Costco’s absurd China debut, Smucker’s peanut butter problems, and the cigarette re-merger

Costco’s absurd China debut, Smucker’s peanut butter problems, and the cigarette re-merger

Snacks Daily - August 28, 2019 - 14:21

Costco just opened up its first physical store in China and the reaction was huge (the store had to close early). Smucker’s dropped 8% on word its peanut butter is facing price cut problems (and other nut-butters). And Altria and Philip Morris used to own the tobacco industry together, but now they may re-merge because nearly every trend is anti-cigarette.

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About The Show

Digestible financial news. Get smarter fast with an entertaining breakdown of our top 3 business stories in 15 minutes. Pairs perfectly with your commute, workout, or morning oatmeal ritual. Hosted by Jack Kramer and Nick Martell.

Hosted By

Jack Kramer
Jack Kramer
Nick Martell
Nick Martell