live from seattle and will join us later, speaking with howard schultz, starbucks' ceo and also laxman narasimhan>>> right now the futures indicated higher the dow up by 63 points, the nasdaq by 40 of course, we saw a similar theme yesterday. the dow was up by 200 points yesterday at this time, but it did close the session down as did all of the major indices yesterday the dow was down the nasdaq was down for its seventh negative session in a row and it's the longest losing streak since november of 2016. it was a very long time ago. it was the year my daughter was born and she started kindergarten yesterday. >>> if you're checking out the indexes year to date, we're starting to look at negative numbers. if you were looking at off the highs, the dow is more than 15% from its all-time high s&p is down by about 19% from its all-time high, and the nasdaq is down more than 28% from its all-time high so you're starting to talk about those lows coming close once again even after we saw some pretty strong gains over the bulk of the summer. >>> if you're watching treasury yields, they're setting records t

it reveals the ceo succession plan howard shultz could be succeeded by outgoing report chief laxman narasimhantz said he's leaving starbucks in a good place, particularly in china. >> we've been in china 21 years, we occupy a position like no other western brand. we're opening one store every ten hours in china the situation in china is opening up our position is china will be much larger than the u.s. when we're all said and down. >> >> what do you think? thumbs up or thumbs down >> i do thumbs up. i think starbucks deserved the benefit of the doubt next tuesday is a big investor deal the most important thing is the plan is the guy who was just talking is leaving, howard shultz theius ceo narasimhan, is real ly respected. this is not a problem of reinvigorating the brand the issue is more on the pricing and the cost side. that's an easier fix if customers are still coming into the store. the question is, do they have the right plan we'll take a look on tuesday, and will they have the right people, includes mr. narasimhan. i'm an optimist, the jury is still out, but i think it's a good specula

live from seattle and will join us later, speaking with howard schultz, starbucks' ceo and also laxman narasimhane futures indicated higher the dow up by 63 points, the nasdaq by 40 of course, we saw a similar theme yesterday. the dow was up by 200 points yesterday at thi

good restaurant i would argue that maybe it she beat mcdonald's or the newfound starbucks with laxman narasimhanple, i wanted to buy some today. do we buy some of this ? we are to call this a tech company, will call this a restaurant, we call this retail, we would call this a beverage, and apple is the tech classes that we love. are we done? no, we are going to ohio. >> hello, jim . i am in columbus ohio. thanks for having me on the show. i want to know if i'm diversified. my five biggest holdings are j.p. morgan, lockheed martin, brown forman, csx, and -- >> i have to tell you, hugo has something going here. let me tell you why. this represents a portfolio that is defensively enough and diverse enough that -- you can raise the dividends. i think you're doing an job. lockheed martin has got a good yield and in this dangerous world, can you imagine having a better defense committing an act? brown-forman, we drink more when things get tough. i happen to love the jack and coke that they are doing. i've tasted it, it's good. csx is a fantastic railroad. lily has the weight loss drug. okay, we will c

laxman narasimhan tapped hours before the announcement, he will join the company in october before assuminghe top job in april until then, howard schultz will remain ceo he will have several issues with inflation in china and union push at 200 stores >>> sticking with the union wave employees at apple is the next store looking to unionize. the oklahoma store filed a petition with the nlrb seeking a vote so join the communication workers of america union it comes after two months after the maryland store unionized >>> elizabeth holmes in the legal set bback a judge declined to overturn the jury ruling. the judge won't make the decision final until october when holmes is due to be sentenced. she faces up to 20 years in prison this trial is fascinating to watch with so many twists and turns. >> such a fascinating story, as you said, the trial is the final part pippa stevens, thank you for the breakdown. >>> business leaders and heads of states and top market players gathering along the waters of lake como in italy and our steve sedgwick is lake side at the forum for us steve, a very good morni

. >> starbucks announcing just this afternoon that laxman narasimhan will be joining as incoming ceooctober 1st. he was most recently the reason theo of consumer hygiene health and nutrition company. he was also global coo at pepsico, and a senior partner at mckinney and company. howard schultz will be staying on as interim ceo until april 1st of 2023. will also serve as an adviser through the calendar year of 2023, and remaining on the starbucks board of directors. in a statement about the announcement, schultz said, quote, he is uniquely positioned to shape his work and laid the company forward with his partner centered approach and demonstrated track record of building capabilities and driving growth in both mature and emerging markets. this was not a name that analyst had been sickening. we heard rich allison of dominoes, potentially, also mary dylan, now ceo of footlocker, but formally of older, had both floated. the company was focusing on an external hire for the role. it also recently saw the departures of its evp of north america, russ and williams, and it also announced it

. >> stair becomes announcing that laxman narasimhan will be joining starbucks.een global c.o.o. at pepsico. howard shultz will stay until april 1st, 2023, and will serve as a adviser through the calendar year of 2023 while remaining on the board of directors. schultz said, he's uniquely possessioned to shape this work and lead the company forward, and demonstrated track record. and analysts also weighing in, he lacks restaurant operating experience with he believe his appointment could set the stage for accelerating growth in emerging markets where the brand lacks material expectation that was echoed at cowen we are optimistic that mr. narasimhan perspectives will serve starbucks well into the next chapter schultz has been focussing on the reinvention for the brand of the future, meeting consumers where they want to be, improving safety in stores, and the partner experience as the company faces down the ongoing union fight the likely more to come on investor day on september 13th we now schultz cares very deeply about how this goes. back over to you guys. >> tha

we'll talk plenty about it >>> starbucks named laxman narasimhan he worked for pepsi and was a senior partner at mckenzie he will join starbucks in october before taking over as ceo in april howard schultz will remain ceo until then >> this is interesting this is the third time that howard has turned over the reins. he has never gone far away he has built the culture this time he came in under very different circumstances where starbucks in the past had been the one whether come up with the benefits and made baristas a different job. push back this time around union activities at some of the as f stores he came in and make sure to reinvest and figure out how to keep up with the demands of people who sometimes are coming to work and sometimes aren't just making sure you specialize. laxman is an interesting guy i met him at pepsi when he worked there he was on with us during the pandemic talking about lysol and the demand and they could not get these things through he has been through the consumer goods, not just the stuff recently with lysol, but pepsi and has a good understanding of t

seattle for the exclusive interview with the founder howard schultz and the new incoming ceo laxman narasimhan >> announcer: this cnbc program is sponsored by truist securities another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. how will your business adapt to change? you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-m