howard schultz, good morning. >> thanks, charlie.ou think can create more jobs? unemployment is a big problem. politicians have not been able to do what is necessary. what do you think you can do? >> let's frame the facts. there are over 13 million americans unemployed, a large parjt of the his pangs and african-americans. more than 15 states are facing budget deficits. we're celebrating 8.3% unemployment as a victory. i just can't allow that. so what i'm trying to do is ask the question how can business and specifically starbucks use its skill for good. >> ask a question or demand some kind of performance about this business to create jobs? >> i think we can't demand performance. what we're try dog is really show other people that business can make a difference. and, in fact, we don't want to wait for washington. so for the last few months, we've asked our customers to donate $5 to this wristband. there are over 500,000 people in america wearing this wristband. starbucks is giving $5 million, a multiplier by $7 of every million rais

complete the following sections memo to howard schultz. the only place that still needs a starbucks is blank because blank. we've got your responses throughout the morning. where do you think it's needed. alpha s alpha centuri would be a good place. >> i haven't been there lately. when they get there, there better be a star bucks. it is impressing all of these guys and their rocket ship dreams. >> there may be a cafe. they're very forward thinking management. >> again, we've got your responses throughout the show. how do you end the week on a profitable note? of course, the answer is run to cramer. he's coming up next and let's take a look once more. much more squawk on the street live straight ahead. ona here wae that ford dealers sell a new tire like...every five seconds, how's that possible? well, we purchase 3 million a year. you just sold one right now didn't you? that's correct. major brands. 11 major brands. oop,there goes another one. well we'll beat anybody's advertised price. and you just did it right there, what's that called? t

and when i see you at 8:00, starbucks ceo howard schultz is here. >> i'm erica hill. why is jetblue pilot clayton osbon still behind bars? plus, the megamillions mystery that gets stranger by the day. >>> first as we do every morning, we begin with a look at today's eye opener. your world in 90 seconds. >>> chaos on a california campus. after a gunman goes on a rampage. seven people are dead and three more are fighting to survive. >> police arrested the suspect at a nearby shopping center. the oakland tribune said he told someone he had shot people and that he needed to be arrested. >> he came here specifically to kill people. he was upset at the administration for the way he's been treated. >> we knew that april would be a very tough month for us. >> rick santorum tries to stop a primary sweep. >> maryland, wisconsin and district of columbia head to the polls. >> as front runner keeps his eye on the white house. >> he said if he couldn't turn the economy around in three years he would look at a one-term proposition. i take him at his word. >> champions 2012. >> this

howard schultz. are there accounting issues still.ng stock price and a lot will give you the trade off of that. the technical trade and the $70 billion man who manages the pension with $70 billion under management and we will get his take under where he finds the stocks as well as bonds. see you then. >> we will be there and a host of names on the move. the after hours trading session. stay with us. >> we have a lot of after hour movers and shakers. one is an equipment make they're services semiconductors and all the stock up better than 9% after this short break. . >> before we wrap it up, let's get another look at the trading session. >> let's look at veco, the semiconductor company. they have a strong q2 guidance and they came in at 49 cents a share, much higher than expectations and the stock is up 12.3%. switching over with revenues of 31.7 for the fourth quarter and $122 billion for the full year. that's the top line revenue figure. during the fourth quarter, they completed the acquisition for $919 million and also during the fo

groupon shares tanking after the company replaced the chairman and howard schultz and let's get the latest. kayla? they saw the groupon stock taking better than 11%. after hours it did get recovery and that's because of the financial expertise of the two members that will be taking the place of howard schultz and set to retire at the beginning of june and also the cfo and trying to bolster the expertise on the board. one of the big things raising the question and from the excel partners and the lock up on groupon shares, whether this means excel will get out of groupon completely after selling the shares in the offering, that could bode poorly. down 66% from the ipo price. we definitely want to see what the numbers look like. >> we want to bring in the next guest. rick summers at morning star has us celebrating on the stock. he had those ratings in that target since groupon's ipo and he followed the advice and would have avoided a 38% loss. he joins us on the fast line and it was widely expected that they would be replace and does this make the situation more attractive at this point? >> m

howard schultz earlier on the call says this quote, seismic shift that we've seen in the consumer behaviorver the last few years is here to stay. he went on to talk about how great things are in china in the company. just came back from china last week. he said what they have seen there in china is their core customer has transitioned from the ex-pat or tourist to now the actual local chinese customer, and for this reason they are increasing the number of stores they are going to open there this year in that region, and the china asia-pacific region from 300 originally to now 400. half of those will be in china. they actually had their first family -- partner family forums in china last week where partners of starbucks in china brought their parents. starbucks was actually pitching to the parents why starbucks is a good career opportunity for their children. they also plan to speed up the introduction of the single service espresso machines there to 2013, much earlier than anticipated, and he also talked about the evolution fresh. they finally opened their first store. he said the early re

. >> i've been talking to people like howard schultz at starbucks, who have been talking about a new sense of moral capitalism. now, not everyone is prepared to practice this. you look at what apple is doing. apple is the biggest company in the world but is very china centric in terms of its workforce and sales. you can see staggering sales in china that came out this week. how much should american companies like apple be following the starbucks lead and bringing jobs back to america, opening factories here, even if it costs them more money to do that? >> i don't think you can have a one size fits all policy, but i do think it's something that corporations have to take into consideration more, and it's going to require real building, because it also means that corporations have to get in the whole issue -- involved in the issue of education, local communities. it means having a political presence and a benign one, but one that's helpful. so it can't just be decreed. but, yes, a company like apple and any company should have a way of bringing some of it back to america with an underst

. >> you don't bet against howard schultz. he's play thd china card before.t didn't work the same way before. we'll see how it goes. >> 60% over the past -- paul is on the clock. what should he be picking next? >> i'll tell you out of crucial names. >> radio shack. >> no. no. no. >> i think he should do mastercard, microsoft or i would do johnson & johnson. >> let's find out what he's going to pick. brian, back to you. >> guys, thank you. enough speculation here. we have the sixth pick with a lot of quality companies on the board. paul, we want today go with a name notorious b.i.g. you went with big money. >> team big money is ecstatic to say that we are picking jc penney -- >> oh! >> mo money, mo problems. >> have you been to herb? >> who put target on the map? who put apple on the map? ron johnson. the company skyrocketed in january when they announced their turn around plan. i disagree. >> herb and brian have another little bet going there like they did with rimm last year. a long shot. >> i'm sorry, jc penney. i got $33 khakis there. they're great. still

also, starbucks president and ceo howard schultz. tina brown. and later, oprah's longtime partner steadman graham. >>> up next, the top stories in the politico playbook. >>> but first, the latest on the tornadoes in texas. here's bill karins. >> well, tractor-trailers that look like toys. that's what we saw live on tv yesterday afternoon. the dallas, texas, metroplex area. and there they are. literally, 1,600 pounds tossed in the air, 100 to 200 feet and suspended for at least a couple of seconds. these tornadoes moved through the region pretty quickly and bounced and skipped. they were not on the ground the whole time, and these were not 200 mile per hour storms like tuscaloosa dealt with in joplin. that is why there are a not a lot of fatalities. people survived in their houses with the tornadoes unlike the ones we saw last year in a few locations. this is where the tornadoes occurred, about 17 in all. now we're still left with some strong storms down in louisiana. under a flash flood warning in the metroplex area around downtown new orleans.

howard schultz, a letter to all his associates saying don't get bigheaded about that. nine.ge to global or domestic economic growth? lulu's a retailer. so a healthy economy helps. but at the end of the day this store's really about the explosion of secular growth of a lifestyle brand that won't be daunted by a slowing economy. banco santander not going to hurt this one. last but not least, can lulu grow its margins or will it be overwhelmed by raw costs? it can make its existing stores more productive. and the fact they use so many synthetic products as opposed to cotton that helps control input costs. here's the bottom line. in this market i need you to be constantly on the lookout for pullbacks in great growth stocks like lululemon because it's the exact kind of company you can buy into the weakness. but for heaven's sake wait for the weakness. no need to jump the gun on a red hot stock when the market will always give you a price break if you're patient. go do some yoga and wait for a downward facing dog day and then pull the trigger. matt in new york. matt. >> caller: he

i had howard schultz from star talking about a new sense of moral capitalism where companies like starbucks be building plants like that in america, shun the you? and bringing jobs home. even if it's more expensive to do that. >> we are bringing jobs back home. we are bringing jobs back from china, japan, some jobs back from mexico, and literally over the next three to four years, we're adding about 12,000 jobs, the majority of them are hourly, some of them are salaried work with force. and we're looking at that in terms of investing our business, and we can make a business case to be competitive here in the united states. we will always invest here in the united states, that's exactly what we're doing. in addition to also investing in other countries where we conduct business and where we have plants and utilizing those assets. so it really is a balanced approach to drive employment. >> how many people do you employ worldwide? >> worldwide, we probably employ somewhere in the neighborhood of $160,000. >> how many of that would be in america. >> in the u.s. here, we employ about 22 or 23,00

you talk about management, can it get better than howard schultz?s the guy that turned starbucks from a small regional coffee chain into a global power house before stepping away from day-to-day operations in 2000. but when the company -- i hate to say this because i love the management team, it lost its way. schultz came back taking the helm again at the beginning of 2008. since then, he's been able to return starbucks to the former glory. when schultz came back in 2008, the company was growing same-store sales at 1%, in the most recent quarter the same-store sales 9%. i have not seen a turn around like this in the restaurant business since the great mcdonald's comeback of the mid-90s. nine! does starbucks need domestic economic growth to meet its objectives? no. no. starbucks is a secular growth story. keep on spanning through a global economic slowdown. and finally, can the company grow margins overpowered by rising raw costs like so many companies we deal with? its margin should actually rise sharply. plus this company has raw costs under contro

starbucks ceo howard schultz.nd a story that cnbc broke earlier today, delta airlines closes their deal to buy the trainer pennsylvania oil refinery for $180 million. delta received 30 million in state subsidies for that payment. the refinery is expected to provide 80% of delta's jet fuel needs in the u.s., reducing its fuel costs larry. this is a first. it's really quite an interesting move on their part. >> all right. many thanks. cnbc's bertha coombs. >>> later on "kudlow," the paycheck wars. team obama tries to stoke a false war on women, arguing that women make less money than men. but we've got facts that speak otherwise. >>> and up next, too much economic pessimism. we found somebody who says america's decline is a myth, like steve austin and the $6 million man, the u.s. is better, stronger, and faster than anywhere else in the world. believe it or not, we can rebuild. we have the technology, economic strength versus economic sputter. our experts are going to face off. it's very important to understand how

everything is going great for howard schultz and starbucks expanding in china. fundamental solid technicals as well. >> shares of aig in the green today, after an upgrade from bernstein research. the analysts there saying that the government exit is close. and should help boost aig shares. josh sterling, senior analyst at bernstein research made that call joins us now. interesting call, you know, obviously the stock is up in a down take. >> yeah. it's a tough day to be bullish on financials obviously. but we've been looking at aig and doing our homework and of course at bernstein we have a long-term view of value. in the short-term we're getting interested in the game. because we think we have macro risks and you can start taking bullish or bearish view on how the world performs from here. at aig we see a clean restructuring story. where if the world continues to hold together, if markets don't fall apart, aig is going to be able to divest its remaining noncore assets and buy back shares from the government. that creates two things. it really sort of is twin tai

when you think of howard schultz and starbucks and guggenheim and walters. great partnerships.to help me understand business in terms of the ceos who ran those businesses, and then i just took that model and took that over to urban america and it made me successful. >> speaking of partnerships, tell us about you and larry bird and where it exactly began because it was an intense competition going back to college? >> charlie, you're absolutely right. when he played for indiana state and me for michigan state, you talk about like the celtics. they were already rivals before larry and i came into the nba. so we got a chance to play against each other again. we hated each other. >> you hated each other. and i thought of the marriage bird. i thoutd of the intensity you had. it was really a hate for each other. >> i choose the word dis-like. we were fighting for something. when you're fighting for a championship and also you're trying to fw the best of the nba as an individual, you're going have a dislike. and what happens, his mom -- i shot a commercial at his house. >> converse. >>

. >> largely a t, culture in that country, which howard schultz believes it can turn into that.eating 80% of bond funds, this is the victory lap if you want to call it that. >> it may be early to take a victory lap but i'm sure that they have a good quarter under their belt after a very poor performance a year ago. did not see the outflows that some would have anticipated given their underperformance. >> sticky money, sticky money. it doesn't pull out that kind of money and yet we saw an article about hedge funds underperforming for large pension funds. again, what does it take for the pension funds to recognize, maybe i'm not doing that well but i'm paying big fees. >> interesting to note, with the china and pmi numbers, we're seeing copper travel higher today. jc tra up. ibm hitting a fresh record high intraday right here at the open. 209.15. i think it's a mega millions portfolio holding or a nonmega millions portfolio holding. >> i think it works for both and i've got to say that it remains much cheaper than technology stocks with the exception of intel and microsoft. which

tomorrow's program, talk to our good friend, ceo of starbucks, howard schultz.with us. big show tomorrow. >>> up next today, president obama shocks some people with his comments about activism in the supreme court, reminding the justices very publicly that they are "an unelected group of people." "morning joe," back in a moment. with the capital one cash rewards card you get a 50% annual bonus. and everyone likes 50% more cash -- well, except her. no! but, i'm about to change that. ♪ every little baby wants 50% more cash... ♪ phhht! fine, you try. [ strings breaking, wood splintering ] ha ha. [ male announcer ] the capital one cash rewards card. the card for people who want 50% more cash. ♪ what's in your wallet? ♪ what's in your...your... you're probably muddling through allergies. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin® because it starts working faster on the first day you take it. zyrtec®. love the air. not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our fami

i think you can rationalize and say that howard schultz is going to take on europe.ou guys, it's remarkable. this is why i think a lot of companies priced earnings multiples are down. because of everything that i'm hearing this morning. these are companies that are basically taking, taking the profit. >> cramer, where are you on -- we've got bart here. where are you on making sure that the commodity guys only have 10%? are they on the right track? i like my question if you were suggesting it. do you think the fed needs to have restricted limits on how many treasury bonds -- >> they can't have more than 10%, either. what would happen to the 2% ten your? >> i think they should be flooding the world with 30. i pleaded to tim geitner about that. publicly, privately. i think in the end, if we don't try to lengthen our matureties, joe, is spain a possibility for us? i don't think they're going to take it off the table. >> jim, isn't there enough where they can push prices around? >> sure. we saw that with steinhardt. that was a vicious period where i remember trying to fig

. >> just before you go, howard schultz on how to make coffee at home. >> and you start, of course, with interestingly, he did not say starbucks coffee. what he said was -- so he uses a french press. he is very meticulous. >> oh. >> do not buy preground coffee, buy the beans. if you put them in the freezer, let them set out for 30 minutes, essential oils are released. >> that might be too much information. >> he went deep. >> he did. >> and he pose for this great picture of him with the french press. we have something like 300 frames if you guys want to come by the office later. >> i'm going to have to see that. >> that's okay. >> howard. >> let's go look at that. >> we'll make an animate gif. >> tmi. >>> the new issue of "bloomberg" how-to guide. josh. up next, carole king and her influences throughout the year. keep it here on "morning joe." pull on those gardening gloves. grab the nearest spade. and let's see how colorful an afternoon can be. with certified advise to help us expand our palette... ...and prices that give us more spring per dollar... ...we can mix the right soil with th

howard kurtz, we appreciate it. again, legendary cbs anchorman mike wallace is dead at the age of 93. thank again, howie. >>> up next, my conversation with the chair of the democratic national committee, debbie wasserman schultz. copd makes it hard to breathe, so i wasn't playing much of a role in my own life, but with advair, i'm breathing better so now i can take the lead on a science adventure. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator, working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, take the lead. ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. tdd# 1-800-345-2550 there are atm fe