we'll talk about starbucks and the consumer. that's coming up. >>> pinterest shares are sinking despite a top and bottom line q2 beat. sales for the current quarter coming up short from what the street was expecting. take a look at pinterest, down almost 12%. >>> turning our attention to another market alert and bank of japan following through on expectations, raising its key interest rate for only the second time since 2007, and also making moves around the bond-buying program. our carolin roth joins us from london with much more on this story. good morning. >> good morning, frank. it was a very decisive move from the bank of japan, raising its key target rate to 0.1% and outlining plans to scale back its monthly bond purchases. it was approved by a 7-2 vote and puts the interest rate at the highest level since the financial global crisis. i want to show you the reaction when it comes to the nikkei, surging 1.5%. the banks loving the higher interest rate, of course. we're continuing to see a winding. the yen 1.4% compared to th

coming up, starbucks reports after the closing bell. the company sees a drop in demand across the world particularly in markets like china where there is stiff competition. this is bloomberg. ♪ ntrospective music] recipes. recipes written by hand and lost to time. are now being analyzed and restored using the power of dell ai. ♪ scarlet: this is bloomberg markets. time now for our stock of our. we are watching starbucks. little change in terms of share price but down a fifth of its value. dusters are watching a pullback in demand from north america to china whenever words after the closing bell. but in bloomberg intelligence tina restaurant intelligence -- senior restaurant analyst michael helen. it is in need of a turnaround story. the first question for you is what is the good news story or books is going to try to tell this afternoon? michael: some of the data we have seen, we have had some work done for us by nai machine learning company to analyzed social media. we have had work done i our team from second measure and they seem to

and management of starbucks?> i'm pleased to be a part of the company. it's a company with just a storied history and tradition and incredible opportunity, and there's some near-term challenges and you heard the team talk about those yesterday. so, the board's very actively engaged in all that, being helpful and supportive. i think there's changes that are required, and laxman outlined some of those yesterday, including a strategic change in china and other changes that are coming, but i think what the team needs is a little time to correct some of the near-term challenges that have -- the company's been struggling through. >> mike, we always appreciate you keeping us up to date on t-mobile and the continued success the company's had. thank you. >> appreciate it. >> see you, mike. >>> chicago pmi is on the tape. let's get to rick santelli. hey, rick. the company has had. thank you. >> thanks, guys, appreciate it. >> chicago pmi is on the tape let's get to rick santelli. >> the weakness continues. chicago pmi for

how about starbucks? the last growth stocks that are modern china.od news when we learned that elliot management has taken a big stake in the company. now this one makes a ton of sense though and we have some from the charitable trust and we want more now that elliot's in. why? because there's no doubt that starbucks is still great. it hasn't been destroyed by this regime. the company is bogged down by mechanics. difficulty making new drinks. long lines. my hope is that they see how good they are at orchestrated turnarounds and let them come to the table. if he chooses to go against elliot, they're in for the fight of their lives. perhaps starbucks will see the numbers benefit from the lull in the gaza war. starbucks was heavily protested by pro palestinian demonstrators around the globe even though the company has zero connection with israel. doesn't even have any stores there. estee lauder, i'm not sure if the brand has been tarnished. the elf brand was an arrogant mistake. nike sneakers have been eclipsed by new balance and hoka and on. but starbu

it doesn't solve starbucks' issues. i think the new machinery and the improved operational performance is fine. i think they need to be careful about brewing out of that machine rather than just a traditional drip brew. it just -- >> you don't like the machine? >> i dislike the machine a lot. doesn't taste as good. >> goes after the starbucks, the chipotle, up by -- >> because i love these brands, because i love these companies, and i'm disappointed. i mean -- >> i'm a channel check. >> right. >> and they should be listening to you. >> like a peter lynch sort of -- >> chipotle makes a burrito faster than starbucks can make a cup of coffee. >> to be fair, people order, like, the extra whatever and the cream and the -- >> that's not me, by the way. >> 10 to 20 seconds wait time something that's tree to five minutes or something like that. it's not great. >> all right. >>> we've got a news alert on intel. let's go to pippa stevens. >> intel will cut thousands of jobs to fund a turnunder a, according to a report in bloomber

kate rogers on starbucks. wrong, the report the last time was a disaster that won't soon be forgotten. there's a lot to make up for with this current report, right? >> that's right. they cut guidance for the full year. i'll take you through the numbers. starbucks will report earnings after market close today. analysts looking for eps of 93 cents adjusted on revenues of $9.24 billion for the quarter. key figure to watch, same-store sales projected to fall in all markets, dropping 2.7%. internationally, 5.1%. in north america, sales declined to drop 2.2%. starbucks is taking steps to remedy the situation. we reported on a new training system for baristas meant to improve the experience for the workers and customers in cafes, including speeding up service times, which is key. it's opened up its app to non-rewards members and uncharacteristically began to offer a value deal of its own with a coffee and food item for $5, to capture back business. stock is down 21% year-to-date. we will see what the quarter looks li

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the starbucks app says we're sorry for the inconvenience noble ordering at this point. so it's impacting everybody in various different ways. let's go to covers michael thomas live in walnut creek to take a look at their michael. >> hey, good morning, everyone. that's right. it's really affecting a lot of different industries. as james just mentioned, if you open up that starbucks app, it's going to tell you sorry for the inconvenience. we can't really help you right now. but you can always come in person. take a look. this is what the drive-thru looks like here in walnut creek. it actually just opened back up. they've been closing a doubt, opening a backup. and that's because they only have so many hands to get those coffee is ready and they're experiencing a lot more people coming to the actual store rather than they normally do because people use own mobile order app. now, during the time that it was close the first time for about 20 minutes or so, i counted about 20 different cars that pulled up, drove away. the manager. we chatted with him for a second asked how mu

starbucks will close. i do with the market coalesces around or the in-depth at the new lower price. that conception is a problem. this payment will medicare had is interrupting the process. instead of actually going to get the drug administered at the physicians office with a cheap setting with this artificial payment structure that maintains this event for the hospitals and has this double problem of encouraging hospitals to buy up all these practices. it points to the idea of what everybody is gathered here. there's number of justifications anti-doping the current policy serves almost anybody long-term goal. >> again, i think some of the reason we all probably touch on his issues with touch a lot of patience and this is a big one is come up but i think personally i done a lot of work in the corporatization of medicare and the sort of movie with an independent physician practices. this is a pretty asinine policy from the perspective where you are medicare is making effectively an active choice at this poi

starbucks, i think, goes -- starbucks goes to $90 before nike. >> starbucks to $90. >> before nike. >interesting. >> big, big, big. david, big. i'm not talking about here. i'm talking about big. >> what -- what is emboldening you to make this kind of a call, jim? >> i think that a lot of the political turmoil that upsets starbucks may be behind them somewhat. but david, that stock has cratered because of -- everything had been going wrong. i'm betting that something is going to go right. whereas, nike, everything's going wrong, and i can't find anything going right even jordans. >> best buy was a little around this price when you said it would go to $90, and it did. >> i'm going to get the new pc. the new pc is a godsend versus this one where the battery burns out after three hours. >> nike and starbucks have one other thing in common, which is, china's very important to them, and then you -- apple and tesla. when i think about sort of the four names, apple, tesla, nike, starbucks. >> right. >> in terms of how important china is to all of their businesses. >> and don't forget win for

. >> reporter: starbuck's up around 5%.ement has built a sizeable stake in the coffee giant. they have been pushing the coffee giant on ways to boost the stock point. starbucks has been challenged in recent quarters in the u.s. and china. the report said elliot has been engaging with the company. it's fluid and possible they'll reach an agreement soon. unclear as well if it's seeking board seats at the company. starbucks is on its third ceo in the last three years. howard schultz having been in that position multiple times and kevin johnson before him and the company has done a bit of board refreshing. it will be interesting to see what elliot is pushing for. as of march 31st, starbucks was not a holding elliot has. we'll bring you updates as we get them. >> love to know what they're up to. kate, thanks. >>> more "power lunch" after this. okay, team! oh, thank you so much i couldn't have done it without you. honestly, i don't do a whole lot here. i'm really just here for the at&t internet, it's super-fast so, any pre-launch

i don't know what it costs for starbucks these days. it is not cheap anymore. >> my venti with zero frills to it because that's the kind of guy i am, it's $4.34. >> for just drip coffee. >> you are a loyal customer. most of the loyal customers, that's where they're getting their business, but it's the occasional customers, that's where they're seeing the steepest traffic decline. how do you bring those people back in with the issues of the broader economy? can they fix that? probably, they've got to do some incentives. i don't know if there's still some headwinds moving forward. >> they've got the $5 tea and croissant thing going on. >> the pairings, like wine and cheese. it's like a stale coffee cake and a cup of coffee, but it is working a bit, but this isn't going to work for investors from the stock's perspective. in terms of margins, we were already concerned about labor costs. we were concerned certainly about their inability to pass on prices. look, the stock was -- you know, when it hit its peak back in '21, it was really in the

. >> not as good as fearless or starbucks.ight, let's move along. >> let's move along to this now. san francisco is now the first city in the nation to ban the use of a type of software used to determine the cost of rent. ktvu sally rasmus joins us live to explain how that ban would work. ali. >> well, sal, as you said, supervisors voted unanimously to approve this, to ban the sale and use of a specific type of software commonly used by property management companies and corporate landlords. now, the way it would work is that the software allows landlords to input information about their properties. it's not available to the general public into their software program. and then the algorithm of that software scans all that data to recommend the best price for that rental unit. in some cases, the ai driven software will, in fact recommend leaving the apartment vacant on purpose in order to reduce supply and increase demand, city leaders say. this kind of online data sharing amounts to price collusion, and it ends up inflating the

you can see this is a starbucks in walnut creek. there are a drive-thru starbucks. their long is pretty pretty they've got about 14 cars or so purchase system, meaning there. cashier system at the drive-thru is actually not working. so they're having asked people to take their car to another system. you also can't really use your so i was having trouble this morning reloading my app. some people say they're able to make a purchase on app. other people say no. this at the apple tell them that the store is completely closed. starbucks did confirm with me this morning. their issues are really nationwide and it is because of this tech outage. so it's causing havoc kind of everywhere this morning. so as we get more updates this morning from different businesses and we chat with you know, we'll keep you posted. but that is the very latest here in walnut creek. michael thomas will send it back to us live in the studio. all right. thanks a lot, michael. >> 806, is the time were taken to the north bay. now the leo police are investigating the shooting that took the life of a

. >>> next in cbs "moneywatch," the starbucks giveaway the chain says will help the environment. . i got help to push back. i got help to push back. lybalvi helps us push back against bipolar 1. once-daily prescription lybalvi is proven to treat manic or mixed episodes of bipolar 1 in adults, to help you push back. elderly patients with dementia have increased risk of death or stroke. do not take lybalvi if you are taking opioids or are in opioid withdrawal. the samidorphan in lybalvi can cause severe opioid withdrawal that can lead to hospitalization or increase risk of life-threatening overdose. get emergency help if you have trouble breathing, become very drowsy with slowed or shallow breathing, feel faint, very dizzy, or confused or have a fever, stiff muscles, rash, swollen glands or problems with your liver, kidneys, heart, or lungs. other serious side effects may include high cholesterol, weight gain, potentially fatal high blood sugar, uncontrolled body movements which may be permanent, dizziness upon standing, or falls. are you ready? ask your doctor about lybalvi. looking

but the starbucks situation is really interesting.fact that they are, kind of, negotiating behind the scenes would suggest to me that they may not be pushing for some kind of a short-term sale or a short-term m&a transaction, which seems pretty unlikely, given the m&a environment and the size of starbucks. you look at what's happened in public purvr between the founde, howard schultz as well as the ceo, in disagreement on how to run the company. it will be interesting -- i got an official no comment from elliott and cnbc got a no comment from starbucks as well. what exactly they're pushing for is going to be really critical, as we think about just the next phase of starbucks and elliott's role. >> it is interesting considering it's been, kind of, an execution story in terms of the stumbles recently. and who knows? you've even heard talk maybe they should do more franchising and find another way of structuring the business. so, i guess we'll see what they might be pushing for, lesley. thank you. >>> up next, strengthening support for s

if starbucks can either be friendly or antagonistic, it's up to starbucks.p. they want to help, and they can do a lot. >> you mentioned constellation. thinking of salesforce where it was very much a handshake, and then you have southwest and disney. >> elliott goes to -- i think they would have expected a lot more resistance with salesforce. elliott goes to salesforce, and marc benioff says, tell me what to do. they're thinking, like, give me a break. no, he said, really. let's meet. let's meet constantly. i'll meet with you on saturday. i mean, there was an amazing synergy between what elliott wanted to do and marc thought the stuff at salesforce -- really great. and then southwest, it looks like they wanted total overhaul because southwest is not where they think it should be. newlands and constellation, very good. if you work with elliott, they have a lot of good people. it's kind of like bringing in mckenzie but not having to pay for it and being more attuned. i think that starbucks is a very big buy here because of elliott. >> well, you've been saying,

and even starbucks crowdstrike says this was not a security incident or cyber attack. the issue affected windows-based machines, not mac or linux and there is a fix, but it's not necessarily easy. it departments around the world now scrambling to clean up the mess, which in many cases involves getting hands-on with computers. no easy feat in today's world of distributed machines and remote computing it. workers prepare for a long weekend. the good news here is that the issue doesn't affect many personal computers running windows and one officer macean here. our world is more connected than ever. so problems that were once local now go global companies are operating worldwide. so when something breaks, it affects a much wider swath. >> all right. that was rich demuro reporting for us tonight. and fortunately, our weather computers are doing just fine. no technology glitches here. >> is a hot day in the bay area. really hot if you're inland. this is the view from mount tam, even yeah. hot on mount tam today. the only real cool spot as if you head to the coast that wasn't

meanwhile, starbucks was down nearly 20% over that time.es with a new training system, rolling out this summer, making tweaks to help address ongoing bottlenecks in stores, handling up expected surges in traffic. >> it's called the siren craft system. it's now in more than 1,100 locations at starbucks across the country. these are behind the scenes changes, meant to make a material difference. there's now a play call role in place, who steps away from production and helps to solve for logjams and cafes like re-stock cups or helping when an unexpected crowd arrives pch previously, cold beverages were prioritized from start-to-finish, even if a hot beverage order came in first. this could create traffic jams in the drive-through if someone ordered one of each. the cold will come out first. >> we now actually have proper sequencing between our hot and cold bar, especially as cold bar is becoming as popular as ever, to really have a consistent experience for the customers. so we're actually making them in the order they're coming in. >> the com

. >> the starbucks app is running again after going down for several hours today.ty cloud service is being blamed. starbucks mobile app and drive thru orders make up more than 70% of the company's sales. starbucks also reported a 3% drop in sales worldwide, its second straight quarter of decline. >> all right, to the weather. the heat is not on just yet, but it is coming back. >> it certainly is. abc seven news weather anchor spencer christian is here. spencer. >> okay. and anna, whatever. it's fine. it's a combination of ama and dan. dan well, anyhow, let's move along and take a look at what's going on with our weather right now. the satellite radar composite image shows a rather brisk onshore flow, which has helped keep our air quality really good here in the bay area. despite the smoke from the fires over in the northern sacramento valley. so right now we're looking at calmer wind, but it's been a steady flow all day and things are pretty pleasant outside right now. here's a view from mount tam looking down onto the bay. we haven't seen a deep marine layer formi

la primera etapa del programa tendrá cargadores de 400 kilovatios en varias locaciones de starbucks aestaciones públicas para 7 millones de vehículos eléctricos en los próximos 7 años. eso es haciendo números. supondría unos 129.000 nuevas estaciones de recarga o de carga al año. eso es 7 veces el ritmo actual. algunos de los obstáculos serían. pues económicos. el dinero también. la acumulación de permisos y los retrasos en la red. 5 con 18 momento de hablar de deportes y esta tarde el protagonista va a ser el fútbol. bueno, vamos a ir a la palco deportivo, vamos a transmitir desde ahí. lo está viendo usted? people's park ahí se encuentra ya max, cuéntanos. juegan los cracks. contra quiénes juegan y cuál es la previsión que tienes? fátima césar, un fuerte abrazo desde people park. así como ya lo venían informando ustedes, noche de soccer en la bahía. el equipo de russell va a enfrentar a de houston dynamo a partir de las 19:30 de la noche. nosotros a las 6 vamos con la previa más a fondo del partido, pero vamos a retomar una historia que les presentamos en exclusiva en telemundo 48. e

starbucks says charging deserts in urban areas will get priority. program's goal is to make charging evs of any brand as easy as picking up a cup of coffee. >> anthem blue cross hosted a packing party today in palo alto to fill backpacks with school supplies for families with critically ill children. about 45 anthem employees and volunteers were there, all stuffing backpacks, 200 of them with notepads, pencils, markers and glue sticks. the fully stocked bags will be gifted to the children and siblings at the ronald mcdonald house at stanford, which provides services for families whose children are receiving treatment at local hospitals. an anthem volunteer tells us taking care of back to school shopping for families allows those families to spend more time together. >> their families are able to stay with them, to give them support, and we wanted to give back to them and get them started off on the right foot for school next year. >> today's backpacks have already been dropped off at the ronald mcdonald house, ready for their new owners. >> all righ

there are also plans to expand chargers to starbucks locations on the east coast.s action lawsuit over that chaos at the copa amÉrica soccer tournament in florida last week. they claim that organizers should have foreseen this situation and implemented a plan to stop it. so you remember this match was delayed more than an hour after thousands of fans who did not have tickets breached security to enter hard rock stadium. meanwhile, people who actually had tickets couldn't get in. they were denied entry. the lawsuit seeks full refunds with interest and reimbursements for travel expenses. >> wnba star brittney griner will have another fan cheering for her as she competes in the summer olympics in paris. her son griner and her wife cherelle, welcomed a baby boy on july 8th. the phoenix mercury star player revealed the happy news on the sheknows podcast, where she said, quote, that's my man. griner is heading to paris this week to play for team usa. >> well, congratulations. very cool. all right, let's talk about the hot weather again. we've been through this routine i

starbucks also reported its quarterly results, which showed a slump in sales, amid weaker demand andpurse strings. same—store sales fell both in the us and internationally, with china logging the biggest decline of 14%. stiff competition from local cafes and coffee shops have become more appealing, given the lower price offerings for their beverages. in asia, we turn to the bank ofjapan, and its latest decision on interest rates, due wednesday. inflation and a weak currency suggest that the central bank could soon move further away from a policy of ultra—low interest rates and purchases of stocks and bonds to support the economy. in march, the bank ofjapan raised rates for the first time in 17 years. kei 0kamura, portfolio manager at neuberger berman in tokyo laid out the economic implications of today's decision. well, we did get some news, or some leaks several hours ago, suggesting that the bank of japan and its monetary policy committee is considering the policy —— possibility of raising interest rates to 25 basis points, and also to curbing or slowing down the purchases going in

el 1 de julio estuvo en este starbucks, entre las 9:30 a.m.ana, este es el recorrido que hizo el turista contagiado, que se convierten el caso nÚmero 12 de sarampiÓn en california, ahora las autoridades estÁn rastreando los sitios en los que estuvo, para descartar nuevos pacientes. en la taquerÍa asegura que la persona llegÓ sin sÍntomas y que sus trabajadores de fueron alertados. >> hasta ahorita todo ha estado bien, no se ha reportado ningÚn caso de viruela ni nada y ya preguntamos y nos aseguramos con los trabajadores que todos estÁn vacunados. dayana: los clientes a los que pudieron contactar tampoco han reportado nada extraÑo, pero el turista que estuvo aquÍ en su periodo infeccioso tambiÉn abordÓ un vuelo de south west hacia chicago junto a otras 90 personas. >> el problema de sarampiÓn es que es muy contagioso, de hecho, si tenemos 10 personas en un elevador que no han estado protegidos, 9 de ellos te pueden contagiar. dayana: los sÍntomas del sarampiÓn incluyen fiebre, tos y pueden aparecer incluso 21 dÍas despuÉs de la infecciÓn. >> l

jetblue also reports as well as starbucks.l lebeau has the key numbers to watch with jeoet jetblue. >> when jetblue reports later today, they will key in per seat. it is what jetblue says about unit revenue for the rest of the year that could determine how jetblue shares trade on wednesday. this is an airline in the midst of restructuring routes under new ceo. they are making progress, but still have a long way to go. garrity's focus is on adding profitable routes. not just to pick up market share. we will speak with joanna geraghety today on closing bell and where jetblue is and where it expecting to go the remainder of the year. >> good morning, starbucks will report later today. analysts are looking for revenues of $4.2 billion for the third quarter. the key figure is same store sales. expected to drop 2.7% and internationally expected to be down 5.1%. sales in the u.s. are expected to decline 2.2%. last quarter, it slashed guidance and occasional customers came in less. the expectations for the same-store sales are in the

. >> the starbucks app is running again after going down for several hours today.ird party cloud service is being blamed. starbucks mobile app and drive thru orders make up more than 70% of the company's sales. starbucks also reported a 3% drop in sales worldwide, its second straight quarter of decline. >> all right, to the weather. the heat is not on just yet, but it is coming back. >> it certainly is. abc seven news weather anchor spencer christian is here. spencer. >> okay. and anna, whatever. it's fine. it's a combination of ama and dan. dan well, anyhow, let's move along and take a look at what's going on with our weather right now. the satellite radar composite image shows a rather brisk onshore flow, which has helped keep our air quality really good here in the bay area. despite the smoke from the fires over in the northern sacramento valley. so right now we're looking at calmer wind, but it's been a steady flow all day and things are pretty pleasant outside right now. here's a view from mount tam looking down onto the bay. we haven't seen a deep marine laye

this is key, as recent challenges led to starbucks cutting guidance in its last quarter.hings, kate, that should have been in place already. you know, in terms of the prioritization of the cold, is that because it's a higher margin cup? >> some of the cold drinks have many more steps, and i was told that basically pulling the espresso shot would be the last part of that procedure, so, sometimes they'd have to pause and go make a cold beverage from start to finish and that, melissa, is where that equipment component will come in. in the next few years to come. that will be in 10% of stores by the end of this fiscal year. but that will also reduce the number of steps. so, basically, they're making the beverages in tandem, and they say, people are et being their drinks faster. and more people are coming in-store now, because the experience has been better so far. >> doesn't make it cheaper, though, does it? >> does not. so far. we'll see, next quarter coming up, we'll see what they say about pricing. >> kate, thank you. kate rogers. all right, so, one piece of the issue, one

the user published this image and wrote that this empty store is the largest starbucks representative in qatar. another says that this is the situation here on a busy night in istanbul. mcdonald's stello restaurant, maybe seeing pictures like this made mcdonald's and starbucks the subject of cnbc's report, the sanctions have done their job, the business of these companies has been damaged, mohammad javad , the guide of the radio and television news agency, revealing part of the information about joe biden's parkinson's disease. it attracted the attention of the american media the new york times announced in its exclusive news that only one parengson specialist has visited the white house 8 times in 8 months. four months before the us presidential election, the disclosure of new information about joe biden's parkinson's disease has become the focus of american public opinion and media. trump is still going on, that debate and especially biden's unprecedented weakness and inability are being criticized by the american people . i asked a number of new york citizens their opinion about th

and even starbucks crowdstrike says this was not a security incident or cyber attack. issue affected windows-based machines, not mac or linux and there is a fix, but it's not necessarily easy. crowdstrike ceo spoke about the complexity of the problem on nbc's today show. well, you, when you look at software, it is a is a very complex world. and there's a lot of interactions and i'm always staying ahead of the adversary is is you know, a tall task. so >> the sort of obviously, you know, you try to understand and mitigate them. >> in some you have weird interaction and didn't seem like it happened every window system. there's different versions and flavors a patch levels, if you will. and we're just trying to sort out where the that negative interaction again, that's what we're focused on, back up and running. >> it departments around the world now scrambling to clean up the mess, which in many cases involves getting hands-on with computers. no easy feat in today's world of distributed machines and remote computing it. workers prepare for a long weekend. the good news he

we had a critical conversation with a ceo about starbucks.part of the problem with starbucks was the alleged connection to israel which is nil. so there's a possibility the u.s. could surprise. china is a disaster area. hugo boss -- >> it was burberry yesterday, boss today. >> holy cow. anything that's even remotely flashy is just not doing well. >> there's a look at rich month. shares down 9% in europe. cuts their earnings and sales forecast. >> china is a disaster area. i'm waiting for one ceo to come on and say china is a disaster, we've got to get out of china. i remember when procter & gamble said it and the stock got clobbered. somebody in this business has to come out and say china is a disaster and we're done with it. >> where you're exiting production or just exposure? >> exposexposure. unless you make it there -- look, apple is probably the most cherished employee other than costco. costco and apple are the best employers in china. i think the government needs employers. i think we're going to find companies saying, listen, we're mo

starbucks resuming its down trend, down nine of the last ten days, and 11 of the last 13.dy's is trading at levels not seen since may 2022. and even mcdonald's is down more than 15% this year. nonfood stocks like etsy, nike, wynn also well in the red today. so, weakness being felt across the consumer spectrum. could there be a reckoning in the broader market? tim, what do you think? >> well, the broader market may be okay, because the math doesn't really add up in favor of a lot of these stocks. if you think about what's being driving the zes&p, and the rall that resumed today in semis, you know, returned to glory, they have returned to glory, but back to mcdonald's, we've been telling this tale for a long time. we lined guy up to eat from three different value meals -- >> that didn't end well. >> we don't know what the end of that story was at home. but we know that we have heard from mcdonald's, we've heard from wendy's, we've heard from every fast food and even fast casual, and when you have a valuation like the one that chipotle has, i recognize, this is a story that r

. >> starbucks was down, too, and people were shook. one customer posting on x this morning's outage was so annoying i had to place my starbucks order in person like a cave man! i spoke with cbs news tech correspondent ian. he say this is really sort of a wakeup call. >> we have to make decisions about how we run things. and maybe it is time for us to think about backstops and ways to put out and give out tickets that don't require a printer. and all sorts of other stuff. >> reporter: a microsoft outage is the closest thing that adults get to a snow day. and i did see some posts from people disappointed that the outage didn't actually affect their workplaces because it was business as usual and no friday fun day. >> if you are stuck in an airport hours on end or a hospital. >> reporter: they had to cancel some elective surgeries. >> not good there. you can hold the macchiado extra shot or go in and get it. >>> still ahead, a commemoration being held in a chapel with a lot of history. >>> and health care workers rally to stop the closure

there are plans to expand the chargers to starbucks on the east coast.omentous moment in space exploration. we're looking back at the apollo 11 mission yesterday marked 55 years since man's arrival to the lunar surface, pilot buzz aldrin successfully landed the module on july 20th. in 1969, six hours after that landing, neil armstrong took his first steps on the moon's surface. it was a win for the country in the space race and, of course, a big step for the human race still to come this morning, a day of honor and remembrance and correcting a historical wrong. we'll take you to that special ceremony for the anniversary of the port chicago disaster. then israel hits back the country it targeted in response to a drone attack on tel aviv and before we head to break, a reminder this year's aids walk is happening today at golden gate park. the annual fundraiser benefits local hiv and aids programs. abc7 news anchor dan ashley will be there as the emcee today. to register, you can call 415615 walk or visit spacewalk dot net. we'll be right back better in as l

there's going to be longer lines in those wait times at starbucks. while we're also in downtown walnut creek, we did run into some contra costa fire officials with ems. they see that their syste s are all working when it comes to getting those 9-1-1. calls they are experiencing some internal issues. but for the most part, all of that is working. oakland, the city also says that some of their systems are down right so it's kind of affecting everyone back out here live again that starbucks, all of those apps are going to be down this morning. so if you're heading out this morning, like we ran into a lot of people get care from them in the next hour. kind of being inconvenience. maybe like a first world type of problem. but again, i don't know how long this is going to last. and we're hoping to chat more with some banks this morning as they start to open up along with those businesses here in downtown. but that is the very latest from creek that michael thomas will send it back to at least showing you the airport and the copyright coffee is your problem

. >> starbucks experimenting with new sustainable cup options and changes starting at stores here inthe bay area. first, though, a check of our forecast with drew. >> hey kumasi time approaching 542. let's get you going! on our day to day, we will find temperatures that are mild. this morning we have partly cloudy skies up above and those numbers do warm pretty fast away from the coast. by about lunchtime we're closing in on 80 degrees, so we will find those heat advisories and excessive heat warnings continuing for another day. the reason why high pressure is centered over nevada. it's acting like a heat pump across the southwest. we're watching some of these showers rotating around that high. yesterday it sparked some thunderstorms in the high sierra. we could likely see that happen again today. we'll keep our eyes on that. here's a look at the day planner. today we have cirrus clouds all day long. it's a mostly sunny day. our sunrise here at 606 this morning. our sun set at 826. those heat alerts continue throughout the afternoon away from the coast. today is the hottest afternoon

perhaps seeing images like this made mcdonald's and starbucks the subject of cnbc's report . he wrote: sanctions have done their job in business. these companies have been damaged. mohammad javad, guide of sed and sima news agency. good morning , dear and respected compatriots . good morning, dear viewers. with the greetings of the reporter, join us today. one of today's news programs is the holding of a press conference of the hosseini infant conference, which is scheduled to be held on friday. hazrat ali asghar, peace be upon him, let us know more about this year's programs of this assembly and this year's conference let's talk, sir, hello, good morning , welcome, peace be upon you, and may god's mercy be upon you. from the programs that have been prepared this year , is your main program on friday? this year is the second year, as you are aware , we have been at your service in the past years as well. you know that the world assembly is a group of people. as a delegation of the world assembly, we are proud to be the real reader of the oppression of karbala , with the turni

there are plans to expand the chargers to starbucks on the east coast.ill to come this morning, a day of honor and remembrance and correcting a historical wrong. we'll take you to the special ceremony for the anniversary of the port chicago disaster. and israel hits back the country it targeted in response to a drone attack on tel aviv. and before we head to break, a reminder, this year's aids walk is happening today at golden gate park. the annual fundraiser benefits local hiv and aids programs. abc7 news anchor dan ashley will be there as the emcee. to register, you can call the number on your screen or visit spacewalk dot net. a team can help you plan for your dreams. so your dream car, and vacation home, may be closer than you think. ready to meet the dream team? you can with wells fargo. introducing togo's new barbecue beef sandwich. it's piled high with tender beef that's slow cooked and smothered in tangy memphis style barbecue sauce. it's no fuss, no muss. just tons of flavor. the best barbecue beef is only a togo's. try one today. dave's company

starbucks in walnut creek closed its drive-thru for 20 minutes. so it could catch up on all the orders and not all the customers were understanding. many thought. >> big it was down to just said order had not available to. yes, i wanted to order ahead, but i was like i'm a little early for words. i can just come >> the world bout world wide outage also affected services like visa adt security and amazon governor gavin newsom responding to the outages saying the state is coordinating with local emergency officials and other critical infrastructure partners to address the impacts of this outage. he added there are no reports of impacts to life safety. public services in california. stay with us here on the kron. 4 on air and online as we learn more about this global tech outage will let you know. so download the free kron. 4 mobile app to get push alerts sent right to your mobile device. you can also get the latest information on our website. kron 4 dot com. 2 police officers who shot and killed a woman in pacifica will not be facing charges before

starbucks has another quarter of declining sales. $6 coffee's just too much for some customers.om rival drive-thru coffee chains and people making their coffee at home. starbucks has some plans to turn things around, including value meals and investments to speed up customer wait times and target is introducing its first cheney wide denim take back event. the company says from august 4th through the 10th customers can recycle their used outgrow denim and then they'll get a 20% off. a new denim apparel purchase, a target bring up to 5 items. there's a box there in the story. can drop them off and it can be used on brands like universal thread and wild fable live from the nasdaq market site. i'm jane king. back to you, james. all right, jane, thank you very much. >> also for your money this morning, the federal reserve could announce whether rate cuts are going to have happen as soon as today. wrapping up right now, the two-day policy meeting that they're having. an economists are predicting the cuts could come in september as long as inflation continues to go down a cool down, a

starbucks says charging deserts and urban areas will get priority. the program's goal is to make charging evs of any brand as easy as picking up a cup of coffee. state lawmakers have agreed to provide cities and counties with another $1 billion to address homelessness this year, but they disagree on how the money should be tracked moving forward. this week, governor newsom vetoed a bill that would have required an annual audit of the program after a current audit showed the state did not properly track the effectiveness of the spending. a public dashboard now shows that $1.3 billion has been spent out of $2.4 billion awarded, and more than 24,000 people have been moved into housing. san jose has become the very first city in the state to allow backyard dwellings to be sold as individual units. a bill by san francisco assembly member phil ting allows property owners to sell their accessory dwelling units, or adus, like condominiums, separately from their home. adus have risen in popularity after the state legislature passed laws that made them easier

starbucks operations in china dropped 14% in the last quarter. the ceo says.uying the company's packaged coffee at the grocery store. starbucks is also seeing some success with its new products, such as its refresher fruit drinks with boba. i'm pam cook. let's look at your dollars and cents. >> thank you. pam 752 let's see what sal is keeping his eye on in traffic center. >> all right, keisha and dave, right now, we do see the east bay westbound 24. a little bit of fog out there on our camera, but not affecting the commute. heading over to oakland from walnut creek. also heading over to marin county from the east bay. we have a little slowing at the richmond bridge, and we look at the toll plaza. we're already seeing some improvement here. we are almost at 8:00, and at one point it was backed up beyond 880. but now things are improving. and this is a look at interstate 880. right there you can see that traffic is moving along pretty well heading north southbound 880 some slowing here from 238 to 92 752 let's bring rose roberta back. i start with the row. and t

seeing pictures like this made mcdonald's and starbucks the subject of cnbc's report . sanctions have done their job. the business of these companies has been damaged. mohammad javad, the guide of the sada and sima news agency, disclosed some information about joe biden's suffering from parking sickness. so that nearly 90% of the time of the white house press conference is reserved for the spokesman, although he evaded and denied many of your claims about the president's illness, i will answer once. has the president been treated for parkinson's before or is he currently being treated? no , has he taken parkinson's medication or is he taking it? no, i cannot because of security issues. about 72% of the american people consider joe biden to be unfit for the presidency of this country. of course, from this point of view, trump's situation is not much better than biden's, and nearly 50% of the american people consider trump to be unfit for the presidency of the united states. ali rajabi, radio and television news agency new york. hurricane brill claimed four lives in the u

like this, mcdonald's and starbucks became the subject of cnbc's report.ave done their job. the business of these companies has been damaged. mohammad javad , the director of sada and sima news agency, disclosed some information about joe biden's parkinson's disease, drawing the attention of the american media. attracted the new york times announced in an exclusive news only a parkinson's specialist during 8. the election of biden and trump is going on, and that debate and especially the unprecedented weakness of biden is being criticized by the american people. a number of new yorkers were asked to comment on that debate. i really feel sorry for ourselves as american people. both of them. it's like they don't know what they are talking about. biden was very slow. it was embarrassing. the performance of both of them showed that none of them are capable of becoming president. in a new poll by cbs news, it was found that about 72% of americans think joe biden is unhealthy they know mental and diagnosis for the presidency of this country. of course, in this r

and let's not forget china. starbucks plans to open a coffee shop every 9 hours so it can reach 9000 locations across the country by 2025. which means we need to be growing a lot more coffee. but climate and stability is already taking a huge toll on production. in 2021, a severe frost in brazil's coffee region of amino shed, eyes wiped out fast waves of coffee trees, coffee price is search. nearly 13 percent re generation of the crops and the eco system will take years. meaning the losses will continue, such as irregular temperatures also make the plants more vulnerable to pest and disease. for the last 15 years, a rust epidemic coffee refreshed arrived in, in strong force across the central and south america. this is dr. vern law. she's ceo will read coffee research, a research non profit funded by the industry in central america alone, 1700000 people last work during that period. so there are human consequences to the challenges. part of the problem is the coffee plants are finicky. they go through a delicate flowering phase and it takes 4 years for a single coffee tree to get a 1

the unnamed person visited los gatos, a starbucks there on blossom hill road. then they went to santa cruz and visited a taqueria taqueria los pericos on water street. doctors say the next morning that infected person caught a southwest flight from san jose to chicago. joining us now is doctor peter chin-hong, infectious disease expert at ucsf. doctor, thanks for being with us. why the measles warning here? let's start with that. aren't most people vaccinated? why is there such a concern, the concern raj because the number of cases in the united states is going up dramatically. we have a lot more at this time of the year, actually, more than all of last year. and the number of unvaccinated individuals is increasing in the us over time. so that leaves a lot of people vulnerable to measles and more importantly, the people who are most vulnerable are not protected by the people. with strong immunity. sure. so we talked about this person went to a starbucks, a local taqueria, but also a southwest flight. is that the most concerning for you to be with someone in mea

and let's not forget china. starbucks plans to open a coffee shop every 9 hours so it can reach 9000 locations across the country by 2025. which means we need to be growing a lot more coffee. but climate and stability is already taking a huge toll on production. in 2021, a severe frost and brazil's coffee regional administrator highs wiped out vast waves of coffee trees, coffee prizes, search nearly 13 percent re generation of the crops and eco system will take years, meaning the losses will continue. such a regular temperatures also make the plants more vulnerable to pest and disease. for the last 15 years, a rust epidemic coffee we've pressed, arrived in, in strong force across the central and south america. this is dr. vern law. she's ceo will read coffee research, a research non profit funded by the industry in central america alone, 1700000 people lost work during that period. so there are human consequences to the challenges. part of the problem is the coffee plants are finicky. they go through a delicate flowering phase and it takes 4 years for a single coffee tree to get it 1