privilege to be associate with these iconic organizations in the community, and you know, with starbucks kevin was a microsoft or i worked for kevin when he was at microsoft and i've known him and i got to know how, i think you with your yesterday, and i'm very, very excited about what starbucks is doing, whether it's, ultimately it's about that experience that they're you'reo great and using digital technology and to be on the board to learn and to contribute. contribute. i think that's fantastic. what they are doing is just truly inspiring. to me, to have even that goal of solving cancer by the turn of the next decade, i think it's an audacious goal. it's one of the places where again i've not understood it whh is one of the great limiters to even progress of cancer is how can you take the research that is happening and make it comprehensible in a way so that new hypotheses can be created by sort of the researchers. so technology is going to play a huge role. we are learning so much and gary is an amazing leader in terms of the organization to he's got a great team. it's fantastic to be asso

> starbucks posting quarterly results in line, revenues did miss due to slow are than expected sales growth in asia and hurricanes in the united states it trims its profit forecast we'll talk to kevinon later on this hour between the target cut, u.s. comps, mobile order, the t, there's a lot of news in starbucks. >> a lot of the news was discounted when they reported last the stock was trading between 60 and 64 and people said they are going to have to reset their long term plan to a lower level. there were a lot of analysts who let the stock drift down then it was very interesting the afterhours trading was kind of like people did you not realize the stock went from 6 4 to 54 was the guide down it wasn't as bad as some people felt the stock was trading at 51 ht 50, uninformed people trading on it before they got the guidance on call. i know it sounds like it's a slowdown and you can argue it was a slowdown but the question it was a slowdown and no the question becomes, can they really do the new numbers? you have to have a little bit of faith that he they can it's not a super growth company, it's a senior growth company but you're hearing the type of things like when intel went fr

. >> that was starbucks' ceo kevin johnson on "squawk on the street" earlier today.t ended the day higher by 2%. dan made a bullish bet on the stock next week. what do you do with that trade now? >> i said you really want to look out to december, i didn't want to play the event because it was very binary at the end of the day you had this reversal, i think it reversed 10% after-market lows >> it had been down four bucks >> crazy move. i would love to hear what carter has to say about it. this trade looks out to december it's at break even it's up a little bit i want to stick with this thing and see if we get a gap. >> clearly reversal, you have a moment where something is very weak and people are selling based on news. and then within moments, maybe, because of the cost, they start to revise that, and think maybe it's not as bad. the reversal would be perfect if it had closed on the high. the fact that it gave back so much and closed in the middle of the range leaves some of the torque off it. >> based on that, my trade management, if you do have the stock go back to

. >> that was starbucks ceo kevin johnson on "squawk on the street." company reporting earnings and the stock initially fell to the chagrin of our twitter followers, however, it ended the day higher by about 2% dan made a bullish bet on the stock last week. what do you do with that trade now? >> at the time i said you want to look to december. i didn't want to play the event in and of itself because it was binary so at the end of the day you had this reversal. i think it reversed 10% from after-market lows. >> it had been down 4 bucks. >> a crazy move. i'd love to hear what carter has to say when you see that sort of reversal, i think a near-term bottom is in it's at break-even, it's up a little bit, i want to stick with this thing. >> clearly reversal, those are important, which is to say you have a moment where something's weak and people are selling based on news. then within moments, maybe, they start to revise that maybe it's not as bad. the reversal would be perfect if it closed on the high. the fact that it gave back so much and closed in the mi

with starbucks in fact kevin was at microsoft. i've got to know him. i'm very excited about what starbucks is doing ultimately it's about that experience that they are trying to create the using of digital technology. and what the gary team is doing is truly inspiring. to have the goal of solving cancer by the turn of the next decade. i think it is an audacious goal. it is one of the great limiters to eat then progress how can you take the research that is happening and make it comprehensible in a way so that the new hypotheses can be created by the researchers and other places. so technology is going to play a huge role for me i am learned so much. and gary is an amazing leader. in terms of the organization. has a great team. it's fantastic to be associated with both of these organizations. is there a line, they summarize your view of the future end of the technology industry. as you are getting ready to disclose at that ignite conference. i have a chance to spend a lot of time with michael friedman who is a mathematician. the square root. i think i di

. >> check out starbucks' ceo kevin johnson on "squawk on the street" tomorrow morning at 9:40 a.m. eastern time. >>> ple apceo tim cook just said something very interesting on the call we'll bring you his comments after this >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. >>> welcome back to "fast money. apple surging to all-time high in after hours, topping $900 billion in market cap. the conference call is under way. let's get to josh lipton for more hey, josh. >> reporter: melissa, the conference call is under way here the focus on that call is all new i

starbucks announcing a deal to sell its tazo brand to yune leave every for 3$384 million shares down about 3% don't miss kevinohnson later this morning on "squawk on the street" at 9:40 eastern time he'll dig deeper into what we saw. >>> aig reporting a bigger than expected quarterly loss. they had huge catastrophic losses mostly from hurricane harvey, irma and maria also announcing a pretax vreceiv boost. shares of aig down more than 3%. >>> t-mobile and sprint are said to b merger talking last week word was that negotiations were falling apart over which side would control the combined company both are up in the early hours if that comes out to be true, kudos to david faber for reporting along those lines earlier this week. the stock is reacting as if that could be true. >>> activision blizzard's third quarter results missed forecasts. active users fell 20%. activision is raising the full-year outlook as it releases a new call of duty game today, but that forecast trails analyst estimates. it's up 1.6%. >>> cbs's third quarter earnings beat forecast, but the revenue fell short due to lower ad sales. cbs ear

house of cards and kevin spacey fallout. plus, starbucksh. >> also at 10a we go to tmz life. they have juicy new details about selena go me, her split from the weeknd and her netflix says if you love the handmade tale you'll love this knew series coming to tv near you friday. we have preview. >> let's do this. fairfax, bowie, georgetown, good day at 10a starts right now. ♪ >> hey, we're in the presence of greatness this morning if you're in d.c. you know -- >> award winning chef is in the house he'll tell us about grand are brand new cook cook indians cuisine to look at home. >> i didn't think it would be possible. >> it is once you read the book. >> see there's the rub. we'll give you shortcuts from the book. good to see you chef. >> thanks for coming in. i'll let you and erin hang together. while they're getting ready for this today, we need to just thank everybody for what happened yesterday here. >> yes. right. >> because we had so many great, not just guest who's were here in the studio but we did invite some people here through a cont

we can ask the man himself, kevin johnson, the ceo of starbucks will join the gang on "squawk on thetreet" at 9:40 this morning >>> when we come back, billionaire jeff vinnik will join us. he's the owner of the tampa bay lightning. we'll talk to him about the gop tax plan and his latest collaboration with bill gates. >>> at 8:30 we'll get the october jobs report. it's jobs friday already we will give you the numbers and instant analysis >>> then congressman jim jordan will join us from washington to talk about the tax bill and president trump's pick for fed chair. you're watching squx sq"squawk cnbc down to the very server. it keeps your insights from prying eyes, so they're used by no one else but you. it. is. the cloud. the ibm cloud. the cloud that's designed for your data. ai ready. secure to the core. the ibm cloud is the cloud for business. yours. amazon shutting down its fresh grocery delivery service in parts of some states customers in parts of new jersey, pennsylvania, delaware, maryland and california have reportedly received notices. the company says the service will rema

and in fact, starbucks closed up more than 2% the ceo kevin johnson was on "squawk on the street" todayressing growth concerns >> the fact that we were able to build over 2,000 starbucks stores globally that are performing at higher annual unit volumes than prior generations in an era where retailers are closing stores at a record pace gives us confidence that there's affinity for the brand >> bill, you guys invested in starbucks here >> yeah, we've owned starbucks for the life of our strategy, and here's what we think is interesting. first of all, it sounds terrible, we'd like to own a lot more of it at lower prices so we were kind of excited in the aftermarket yesterday hoping that it would break down and we'd get a bargain and instead, it turns around and we think it turns around because growth stocks have so obliterated value staocks value analysis has been of so little use in the last couple years that any growth stock with me hope or prayer even on a somewhat disapointing earnings report kind of turns around. i mean, starbucks and nike are both operating on the same wafting of gro

some of your big single stock stories today, starbucks rallying despite an outlook cut because ceo kevin johnson telling us, cnbc, he's optimistic they can beat new growth targets pandora, the other way that stock is down the music service missing estimates. its outlook coming in below expectations and all of you crypto currency fanatics, check this out bitcoin soaring to new highs here's a stat for you, michelle. the crypto currency market valued at $200 billion bitcoin up 933% in a year. wow. all right. let's stick with apple apple getting oh-so-close to becoming the first $900 billion company in the u.s., hitting a record high after reporting better than expected earnings. today the iphone x will officially be released it is hot, to say the least. in fact, really hot. 300 of them stolen off a u.p.s. truck in san francisco may not sound like a lot that's $300,000 plus worth of iphones. let's go to josh lipton live at the apple store in palo alto, where he's trying to sell 300 iphones. josh >> reporter: brian, we got to this store at the crack of dawn this morning i can tell you at that

starbucks. we had a nice upside reversal today, aren'ting after reporting revenue that missed expectations we talked to kevin johnson earlier this morning >>> plus, the president's twitter account briefly going dark more on the rogue employee who shut it down when "squawk alley" continues. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years

kevin: i'd run right into starbucks. pete: it's never going to happen in my life.if i could ever do it. pete: we'll bring the marathon tomorrow. kevin: i'm a sprinter. i'm not running that far. pete: president trump and the first lady paying respect to the fallen overnight. deconservative and the president prepares to kick off his first official trip to asia later today. >> reporter: good morning to all of you. this is the beginning of what's a very long trip across the asia-pacific region for president trump over the course of 12 days. he's set to visit five different countries. first up is japan, then south korea, china, vietnam and the philippines. it's trump's first visit to the area as president and the longest trip to asia by a u.s. president since about 1991. but before stepping on foreign soil, the president and first lady made a stop in hawaii. trump sat down with the u.s. pacific commander navy admiral harry harris and behind closed doors received a military briefing as well as other key military officials. pacific command overseas military operations in

kevin and kim for joining us on news4 midday. >> thanks for having us. >> break allege. >> back to you. >> love to see the locals doing >>> take a look. starbucks is letting customers wake up holiday cups with some color. the design feature splashs es o red and green but mostly letting customers color them self. no need to rush out for pencils, must will have some there for customers to borrow. don't make sure you drop your drink. >> or the sharpie going through the cup. >> but i do love a festive cup. >> however you color it. >> my daughter will have a field day with that. >> i do like it. and it is chilly today. make time for a hot drink. >> maybe hot today and cold tomorrow. there we go. today the weather, cloudy and clouds locked in. kind of gives you fall like feel. and here is the live look. over cast skies. not improving today. actually going to help to keep only at 53 degrees in washington d.c. some areas are still stuck in the 40s right now. so you can betd that many of our suburbs will only be in if you pleaser 50s. 48 leesburg. 54 quantico. 46 in frederick. here's clouds across. maybe a couple of sprinkles, best chance of rain today,

starbucks unveiled their n promised, they don't say happy holidays anymore. finally, actor anthony rapp told reporters this weekend that when he was 14-years-old kevin spacey madeual advances towards him. spacey apologized on twitter, blaming the event on inappropriate drunken behavior, and writing "i've loved, and had romantic encounters with men throughout my life, and i choose now to live as a gay man." one of our writers, jenny hagel is here to comment in a segment we call "a lot of problems." ♪ >> thanks, seth. i'm gay, and as a gay woman i have a lot of problems with kevin spacey's statement. first problem, it is inappropriate to respond to an accusation of pedophilia by saying, i'm gay. those two things are totally unrelated. the only appropriate response to you tried to have sex with a 14-year-old is, i am also a 14-year-old. [ light laughter ] let me be clear. coming out is a courageous act of honesty, not a justification for a crime you committed. that's why no one goes to court, and says i plead gay. or enters the legal term gabeaus corpus. [ light laughter ] second problem. gay people are constantly working against the incorrect stereotype that we a