Good morning!
Today's Numbers You Need to Know looks at a few moves that shifted the market and made waves within the business world yesterday. Let's dive into the data:
$5.5 billion
The amount of debtor-in-possession financing power company Pacific Gas & Electric ($PCG) got from four banks combined to move forward with a potential Chapter 11 bankruptcy filing. At the end of the trading day yesterday, shares of the company were up 6.3%.
3,500
The number of Starbucks ($SBUX) that Uber Eats ($PRIVATE:UBER) will deliver in a few weeks from multiple U.S. cities. We covered this massive deal here as it may have an impact on the everlasting delivery company wars.
$53
The approximate price of a barrel of oil, which is a problem for companies like Halliburton ($HAL) Inc. The oilfield firm saw shares drop 3% yesterday due to this low price and high supply of oil, as well as general concerns over the world's economy slowing down.