earlier today we got a chance to check in with howard schultz the interim ceo. take a look.t heard you this excited about something at starbucks. this transformational for years and years. tell us about this new drink and why you think it's going to be big. >> thanks so much, jim first off, from italy with love, jim. you know, as you know, i discovered expresso and italian coffee bars in 1983, 40 years ago and this summer 40 years later in sicily, i had another epiphany and i discovered partana extra virgin oliver oil and the discovery is a spoon full of olive oil mixed perfectly with cold and hot expresso starbucks beverages i'll bring a couple onset so you can see it, unfortunately, you can't taste it this say transformational moment in history creating a new category, a new platform and a sense of discovery for our customers. olive oil and coffee have been around for thousands of years and here at the heritage of italy we discovered it and bringing it to america and tomorrow we open in italy. it will be an extraordinary event. the name of the beverages and the category is

departing flights for two hours for the first time since the september 11th attacks >> starbucks ceo howard schultzortedly declining an invite from a dozen senators to speak on the coffee giant's compliance with federal labor laws. schultz who rejoined as ceo last april will fully transition out of the role next moptd, adding another would be suited to a change. >>> let's turn to high profile results on deck today from biotech to consumer goods, semi-conductors. we have complete key coverage of some of the key reports, and one big thing feds should look for, kristina partsinevelos is tracking analog devices and frank holland is tracking cisco systems. let's start with meg tirrell. >> the drug was approved it's not expected to be widely used until medicare agrees to pay for it it will be the first earnings call for a new ceo chris viehbacher the company's been a company powerhouse with its multiple growth viehbacher is an center veteran and veterans hope his experience can help turn the company around contessa >>. >> thanks for that let eat is turn to the analog market >> you've got customer order p

. >>> yesterday, howard schultz introduced the new olive oil infused coffee drink and came on the showefinitive needle mover for the world's largest coffee chain it's a good time to talk about what it means to move the needle moving something large enough to impact the share price the larger your company is, the more it takes to move the needle and starbucks is indeed $120 billion company. when i heard schultz pitching this new drink as transformational, a couple things went through my head. maybe this is hyperbole and maybe a cup of coffee with italian olive oil in it. how could that move the needle l? schultz knows the coffee business better than anyone including me so when i heard about this drink, i took a dallop of my own home grown olive oil. then again, i'm a stock guy, not a coffee guy we own starbucks for the charitable trust and learn more about that by joining the cnbc investing club schultz turned it into worldwide colossal something more impressive than my at home stirring and a spoon full of olive oil is healthier than using this creamer. maybe oleato will bring it into s

this is howard schultz the interim ceo again as you know for starbucks.ing. to be fair to starbucks because i love my starbucks you're making that face. >> you are a hard pass. >> oil in my drinks. >> there is trying to see what were willing to pay for. >> can you walk into a place, no thank you. >> i can't do it i want olive oil on my bread i don't want to on my coffee, look again i will defer i think howard schultz is a genius, never underestimate a guy. we shall see but i'll try to report back. >> i live in did by jonah and coffee i think that's gross. i certainly don't want olive oil in their. >> i will report back. >> the epa chief and ohio's governor needs policy yesterday drinking tap water in a residence home to prove that the water is safe. epa administer michael reagan vowing to hold nor norfolk soutn accountable. >> if the committee fails to complete any action ordered by epa the agency will immediately step then, conduct the work our sales and force north folk southern to pay triple accordance to the powers granted by my agency. maria: do we k

and so, i was attending a board meeting, and howard schultz and kevin johnson approached me to becomehe chief operating officer. david: but you said you don't really drink coffee, or you didn't say that? rosalind: you know, i was a tea drinker at the time, so that was interesting. and seattle wasn't in my plans. but i fell in love with the brand and the company. i saw a great opportunity to help the company operate a little stronger. david: ok. so, you moved from bentonville to seattle. and you became the chief operating officer of starbucks. and starbucks has become so successful because its coffee is better than other people's coffee? or what is the reason you think it's so successful? rosalind: i think it's two things. i think it is definitely quality coffee. it's customized for all drinking palates. i also think that it's their coffee practices, along with the baristas in the store. i think the baristas are top notch and really interact great with the customers. david: what's the most popular thing that people ask for when they go to starbucks? rosalind: oh, gosh. you know, really

starbucks�*s chief executive howard schultz promises it will enhance coffee with an "unexpected, velvety of pasta, pecorino and gelato. but now, one of its famed delights is about to get a makeover courtesy of america's very own coffeehouse, starbucks. and they are calling it the oleato. translation: it's a strange idea. - but there is something different about it and, in my opinion, it could appeal a lot more to foreigners than italians. translation: there are things that shouldn't go together, - but it's good, because i always like to taste something new, so for me, it's good. the oleato is made with arabica coffee infused with a spoonful of partanna cold—pressed extra—virgin olive oil. you can drink it as an ice—shaken espresso or even a latte, with olive oil steamed with oat milk. starbucks launched in italy in 2015, but it has struggled to win over customers. its new drink is not for italians alone. starbucks plans to bring their new recipe to southern california in the united states later in the spring. the united kingdom, middle east and japan are set to follow later this year. so

starbucks's chief executive howard schultz promises it will enhance coffee with an "unexpected, velvetyand of pastor, pecorino and gelato. —— pasta. but now one of its famed delights is about to get a makeover, courtesy of america's very own coffeehouse, starbucks. and they are calling it the oleato.— it the oleato. translation: it's a it the oleato. translation: it's a strange _ it the oleato. translation: it's a strange idea, _ it the oleato. translation: it's a strange idea, there - it the oleato. translation: it's a strange idea, there is l it's a strange idea, there is something different about it and, in my opinion, it can appeala and, in my opinion, it can appeal a lot more to foreigners than italians.— than italians. translation: there are — than italians. translation: there are things _ than italians. translation: there are things that - than italians. translation: | there are things that shouldn't io there are things that shouldn't go together but it's good, because i always like to taste something new so for me, it's good — something new so for me, it's good the _ something n

poppy harlow sat down with howard schultz to discuss what the future looks like in both of those countriesu.s. starbucks plays a significant role on the world stage. after russia invaded ukraine, starbucks pull out of russia. >> is starbucks gone from russia for good, do you think? >> i think starbucks is gone from russia for good. a very unfortunate situation. i think we did the right thing. >> in china where starbucks has 6,000 stores and opens a you in one every ten hours, schultz calls the business headwinds unprecedented. as for u.s.-china relations. >> i'm going to say something that will probably be controversial, but this is what i believe. having been to china so often and trying to understand the differences, i don't believe china is an enemy of america. >> you don't? >> no. >> i think china is a fierce adversary economically. >> that's what you said to me four years ago. it hasn't changed? >> china and the united states independently will be better off if we can figure out a way to collectively co-author a global strategy. i don't believe in my heart of hearts that china wants t

the ceo howard schultz says it creates a buttery and melty taste.ching for a sailor who survived a month at sea for nothing but ketchup and rainwater. they want to find this guy and buy him a new boat in thanksgiving for his safe return. >>> the mcdonald's shamrock shake will be available at participating strareaunts nationwide while supplies remain how many times have you heard that "worldwide exchange" will return. >> announcer: sectornomics provided by sector ets i have sleep apnea. couldn't use cpap. now i have this. this is inspire. it's simple... it's just a button. sometimes i press his button. inspire is a sleep apnea treatment that works inside my body with the click of this remote. no mask, no hose, just sleep. we go night-night now. inspire. sleep apnea innovation. learn more and view important safety information at inspiresleep.com. lomita feed is 101 years old. when covid hit, we had some challenges. i heard about the payroll tax refund that allowed us to keep the people that have been here taking care of us. learn more at getrefunds.co

outgoing ceo howard schultz saying a third of its locations in china were closed during the latest covid cfo sat down with "squawk box" to talk about the situation in that country. >> we have every confidence that the head winds we're seeing in china today will lead to tailwinds and that's what gave us the ability to reaffirm our guidance on a full year basis but also gives us a lot of confidence in the growth that we've -- the growth that we've outlined for the years to come >> mike, what is the market's take on this one jo. >> i think it's a little bit, first of all, this is one of those stocks that had performed very well in the last 12 months. it's -- >> 52-week high. >> exactly and basically for the last year it's performed pretty much in line with chipotle so naturally people were in the more stable consumer names not super cyclical so a giveback there and then the story gets refreshed a little bit with a potential china re-opening and maybe currency getting a little easier around the world. so, you know, it's hard to say that there should be a big swing one way or another, trades

starbucks ceo howard schultz called this infusion the next revolution in coffee, but you can also call zoo in austria debuted two round eared elegant shrews this week. you can see there about the size of a ping-pong ball. they weigh a bit more than a ping-pong ball. they are known to be keeping the area very clean. any time they come into water the plants, they say the shrews quickly scatter to repair any damage done. can nobody tame those shrews can make if you have a viral video to share, hit me up @tracegallagheror at "fox news @ night" on social media. our next guest believes the religious revival at >> dana: university in small-town kentucky is not over, it's just beginning. he aims to give that spiritual momentum flowing with a big event in lexington this sunday. with us now, the founder. i just want to know what you think is going on. why are these revivals popping up at colleges across the country and even other schools across the country? >> hey, trace. thanks for having me on. i think you said it right, this revival is spreading. it's bigger than any one location. the same da

starbucks ceo howard schultz said the idea was inspired by a trip to sicily last year, he said he was stunned by the unique flavor and texture of those drinks. infused with olive oil right now. the drinks are only available in italy, but starbucks plans to release the drinks in the united states this spring. one year old child fighting for his life this morning got through a redwood tree and the santa cruz mountains fell down or to his family's home. we have the very latest on the health of the child and on the many other very scary incidents around the bay area caused by powerful winds and the extreme weather. plus we have the latest from san jose on recent attacks on to street vendors. why the police now say the attacks were not connected. from ktvu. fox two news this morning's onto well, good morning to you and thank you for joining us. welcome the mornings onto i'm dave clark gasia mikaelian. it is wednesday , february 22nd. let's get you outside. or maybe give you a reason to stay inside steve paulson. it is a two hands on the wheel kind of morning, especially over the bridges. i

stevens has been listening in on this conference call pippa, what's the latest >> interim ceo howard schultzaddressing the weakness in china. seeing store sales drop to 29% year-over-year he said that was four times worse than what the company had expected in december, as china's covid cases spiked, comps fell 42% but he also said the lifting of china's zero covid policy should mean a return to growth with headwinds shifting to tailwinds. he noted that starbucks saw a, quote, meaningful sequential in sales and traffic in january in the u.s., same sale stores were up 10%, but there was a 1% increase in traffic. schultz noting that weekly sales in the u.s. reached a record high during the quarter. now we're still waiting for any updates on the guidance front. and then, of course, this is also schultz's last earnings call he said they'll take full control of the company shares down 1% right now melissa? >> thank you very much, pippa stevens. and don't miss the first time interview with rachel ruegggeri. did i say ceo? cfo. >> well, i don't listen. >> i know. to me in particular. >> you usually

global battery and electric vehicle prices hiked >>> meantime starbucks' ceo howard schultz speaking to jim cramer on "mad money." here's what he had to say about inflation. >> i'm not worryinged about inflation going forward. i might be the only ceo in america who feels like we'll have a soft landing and are not worried about what the world is saying about rerecession our business is going great around the world we've had inflation, 5% or so. >> we have a new line of olive oil-infused drinks set to debut this spring. it's called oliato with oat milk latte and olive oil topped with golden mill thac will be topped with olive oil as well this will be the most significant thing done in decades. i don't know if you've seen the differential reviews do you remember bullet coffee? they were taking coffee and putting a little in it some say it's fabulous some say you could taste it. others say you couldn't taste it at all someone added it added a certain tech ter to the whole thing to the cove. >> >>, no, no. >> but it's good fat and some people like it, and apparently happened with howard,

international, fell by 13% they were dragged lower by the covid shutdowns in china ceo howard schultz italy. and coming up on "squawk box," the cfo will be on as you will talk about the ceo situation. >>> and kqualcomm shares are don 3% after they missed on earnings they expect an 18% revenue decline for the quarter and weaker demand and lockdowns in china. >>> third up is boeing the planemaker citing supply chain issues those issues will continue especially with production of the 787 and 737 max. andrew. >> frank, we will talk to the cfo in a bit the stock is down 1% on the news out of china for starbucks does it become a reopen play for china or was it and that was disappointing? you talked about the domestic sales. that was remarkable. for every customer going in, it is not actually necessarily hugely more traffic into the stores the stores almost have too many people it is the fact they are able to take more money out of your wallet on every trip i think something about 7% more. the question is how long can that kind of growth continue obviously, we get more sophisticated drinks >

starbucks ceo howard schultz is declining an invitation to appear on capitol hill to discuss his company's compliance with federal labor laws. 11 senators on the labor committee want him to testify at a hearing next month now a general counsel for the coffeehouse says schulz will soon leave the post a ceo and it's best that another senior leader, go before congress. one of the most watched shows on television returns tonight, right here on ktvu, fox two. the excitement of the masked singer returns for the premiere of season nine. actress amber riley won the competition last year. there is a whole new list of celebrities hiding their identities and some wacky costumes. the contestants are new. the judges, though, are all back. it you liked. it's true like that. just read each other's minds without saying anything kind of knowing when the when to speak, when did joke when to kind of piping. there's not a lot of overlap. now there's a new feature this season, judges can save and eliminated performer, the masked singer and ktvu tonight at eight o'clock. pitchers and catchers for the san franci

doug howard schultz is -- this is really his swan song he's coming on "mad money.a big position and read why we took it if you remember the club it was the first to pivot and recognize people don't want willie-nilly revenue growth. they want profitable growth and there's nothing better than profitable growth. >> no. big story in the journal about margins coming down and not impacting the view of stocks that much. >> i will watch you tonight when i get home. >> you'll watch? oh you mean my doppelganger. >> yes last of us. >> but you represent three, right? >> i'm up to date. >> our theory is, by the way, that david is pedro pascal. >> all those years - >> i never watched it and now i watch this show, and i'm like -- looks like a favor. >> i was 15 an i was bernthal. i loved you in - >> mandalorian. >> yeah. it's not easy to wear that thing for all night. >> hard to see i can't -- >> got phased out too soon. >> good to have you back see you tonight. "mad money," 6:00 p.m. eastern time dow down almost 400 to start this week. don't go anywhere. we all have a purpose in

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