CMB Stock News Of The Day 📰🗞️🗞️📈📉

☕ “Starbucks Shares Surge After Treasury Secretary Bessent Signals Imminent Tariff Relief on Coffee Imports” 🚨🚨🚨

A shortage of Starbucks’ collectible “Bearista” cups might be a niche inconvenience for upper-income fans, but the real pain for coffee lovers everywhere has been sky-high bean prices. That may soon change.

Shares of Starbucks (SBUX $88.44, +2.34%) rose sharply this morning after Treasury Secretary Scott Bessent hinted at imminent tariff relief on coffee imports during an interview with Fox News.

“We’ll see substantial tariff news in the next couple of days,” Bessent said. “We’re going to unveil tariff relief on coffee and other items.”

The news brewed optimism across the coffee sector. Dutch Bros (BROS $57.82, +3.23%) rallied alongside Starbucks, while Keurig Dr Pepper (KDP $26.99, +0.95%) and JM Smucker (SJM $109.21, +0.63%) saw modest gains.

On Starbucks’ October 29 earnings call, CFO Cathy Smith noted that the company’s operating margin had fallen 500 basis points year-over-year, largely due to inflation, coffee costs, and tariffs. A rollback of those tariffs could offer welcome relief to both corporate margins and caffeine addicts alike.