Why Starbucks' Shares Are Surging Today

Shares of Starbucks (NASDAQ: SBUX) surged on Tuesday morning, after its CEO said that the company's balance sheet is strong and that it is applying lessons learned in China to get through the coronavirus pandemic in the United States. 

As of 10:45 a.m. EDT, Starbucks' shares were up about 11.4% from Monday's closing price. 

In an interview with CNBC on Tuesday, CEO Kevin Johnson made a few points intended to reassure nervous investors:

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Source Fool.com