How to get your Starbucks fix now that coronavirus has closed US stores - CNET

Uber Eats is one delivery option.

Starbucks

Starbucks announced on its COVID-19 blog on Friday that it's closing the doors of nearly every store in the US as a result of the coronavirus outbreak. Starbucks cafes are closed in the UK as well. This is the latest step that the coffee chain has taken in limiting the spread of infection. Starbucks said in a statement to "partners" (employees) that stores will remain closed for two weeks.

"We are temporarily closing access to our company-operated cafés and reducing our service to Drive-Thru only in the U.S. for at least two weeks starting Mar. 20," the company said in a blog post. On March 6 Starbucks stopped filling customers' reusable cups and on March 15 it began temporarily shutting retail stores and shifting to a to-go model in the US and Canada. Starbucks will continue to pay employees for the next 30 days even if they stay home. 

If the closure of thousands of stores across the US may lead you wondering how you'll get your next venti double 145-degree oat milk hazelnut latte with extra foam, relax. Here's how you can still buy your Starbucks coffee.

You don't have to kick your frappuccino habit yet.

Starbucks Mexico Twitter

Starbucks drive-through windows

While you can't walk into a Starbucks store to order or pick up your drink, you can get it from a location with a drive-through window. Roughly 60% of all Starbucks stores in the US have a drive-thru option, according to a company representative. 

You can either order ahead on your phone's Starbucks app or order when you get to the drive-through. 

To find out where your closest Starbucks Drive-Thru location is, consult the store locator website, which will zero in on your location, or search the Starbucks app. Once you open the app, tap Stores, then Filter (in the top right corner), and select Drive-Thru. Then tap Show stores.

Delivery apps and services

In January, Starbucks announced a partnership with Uber Eats to bring delivery to 49 markets across 33 US states. There's even a dedicated Starbucks mini site within UberEats.com where you can check if delivery exists in your location.

Here are some delivery sites that will bring Starbucks menu items to your doorstep. You'll need to check your area for eligibility and delivery fees may apply. During the coronavirus outbreak, we recommend tipping your delivery driver more.

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5:54

Find the exceptions to the rule

Although most of the country's Starbucks coffee shops are closing, a smattering of shops will remain open. "Some exceptions will be made for those cafes serving in or around hospitals and health care centers in our efforts to serve first responders and healthcare workers," Starbucks wrote in the statement published online.

Non-Starbucks operated stores

It isn't clear if Starbucks stores that aren't operated by the company -- but which use its name and products -- are still be open for take-out orders, for example Starbucks shops in hotel lobbies. If you're nearby and jonesing for a cappuccino while practicing safe social distancing, it could be worth checking just in case.

Remember that if you do leave the house during the coronavirus crisis, take these 10 practical precautions to help avoid the virus. Stay up to date on the latest news through phone alerts, and keep from feeling lonely with these seven ways to connect with community while you're staying at home.

The information contained in this article is for educational and informational purposes only and is not intended as health or medical advice. Always consult a physician or other qualified health provider regarding any questions you may have about a medical condition or health objectives.

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2020-03-21 10:48:16Z
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Starbucks closes most U.S., Canada cafes, moves to drive-through - Reuters

(Reuters) - Starbucks Corp (SBUX.O) said on Friday it will close most of its company operated cafes across north America for two weeks, limiting its services to drive-throughs, to help stem the spread of the highly contagious coronavirus.

“Let’s be real. Lattes aren’t ‘essential’,” Rossann Williams, president of U.S. company-operated and Canada businesses, said in a letter. “But in times of crisis, the government asks convenient food and beverage outlets to remain open when possible for pickup, Drive Thru, or delivery.”

Exceptions to the closure would be made for cafes serving in or around hospitals and health care centers, she said.

Starbucks, which owns almost all U.S. stores, said its licensed partners would make independent decisions about whether to close their stores, but said it would pay all store partners for the next 30 days, regardless of that decision.

The move ramps up efforts by the world’s largest coffee chain to increase social distancing, expanding closures beyond the universities, malls and high risk areas it announced several days ago.

As the virus spreads at a rapid pace across the United States, cafe and restaurant operators have shut their doors or limited services to delivery and take-away.

New York state, Illinois and Connecticut on Friday all followed California in directing residents to stay at home in the most sweeping social distancing measures yet imposed.

The unprecedented restrictions, impacting more than 75 million people, or nearly a quarter of the U.S. population, have closed most workplaces and require residents to remain inside except for trips to grocery stores, pharmacies, gas stations and other “essential businesses.”

The coronavirus has infected nearly 14,400 people across the U.S. and the death toll currently exceeds 200.

Reporting by Subrat Patnaik in Bengaluru; editing by Jane Wardell

Our Standards:The Thomson Reuters Trust Principles.

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2020-03-21 06:19:00Z
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Flight Lands With Sick People On Board At Tulsa International, H - News On 6

[unable to retrieve full-text content]

Flight Lands With Sick People On Board At Tulsa International, H  News On 6
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2020-03-21 03:10:00Z
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Dow Jones Goes Red; Stocks Fall As Coronavirus Sends New York Into Lockdown - Investor's Business Daily

[unable to retrieve full-text content]

1. Dow Jones Goes Red; Stocks Fall As Coronavirus Sends New York Into Lockdown  Investor's Business Daily
2. Stock losses worsen as oil drops, Dow down 450 points  CNBC
3. US stocks open higher for second day, but week still looks bleak  Aljazeera.com
4. US futures point to opening gains for the Dow  msnNOW
5. Global markets and US stock futures rally as central banks go all-in  CNN
6. View Full Coverage on Google News

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2020-03-20 18:02:34Z
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Saudi Arabia just won control of the oil market - CNN

But even more importantly, this new policy recalibrated global oil markets, giving Saudi Arabia the long-term advantage. This move marks a big change for the world's largest oil exporter, which has in recent years attempted to manage the global oil markets by altering production levels, while garnering the difficult cooperation of Russia. Crown Prince Mohammed bin Salman has finally decided to pursue a long-term policy that not only preserves and ultimately increases the kingdom's market share, but also may signal the end of OPEC as a united functioning organization.

This decision is very unpopular with most oil exporting countries, international energy companies and American shale producers because collapsing prices will drastically decrease their revenues and, in some cases, force them into bankruptcy.

There are several reasons why the kingdom is finally taking this aggressive approach.

First, the successive Saudi monarchs have all recognized the strategic importance of spare production capacity to manage the global markets because it provides the vital indicator of the world's oil market's ability to respond to sudden crises that jeopardize the free flow of oil supplies.

Saudi Aramco, the state's gargantuan oil and gas company, spent over $35 billion since 2012 to maintain a 12 million barrels-per-day sustained production capacity with a 1.5 to 2 million barrels-per-day spare capacity cushion that can be called upon at short notice. And that's exactly what the Saudis will be doing over the next several weeks. Saudi Aramco is expected to be pumping a staggering 12 million barrels per day by April 1, 2020, with exports reaching between 9.5 to 10 million barrels per day.

On April 1 or shortly thereafter, Saudi Arabia will most likely surpass Russia to become the world's second largest producer. But this oil price war won't end until Saudi Arabia takes back the global production crown from the United States, which should happen within the next two years.

No country other than Saudi Arabia, including Russia, has had the political and financial will to invest so heavily in upstream production capacity. This provides the Saudis with the means to go it alone and inflict insurmountable chaos on the vast majority of their conventional and shale oil producing competitors around the world. To emphasize this point, a new directive was issued last week by the kingdom's energy minister, Prince Abdulaziz bin Salman, to increase Saudi Aramco's sustained production capacity to 13 million barrels per day in about 24 months.

From an internal Saudi perspective, lower oil prices are manageable for the next decade. According to Aramco CEO Amin Nasser, "In a nutshell, Saudi Aramco can sustain the very low price and can sustain it for a long time." Saudi oil is the cheapest to produce (gross taxes, capital spending, production and transportation costs) in the world at $8.98 per barrel, according to the Aramco IPO prospectus of last year.

In comparison, US shale oil costs $23.35 per barrel (and $20.99 for non-shale), while Russian production costs average $19.21 per barrel, according to the Energy Information Administration.

In fact, with new drilling technologies, Saudi production costs have decreased even further at some fields, such as at the world's largest offshore oil field, Shaybah.

Second, the Saudis have over $500 billion in net foreign assets, so their public finances are shielded to a sudden drop in revenues from petroleum sales.

The new Saudi policy suggests that sustained lower prices will help them maintain, and with time, increase their market share in the face of the shale oil production boom in the US. Hydraulic fracturing for shale oil has already added several million new barrels of oil per day to the global market. However, shale oil is expensive to extract, so lower prices averaging between $20 to $25 per barrel for the US benchmark will mean several important US producers will find their business models unsustainable soon enough and completely insolvent over the long term.

Saudi Arabia holds about 25% of the world's oil reserves, about 70% of global spare production capacity, and it is the world's largest crude exporter by a large margin.

Through various revenue model projections based on different oil price averages and export levels, the Saudi finance ministry and the Saudi Arabian Monetary Authority (SAMA) are designing financial government expenditure plans that can sustain oil prices falling as low as $30 per barrel on average for at least the next five years, with temporary dips as low as $15 per barrel, according to various government financial projections. Aramco CFO Khalid Al Dabbagh re-emphasised this point by saying "We [Aramco] are very comfortable we can meet our shareholders' expectations at $30 a barrel or even lower."

It would be a grave mistake to doubt the political resolve of the current Saudi leadership to see this new policy through.

Saudi Arabia has created a new oil market with new fundamentals. Oil producers that have not understood this tectonic shift and have failed to adapt to this new reality will suffer and will be left behind.

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2020-03-20 17:27:00Z
52780674275822

Saudi Arabia just won control of the oil market - CNN

But even more importantly, this new policy recalibrated global oil markets, giving Saudi Arabia the long-term advantage. This move marks a big change for the world's largest oil exporter, which has in recent years attempted to manage the global oil markets by altering production levels, while garnering the difficult cooperation of Russia. Crown Prince Mohammed bin Salman has finally decided to pursue a long-term policy that not only preserves and ultimately increases the kingdom's market share, but also may signal the end of OPEC as a united functioning organization.

This decision is very unpopular with most oil exporting countries, international energy companies and American shale producers because collapsing prices will drastically decrease their revenues and, in some cases, force them into bankruptcy.

There are several reasons why the kingdom is finally taking this aggressive approach.

First, the successive Saudi monarchs have all recognized the strategic importance of spare production capacity to manage the global markets because it provides the vital indicator of the world's oil market's ability to respond to sudden crises that jeopardize the free flow of oil supplies.

Saudi Aramco, the state's gargantuan oil and gas company, spent over $35 billion since 2012 to maintain a 12 million barrels-per-day sustained production capacity with a 1.5 to 2 million barrels-per-day spare capacity cushion that can be called upon at short notice. And that's exactly what the Saudis will be doing over the next several weeks. Saudi Aramco is expected to be pumping a staggering 12 million barrels per day by April 1, 2020, with exports reaching between 9.5 to 10 million barrels per day.

On April 1 or shortly thereafter, Saudi Arabia will most likely surpass Russia to become the world's second largest producer. But this oil price war won't end until Saudi Arabia takes back the global production crown from the United States, which should happen within the next two years.

No country other than Saudi Arabia, including Russia, has had the political and financial will to invest so heavily in upstream production capacity. This provides the Saudis with the means to go it alone and inflict insurmountable chaos on the vast majority of their conventional and shale oil producing competitors around the world. To emphasize this point, a new directive was issued last week by the kingdom's energy minister, Prince Abdulaziz bin Salman, to increase Saudi Aramco's sustained production capacity to 13 million barrels per day in about 24 months.

From an internal Saudi perspective, lower oil prices are manageable for the next decade. According to Aramco CEO Amin Nasser, "In a nutshell, Saudi Aramco can sustain the very low price and can sustain it for a long time." Saudi oil is the cheapest to produce (gross taxes, capital spending, production and transportation costs) in the world at $8.98 per barrel, according to the Aramco IPO prospectus of last year.

In comparison, US shale oil costs $23.35 per barrel (and $20.99 for non-shale), while Russian production costs average $19.21 per barrel, according to the Energy Information Administration.

In fact, with new drilling technologies, Saudi production costs have decreased even further at some fields, such as at the world's largest offshore oil field, Shaybah.

Second, the Saudis have over $500 billion in net foreign assets, so their public finances are shielded to a sudden drop in revenues from petroleum sales.

The new Saudi policy suggests that sustained lower prices will help them maintain, and with time, increase their market share in the face of the shale oil production boom in the US. Hydraulic fracturing for shale oil has already added several million new barrels of oil per day to the global market. However, shale oil is expensive to extract, so lower prices averaging between $20 to $25 per barrel for the US benchmark will mean several important US producers will find their business models unsustainable soon enough and completely insolvent over the long term.

Saudi Arabia holds about 25% of the world's oil reserves, about 70% of global spare production capacity, and it is the world's largest crude exporter by a large margin.

Through various revenue model projections based on different oil price averages and export levels, the Saudi finance ministry and the Saudi Arabian Monetary Authority (SAMA) are designing financial government expenditure plans that can sustain oil prices falling as low as $30 per barrel on average for at least the next five years, with temporary dips as low as $15 per barrel, according to various government financial projections. Aramco CFO Khalid Al Dabbagh re-emphasised this point by saying "We [Aramco] are very comfortable we can meet our shareholders' expectations at $30 a barrel or even lower."

It would be a grave mistake to doubt the political resolve of the current Saudi leadership to see this new policy through.

Saudi Arabia has created a new oil market with new fundamentals. Oil producers that have not understood this tectonic shift and have failed to adapt to this new reality will suffer and will be left behind.

Let's block ads! (Why?)

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2020-03-20 16:34:14Z
52780674275822

Dow Jones Goes Red; Stocks Fall As Coronavirus Sends New York Into Lockdown - Investor's Business Daily

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1. Dow Jones Goes Red; Stocks Fall As Coronavirus Sends New York Into Lockdown  Investor's Business Daily
2. Dow falls 200 points, heads for worst week since 2008  CNBC
3. Global markets and US stock futures rally as central banks go all-in  CNN
4. Stocks Flatten Out After New York Businesses Are Told to Close  Barron's
5. Coronavirus latest: Stocks open higher on Wall Street at end of a brutal week  Press Herald
6. View Full Coverage on Google News

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2020-03-20 16:51:18Z
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