a live and exclusive interview with ceo howard schultz coming up. in another exclusive interview with cnbc, president obama weighing in on companies looking to cut their tax bills with overseas deals. and visa falling premarket. we're going to explain why. how about amazon? reporting a much wider than expected second quarter loss of 27 cents a share. this as the company continues to spend on new services, technology and products. amazon predicting further losses in the current quarter. meantime, revenues rose 23% in line with consensus. jim, there was talk going into this report that investors were growing frustrated, that they were losing patience with mr. bezos to grow profitability at amazon. now they report a wider than expected loss. what is your take? >> this was a horrendous conference call. people are fed up. i mean, even the bulls who were trying to get good things out of the company couldn't get what they wanted, growth margins were actually better. this is the company saying, you know what, with we don't even care what you think, we're go

howard schultz. he got it.r. >> nice one, howard. >> and i think howard got a gustavo. congratulations. it is for pride. and why not? recognition here on bloomberg television. isn't that enough? >> its eternal, especially online. >> thank you for joining me. >> that will do it for "market makers." we wish you a fabulous weekend. the weather will be fine in new york city. you on monday we are heading across the atlantic to the air show in britain, talking to the ceo of one of the world's most fastest-growing airlines. goodbye to to say everybody and note it is 56 minutes past the hour. here is markets correspondent matt miller. >> let's take a look on this friday at how we are shaping up to end the week in equities during did not look like a good week so far. this morning without we might bounce back a little bit, but it does not look like we are bouncing back that much at all. dow jones industrial average and s&p 500 still down a little bit. the nasdaq recovering a little bit from its losses yesterday. let's fo

despite what ceo howard schultz called an outstanding third quarter, the stock price is falling rightmid concerns that for a host of reasons, profits will be going down, going forward. to many new stores, investment in products as well as technology. ron earnings, which i want to go to weekly. of 513uarter net income million dollars, a 23% gain from the euro go quarter, earnings per share, $.67, beating estimates by one cent. growthsame-store sales came in at six percent, for an impressive 18th consecutive quarter of growth more than five percent. food happened to be the big driver here, two percent of that, sales growth in the u.s., so they are optimistic and increased its current quarter guidance for earnings per share, increasing that by two cents. as copy prices rise, that is a concern that analyst have, perhaps why estimates have been lower. starbucks dated the sure read -- asset -- investors that they locked into two percent of their crop prices for next year, so they think they have a leg up on investors. strong earnings report, a lot of exciting things on the horizon, but as y

howard schultz will be on "squawk on the street," 9:30 a.m. eastern. dr.ises to you so far as we dig through these earnings? >> no. not in particular from starbucks. again, howard schultz will talk about it tomorrow but in particular, kelly, the fact that they're hedged, even as the coffee prices go up, of course those hedges against that make you money even though of course you are paying more money out for the coffee. thus, the hedge. as far as where starbucks is going forward, i thought it was bullish that they were able to raise guidance even though it is only slightly. so maybe it holds on to most of these gains. >> jon fortt, what about you? >> i'm still puzzling over what's happening in the consumer space in general, and particularly in electronics. we're going to get a little bit of a different picture even from amazon. this strikes me as the sort of a season where you really need to listen to the call. you saw what happened with facebook after the bell yesterday. it was up maybe slightly until investors got a lot of detail about how the company sa

by the way, howard schultz will be on your show today at 9:30. the amazon number troubles me. microsoft laying off 16,000 people troubles. pe 52 straight months of job growth. i'm pretty sure that corporate america is doing pretty good right now, guys. >> is the gdp seem like it's doing pretty good, too, jimmy? >> no, i'd like for -- >> participation. how about a labor force participation, jimmy? >> and you're exact lit rye. >> -- lowering unemployment number -- >> you might be in the stock market feeling flush and a time of people attribute that to the fed and it's hurting income inequality and everything else. are you feeling flush, jimmy inspect do you think you can go out and poll people and say things are going great in this country right now? >> no, no. i don't feel that. i think many in the country obviously wrong direction, right direction on the economic front. most people would say it's not going that way. but what i can tell you is we're not shedding 800,000 jobs a month as we were -- >> guys, how do we get corporate tax reform? if both sides say they're for it, wha

howard schultz and the company he built play it nothing like their seattle brethren. has believed in world domination and profitability. starbucks have felt they go hand in hand. starbucks believes in profitable growth for all pga, whether it be new innovations like teavana, better drive-throughs, new kind of natural sodas and better packaged goods and everything is examined through the prisms of growth and profitability and that's how starbucks can have an astounding 7% same-store sales gain in the u.s. and even as the competition seems to be stumble organization falling by the wayside, think dunkin' donuts. that's how they can expand in china. and in a breathless pace. they can still deliver high-quality food and provides if and it's why i believe the stock selling at 28 times next year's earnings with 22% growth is not expensive here. i think it doesn't deserve to be flat, did you know that? did you know starbucks' stock is flat for the year? but it is, and i think today's decline, is a classic buying opportunity created by portfolio managers who are too negative a

howard schultz says it's made the turnover faster and driven up the average ticket price. it doing for you? how ubiquitous? who's using it jvgs we have it in 85% of restaurants, about 4,600 restaurants. the key, high-level usage, mobile ordering, a beta test in five restaurants and that's the thing that's really going to explode in the future, provide tremendous advantages to us as well as to consumers, and what we see is we're moving from kind of a service economy to a self-service economy. this is what people want. we're responding to consumer needs. >> i want to talk about mobile ordering in a minute. the mobile payment, you don't scan it like at starbucks. you created your own system, you have to give a code to the cashier. why is that? >> you don't actually give the code. swipe it, show the order taker and they take it. we heard from consumers, they don't like passing their phone through a drive pb through and handing it to somebody. 65% of our orders go through the drive-through. hold your phone, maintain control of the phone and show. this will be easier in the futu

president obama is weighing in on the debate in his interview with cnbc >>> more from starbucks howard schultzone of the names in the red. markets are moving lower today as mentioned. >>> we'll be right back. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> welcome back. marke

. >> the one big thing that howard schultz said in yesterday's call was expect the lunch hour to looknt. they have a few things coming down the pipeline. they will be increasing their food offerings. the teas and starbucks reserve coffee line. they will be introducing more 24-hour stores across the globe. those have been very successful. also successful, starbucks' store in the magic kingdom. partnershipa great with disney. they say expect that to expand in many locations around the world. they are testing the possibility of a mobile ordering app. it would let users order their coffee online, on their phones, and to pick them up in the store. that would be a game changer. >> absolutely. if you don't go into mobile, you will pretty much be dead in a couple of years. interesting point. get some coffee. is one of bnp paribas the banks that had to pay up for u.s. sanction violations. new york city is set to get some of that cash. you may be a bit surprised as to what they plan to do with it. ♪ that, weday's this vs. s have an update on where all the cash from a bank settlement is going. t

howard's wikipedia profile got an update. his new title is secretary of defense of the united states of america. joining us now, our "cycle" secretary of sports, jordan schultz. back for a postgame recap and to keep us interested in the cup, even without team usa playing. always great to have you here. you were just saying tim howard, he's just special. if team usa played at the level of howard, it would have turned out a little differently. >> absolutely. you consider the fact that he had 16 saves. only six teams in the world cup have that many. he did that in one game. when you look at tim how'd, you got to love what he did, the way he rallied his troops. obviously frustrating. i'm heartbroken as a u.s. fan. but tim howard single handlely kept us in the game. could have been 6-0, abby. >> tim howard could have saved kim kardashian's first marriage. he was outstanding. >> tim howard or mariano rivera. >> you're going there. the one thing i would say about this is it's certainly a steppingstone, right? a lot of people came down hard on our coach, saying we're not going to win the world cup this year, it's a work in progress. he made some controversial decisi