Markets swung from up to down on Friday as we had big intraday volatility, some of which was caused by triple options expiration.
While we slept China factory output contracted for a third straight month in March. That has many concerned that the world’s second largest economy could really be slowing and could drag on the rest of the world. (CNBC)
In 2013 patrons to bars and restaurants cut back on alcohol consumption by 1.3% and that trend is slipping into 2014. The $683 billion restaurant industry has been challenged and the loss of a high margin item is concerning. The spirits industry continues to grow however as consumers are buying higher end liquors for home. (USA Today)
Starbucks says they are done testing and will expand the rollout of alcohol to thousands of stores over the next several years. The alcohol sales come with an expanded light fare appetizer menu. But a double jolt of caffeine and alcohol to get your morning going will not be happening ….. Alcohol sales will only occur after 4pm. (Bloomberg)
Oregon private timberland investment firm the Campbell Group is changing their name to Campbell Global. The company started business in 1981 and now manages more than 3.1 million acres in the US and Australia, employing over 300 people. (Portland Business Journal)