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-0.00148125237841834 -0.000874803093497756 0.00185421868864432 0.00208163717048951 0.00367356654340585 0.0062494598811056 0.00822193618030946 0.00170260636741434
Stock impact report

Howard Schultz warns 30% of small businesses at risk of closing for good without more help [MSNBC.com]

Starbucks Corporation (SBUX) 
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Company Research Source: MSNBC.com
VIDEO1:3801:38 warns 30% of small businesses at risk of closing for good without more helpSquawk on the Street"If we don't provide a backstop for the restaurants, I suspect that we could see a situation around the country in which approximately 30% or more of small, independent retailers and/or restaurants never reopen," the billionaire formerStarbucksSchultz said he hoped and other public officials "are looking at ways to recognize that we must not only flatten the curve of the health crisis but we must begin to flatten the curve of economic despair."The value of these businesses extends far beyond their top-line revenues, he stressed. "It's employment. It's vendors. It's all the people who support them, not to mention the intrinsic value of neighborhoods and community gathering." created a $350 billion loan program for small businesses as part of a $2 trillion economic relief package meant to soften the blow from the COVID-19 pandemic.The loan program, which went online Friday, has Show less Read more
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