>>> and later on, schultz 2020 howard schultz leaving starbucks.rewing up a presidential run? the story that all of wall street, maybe america, will be watching today stick around ♪ for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. >>> all right, let's get a check on this morning's other big headlines, including the latest on that tragic volcano eruption in guatemala philip mena has the latest. >> reporter: hi, brian, good morning. we have new developments in the russia probe as president trump's former campaign chairman, paul manafort, is accused of witness tampering and he could spend the next several months behind bars court documents filed by special counsel robert mueller allege mart tried to influence the testimony of two former business associates this is in connection to manafort's al

schultz today about his xt act. >>> we're here in seattle where we sat down howard schultz, the outgoingxecutive chair ofho starbucks announced plans to step down from the company. he said among other things he may pursue in the future, public service, which of course has fueled speculation he could run for president in 2020. i asked him directly about that >> there's a lot of things i can private citizen other than run for the presidence uni just see what happens. hings i'm ots of thinking about. i'm writing a book. it's only been 24 hours. but we've t many times about how concerned i am about ithe country our standinthe world, and i think there's many things i can do as a private citizen to advance the cause of the promise of the lecountry. >> we said he has not made a decision yet about what he's going to do in the future, he did have a number of views on public policy. >> ronald reagan in 19mm passed anration bill as a republican president, so why can't we come together, move the idlogy out, and do what's in the interest of american people? 70% of the american people want a good immi

schultz cast a long shadow.kind of advice do you have for somebody taking over >> this is one of the toughest things in business is whenyou have an iconic leader who leaves a company. you see when steve jobs left at apple you saw pretty good things out of tim cook. i'm an apple shareholder and i am very happy as an apple shareholder. and then you have by contrast something like general electric in jack welch. that is really the open book question. so for kevin johnson or anyone who follows like that they have to chart their own course. of course, the company has core values, basic principles. you have to remain true to those. the worst thing is trying to go 180 degrees. you have to say it's me. what am i going to do with it? how do i do something special? because the world doesn'ok it looks forwards. you have to look to the future not to what happened in the past. the question is with a competition now in that market, with saturation in the u.s. what is starbucks going to do to move forward? they will go after t

schultz leaving. we had this conversation at the beginning of 2017 or so, that he had announced it we talked about the stock making an all-time high in the spring when he was going step down which is effectively what happened this should come as no surprise. my biggest hangup with the company is valuation and is it justified with the growth we've seen margins in the u.s. continue to decline. if you believe they'll have double the amount of stores in china in the next five years, maybe buy the stock. i'm frightened by valuation. >> i get that. but put in the loss of the visionary who guided the company to its heights, when you put that on top of already the slowing growth that guy said in north america, do you get more concerned? >> no, no. 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 presid

wasserman schultz: mr. chairman, i rise to claim time in opposition although i do not oppose the amendment. the chair: without objection, the gentlewoman is recognized. ms. wasserman schultz: thank you. the commee opposed the department's tentative decision last fall to convert almost $1 billion of funding for homeless programs from special purpose funding to general purpose funding. this action would have been a fundamental change to the manner in which medical care funding was allocated to the field. and i support giving more local flexibility to vetance' integrated service networks. i strongly support transparency when it comes to changing the levels that congress sets for v.a. programs. we are the appropriations institution. we're the one that is makes those decisions. the proposed realignment by the v.a. would potentially risk funding for essential programs such as the supportive services to veteran families program. thankfully after numerous discussion was the committee and public outrage, the departm

today for the likes of apple and amazon we begin with the news of starbucks executive chairman howard schultzving the company, stepping down from his role andrew sat down with him this morning on ""squawk box"." he joins us once again to wrap that up. good morning, andrew. >> good morning, carl. it was a big day in seattle, howard schultz stepping down after his tenure after growing starbucks around the world the big question and issue is the speculation about what he's going to do next he has said that he will pursue, at least, exploring some form of public service, which has led to lots of questions as to whether he will run for president in 2020 he has said he did not make a decision yet but had a lot of views about public policy in this country take a listen. >> i've been engaged in a number of, i think, very important issues that are facing the country and trying to advance the cause of the national conversation about such things as iigration, as an example. let's just take that i don't think we've got a very humane policy. i think we need border security. but there is a lot of nontruths

schultz had planned to step down in may but his plan was up ended by what happened in april. his decision to step away from starbucks likely to fuel speculation he could run for president in 2020. he has been quite outspoken on be a number of big social issues and his name is often bandied about among a number of executives. in a letter to employees today, schultz said 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. in an interview with me in "the new york times" he said, quote, i want to be truthful with you without creating more speculative headlines. for some time i've been deeply concerned about our country, the growing division at home and standing in the world. one of the things i want to do in my next chapter is to figure out if there's a role i can play in giving back. i'm not exactly sure what that means yet. in the meantime mr. schultz says he plans to run his family foundation and write a book about corporate social responsibility. for "nightly business report," i'm an

schultz and his political ambitions what do you mean. of that is so realistic. i don't know if it's realistic but it sure is. make such a vent donald trump made it from business directly without any other public office but then he went on a popular populist message it sounds like howard schultz would want to do it a much more conventional way and he needs a lot of more recognizability before he can do that. only votes there in frankfurt for us thank you very much for your analysis. now it's world environment day today the u.n. is using the occasion to raise the alarm about plastic pollution calling it a planetary crisis plastic is cheap like way a light weight and durable bought it's generally not biodegradable so more and more plastic waste is littering our planet the main culprits are so-called single use plastic items in plain english plastic bottles and plastic bags they make up the heart of all the plastic we use and here's a figure that is hard to believe but it's true around the world some one million plastic plus one million drinking bottles. plus plasti

wasserman schultz. schultz schultz i find the gentlewoman's concept interesting. getting another brac round is going to be difficult and in response to many services are demolishing services using operation and maintenance funding. the brac funding is used for closing bases. i would be interested to see if there are any cleanup costs with demolishing of buildings and i will not oppose the amendment and i look forward to seing this. i yield back. the chair: the gentlelady yields back. the gentleman from texas. mr. carter: i yield back. mrs. torres: the underlying bill has funding for brac closures but before we proceed with any new closures, let's finish the job on the old closures and i yes. y colleagues to vote the chair: the question is on the amendment offered by the gentlewoman from california. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it and the amendment is agreed to. . . it is now in order to consider amendment number 21 printed in part b of house report 115-712. for what purpose does the gentleman from michigan s

schultz does he's a democrat. that field is wide open.es to starbucks' stocks, it's not a big deal. they have done a good job in succession planning. he talked about stepping back day-to-day making the transition out of ceo so this is not a really monumental event in their history for the stock. maybe in the life history of the company, but not for the stock >> yeah. andrew, anything you want to add to that, and what do you think the important questions are going to be for him now? i mean, you're going to have the chance to sit down with him tomorrow, and i guess now he, you know, could be awhile before we know exactly what that next thing is, right? >> you know, i think there's two parts and two questions and two roads to go down during this conversation one, of course, is the future of starbucks. it's a conversation you've been having about growth in places like china and what the business looks like here in the united states how do you get that growth back here what is the technology what are the technology challenges that needs to be

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 record high after unveiling key changes at its developers conference. analysis when we return. these birds once affected by oil are heading back home. thanks to dawn

. >> and former starbucks ceo howard schultz says if you like the coffee, you should love starbucks cheap stock. we'll tell you how to play it. >>> plus -- >> money has got to be the shoes. >> shoes. >> shoes. >> shoes. >> it's not the shoes that has him so excited, it's an options trade that can make money if nike is up, down or nowhere at all into earnings. >>> and here's your portfolio and here's the market. and we've got one dow stock that could catch you up to the rally. it's time to risk less and make more the action begins right now. >>> we'll start with that dow stock on a week that the dow is down more than 2%. the chart master says he's got one name that could break out. carter, what are you looking at? >> i'm looking add johnson & johnson. a top ten name in the s&p and a major laggard, down 12% year to date, underperforming the dow 30 and the market in general. i think the underperformance is coming to an end so just for good optics, i've got a five-year chart. the colors are clean you can see the difference, this divergence, right, that we've seen just over the past sort of si

howard schultz has taken before?s on race, immigration, fair taxation, reaching out to both sides on congress. you say race but starbucks has been in the press for the wrong reasons on race. he didn't defend his company, he said it was reprehensible, arresting two african men in a store in philadelphia, he said they need to have a conversation on race. has nailed his political colours on the mast and i don't think he will disappear and write his memoirs, think he will go into politics. henry will be having a strong coffee in our greenroom! he will be back later. let us know what you think about plastics, howard schultz. stay with us on the briefing. also on the programme: the sports team will have a round—up from roland garros, as players get ready for the quarter—finals at the french open. the queen and her husband began their royal progress to westminster. the moment of crowning in accordance with the order of service, by a signal given, the great guns of the tower shall be shot off. tributes have been paid around

schultz retired earlier this year. my congratulations on an incredible career and best wishes fors future pursuits. mr. speaker, i rise today to recognize the life of a man who's ann delible impact on conservation and preservation throughout arkansas, tom. tom is retiring at the end of this month after s as the arkansas national heritage commission's senior echologist for over two decades. tom dedicated his life to answering the call to serve the outdoors. from publishing the natural divisions of arkansas to getting numerous educational progms for schools and the general public, he lived his life to serve our natural state. in 1976, he became the director of arkansas ecology center, the organization he had volunteered for as a youth. t's service to the s of arkansas and to the environmental conservation area will never be forgotten, and i join all arkansans in congratulating my friend, tom, on a remarkable career and a well-deserved retirement. mr. speaker, i rise today to recognize mount vernon high school cybersecuri

game with ethical sourcing. >> i cannot tell you the number of men and women who will rald howard schultz as a role model. >> reporter: some have criticed starbucks for taking business away from smaller, local cafis and changing what people expect of cafis. >> it is a part of everyday life. people make jokes. >> reporter: in his letter, scholz said he is not happy with the direction the country is going. has next step is possibly a presidential run.>> president trump has nontraditional background to the presidency i think we could wealthy howard schultz in a presidential run. >>> today is election day june 5, primary day in california. around the country, eyes are focused on california voters. the turnout and what the voters de >> today's election could affect the balance of power. the tecast today could play a major role in determining if republicans will mainta major control of the house of representatives. democrats the an opportunity to flip several congressional seats in california and the republican unified control of the federal government. are being asked g counties -- to approve

chairman, howard schultz.look at after hours mull theas investors coffee giant's future without its longtime leader. a lot of questions about what is to come. we talked about a range of options as a next step for him. bring in care and rise, who s us from seattle this morning. so much for joining us on the program. i think the speculation is somewhere along the lines of philanthropy to a presidential run possibly. karen: he has not shied off from either possibility. he has a foundation that has been growing and doing a lot of work around homelessness and veterans, unemployment, and things like that. he has flirted with running for president in the past them and we have a president now who came from the business world, so the thought of making a jump from no political office to presidency, there is a clear history for that being possible at least. [laughter] karen: whether or not he will do it is a lot of polling and consultants ahead. yvonne: talk about what kind of future starbucks has now without howard schu

schultz hasn't really been in the political arena. president trump kind of danced around it for many years, kind of in iraq being with media and politics. who knows. hard to say. what do you think? >> is a brand-new world if you were to run and win, the good news is we always news is we always find an available restroom near the white house, which is very hard to do in d.c. i don't know what he will do. he wants to elevate the conversation as people like to say. more power to them. this is a place where if i could run for president, surely anybody can. i want to beat you to it. go ahead and say it. dagen: i was not going to make that joke. >> is a brilliant business guy. he had a vision, created an extraordinary company to do anything other than just acknowledged that he is a shrewd and smart savvy business guy and a built-in model that is now gone. >> while what he has to do to make a the transition from smart savvy business guy? >> i hear people say i want to run the government like a business. any business you can fire the people t

we could see howard schultz 2020.e time now that he has presidential ambitions, frequently mentioned as a possible candidate for the democratic party. in an interview with the new york times he said he was concerned about the growing division in america and its standing in the world. if he i’u ns its standing in the world. if he runs it is an impressive resume, with 28,000 starbucks, and with the shares going up thousands of%. in asia, chinese demand for coffee is surging. the number of shops has doubled to 600a years, expanding in asia and in the world. absolutely. -- 6000 in asia and in the world. absolutely. —— 6000 in four years. asia and in the world. absolutely. —— 6000 infouryears. iwant to mention, there is a lot happening this week, and we will talk about it in the news, this. this week sees apple's annual developers' conference in sanjose, and while the company didn't use the occasion to launch any new hardware, it did make what it saw as an important announcement about online privacy, one which could put it

search one and done. >>> welcomck outgoing starbucks' chairman howard schultz sat down this morning,nd he talked about his own political future take a listen. >> when you look at the field, people say, you know, will joe biden run, will others run, anybody that you get excited about? >> i think there's a lot of people who might run for president, and i have not focused on that, i wl say that it concerns met so many voices within the democratic party are going so far to the left, and i ask myself, how are we going to pay for all these things in terms of things like single payer or people espousing the fact that the government is going to give everyone a job i don't think that's realistic, and i think we've got to get away from all the falsehoods and start talking about the truth and not false promises >> question that really comes from starbucks' investors. i saw this on twitter yesterday. if you pursue public service al wrapped up into it remember when romney ran, bayne got wrappeup in it quick >> i think there's an anomaly here this has not happened often where if someone like me di

schultz considers a run for president. he's well spoken and making this company across the world when it come to coffee he describes himself as a full conservative and he's also social liberal, right? i used to think there was a party like that waited to be created in america, i am not sure anymore does this man has a party if he decides to run for president >> that's the million dollar question, would he run as a democrat i think he's largely aligned with the democratic party. the country is right for an independent candidacy. it is difficult to get on the ballot based on the way our state laws are designed. with somebody with that kind of brand power and name and wealth, it is certainly possible e number of people registered in this country have been on a rise of basically a 70-year high the country is right for it. >> john harwood, what do you think, and to sara's point we are identifying him with the democratic party, is that going to work in the democratic party as we know it today? >> most of the democratic political

this is a cover-up by debbie wasserman-schultz and democrats. lou: tonight's quote of the evening, we'll have it tomorrow night. tonight i join tucker carlson was a draft. charles: got to leave it there, sir. lou: good evening, everybody. our top stories, paul ryan affirming his political ambiguity and displaying his indefensible support of the establishment whose boots he loves to lick. the lame duck speaker today choice to side with the deep state and defy reason and decency as he did so, lining up with trey gowdy saying there's no evidence of a spy in the trump campaign and later playing to the open border globalists and he chose to pour sere u syrn officials. >> i feel good about the conversations we're having. our members are honest and sincere in trying to understand each other. we have a big swath of views within our conference and i really do believe there's a sweet spot here. lou: a sweet spot here. well, how long will republicans put up with this lame duck who seems intent on destroying the party's chances in the midterms. how long wil

>schultz. >> this is about rigging the 2016 election. there was a second hack that occurred the same week that dnc was breached. the house of representatives inspector general briefed authorities that there was an ongoing hack by pakistanis who the democrats hired as i.t. guys. ordinarily they would have been arrested on the bat obviously. but think about it, the russian narrative they decided to much that week, you know how tenuous it is, backed by nothing it is, you throw into the mix arrest of pakistanis hired by democrat and unvetted for a similar hack at the identical time, the narrative about russia would have been impossible to secure and that's all they care about, the narrative. lou: what's interesting about this, amongst the many things that are interesting, fascinating, intriguing and frustrating is where is the justice department now. why in the world are we hearing about this in jeff sessions. why aren't we hearing about it from a republican-led justice department and where in the world is debbie wasserman schultz and how ha

howard schultz made the announcement but it is creating speculation about what he will do next.ay run for public office and maybe even run for president. >> reportarbucks has become apart of many people's lives. >> once in the morning day. it keeps me going. >> reporter: the man who has kept starbucks going for the last three decades is howard schultz. >> we don't spend much time worrying about competition. >> reporter: in a letter to starbucks employees mondayretir he says r ve had a dream to build a different kind of company, went to enhance lives and endure long after i was gone. thanks to you, my dream has come true. howard schultz became ceo of starbucks in 1987 and grew the seattle-based chain of 11 stores into a global giant of more than 28,000 stores in many countries. he did not scale back on what he envisioned as a socially responsible workplace. in his letter, he said he was proud of the company's health benefits for full and part-time empleeck options for employees, free college tuition and the hiring of veterans, youths and refugees. >> they care about the service t

schultz told andrew ross sorkin that he's concerned about our country, the growing division at home andtanding in the world, and that he's figuring out the next chapter in his life, which could include pu service. shares of stbucks were little changed yesterday after the news andrew is in seattle, and he will join us with howard schultz at 8:00 a.m. eastern for an exclusive interview. >>> elsewhere, it is day two of apple's worldwide developers conference ceo tim cook kicked off the week with an announcement about the money generated by the app st e store. >> i couldn't be happier to announce that we now have over 20 million apple developers around the world we're also happy to announce that this week we're going to achieve another huge milestone the money that developers have earned throu the app store will top100 billion. >> joining us now, the global head of technology research at hsbc steven, i wonder if more of the story is the, sort of the overhang that we all sort of seem to be coming to the conclusion that we don't know about the long-term effects of a lot of what our kids are d

aid to leading democrat debbie wasserman schultz has taken another odd turn.orts suggest that they may be ready to make a plea deal. now president trump is starting to weigh in he tweeted this this morning. our justice department must not let them off the hook. the democrat i.t. scandal is a key too much of the corruption we see today. they want to make a plea deal to hide what this on their server, where is the server? really bad. chief national correspondent live in washington, what do we know about this? >> a very explosive case for her, she was ousted as the dnc chair in the middle of the 2016 presidential campaign. now she has this former staffer who was indicted while he was still on her payroll, you mentioned her former i.t. aid. he is insistent through his attorney that he was innocent and he was targeted because he was muslim. his wife had already fled with several thousand dollars worth of cash, she had already wired $300,000 home to pakistan. they had collected at least $4 million since 2009 working for various house democrats, most of them fired in

he's in ay different place than somebody like howard schultz. howard schultz has spent a lot of time traveling the world. could be considered a glalist. it's a phrase that is not very popular these days. i think it will beer interesting to see if, in fact, he does some to the conclusion he wants to run where he would run and how he would do it. could he run as independent? maybe that's an approach. could the democratic party move so far left that he has no place in it or could he watch the party move that way and try to pull them back? i don't know. >> it will be interesting to watch. he has certainly developed and nurtured a great business. andrew, thank you for your great reporting as always. >> and it is a make it or break it day for democrats in what is the largest primary day of 2018. the most critical state of all, california. what needs to happen for a blue wave next. - anncr: as you grow , your brain naturally begins to change which may cause trouble with recall. - learnirohim is great... when i can keep up! anncr: thankfully, prevagen h

they are slightly lower by 2%, following the announcement by founder howard schultz that he will stepfrom the company towards the end of the month mr. schultz will leave as executive chairman on june 26th and says he's considering a range of options for his next act, including philanthropy and public service he spoke this morning exclusively with our andrew ross sorkin about the company he le behind. >> 2018 is not 2008 for starbucks. we're building a great enduring company. we're opening a store in china every 15 hours we're up to 3500 stores. we have a new roastery opening 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 very confident in the long-term progress and value creation for starbucks. >> all right, let's trade it >> i think you'rout to find out what the ceo premium was for starbucks. i would render to believe it was a pretty significant one >> they already had a new ceo. not like he's leaving at ceo he's executive chairman, right >> he's still not there day-to-day you thi

could it be howard schultz? we will find out.es for many this morning, but we have improvements. brightening from the north as we move through the day, prolonged sunshine developing, staying cloudy in the south—west. this is how the pressure chart looks, high pressure in the north, low in the south. holding onto that north north—easterly feed which is dragging infairamounts north north—easterly feed which is dragging in fair amounts of cloud from the north sea. we will see low cloud, mist and fog lingering for coastal areas. i think the cloud just tending to linger for parts of the southwest, seven wales, south—west england, central and southern england. it will be fairly cloudy the northern ireland with some showers possible. there could be rain in the channel islands, temperatures today feeling noticeably cooler in wales, where we saw 26.6, a maximum of around 20 today. this evening and overnight, showers will die out, there amounts of clear spies, some cloud spelling in. —— fairamounts of spies, some cloud spelling in. —— fair

debbie wasserman schultz. >> i have an amendment that will keep campaign promise. >> amendment number 7. the clerk will designate the amendment. >> amendment number 7 dye representative debbie wasserman schultz, social security benefits. >> recognized for six minutes. >> thank you, i appreciate that. mr. chairman, i am please today offer an amendment that will allow donald trump to keep campaign promise that he made to the american people, that we will not cut social security benefits. unfortunately the president's fy19 breaks his promise. while president trump has proven he cannot be trust today keep his word, my amendment provides this committee with an opportunity to restore americans trust and benefits they have earned will be there when they need them. 62 million americans are counting ontous do the right thing. millions more are working hard to pay into the system to earn future benefits. it's time for the president and republicans friends in congress to stop saying one thing and doing another. don't tell me that we can't afford social security, my constituents will not be lectu

and a fear of dealing with the problemshehave that schultz is talking about.a california boy and you are a california girl, you keep wondering, what is it going to take. here's why nothing's happening in california. the rich liberals are safe. they got their real estate, and it is behind a gate. meanwhile, it's a real-life dystopia everywhere else. it really is like the set of "mad max." you have disease spreading. i'm not going to getnto it again. garbage trucks accidentally almost throwing people away. it is like -- what you are talking about, here's a country -- state run by liberals. if the worst kind of economic inequality. all you've got to do is look at that and i think that's what schultz is probably getting out. you can see the end result right there. it's a problem. it's a big deal. it ain't going to be solved with progressive politics. >> kimberly: he is trying to be the donald trump of the left, provide a different sort of democrat, populist movemen >> d seeing that in seattle too. >> greg: and a businessman knows this is going to destroy? >> juan:

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 point is what i was making is that it has

with schultz out, does it allow the company to turn the corner, a fresh start?think that is one opportunity. >> and he commented on the stock to jim cramer which is a rare move saying it is cheap and undervalued. so they will right the ship and get it going >> sounds like elon musk >> and are we talking about in terms of how the stores operate, getting people through or is it product menu type stuff? >> really with innovation and technology, analysts will say it is a mix of both, getting people to come in in the afternoon, that is something that they have been trying to do. cold brew is big for them and they are also introducing more food but it is also getting mobile and continuing to work on that more and more people keep signing up, as well. >> all right kate, thank you. >>> still ahead on "worldwide exchange," turmoil on the global market, fears of a trade war hitting emerging markets hard. what the trade wars could mean for your money >>> plus breaking news on ge, the company reportedly plans to spinoff its health care unit and bail on its ownership in bake

well for more on this we're joined by our correspondent teri schultz ate at brussels now terry of a new trade commission to see a bunch of them has said that when it comes to america first it will be met with europe united well it will block now be an agreement as to how to respond. so far it looks like it will be helena you know some of these measures were already teed up before today in the expectation that trump would follow through on these threats as we know the complaint has been lodged at the w t o already and the lists have already been drawn up of the u.s. products that will be targeted and all this left now is for member states to agree on which one of them's will be one of them which ones of them will be selected for the important duties and so there could be some differences of opinion and we've seen a reaction that ranges from very strong from france for example to a bit muted from germany but so far nobody is suggesting that these import duties should go unchallenged by the european union now perhaps one thing you in the united states can agree on is china and we understan

howard schultz is leaving starbucks and some say it could be the beginning of a political career.ana katsuyama joins us in the newsroom. >> reporter: they chose someone other ceos look up to. he has been hinting at political aspirations. starbucks has become a part of many people's lives. >> i every morning, itkeeps me going. >> reporter: the man whke >> we don't spend too much time worried about the competition. >> reporter: in a letter to starbucks employees, he says he "i have had a dream to build a different kind of company, one that has e potential to enhance lives and endure long after i was gone. things to you, my dream has come true". he became ceo of starbucks in 1987 and grew the seattle-based chain of 11 stores into a global coffee giant of more than 20,000 stores in 77 countries. as he scaled up, he did not skill back on what he envisioned as a responsible workplace. he said he was proud of the company's healthcare benefits, full and part-time employees, employee stock options, pare. >> it is clear that care about the service they give to customers. i think that is coo

of the united states coast guard to the man who oversaw those emergency operations, admiral carl schultz. admiral. stand up, admiral. [cheering and applause] as commander of the coast guard, atlantic area, admiral schultz took responsibility for the coast guard response across the gulf coast, the atlantic and the caribbean. i have complete confidence that carl will carry out his new mission with the same talent, strength and devotion that have characterized his entire career. he has had an incredible and very brave but an incredible career. carl, we congratulate you and we thank you for answering this call to service. [applause] we also thank your entire family for undertaking this journey with you. we are glad to be joined today by the admiral's wife, dawn, his mother, elizabeth, daughters kelsey, lindsey, and analyce and sons eric and zachary. thank you very much. stand up. [applause] as we observe this change in command, it is a great moment not just for the coast guard, but for our entire nation. the coast guard record is unsurpassed anywhere in the world from the courage of your her

. >>> the former ceo of starbucks, howard schultz, said the struggling stock will take investors to themised land i'm melissa lee, you're watching "fast money" on cnbc in the meantime here's what else is coming up. >>> prices are insane. >> that's what howard schultz wrote about the price of starbucks stock and we've got a way to buy it for even less. plus -- >> so michael, what do you think about the new design >> i love it we go back a long way. >> wait until you see the new chevy blazer, because it's already got some of the traders kicking the tires on gm stock, and that's when "fast money" returns. need a change of scenery? the kayak explore tool shows you the places you can fly on your budget. so you can be confident you're getting the most bang for your buck. alo-ha. kayak. search one and done. >>> welcome back to "fast money. check out tesla talk down 4% today after they questioned the way they account for losses. they currently have a -- this caps off a tumultuous week for tesla, after suing a former employee for hacking and sharing data of the company. the stock is down 7% this

schultz running for office, he's a base guy, not a politician.an make the case that politicians have not done a real good job in the presidency, whether they are former senators, house members or government, doesn't matter. they are politicians and they are not doing well. along comes this new batch of corporate people, they are throwing their hat into the ring and expertise as well. i kind of welcome it. >> i wonder some say if cheryl sandburg would run from facebook. stuart: yes. >> a lot of people like the fact that people are getting involved in public office or presidency, let's not forget the majority of congressmen and women do not have economic background whether economic's degree or any experience owning a business or employing people. they're taking checks and not writing them and signing them as paychecks. people respect that despite what your political differences may be. ashley: who do democrats have right now? >> it's a crowded field. come on. grab it right now while it's wide open. >> he has the benefit of being social justice warr

howard schultz is leaving his role as thechairman. began working for starbucks in 1982 and over saw the rise from tiny chain to an iconic brand with 28,000 stores worldwide. schultz has been rumored to be considering a run for president. >>> and caught on camera, a wild surprise in norway when a polar bear got into a storage room at a former radio outpost. that's been converted to a hotel. the folks there say the bear helped itself to some chocolate and then left through a small window as guests looked on from a safe distance away. >>> when we come back here tonight, the dentist with a few tricks up his sleeve to make fears for a checkup disappear. inspiring america is next. ulin. ulin. it comes in a once-weekly, truly easy-to-use pen. and it works 24/7. trulicity is an injection to improve blood sugar in adults with type 2 diabetes diet and exercis don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you

schultz and his. possible political ambitions. it's a pretty spectacular move he's an attractive personality a very successful entrepreneur starbucks thrived under his leadership the company had some bad news recently but with a very good story and multiply the share price for its shareholders if he moves into the political realm it won't be easy business men moving without office experience into the presidency while donald trump littered without holding public office previously but he did it on a populist message childes having endorsed the democratic side it will be a stretch but it will be interesting to see how he builds us up in the next few years it will be a first a few makes it on a moderate message on an invention as agenda the white house and then it could certainly be an exciting election campaign that would leave us in frankly i think is a much right. it's world environment today today but it's not necessarily a day to celebrate to the u.n. is using the occasion to raise the alarm about plastic pollution calling it a p

howard schultz is the one we're talking bg today.does want to serveis country in a public service capacity. he's not ruling it out here. we'll see what the future holds here. opening bell, very flat. good rally yesterday. record high. tech stocks did very well is this rugging off concerns about trad wars focusing instead on their business which is doing very, very well here, poppy. >> thank you so much. appreciate the reporting. >>> bolton benched tension escalating. we'll tell you why next. let's begin. yes or no? do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online. wi'm really grateful that usaaq. was able to tak

belief howard schultz wants to run for presidency in 2020.ess there is something that would happen here force him out of starbucks i would imagine he is stepping aside because he wants to do it. david: personal ambitions? nothing forced him -- >> he has been sounding like a presidential candidate for the last three weeks. david: thanks for instantaneous analysis of howard schultz incident. thanks, very much, dan. melissa: your plane ticket might get more expensive. american airlines say they might have to charge you more. >>> the administration is getting ready for a historic summit with north korea just as syrian leader bashar al-assad is looking to make his move, next. >> until they walk into the room that day, don't assume it will happen. i can imagine at breakfast that morning the whole thing blowing up. ♪ until... we lost it. today, we're renewing our commitment to you. fixing what went wrong. d endingroduct sales goals for branch bankers. so we can focus on your satisfaction. it's a new day at wells fargo. but it's a lot like our first

schultz and his possible political ambitions. it's a pretty spectacular move he's an attractive personality a very successful entrepreneur starbucks thrived under his leadership it's a company had some bad news recently but with a very good story and it multiplied the share price for its shareholders if he moves into the political realm it won't be easy business men moving without office experience into the presidency while donald trump that without holding public office previously but he did it on a populist message childes having endorsed the democratic side it will be a stretch but it will be interesting to see how he builds us up in the next few years it will be a first if he makes it on a moderate message on an conventional message into the white house and then it could certainly be an exciting election campaign that would leave us in frankly i think is a much right. well the city of palma on the spanish island of majorca has decided that from july the first residential apartments can no longer be rented out to tourists aims

erik: howard schultz plans to leave starbucks, possibly for politics. athena health jonathan bush is out. jeff immelt is in as executive chairman. elon musk and a vote of confidence from tesla shareholders. >> it is a victory. it is not surprising given the base. erik: big money. big ideas. bloomberg speaks to figures in global investing. >> it is a sellers market. japan is not only growing in real terms, but there is a fundamental restructuring happening. >> we should looking at china equities as sin stocks. erik: and the ubs ceo offers this advice during the recent volatility. >> this is not an environment in which you put on more risk. erik: it is all straight ahead on "bloomberg best." ♪ erik: hello and welcome. i am erik schatzker. this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. last weekend, officials from the u.s. and china met in beijing hoping to make headway on trade issues that of but the nations at odds. despite a cordial veneer, by monday,