Time for a new brew: Howard Schultz announced Monday he will step down from Starbucks later this month as executive chairman, the end of a 36-year run at the company.

Schultz has overseen enormous growth at Starbucks. It has expanded from 11 stores in the early 1980s to more than 28,000 stores in 77 countries today, and a market value of $78 billion.

In an interview with The New York Times, he acknowledged that he may consider a bid for the White House.

Schultz, 64, one of the most politically outspoken corporate leaders in America, has been rumored before as a potential Democratic candidate.

2. CEOs on the economy: The Business Roundtable, a powerful lobby that represents major corporations, will announce the results of its second quarter economic outlook survey on Tuesday.

Its member companies employ more than 16 million people.

The group's constituents will discuss how much they plan to invest in their own companies and how many people they plan to hire over the next six months. They'll also provide sales and GDP forecasts.

3. RBS sale: The UK government has sold part of its huge stake in the Royal Bank of Scotland, the lender it was forced to bail out during the global financial crisis.

British taxpayers now own 62.4% in the bank, down from 70.1% before the overnight sale.

The bank said in a statement the stake was sold for -2.5 billion ($3.3 billion), which is -2.1 billion ($2.8 billion) less than what the government paid for it in 2008.

4. Apple's new features: Shares in Apple closed 0.8% higher on Monday after the company announced a slew of new features at its annual developers conference.

The company unveiled its next-generation mobile software iOS 12. The system is packed with performance improvements, quirky features and a tool to help combat tech addiction.

Apple is now roughly $50 billion away from a market value of $1 trillion.

5. Global market overview: US stock futures were higher.

European markets opened mostly higher, while stocks in Asia ended the trading session mixed. US crude futures added 0.7% to trade at $65.20 per barrel.

The Dow Jones industrial average and the Nasdaq both gained 0.7% on Monday, while the S&P 500 added 0.5%.

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6. Earnings and economics: Societe Generale will pay more than $860 million in fines for bribing Libyan officials and manipulating a benchmark lending rate, the US Department of Justice announced Monday.

The Royal Bank of Australia left its benchmark interest rate on hold at 1.5% on Tuesday.

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7. Coming this week:
Tuesday - Business Roundtable CEO economic outlook
Wednesday - Commerce Department reports April's trade balance; Alphabet shareholder meeting
Thursday - JM Smucker earnings

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 514171

Reported Deaths: 10285
CountyCasesDeaths
Harrison34920557
DeSoto33270432
Hinds32652642
Jackson24876391
Rankin22516404
Lee16366245
Madison14932283
Jones14129247
Forrest13785260
Lauderdale12279324
Lowndes11314193
Lamar10663140
Pearl River9720244
Lafayette8855143
Hancock7839132
Washington7553169
Oktibbeha7216138
Monroe7036179
Pontotoc7003109
Warren6872178
Panola6768135
Neshoba6732210
Marshall6686142
Bolivar6451151
Union640898
Pike5933156
Alcorn5887107
Lincoln5533136
George510380
Prentiss505385
Tippah492783
Itawamba4857107
Scott478199
Adams4771125
Tate4765117
Leflore4736144
Copiah457095
Yazoo456692
Simpson4554117
Wayne443172
Covington434695
Sunflower4315106
Marion4279112
Coahoma4238109
Leake414090
Newton395782
Tishomingo384894
Grenada3777109
Stone365766
Jasper340866
Attala338790
Winston317892
Chickasaw316167
Clay312578
Clarke301295
Calhoun285949
Holmes271889
Smith269452
Yalobusha244247
Tallahatchie232053
Greene224749
Walthall221866
Lawrence219141
Perry213456
Amite209857
Webster206248
Noxubee188743
Montgomery181857
Carroll174941
Jefferson Davis173843
Tunica163339
Benton153139
Kemper145041
Choctaw136727
Claiborne134439
Humphreys132139
Franklin126029
Quitman107628
Wilkinson106139
Jefferson96934
Sharkey65321
Issaquena1957
Unassigned00

Alabama Coronavirus Cases

Cases: 845761

Reported Deaths: 16119
CountyCasesDeaths
Jefferson1161862004
Mobile742411381
Madison53315732
Shelby38351369
Baldwin38104589
Tuscaloosa36052641
Montgomery34492781
Lee25590263
Calhoun22598518
Morgan22459406
Etowah20026518
Marshall18790316
Houston17741425
St. Clair16904358
Limestone16153219
Cullman16067303
Elmore15912294
Lauderdale14991306
Talladega14209299
DeKalb12985269
Walker12067380
Blount10729192
Autauga10526157
Jackson10170194
Coffee9425192
Colbert9341208
Dale9024192
Tallapoosa7273201
Russell708865
Chilton7042170
Escambia6956143
Covington6943195
Franklin6338108
Chambers5785142
Marion5413130
Dallas5295209
Pike5123109
Clarke484886
Lawrence4831129
Winston4780110
Geneva4643136
Bibb434594
Barbour369980
Butler3439100
Marengo342393
Monroe337466
Randolph334867
Pickens333988
Fayette330085
Henry320766
Hale318489
Cherokee318363
Crenshaw260777
Washington256952
Cleburne254560
Lamar251953
Clay251169
Macon245064
Conecuh193162
Coosa185547
Lowndes178268
Wilcox177638
Bullock152545
Perry141840
Sumter139241
Greene130245
Choctaw93228
Out of AL00
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Tupelo
Mostly Cloudy
59° wxIcon
Hi: 70° Lo: 43°
Feels Like: 59°
Columbus
Partly Cloudy
52° wxIcon
Hi: 71° Lo: 40°
Feels Like: 52°
Oxford
Cloudy
55° wxIcon
Hi: 68° Lo: 43°
Feels Like: 55°
Starkville
Clear
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Hi: 71° Lo: 41°
Feels Like: 55°
High pressure will continue to dominate our weather forecast for the next few days. This will keep our area on the dry side and on the unseasonably warm side for this time of the year. We will see most high temperatures well into the 70s over the next few afternoons.
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