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>> look, brian niccol is a serial under promiser. jack hartung, by the way, was the only person on this whole quarter who said we raised prices so much, it didn't work. how refreshing is that? no one will admit to raising prices. brian is so special. he wanted to respond. he was just appalled there was this social media thing saying that portions are smaller. i don't know. i know we have to go to producer price index, but this is shocking. >> a few quarters and you think the market is fine with it? howard schultz is fine with it? >> brian niccol has credibility. a chipotle was in shambles. jack hartung is staying on, which is a big deal for shareholders who are frantically selling stock. you don't see this. you don't see someone don't do a good job for two quarters and then -- other than in football -- other than in football, they will fire someone mid season. i've not seen this level of rigor in a major corporation. >> it's been a while since we have had a hop like this at companies of this scale. >> and sometimes the activists can
>> look, brian niccol is a serial under promiser. jack hartung, by the way, was the only person on this whole quarter who said we raised prices so much, it didn't work. how refreshing is that? no one will admit to raising prices. brian is so special. he wanted to respond. he was just appalled there was this social media thing saying that portions are smaller. i don't know. i know we have to go to producer price index, but this is shocking. >> a few quarters and you think the market...
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Aug 13, 2024
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the world's biggest coffee chain has poached brian niccol, who's been running the mexican inspired foodchain, chipotle. the new chief executive is credited with reviving chipotle�*s fortunes after its reputation was devastated by an ecoli outbreak. niccol takes over from laxman naraishman, who began work in april last year with a mission to reinvent starbucks but his performance disappointed investors. starbucks shares jumped after the announcement and chipotle�*s have dropped. market analyst victoria fernandez told us that illustrates the esteem in which investors hold the new boss. we see from the stock reactions of those two companies exactly what the market thinks about this move. and you have brian niccol, who has done tremendous work at chipotle. you have seen that stock grow. you have seen revenues grow. you've seen eps grow since he took over. and they're a company that, even from the pandemic forward, has continued to be able to raise prices and get a higher dollar value from consumers when they're pulling back in other places. we know from starbucks�* earnings over the last week, t
the world's biggest coffee chain has poached brian niccol, who's been running the mexican inspired foodchain, chipotle. the new chief executive is credited with reviving chipotle�*s fortunes after its reputation was devastated by an ecoli outbreak. niccol takes over from laxman naraishman, who began work in april last year with a mission to reinvent starbucks but his performance disappointed investors. starbucks shares jumped after the announcement and chipotle�*s have dropped. market...
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or do you just say brian niccols will figure it out?i do believe there is a morale problem at the company. i went this morning, and service was horrible. you know, very sort of not upbeat environment. and i think that has happened more and more around the company. he did a good job in building morale in the company, partially why the stock split happened so that employees could have access to the shares. so i think he has the formula, and, yeah, we are along for the ride, but not indefinitely. we'll see what he says. we'll see what he does in a couple of quarters and will give us a sense if he can pull this off. >> it's going to be a fun ride. this is the biggest possible challenge. he could just say, people love me, i'm going off in the sunset. to take this on really says about the confidence that he has, and we'll see if he can pull it off. thank you both. >>> coming up, stocks are generally moving higher as the first of two major inflation reports come in lighter than expected. the nasdaq up 2.25% right now. we'll look at what it mea
or do you just say brian niccols will figure it out?i do believe there is a morale problem at the company. i went this morning, and service was horrible. you know, very sort of not upbeat environment. and i think that has happened more and more around the company. he did a good job in building morale in the company, partially why the stock split happened so that employees could have access to the shares. so i think he has the formula, and, yeah, we are along for the ride, but not indefinitely....
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Aug 13, 2024
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brian niccol, is the key to a new starbucks. you just need to know that this turnaround can't happen overnight. but, i am telling you, it is going to happen. i feel like taking some calls. i would like to go to new york. >> how are you, jimmy? >> i couldn't be better. how are you? >> thank you. i love to be on the show. i love your show. >> thank you. >> i wanted to ask you, about amazon. >> sure. just the other day, i issued an alert, that we were buying amazon. we are up nicely on it. i have gone over the amazon quarter announcements. it was not a horrible quarter. they were being conservative about the spend of the retail customer. everything else was great. amazon withstood that level at the 161, 164, going on. amazon is a buy. attend my meeting tomorrow at the investing club read you will hear more. if you are not in the club, what is with you? anyway, i feel positive this was the right move for starbucks. we know starbucks for the trust. strong showing, one hold on the right foot, i would like to post the earnings exquisit
brian niccol, is the key to a new starbucks. you just need to know that this turnaround can't happen overnight. but, i am telling you, it is going to happen. i feel like taking some calls. i would like to go to new york. >> how are you, jimmy? >> i couldn't be better. how are you? >> thank you. i love to be on the show. i love your show. >> thank you. >> i wanted to ask you, about amazon. >> sure. just the other day, i issued an alert, that we were buying...
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Aug 26, 2024
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is brian niccol a miracle worker? no. brian niccol is a food guy who's also a technician.ou need. you can't just have the triple pump atom bomb being reinvented every time. i don't mean to big boy and little boy. i want triple venti cappuccino with skim wet and i want it now. and he'll give it to me now. >> only a few minutes from vi aopinbe he. don't go anywhere. nate jones... steps up to the mirror... lines things up... towels off... checks his fidelity app... looks to outside analysts to get a second opinion. nate likes what he sees... same page? -[ dog barks ] and he places the trade... before anyone hears him talking to himself. [ dog whines ] buy u.s. stocks and etfs for as little as $1, with no commissions. talk about easier investing. business. for as little as $1, with no commissions. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnersh
is brian niccol a miracle worker? no. brian niccol is a food guy who's also a technician.ou need. you can't just have the triple pump atom bomb being reinvented every time. i don't mean to big boy and little boy. i want triple venti cappuccino with skim wet and i want it now. and he'll give it to me now. >> only a few minutes from vi aopinbe he. don't go anywhere. nate jones... steps up to the mirror... lines things up... towels off... checks his fidelity app... looks to outside analysts...
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Aug 13, 2024
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starbucks has named brian niccol as ceo effective september 9th. 14% over at starbucks. and chipotle, by the way, it's the other direction. and mellody hopson, the current starbucks chair will become lead independent director and she joins us right now. and we welcome her to the broadcast. thank you for joining us, especially as this newsis just crossing the tape. mel mel mellody, tell us how this happened. there's obviously been a lot of challenges at starbucks over the past year. >> it's my pleasure to be here. thanks for having me. it happened because our board a couple of months ago started to engage in a conversation about the leadership of the company and i made an overture through someone to brian and he took the call. and we thought we had the opportunity to engage with one of the biggest names in the industry, someone whose track record is just clearly proven. not only through the spectacular results that hooe's had at chipotle, but also at pizza hut and taco bell. he knows this industry and we thought, he would be the right leader for thi
starbucks has named brian niccol as ceo effective september 9th. 14% over at starbucks. and chipotle, by the way, it's the other direction. and mellody hopson, the current starbucks chair will become lead independent director and she joins us right now. and we welcome her to the broadcast. thank you for joining us, especially as this newsis just crossing the tape. mel mel mellody, tell us how this happened. there's obviously been a lot of challenges at starbucks over the past year. >>...
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Aug 14, 2024
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. >> wouldn't it be easy if brian niccol went to nike? >> at the same time! >> no. i think, i owned it too. i thought a lot of the, you know, the bad news was behind it. to me, a very similar story to lululemon, the once absolutely behemoth, did everything right for years, and then lost their way and found themselves in real competition here with on and hoka. still like it. >>> let's turn to the straw that may have broken google's back. shares of alphabet sinking 4% today after news that the justice department is considering forcing a breakup of the tech giant. it's not the first time the company has found itself in the cross hairs of the u.s. government, but usually the stock seems to shrug off the threat. so, why not this time around? let's get more details from eamon javers. >> hey, melissa. there have been a number of media reports that a breakup of the company could be on the table, and that is literally true, because at this stage of the process by definition, all options are in play. but the real question is whether the department of justice is willing to go
. >> wouldn't it be easy if brian niccol went to nike? >> at the same time! >> no. i think, i owned it too. i thought a lot of the, you know, the bad news was behind it. to me, a very similar story to lululemon, the once absolutely behemoth, did everything right for years, and then lost their way and found themselves in real competition here with on and hoka. still like it. >>> let's turn to the straw that may have broken google's back. shares of alphabet sinking 4%...
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Aug 13, 2024
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what is your single piece of advice for brian niccol as he begins this job?have to concentrate on and get right? >> well, he has to not overpromise. i think right now the scale of this business is a lot smaller than what he had. you know, if you had 40,000 restaurants, roughly for starbucks around the world, here we have 3,500 mainly in the u.s. and only 100 international. as he wants to ramp up international, he has some experience there. but some of that experience was selling yum off to china, to derisk china. are they going to do the same thing here? they're not really in -- so, some of the challenges with starbucks now in scale is he's -- it's huge. it's a lot bigger than where he was in chipotle. that will be a challenge both in scale and on international. his premium product making that the integrity of the food, the fresh ingredient. he made a marketing plan around that. his employee moral is soaring. you wonder how much higher can he go? he's approaching 70%. this is a fantastic place to work. it's quite a difference to others. so these are some issu
what is your single piece of advice for brian niccol as he begins this job?have to concentrate on and get right? >> well, he has to not overpromise. i think right now the scale of this business is a lot smaller than what he had. you know, if you had 40,000 restaurants, roughly for starbucks around the world, here we have 3,500 mainly in the u.s. and only 100 international. as he wants to ramp up international, he has some experience there. but some of that experience was selling yum off...
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and you have brian niccol, who has done tremendous work at chipotle.
and you have brian niccol, who has done tremendous work at chipotle.
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Aug 22, 2024
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brian niccol was never going to be bobbing in and out of the office.ing in a privatejet. starbucks is a global business. he is going to be travelling to stores, meeting with global investors. that is regardless of where he is based. the company has also said he is going to have a house in seattle, meets the hybrid work requirements of other employees at the company. i would say that travelling is inherent to the job of a ceo of a global company. so the environmental negatives are likely going to be the same whether he is so called super commuting or not. i same whether he is so called super commuting or not.— commuting or not. i think there is something — commuting or not. i think there is something about _ commuting or not. i think there is something about him _ commuting or not. i think there is something about him having - commuting or not. i think there is something about him having a - commuting or not. i think there is i something about him having a office built for him near his home as well. something in his contract. it does suggest, i suppose,
brian niccol was never going to be bobbing in and out of the office.ing in a privatejet. starbucks is a global business. he is going to be travelling to stores, meeting with global investors. that is regardless of where he is based. the company has also said he is going to have a house in seattle, meets the hybrid work requirements of other employees at the company. i would say that travelling is inherent to the job of a ceo of a global company. so the environmental negatives are likely going...
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Aug 14, 2024
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chief executive laxman narasimhan is stepping down and will be replaced by brian niccol, the head of mexican grill chain chipotle. the shake—up comes as starbucks continues to grapple with a slump in sales, amid price increases and boycotts sparked by the israel—gaza war. niccol�*s new role begins on 9th september. google has just revealed a new lineup of of devices that are set to further incorporate artificial intelligence. at their latest event held in california, the company unveiled the pixel 9, which will be fully integrated with �*gemini'. that's google�*s ai model that competes against chatgpt. the company also showcased their latest smartwatch — the pixel watch 3. one new feature includes the ability to contact emergency services automatically, when the wearer's pulse has stopped. speaking of smartphones, india's market for the devices grew by 7% year on year in the second quarter with chinese brands dominating the market once again according to a recent report. the bbc�*s arunoday mukharji has more on the findings and also how �*make in india' efforts to localize production
chief executive laxman narasimhan is stepping down and will be replaced by brian niccol, the head of mexican grill chain chipotle. the shake—up comes as starbucks continues to grapple with a slump in sales, amid price increases and boycotts sparked by the israel—gaza war. niccol�*s new role begins on 9th september. google has just revealed a new lineup of of devices that are set to further incorporate artificial intelligence. at their latest event held in california, the company unveiled...
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Aug 22, 2024
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. - starbucks and its newly appointed boss brian niccol have come under fire for plans to allow him commute in california to the firm's headquarters in seattle on a private jet. the swift removal of niccol�*s predecessor and the $100 million deal to poach him from another company has been big news in corporate america. critics have point out the contrast between the company's green stance and its executives' lifestyles. that is your business today. do stay with us on bbc news. we will have more business news for you tomorrow. join us then, goodbye. you are watching bbc news. it's day four and the culmunation of the democratic national convention in the us. in the coming hours, vice—president kamala harris will formally accept the nomination, and deliver her acceptance speech. with many saying the presidential race is too tight to call at the moment, this will be a big test for kamala harris. she's received raucous backing at the convention throughout the week, and party strategists will be hoping this will be her moment to shine. last night, her running mate, tim walz, gave a combative addr
. - starbucks and its newly appointed boss brian niccol have come under fire for plans to allow him commute in california to the firm's headquarters in seattle on a private jet. the swift removal of niccol�*s predecessor and the $100 million deal to poach him from another company has been big news in corporate america. critics have point out the contrast between the company's green stance and its executives' lifestyles. that is your business today. do stay with us on bbc news. we will have...
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Aug 22, 2024
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starbucks and its newly appointed boss, brian niccol, have come under fire for plans to allow him tomiles from his family home in california to the firm's headquarters in seattle on a private jet. the swift removal of niccol�*s predecessor and the $100 million deal to poach him from another company has been big news in corporate america. but environmentalists have been enraged that niccol is being facilitated to remain living in newport beach and jet in for the three days a week when he's expected to be in the main office. joining me now is chris roebuck, global leadership expert, who's also on the advisory board of ucl school of management. we know this because starbucks made his job offer letter public in regulatory filings about niccol�*s appointment. what damage does it do to their environmental reputation? well, given that they knew they were going to have to publish this, did they not actually expect that someone might start asking questions and they might actually have to have and they might actually have to have a good, sensible answer? and, yes, it does. it does damage their
starbucks and its newly appointed boss, brian niccol, have come under fire for plans to allow him tomiles from his family home in california to the firm's headquarters in seattle on a private jet. the swift removal of niccol�*s predecessor and the $100 million deal to poach him from another company has been big news in corporate america. but environmentalists have been enraged that niccol is being facilitated to remain living in newport beach and jet in for the three days a week when he's...
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Aug 15, 2024
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. >>> newly named starbucks ceo brian niccol he will be paid $10 million in cash and stock awards when that package could be ultimately worth $113 million if he hit targets set by starbucks. >> it would take a lot to lure niccol away from chipotle to starbucks. >>> walmart reports the second quarter results before the opening bell today the numbers from the world's largest retailer may be scrutinized as the market is looking for any signs or tea leaves, that consumer are not spending as much, especially after amazon and home depot are warning consumers are being cautious zach johnson at stack financial. walmart is one of the largest holdings in his firm's portfolios zach, you have an axe to grind you own walmart. why do you consider keeping it and what do you look for >> well, i think you stated it earlier. one of the most universal stories of this earnings son son has season has been the u.s. consumer mcdonald's and starbucks and airbnb stated this slowdown is prevalent and taking place when we look at walmart, we anticipate a top line revenue slow down particularly from the low-to-mi
. >>> newly named starbucks ceo brian niccol he will be paid $10 million in cash and stock awards when that package could be ultimately worth $113 million if he hit targets set by starbucks. >> it would take a lot to lure niccol away from chipotle to starbucks. >>> walmart reports the second quarter results before the opening bell today the numbers from the world's largest retailer may be scrutinized as the market is looking for any signs or tea leaves, that consumer are...
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so what does the new boss, brian niccol have to do?ior editor of thestreet. thank you forjoining us today. what are those problems that the last chief executive laxman narasimhan didn't solve? it is chief executive laxman narasimhan didn't solve?— didn't solve? it is so difficult to say because — didn't solve? it is so difficult to say because there _ didn't solve? it is so difficult to say because there has - didn't solve? it is so difficult to say because there has been - didn't solve? it is so difficult to say because there has been so | didn't solve? it is so difficult to - say because there has been so many changes to the way we consume a starbucks on the way we consume our fast—food entities. people are waiting too long for their coffee, they are paying too much for it and as a result they have been leaving that in droves. since laxman narasimhan took over, sales have declined and in the past three quarters, it has collapsed. investors were tired of the turnaround story that wasn't materialising. the new diff executive has a mome
so what does the new boss, brian niccol have to do?ior editor of thestreet. thank you forjoining us today. what are those problems that the last chief executive laxman narasimhan didn't solve? it is chief executive laxman narasimhan didn't solve?— didn't solve? it is so difficult to say because — didn't solve? it is so difficult to say because there _ didn't solve? it is so difficult to say because there has - didn't solve? it is so difficult to say because there has been - didn't solve? it...
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Aug 16, 2024
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a new ceo over at starbucks and chipotle's brian niccol.e, getting some activist love, helping to drive that stock over the slastlast week. so it's interesting to see if these value type plays are becoming attractive for institutional investors given the changes we have seen. >> it show it is you shake things up, it can pay off. >>> the week's strong data has sparked a debate how much the fed should lower rates. some is baked in at this point, but my next guest says if they focus on too closely on certain names, they could get burned come september. joining me now are my guests. welcome to both of you. so you don't think we should put all of our eggs in the lower rates basket? >> not necessarily. so generally speaking, investors seem to think that lower interest rates are better for growth stocks than they are for value stocks. but i think it depends on the shape of the yield curve. there's basically no doubt that the fed is going to be decreasing the fed funds rate and we're going to see lower short-term rates. but that doesn't necessarily
a new ceo over at starbucks and chipotle's brian niccol.e, getting some activist love, helping to drive that stock over the slastlast week. so it's interesting to see if these value type plays are becoming attractive for institutional investors given the changes we have seen. >> it show it is you shake things up, it can pay off. >>> the week's strong data has sparked a debate how much the fed should lower rates. some is baked in at this point, but my next guest says if they focus...
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Aug 14, 2024
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the coffee giant has tapped brian niccol to lead the company, replacing its current chief executive whoasted only a year. nicole has led the mexican food chain chipotle since 2018 boeing, its revenue nearly 800%. cnn's nathaniel meyersohn has the details big changes at starbucks. >> the company is going to have its fourth ceo in just two years as brian niccol takes over the company from chipotle and starbucks has really struggled the last several years last quarter, its sales were down three 3% customers are really frustrated with higher prices. people are paying 56 $7 for iced coffee, even more for lattes and starbucks, the business model has completely changed over the past several years. you think back at starbucks during the 90s 2000s, people used to go inside stay for awhile, sit down. now everybody is ordering on their phone sometimes the service is often slow, but investors are very confident in him the stocks up about 20% at starbucks today shows excitement for nicole. he's known as a turnaround expert, having turned around chipotle after its e coli and food safety issues, also
the coffee giant has tapped brian niccol to lead the company, replacing its current chief executive whoasted only a year. nicole has led the mexican food chain chipotle since 2018 boeing, its revenue nearly 800%. cnn's nathaniel meyersohn has the details big changes at starbucks. >> the company is going to have its fourth ceo in just two years as brian niccol takes over the company from chipotle and starbucks has really struggled the last several years last quarter, its sales were down...
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Aug 21, 2024
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and i think the problems they have still exist, regardless of what brian niccol can do.tock, you'll get a better entry point. >> working remotely, maybe boom to zoom, as well, we'll see. >>> coming up, a crediten crun. american express downgraded at b of a. >>> but first, redefining aging. the cofounder of a prime time partners joins us with their read in the biggest areas of opportunity now. we'll be right back.customer employees get the information they need instantly. this is how business goes further with t-mobile for business. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back to "fast money." with the global population aging, prime time partner is focused on this growing problem, and says there's an $8.3 trillion market opportunity. the firm's investments are tackling everything from menopause symptom relief to end of life caregiver support. joining us now, allen, let's start wi
and i think the problems they have still exist, regardless of what brian niccol can do.tock, you'll get a better entry point. >> working remotely, maybe boom to zoom, as well, we'll see. >>> coming up, a crediten crun. american express downgraded at b of a. >>> but first, redefining aging. the cofounder of a prime time partners joins us with their read in the biggest areas of opportunity now. we'll be right back.customer employees get the information they need instantly....
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Aug 14, 2024
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the new guy, brian niccol , isn't genius at what he does. he turned around aaa but it is not like his predecessor, laxman narasimhan, was a knucklehead. laxman narasimhan was beloved at pepsico and beloved where he was the ceo. when he took over starbucks all i heard was he worked in snacks and beverages and packaged goods, he really understood the process. he was supposed to be the logical considered choice. i don't know what happened between then and now but it became clear that starbucks is a great company with loyal customers and not so hot management. the new ceo, brian niccol, might have to take a page from the former ceo of panera bread that had developed a whole new model for stores because the old locations were slow, unappealing, expensive, could not handle mobile ordering. that is the exact problem starbucks is dealing with. maybe it can work for starbuck , tested and ready to roll. maybe it'll roll out in another city. of course the old ceo, he did not want to do that. he thought he had all the answers. behind the scenes, many ar
the new guy, brian niccol , isn't genius at what he does. he turned around aaa but it is not like his predecessor, laxman narasimhan, was a knucklehead. laxman narasimhan was beloved at pepsico and beloved where he was the ceo. when he took over starbucks all i heard was he worked in snacks and beverages and packaged goods, he really understood the process. he was supposed to be the logical considered choice. i don't know what happened between then and now but it became clear that starbucks is...
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Aug 14, 2024
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. >> reporter: starbucks' new ceo br br brian niccol, who turned c, who oat chipotle around. ceo's challenge luring back starbucks customers who have been deliriven away by lon waits and cheaper coffee by competitors. >> i don't like the prices. i think they have gone up a lot. >> a good bit cheaper at the local coffee shop. >> reporter: higher prices have turned many americans awayy ame. kfc and mcdonald's offering value meals. one of the problems starbucks they have had, what do consumers want? >> they are looking for value. they want to feel like when they spend money at a premium brand it's worth their money and time. >> $6 for a tall, small drink. >> reporter: fed up with inflation, more americans are simply saying no. tom costello, nbc news, washington. >>> still to come, the only murders game goes hollywood in the first look at the new season. >>> and live from new york, it's saturday fight. a snl mainstay reveals a tense memory. mainstay reveals a tense memory. ke you want. -you the man! cologuard is for people 45+ at average risk, not high risk. false positive and ne
. >> reporter: starbucks' new ceo br br brian niccol, who turned c, who oat chipotle around. ceo's challenge luring back starbucks customers who have been deliriven away by lon waits and cheaper coffee by competitors. >> i don't like the prices. i think they have gone up a lot. >> a good bit cheaper at the local coffee shop. >> reporter: higher prices have turned many americans awayy ame. kfc and mcdonald's offering value meals. one of the problems starbucks they have...
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Aug 14, 2024
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the coffee chain ousted ceo laxman narasimhan and named brian niccol to take over.airman and ceo of chipotle and before that the ceo of taco bell. his big challenge will be to get inflation-weary americans back into starbucks stores. >>> google unveiled its new line one of pixel smartphones, watches, and other gadgets, and it's packed with a.i. technology. google has designed its gemini assistant to be more conversational and will be able to handle even more tasks. there's a camera feature that uses augmented reality to take a group photo. >>> if you have a sweet tooth this may be for you. coca-cola and oreo are introducing a zero-sugar soda flavored with hints of oreo cookies and sandwich color. there's a red and black design and feature a base cake made with coca-cola syrup bringing a fizz sensation to the bite. >>> that's your "money watch" report for this wednesday morning. i'm shanelle kaul, cbs news, new york. >> pondering, i have to try it. the cookies, not the drink. >>> still to come, katy perry in hot water. why her latest video is sparking an investigatio
the coffee chain ousted ceo laxman narasimhan and named brian niccol to take over.airman and ceo of chipotle and before that the ceo of taco bell. his big challenge will be to get inflation-weary americans back into starbucks stores. >>> google unveiled its new line one of pixel smartphones, watches, and other gadgets, and it's packed with a.i. technology. google has designed its gemini assistant to be more conversational and will be able to handle even more tasks. there's a camera...
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but if you look at the stock chart under brian niccol, the stocks boomed about 200%. it's really kind of doing the opposite of what starbucks is doing. so no burritos at starbucks. but could be some big changes on the way we'll see if event they skim latte that i like is going to be even more expensive. >> nathaniel meyersohn, thanks very much for that report. appreciate it very much coming up. the race for the white house governor tim walz makes his first solo appearances. vice president kamala harris selected tim as her running mate walz, defending himself against attacks on his military record will have new information for you when we come back cnn is live from chicago as democrats unite to offer their support to a new nominee and her running mate follows cnn for complete coverage the democratic national convention monday at seven on cnn. >> and streaming on back. >> i was scared when i was told to age-related macular degeneration could jeopardize my vision. he was hard, but taking preservation was easy. preservation as the exact clinically proven, a return to form
but if you look at the stock chart under brian niccol, the stocks boomed about 200%. it's really kind of doing the opposite of what starbucks is doing. so no burritos at starbucks. but could be some big changes on the way we'll see if event they skim latte that i like is going to be even more expensive. >> nathaniel meyersohn, thanks very much for that report. appreciate it very much coming up. the race for the white house governor tim walz makes his first solo appearances. vice president...
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starbucks closing by more than 24% yesterday after its announce management that chipotle ceo brian niccolacing the current ceo. we broke that right here yesterday on squawk. it became news of the day. john tower, citi analyst is here. john, it's a huge move in terms of the talents, but it remains that a lot of the same challenges have not gone away overnight. >> yeah. there's a lot of heavy lifting ahead for brian and team, including figuring out, you know, obviously in the u.s., how you're going to get traffic back in the stores, how you're going to improve the customer experience, how you're going to improve the employer experience. what are you going to do with that market going forward? and there's a question about cost savings, unit growth going forward. there's a lot to address. he's got a full plate coming into this role. >> that's the plate. the question is what do you think he's going to do, and can you walk and chew gum at the same time, which is to say, is there something you can do in the immediate term to try to bring customers back? i don't know if that's value-oriented menu
starbucks closing by more than 24% yesterday after its announce management that chipotle ceo brian niccolacing the current ceo. we broke that right here yesterday on squawk. it became news of the day. john tower, citi analyst is here. john, it's a huge move in terms of the talents, but it remains that a lot of the same challenges have not gone away overnight. >> yeah. there's a lot of heavy lifting ahead for brian and team, including figuring out, you know, obviously in the u.s., how...
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. >> reporter: starbucks' new ceo is brian niccol, who turned chipotle around after a devastating e.tbreak in 2015. improving quality and using technology to speed up orders, doubling chipotle's revenue. >> and we thought he would be the right leader for this moment. >> thank you, have a good one. >> reporter: the new ceo's challenge luring back starbucks' customers who have been drinken away by inflation, long waits and cheaper coffee at competitors. >> i don't like the prices. i think they have gone up a lot. >> a good bit cheaper at the local coffee shops. >> reporter: the move comes as higher prices have turned many americans away. kfc, pizza hut and mcdonald's all reporting falling sales are now offering value meals. while under niccol, chipotle grew its revenue in the last quarter. what are the problems starbucks has had with consumers? what do consumers want? >> consumers are looking for value. and they want to see feel like when they spend money at a premium brand like starbucks, it's worth both their money and their time. >> $6 for a tall small drink. >> reporter: fed up wit
. >> reporter: starbucks' new ceo is brian niccol, who turned chipotle around after a devastating e.tbreak in 2015. improving quality and using technology to speed up orders, doubling chipotle's revenue. >> and we thought he would be the right leader for this moment. >> thank you, have a good one. >> reporter: the new ceo's challenge luring back starbucks' customers who have been drinken away by inflation, long waits and cheaper coffee at competitors. >> i don't...
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niccol. >> got a little overheated.arbucks. i want to go back for a second. there's some good people on the southwest board. >> you're changing the subject already? we're talking about starbucks. >> i didn't want to pick on one person. brinker. symbol e. i just -- i'm just saying, they're not as focused. they're not as airline-ish. >> all right. we're talking about starbucks and chipotle. that's why -- >> i had to finish my thought. i didn't want someone to say, jim just i thsingled out one pe. i didn't want to be rude. there is a belief that the real problem with starbucks are about mechanical stuff. and it's interesting because the thing that laxman was supposed to be good at was the mechanical. and i find that this is a repudiation of a process and of a person that just didn't seem to click at all, and carl, the first thing people would tell you on his side, and he did have a side, is that he donned the aprons, got to know as many baristas as possible, but maybe that was the forest-trees problem because what really m
niccol. >> got a little overheated.arbucks. i want to go back for a second. there's some good people on the southwest board. >> you're changing the subject already? we're talking about starbucks. >> i didn't want to pick on one person. brinker. symbol e. i just -- i'm just saying, they're not as focused. they're not as airline-ish. >> all right. we're talking about starbucks and chipotle. that's why -- >> i had to finish my thought. i didn't want someone to say,...
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brian niccol is credited with turning around chipotle after its e coli crisis.ow he faces challenges at starbucks where sales are down some customers are not happy with those increased prices. speaking of prices, the cowboys are once again the kings of the nfl when it comes to valuation. the new figures are out, and the cowboys are the first franchise to be valued at $10 billion. >> second place goes to the rams, who unseated the giants. they now move to third place, followed by the patriots. finally, forget about the early to bed, making you wise stay up late like us. >> that's the best strategy. apparently because experts have found that at least seven characteristics they believe are signs of being a genius, and one of them is being a night owl. researchers found those who burn the midnight oil have superior cognitive function compared to those early risers. >> so take that. we did it. top >> so take that. we did it. top headlines next dupixent can help people with asthma breathe better in as little as 2 weeks. so this is better. even this. dupixent is an add
brian niccol is credited with turning around chipotle after its e coli crisis.ow he faces challenges at starbucks where sales are down some customers are not happy with those increased prices. speaking of prices, the cowboys are once again the kings of the nfl when it comes to valuation. the new figures are out, and the cowboys are the first franchise to be valued at $10 billion. >> second place goes to the rams, who unseated the giants. they now move to third place, followed by the...
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niccol as its new ceo. to sell adverts. the daily telegraph claims there's been a "40% surge in children on disability benefits". the guardian leads with a special report on the 50 women killed by men in the uk so far this year. the paper is marking their lives, with pictures and details about each one. and the daily mail is focused on the so—called worklessness crisis in the uk — and the pressure on the prime minister to get it under control. running was just a lockdown hobby for rose harvey from worcestershire. but her passion took her all the way to the olympics in paris, competing for team gb in the marathon on sunday. but it wasn't to be a dream ending to herjourney, with the 31—year—old now revealing, that she ran with a broken leg. here's sophie raworth. this was not the way rose harvey wanted her olympic debut to end. her training had been going perfectly, she was in the best shape of her life, but three weeks ago, her hip suddenly felt tight, and despite treatment, it didn't get better. it was goin
niccol as its new ceo. to sell adverts. the daily telegraph claims there's been a "40% surge in children on disability benefits". the guardian leads with a special report on the 50 women killed by men in the uk so far this year. the paper is marking their lives, with pictures and details about each one. and the daily mail is focused on the so—called worklessness crisis in the uk — and the pressure on the prime minister to get it under control. running was just a lockdown hobby for...
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the only nuance i wanted to put on the statement is, while i completely agree with you that brian niccolas a key engine behind it, he was surrounded by a great management team all around. >>> all right. thank you very much. we appreciate your time, denillo gargilo. god, a burrito would taste good right now. >>> ahead, making every moment more profitable. fanduel's parent surging. we'll dive into thathen wwe and retirement savings. presentation looks great. thanks! thanks! voya provides tools that help you make the right investment return on "power lunch." we'll be right back. so you can reach today's financial goals. that one! and look forward, to a more confident future. that is one dynamic duo. voya, well planned, well invested, well protected. ♪ that colonoscopy for getting screened ♪ ♪ is why i'm delaying ♪ ♪ i heard i had a choice ♪ ♪ i know the name, that's what i'm saying ♪ -cologuard®? -cologuard. cologuard! -screen for colon cancer. -at home, like you want. -you the man! -actually, he's a box. cologuard is a one-of-a-kind way to screen for colon cancer that's effective and non-i
the only nuance i wanted to put on the statement is, while i completely agree with you that brian niccolas a key engine behind it, he was surrounded by a great management team all around. >>> all right. thank you very much. we appreciate your time, denillo gargilo. god, a burrito would taste good right now. >>> ahead, making every moment more profitable. fanduel's parent surging. we'll dive into thathen wwe and retirement savings. presentation looks great. thanks! thanks! voya...
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niccols' ability because i have had brian niccol on many times and he's a very ted williams figure.e's a percentage player and his percentages are excellent. >> we're going to talk more about certainly the piper call on restaurants and what's happening with pricing. we'll get into politics a bit, talk about the dnc this weekend, chicago, as there continues to be buzz surrounding the vice president's economic agenda, comments about price gouging over the weekend and housing. take a look at the premarket, as we said, a lot's on deck the next five sessions. we'll get this one under way in just about 15 minutes. [city noise] investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? (♪♪) or, let curiosity light the way. at t. rowe price, we're asking smart questions about opportunities like clean water. and how clean water advances can help transform our tomorrows. better questions. better outcomes. t. rowe price i can't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on
niccols' ability because i have had brian niccol on many times and he's a very ted williams figure.e's a percentage player and his percentages are excellent. >> we're going to talk more about certainly the piper call on restaurants and what's happening with pricing. we'll get into politics a bit, talk about the dnc this weekend, chicago, as there continues to be buzz surrounding the vice president's economic agenda, comments about price gouging over the weekend and housing. take a look at...
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chipotle's ceo brian niccol will be replacing him. during his time at chipotle, niccol helped oversee a huge comeback. he'll officially take the helm in september. >>> ll flooring filed for bankruptcy this past weekend, it plans to close nearly a hundred of its stores in 31 states, the company said it's in active talks with multiple potential buyers and hopes to get a court approval for a sale in the coming weeks. >>> and a historic 1954 mercedes race car, isn't that pretty, up to $70 million, up for sale soon, the mercedes and ten other historic cars, are being sold by the indianapolis motor speedway museum at different events this year and next year. the museum said it was selling the cars to help restore and care for its remaining collection. so, you know, some time until christmas, kate, i'm sure your husband wouldn't mind seeing one of those. >> that was a plug. >> i don't think so. do they run? does the car run? >> i'd imagine that they would. you probably wouldn't want to be driving a $70 million car. >> inflation. >> bertha, t
chipotle's ceo brian niccol will be replacing him. during his time at chipotle, niccol helped oversee a huge comeback. he'll officially take the helm in september. >>> ll flooring filed for bankruptcy this past weekend, it plans to close nearly a hundred of its stores in 31 states, the company said it's in active talks with multiple potential buyers and hopes to get a court approval for a sale in the coming weeks. >>> and a historic 1954 mercedes race car, isn't that pretty,...
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niccol, who is currently the ceo of chipotle. chairs happening in the quick food service industry space. and you have some analysts saying he can provide the jolt they need to try to boost sales, especially in china, where they have been having issues there. >> interesting. and now we talked about coffee and mexican food, two of my favorites. not even lunch time yet. thank you, brian cheung. >>> now controversy over the bronze medal awarded to gymnast jordan chiles. she lost her appeal to keep the medal. the court of arbitration for sport said their ruling cannot be reconsidered even when conclusive new evidence is presented. but usa gymnastics says this is not over. they're going to keep fighting. i want to bring in the athletic's tessa myers. where does u.s. gymnastics take this next? >> good morning. i think the next step will be to the swiss federal tribunal that is where these appeals go from the cas because the cas doesn't revisit their own decisions the next step up would be the swiss federal tribunal. >> when they talk ab
niccol, who is currently the ceo of chipotle. chairs happening in the quick food service industry space. and you have some analysts saying he can provide the jolt they need to try to boost sales, especially in china, where they have been having issues there. >> interesting. and now we talked about coffee and mexican food, two of my favorites. not even lunch time yet. thank you, brian cheung. >>> now controversy over the bronze medal awarded to gymnast jordan chiles. she lost her...
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the coffee giant abruptly replacing its ceo with brian niccol, the current ceo of chipotle.col has led that company since 2020 and will leave at the end of the month. he says the strategic priorities his team put in place position chipotle to win today and enable future growth. starbucks has been working to turn around the coffee shop chain and a deal with activist investors. >> well, google hosted a product review today at their mountain view headquarters showing off designs for its next generation of pixel phones as its eye race. with apple continues. >> can it help design a cake for someone who loves space and gardening? oh, i guess so. >> now this launch is two months earlier than google's usual product rollout. we also heard from google leadership about why they see artificial intelligence in the home as a mark of progress. >> we see ai actually revolutionizing the home, helping you live more comfortably, healthily, live smarter. especially things like the smart thermostat. we're launching is allowing you to actually be more comfortable and save money because we're smar
the coffee giant abruptly replacing its ceo with brian niccol, the current ceo of chipotle.col has led that company since 2020 and will leave at the end of the month. he says the strategic priorities his team put in place position chipotle to win today and enable future growth. starbucks has been working to turn around the coffee shop chain and a deal with activist investors. >> well, google hosted a product review today at their mountain view headquarters showing off designs for its next...
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so i think the vision certainly came from brian niccol.will do wonderful things with digitization at starbucks as well as other innovations. but we'll wrestle with whether or not whether chipotle is a member of our best ideas. we're not going to sell it. charles: it is a big thing. to be honest i don't like the way it acted since the big 10 for one split. >> right. charles: get back to digitization and world of a.i. you had a couple of intriguing charts. i put them here to share with the audience. talk about the a.i. spenders versus the a.i. sellers. you see in the first quarter the sellers did better than the spenders and so far the second quarter the sellers are doing extraordinarily well compared to the spenders. what is it saying? is there still one niche we still want to focus on when it comes to a.i.? >> i think so, charles. we recently added to dell and added amd to our portfolio. if you look at earnings growth, take amd, earning growth will be 28% this year, 60% next year and 36% in 2026. now it is trading at a lofty multiple but d
so i think the vision certainly came from brian niccol.will do wonderful things with digitization at starbucks as well as other innovations. but we'll wrestle with whether or not whether chipotle is a member of our best ideas. we're not going to sell it. charles: it is a big thing. to be honest i don't like the way it acted since the big 10 for one split. >> right. charles: get back to digitization and world of a.i. you had a couple of intriguing charts. i put them here to share with the...
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. >> he definitely did it at chipotle, he got four seats which led to the hiring of brian niccol i thinks going to be as aggressive at nike as he was back there, but i think he'll definitely be in the ear and be listening as well to the board members. >> and what do you make of what happened with starbucks? i mean, we've learned that, you know, starboard was obviously there. i reported the other day that try yan had amassed a sizable stake according to sources and had some conversations, and then when the stock jumped as much as it did, they bounced. >> yeah, i think the starbucks is a great activist story. you know, it starts off with howard schultz publicly criticizing the ceo, and then elliott comes in and oaf a couple of months are engaging with a larger position, talking with the board with similar concerns as howard schultz, and tr trian, the board acted quickly and decisively they brought in a rock star ceo that did great for the stock, and i actually think that mellody hobson deserves a lot of credit here for not only doing something so quick and so decisive, but also giving up h
. >> he definitely did it at chipotle, he got four seats which led to the hiring of brian niccol i thinks going to be as aggressive at nike as he was back there, but i think he'll definitely be in the ear and be listening as well to the board members. >> and what do you make of what happened with starbucks? i mean, we've learned that, you know, starboard was obviously there. i reported the other day that try yan had amassed a sizable stake according to sources and had some...
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the coffee chain announced that brian niccol will be its new chairman and ceo. 9th. niccol has led chipotle since 2018. he is replacing laxman narasimhan, who took over starbucks last march. the company has struggled under his leadership. most recently, sales dropped 3% globally at stores open for at least a year. kfc expanding its value menu with three new $5 options. they include chicken nuggets, a famous bowl and a two piece drum and thigh meal. kfc says they will continue to offer other deals, including $10 tuesdays and a $20 family meal. and now we take a live look at the new york stock exchange. as trading gets underway this morning, you can see that we're up about 250 points. might sound crazy, but it ain't no lie, baby. >> bye bye bye. >> yes. >> what are you guessing? >> just let me have my moment, okay? 24 years after its initial release. nsync's. bye bye bye. seeing new success in billboard's top ten. and it's thanks to the new marvel movie deadpool and wolverine. so the song is in the early moments of the movie, which is already made more than $1 bil
the coffee chain announced that brian niccol will be its new chairman and ceo. 9th. niccol has led chipotle since 2018. he is replacing laxman narasimhan, who took over starbucks last march. the company has struggled under his leadership. most recently, sales dropped 3% globally at stores open for at least a year. kfc expanding its value menu with three new $5 options. they include chicken nuggets, a famous bowl and a two piece drum and thigh meal. kfc says they will continue to offer other...
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several stories you need to know starbucks revealing income ceo and chairman brian niccols compensationreceive $10 million in cash, 75 million in equity awards the equity compensation will vest over time, and for leaving chipotle, he'll receive a separate 10 million cash bonus, 75 million in equity, which also vests over a three to four-year period wow, it's good to be brian. >> he can afford a venti, whatever he likes every day, maybe twice a day. >> any size. >>> shares onf cisco revealing t is cutting 7% of its work force globally and also reported better than expected fourth quarter results. the company beginning a restructuring plan that will result in a billion pretax charges and allowing it to invest in key growth areas like ai it is cisco's second round of layoffs this year, but the stock as we mentioned there, having its best day in years up nearly 7% >> i was on the earnings call, ceo chuck robbins talked about how this is not so much a reduction. it's a reallocation towards the markets that are growing like ai and cloud. so clearly any tech company now really is trying to fig
several stories you need to know starbucks revealing income ceo and chairman brian niccols compensationreceive $10 million in cash, 75 million in equity awards the equity compensation will vest over time, and for leaving chipotle, he'll receive a separate 10 million cash bonus, 75 million in equity, which also vests over a three to four-year period wow, it's good to be brian. >> he can afford a venti, whatever he likes every day, maybe twice a day. >> any size. >>> shares...
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niccol to be new chairman and ceo, change that change is effective september 9. starbucks pre-training stock jumped more than 10% at the announcement, much more to come on that so they're also another big story. we're watching overseas raging, raging wildfires and new evacuations underway near the greek capital of athens, because the virus that have destroyed homes and businesses and everything in between, at least one person has died, dozens injured so far, cnn's eleni giokos has more on this live in greece for us, what is the latest? >> yeah. i mean, the latest from the fire department is that there are no new fronts at this point, that they seem to have things under control as you can see wind has subsided, which is vitally important for it's not as spread further. but you mentioned one woman has died, and actually this is the bolding wish she lost her life what we heard from authorities is that she was taken out of this morning there were evacuation orders given for thousands of people within this area korea and bedelia and other surrounding areas as well she
niccol to be new chairman and ceo, change that change is effective september 9. starbucks pre-training stock jumped more than 10% at the announcement, much more to come on that so they're also another big story. we're watching overseas raging, raging wildfires and new evacuations underway near the greek capital of athens, because the virus that have destroyed homes and businesses and everything in between, at least one person has died, dozens injured so far, cnn's eleni giokos has more on this...
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starbucks has not had to deal with luck in yet with the brian niccol choice.e just comes to play every day. he's right out of the tunnel. you know, guys come out of the tunnel, and there are other guys who sit in the tunnel and hope the light doesn't shine on them. >> getting ready for your nfl season, aren't you? >> brazil. >> we're trying to convince jim to go to sao paulo. >> it's the opener. we're kings. we're -- my wife hates that. oh do, you play? what's your number? >> when we come back this morning, we'll get a look at ford's new ev strategy. they're shaking theings up toda. we'll get to paramount with david's help. some news on wbd. downgrade of amex when we come back. power e*trade's easy to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful webs
starbucks has not had to deal with luck in yet with the brian niccol choice.e just comes to play every day. he's right out of the tunnel. you know, guys come out of the tunnel, and there are other guys who sit in the tunnel and hope the light doesn't shine on them. >> getting ready for your nfl season, aren't you? >> brazil. >> we're trying to convince jim to go to sao paulo. >> it's the opener. we're kings. we're -- my wife hates that. oh do, you play? what's your...
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he's not -- brian niccol is not the only one, although i think brian is great. >> yes.e a believer in the strategy, not a concern about the move down yesterday. >> not one bit. >> that increased investment. >> not one bit. >> you think it's going to pay for itself. >> absolutely. has to do that in order to create a dynasty. >> and obviously, the stock has had a very good move. >> it offers real value. what really matters is he doesn't want the customer to start having a big line and therefore being unhappy. you got to redesign. you got to make things bigger, hire more people, and everybody treated him like, are you kidding me? he doesn't want to become one of these restaurants where the service is bad and people don't care to go. he has to build something bigger and better, and he's doing it. he's a great ceo. >> all right. keep an eye on shares of brinker. we're also going to keep an eye on shares of cisco, why? well, chuck robbins is going to join us at post nine. ithcoans o. n't go anywhere. i can't believe you corporate types are still calling each other rock stars.
he's not -- brian niccol is not the only one, although i think brian is great. >> yes.e a believer in the strategy, not a concern about the move down yesterday. >> not one bit. >> that increased investment. >> not one bit. >> you think it's going to pay for itself. >> absolutely. has to do that in order to create a dynasty. >> and obviously, the stock has had a very good move. >> it offers real value. what really matters is he doesn't want the...
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brian will solve that, brian niccol. he cut the time in chipotle to 22 seconds.t through-put as brian, nobody. >> "stop trading" with jim is coming up next. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. is it possible to count on my internet like my customers count on me? it is with comcast business. keeping you up and running with our 99.9% network reliability. and security that helps outsmart threats to your data. moaire dida twoo? -your data, too. there's even round-the- clock customer support. so you can be there for your customers. with comcast business, reliability isn't just possible. it's happening. switch to reliable comcast business internet with security and get started for $49.99 a month. plus ask how to get up to a $500 prepaid card. call today! >>> let's get to jim. >> stock down 50%, do you say th
brian will solve that, brian niccol. he cut the time in chipotle to 22 seconds.t through-put as brian, nobody. >> "stop trading" with jim is coming up next. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. is it possible to count...
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brian niccol goes there, the stock pops. nike, similar thing. don't think the fix is going to be the same, but it is interesting. relative to the market, estee lauder, nike, starbucks, have basically fall ton lifetime low valuations. now, doesn't mean they're cheap. means they're low relative to the market compared to their history. you could even put a disney in there before this latest pop, so it's kind of interesting as the market looks for, i think, more idiosyncratic situations as opposed to just either we buy the a.i. profit stream or, you know, we're betting on a macro move. >> that was a theme that came out of the 13 fs, right? you get berkshire, ulta out of nowhere. and then some argued that on the activist front, where they're getting more aggressive in names that are non-tech, right? southwest. >> i feel like, look, the market has had a very good multi-year run. are we late cycle? in a lot of ways, it looks like maybe, and if you're an investor, if you're an activist and your ceo or stock hasn't really participated or done anything, i
brian niccol goes there, the stock pops. nike, similar thing. don't think the fix is going to be the same, but it is interesting. relative to the market, estee lauder, nike, starbucks, have basically fall ton lifetime low valuations. now, doesn't mean they're cheap. means they're low relative to the market compared to their history. you could even put a disney in there before this latest pop, so it's kind of interesting as the market looks for, i think, more idiosyncratic situations as opposed...
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Aug 16, 2024
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brian niccol moving to starbucks from chipotle.make of walmart at this point? they had great earnings. the second half guide still and the full year got raised, but performance aided on to the guidance. it is the number one stock in the performance on the s&p 500 retail to date. it's forward pe is 31. above the market multiple. is it worth it? >> it's not a cheap stock here. i think the market is really looking at the glass half full scenario. the fed will lower interest rates and we do not fall into the recession. we have been in a soft landing. there is a lot of talk about the softness we heard through earnings season where earnings beat for the quarter, but revenues were light. a lot of the benefits came from cutting costs and margin improvement. from every part of the economy, whether it was software or he healthcare or financials. tech names said revenues were not -- they just didn't come through as much asp expected. walmart is the stock here that we see consumers were spending. they saw it across all demographic sectors and
brian niccol moving to starbucks from chipotle.make of walmart at this point? they had great earnings. the second half guide still and the full year got raised, but performance aided on to the guidance. it is the number one stock in the performance on the s&p 500 retail to date. it's forward pe is 31. above the market multiple. is it worth it? >> it's not a cheap stock here. i think the market is really looking at the glass half full scenario. the fed will lower interest rates and we...
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Aug 19, 2024
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we know what happened with brian niccol leaving and going to starbucks.down 30% from its high and i think there's a lot of places you can pick and choose from. >> eaton as well as truist. clearly, you expect this expansion will go for a while. your premise is the economy, we had a freakout, but it is not that vulnerable. how much is the potential for fed rate cuts filter into that and whether they are kind of necessary or not? >> well, i think we're expecting the fed to do something in september. whether it is 25 or 50 will depend on the job report and the weekly jobless claims and they keep an eye out for it. i think they will signal they are beginning a cycle. that's important. at the same time, growth has hung in there. the definition of soft landing, i think, you know, that's what i'm thinking it's going to be. i don't think there's any reason not to think that way given all the economic data and given the earnings and the trajectory of earnings and guidance going forward. i mean, i don't think there were many people that expected this past quarter to
we know what happened with brian niccol leaving and going to starbucks.down 30% from its high and i think there's a lot of places you can pick and choose from. >> eaton as well as truist. clearly, you expect this expansion will go for a while. your premise is the economy, we had a freakout, but it is not that vulnerable. how much is the potential for fed rate cuts filter into that and whether they are kind of necessary or not? >> well, i think we're expecting the fed to do something...
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Aug 15, 2024
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today >>> meantime, we are learning the details of the pay package that enticed brian niccol to leave chipotle it will pay him $1.6 million annually and incentives to add more than $7.2 million in cash and equity wards worth $23 million. and a signing bonus of $10 million cash and $75 million in equity one point for niccol he will not be required to relocate to seattle, but starbucks will pay for a remote office in newport beach, california he will agree to travel as needed to do his job starbucks well pay for housing costs in seattle for niccol for up to three months while he finds second an accommodation there. look, he created $20 billion overnight. you are not paying less than that. >> the incentives are aligned. a lot in shareholder equity. he has to hit targets to receive. it is interesting the work from home nugget. >> he will have to travel back and forth. >> traveling all the time. >> exactly chipotle is in orange county that's why he's in newport beach. >> i believe they moved to orange county because of where he lived. >> exactly he likes it there. >>> meantime, the preside
today >>> meantime, we are learning the details of the pay package that enticed brian niccol to leave chipotle it will pay him $1.6 million annually and incentives to add more than $7.2 million in cash and equity wards worth $23 million. and a signing bonus of $10 million cash and $75 million in equity one point for niccol he will not be required to relocate to seattle, but starbucks will pay for a remote office in newport beach, california he will agree to travel as needed to do his...