is not the rap that i'm getting from anyone else joining us now, first on cnbc, starbucks ceo kevin johnsonalways is great to see you. but i that i you were too optimistic last night i don't think you can get that bounce back please explain how you think that we can return almost to normal in the era of covid >> let me share with you what gives me great confidence if you look at our u.s. business, we were at minus 65% same store comparable in april of this year, and five months later, in september, we posted a minus 4% in that minus 4% number in the u.s., it includes 3% of our stores that are still closed which is about two points of comp now you're within striking distance of getting back to fully recovered. take china china had 90% of our stores closed in the month of february, china posted a positive comp in the month of september so as we have reopened stores, using these new store protocols that provide a safe, familiar and convenient experience for customers, customers are coming back and so we now have built resilience into the operating model, we know how to operate in the covid env

they owned up 480 new net stores even in this environment on the call kevin johnson said he's feeling optimistic about 2021 and long-term success at the company. five months ago sales were down 65% at the height of the pandemic people are placing orders in drive through. they say they are seeing an outpaced recovery on the weekends solidly positive for drive through in q4. they are projecting sales growth between 18 and 23% and -- all of those were a bit better than expected. the stock is up just over 1% >> tim, why is the stock down? >> i think people are looking like them the first few weeks of covid. who is going to come out of this better than starbucks. global comps 18 to 23. starbucks is set up well >> if we are going to talk about fast food, the technology, the benefit of having a heavy technology investment, this is one of them. >> people are too focused on the first quarter. it is optimistic you take the mid point of the guide, you talk about starbucks trading at 31 times. tim can echo it seems expensive, probably isn't it has to get above 91 then you will probably challenge

the early launch of pumpkin spice latte in august also fueled sales kevin johnson will be on "squawkn the street" at 9:30: a.m those pumpkin spice lattes, they are like $6 for a psl these days. >> luckily i'm not a psl type person, but i have my coffee next to me >>> now the highly anticipated ipo by ant financial, demand for the chinese tech giant is at a fever pitch right now with a key focus on payment technology. eunice yoon is joining us with more on that big financial offering good morning, good evening >> good morning, dom you know, the order books are all completely closed as of today and the shanghai portion is oversubscribed by 872 times, hong kong 150 times. investors are betting big on the app that is really all things financial for the chinese. and earlier today, i spoke to one businessman who said that his company probably wouldn't be around if not for this app >> reporter: he says his noodle chain could have gone under if it hasn't been for this app. after getting nowhere with the traditional banks for financial help, he applied for a $3 million loan with ant alipay he

i think there is a fundamentally kevin and boris johnson and want to deal but however the big questionow is are we going to move into the tunnel? are we going to move into the next stage? we had a glimmer of hope not long ago when they said they were going to intensify talks. obviously last week that all fell down dramatically with uk side accusing them of not intensifying anything. and still sticking to their points. to the big news is that to the table again the eu has essentially acknowledged they will also need to compromise —— i think the inclination is that will bea think the inclination is that will be a deal of some sort probably —— it's looking positive today. susie the independence the fear violence ate rather worrying this kind of worrying thing prediction there the independent has found? yes, the independent has found this poll that people very very soon. it sort of feels really close and could potentially spark violence. there's sort of a number of different reasons for this. if you bury down and look at the story in more detail and look at the story in more detail and one

viewed as positive how that can be viewed as positive is fanciful but at the same time, kevin, kj, kevin johnson some things to make it so they are taking advantage of all those areas that you see where it says they're kind of boarded up or there's no tenants they can go in and do fast line so that you no longer are going to be cut by the people who have the app. so, there will be two -- watch for two starbucks on one street. that could happen, carl. good stock >> looking at sectors this morning, jim financials up a full percent energy is doing pretty well. i saw wti up about 4%, jim i don't know, does the president's recovery and we're all hoping that is exactly what happens means that lockdown easing continues or even accelerates? >> that's the way it's cutting now, i think those that are buying the oil stocks, once again, and look, too much oil. you can play that. you can say, listen, 40 bucks. it's time to buy these that has certainly not been the case with parsley energy, pe and chevron. i'm still waiting for exxon to do what i expect which is dividend be slashed. but i do think that hope s

ceoing me now is starbucks kevin johnson, alongside "balance of power" host david westin. recovery is the buzz word for starbucks right now, as of much of the rest of the world. give us where you are in their care every -- in the recovery now at starbucks. kevin: at the low point in april, our u.s. business was -65%.g in the month of september, we comped -4%. we still had 3% of our store closed, which accounts for probably two points. infrom -65 percent to -4% five months. china and the month of february, we had 90% of stores closed, and in september, they posted a positive comp. has held up faster than we thought. we did implement all of these new protocols in our stores so we can operate in a safe way, even with covid. we are focused on those experiences that customers are seeking right now, which we characterize as safe, familiar, and convenient. that has fueled our recovery. to andthe goal is to get past where you are before the pandemic, as for all of us. you are projecting in 2021, you will get there. does the world have to get back to normal for that to work to you,

kevin johnson wants the starbucks shareholders to know that they are confident and focused on value creationnd increase meant to send a message it will create value for all stakeholders yesterday i found is quizzical that an analyst upgraded the stock. >> cowan. >> i think this is the kind of sign that you are getting. conagra which we can talk about later boosted the dividend substantially, by 29%. and what's happening, david, is there are a lot of companies that don't know how to show that they are doing well in the period that is corona and the way to do it is to give you a dividend increase because that's something -- you don't do that -- very strong statement, very strong by starbucks, a lot of people worried about united states, i think you shouldn't, i think starbucks is reinventing themselves they've had problems with lines, there are so many vacant spaces, david, you said it's the roaring '20s in new york but there is a lot of vacant spaces. >> there are a lot of vacant spaces i'm just trying to point out there is a lot of life as well no tourists so it is all new yorkers. vacant sp

choose between working there shift or voting either on or before november the third, starbucks ceo kevin johnsonection is a reminder that we as citizens play an active role in our society by simply getting involved in voting and he also added this, one way for you to be heard, is how democracy works. also by the way, the company is also providing resources and information on how and where customers can register to vote, that's by starbucks. stuart: a civics lesson from starbucks, why not. we are going to show you new york city, still pretty quiet, by the way governor cuomo wants to start shutting down nonessential businesses in some neighborhoods in the city to businesses are furious, we will tell you all about that, first martha maccallum, and salt lake city for the debate she will preview what was going to happen tonight and she will be on the show. ♪ you know, malcolm audible's got more than audiobooks. of course, podcasts. originals. bestsellers. future bestsellers. sleep stories. malcolm! the most inspiring minds. the most compelling stories. all in one place. audible. stuart: into raleigh

[applause] also with us, senator marsha blackburn, mike braun, bill cassidy, kevin kramer, ted cruz, steve daines, ron johnsonngford, mike lee and martha mcsally. and i hope i didn't leave anybody out. [applause] and a very special thanks to our great vice president, mike pence. thank you, mike. [applause] also, i want to thank white house counsel, that si pat said i want to welcome justice barrett's husband, jesse. thank you. [applause] and we also recognize your seven beautiful children who become just very, very popular in this nation. people have been watching them and loving them and they are watching right now back home in indiana. thank you very much. [applause] i speak to everyone when i say the barrett family has captured america's heart. it's highly fitting that justice barrett fills the seat of a true pioneer for women. justice ruth bader ginsburg. tonight justice barrett becomes not only of the fifth woman to serve on the nation's highest court, but the first mother of school-aged children to become a supreme court justice. very important. [applause] over the past few weeks, the entire world has s

[applause] also with us, senators marsha blackburn, mike braun, bill cruz,y, kevin cramer, ted steve daines, ron johnson and make sally. i hope i didn't leave anybody out. [applause] thanks to ourcial great vice president, mike pence. thank [no audio] [applause] pat cipollone, thank you, pat. [applause] and very importantly, i want to welcome justice barrett's husband jesse, thank you, jesse. [applause] thank you. we also recognize your seven children, your great, beautiful children who have become really just a very popular in this nation. people have been watching them and loving them and they are watching right now back home in indiana, thank you very much. [applause] i speak to everyone when i say that the barrett family has captured america's heart. it is highly fitting that justice barrett fills the seat of a true pioneer for women, justice ruth bader ginsburg. tonight, justice barrett becomes not only the fifth woman to serve on our nation's highest motherbut the very first of school aged children to become a supreme court justice. very important [applause] . over the past few weeks, the entire w

next year as quarterly earnings and revenue beat street estimates stock off 1 1/2% don't miss kevin johnsonk on the street" at 9:30 this morning. stay tuned you're watching squawk on cnbc >>> squawk ceo call is sponsored by truist securities experience expertise >>> welcome back to "squawk box," we have been watching the futures on what has been a long week for bulls in the market, it is getting longer on this friday dow futures are indicated down by 262 points, believe it or not, that's not the worst levels if you were up early, you saw the market down by 500 points. down by less than this, half as much as we are now it has been a long week, and you have seen a lot of declines. the declines in the futures are more than the gains that the dow made yesterday three sessions before that, lost a lot of ground. s&p is indicated down by 31. the nasdaq off by 132. we'll see how things shape up as we get closer to the opening bell let's also show you big technology names once again. many of them playing into this morning' premarket decline after earnings last night. apple down by 3.8. amazon off by

jon: tune in with maria bartiromo and ron johnson and kevin mccarthy and donald trump jr. 10 a.m.rn right here on fox news channel. so president trump will soon be speaking at his second campaign rally of the day. we will bring that to you live as soon as it begins plus -- the bay area get away. what a surge in people moving from san francisco has done to its housing market. jon: as you well know wisconsin is one of the states that helped deliver the oval office to candidate donald trump last time around. against hillary clinton he won that state by a whisker. but he did not win the janesville, wisconsin area enthough paul ryan former speaks of the house represented that you're so the president is on the ground right now in janesville helping to turn that situation around this time. he's about to begin another one of his rallies. the president on the ground in janesville, and we'll be carrying his remarks live. we just heard from the president in michigan where he went on a tear about joe biden, the current controversy over joe biden's son hunter his relationships with some of the

tom: kevin cirilli, thank you so much. boris johnson is 56 years old. the president is 74 years old. every medical authority we have says age is the key determinant with weight. jonathan: they have said that repeatedly. i think kevin is right not to delve too deep into the realm of speculation. the key difference is that the prime minister, for a while, actually carried on working from his office. it was only a couple of weeks later that he deteriorated. i don't think you can guess what is going to happen in the next couple of weeks. what we do know is the president will be quarantining. what that means is he won't be able to go on the campaign trail where he had planned over the next week. what does this mean for the campaign? what does this mean for the price action in the fiscal talks? lisa was right to bring up the other people in the administration, have they been tested. the likes of secretary mnuchin, white house chief of staff mark meadows. the people that have been negotiating with nancy pelosi. for that reason, this market does not know what to

and senator johnson's report went by kevin -- his legal name is [interesting] i and disclosed what wasn, we were saying this was going to be funded. i was at the end of my rope. and in september, easily validated. it's officially announced, that the cfc is buying 14% of rows enough of the state owned energy company. at that point i pushed away from the table, the money hadn't been funneled, and i was having daily discussions with james gilliard -- what's going on he here? the biden name, russia, china, i don't want to be anywhere near this. i have to understand all the moving pieces. and so we went into the fall of 2017 very well documented when patrick, who was an employee, he was detained by the u.s. government and put in jail for corruption apparently for leaving shoe boxes of cash due to african presidents. and it started this downward spiral of the cfc as a company. remember -- it was the capitalistic side of the capitalistic government doing things d they could on the capitalist side that the government couldn't get done. it's very well documented, the work that cfc did in the mi

also with us, senators marsha blackburn, mike braun, bill cassidy, kevin cramer, ted cruz, steve daines, ron johnsonmes lankford, mike lee, and martha mcsally. i hope i didn't leave anybody out. [applause] and a very special thanks to our great vice president, mike pence. thank you, mike. also i want to thank white house counsel pat cipollone. thank you, pat. [applause] and very importantly i want to welcome justice barrett's husband, jesse. thank you, jesse. thank you. let me also recognize her seven children, your great, beautiful children. they become really just very, very popular in this nation. people have been watching them and loving them. they are watching right now back home in indiana. thank you very much. i speak to everyone when i say that the barrett family has captured america's heart. it is highly fitting that justice barrett fills the seat of a true pioneer for women, justice ruth bader ginsburg. tonight justice barrett becomes not only the fifth woman to serve on our nation's highest court but the very first mother of school-aged children to become a supreme court justice. very imp

melania trump a speedy recovery following their diagnosis among the 1st was a promise to johnson was treated for kevin 100 in march he says he has. no doubt trump will make a strong recovery in what the french president posted a photo of this handwritten note to social media telling the president to stay strong the north korean leader kim jong un and chinese president xi jinping also offered their sympathies according to the country's state media agencies president trump has repeatedly said the u.s. has turned a corner when it comes to covert 19 but he was just one of more than 54000 people who tested positive in the u.s. on friday and at least 800 more people died cases have been going up in at least 33 states as well as pressure rico since late august. i said more about that with eric highlighting and if you don't know and just and senior fellow at the federation of american scientists thanks very much for being with us so what do you make and keep the latest. information we've had of a condition and perhaps an certainty about when he was actually diagnosed. you know this information has a lot of ep

senators marsha blackburn, mike braun, bill cassidy, kevin cramer, tate cruise, steve daines, ronjohnson, cramer, tate cruise, steve daines, ron johnsonsally. i hope i didn't leave anybody out. and a very special thanks to our great vice president, mike pence. thank you. also, iwant president, mike pence. thank you. also, i want to thank pat super loanee. thank you. and very importantly, i want to welcome justice very importantly, i want to welcomejustice barrett's husband. thank you, jessie. we also recognise your seven children, your great, beautiful children, your great, beautiful children, who have become very popular in this nation. people have been watching them and loving them and they are watching right now back home in indiana. thank you very much. i speak to everyone when i say that the barrett's family has ca ptu red that the barrett's family has captured america's heart. it is highly fitting that justice barrett fills the seat of a two para nearfor barrett fills the seat of a two para near for women “— barrett fills the seat of a two para nearfor women —— pioneer. justice ruth peter ginsberg. tonight, justice barrett becom

thank you also with us senators why schip blackburn might braun bill cassidy kevin kramer ted cruz steve de needs ron johnson james lankford mike lee and martha mc sally and i hope i didn't leave anybody out thank you and a very special thanks to our great vice president mike pence thank you my thank you. also i want to think what has cancel pat simple any thank you pat thank you. and very importantly i want to welcome just as parents has been and jesse thank you jesse. thank you. know we also recognize your 7 children your great beautiful children with become really just very very popular in this nation and people have been watching them and loving them many they're watching right down back home in indiana thank you very much. but i speak to everyone when i say that the barack family has captured america's heart it is highly fitting that just as barack fills the seat of a true pioneer for women the justice ruth bader ginsburg tonight justice becomes not only the 5th women to serve on our nation's highest court but the very 1st mother of school aged children to become a supreme court justice very important.

observation before we get to kevin cirilli and what -- before we get to kevin cirilli in washington, what did you observe with prime minister johnson's illness? jonathan: if memory serves correctly, it was the end of march when we learned he had tested positive for coronavirus. he was still working, obviously quarantined, and then things really deteriorated into the backend end of the first week of april, where he actually ended up in intensive care. that is the experience of one individual, and what we know is that one person's experience is completely different to another. i want to be really careful here, as you pointed out, you're not making a judgment on the president, but the demographic he fits into. the health category you might place him in and the risks around that. i think we all of knowledge that this morning. but i think we need to be a little careful about the condition he is in. we understand he is still working. if we get a change, we will bring it to the audience right here. tom: for those of you joining us worldwide across this nation, there is the age of 74, the pounds, on the edge of obesity, and there is viralek

johnson breaking news this morning. we will see you soon, sir. coming up house gop leader kevin mccarthy and congressman devon nunes are here to continue the conversation on hunter biden including the fbi coverup of the hard drive allegedly belonging to him. that could come to fruition this week. we are looking ahead on "sunday morning futures" we'll be right back. joe biden was raised with middle class values. joe doesn't need to be the center of attention. or see himself on tv. he has always focused on getting the job done. joe led us out of the 2008 recession, and increased health coverage for millions. as president, joe will focus on getting us out of our crises. he'll listen to experts, work across the aisle. and put the american people first. ff pac is responsible for the content of this ad. >> this can never happen again. we cannot allow our government to weaponize information, to hold it back. now we've got joe biden literally saying that the american people don't deserve certain information. he got caught in the camera saying that. this is the ways of washington. we nee

johnson breaking news this morning. we will see you soon, sir. coming up house gop leader kevin mccarthy and congressman devon nunes are here to continue the conversation on hunter biden including the fbi coverup of the hard drive allegedly belonging to him. that could come to fruition this week. we are looking ahead on "sunday morning futures" we'll be right backckckckck >> this can never happen again. we cannot allow our government to weaponize information, to hold it back. now we've got joe biden literally saying that the american people don't deserve certain information. he got caught in the camera saying that. this is the ways of washington. we need transparency maria. it's a very foreign concept in washington d.c. but the american people need to understand that those in washington are hiding information from them. they think we're stupid. maria: that was former acting dn i director of national intelligence, ric grenell on this program last week discussing why he believes government agencies including the fbi and the cia are withholding information. we know it was a massive

johnson breaking news this morning. we will see you soon, sir. coming up house gop leader kevin mccarthy and congressman devon nunes are here to continue the conversation on hunter biden including the fbi coverup of the hard drive allegedly belonging to him. that could come to fruition this week. we are looking ahead on "sunday morning futures" we'll be right backckckckck she wanted a roommate to help with the cooking. but she wanted someone who loves cats. so, we got griswalda. dinner's almost ready. but one thing we could both agree on was getting geico to help with our renters insurance. yeah, switching and saving was really easy! drink it all up. good! could have used a little salt. visit geico.com and see how easy saving on renters insurance can be. before discovering nexium 24hr to treat her frequent heartburn, marie could only imagine enjoying freshly squeezed orange juice. now no fruit is forbidden. nexium 24hr stops acid before it starts for all-day, all-night protection. can you imagine 24 hours without heartburn? for all-day, all-night protection. ♪ ♪ ♪ ♪ >> this can

johnson, j. lo, idris elba, kevin hart all contributed to quibi, and it didn't just have big names but buzz.thing in hollywood. a short form but now stunningly short-lived streaming service. it was the steaming service meant to change entertainment. quibi hoping to hook mobile users by offering five to ten-minute quick bites of content. the short-form clips backed by superstars like chrissy teigen who hosted "chrissy's court." >> this is chrissy's court. >> reporter: a "punk'd" reboot starring chance the rapper -- >> get out now. >> reporter: -- and dozens of award-winning famous faces. sophie turner, liam hemsworth and "the marvelous mrs. maisel's" rachel brosnahan. >> can you make it out of gold? >> reporter: some of that original content cost upwards of $100,000 per minute to produce, and this morning, the billion dollar business has gone belly-up shutting down after only six months. >> i'll be there in a quibi. >> a what? >> a quibi. less than ten minutes. >> reporter: the streaming service launched in april backed by a who's who of hollywood power players like steven spielberg, queen la

johnson. tom: we will see where that heads in the coming hours, if not days as well. right now, kevinilli. but we take great pride on at "bloomberg surveillance" is taking the zeitgeist and parsing it out. our chief washington correspondent really reports on this in the trenches all day. here's the lay of the land, changing by the moment 20 days to the election. "the new york post," clearly pro trump, puts out a cover treatment on hunter biden come on ukraine, sourcing from mr. presidentabout a vice -- mr. giuliani, about a vice president compromised by ukraine. it basically says, with mr. biden so reticent because of the pandemic to campaign, that he is really not that she has really not had the scrupulous analysis -- that he has really not had this screw beal's analysis of most candidates. thehat true -- had scrupulous analysis of most candidates. is that true? kevin: you look at pundits on both sides of the il, and what they are doing is lobbying to be analysts. the question from a geopolitical since is who advises the commander-in-chief. we have seen this play out in the past four

johnson, the prime minister of the u.k. as you know, he also is recovering from covid-19. tucker. >> tucker: kevinorke outside walter reed and bethesda, maryland. thank you. the white house physician said today the president has received an experiment to antibody treatment fo from the biotech company regeneron. he's taking zinc, vitamin d, daily aspirin as well as a cocktail of other drugs. what do we know as of tonight, as of right now about the president's condition? we know that he's been moved to a hospital. what does that tell us if anything? dr. marc siegel is a fox news medical contributor. he's been following this since the beginning and joins us tonight. doctor, good to see you. >> tucker, i have to tell you that over the years i've watched people in terms of how they respond to illness when i'm training them. covid-19 is no exception to that. i've been watching the patient's recover from it and i'm heartened today to see how the president is responding to begin with. with cheer, with strength, with courage. maybe we can get some national healing out of this. that would be really great, w

i'm jimmie johnson with clues from the las vegas motor speedway, one of the regular stops on the nascar cup series circuit. very popular sport. kevinpope for $200. natt. what is popcorn? that's it. ante pope, $400.

johnson county -- jefferson county sheriff's department. his mom was a teacher. from an early age the role models in kevin's life inspired him to serve others and serve he did, above and beyond the call of duty. for a time he worked as an emergency services dispatcher. then he worked for the arkansas department of corrections. five years ago he realized his childhood dream of joining his hometown police department to serve the community he knew and loved. detective collins was part of the violent crimes unit which means he worked on some of arkansas' most dangerous cases. mr. cotton: he had a special passion for taking illegal guns off the streets and mentoring young peep in the community. -- people in the community. his hard work was noticed and rewarded. just two years after joining the force, detective collins was named officer of the year after rushing into a burning apartment building and rescuing a 95-year-old woman trapped inside. when he received that award, detective collins reflected on his lifelong dream of becoming a police officer which he described as a service and something i could be proud o