-i work at howard johnson's in queens village, new york,

howard schultz will become executive chairman, current president and chief operating officer kevin johnsonl take over as ceo. much, much more on this story in just a moment. and later we will bring you a first on cnbc interview with howard schultz and kevin johnson. that is coming up at 7:30 a.m. eastern time. >> stepping down,

howard schultz moving on to this role. the market taking a hit but not as much as initially. scarlet: kevin johnsond-and-true executive at starbucks, the current president and the coo and he is expanding his role to the ceo according to the company's news release. howard schultz will stay on with the copy as executive chairman. towas shifted focus innovation, design, and development of starbucks reserve groceries around the world. companies social impact initiative. he will stay as chairman of the board of starbucks. do you try these reserve beans? joe: i have never had a reserve team -- bean. will they encourage howard schultz to run for office because his name is every once in a while thrown out there. scarlet: that is a good question. down on theares announcement that howard schultz is stepping down as ceo. joe: i want to bring in a chart on inflation. one second. scarlet: this is already died and you can find the charts on the bottom of your screen. go, it looks at various market based measure of inflation, breakeven rates for 30 year, 10 year, and five year. we see that markets are starting to

could try opening up a a "cinnaboner." [ laughter ] and of course, who wouldn't enjoy going to "howard's johnson." [ laughter and applause ] great. he could also be the spokesman for hardee's. >> jimmy: what's that? [ light laughter ] >> steve: he could also be a a spokesman for hardee's. [ laughter ] or in-n-out. [ laughter ] ?? >> jimmy: starbucks is planning -- did you hear about this, higgins? this is great. you love italy. you love italian food. >> steve: love it. love pizza, love everything. >> jimmy: yeah, yeah, italians in the house. two people here. lll starbucks, this is good news, they're planning to open italian bakeries, in new york city and chicago that will serve pizza. that's great. because if there's anywhere you can't get a good slice of pizza, it's new york citand chicago. [ cheers and applause ] [ brooklyn accent ] hey, where we gonna get a slice today? >> steve: hey, well then, let's go to starbucks and get a a slice. >> jimmy: let's go down to starbucks, over here. >> steve: let's get a venti slice. >> jimmy: i want a grande slice. [ laughter ] >> seth: garflin? slice for g

could try opening up a a "cinnaboner." [ laughter ] and of course, who wouldn't enjoy going to "howard's johnsonaughter and applause ] there's different opportunities. >> steve: any of those would be great. he could also be the spokesman for hardee's.me i "black thought." and i don't -- i think "big black thought" is a just -- [ laughter ] >> well, think about it. >> tarik: i will, i will. i'll give it a big black thought. [ laughter ] >> are there any famous christmas raps? >> tarik: yeah well, you know, the most famous christmas rap of all is run d.m.c.'s, you know, "christmas in hollis." >> you're saying this like, i know that song. >> tarik: i mean, i'm really disappointed that you -- that you don't know what i'm talking about. ♪ ♪ it was december 24th on hollis ave in the dark when i seen a man chilling with his dog in the park ♪ ♪ i approached very slowly with my heart full of fear looked at his dog oh my god an ill reindeer ♪ ♪ >> i was waiting for you to say, take it, adler. [ laughter ] >> tarik: take it adler, take it away. ♪ >> well, what else should we talk about? >> tarik: great. [

johnson. it is kind of interesting because obviously, scott martin, everybody will focus on howard schultz. johnson has 30 plus years wha i'm reading in technology including 16 at microsoft and five years as ceo at juniper networks. we were talking about a few moments ago for future of the company in many kay ways. obviously a company company, using technology, app based and this sort of thing this person has experience in that area already, johnson. >> very much so. and maybe a little bit of unknown to the markets yet with regards how the stock is reacting, connell, but with how the firm or company progresses forward it is all about technology. one of the things i like they're planning to do is delivery service. in some smaller cities as well. those are areas of the market they need to it had. james brought up interesting point of you have starbucks from five years ago and 10 years ago, today five years going forward. there are starbucks everywhere. if they overexpanded, is schultz trying to take the company to the next level, to keep it from expansion and burn on the cash side when they ex

this is howard schultz talking about kevin johnson. >> kevin's decades spent scaling global businesses will continue to help starbucks navigate this new period of worldwide growth and innovation. >> reporter: and we should tell you that howard and kevin are going to join us, we'll be able to ask them all the questions that investors have about this transition and what it means for starbucks. they'll join us on "squawk box" tomorrow morning at 7:30 a.m. eastern time. pretty early for those of us waking up on the west. >> absolutely. i will see you then, andrew. >> reporter: i will see you then on "squawk box," it will be a lot of fun. >> as andrew said, the after hours session starbucks is down to the tune of 4%. look at this chart here, starbucks' chart was up 1,000% his first go-round as ceo. he stepped down in 2000, came back in 2007. when he was gone, the stock doubled. when he came back in 2008, he managed to jump-start the stock again. under his most recent reign, the stock posted a return of 500 pers500%. the question is now do you own starbucks without howard schultz? >> i own i

howard schultz will become executive chairman, current president and chief operating officer kevin johnson will take over as ceo. much, much more on this story in just a moment. and later we will bring you a first on cnbc interview with howard schultz and kevin johnson. that is coming up at 7:30 a.m. eastern time. >> stepping down, but he's spearheading a new way of re-energizing the brand. >> if you thought starbucks was high end at $4 a cup, this is higher end. >> i need detail. so coffee will be more expensive, right? will it be better? >> maybe you're paying for the experience of it. >> there is a lot to do in starbucks already. the music, used to be cds. apple messed that up. but you got i didn't gwi-fi and. >> all day for -- >> if you have a man bun, you get a discounts, right? don't you? >> have you tried that yourself? >> one of these days. >> a fake man bun? >> one of these days on october 13s, i'll have a man bullpen. but first it's jobs friday. forecasters expect an increase of 180,000.bullpen. but first it's jobs friday. forecasters expect an increase of 180,000. unemployment r

howard is 63. we always knew when kevin johnson came in that it could be a transition. here's only one howard schultz and howard schultz built an empire, a fantastic company. he stepped aside once before and the stock did not do well. he's not really stepping aside this time. he's going to be the executive chairman. going to run the roastery. but you know what, what can i say? it's like the end of an era and i don't want the era to end because it's a great one. >> jim, stephanie is here, she's got a question. so you know that a big part of the starbucks story over the years has been margins because schultz has been laser focused on cost and really keeping the margins in a range where they could expand and they could see operating leverage on the bottom line. do you think kevin johnson has what it takes to deliver operating leverage in a slower growth environment which we have been seeing? >> steph, that's a great question because i think that starbucks' biggest problem is through put. i think almost every sees that there's too long a line. you can only open so many starb

after listening to howard this morning in that excellent interview by andrew, after knowing kevin johnsonor a long time at juniper, knowing that there are technology issues about throughput knowing the reserve could be another leg, i feel better. and howard's 63. he did not say, listen, i'm resigning to tweet and that i don't like trump. he said i'm staying on. i'm going to be -- i don't know, i felt good. i felt good. point-blank if this stock goes down two, three bucks, they'll be in there buying stock back. you'll regret you sold it. >> andrew sorkin with schultz and johnson in seattle. you were in the room, you got a good sense of body language and of course asked again about his plans politically. he appears to say he's all in at starbucks for the time being. >> yeah. i think it's -- oh, i don't want to say -- i think it is for at least the time being if not longer. he obviously has grand plans for this premium reserve of brand in the roasteries. we're here at one now. i spent time in the starbucks headquarters yesterday with the employees as this was disclosed to them and to watch b

and the defensive line, bailey and jaye howard and lose derrick johnson. the other starting linebacker, mark lillard in there, justin houston, in and out for much of the year. and yet, game after game, time after time, they have done exactly what they've done here tonight. come up with big plays to win football games. he's done a tremendous job. >> al: third and one. and to the outside. to the one yard line goes west. that will be a first down. more time off the clock. >> cris: they are playing good, sound, tough football. west, trying to get that thing in there so desperately. good balance, though. they've hit on the right formula here. stay with your guys. stay with kelce. stay with tyreek hill. run the ball well. alex smith in the backfield, running the ball some. this looks like a formula of a team that may make a run in the playoffs. >> al: harris. gives it to west. he trips. he is stopped at the 3 yard line. this is the number two defense of the league coming in denver. houston, number one overall. kansas city, 81 yards ahead. almost 250 in the first

and the defensive line, bailey and jaye howard and lose derrick johnson. the other starting linebacker, mark lillard in there, justin houston, in and out for much of the year. and yet, game after game, time after time, they have done exactly what they've done here tonight. come up with big plays to win football games. >> al: third and one. and to the outside. to the one yard line goes west. that will be a first down. more time off the clock. >> cris: they are playing good, sound, tough football. west, trying to get that thing in there so desperately. good balance, though. they've hit on the right formula here. stay with your guys. stay with kelce. stay with tyreek hill. run the ball well. alex smith in the backfield, running the ball some. this looks like a formula of a team that may make a run in the playoffs. >> al: harris. gives it to west. he trips. he is stopped at the 3 yard line. this is the number two of the league coming in denver. houston, number one overall. kansas city, 81 yards ahead. almost 250 in the first quarter, when they scored 21 of the

johnson. >> we had a remarkable conversation this morning with howard schultz, the ceo of starbucks, handingr the reins and that title to kevin johnson, the present ceo and long time board member of starbucks. howard schultz going to stay at the company, executive chairman, will welcome on social impact issues and its premium brand of coffee, the reserve line. one thing fascinating was howard schultz said he thought that kevin johnson was, quote, better equipped to run the company and help scale the company than he was. one of the questions that always comes up in a transition like this is how much power is kevin johnson really going to have given that howard schultz is such an iconic leader of this company. >> kevin johnson, starting in april, is going to be comprehensively all in the chief executive officer. howard schultz is the executive chairman to support whenever kevin needs it. he's managing the business, managing the team, setting the strategy, and i'm here to help and support. there should be no misunderstanding whatsoever and kevin johnson is well equipped to take the company to t

the chief executive of starbucks is stepping down, howard says he's turning over the reins to kevin johnsone current president and long time member. 25,000 stores in 75 countries. he'll be working on another project for starbucks. in a few hours, latest reading on the job's market. economists are predicting 175,000 jobs were created in november, the unemployment rate is expect today remain study at 4.9%. let's check in on u.s. stock market futures. yesterday we saw oil and energy stocks moving to the upside. record for the dow. four weeks up for the dow, now town arrows. that's what's happening now, lauren. lauren: italians go to the poll this is weekend to vote on constitutional reforms, if they vote the reforms down italy's prime minister mateo says he will resign. is this the next british exit or brexit moment? james hughes, hi, james, thanks for joining us. >> thanks for having me. lauren: latest polls that italians will vote no, if that happens, hue does the market react? >> well, i think there is some sÍfic -- risk. >> we could see effect. more on the euro is where the fear is. the go

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look at howard schultz's decision tonight to step up to executive chairman of starbucks, leaving the ceo job to his number two, kevin johnson. investors love howard. can they still love the stock of starbucks without him? without him being ceo? remember, management does matter. i'll be speaking to both gentlemen tomorrow on "squawk box" at 7:30 eastern with my colleague and friend andrew ross sorkin. but doesn't it feel like the end skeptg down on the news.cyor doldmp president. combine that with some green chutes in the economy, of which there are many, he should only produce better returns for prod all at once. there will be pitfalls. there will be hard sell-offs. there will be buying opportunities when the baby gets thrown out with the bath water. there will be selling opportunities with stocks that have soared too close to the sun. in short, the industrials and the banks have moved too far, too fast in one direction, while the techs, health cares and consumer goods have moved too far, too fast in the other direction. my take? i want to go against the grain. i want to buy some off the stuff that's been thrown away -- mor

schultz,er howard kevin johnson will take his place, the chief operating officer, known for his experienceysts like sarah senate tour, who spoke to earlier, expected to move more to digital , very big presence in mobile ordering. stock was down nearly 4% and now down about 2.5%. we are watching semtech movers. really interesting situation with the company called ekstrom. it is a german company but these are u.s. shares. administration is considering potentially stopping a deal to buy this company from a chinese firm. it is able because beck stop as a california subsidiary, soak the developing situation. ember alone, watching that -- 8.6%ella, shares down by and workday, watching that, international customers delaying purchases and the company blames the brexit vote an election the u.s. and were: europe -- and oracle in europe, and it was also down and workday downgraded on the heels of the results. dive into we want to those november job numbers that came up from washington. michael mckee is in washington, bloomberg economic economics and policy correspondent, i wonder about what this tell

and howard schultz and incoming ceo kevin johnson will be live on "squawk box" in a first on cnbc interview. don't want to miss that. >>> as u.s. markets continue to hit new high and top line growth revenues increase, is trading on trump the best strategy or is it maybe time for some money to do out of the markets? bob pa is an any filed that report. >> reporter: market trading high by historic standards. so with stock prices heating up, is it worth buying at these kinds of levels? key factor is what earnings will be like in the near future within the next year. so the bulls are arguing that president-elect donald trump's policies will lead to stronger economic growth with more fiscal stimulus, tax cuts, reduced regulation. all right. all that sounds great, but it's all a little vague and we need to put a little more flesh on the bones here. it's so vague analysts haven't rushed to raise their estimates yet because they have no clue how to model tax cuts, stimulus programs and fewer regulations without a lot more specifics. so can the bulls pull this off? well, maybe, but again, we just nee

you know, most people associated this with his girl friday which was a great idea by howard hawks to make hilde johnsonoman. and they created sort of the first screw ball comedy. but the play is not screw ball comedy. it's dark comedy mixed with mel o drama that show by the third act, spins into the edge of fares. and so it's highly unusual because it was put together by jet harris, who was the producer and got the manu script gave it to george s kaufman, one of the great men of theater, director and writer and said fix this. so it las this very authentic feel because they came from that world. and it also has the hand of george kaufman, you know, it is a three act play structure and it's very much in the tradition of his plays which has the first act is set up. the second act is complications and things start getting really funny and the third act is hilarious and everything you have seen pays off in a delightful and satisfying way. but it is interesting for an audience today that you know the best thing you can tell someone about a play is that it is -9d 0 minutes with no intermission. and they are t

administrations in the past and hopefully will be addressed by the president-elect. >> howard schultz there with kevin johnsoni was surprised he used the sports analogy. compare himself to tom brady and not russell wilson. >> tom brady hasn't had unscathed last couple of years. skeptics say kevin johnson is more of an operator. at least he will have the founder whisper at the executive chairman level. that should give some relief to shareholders. >>> we have got about 20 minutes left of the trading session here. the dow holding steady just below the unchanged level. as you can see the s&p, nasdaq and russell going out with gains. two big blows in favor of cord cutters with cbs and amazon striking major content deals that could help the cable bundle. we'll break down those deals. >> there are two sides to every story. president-elect donald trump made the deal to keep those 1,000 carrier air conditioner jobs in the u.s. coming up we will go to mexico where the jobs were supposed to move. you're watching cnbc, first in business worldwide. >>> you are looking at all 30 stocks from dow jones. yesterday goldman sa

jolted investors by announcing that the ceo howard schultz would step aside, tossing the reins to the number two lieutenant kevin johnsonrise announcement went something like this. focus to the my next wave of retail renovation, i am sincerely pleased that kevin johnson, our current resident and coo, a seven-year board member, and my partner in running every facet of starbucks business day to day over the last two years, will be assuming the duties of starbucks chief executive officer in april 2017. on shares initially fell 10% the shock value of the announcement, even though many on wall street say kevin johnson has been at the country for seven years, and when he took over the coo job, many believed he would in fact succeed howard schultz at some point, although not this early. howard schultz announced in that sound bite that he will be focusing on expanding starbucks while the main team, kevin and his team, are in charge of the starbucks stores. in terms of wall street reaction, some believe this arrangement of divide and will be a win-win. however, take a look at not just the one-year chart which shows the strength

st.y are the faste tom: howard davidowitz, thank you so much. johnsonif week. the news flow again, folks, has extraordinary. stay with bloomberg television and radio throughout the day. this is bloomberg. ♪ ♪ donovan: --jonathan: good morning and welcome to bloomberg daybreak commenting it down to the holidays with the market looking like this, you just go nowhere. looking at futures right now we are negative about three point on the dow heading for a seventh straight week of gains but into the longest weekly winning streak since 2014. in the bond market quickly, let's get you up to speed. we are switching up the board. the yields are down on basis point. david: here's what you need to know at this hour, a big sigh of relief, deutsche bank and credit to terms over the mortgage backed securities agreeing to pay a total of 12.5 billion dollars. barclays hangs tough in the doj takes it to court. italy is buying a bank moving forward to invest billions of euros. how much will it end up owning? what to the bondholders stand to lose?

starbucks recently announced the chief operating officer kevin johnson will succeed longtime chief executive officer howardchultz in april. we will also be getting earnings from google that meant logic of this morning. results are expected to rise. the guilty gear maker has benefited from the trend. the company has been seen more competition from the likes of nike and under armour. >> at length in this edition of "the wall street journal." supreme court has submitted insider trading cases based on kids pass along their families and friends. the ruling could lead to more insider trading cases. blackstone going public on its $10 billion for a sure bet. the firm went on a spree after the foreclosure crisis but 50,000 homes. and they find out if the gamble paid off big the company has rent those homes preparing to go puic. finally this tennessee has enjoyed richard parks, general reporting trips to incorporate security services account for the fastest growing site and the pay packages in the world largest companies. >> coming up, another record for stocks. keep it right here on "fbn:am." we will be right back.

managers darnell earley and gerald ambrose, and former city employees howard croft, a public works superintendent, and daugherty johnson, a utilities manager. this is michigan attorney general bill schuette announcing the charges. asthe tragedy that we know the flint water crisis did not occur by accident. no. flint was a casualty of arrogance, disdain, and a failure of management. absence of accountability, shirking responsibility. we will proceed -- we will proceed to deliver justice and hold those accountable who broke the law. period. these are governor appointed emergency managers that we are charging today with 20-year felonies, and it is serious. as andy arena said, we are going up and we're going broader. amy: the flint water crisis began when flint's unelected emergency manager darnell earley , who was appointed by governor rick snyder, switched the source of flint's drinking water from the detroit system to the corrosive flint river. the water corroded flint's aging pipes, causing poisonous levels of lead to leach into the drinking water. residents continue to call for mission a good governor rick snyder -- m

howard schultz is stepping down as ceo. he will be named executive chairman and kevin johnson will not be the ceo to succeed him. shares in the plummeting on the announcement. it fell and the very quickly paired those losses being down 5.5%. do we know what howard will be doing? where is his focus going to be? >> speculation right away will go to politics. he is active in democratic circles. when you hear him talk, he talks like a politician, somebody -- the conversation he did. people have thrown him around as maybe a bp in this cycle -- vp in the cycle. >> the new ceo, we see the market reacting slightly negatively to this news club probably on the uncertainty of the transition. what is the key thing to know about the new ceo? >> the key thing when you think about kevin johnson is the has been operational focus that is needed to sustain starbucks growth. he is an operations guy and he has been involved for several years, he has been on the board for several years. he should be able to continue to guide a starbucks adventure is maintaining operational excellence. ♪ ♪ you are watching "bloomberg best." we turn to

howard shuttle is stepping down. seattle base company announced kevin johnson currently chief operating officer will take over the role in april. shuttle started there in early 80's and helps make the 84 billion dollar company it is today. starbucks stock was up during the trading day but dropped after the announcement which happened after the closing bell. down by 68 points. nasdaq dropped 72. >>> coming up next on 7 news at 9:00. >> said that people die from hiv and can't find a cure yet. >> in honor of world aids day see how the city at the center of the hiv epidemic ♪ ♪ jon batiste has mastered new ways to play old classics. with chase atms, he can master new ways to deposit checks too. easy to use chase technology for whatever you're trying to master. >>> san francisco marked world aides day with solemn ceremony in golden gate park. this year 200 names evened on to the circle of friends. steven went to the memorial today to remember some of his friends. >> a lot of people whose faces i can't everyone remember any more but i remember their names. and i want to be with them in spirit today. >> i was there this morn

howard schultz will be leaving his post as the c.e.o. kevin johnson will become the he will be the executive chairman. we have more on this and what it means for the company at 5:00. it's that time of year. holiday packages are hitting the doorstep. and a lot of times you don't know you have been hit. you are waiting for the package. alison: "7 on your side" fighting back against those stealing your holiday cheer. troubleshooter horace holmes shows how to defeat the wannabe grinches. horace: has it happened t horace: get this number. now and the first of the year is .5 billion packages will be delivered to doorsteps across america and you won't believe how many scrooge will steal. 'tis the season when a gaggle of packages to the doorstep. possibly for the porch pirates to pilfer them or sweep them away before you get home. >> if you live in a big city, stuff gets stolen. horace: every year, 23 million people are victimized by pirates as they are called. a simple crime for the thief is like stealing candy from a baby. this is an example of what we are

howard schultz says in april, he will focus on opening more innovative and high-end starbucks shops. former microsoft senior executive kevin johnson, will replace schultz to become the new chief executive. today there are more than 24- thousand retail starbucks stores in seventy countries. wells fargo may have to face its victims of fake accounts in court. two congressional lawmakers introduced a bill yesterday that customer agreements to derail class action lawsuits. the fine print requires customers to settle their claims behind closed-doors instead of open court. customers in utah filed a class action lawsuit, saying the bank opened accounts in their name that they didn't sign up for. regulators say there were as many as two million of these fake checking and credit card accounts. eleven people-- now confirmed dead following raging wildfires in tennessee. and several others are still missing. rescue around the clock, putting out brush fires and searching for survivors. alice hagler was one of those people killed in the fire. her family says it all happened so quickly. lyle wood, mother was killed in wildfire: "things went from

howard shultz's departure is aimed at refreshing the starbuck's brand. current coo and president kevin johnson will now become the new ceo. starbucks has been facing increasing competition from specialty roasters and other coffee spots like dunkin' donuts which has been introducing more high end drinks. when shultz first took over starbucks only had four stores. it now has more than 25 thousand. now to some holiday inflation that you want to hear about today. the iconic christmas song the twelve days of christmas now costs more than 34 thousand in case you want to know. that's of course if you were to pay all the participants and buy all the items described in the song. according to pnc bank the sum is $233 more than last year. why? rising wages mean the drummers drumming and the pipers piping get bigger salaries. the biggest increase however was for the turtle doves their price increased more than 11 percent from last year. everything else cost less or about the same. we could find a drummer right here in our studio probably for a little less. all right. no ladies dancing. it's tough to fit e

johnson finds cheatham on the break. he can't finish. luke fisher has his back. impressive freshman, marcus howard, with four threes for 17 points. marquette cruises 90-44. >>> across the street, panthers had to fight to beat the dolphins of jacksonville. dan working hard inside eight of his 10 in the first half. uwm bench comes off big. panthers are perfect 2-0 at home. >> here are tonight's winning powerball numbers. they are 3, 14, 18, 25, 45 and the powerball is 7. power play times two. >> don? >> my numbers are a little colder than that. 35 degrees. maybe a flurry in the morning hours. 45 -- 40 by noon. we'll be in the low 40's in the afternoon, dropping to 38 at 6:00. >> they're still winners to me. >> not bad. >> thank you for joining us on live at 10. >> jimmy fallon is next. >> announcer: from nbc news, this is "today" with kathie lee gifford and hoda kotb live from studio 1a in rockefeller plaza. >>> wow, everybody! it's our favorite day. it's wines day wednesday and hump day, november 30th. >> yes, it is. >> look at our three hunks. >> every day's wednesday. >> piece of chicken, right? >> come on. >> it's really going

in april ceo howard schultz is stepping down from his post to become executive chairman. kevin johnson will take over as ceo. >>> thousands of baby back seats and chairs are being recalled due to a drowning hazard. while the baby is in it. for more information if you have one and want to get a full refund you can go to our website at wfla.com. >>> well, we're in the month of december. folks are buying gifts and getting ready for the holidays and when it comes to the items listed in the 12 days of christmas, pnc reports all of them in total would cost you about $34,000. >> turtle doves, if you wanted to write a check out for them they're about $375. >> how about i get you the drummers drumming, how about that? >> you can rent those, right? >>> well, women in the draft. >> new the president's opinion on weather women should now register for the draft. >> and ferry service between tampa and st. pete there are lots of questions about whether anyone would use it. so coming ferry ride. >> first on this friday morning you heard that right a live look outside downtown tampa, the beautiful hill

facing charges, including conspiracy, flint's former public works director howard croft and former utilities director daughtry johnson>> flint conserves better. >> reporter: in 2013, earlyey and ambrose appointed by the governor to address flint's troubled finances. to save money they stopped buying water from detroit and planned a new pipeline to get water directly from lake huron. in the interim they switched flint's water sewers to the nearby flint river where the water was to corrosive and caused lead from old pipes to leech into into the walker supplies. >> there is a fixation on balance and balance sheets. this has cost lifves. >> reporter: he said they the flint river was unsafe. darnell earlyey spoke with adriana diaz in march. >> in hindsight i wish i had done more and wish everybody had done more but hindsight is 20/20. >> reporter: state officials were not -- that is something many people in flint, like melissa mays oppose. >> these people should go to jail and their rights taken away like we did. under the emergency managers we had no rights, we had no say. >> reporter: ambrose, croft, and johnson have pl

howard. thet half, knocks down three. and fouled. finish with 20. the colonials beat the bison 79-62. football classic, championship. raymond johnsonestfield the lead. the bulldogs win their second straight state title, 34-28. in the virginia class 5-a championships, stonebridge and highland springs, 26 seconds left. carter rolls out, the game-winning touchdown. stonebridge loses a heartbreaker, 35-29. and louisville quarterback lamarr jackson won the heisman. congratulations. ♪ ♪ ♪ ♪ kimberly: you have heard of wedding crashers, but in this case a drone crashed the party. guests at a new hampshire wedding say that a drone hovering above the dance floor nosedived into the ground below. two guests claim they were left with injuries requiring stitches and now are suing the groom and the wedding venue. >> one of my waiters came running in and said there is a drone inside the tent put it away, and it was too late. wedding venue manager said they warned the groom not to fly the drone. the groom insists he was not at the controls when it crashed and called the lawsuit ridiculous. [ 80's music ] can i get anyon

we found that howard schultz, the ceo, is stepping down passing on it to kevin johnson. he'll be focusing on rolling out the new concept. they are like cathedrals of coffee. as if that weren't enough news, today starbucks held a twice a year investor conference is that they rolled out a five-year plan with some very lofty goals. aiming for 10% revenue growth. mid single digit growth with the earnings expanding 15 to 25% per year. he may be retired as ceo but he has a five-year blue print for success, all laid out and ready for his successor. so let's sit down with the current chairman and the successor to learn more about the transition of the company's future. to you, i have been with executives. they don't have a five-hour plan. they don't have a five-day plan. a five-year plan? how can you have one? >> we've had a 45-year history so we have a very solid co comprehensive understanding and a clear line of sight on our business. this is an opportunity to demonstrate with great humility that we feel as you said we can deliver a 10% revenue growth, 15 to 20% mid single dig

johnson said he got rebounds for jujuan. freshman sam hauser scored a career-high 19 points. 17 year old markus howard added 15. nice road win and resume builder 89- 79. tiger woods shot 4 over par 76 in the final round of the hero world challenge inn the bahamas. finished 4 under par..15 out of 18 players. ted and mary back after this timeout. the butterburger is made of just three cuts of fresh midwest beef. nothing more, nothing less. so we got the sirloin, the chuck and the plate. no fillers; that's it. all prized cuts, all well-marbled for richness and flavor. this is where those three wonderful cuts of beef come together. you can just tell that blend is working in there. and we sear them, and that seals in the juices of the burger. better than that. and that's the culver's butterburger. finally tonight-- the snow is a good reminder of how bad wisconsin winters can get that's why fox 6 wants to help make sure everyone has a warm coat to wear. we're holding a special "coats for kids" on wednesday. our tom wachs will be at the steinhafes collecting coats of all sizes -- new or gently used. the first 200 peop

kevin johnson who is the president and coo, he was announced to take over as the ceo of starbucks. howardl be executive chairman to overlook the strategies, especially when it comes to premium stores. kevin johnson is a tech industry veteran and this speaks to how much of starbucks depends on the innovation from the mobile unit. joe: like every company, they want to be a tech company. scarlet: they really have done it. joe: they really have. scarlet: people order over there smartphone and pick it up. joe: it has been impressive. i am looking at the opposite of text. i'm looking at gold. this is extraordinary. we go back to the end of the chart, this is total holdings of gold assets declining for 15 straight days. the blue line is the price of gold. gold is racing out of the etf. you can think of it as a negative yielding bond, because it is a safe haven, but you have to pay to store it. it is a high storage cost. so it has a negative interest rate, which means when the rates are rising like right now, it makes holding gold less appealing. so we see the flood of money coming out. scarlet:

facing charges, including conspiracy, flint's former public works director howard croft, and former utilities director dougherty johnson. >> flint deserves better. the people of flint are not expendable. >> in 2013, earley and ambrose were poirnted as emergency managers to address flint's troubled finances. to save money they stopped buying water from detroit and planned a new pipeline to give water directly from lake huron. in the interim they switched flint's water source to the nearby flint river where the water was so corrosive it caused lead from old pipes to leech into the water supply. >> during the course of this investigation there's been a fixation on finances and balance sheets. this fixation has cost lives. >> reporter: schuette alleges officials defrauded tens of millions of borrowed state dollars for the project and ignored warnings that the water from the flint river was unsafe. when you look at the documents -- darnell earley spoke with cbs news correspondent adriana diaz in march. >> in behind sight i wish that i had done more. i wish that i had done more. hindsight is 20/20. >> reporter: governor rick

johnson finds cheatham on the break. he can't finish. luke fisher has his back. 15 for him. impressive freshman, marcus howard, with points. marquette cruises 90-44. >>> across the street, panthers had to fight to beat the dolphins of jacksonville. dan working hard inside eight of his 10 in the first half. uwm bench comes off big. panthers are perfect 2-0 at home. >> here are tonight's winning powerball numbers. they are 3, 14, 18, 25, 45 and the powerball is 7. power play times two. >> don? >> my numbers are a little colder than that. 35 degrees. maybe a flurry in the morning hours. 45 -- 40 by noon. we'll be in the low 40's in the afternoon, dropping to 38 at 6:00. >> they're still winners to me. >> not bad. >> thank you for joining us on live at 10. [ tower pinging ] [ whistling ] we've got a problem, friend. half off any smartphone for anyone who switches? what's the problem? the naughty list shouldn't get deals! yeah, but anyone who switches gets half off of any smartphone. even these? yeah, any smartphone. call the big guy! [ bell dings ] santa? no, jingles. [ knuckles crack ] [ spits ] ooo. ouch. [ darien ] switch a

howard schultz is stepping down. in april he will become social impact activities. chief operating officer kevin johnson will replace him. >>> abc 15 sports brought to you by sanderson ford. >> the cardinals toughest opponent has been themselves. last three losses combined the cards flagged for 26 penalties. costing them 240 yards. do the math, 80-yard per loss. you don't have to be a wiz to huge disadvantage. >> ball not falling my way right now. we have lapses to where -- shooting ourselves in the foot. [ indiscernible ] >> patrick peterson said if it to dig themselves out of holes. >> mental errors. one of the big problems. >> he hasn't seen this since he was at temple. >> hopefully the season is still salvageable. >>> hoping for warmer temperatures -- [ talking at the same time ] >> it will get slightly warmer. another storm system clouds and radar. this system bringing snow showers at this hour through nevada, utah, colorado, and further north and now into new mexico. we had a little activity near the desert earlier in our state but as we look at abc 15 desert doppler the time lapse video it has fi

howard schultz is stepping down as ceo. he will be named executive chairman and kevin johnson will now be the ceo to succeed him. shares in the after-hours plummeting on the announcement. it fell 11.5% post-market and then quickly pared those losses, being down now 5.5%. do we know what howard will be doing? yes, he will remain as chairman of the board but where is his focus going to be? >> speculation right away will go to politics. he is active in democratic circles. when you hear him talk, he talks like a politician, somebody -- the rates matters conversation he did -- so he has bigger ambitions. people have thrown him around as maybe a vp in the last cycle. i would not be shocked if he did something in politics. >> kevin johnson, then you ceo, -- the new ceo, we see the market reacting slightly negatively to this news, probably on the uncertainty of the transition. what is the key thing to know about the new ceo? about the new ceo? >> the key thing when you think about kevin johnson is he has the operational focus that is needed to sustain starbucks growth trajectory. he is an operations guy and he has been

off 4% after found are howard schultz announced he's stepping down as ceo to focus on starbucks' high-end stores and schultz will be replaced by chief operating officer kevin johnson, who's played a big role in the rollout of starbucks mobile app and starbucks is up 5% since he returned as ceo in 2008. an augmented reality app called 1600, when they point the app at the dollar bill at george washington's face and you can watch the east easter egg roll. on wall street, it could start out in red. futures are lower this morning. investors are awaiting big economic news. that november jobs report out this morning. it's expected to show employers boosted hiring last month. that could make it almost certain the federal reserve will hike interest rates later this month. a new record high for the dow to 19191. nasdaq falling. back over to you. >> thanks. have a nice weekend. >>> 40 degrees and falling. many neighborhoods are in the 30s. a little breeze blowing to make it feel even chillier. clear skies over battleship new jersey. live view from camden. >>> 5:27 and a sunny friday is ahead. there are some changes for the weekend. i've got your neighborhood forecast coming