kevin johnson, ceo of starbucks.ack to you guys. >> thank you very much at the open we have record highs for the nasdaq and the russell we're watching secretary ross on capitol hill talking about section 301. we'll get to oracle and fedex and g nerkse in a moment. >>> jerome powell said the case for continued rate increases is, quote, strong. the u.s. economy performing very well said growth is meaningly above the long-term trend. the unemployment rate is below the long run level he sees wage growth moderate not all that hawkish on inflation. job market, though, strengthen further. on the markets, he said confidence is become overconfidence and lead to excessive borrowing and risk taking he said the u.s. financial stability vulnerabilities are moderate some asset prices are high by historical standards carl, i hope to learn more from the chair on the issue of monetary policy amid tight labor. he's sticking to his idea. >> our interesting points. thank you, steve liesman this has been a week, jim, where attention is b

kevin johnson is a global consducts company veteran and i think that's why he was brought in here i'm not worried about the valuation at all i think at 23 times 2019 or actually '18, a $65 dollar stock. howard schultz didn't do this to grandstand at a run for president or anything else this company has had a focus on -- there was no racial bias issue at starbucks as far as i'm concerned. i think this is a company that's been out there for a long time and taken a very significant leadership role. because of that, it's a global company that stands on its own without howard schultz i think they'll double their store count and have roughly 600 stores ar through 2022 u.s. margins have gone from 25% to 22% this nestle deal is creative this is just about when were they going to do this. they were prepared for this for a long time. >> let's listen to what kevin johnson said back in december of 2016 this is shortly after taking the reins from howard schultz. >> we talk to each other multiple times a day on a wide rang topic i know one thing every time howard pops his head in, there's going som

kevin johnson's got his chance now.oard, obviously, is supportive of him. >> right. >> at this point i don't know how long the time period is. >> wow >> where they sort of say, okay, it's yours now it's not an easy job, though, to take over for a founder. he was the ceobut so many people sort of, until this departure from mr. schultz had been announced, sort of always considered him still the ceo, even though he chairman. >> well, i think it's important to recall that -- oh, boy, since july of 2015, the stock's done nothing. done nothing >> stock's done nothing? >> nothing. >> yeah. >> nothing at all. now, you could say it was 21,000% up so i do not mean to slam alphabet and remember, it was december of 2016 that kevin moved into the job. but the stock has been an underperformer during a lot of people's span of when they think something should happen, even unds like sour grapes for me that howard's been unbelievable. but it is kevin's chance, but david, same-store sales in the u.s. are -- if it were itraditional retaile

here's more of my interview with starbuck's ceo kevin johnson. let me ask this.bility of the corporate community, obviously starbuck's is taking a stand that could be a model because i don't see a lot of companies even acknowledge bias and racism. what is the corporate citizen's responsibility to deal with this? how do they stand up and become responsible to this issue of racism? >> well, i'll just share kind of my own journey and perspective on this. personally, i would acknowledge that this happens in america. race and racial bias is something that america has been dealing with for centuries. yet i think it was too easy to be on the sidelines and say someone else needs to do something about it. it's now personal for me to take the action to do the right things for my starbuck's partners and do the right things for starbuck's. so by doing this, i have a goal to ensure that we get this right for starbuck' on this journey, and if we do it right, my aspiration is that others can embrace some of the things that we have learned and that we are willing to share with e

. >> reporter: that's right, starbucks ceo kevin johnson presenting at a conference this afternoon. the company breaking quite a bit of news, first lowering their guidance for the first quarter of 2018 to 1% to 3%. he says his shareholders deserve better he is going to fix it. starbucks will be closing 150 under performing stores in the densely penetrated market in 2018 this is up from a historical average of 50 stores in the past beyond that the company announced it will be slowing the licensed store growth and hiring an outside consultant and to help identify areas of opportunity for growth they plan to return approximately $25 billion in cash to shareholders via buyback in dividends through 2020. this is a $10 billion in guidance here's what johnson had to say about returning capital to shareholders after april earnings >> we will stay focused on driving the growth agenda we've outlined and at the same time returning more and more cash to shareholders in the form of dividends and buybacks we think that formula is a good long-term formula for shareholder value creation we've demon

that's a tough time to leave >> well, i think kevin johnson and the team have been at my side now forl very confident in the future leadership of the company. as i said to andrew, there will always be some sickly cat issues but 2008 is not 2018 for starbuc starbucks. we're opening a store every 15 hours in china we have a roastery in italy and new york in september and october. the future of the company is very bright. will there be cyclical changes there will be at times but i'm confident in the long-term progress for starbucks. >> how, by the way, do you think investors should think about the company? stock went down about 1% after your news. there's been questions about almost a hybrid nature of this company now. there's the u.s. piece where same store sales are basically growing at 2% at the moment. >> sure. >> and then there's china which is continuing to grow wildly is this a value play is this a growth play? i mean, for so many years this was a growth story what is it now >> i would bang the table and say we are a growth company that is experiencing a moment in time where u.s.

kevin johnson will present at the conference in boston this afternoon.sing this information we are going through it. big takeaways here, lowered their comp growth projections for q3 2018 and closing 150 stores in the densely penetrated markets in 2019. the stock down 3%. bringing you headlines as we go through them back over to you >> kate, they are doing buybacks, big number there, too, so capital returns >> yes 25 billion buybacks and dividends in 2020. >> thank you very much kate rogers there. shares down 3% on this news. don't miss our interview with kevin johnson at 9:00 a.m. tomorrow on "squawk on the street." mike, listen, you can say, oh, great, not opening as many stores, returning cash, love this why are the shares down 3% >> acknowledgement that they could not get comp sales going again on the current store base. essentially, kind of plays into its -- it's a concession to abiding fears in the north american businesses that said they are cannibalizing, overpenetrated, and raising dividends is great, 2.5% yield basically on current share price,

kevin johnson was presenting it at this oppenheimer conference in boston. they also said they will bring in an outside consultant to work with the company, find areas of growth, but also mentioned in closing some of the stores and cafes that are in these densely populated markets will accelerate u.s. comps which is something analysts are focused on >> steam seems like they're streamlining things, which could be a good thing for investors. >> and another focus is in china. they want to get to 6,000 stores in china by 2020 >> timing is interesting >> that's right. >>> we'll hear a lot more about this particular story coming up later on today starbucks ceo kevin johnson kiting down exclusively with cnbc catch that must-see interview at 9:00 a.m. eastern time later this morning on "squawk box. > >>> up next, big business sounding off jamie dimon and satya nadella coming out strong against the trump administration border policies their comments straight ahead. >>> and oil prices front and center brian sullivan is live on the ground in vienna ahead of that meetin

at the same time starbucks ceo kevin johnson says the company will keep opening new cafis in markets where there's a demand. that announcement shook up investors. starbucks stock was down about 1 1/2 percent in after-hours trading. >>> the cooper cito council has rejected the tax increase. here's the report that the text targets the biggest employers like apple. >> reporter: welcome to cupertino. the home of apple were city officials are considering it making it more expensive for the tech giant to do business here. >> the councilman supports the proposed business tax hike which would affect 30 employers including apple and i don't th enough. it's a good start. expect the council is considering five different models to charge companies between 150 and $1500 per employee generating between four and $32 million. the majority of that would be coming from apple by far the largest employer. >> it's all conceptual. that's the problem. >> the head is against the idea. the proposal is rushed and does not adequately address the transportation problem. >> we are opposed in an acting this now.

was dramatic sales were up 8% in china and then you go to basically no growth what is this stock kevin johnson at scale. what the heck does that mean for valuation? >> i don't know what that means. as i said it earlier in the show, i'm not that bright. you all have come to learn tha over the years and i'll say it again. what i will say is this and we talked about it. at 20 times forward earnings given their growth rate, valuation doesn't make sense tim compared it to mcdonald's. i don't think that's a good comparison that makes markets with that said, if you look where it stopped yesterday, this is where we sort of bottomed out last july. so we talked about it last night. at 52 i thought it was interesting. there you go >> coming up wie incoming, stit boost. we've got all the details plus a trek on our cramer cam all that and much more top of the hour we started making wine in 1948... [sfx: bottle sounds on conveyor] one bottle at a time. today, we produce nearly 20 million cases a year. chubb has helped us grow for the past 30 years... they helped us prevent equipment problems during harvest

stepped down as ceo last april leaving that role to kevin johnson.ore of howard schultz ing his ties. >> starbuck's shares down because of it. >> coming up, facebook is embroiled in a fresh privacy scandal. we have all that the chills -- we have all the details. this is bloomberg. ♪ >> facebook is did disputing -- is disputing a report how it between apple and samsung. it is the latest controversy as facebook and internet companies grapple with backlash over the extent of how they handle user data. for more details, sarah frier, has been following from san francisco. this is an incredible addendum to mark zuckerberg's testimony before congress and before european lawmakers as well. talk us through exactly what the article of facebook does and whether the massive collection is illegal in any way. >> what the article says is that while facebook told us that, in 2014, they stopped any data sharing with third parties, remember, that is how kindreds analytic a scandal happened, they still maintain these these devices including apple, samsung, amazon, arou

. >> reporter: now the focus is on kevin johnson, the company's ceo who has been at the helm since lastear. the two men worked closely together and analysts say th johnson to step out of schultz' shadow. >> i think this will be an opportunity for even to show himself and show heoesn't need to rely on howard and he can leverage the experience and talented the rest of the team. >> reporter: schultz' departure mes at a time when the esmpetition for consumer dollars is fierce as compa from mcdonald's are offering steeper values on coffee. stbucks isocused on mobile as well as the consumer experience with its reserve bar and roastries in seattle and shanghai with openings in milan and new york later this year. in ina, it opens a new store once every 15 houren a big chall on johnson's plate, increasing same store sales in the u.s. which has been stagna j. experts snson needs to focus on innovation and technology. >> i think they need to iron out the mobile order platform and make that -- and improve then experiencee stores. i think once they start to do that, i think that the starbucks brand,

but will take on the title of chairman emeritus, he handed over the reigns to kevin johnson more than a year ago. he originally planned to announce his departure last month but that was delayed due to the pr crisis following the arrest of the two black men at the philadelphia starbucks back in april. shultz won't say specifically what he plans to do although he has alluded to possible public service. there's been much speculation he could run for president in 2020. >> and apple takes the wraps off several new features for iphone and ipad at the developers conference, theware available for devices later this year. apple sayst wl faster and siri getting shortcut features allowing predetermined queries that will launch specific apps. it can suggest you play shorter through a coffee app little bit earlier and ahead of time. apple will provide a summary of how much time you're spending on your iphone each week and will offer apps that help limit those screen times. >> back over to you. >> i like you can facetime up to 30 people or something like that. i'm excited about that one as well. la

kevin johnson, the company's ceo, and you remember i was in this chair a year ago when howard schauultz the reigns a year ago. this is part of a transition that howard says he privately told the brd about a year ago, and schultz will be honored with a separate title, chairman ameritus i want to read you a note to the employees -- i set out to build a company my father, a blue collar worker and world war ii veteran never had a chance to work for together, we've done that and so much more by balancing profitability, social consciousness, rigor, and there's questions about why he's stepping down now, and in the note, he says something that may answer it saying i'll be thinking about a range of options for myself from philanthropy to public service, but i'm a long way from knowing what the future holds. of course, all of this comg just a week after starbucks closed down stores across the country, company owned stores to teach and talk about anti-bias training to 175,000 employees, but there will be a discussion, of course, about whether howard schultz could decide to pursue public office. t

what do you think, do you think it's undervalued >> i thought david and jim had their way with kevin johnson the other day on that call and i don't think it helped investor sentiment. so i like the fact that schultz who just left as chairman and left as ceo more than a year ago, he's got his heir apparent's back. this stock has been an underperformer the last few years. it's been range bound. i think they have been very clear about articulating where their future growth is going to come and that obviously is in china. the news this week is they are accelerating the closure of some underperforming stores here. global same-store comps were much below what expectations were, just about 1%, and here's a company that's been missing their consensus estimates three out of the last four quarters so they need to start seeing some of these tech investments starting to pay off. so i think the ex-ceo and founder schultz says this is all likely to happen in the foreseeable future, so take it easy on our stock a little bit this may take some time. we have a one-year chart this is going to help inform the

kevin johnson took over.schultz is really focusing on a couple kind of -- i don't want to say pet projects, but specific focused projects. one was polio. another was an italian bakery he was really into. also expanding what is called the grocery, they're kind of their kind of- superpremium willy wonka experience. there is one in shanghai, one in seattle, and they are expanding. ramy: it's a quite cool thing to see it all. willy wonka-like. it will be strange to not say tz, to identify that was someone else. another will take over as head of the board. what do we know about him? from a longmes history in that retail industry, been involved with jcpenney, and things like that. he has been on the board as well, so it's more of a continuation of what has already been there, but unless public name. howard schultz has made a really big -- he has been the face of the company for so long and the face of a socially responsible company for so long. he's been very public and his persona. and both on the board and with t

is it under valued >> i thought david faber and jim cramer really have their way with kevin johnson on the call i don't think it helped investor sentiment. schultz who just left as chairman, left as ceo more than a year ago has his air a parents back this stock has been an under performer the last few years it's been range bound. they've been very clear about articulating where the future growth is going to come. that is obviously in china the news this week is that they are accelerating the closure of some under performing stores here the global same store comps were much below what expectations were just about 1% and that here's a company that's been missing their consensus estimates 3 out of the last 4 quarters they need to see some tech investments starting to payoff i think the ex-ceo and founder schultz this is all likely to happen in the foreseeable future so take it easy on our stock a little bit this may stake some time i want to have two quick charts here we have a one-year chart this is going to help inform the trade. the stock really broke down in the mid 50s here and i thi

kevin johnson raised an issue to investors that analysts say it may also be the high price of the drinks well as competition. coming up, elon musk seeks revenge on the tesla employee says try to sabotage the company. president ronald reagan suddenly found a star. details on who landed the role of the gipper will have them. u.s. stock index futures now. let's take a look. dow points of the 97 points lower. the nasdaq down 12. i was hoping for something better. you are watching "fbn:am." ♪ to your bumper, cause.... i don't think enough people heard about your big day. but nothing says "we got married" like a 12 ounce piece of scrap metal. yo! we got married! honk if you like joint assets. now you're so busy soaking up all this attention, you don't see the car in front of you. and if i can crash your "perfect day", imagine what i can do to the rest of 'em. so get allstate, and be better protected from mayhem. like me. >> welcome back. let's get you caught up on what's happening now. the dow industrial average points opened on 99 points. the nasdaq down 14. after such a nice day yesterday t

howard schultz step down as ceo last april, leaving that role to kevin johnson.howard schultz cutting his ties. , a titana 64-year-old in the industry. starbucks has been under pressure in terms of sales and socially. it closed a thousand stores just to have sensitivity training. bush is stepping down after facing allegations of misconduct involving women. for alears the way potential sale of the $6.3 billion company. elliott management proposed buying athena health early last month. elliott has made a bid for the company. do you think that makes the most sense, or do you think a strategic buyer comes in here? >> i think $160 is the downside on the stock. i think it makes a lot of sense for a strategic buyer to come in. athena health is an asset that is really unique in the health care world. their software application is in front of doctors eyeballs in 100,000 offices around the of whereground zero health care decisions are being made. the likely buyers would the big tech companies. i think athena is a software company, and the likely bars would be software comp

if you believe in what kevin johnson is talking about, look, short, young china and buy young. but that hasn't worked they're the same exact price we've had a lot of stocks in technology just soar i think they can give it back. we've been looking at 12, 13 times sales for the new ipos those seem excessive but again watch call coqualcomm the banks get hurt because people sell the banks. no matter what any time there's a slowdown. what arnie said. any time there's a slowdown, people sell the banks. marriott has some exposure to china. >> yeah. especially in china. >> yeah. huge boeing has exposure but boeing would tell you boeing needs china more than china needs boeing i'm looking at united technologies, that to me is bedrock. otis is so clear but the same time you know as soon as that rockwell collins deal closes, you'll get a split up. >> most likely i think many people expect you'll get a split up. >> yeah. what do you do that's the toughest one. >> right. >> that's the toughest one because otis is 600,000 elevators. >> yeah. >> real china. >> people are going to be focussed

looking at me like i'm from planet -- >> i'm trying to think through the implications if you're kevin johnson you encourage this it's another strong voice or whether it's getting in the way of your message. by the way, this is not necessarily central to what you're talking about here. >> you said kevin is not here. i thought it was important to point out that here is a guy from the beginning who is saying something highly unusual. >> that's a good question then everything you know and what you've heard from mr. schultz and the 12% decline of the stock price and with our no-pass interview given to mr. johnson the other day. do you buy starbucks here? >> i don't particularly like this segment of the economy. >> you're not playing in this at all. >> no. i don't. and i think that the stock would be down regardless maybe not down this much but, you know, look to be bear dunkin' donuts has negative and that stock is on fire. >> somebody delivering alpha. >> yeah. it's alpha alpha. >> yeah. as we pointed out, typically that's been the better bet to go the other way. >> macy's they had the two for on

kevin johnson is sitting down with cnbc.hat interview will be on "squawk on the street" at 9:00 a.m. eastern time. >> wow we're following a developing story on immigration big business now weighing in on the trump administration's controversial border policy. jamie dimon in an internal memo to employees obtained by cnbc said separating children from their parents is cruel and contrary to american values. dimon said his heart goes out to those impacted satya nadella sending a letter to his employees calling the policy abhorant and cruel. let's get to washington for more on president trump's trade agenda kayla tausche has more >> immigration is engulfing the focus of the white house now and today it will continue its sales pitch on zte with republican lawmakers midday many of whom believe zte is a national security threat despite the administration securing a deal to enforce some new restrictions on zte but overall restore its business more than a dozen lawmakers plan to attend. the senate overwhelmingly approved a measure tha

is a new era as schultz steps away from the brand he made into a household name all eyes are on kevin johnsonompany's ceo who has been at the helm since last year. the two worked closely together and analysts say this move presents an opening for johnson to step out of shuttle's shadow. schultz's departure also comes at a time when competition for consumer dollars is fierce as companies from dunkin donuts to mcdonald's are offering steeper values starbucks is focused on mobile as well with its reserve bars in seattle and shanghai with openings in milan and new york city later this year starbucks is also in the midst of an ever growing push into china where it opens a new store once every 15 hours. a big challenge right now is increasing same store sales in the u.s. which have been stagnant experts say johnson really needs to focus on innovation and technology to move that forward. starbucks also cut its guidance and announced that it will close about 150 of its underperforming u.s. stores in 2019. that is about triple the number it typically closes in a year, a move johnson says will elevate

that but when i look at this brand and their opportunity and their footprint kerve johnsjoh -- kevin johnson is the ceo, i don't think howard schultz outside of the vision is the guy that has been running the show day to day anyway. >> i get your point but the context of the stock's move or lack of movement is that we're in a market that is -- the nasdaq closed at a record high we're at record highs effectively on the markets and starbucks hasn't been able to trade along with it. >> but look at what mcdonald's did for years, look at what coca-cola has done it's not a tech stock. >> but coffee has been underperforming so dunkin' donuts has not performed year to date as well so i think it's the rotation out of this space but i do believe he's been the spearhead, he's been the tip of the spear for this company and without him i thk it outperforms more so than dunkin' donuts. >> i don't agree i thinn telegraphed a while. talk about the stock having underperformed since he's been in this role, the chairman's role so him leaving the chairman's role to me doesn't signal a big move. >> i think that

i want you to listen to starbucks ceo kevin johnson on an issue we heard a lot about during the obamacolor blindedness. take a listen. >> this is the beginning of our journey. and we have steps that will follow this. in fact, we're working on additional content and module we'll roll out the each month or the next 12 months. i see this woven into the fabric of how we operate as a company. >> that's fine. i'll read the clip, this term called color blind was a growing behavior pretending to make race. and that's ceo kevin johnson as a person of color, you're noticed. >> right. everywhere you go. it doesn't matter if i'm in a coffee shop. a mall, if i'm the minority, you notice it. and racism isn't calling somebody the "n" word. it's subtle. it's micro aggressions. >> you have a new one you're forming today. >> it's privilege to progress. what we realized, when people who have privilege use it for the greater good then it makes a difference. when i shared that video, it, you know, broke through the segregated network. so, if more of us do it, then we can get more attention and more change

kevin johnson says they're going to close 150 stores.uidance saying they're only doing a 1% u.s. comp. take a listen to some of this interview from today >> i wonder whether -- would you have been able to make the announcement you did yesterday without howard shultz planning to leave the company in ten days is it drawing a line is it saying even though you've been ceo over a year, this is the kevin johnson era? >> this is where i'm taking the company. and, you know, whether howard's here or not, i'm the ceo and i'm accountable for that >> well, howard's not here anymore. you're in charge he's not going to be next to you anymore doing these interviews he's gone. i don't know what he's going to do does it change the way you operate? >> well, not necessarily i'm accountable for making the decisions in the best interest of starbucks d i've been doing that since day one. but this is an inflection point. >> david, how much pressure is on him now after the share performance today? >> yeah, listen. it's an inflection point not necessarily a good

i think that multiple isn't deserved kevin johnson gave a long chat where he didn't have a chance toionalize a lot of these u.s. comp numbers that knocked the stock down dramatically so there's no reason to me, you're selling starbucks. i would be owning starbucks over dunki dunkin'. >> this is david versus the goliath? why is the incredible hulk -- put that graphic up again. that's the craziest thing. >> that looks like a transformer. >> creature from the black lagoon. >> the crack staff could have -- they should have got an biblical david and goliath. i like dunkin' better than starbucks. starbucks is up against it, i get the valuation story but valuation story might be rich given their growth so i'd rather be dunkin'. >> karen, etsy is the underdog, amazon is the top dog. david or goliath >> i have to go with goliath mathematically they're difficult to get behind on a valuation basis but if you think about it goliath has so many more resources plus it's more divorce phied. it's not that i don't like etsy but i think all right, there was a freak accident and david won overall, thou

company he helped grow into the world's largest coffee chain schultz handed the role of ceo to kevin johnson in april last year in order to focus on social impact initiativ and expanding the company's high-end stores. schultz will also step down from the company's board. his resignation has sparked speculation that he may run for public office after years of rumors about his presidential ambitions. in a memo to employees, schultz said he was mulling a range of r his future from philanthropy to public service but gave no other details. here's a look at shares in starbucks. they fell as much as 1.4% in extended trade after the news hit but closed the after-hours session off that low. >>> andrew ross sorkin will be speaking exclusively with schultz later today. that's coming up at 1400 cet schultz has also played an active role in politics in recent years head to cnbc.com for more on his potential political aspirations. you can also e-mail the show, streetsignseurope@cnbc.com and i'm on twitter this morning. my handle is @cnbckaren. get in touch. >>> coming up on the show, apple shares hit a re

. >> you recently sat down with kevin johnson, the ceo of starbucks. >> i went to seattle last friday met with him and howard schultz and i asked him would he do an interview that i could confront him on is this a one-day feel good thing and let me show you what he said about some of this. people don't understand that when you are black in america, women, you have to get up in the morning and get yourself geared up for a different environment. that you're going to be looked upon as a suspect rather than a customer. you're going to be facing all these things and the anger and the resentment that builds up even subconsciously comes in and then you're facing people who have inbuilt fears and warning signs and collisions are going to happen until we deal with the root cause of where all of us come from, which is a culture of race-based prejudices and presumptions. >> well, that's one of the learnings that we have woven into this is the term "racial anxiety" and how that affects different people and different races in different ways. being able to have those conversations and being able to

business is booming overseas, and ceo kevin johnson says china remains a bright spot. >> we are activelytunities in other markets. converting those markets to licensed, we also invest in capital to acquire 100% of our venture, and that is the recognition that we have a phenomenally significant growth opportunity ahead in china, and the best way to capture that is to unify mainland china as a company-operated model. dynamic semiconductors says it is proceeding with plans to take over a company with a heavy dependence on apple. the british company says it is conducting due diligence, and there was an early report from bloomberg news that said it would primarily be paid for by cash on the balance sheet and debt. extended trading tuesday. companies may take a hit as the trade were between washington and beijing accelerates or escalates. "the new york times" reporting that president trump assured apple ceo tim cook the u.s. would not be placing tariffs on iphones. however,trump's -- however, advisor, hetrade said else. this is key. >> peter navarro has said he does not know, and this really t

business is booming overseas, and kevin johnson says china is a bright spot.y: jefferies group's two major businesses are moving away from each other, highlighting the transformation into a dealmaking shop. fixed income trading revenue fell 23% from a year earlier. security sales increase for the seventh time in a row. jefferies has been building up its advisory and underwriting businesses. coming up, the commodities route deepens among with the trade standoff between washington and beijing. soybeans leading the slump. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. it is; the 7:30 a.m. -- 30 a.m. in hong kong. we did see a pretty brutal day yesterday making below 30,000 on the ha

kevin johnson putting his team ago the over there shares are near a three-year low after the guidancelast week. >>> when we come back, a big morning in media details on disney/fox. we'll talk to the ceo of bj's wholesale exclusively as his company is set to go public at the nyse pricing at the high end of the range dow coming off the lowest close since may 3rd. s&p lower since may 39 we're back in a minute still a chance here. it's willingham, edge of the box, willingham shoots... goooooooaaaaaaaallllllll! that...was...magic. willingham tucks it in and puts the championship to bed. sweet dreams, nighty night. as long as soccer players celebrate with a slide, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. pressure, what pressure? the players on the... >>> amazon stirs the pot again buying pillpack which delivers pre-sorted medication that has cvs, walgreen's, rite aid and some of the distributors, we are "back with "squawk on the street" in just a moment starting a business is expensive. that's why many entrepreneurs

in a statement, starbucks president and ceo kevin johnson saying, our recent performance does not reflecte need to move faster to meet the changing preferences and need of our customers. >> starbucks is going through growing pains right now. what the ceo is saying, is starbucks is facing challenges with their own customer and with the consumers at large. >> reporter: like many companies, starbucks is putting a renewed focus on its digital platform. 39% of sales last quarter came from its loyalty program and mobile app. and starbucks says, it's added 5 million new online customers since april. but it's been a rocky few months for the coffee giant. this month, howard schultz said he would step down after executive chairman, after 30 years of making starbucks a household name. that move coming just one week after starbucks shut down all 8,000 of its u.s. stores to provide employees racial bias education. >> what did they do? >> reporter: after the april arrest of two black men inside a philadelphia store. >> no longer. >> reporter: prompted accusations of racism. >> what happened in a way th

i'm so glad the chairman of the ways and means committee, kevin brady, as well as mike johnson from louisiana, could join us this morning to further highlight the impact in america s well as in their district. mr. brady: thank you, kathy. x months ago, republicans in congress joined with president trump for the most sweeping tax cuts and redesign of our tax code in a generation. we were determined to make sure our families and local businesses kept more of what they earned. we redesigned the code so our local businesses and local workers can compete and win anywhere in the world. especially here at home. we created tax code built for growth that leapfrogs america back into the lead as one of the best places on the planet for the next new job, next new manufacturing plant, the next new headquarters. so to show you the difference between then and now, we have gone from a nation that is asking where are the jobs, to a nation asking where are the workers? main street is roaring back. growing and hiring. businesses are bringing their dollars back from overseas and investing in america again. famil

. >> you just heard from kevin durant, two-time mvp, and speaking of mvps, we got whit johnson here with us. >> welcome. >> keeping the seat warm for mr. n harris this morning. it's great to be here. thank you. > great to have you. congratulations to your team, you're a california guy. >> california guy. i'm moving here from l.a. to new york but originally from the bay so give it up to the warriors. champions once again. relishing in the victory, the warriors putting on another stellar performance winning their third nba championship in four years. >> can we call them the "d" word, the dynasty? >> i think so. >> do you think, ron? >> we're ready for it. >> i think so. >> the win happened in cleveland but your fellow warrior fans watched the game back in oakland at oracle arena erupting as they claim the title and outside look at this, the party just continuing. it was all part of a massive celebration. >> absolutely, and then check out the bottles of the high-priced champagne that were readied for the winners. that was put to good use in the warriors locker room, the players drenching th

johnson kim jong-un. watch live on c-span and c-span.org. or listen using the free c-span radio app. >> house majority leader kevin mccarthy and democratic with steny

johnson kim jong-un. watch live on c-span and c-span.org. or listen using the free c-span radio app. >> house majority leader kevin mccarthy and democratic with steny hoyer discuss the schedule for the house next week which will include more than 60 bills in the upcoming weeks dealing with opioid addiction. this is about 30 minutes. the speaker pro tempore: without objection. mr. mccarthy: on monday new york votes are expected in the house. on tuesday the house will meet at noon for morning hour and 2:00 378 for legislative business. votes will be postponed until 6:30 p.m. on wednesday an thursday the house will meet at 10:00 a.m. for morning hour and noon for legislative business. on friday the house will meet at 9:00 a.m. for legislative business. last votes of the week are expected no later than 3:00 p.m. the house will consider a number of suspensions next week a complete list of which will be announced by close of business today. all of these bills will be focusing on one thing. fighting our nation's opioid epidemic. mr. hoyer: mr. speaker, i can hardly hear the majority leader. the speaker pro tempore: the house will be ined or every. -

johnson. she's focusing on a new case. kardashian asked virginia governor jerry brown to take a closer look atas thee of kevin cooper a manted of a grisly quadruple homicide from 1983. experts have questioned hisl role in thene murders. >>> up, a former jeopardy wi whose 2012 streak record for a female contest at the time might go to prison next month. 48-year-old stephanie jas of michigan pled guilty to hacking. this week t seven time jeopardy winner talk history at the michigan college whereto she snuck inhe e-mail accounts of other professors, administrators and students. one of her colboagues told officialut it. she was fired. she could get to five years in prison. >>> next up remember dexter the peacock? he's the fine plumed elegant peacock denied entr on a flight. dexter was invited to a wedding in new jersey last month.according to the new york times theom bride and gro arranged to have dexter strut arnd the reception. guests got to get toei have th pictures taken with him. >>> u haven't seen washington capitals bobbleheads qui like these. an ashburnginia company called bobble house is making some clever bobblehead

johnson regains the number one ranking with the win. >>> nascar in michigan, race delayed two and a half hours due to rain. lap 126 clint boyer he's able to pass teammate kevin time at michigan and second time for the season. they're here in the bay area in two weeks. >>> the only way the women could take the title of the ncaa track and field championships was to win the last event the four by 400 relay. they were running far behind the leader perdue. then kendall ellis put her name in the record books. >> perdue is going to win this. >> here comes usc. >> they're not going to catch perdue -- oh, my goodness. look what's happening. usc wins the women's title in the last meter of the four by four. >> usc won the national championship by .07. her split was so fab it would have earned her the individual title every year since 1984. this abc sports report is brought to you by river rock casino. you didn't hear the two commentators, perdue has this race, they have to drop the baton. no one expected that. >> no. >> as soon as he said that. >> you heard that, usc won't catch them. >> do you think she had any idea she was coming up up on her? >> no. i think perdue t

kevin mccarthy here in b tutiful lakeahoe for the movie bad times at the elroy. i'm sitting down with the entire cast. i cannot wait to geek out with jeff bridges daka johnsoncomes out later tths ese are early interviews and i'll have them coming up on fox5. also want too over the box office. jurassic world crushed it with $1 million estimated at the box office. it h opened up in some foreign markets. it has made 7-eleven million dollars worldwide so far. incredible two continues to crush at the box office with $80 million this weekend bringing itsal to well over $450 million worldwide so far. i'll be live with you guys later on this morning coming up in the 7:00 a.m. hour u'll see my interview with josh brolin for "sicario." i'll be live from lake tahoe so stay tuned. miss y a guys love you guys in the studio but i'm here in lake tahoe. kevin mccarthy fox5 local news. >> that is so pretty. >> it'sck on met list. >> kevin is in tahoe and we'll headed to silver spring. >> sounds fair. >> it's advantage us. we'll be zip tripping to a community manyayf you m have heard about but never wen to.wei world. allison going to go. tony tucker a erin, everybody is goin

kevin durant, what a game. you can find me all day long on twitter. i will not be here at 11:00 with my partner ali velshi because i'd love to interview alice johnson.e to pick up my daughter. it's her last day of school. now i hasn't you off to my friend hallie jackson. >> school is out, summer. love that. >> pre-kindergarten is over. >> i'm done too. i'm good for the summer. we're just going to go to the shore. >> you know me, all summer long, let's do it. >> i'm in. thank you, steph. i'm hallie jackson where the world stage belongs to donald trump, to shinzo abe of japan and rudy giuliani of brooklyn because you seem to have rudy going rogue telling me he doesn't regret any of his recent rema remarks including slamming stormy daniels about being a porn star and what kim jong-un did to land that sit-down with donald trump. that's why the minister is coming here for the abe lobby as he tries to make sure he is not cut out of those talks and that great grandmother pardoned by president trump. alice johnson now free, now talking, look at that emotional reunion. we'll show you her message to the president, to kim kardashian and other people just like

she got to alice marie johnson out of jail serving a lifelong sentence for a non-violent drug offense. she is on to the case of kevinart: if you can get to the president he can change things. ashley: yes. stuart: fascinating. good stuff. >>> president trump versus the philadelphia eagles. the owner of the chicago cubs, todd ricketts on this program said the president should reinvite the eagles to the white house. he says they should go. the question, what does former super bowl winner joe theismann think about that? he will join us in our next hour. >>> apparently there is such a thing as gaming addiction disorder. so says, i don't, the world health organization says yes, it's rule. we'll see what doc siegel has to say about that because he is next on the show. ♪ at&t provides edge-to-edge intelligence, covering virtually every part of your manufacturing business. & so this won't happen. because you've made sure this sensor and this machine are integrated. & she can talk to him, & yes... atta, boy. some people assign genders to machines. and you can be sure you won't have any problems. except for the daily theft of