that's kevin johnson.his is bloomberg. ♪ ritika: we have a look at the biggest stories in the news. ge says there are early signs of improvement in its jet engine , and they posted double-digit declines for industrial businesses. boeing has a debut of a new plane and it is revamping the production of its commercial liner. they will not be shipped until 2022. there is pared production of a streamliner for the fourth straight quarter. selling energy assets, and they have been discussing a perfect price -- purchase price. the deal would have the company with -- the debt, that's your business flash. alix: thank you. this is really key for occidental, they gave a target of two years to have 10 to $15 million in asset sales. key after purchasing more expensively anadarko. they are selling a bunch of assets and this will be quite meaningful, this puts them well above 70%. guy: i would be interested to know if there were other potential buyers of this asset and it's interesting, they are also buying in africa. and

tune in tomorrow morning kevin johnson will join "squawk on the street" for a first on cnbc interview at 9:35 >> look forward to that. thank you, kate rogers >>> this was also said, china sales substantially will recover by the year end 2020 by the end of this year. that seems key as well >> really quite bullish. they seem to adjust as well as any company i've seen, that's so in touch with the consumer and some trends. they've been closing stores, doing what they needed you can see the ticket sizes are larger even if sales are where they are the global comps, those are not great numbers but they got better throughout the quarter. the china comps are very good and that outlook is outstanding. what do you want to pay for starbucks? it gets back to a company that traded between 25 and 32 times right smack in the middle. the range has been consolidating between a $72 and $75 level. as folks know i've own the stock, owned it for a long time. i think they're going to reload the gun. >> dan >> tim's exactly right at 28 times next year's earnings, if sales are expected to increase 20%, and yo

on cnbc, star buck's ceo kevin johnson. kevin, you did it. it worked. >> david, jim, carl, good morning. how are you guys >> it couldn't be better why? you have come up with a strategy, a covid strategy that will transcend even after covid, and whether it be curbside or what i think you should talk about, which is very exciting, the new i'm going to call them starbucks express. there are so many open storefronts in this country. you've got balance sheet you can put stores where you don't have to worry about social distancing because the line moves. and i think you should talk about the new way retail can work in an era where crowds are an enigma. >> in march when we were closing our stores and providing economic certainty for our partners and taking care of frontline works, we put people over profit. certainly we think that was a very, very important thing do. it built our mission and values and built trust. it strengthed what starbucks stands for certainly as we've reopened stores, we operate protocols the way we run the s

i view it complementary. >> kevin johnson speaking earlier to bloomberg.e headed to the south korean open. we are going to be watching samsung of course. we broke those numbers earlier coming in with the net income at $4.6 billion in the second quarter. the quarter ended in june, beating profit estimates. samsung saying they expect gradual recovery in demand for mobile in the second half. also they are continuing to invest in ai, 5g, and automotive businesses when it comes to their divisional semiconductor operating profit, also beating have june we also retail sales out of japan rising 14.1% month on month, beating estimates. we are headed to the japan, korea, industrially opens. more "daybreak asia" ahead. ♪ ♪ shery: good evening, i am shery anh. haidi: and i am haidi stroud-watts in sydney. ages major markets have just opened for trade. -- asia's major markets have just opened for trade. the fed signals more stimulus, the worst economic downturn in our lifetime, and jay powell urges congress to boost fiscal spending. hong kong is facing its worst outbre

everyone, the toughest one for me is starbucks, because i don't know about china i still think kevin johnson has to keep spending to build enough star becomes because it's a line company. if you go to an airport starbucks, the line might into a boeing dreamliner, it's so bad that's the only one i question the rest of them -- and free port, i don't floe freeport before the quarter, gee, that's a tough one. they had a very big move >> i talked to mark britt to he's got tremendous copper >> wrrnt you guys shocked. >> can you believe that? are you watching some of these crazy moves? >> those rahel's list. >> give me some other new highs. >> absolutely. buy right to the print >> at one point there was -- not so much, i think it's trading negatively, but those are some decent names >> spotify. >> spotify just had a new deal >> lab corp, they have too much business, that's a great problem. >> how about intuitive surgical? >> did president pull fauci, or is he still pitching i'm hearing the president might throw him under the bus and put dr. birx in there. >> how about monster beverage? >> make this

starbucks ceo kevin johnson.autiously optimistic on the recovery of the industry overall. and clearly, a very fluid environment. david: michael parolee of jp morgan. gdp will be of 5% or below. we believe there will be permanent damage to the economy. david: former ibm ceo and wall street week contributor sam palma sono. sam:

kevin johnson suggests it is not the economy, it is not an impending recession, it is just the restrictionslaced on the consumer and starbucks' ability to operate. had somedonald's also news out of asia, although globally investors were not all that happy. ed: sales are still down significantly for mcdonald's globally. in china, it is comparatively negative, but in japan, the business is doing better. comparative sales were positive. mcdonald's actually is trying to build up its cash. it wants to have money to play with when the going gets good and things improved. we learned this morning they are divesting some stake in mcdonald's japan, around 49% that they want to bring to 35%. they say that reflects their confidence in the management of mcdonald's japan, but i think investors view that as mcdonald's shoring up the balance sheet, getting funds in the pocket so that when things improve, they can deploy capital to grow the business on things like marketing to entice consumers back when they feel comfortable. shery: ed ludlow there with the latest on mcdonald's and starbucks. let's get a ch

david: that was our conversation with kevin johnson, ceo of starbucks earlier today.rning to capitol hill where the ceos of four tech companies are due to answer questions about whether they have become anti-competitive. we want to turn to emily chang, anchor of bloomberg tech. we were interrupted before. i am delighted you can be with us. let's talk about this. all are all big, they are tech. how can there be a true line from this the station on these four companies? emily: that is a very good point. each of these ceos could have their own hearing. the issues are very different. with facebook it is misinformation and advertising. with google, it is advertising and search. with apple it is the app store. amazon it is how these companies treat third-party sellers. jeff bezos is someone we will be watching, the ceo of amazon and also the richest person in the world because he has never testified before congress before and there are a lot of people who want to hear what he has to say in his prepared remarks which are also a little bit different from the rest. he talks ab

president obama caught congressional ire when he removed an ig during the investigation of kevin johnsonocal supporter of obama. >> an agency or even a president who wants to fire an ig first has to explain why to congress first. >> but trump in some cases did not need to cite a reason for his actions, because many of his inspectors general were not presented to congress for constitutionally mandated vetting. they were, like so many trump appointees, even those in important national and homeland security positions, acting officials. >> i like acting because i can move so quickly, it gives me more flexibility. >> he recognized early on that he could control these acting officials more precisely, more deliberately and with more political pressure and that they would be more accountable to him and not accountable to congress. >> critics say regular ig removals call into question one of president trump's predominant campaign promises. >> drain the swamp. >> the only people right now since this president took office in 2017 who are draining the swamp are the inspectors general. this president

i want to wait i think when kevin johnson builds out his network of smaller stores and china comes back, that stock goes to 100 so i want you to hold on. mike in south carolina, mike >> caller: jimmy chill love the show. watch it all the time. >> that's fantastic, thank you >> caller: hey, i'm interested in a long-term 30-year commercialization of space play, specifically aero jet rocket time. >> yeah, why -- you know, it has just bothered me tremendously this stock is as low as it is because i think it's a terrific company. by the way, i was recommending very hard lockheed martin. i don't know if people remember that that's been fantastic. i got to do more of because it's a great company and i've known those companies, i remember rocket time from the '60s when i studied it robert in ohio, please, robert >> caller: yes, robert i'm interested in an international company. it's called linde. >> we recommended linde. we think linde is amazing. we like air products recommended linde and air products when air products was allowed to merge with another company that was one of the favorites and

rishaad: don't miss our interview with the starbucks ceo, kevin johnson. we had that story showing that signs of a recovery are gaining. that is hoping -- happening later today. let's have a look at markets. they are struggling for a bit of direction. china closed for the lunch break. . strong gains in china. not such strong gains elsewhere. investors are awaiting the conclusion of the fed's policy meeting. adying.ices also ste the yen has been appreciating. at one stage, it went through the 105 level. well, weurrency does find that the correlation is negative on the stock market. that is where we are with that. let's look elsewhere, what we have in the commodities space. gains across the board. iron ore up 1.6%. haslinda: that is it for "bloomberg markets: asia." "bloomberg daybreak: middle east" is next. keep it here with us. this is bloomberg. ♪ you say the customer's make their own rules. let's talk data. only xfinity mobile lets you switch up your wireless data whenever. i accept. 5g, everybody is talking about it. how do i get it? everyone gets 5g wi

>> well, you know, i just finished an hour-long conversation with kevin johnson, the ceo of starbuckst of our virtual fireside chat series that we do with ceos, and kevin and i talked about this and the guidance he's given his team, and i think the news this week is about masks, but this is all part of i think a bigger, broader conversation about keeping communities safe, keeping customers and their associates safe, and so i think retailers continue to communicate to their teams every day about how they can keep themselves safe and how they can interact with customers in a safe and healthy way. that goes all the way back to some of the basic protocols that we promoted through our operation open doors program, and other partnerships that we created. so i think this is one piece of a bigger set of conversations and all that is normalizing the behavior, normalizing social distancing, normalizing the simple things like staying home and don't go to work or go out if you're sick, wearing the mask is one piece of that. there are a whole bunch of these things but as kevin just said a few minu

up 2.25% on earnings don't miss an interview with starbucks ceo kevin johnson foam morning. "squawk on the street. they'll talk about the numbers mike, the setup here, the expectations were low. it was underperforming the overall market this year we knew there is weakness. people are not commuting so they're not eating breakfast out. they're not get thirg daily couple of coffee reflected already in the price what we heard from the company snp. >> yeah. the i think to some degree and also the fact that the company had, you know, enough visibility to nair rrrow the guidance in a better direction that's what the market is seizing on as well in terms of comps and also the bottom line results. very similar, i think, to the way the street is viewing a mcdonald's it will come back with the same kind of market share dominance and franchise value. it's just a complete slave to how quickly people are going to get out and about again and we simply don't know that it's an expensive stock. it's always been an expensive stock. holding the value because this market is willing to give the g

shutdowns and mask mandates, the company is leading with a new approach according to ceo and president kevin johnson are safe, familiar, and convenient >> reporter: the java giant is serving up a more streamlined experience for customers >> we have over 32,000 stores in over 80 markets around the world. we've developed a digital dashboard that takes fees from government to help track the spread of covid. until there's a vaccine, we are going to be constantly adapting. >> reporter: in the new pick up-only stores, customers can get their coffees from a safe distance at the touch of a button just order on the app, wait for your name, grab it and go. more of these stores, expanded curbside pickup, and drive-throughs will be opened in the next months. the chain is emphasizing new safety protocols, too, though not without challenges >> a big piece for us is safety. make sure the customers and partners feel safe we do standard check ins every day to make sure that we have wellness checks. and we clean our high-touch areas. we make sure we are frequently cleaning them. >> reporter: how hard has it been to e

of the opening bell then in the next hour don't miss first on cnbc interview with starbucks ceo kevin johnson. stay tuned, "squawk box" will be right back >>> we are now just under an hour until the opening bell on wall street. more than just under an hour dom chu is with us >> i found a story because of our conversation yesterday about how much work you guys are doing around the yard. remember, andrew this is a good one one of the bigger earnings related mover so far pre-market is scotts miracle grow this is, of course, the maker of lawn and garden products it raised its are quarterly dividend because scotts miracle-gro is seeing a jump in demand because people are staying at home during the covid-19 pandemic. so that's a stock to watch then shares right now of six flags which are down about a percent, roughly 11,000 shares of pre-market volume after they posted worse than expected loss on worse than expected revenues. no surprise theme park attendance fell sharply in the prior quarter because of the virus pandemic then shares of spotify are down about 3.5%, 4% roughly 88,000 shares of prema

>>> if you're planning for retirement amid the pandemic, "shark tank's" kevin o'leary has advice you need to hear. >>> tory johnson with "deals & steals" on the best ways to pamper yourself. ♪ everywhere. on every sidewalk, track, and trail across this country. all of us are raising funds for one goal: a world without alzheimer's and all other dementia. because this disease isn't waiting, neither are you. take the first step on your walk right now. go to alz dot org slash walk. dove exfoliating body polish. let's do this! wow, it's very creamy. it feels like you're really polishing your skin. i'm silky and smooth! dove exfoliating body polish. exfoliates and nourishes. dove exfoliating body polish. rudy got older and suddenly stopped eating...t, then we found freshpet. now rudy's 13, and going on 3. ♪ ♪ ♪ talk to me baby >>> oh, yeah, we're back. that is not a steak. we're back with amazing cake. we are taking a bite out of everything is cake trend this morning. i'm sure it tastes delicious. >> does that mean our vegan friend dan can actually eat the cake. the meat cake. >> the closest i'll get. >> exactly. take a

kevin harvick. >> four wins at the top. kyle busch without a win down in tenth. how about the cut line? jimmie johnson missing the race today, william byron having an issue. reddick, bubba wallace, i don't know who the favorite is. they keep moving positions around. >> reddick is climbing back into the fight. a good run today, finished eighth. >> jimmie johnson is out with covid, how many weeks will he miss? >> let's go to matt kenseth. >> i found a promising young new driver. his name is matt kenseth. i would like to introduce him to you. a little life. were you thinking the new tires were enough? >> that 4, even the 10 and 41 and 14, they were really fast. i could get a run through two and four. i thought i could run faster. i could never get a big enough run to make the pass. chad did a spectacular job. i was restarting fourth. i was behind denny on the second to last restart. i couldn't get up there and get it done. we have come a long way in the last couple of weeks. we are gaining on it. it was a fun day. >> earlier in the week you were saying, this is one of my best tracks. i have confidence. d

kevin jones so the question is who is protecting british public from interference in our democratic process well in a nutshell we found no one is parliamentarian suspect that this is why prime minister johnson delayed the publication of the report for so long 4 years british media have reported on the close ties between wealthy russians and the tory party especially members of the house of lords. these relationships should be carefully scrutinized given the potential for the russian state to explore. the must be complete from sponsorship of any links with russian businesses at every level of politics and we do not in respect of. praising the committee calls for a full report on russian election interference. in professional surfing prices are usually given to those who could stay on top of the waves but once a year the world surf league hands out an award for going under in spectacular style nominations for the why part of the year have been announced and entries includes smashing scenes from the famous big wave surfer break known as joss off the coast of hawaii as well as wells of portugal and ireland you can now vote online for your favorite wipeouts. you're watching news and here's a rem

kevin jones so the question is who is protecting british public from interference in our democratic process when a no show we found no one is parliamentarian suspect that this is why prime minister johnson delayed the publication of the report for so long 4 years british media have reported on the close ties between wealthy russians and the tory party especially members of the house of lords these relationships should be carefully scrutinized given the potential for the russian state to explore. the must be complete transparency of any links with russian businesses. at every level of politics and we do know how but in respect of the. present the committee calls for a full report on russian election interference number. you're watching the news live from berlin and don't forget you can keep up with the news on our website that's 2 w. dot com and you can follow us on twitter and on instagram d w news but how much time thanks for watching. language courses. video. anytime anywhere.

kevin jones so the question is who is protecting british public from interference in our democratic process when a no show we found no one is parliamentarian suspect that this is why prime minister johnson delayed the publication of the report for so long 4 years british media have reported on the close ties between wealthy russians and the tory party especially members of the house of lords these relationships should be carefully scrutinized given the potential for the russian state to explore. the must be complete transparency about any links with russian businesses. at every level of politics we do not have in respect of the. present the committee calls for a full report on russian election interference number to afghanistan where years of conflict have left a health care system that was under resourced and struggling even before the coronavirus pandemic hits now with cases surging they barely any ventilator is not enough skilled workers to build but help could be on the way thanks to a team of young afghan women with a keen interest in robotics. this is what the new ventilator prototype looks like and these young women designed it especially for afghanistan hospitals when they're no

kevin jones so the question is is who is protecting british public from interference in our democratic process when a no show we found no one is parliamentarians suspect that this is why prime minister johnson delayed the publication of the report for so long 4 years british media have reported on the close ties between wealthy russians and the tory party especially members of the house of lords these relationships should be carefully scrutinized given the potential for the russian state to exploit them the must be complete from sponsored by any links with russian businesses at every level of politics and we do not have that in respect of thanks of lords praising the committee calls for a full report on russian election interference. for latin american girls 50 is a very special birthday it's not as confined yeah the rites of passage into womanhood a krone virus pandemic sounding some hurdles to business celebrations but as our next report from cuba shows odds of girls all finding fashionable ways to adapt. schick and safe it's the way to go for young cubans the likes of fia who are celebrating their king thing i knew or 15th birthday during the penn demick. i designed my 15th birthday dres

kevin jones so the question is who is protecting british public from interference in our democratic process when a no show we found no one is parliamentarians suspect that this is why prime minister johnson delayed the publication of the report for so long 4 years british media have reported on the close ties between wealthy russians and the tory party especially members of the house of lords these relationships should be carefully scrutinized given the potential for the russian state to exploit them the must be complete transparency about any links with russian businesses at every level of politics and we do know how in respect of the hundreds of lords present the committee calls for a full report on russian election interference. well it's a dilemma for many european governments what to do with citizens who have joined the so-called islamic state in syria and iraq among them women and children many of them are living in kurdish controlled refugee camp. aps their status in limbo european countries are reluctant to bring their citizens back home preferred them to face trial in the region instead of human rights groups say that governments should we pay treat their citizens especially the

johnson. this is bloomberg markets. let's talk about what is happening with schools. is pushing to get kids back in classrooms, suggesting it is not dangerous. kevin with maryland's governor, larry hogan, about how his state is planning for the upcoming school year. >> everybody wants to get kids back to school because it is so important that we get them back learning again. we have to do it in a safe way. we are working carefully with our state superintendent and local school boards and getting input from our public health doctors and our scientists, along with our teachers and parents. we will come up with a plan that will be some kind of a hybrid that makes sure we get our kids educated and back-to-school but in a safe way. hogan, the republican governor of maryland, speaking with kevin cirilli earlier. safelye on how we can bring kids back to school, we are talking to nathaniel beers. joining us now. thank you very much for your time. very clearly -- there is clearly a debate about whether kids can be brought back safely and how we do it. what is your assessment of where we are on whether or not we can deliver the promise of giving kids the op

johnson's favourite candidate chris grayling, to seize the chairmanship last week. he will do a brief resume on his thoughts on the report and we will hear from stewart hosie and kevinwill hear from stewart hosie and kevinjones from the labour party. they too will do a brief resume and then we will be into a brief resume and then we will be intoa q brief resume and then we will be into a q and a about the report. thank you very much, stay with us on bbc news if you want to find out what is in the russia report. nearly a million public sector workers in the uk will get an above—inflation pay rise, after the chancellor said he recognised their "vital contributions" during the coronavirus pandemic. the treasury said the pay increases will come out of existing departmental budgets and will go to doctors, dentists, police officers and teachers. nurses negotiated a separate pay deal in 2018. this comes as the latest figures show government borrowing increased to £35.5 billion injune, five times higher than last year, but lower than the previous two months. the figure for borrowing for the three months tojune is now nearly £128 billion — reflecting the effects of lockdown