Dec 14, 2019

Investors react to Brazil's plummeting coffee reserves

Brazilian coffee beans in Rio de Janeiro. Photo: Christophe Simon/AFP via Getty Images

Brazil, the world's largest coffee producer, could reach its steepest drop in coffee reserves since U.S. government records began in 1962, according to new Department of Agriculture projections reported by Bloomberg.

The big picture: Hedge funds and other money managers are taking their net-bullish holdings on arabica coffee to their highest levels since 2016, Commodity Futures Trading Commission data showed Friday. A "bigger biennial crop in 2020-21 in Brazil may bring relief to supplies," Bloomberg notes — but 60% of wild coffee species worldwide were found to be in danger of extinction earlier this year.

Go deeper: The scientists saving coffee

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JAB Holdings to merge Jacobs Douwe Egberts with Peet's Coffee

Illustration: Sarah Grillo/Axios

JAB Holding plans to merge Dutch coffee giant Jacobs Douwe Egberts with California-based Peet's Coffee, and then IPO the combined company in 2020.

Why it matters: This could create the world's largest publicly-traded coffee roaster. Well, at least in terms of a dedicated company, as its sales remain behind market leader Nestlé.

Go deeperArrowDec 18, 2019

Bloomberg unveils Trump-focused economic agenda

Photo: Mark Makela/Getty Images

Mike Bloomberg released Wednesday an economic agenda that focuses heavily on helping "the people and communities that have been short-changed by President Trump," per the plan's details, by creating jobs and increasing wages.

Why it matters: It's no secret Trump wants to run his re-election campaign on the economy, but Bloomberg is tapping into a conversation we're hearing from voters all across the country, whether in our focus groups or on the campaign trail: wages aren't keeping up and Trump isn't talking about that.

Go deeperArrowJan 8, 2020

Podcast: Mike Bloomberg's presidential path

Mike Bloomberg is hardly a Democratic Party darling, but one of his former campaign managers believes he's still a smart bet to win its presidential nomination. Dan digs in with Bradley Tusk, venture capitalist, philanthropist, political strategist and the campaign manager for Bloomberg's successful 2009 mayoral re-election.

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Keep ReadingArrowDec 18, 2019