they have ratcheted up prices so much. >> tim doesn't sound very positive, guy, about howard schultz,s you know, you're a big hockey fan. >> huge. >> you remember when rangers put messier in the early 90s and the cup in 94, he left to play vancouver but when he came back was a shelf his former self and not into it. i'm not suggesting mr. schultz is a shelf his former self but have to wonder how into he's going to be. i'm with karen on this one, it doesn't pass the smell test to me. >> there is a scarcity value in this space and the stock has been sold off considerably i think when karen started making before the smell-test comment, i think the shareholders will actually feel pretty comforted that he is around, at least at this stage. >> all right coming up on options, the call-buying ahead of the amc gold miner deal that got us raising our eyebrows, we'll bring details next. and still time to vote on catherine avery's pitch are you buying ibm, vote on our twitter poll much more "fast money" after much more "fast money" after this0 to split across the top five stocks in the s&p 500®. y

we have pushback on a few things. >> he's right about howard schultz.was good to see at starbucks. this is a different situation. we do own disney on behalf of clients and accounts that we manage. our policy is analyst and portfolio managers cannot have portfolio positions but we do own it on behalf of clients and it is on our focused opportunity research list and portfolio. >> you said your firm didn't on the stock. >> we did. bob chapek, it will be a learning experience for him and the company and i think the bigger picture is the company has responsibility to a lot of stakeholders not only shareholders but employees, vendors, customers, the people who visit the park. they have a broad base of clients and customers who view their content, go to the movies, go on the cruise ships and to the theme park. he has a big audience, a big group of stakeholders that he has to care for and overall, he has done and will do a good job. emily: certainly, disney has a lot of opportunities and challenges ahead. i appreciate both of you joining us. we will continue th

ceo howard schultz is returning with victi sized problems. starbucks is i losing their new ceo who replace howard schultz, who is running for president. he basically went to the board, but he's coming back. he's a founder, owner of the company. so it's kind of exciting for starbucks shareholders. the stock did well yesterday. kevin johnson, the current ceo, is stepping down. it seems we're that salt is coming back. but again, it's the venti size problems with unions, with inflation, costs for the beans are more cost for water is more cost for heating needs to zahn. water is more cause for cause for transportation. it you could see that inflation is hitting starbucks aggressively. they raise prices 3 times since october and they still missed earnings expectations, even though the revenues are larger than it was pre pandemic. so they've got a big ol cup of my you top that off with the press. all. >> oh, my god. i and you might like what? here's the yeah. i think about buying stock in large part. it's 25% from its all-time high. i think the rais

maybe you found stability there on this announcement and the presence of howard schultz, but i thinke to buy it right here >> jim, you sold it about six weeks ago. >> yeah. i look back on that and it shows how long the six weeks have been and i sold it at 88. i totally lost track of it when you sell something you're kind of out of sight, out of mind, but everything jo has said is right china is challenged and this is not the growth stock that it was. this is a mature company and howard schultz is incredible and remember, he started the company and grew it. does he have the same capability to take it at this mature level and nurture it to a new phase of growth i'm just not sure. >> pete. >> you're taking the other side, right? >> yeah. i'll take the other side and as a matter of fact, i didn't buy it scott i'm kind of kicking myself and this is a name i was excited about. we know china will be open again, at some point it will be open again and that has been the driver that will be the driver and of course, as we've been opening up more and more, yeah, there are challenges out there a

the latest push comes as long-time ceo howard schultz returns to starbucks on an interim basis. he has successfully fought past attempts to unionize stores and roasting plants. uber will temporarily ditch the split fare option next month. a spokesperson says a replacement feature should roll out in the next few months. the change eliminates the ability to split the cost of a ride within the uber app itself, but you can use venmo, cash app or other services to make things equal with other passengers. with your cnbc business report, i'm seema mody. >>> 4:43 this morning and cracking down on crime. next on "today in the bay," we're going to tell you the new steps one bay area city's leaders are now trying to do to reduce crime in the city following a violent weekend. >> we have a nice, quiet start to our morning. right now the temperature at 53 degrees in dublin. we'll start to warm right back up again, another very warm day. we'll talk about that and a cooldown in your forecast coming up. >> and let's get a kick look at your tri-valley drive times. westbound 580 to grant line 680,

it comes as starbucks' former ceo howard schultz, who has a history of being anti-union, gears up toou can now personalize your own peeps. the company's website is letting consumers customize their chicks to their liking. you get to pick the marshmallow color, the chocolate coating, and a topping. a dozen custom peeps will cost under $30. >> you know what peeps needs more of -- sugar. >> more sugar. yes. >> layers of sugar. >> all right. exactly. pile it on. >> all right. 'tis the season. diane king hall in new york, thank you. >> thank you. >>> still ahead, movies and music. we're going to tell you the big names scheduled to perform at the oscars ceremony this sunday. ♪ it's the most wonderful time of the year ♪ get fast relief of your worst allergy symptoms, including nasal congestion, with powerful claritin d, so you can breathe better. feel the clarity and make today the most wonderful time of the year. claritin d. >>> here's a look at the forecast in some cities around the country. ♪ >>> former child star amanda bynes, who is now 35 years old, is free from a court conservatorshi

starbucks, we learned that starbucks ceo kevin johnson plans to retire in april and now former ceo howard schultzill step in as interim chief. he's only planning on holding that role, though, until the autumn who will succeed him on a permanent basis? a few prospects being floated out there. coo holstead and another one howard could stick in the role for the long-term or choose one of their board members possibility and the possibility they go external, so that remains to be seen >> thank you as always >>> coming up this morning get ready to shake those shamrocks phil's got your saint paictrk's day forecast >>> and ahead the healing power of music in times of crisis. nne. definitely after meatloaf. like clockwork. do it! run your dishwasher with cascade platinum and save water. did you know an energy star certified dishwasher uses less than four gallons per cycle? while a running sink uses that, every two minutes. that means even small loads can save water. so why not do it? run your dishwasher every night with cascade platinum. the surprising way to save water. take a piece of chocolate if you'r

former ceo howard schultz. under schultz it grew from 11 stores to more than 28,000 worldwide. comes after months of turmoil within the company with stores across the country filing to unionize. >>> and netflix is looking to crack down on password sharing. the company plans to test ways to charge account owners a fee for anyone logging into their account from outside the household. the so-called sub-users can be added at a lower price than a regular subscription. netflix says the lost revenue from users widely sharing passwords impacts its ability to invest in new content. uh-oh. anne-marie? >> i know a lot of people are going to be upset. i feel like this is going to help ape lot of people who have been looking for a way to unload their netflix buddy. they broke up three years ago, they're not following them on social media anymore. but they just don't know how to pull the trigger on the password. >> it's true. it's true. netflix says no chill. no more chill. >> that's right. diane king hall in new york. diane, thank you very much. >> you got it. >>> up next, fire emergency. a

howard schultz is revered at the company. the helm of starbucks and replacing kevin i don't know son. this is the third time i see him. this is context much the broader union push. 140 stores, 2states, want union elections. howard schultz long said starbucks doesn't need unions because of the relationship with its employees who it calls partners. investors might see this being anti-union for the company. take a look at retail sales. neil, inflation just hit the consumer again. retail sales increased by .3% last month. but that was down sharply from january's revised 4.9% print and this report doesn't fully capture that recent commodity spike after russia's invasion of ukraine at the end of last month. investors are now waiting to see what fed chair jay powell says about all of this afternoon. another inflation story for you, bmw, says the war will hit its profitability. it cut its margin forecast for the year to between seven and 9%. that is down from 10% last year. first, there was the pandemic chip crisis. now automakers ar

is howard schultz coming back?coming back as the interim ceo, kevin johnson will retire after five years. a permanent ceo search is under way. the market likes howard schultz even though it's only temporary. in other news, jpmorgan upgraded starbucks to overweight. they see international operating profit back to pre-covid levels, and they say look, despite what's going on in china with the lockdowns, they maintain their affordable luxury status there. stuart: well, starbucks has had a tough time recently that chart tells the whole story. lauren: it does actually. stuart: bounce today of 6% i'm sure they take it. now china stocks put them on the screen. look, can you see that, those percentage changes there? these are stocks that the have been slammed for the last few days. why the enormous rebound? lauren: you know, if you believe it, there's a promise by china today to intervene to keep the market stable, including giving support for listings overseas, complete about-face. why? covid pressure, sanctions pressure,

and starbucks founder howard schultz will become the interim ceo until the company names a successor. good morning. this is some really, really big news >> good morning. >> so what happened? why is kevin standing down i think that comes as a huge surprise to investors, to anybody who's been watching the company. >> it's not a surprise to the board. over a year ago kevin signaled to us that he was starting to think about his future and starting to think about retiring and he told us he thought the waning days of the pandemic might be the perfect book end to his now five-year career as ceo. the board wants to respect that decision he's done a great job for us at starbucks and really wants to move onto do something else now. and then we have this mvp on the bench and so the board called him up we thought at this moment he's the perfect person, certainly the perfect culture carrier, so he'll help us transition and we get all of that for a dollar he's going to be doing it for free >> he's going to be doing this froo free, a donation of a dollar to do it. under howard schultz the stock u wa

howard schultz coming back as interim ceo.ing down in april johnson was a top executive at microsoft. was brought in to expand starbucks digital footprint. did it work? kate >> take a look at the numbers. there were 13 awards members fast forward to this year. 25 million in the u.s., 45 million between china and the u.s. and in q 4 represented more than half the tender at operating stores they want to see how other merchants with connect their rewards to starbucks that's very digital, something you often see in the states. they watched partnerships with paypal and others where you can reload your card with bitcoin and can convert to physical currencies you can't overlook the china growth. story. starbucks had 5500, it is the second home market for starbucks and a big growth opportunity in the future they've leaned into social gifting on wechat and alipay and taken advantage of that opportunity and came in to do exactly what they said, grow the digital business and they really have. >> on the tech side, jon, one of the most pop

senator bernie sanders called on returning starbucks ceo howard schultz to end the company's massiveunion-busting campaign. in other labor news, over 500 chevron employees in richmond, california, are on strike after failing to agree on a contract that would provide safer working conditions, better wages, and benefits. chevron posted $15.6 billion in profits last year. and in southern california, disney employees staged in-person and virtual walkouts tuesday to protest the company's response to florida's so-called "don't say gay" legislation, which bans discussions of sexuality and gender identity in schools. disney ceo bob chapek initially refused to condemn the bill and donated to politicians who back the anti-lgbtq measure. this is a disney worker. >> i feel like everything that is happening right now with disney could have ripple effects not only for the company, but the entertainment industry as a whole. i just came here to show solidarity and hopefully get more representation, not only in front of the camera, but behind the camera and the upper echelons of leadership as well. a

and howard schultz who founded and built starbucks. we'll come back and be the interim ceo until they find replacement. >>the warriors are on a roll racking up 4 wins in a row in just the last week. but coach steve kerr says his team needs to improve quite a bit before they can make a playoff run. kron on sports director jason dumas has more on that. plus, a preview of march madness. >>the dogs were back on the practice court prepping for a big time matchup against the celtics on wednesday night. on monday, golden state warmly welcomed draymond green back to the lineup. he was hitting threes and all. but there are still a few vets who remain on ice. andre iguodala is one of them. he was getting up shots today at practice. >>but steve kerr told me that there's no timetable for andres return. gary payton, the second, he's also still out here remains day-to-day with a knee injury. for now, the dubs will roll with what they got. not like. they have a choice. and still, steve kerr made a point to tell me that they are still very much a work

and has also been a change at the top as you all know for starbucks with the ceo leaving and howard schultz going to be stepping in for sometime. well, as the bombs fall in ukraine, u.s. security officials are worried about increasing tensions in cyber space. the ceo of cybersecurity firm trust is here to tell us if russian hackers are targeting american government agencies and businesses big and small, and taking a look at the big board again, we do have red across it, the volatility continues a lot of this is tied to what we're seeing in the oil market. got oil jumping today, except for those energy stocks, pushing pressure, putting pressure on equities dow down 356 the "clayman countdown" will be right back. i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achi

the latest push comes as long-time ceo howard schultz returns to starbucks on an interim basis.successfully fought past attempts to unionize amid the stores, as well as their roasting plants. >>> trending this morning, music lovers, this one is for you. now you can get more of your favorite music on vinyl. >> today is record store day and to celebrate, more than 300 new music releases are expected to debut or be made exclusively available to record stores around the nation. artists like nicki minaj, foo fighters, rolling stones, taylor swift are participating. many of them have never been released on vinyl, which accounted for just 2% of all music sales last year, but also accounted for half of all physical sales. >>> also trending, we know who will be performing at the oscars this year. beyonce billie eilish and finneas, as well as reba mcintyre and sebastian yatra who sings in "encanto." van mores isson was invited to perform, but says he's not going to be able to attend. >> that should be an interesting show this year. here we go at 6:16th morning. getting ready for the sunsh

starbucks reported today howard schultz is coming back as interim ceo. schultz, who replaced kevin johnson. he's set to retire early next month. this will be schultz's third stint at running starbucks schultz helped build starbucks from 11 stores to 28,000 of them worldwide. but now he retakes the job as starbucks faces a wave of employees trying to unionize workers in six stores so far, but they filed to organize in another 100. investigators like the look. starbucks up more than 5% today. >>> netflix with a new attempt to crack down on people who share their password accounts -- or account passwords the streaming giant set to launch a way to let subscribes pay an additional fee for users outside their households previous efforts to limit password sharing prompted users to verify account credentials. no word yet on if it's coming stateside. >>> and chipotle chipotle is testing an automated tortilla chip maker. in a stroke of corporate genius, they've named the robotic assistant chippy the bot cooks the chips and seasons them with salt and lime juice. wo

chance maybe that bob iger could come back down the road we just saw it with kevin johnson and howard schultz think bring back the storied predecessor. >> well, i would never say never. i think that's an unlikely scenario been had a long run there, very, very successful. i'm note sure he would want to step back in, except on maybe a very short-term day. but there is, and again, i don't think the board is anywhere near replacing chapek at this point there are candidates out there i mean, disney has a long tradition of promoting from within but in their former ceo tom staggs and kevin mayer, who was the architect of their very successful streaming strategy, they do have former executives sitting out there who would certainly seem to be very viable replacements should they reach the decision that they need to do that. but by no way am i suggesting that the board is at the point of getting rid their recently hand-picked choice as ceo. >> always great to speak with you. thank you for your time. >> thank you >> james stewart of "the new york times." guy, what'sdisney's biggest problem? >> i think t

and howard schultz who founded and built starbucks.ll come back and be the interim ceo until they find a permanent replacement live from the nasdaq market site. i'm jane. if if they change the cup thing, i can bring my own people like me to get a much bigger cup. >> i'll be taking in a like it back fill it up. have an 11. >> thanks, jay. that's much often. not enough. it. san francisco mayor london breed has introduced legislation to make a portion of jfk drive. >> completely car free forever. a 3 mile stretch of the road between lincoln way in case our drive has been closed since the early days of the pandemic to make outdoor and socially distant recreation much easier. 3 cities supervisors rafael mandelman, matt haney and dean preston are all co sponsoring that legislation while pedestrian advocacy groups like kids safe sf and walk a plot that measure the proposal also faces some strong opposition. the full board of supervisors is expected to vote on the legislation as soon as april. happening today, we could learn of teachers in the

. >> their old ceo left because i don't think he was handling it and they bring back howard schultz for the 3rd time in the company. it's going to be an issue. it's going to continue to happen. it's now in 7 or 9 stores and continues to expect to happen. unfortunately, i feel bad for us as we unite starbucks will probably see the bridge to go. the restart will be replaced by robots. but but that's the times be careful what you wish for. i police unions studi credit police unions, firefighter unions, teacher unions. i get coffee priest i don't get quite as much other than the low cost pay that they get. >> well, it's interesting. you bring up, you know, how they could be replaced with automation because we're kind of seeing that on the roads to with like taxi cab drivers, for instance, this next story waymo, i guess they got the green light to start offering now their driverless robotaxi services. well in san francisco, right? >> for the mine is a tech journalist and he highlighted getting into robotaxi in going to a whole foods and said it was pretty frightening in the parking lots but

maria: that's a great point you made about starbucks and bringing howard schultz back. now or will be in place to take that on. >> i think it was choreographed. maria: it was choreographed. it makes sense. >> i think they pushed the ceo out to bring schultz in to fight the unions. maria: that's a really good analysis there. i'm going to look further, closer into that. thanks very much, tom. great analysis from you, as always. good to see you, sir. >> good to be with you. maria: we'll see you soon. quick break and outrage in wisconsin after a policies says she wants the pledge of allegiance and the word prayer eliminated from the county board meetings, next. meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank. if

founder and former ceo howard schultz. it is going to be temporary, for all you schultz fans who are thrilled to see what he had done for starbucks, but the java jolt is giving investors an unexpected desire to buy stock and the stock is down about 25% over the past year. schultz says his pay as interim ceo will be $1 but starbucks is jacking up the hourly pay for its baristas starting ranges will be $15 but all the way up to $23 an hour by this summer. that's what the union might do, so starbucks baristas will soon be getting paid $23 an hour. look at kohl's stock it is popping on takeover, hopes it'll become a little more solid over the past couple hours. the wall street journal reports the equity firm sycamore partner s and canadian department store operator hudson's bay plan to submit a bid in the high 60s for share of the company. kohl's is up 25% already this year, as investors see the retailer as a prime target for sale. it's up 17.6% right now to $ 63.17. and we've got to check out amc entertainment. ceo adam aron

the founder howard schultz will return as the interim ceo. amid a challenging start of the year for starbucks, facing rising costs and a growing immunization push. a number of private banks are tripping martian -- margin calls following a market route. they've been using chinese tech stocks as collateral for the portfolio. wealth managers such as ubs and citigroup are among the terms that have added capital after the lending value of their holdings fell. ken griffin is the owner of the chicago cubs. are making a bid for the u.k. chelsea football club. the owner -- the u.k. froze the owner's assets after competition with russia. that is your business flash. guy: thank you very much indeed. i think we will find out who ultimately has the highest offer. it does look as if we are going to see increasing interest by the u.s. consortium in u.k. sports. we've seen a number of them buried nick candy, the property mogul and the u.k. also lining up a bid. it will probably a little bit less than he was hoping for. kailey: does that change the fan base?

making staff changes shares are up 7% and the ceo kevin johnson will retire on april 4th and howard schultz basis. we'll have more later this hour. plus the sharp rebound in chinese tech stocks. that is helped by reporters and commentary out of china that the u.s. and china are progressing toward an agreement on regulatory requirements for those companies. the china internet wtf on base for the best day after jd.com andal yu babu and baidu almost 20% we'll end with spotify signing a big sponsorship deal with fc barcelona and an agreement that see the team bear the logo for the next four years and for the first time ever include naming rights for the stadium. those shares are also up 5.5%. but they are still down about 45% year-to-date david. >> last hour volodymyr zelenskyy delivered a speech to congress asking for more financial and military assistance. our kayla has the laft for us. >> president is set to deliver on one of the requests later today in a speech from the white house. biden is expected to announce another $800 million in security assistance to ukraine bringing the total autho

. >> we better find howard schultz because he's the only phone number we apparently have. >> howard should have called i and urged them to do that, so far successful, but that -- >> i was trying to get ahold of charles. >> you were? >> that's called reporting. >> to what end >> i failed. >> what end? >> yeah, what's the frequency? i don't know. >> you don't even know you're trying to get ahold of him, but you weren't going to ask him. >> he's got a five-month succession plan. i happened to think kevin was doing a great job. i would like to know if it was unions, the union drives i mean, look, technology at a starbucks is extraordinary what are you going to do when you have china you go to shanghai, how are the starbucks doing right now? >> it's very curious. >> i know you're looking head and shoulders. >> i made this point on the day in question about the board and the signaling. we had a joke at their expense we continued to, but it's not unimportant. it's what a board's supposed to do. >> if your ceo gives you a year ahead of time, they just said you should know who's going to take over.

. >> could it be like starbucks where all of a sudden howard schultz comes back i don't know it could he wrote it, by the way. it starts out with the problems he had at home it's a great book! i had wrote this he did a great job. >> shareholders at disney were well served by iger and eisner. >> yeah. >> i hate talking about disney we could is been talking about comcast the whole time we'll see you in a couple of minutes. we want to remind you about the cnbc investing club. "squawkbox" will be right back hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should've just led with that. with at&t business. you can pick the best plan for each employee and get the best deals on every smart phone. ♪ ♪ you can pick the best plan for each employee it's electric... made extraordinary. ing

starbucks founder howard schultz will serve in the top job until a new ceo and president is found.ects that to be sometime this fall, schultz stepped down as ceo in 2017, which is when johnson was named president and ceo manufacturing lines that toyota will be suspended for eight weekdays beginning next tuesday . the automaker says the changes are due to the ongoing semiconductor chip shortage. officials at toyota say that the this could mean a 20% reduction in its production in japan and close to 14,000 minivans made overseas will be affected by the measure. operations in china also are reduced because of new government imposed covid lockdowns. one of the major suppliers to apple says it has resumed some production at its factory in shenzhen, china. foxconn says it had stopped operations after the city was locked down due to an increasing number of new covid cases. it's only restarting production where it has production facilities and employee housing together. facts can produces iphones, ipads and macs for apple. i'm pam cook. that's a look at your dollars and cents. right pam. t

they run nearly 9,000 locations in the united states howard schultz will be taking over from ceo kevinril 4th. andrew, while you were out, we spoke with mellody hobson, the chair at starbucks it's the reason schultz is going to come back in and work with the workers who are suddenly unhappy. >> i saw the interview i know how personally howard takes the whole situation. i think it's fast naying to see him step back into that role in part because of this, seeing if he can take this head on because he's somebody who's thought of himself as a progressive, thought of himself who's helped labor for so long. but it's fascinatifascinating. >> if you talk to any ceo right now they'll talk about how employees are more fed up than they've been in a very long time i think that's trying to get through covid and the issues and changes we've dealt with across the country. it's clearly going to be a huge challenge. >> it will be interesting to see howard back. the truth is when you're a founder, nobody will ever love your baby as much as the founder. that's the truth he will always love it it makes se

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starbucks ceo kevin johnson stepping do you have any after seven years at the helm, former ceo howard schultzn stepped down april 4, last year said he would leave the company once pandemic winds down, a starbucks shares up % on news chinese technology stocks soared overnight double-digit gains premarket on chinese companies after beijing vowed to keep markets stable roll out support for the economy, and the ccp claims it will communicate with regulators to reach agreement on audit rules worried they would get delisted because they don't found same rules as u.s. companies there he economists to lift from 21-month low stocks soaring sent hang seng, shanghai composite up sharply decision day, here in america, the federal reserve, the central bank set to raise interest rates by a quarter of a percentage point would be first since 2018, early this morning, i spoke with "the wall street journal" chief economic correspondent nick on what he is expecting to hear from chairman powell, watch? >> the fed is going to raise interest rates today, and they were just adding to that balance sheet last week en

i know there is a lot of talk about iger versus -- how about schultz versus johnson starbucks up 5 since howardople forget about the iger/eisner rift successions haven't always been easy >> the only one i heard was bonga at mastercard. that's the only one i found where it's smooth, they like each other it's high five two people who are grown ups and geniuses, by the way eddie bonga picked a fantastic successor. when you think about the bank successors, i don't know how many of them talk to each other? >> wow i mean, mastercard is up 50 bucks in just a couple of weeks. >> well, look, michael had a fantastic, fantastic announcement where he talked about everything from cyber security to -- >> russia. hugely material. >> the russians have -- famously the russians have two and three credit cards well, sorry, now there is some sort of chinese system we could talk about nothing but russia and i think it's fascinating to people. i think people feel like how is it possible that there could be -- we're thinking about a beach house and they're huddled in a subway? it doesn't seem possible >> we talked ye