Afternoon Coffee: Toys R Us Could See Revival in 2019, UPS Freight Prepares for Possible Strike

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After closing the last of its physical stores in June, Toys R Us could return to world of living retail chains as a standalone operation next year, Bloomberg reports. The hedge funds that now own the toy retailer are planning a comeback, starting with pop up sections within Kroger grocery stores. Still, rebuilding the brand will be no small feat, as many Toys R Us suppliers said they have already “moved on.”

UPS Strike

UPS announced Monday it would stop picking up shipments from customers and suspend all service beginning Nov. 7 in preparation for a possible strike, Supply Chain Dive reports. UPS and the Teamsters Freight National Bargaining Committee have already produced a contract for union members to vote on, but since a strike also has been approved, UPS is “preparing for the worst.” If union members vote “yes,” service would resume Nov. 12.

Soybean Glut 

While the U.S.-China trade war may have kicked off over steel and aluminum, agriculture has ultimately taken on a lot of the burden. As the New York Times reports, Chinese corporations have all but stopped buying U.S. soybeans, and farmers, now in the middle of harvest season, are beginning to worry that crops will rot before they can be sold economically.

Services PMI 

And finally, an economic update: ISM’s non-manufacturing index clocked in at 60.3% in October, expanding more than expected, CNBC reports. The data show that the U.S. services sector is still expanding rapidly, after hitting 61.6 in September, the fastest expansion on record.

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