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In this articleMCDBAPFESPOTSHOP-CAAAPLCheck out the companies making headlines before the bell:McDonald’s (MCD) – The restaurant chain reported adjusted quarterly earnings of $2.37 per share, compared to a $2.11 consensus estimate, with revenue also topping Wall Street forecasts. U.S. same-store sales surged 25.9% while global comps were up 40.5%, both above analyst estimates.Boeing (BA) – Boeing reported a surprise profit of 40 cents per share, with analysts having anticipated an 83 cents per share loss. Revenue also exceeded estimates, helped by higher jet deliveries and stronger results from the company’s defense and global service operations. Shares rallied 2.2% in the premarket.Pfizer (PFE) – Pfizer beat estimates by 10 cents with adjusted quarterly earnings of 97 cents per share, and revenue above estimates as well. The drugmaker also raised its full-year forecast, anticipating continued strong sales of its Covid-19 vaccine.Spotify (SPOT) – Spotify fell 3% in the premarket, despite reporting a smaller-than-expected loss for its latest quarter and better-than-expected revenue. The music-streaming service noted that its monthly active user numbers did fall below its prior guidance.Shopify (SHOP) – Shopify rose 2.1% in premarket trading, after reporting adjusted quarterly earnings of $2.24 per share compared to a 97 cent consensus estimate. The e-commerce platform provider continued to benefit from the boom in online shopping.Apple (AAPL) – Apple fell 1% in premarket trading after warning that the negative impact of the global chip shortage would worsen this quarter. That caution came after Apple reported quarterly earnings of $1.30 per share, beating the $1.01 consensus estimate, and seeing revenue surge past estimates as well.Alphabet (GOOGL) – Alphabet earned $27.26 per share for its latest quarter, well above the $19.34 consensus estimate. Revenue for the Google parent also trounced estimates amid the ongoing surge in online ad spending. Alphabet shares jumped 3.9% in premarket action.Microsoft (MSFT) – Microsoft beat estimates by 25 cents with quarterly earnings of $2.17 per share, while revenue beat estimates as well on continued strong growth in the company’s cloud computing business. Microsoft continues to benefit from the pandemic shift to working and learning from home. Microsoft added 1.4% in premarket trading.Starbucks (SBUX) – Starbucks earned an adjusted $1.01 per share for its latest quarter, beating the 78 cent consensus estimate, with revenue beating forecasts as well. The coffee chain did say higher costs for labor and supplies could remain for months to come and the stock fell 2.9% in the premarket.Visa (V) – Visa came in 14 cents ahead of consensus forecasts with an adjusted quarterly profit of $1.49 per share. The payment network’s revenue topped estimates as well. Visa benefited from the rebound in spending on travel and entertainment, but the stock slid 1.3% in premarket trading.Advanced Micro Devices (AMD) – AMD shares rose 2.3% in premarket action as the chipmaker forecast current-quarter revenue above analyst expectations. It predicts strong demand for chips used in gaming consoles and data centers, following a quarter that saw it beat Street estimates on the top and bottom lines.Mattel (MAT) – Mattel beat estimates for its latest quarter, and also raised its full-year forecast. The toymaker is expecting continued strong demand for its Barbie and Hot Wheels brands, even as it plans to raise prices. Shares surged 5.4% in the premarket.Teladoc Health (TDOC) – Teladoc lost 86 cents per share for its latest quarter, wider than the 56 cent loss that Wall Street had been expecting. Revenue did beat forecasts, but the stock is under pressure on weaker-than-expected membership growth for the telehealth service provider. The stock tumbled 9.6% in premarket trading. More

Barclays and HSBC buildings are seen amid the outbreak of the coronavirus disease (COVID-19), in London, Britain October 20, 2020.Matthew Childs | ReutersLONDON — Barclays beat second-quarter profit expectations on Wednesday and boosted returns to shareholders, with its investment banking and equities businesses posting record incomes.The British lender posted a quarterly attributable profit of £2.1 billion ($2.9 billion), up from £90 million for the second quarter of 2020. Analysts had expected net reported income of £1.7 billion for the three months until the end of June, according to Refinitiv data.Equities and investment banking fees were up 38% and 27%, respectively, in the second quarter.Barclays also announced increased capital distributions to shareholders, with a half-year dividend of 2 pence per share and a further share buyback of up to £500 million.The bank has also seen a significant reduction in credit loss provisions, as outlined in its first-quarter earnings report, and managed to release nearly £800 million from its credit impairment provisions as opposed to the £1.6 billion charge incurred for the same period of 2020.”Our profitability, strong capital position and balance sheet have enabled us to increase capital distributions to shareholders,” CEO Jes Staley said in a statement, adding that the bank is seeing a resurgence in activity across its businesses.”Our CIB (corporate and investment banking) business is well-positioned to benefit from continued growth in debt and equity capital markets, with Global Markets and Investment Banking fees income up 36% since 2019, and our strong retail businesses are poised to support and benefit from a consumer recovery.”Barclays shares gained 4.7% in early trade.Other highlights for the quarter:Group revenues hit £5.4 billion, fractionally up from £5.34 billion a year ago.CET 1 ratio, a measure of bank solvency, came in at 15.1%, up from 14.2% a year ago.The fixed income, currencies and commodities (FICC) trading business was down 37% across the first half of the year compared to a bumper first half of 2020, as coronavirus-induced market volatility drove a spike in trading volumes.Barclays has previously indicated that it expects costs to rise in 2021 compared to the previous year, due to coronavirus-related expenses, a real estate review, further structural cost action and pay increases. More

U.S. stock index futures fell during overnight trading on Tuesday after the major averages pulled back from record highs, snapping a five-day winning streak.Futures contracts tied to the Dow Jones Industrial Average slid 55 points, or 0.16%. S&P 500 futures were down 0.14%, while Nasdaq 100 futures fell 0.20%.During regular trading the S&P dipped 0.47%, while the Dow shed 85.79 points, or 0.24%. At the lows of the day the 30-stock benchmark dipped more than 260 points. The Nasdaq Composite declined 1.21% for its worst daily performance since May 12. All three major averages finished Monday’s session at record highs.”Risk sentiment is on edge as pressure continues in Chinese equities,” TD Securities wrote in a note to clients. “This comes at an inopportune time as markets are digesting the pervasiveness of a growth scare,” the firm added. The sell-off for Asian markets came amid an ongoing crackdown from Beijing on tech and education companies.A host of megacap tech names reported quarterly results on Tuesday after the market closed, including Apple, which beat top- and bottom-line estimates and said iPhone sales jumped 50% year over year. Google-parent Alphabet also posted quarterly results, registering a 69% jump in advertising revenue, while Microsoft beat earnings despite a dip in revenue from its Windows division.The busiest week of earnings continues on Wednesday with Pfizer, McDonald’s, Qualcomm, Facebook, Ford and PayPal among the names on deck. Of the S&P 500 companies that have reported quarterly results thus far, 89% have topped earnings estimates, while 86% have exceeded revenue expectations, according to data from Refinitiv.Despite Tuesday’s dip, the major averages are still on track to end the month higher. The S&P is up 2.4% for July, while the Nasdaq Composite and Dow have gained 1.1% and 1.6%, respectively.”While the delta variant has the potential to spark renewed short-term volatility, we do not think it will pose a major threat to the bull market,” UBS wrote in a note to clients. “Overall, we remain optimistic about the outlook for the economy.”The Federal Reserve kicked off its two-day meeting on monetary policy Tuesday. On Wednesday the Federal Open Market Committee will release a statement followed by remarks from Chairman Jerome Powell during a press conference.”We’re not expecting fireworks at this Fed meeting,” noted LPL Financial Fixed Income Strategist Lawrence Gillum. “But we are expecting the committee to go further down the road in discussing the when and how to start removing the emergency level monetary accommodation it has been providing markets.”The meeting follows comments from the International Monetary Fund on Tuesday that inflation could wind up being more than just transitory.”We expect Jay Powell to reiterate that the tapering discussion is underway, but that it’s too soon to reveal a specific date on when the initial curtailment of asset purchases will begin,” added Danielle DiMartino Booth, CEO and chief strategist at Quill Intelligence.”We expect Jay Powell to acknowledge persistent supply chain disruptions as a key cause of inflation, but we also expect him to highlight examples of specific sectors that have seen relief on the cost front, such as lumber and iron ore,” she said.Become a smarter investor with CNBC Pro. Get stock picks, analyst calls, exclusive interviews and access to CNBC TV. Sign up to start a free trial today More

Westend61 | Westend61 | Getty ImagesWorkers saw their hourly pay in June jump at the fastest clip in more than a decade. Yet some of them saw those gains erased by high levels of inflation.”Real wages” — a measure of income after accounting for the cost of goods and services people buy — fell by almost 2%, on average, last month compared with 2020. Senate Republicans said Wednesday that Americans were getting a pay cut as a result.”The staples of American life are increasing exponentially,” according to Sen. Tim Scott, R-S.C., who cited examples like higher prices for gas, laundry, airfare, moving costs, hotels, bacon and TVs.More from Personal Finance:Walmart to pay 100% of college tuition and books for its associatesHow much vaccine lottery winners could owe in taxesWays to make your monthly child tax credit payments growThe thrust of the argument — that inflation eats into rising wages — is true, according to economists. Still, there are many nuances, they said.For one, whether a consumer got a pay cut or not depends on their individual earnings and the things they buy.”If prices are growing faster than wages, then people are getting inflation-adjusted pay cuts,” according to Michael Strain, director of economic policy studies at the American Enterprise Institute, a right-leaning think tank. “Ultimately, this varies dramatically for every individual.”Plus, inflation has been volatile and may prove temporary — meaning a reduction in buying power could be short-lived, economists said.Inflation and wage growthAverage hourly earnings rose 3.6%, to $30.40, in June compared with the same month in 2020. That’s the biggest spike since January 2009, according to data compiled by the Economic Policy Institute.Meanwhile, the consumer price index, a measure of inflation, jumped 5.4% over the same period — the most since August 2008.Together, this amounts to a 1.7% loss in buying power, on average, when factoring in seasonal adjustments, according to the Bureau of Labor Statistics. “Inflation is a tax,” said William Foster, a vice president at Moody’s Investors Service. “That’s the best way to think about it.”Inflation most impacts lower earners, who spend more of their average dollar on gas, food and other items that may be rising in price, Foster said. Wealthier individuals, who tend to hold more financial assets like stocks or homes, may be better able to offset the impact of inflation, he added.But not everyone necessarily got a pay cut as a result. The 5.4% jump in annual inflation is an average of many items — and households aren’t necessarily buying the ones that are getting much costlier.For example, the metric includes prices for used cars and trucks, which are up about 45% from June 2020 — their largest change on record. That price shock wouldn’t hit someone’s wallet unless they bought a used car.Similarly, gasoline prices are up 45%. That extra cost would be borne by drivers, though perhaps not city residents who ride public transit.By comparison, food prices are up just 2.4% over the same time, lower than the broader inflation measure.Consumer behaviorThe consumer price index also doesn’t account for shifts in the behavior of consumers, who may change what they buy to avoid these higher costs.For example, one might switch to chicken from beef to save money, or delay buying a car until prices fall.”People respond to price changes by shifting their consumption,” according to Noah Williams, an economics professor at the University of Wisconsin-Madison and an adjunct fellow at the Manhattan Institute.The personal consumption expenditures price index, another measure of inflation, accounts for these shifts. The Bureau of Economic Analysis hasn’t yet issued the figure for June. But in May, the PCE index was 1.1 percentage points lower than the consumer price index annual reading (3.9% versus 5%) — which indicates consumers bought lower-cost goods.However, these shifts still impose a cost on consumers, if not an explicit one, according to Casey Mulligan, an economics professor at the University of Chicago.”They’re trying to minimize the evils, but they’re both evils,” said Mulligan, who served as chief economist of the White House Council of Economic Advisers during the Trump administration.DistortionsThere’s also reason to be wary of overinterpreting inflation and wage figures as the U.S. economy rebounds from the Covid-19 pandemic, according to economists.That’s due to economic distortions caused by the virus. For example, consumer prices fell early in the pandemic. Comparing prices today to lower prices a year ago will naturally cause inflation readings to seem high.Similarly, wage data may be skewed by a disproportionate number of layoffs among low-wage workers during the pandemic. In April 2020, for example, average hourly earnings jumped 8% (the highest on record) even amid mass layoffs, since more high earners remained in the workforce.The same may be happening now, but in reverse. As the economy rebounds and lower-wage workers are rehired, average earnings may appear suppressed.”It could be a little misleading” to suggest workers are getting a pay cut, according to Susan Houseman, research director at the W.E. Upjohn Institute for Employment Research.”[The composition of the workforce] is especially changing during downturns and recoveries, so one has to be careful about interpreting these data,” she said.Temporary or not?It’s unclear whether higher consumer prices and wages are temporary or longer-lasting, according to economists.However, at least some of the inflation can be explained by likely short-term dynamics, like supply constraints and a surge in demand as consumers emerge from a pandemic-induced hibernation, they said.For example, high recent gas prices were caused partly because major oil-producing nations couldn’t reach agreement to raise oil supply in early July, according to AAA. And a shortage of microchips has led to a spike in car prices.Some expect inflation to persist, though.”Inflation is not going to be transitory,” Mohammed El-Erian, the chief economic adviser at Allianz SE, told Bloomberg TV on Friday. “I have a whole list of companies that have announced price increases, that have told us they expect further price increases, and that they expect them to stick,” he added.Wages seem to have increased in recent months amid rising demand for workers, according to the Labor Department. Increased pay may be longer-lasting than high inflation, since businesses often don’t cut pay after raising it, Houseman said.”We typically don’t give people wage cuts,” she said. “Employers typically don’t do that.”So in that sense, they’re stickier.” More

In this articleTDOCSBUXGOOGLAAPLThe logo of Alphabet Inc’s Google outside the company’s office in Beijing, China, August 8, 2018.Thomas Peter | ReutersCheck out the companies making headlines Tuesday after the bell: Alphabet — Google-parent Alphabet saw its shares jump about 3% after a blowout quarterly earnings report. The technology giant reported earnings of $27.26 per share, topping a Refinitiv forecast of $19.34 per share. Google also posted revenue of $61.88 billion, beating Wall Street’s $56.16 billion projection. The company’s advertising revenue rose 69% from last year.Microsoft — Microsoft shares fell more than 2% despite a better-than-expected quarterly earnings report. The tech company posted earnings of $2.17 per share, while Wall Street was looking for earnings of $1.92 per share, according to Refinitiv. The company’s quarterly revenue of $46.15 billion also beat analysts’ estimates. However, Microsoft’s revenue from device makers for Windows licenses in the quarter fell 3%.Apple — Apple shares edged about 0.8% lower in after-hour trading even after the company reported earnings per share, revenue and iPhone sales that were above Wall Street’s forecasts. Apple reported earnings per share of $1.30, revenue of $81.41 billion and iPhone sales of $39.57 billion. Asked if the stronger iPhone sales were the result of existing iPhone customers upgrading or new customers switching over from rival phones, CEO Tim Cook told CNBC that the company saw “very strong double-digit increases in both upgraders and switchers during the quarter.”Starbucks — Starbucks shares fell 3.2% despite the company reporting fiscal third-quarter sales and profit ahead of Wall Street’s estimates. The coffee producer notched $1.01 per share and $7.5 billion in revenue, as same-store sales rebounded both in the U.S. and overseas. It now expects worldwide same-store sales to rise 20% to 21% in fiscal 2021, compared with a prior range of 18% to 23%.Mattel — Shares of Mattel climbed more than 3% after the company posted better-than-expected results for the previous quarter. The toymaker reported earnings of 3 cents per share on revenue of $1.03 billion. Analysts expected a loss of 5 cents per share on revenue of $879 million.Mondelez International — The global snack maker saw its shares dip more than 2% in after-hours trading after it released its latest quarterly results. Mondelez posted per-share earnings of 66 cents, beating a Refinitiv forecast of 65 cents per share. Mondelez, which owns brands including Oreo and Ritz, saw revenue of $6.6 billion during the three months ended June 30.Teladoc Health — Shares of Teladoc Health dropped more than 7% despite better-than-expected quarterly revenue. The company virtual healthcare company reported revenue of $503 million, while analysts expected $501 million, according to Refinitiv.Advanced Micro Devices — The semiconductor stock edged 1.1% higher after the company reported earnings of 63 cents per share, 9 cents higher than what analysts polled by Refinitiv expected. AMD also posted revenue of $3.85 billion, beating a forecast of $3.62 billion. The chip maker issued strong third-quarter revenue guidance, and raised its full-year revenue guidance.Visa — The payments processor reported revenues of $6.13 billion during the three months ended June 30, above the $5.88 billion analysts polled by Refinitiv had expected. It also posted adjusted per-share earnings of $1.49, beating the $1.35 per share forecast by Refinitiv. Visa shares fell 2.2% in extended trading follow the company’s earnings report. More

In this articleFFIVBoxes containing vials of the Moderna Covid-19 vaccine are stored at the Kedren Community Health Center on January 25, 2021 in Los Angeles, California.Patrick T. Fallon | AFP | Getty ImagesCheck out the companies making headlines in midday trading.UPS — The logistics company tumbled almost 7% after the company’s second-quarter earnings report showed that domestic revenue came up shy of estimates. UPS said the total volume of U.S. deliveries declined almost 3% year over year, while the revenue from U.S. packages in the second-quarter missed expectations, according to Street Account. The company beat on top and bottom lines, however, thanks to continued strength in e-commerce orders.Polaris — Shares of the vehicle maker lost 5.8% despite beating consensus estimates in its quarterly earnings report and matching revenue projections. Polaris reported lower promotional costs and stronger pricing, but experienced higher costs for commodities and labor.F5 Networks — F5 Networks shares jumped 6.2% following a third-quarter earnings beat. The technology company reported adjusted earnings of $2.76 per share, compared with analysts’ $2.46 per share estimate, according to Refinitiv. F5 Networks also posted revenue of $652 million versus Wall Street’s $638 million projection.Moderna — Moderna is down 2% after the vaccine provider reported some of its manufacturing partners outside the U.S. are facing delays as a result of recent lab testing issues. The problem has been resolved but has slowed down its vaccine rollout in other markets.Raytheon Technologies — Shares of the aerospace manufacturer rose 2.6% after it reported quarterly earnings of $1.03 per share, above analysts’ estimates by 10 cents per share. The company also topped analysts’ revenue estimates and raised its full-year forecast as a result of the recovery in commercial air travel.Centene — The health care company’s stock dropped by 3% after it reported second-quarter earnings of $1.25 per share, missing analysts’ estimates. The company beat Wall Street forecasts on revenue, however, reporting $31 billion for the quarter.Stanley Black & Decker — Stanley Black & Decker shares dipped more than 2% despite the company beating top and bottom line estimates during the second quarter. The tool maker earned $3.08 per share on an adjusted basis, which was ahead of the $2.90 analysts were expecting, according to estimates from Refinitiv. Revenue also beat estimates and the company raised its full-year outlook.Tesla — The electric car maker erased earlier gains and fell more 1.95% even after a stellar earnings report. Tesla beat expectations on both the top and bottom lines, and passed $1 billion in quarterly net income for the first time. The stock has fallen about 10% this year after a 740% rally in 2020.3M — The industrial stock slipped almost 1% despite 3M beating estimates on the top and bottom lines in its second-quarter report. 3M also raised its full year revenue growth forecast, but the new projections only matched analyst expectations. — CNBC’s Pippa Stevens, Hannah Miao, Yun Li and Jesse Pound contributed reportingBecome a smarter investor with CNBC Pro. Get stock picks, analyst calls, exclusive interviews and access to CNBC TV. Sign up to start a free trial today More

Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018.Akio Kon | Bloomberg | Getty ImagesThe boss of cryptocurrency exchange Binance says he’s willing to step down from his role as the company seeks to become a regulated financial institution.Speaking at a virtual press conference Tuesday, Changpeng “CZ” Zhao said he had no immediate plans to quit his role but that the company does have a succession plan in place.”We’re going to pivot to be a fully regulated financial institution going forward,” Zhao told reporters, adding that, during that pivot, he would be “very open” to finding a replacement CEO with more regulatory experience.Binance is the world’s largest digital currency exchange by trading volume. However, it has come under intense regulatory scrutiny lately as authorities around the world seek to clamp down on the fast-growing crypto industry.In the U.K., the Financial Conduct Authority banned Binance’s British unit from undertaking any regulated activity. Binance was one of many crypto firms that withdrew their applications to the U.K.’s temporary licensing regime due to failing to meet anti-money laundering requirements, the FCA said.Regulators in Japan, Canada and Italy have also clamped down on the firm, warning it is not authorized to operate in the countries.Planning for the futureBinance aims to set up a number of regional headquarters around the world and will seek licenses wherever they are available, Zhao said. He has previously said Binance has no official headquarters.Zhao insisted there were no immediate plans for his succession, adding Binance was “keeping our options open.””I’ll be honored to continue to run Binance as a regulated financial institution until we find somebody who may do a better job,” he said.In May, Bloomberg reported that Binance was facing a federal investigation by the U.S. Department of Justice and Internal Revenue Service.Binance said it couldn’t comment specifically on any ongoing discussions with regulators, whether in the U.S. or elsewhere.On Monday, the company said it was reducing the maximum leverage — or borrowed funds — users can use to trade futures contracts, amid concerns such high-risk bets were leaving clients with hefty losses.Earlier this month, Binance said it would no longer offer “stock tokens,” digital digital versions of shares like Tesla, Apple and Coinbase, to shift its commercial focus to other products. German regulators had warned the instruments may have violated securities laws.This year has been a wild one for crypto. Bitcoin, the world’s biggest digital coin, at one point hit an all-time high of nearly $65,000. It has since contracted sharply, however.The cryptocurrency briefly surged above $40,000 for the first time in nearly six weeks, after Amazon said it is looking to add a digital currency and blockchain experts to its payments team. More

Take a look at some of the biggest movers in the premarket:F5 Networks (FFIV) – F5 beat estimates by 30 cents a share, with quarterly earnings of $2.76 per share. The enterprise software maker’s revenue topped analysts’ forecasts as well. F5 saw strong demand amid a continued pandemic-induced growth in digital business applications. F5 rallied 6.1% in premarket trading.United Parcel Service (UPS) – UPS shares fell 2.4% in the premarket, as domestic revenue came up shy of estimates. UPS beat overall on the top and bottom lines, however, as a surge in shipping of e-commerce orders continued. UPS earned $3.06 per share for the second quarter, compared to a consensus estimate of $2.82.Stanley Black & Decker (SWK) – The tool maker beat estimates by 18 cents a share, with quarterly earnings of $3.08 per share. Revenue topped Street forecasts and the company raised its full-year outlook, expecting growth and stronger pricing to offset higher costs.3M (MMM) – 3M rose 1.2% in premarket trading, after beating the $2.28 a share consensus estimate with quarterly earnings of $2.59 per share. Revenue beat forecasts as well, and 3M raised its full-year outlook as its various businesses recover from the pandemic.General Electric (GE) – GE shares rose 3.9% in premarket action, as it beat forecasts and surprised analysts with positive cash flow for the quarter. GE earned 5 cents per share for the second quarter, 2 cents a share above estimates. Revenue beat estimates as well on strong performances by its aviation and power divisions.Raytheon Technologies (RTX) – Raytheon came in 10 cents a share above estimates, with quarterly earnings of $1.03 per share. Revenue also topped analysts’ forecasts. The aerospace manufacturer raised its full-year forecast, as a recovery in commercial air travel boosted demand for its products and services. Raytheon shares rose 1.7% in the premarket.Sirius XM (SIRI) – The satellite radio operator beat estimates by 3 cents a share, with quarterly earnings of 10 cents per share. The company also reported better-than-expected revenue. Its profit nearly doubled from a year earlier as it benefited from subscriber additions. The stock gained 3.1% in premarket action.Waste Management (WM) – The waste collection company came in 8 cents a share above estimates, with quarterly earnings of $1.27 per share. Revenue also exceeded estimates. Waste Management said it benefited from a rebound in volume and a focus on cost controls.Sherwin-Williams (SHW) – The paint maker fell 3 cents a share shy of consensus estimates, with quarterly earnings of $2.65 per share. Revenue was in line with estimates. Results were impacted by a return in do-it-yourself volumes to pre-pandemic levels.Tesla (TSLA) – Tesla earned $1.45 per share for the second quarter, compared to a 98 cents a share consensus estimate. Revenue also beat forecasts. The automaker said its success during the second half of the year would center around its ability to navigate supply chain issues. Tesla rose 1.6% in premarket trading.Intel (INTC) – Intel set out a multi-year plan to regain its dominance in the semiconductor market, aiming to release a new chip each year between now and 2025 and seeking to regain lost market share from competitors like Samsung and Taiwan Semiconductor. Intel fell 1.9% in the premarket.Starbucks (SBUX) – Starbucks expanded its partnership with Swiss food giant Nestle, with plans to introduce ready-to-drink coffee beverages in Southeasts Asia and Latin America. Separately, Starbucks sold its stake in its South Korea joint venture to local partner E-Mart and Singapore’s sovereign wealth fund.Polaris Industries (PII) – Polaris reported quarterly profit of $2.70 per share, beating the consensus estimate of $2.21 a share. The recreational vehicle maker’s revenue matched Wall Street projections. Polaris was helped by lower promotional costs and stronger pricing, although it also experienced higher costs for commodities and labor. More