a-- the starbucks app. looking forward to seeing how digital transactions have done it in the early weeks of covid, they did well. taylor: we were hearing earlier from mcdonald's that international sales really dragged them down. saying that china sales only off 19%, much better than what analysts thought. what are we learning about china? ed: yes, comparable store sales .ere not down as much let's say for argument sake, three months. i think the question is how reflective is the situation in china versus what you expect to see in the u.s. in the coming three months? do you expect recovery in the u.s. to mirror what you see in china. while the comparable store sale was not down as severely, we did an emphasis.ch of it was the opposite in china, there was a real preference to sitting down and having coffee. bloomberg's edto ludlow. let's get a quick check on the latest business flash headlines. consumer confidence fell more than expected this month. americans are rattled by the recent increase in coronavirus

now we are building a smaller format called starbucks pickup, in china it is called starbucks now.n can think about them in urban core market, similar to a suburban market where we have storethru's, every pickup is within a three to five minute walk, with seating in the cafe. occasion and i want to sit in a starbucks, you can do that. if you want a safe, convenient, familiar experience, you can goes the pickup store. we are blending these nor format to create a network. they are serving the different needs that our customers have. it's not a pivot away. i view it as complementary. are you seeing a change in the pattern of when people come to starbucks and what they get? people were going to the office and a lot of people are working from home. in bloomberg there's a starbucks downstairs and we might grab one on the way up and we don't have as many people working here anymore, does that change the business model? kevin: it has changed the pattern. the morning peak in the united states, really a lot of that was on their way to work or to school, they will stop by starbucks on their w

among them, mcdonald's and starbucks.rica's top infectious diseases expert says he is confident we will have a vaccine by the end of the year as infections slow and california and arizona, but florida reports record deaths. secretary of state mike pompeo praises australia for standing up to china as the traditional allies strengthen defense ties. shery: that's get a quick check of how markets are trading at the moment. u.s. futures opening to the upside, point 1%, this as stocks fell. we had traders assessing corporate earnings, not to mention contentious negotiations on a legal stimulus package. we have the s&p 500 nearly raising money. we had traditional sectors gaining grounds. real estate, utilities performing while energy declines. we had worse than expected results from a few companies 3m.uding mcdonald's and the nasdaq composite also lost more than 1%. tomorrow is the big antitrust showdown. we have the big tech giants including jeff bezos and mark zuckerberg testifying, so we will be watching that closely. take a

i heard you talk about starbucks. they have the opposite effect, of course. but we're benefiting from that with our biscuit business. and in the biscuit market, we have brands like oreos, chips ahoy, ritz, some of the strongest biscuit brands and cracker brands we see that increasing consumption being accompanied by heavy market share gains for us. what we're seeing is a lot new consumers entering into our brands and doing repeat buying so that bodes well for the future for us. yes, you're right. a very strong performance in north america and in the u.s >> so what you are doing with advertising spend, dirk? i know you participated in that the pause on social media. the consumer package goods i'm covering pulled back spending on ads. can you tell us how you're thinking about spend right now in this environment? >> we might be different on that in the sense that we decided in the second quarter since the crisis was sort of hitting everywhere around the world, we didn't have clarity on what was going to happen to the consumer, what was going to happen to our sup

we have traditional starbucks stores today in china we qaa them starbucks now. these are the equivalent of a walkthrough store. it's a much smaller footprint. it's all geared toward mobile ordering and a very convenient service. these starbucks convenience stores will be located within a three- to five-minute walk if you as a customer want to share your coffee and food and have a sitdown with a business colleague or family member or friend, you can walk to a regular starbucks store and sit in a cafe. if, though, you're on the go and want to pick up your coffee on the way to work or school, these starbucks pickup stores are going to be for you. it's blending those store formats that create a network effect that's where we're going. >> i think a lot of people look at a number, particularly people that are not from either company. sales declined 41% people say, it's crazy stock is up $3.70 there's a thing called cadence i think you have to tell people what happened in july. i think july is an ar bin jer -- a harbinger for what can happen for the recollect st of the

in china it is called starbucks now.ller format of stores, you can think about them as a walk-through, similar to in a suburban market where the stores all -- are walk-through. they would be within a three to five minute walk of a traditional store with eating in the cafe. you as a customer can decide if this is an occasion that i want to share my food and beverage with a colleague or a friend and number on the starbucks, can do that. if you are on the go and you want a convenient experience, you can go through the pickup store. we are blending these store formats to create a network of that. those store formats are serving the different needs that our customers have of starbucks. ivot away from it. it is complementary to the starbucks experience. david: that was our conversation with kevin johnson, ceo of starbucks earlier today. we are turning to capitol hill where the ceos of four tech companies are due to answer questions about whether they have become anti-competitive. we want to turn to emily chang, anchor of bloom

starbucks says it plans to offer more curbside pickup service and open more than 50 starbucks pickup only locations in the next year. >>> and amc reaches a very major deal with universal, a division of nbc parent company comcast, to shorten the amount of time between when a movie debuts in theaters and when it goes online. now that so-called theatrical window will be cut down to 17 days from the current 75 days. that means instead of waiting two and a half months to watch a new movie at home you will soon be able to see some new titles in just two and a half weeks after they premiere in theaters. now this deal settles a long-standing disinstitute between the companies over how films should be allowed to appear on digital platforms in your home. o teorologist kari hall, i don'e you. >> i really enjoyed when the "trolls" movie went straight to our tv. that was great for our family. >>> in pleasanton, a great day. the morning hours are the best time to get outside. we'll talk about the rest of the forecast coming up. >>> all right, kari. i see a little bit of fog on the road weather ind

let's start with starbucks.d you see in the recovery report after the grim preannouncement in june? reporter: it is interesting. they definitely did a good job of managing expectations. some pretty bad numbers back in june that they were able to beat this month. that really helped results. but if you dig deeper into the numbers, starbucks is still doing much worse than a lot of quick service competitors. part of the reason is they only have about 29% of their stores with a drive-thru. another big part of it is the fact that breakfast has been largely impacted here in the united states because of so many b,ple a, out of work, and telecommuting more often. breakfast sales have been hurt industrywide and starbucks has a .arge exposure to vector sales numbers,en it comes to pretty grim and investors reacted, but where are we seeing recovery? reporter: it's interesting because the stock has done well after hours and people are latching onto the fact that management said sales in july are positive at about 3100 stores

>>and the woman who took a photo of a starbucks starbucks furry stars. she says that photo went viral for all the wrong reasons now she wants to sue him for thousands of dollars and if you own an iphone apple might owe you money after the break we'll explain. >>for your money tonight if you're on an iphone you can now file a claim to be part of a 500 million dollars settlement after a long battle, apple admitted it used software updates to intentionally slow down its phones. the company claims that did that to protect phones with older batteries. a lot of people argue that was a trick to get them to buy newer faster models of phones. anybody who bought a phone and iphone 6 and iphone 7 before december 21st of 2017. they are entitled to get at $25 while it's not much is of but you get $25 for each affected device. the claims have to be filed by october 6. the pandemic could cause back to school sales this fall to top a record breaking 100 billion dollars with many schools, turning to online classes. parents are buying more laptops and desktops and the com

so you're going to buy starbucks then >> i'm going to hold dunkin' into earnings, but that starbucks was a strong earnings. you just made a huge bay to buy starbucks at this level. >> i'm going to try not to make too many moves i made a bad move getting out of the starbucks. i'm going to see what dunkin' reports, and then react accordingly. i will certainly let you know first. >> i appreciate that. >> i might even text you. >> all right i'll expect a text momentarily, knowing you. >>> we're ready to answer use you are questions next in "halftime report." send in the questions. that's coming up next. feeling stressed? try new nature's bounty stress comfort. three unique gummies for your unique needs. find peace. boost mood. sleep well. stress comfort comes naturally, only from nature's bounty find a stock basedtech. on your interests comes naturally, or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. >>> welcome back joe, the question from jackie in canada -- i have a small position

let's get to kate rogers with a market flash on starbucks. >> starbucks just announcing that beginning on july 15th, it will be requiring customers to wear facial coverings when entering company operated stores in the united states the decision is to prioritize the health of employees and customers and support public health officials as they work to prevent the spread of covid-19 employees have been wearing the facial coverings for some time they will receive trainings on how to interact with customers starbucks was the first to close its dining rooms back in march back over the you. >>> thank you. pete, long time fan of starbucks. what do you say? >> well, it makes sense. i'm not surprised at all this is one of the things that starbucks always seem to be out front of everybody else and the lead when it comes to a lot of heez types of issues it makes total sense i think they will get through this process well. they have gotten through well because of the drive through they took a hit like everybody did. they held up pretty well like so many of the fast foods because the drive through p

bob: the two men came to starbucks. mark: philadelphia.y did not order anything and so the manager asked them to leave or they would call the police. the washington post reported that they were locked up for being in starbucks, that is not the truth, the police asked them on three different occasions to please leave. and they refused the police directive. therefore they were arrested for refusing the police but the reporters left that part out and only reported that they were arrested for being an starbucks and that's when starbucks caved in and this is where the race hustlers had a field day because their consulting contracts were signed and starbucks would close down a half a day to teach raised about their employees which is the going bracket in the country and that shows you where we are in the sad state of race in america today. mark: i hear a guy like bernie sanders who has spent his entire career in vermont and what's going on in the inner cities, i see the lot of the reporters who don't live in the inner cities i mean the tough nei

starbucks is your top pick who else do you like who should people stay away from >> i like starbucks. way to think about this category now are not only the winners but how the winners will take shape and which categories will be the most stressed coming out. it's no surprise sit down restaurant, casual dining, fine dining will be disrupted i look at a player like garden starbucks is interesting because they've had to reclose they have seen some weaknesses less morning commuters and less people coming to starbucks 50, 55% of the locations owned by operators with three or less locations. we'll see a lot of shake out in that industry. who will be wait on the back end of that to pick up the market shares it's going to be starbucks they have a great digital platform mobile order and pay system. i think that sets up well for this company there's going to be a lot of ups and downs and this is where you have to look longer term and withstand some volatility. the demand we saw pick up in may and june will subsides a bit in july and august for either reclosing, macro reasons or operational issu

upon high foot traffic like if you're starbucks, all your stores are corporate. you would only be looking to place things where millions of people walk back and forth each day. that's obviously not going be a reality this year. i don't know if we get some of these midtown industrials of major cities back. i don't thi they'll have to make changes like drive throughs. the point is they will they have the financial capability to remake the chain for a new world that we live in and people will still want their coffee i think it will work really well don't be shocked if the stock is back above 100 in a year or two. >> you want to give me a quick thought on starbucks before we move on? >> i entered it. i also sold calls against it because i want to be patient i think there will be some volatility i think it's a wonderful play internationally to look at what they are doing in china. they are investing long term into that chinese consumer i think starbucks is a wonderful play it's a u.s. investor to own the growth of the chinese. the chinese consumer and they spent so mu

starbucks employee arrested, accused of spitting and officers drinks, we will be right back. honest... a little dust? it never bothered me. until i found out what it actually was. dust mite droppings? ewww. dead skin cells? gross! so now, i grab my swiffer sweeper and heavy duty dusters. dusters has three layers that grab, trap and lock away gross dust. gotcha! and, for dust on my floors, i switch to my sweeper. the textured cloths grab, trap and lock dirt and hair... no matter where dust bunnies hide. no more heebie jeebies. glad i stopped cleaning and started swiffering. jillian: 14 people hurt in a shooting at a chicago funeral. rob: the latest act of violence with a sharp rise in shooting, laurie lightfoot agreeing to work with federal agencies to fight violence, promising to keep agents out of the city. >> what happened in portland, what we receive his resources plugging into the existing federal agencies that we work with on a regular basis. rob: acting dhs director chad wolf says they have the right to secure cities until law and order is restored. could execute mayor

well, the ones reported they were locked up for being in starbucks. that's not true.n three different occasions to please leave and they refused the police directive so therefore there were arrested for refusing the police, but the reporters left that part out and only reported that they were arrested for being in starbucks and that's when starbucks caved in and this is where the race reporters had a heydayay because there consulting contracts were signed and they close down for race education for half a day. but that shows you where we are in the sad state of race in america. >> i hear a guy like bernie sanders who had spent his entire career in vermont talking about what's going on in the inner cities. i see a lot of these reporters who don't live in inner cities. i mean, the tough neighborhoods. i see a lot of the politicians selected from these neighborhoods, a lot of them don't live in those neighborhoods most of the time, but when they leave office, they fly home to martha's vineyard or what have you, i don't feel from my perspective that i really get the truth

what do you want to pay for starbucks? it gets back to a company that traded between 25 and 32 times right smack in the middle. the range has been consolidating between a $72 and $75 level. as folks know i've own the stock, owned it for a long time. i think they're going to reload the gun. >> dan >> tim's exactly right at 28 times next year's earnings, if sales are expected to increase 20%, and you get back to normalized or precovid earnings some time in 2021. the stock seems reasonable this stock topped out last summer on this quarter on their fiscal q3. traded $100 and then started going down it never made a new high pre-covid. it looked at investors were getting worried about some sort of headwinds to me, listen, china is important. who know what is this looks like in the next couple quarters. i'm going to be surprised about how good that q4 guidance was. >> shares of shopify soaring omy option traders see even more ro to run. "fast money" will be back after this >>> welcome back to "fast money. "shopify shooting higher

face coverings will become a must at starbucks.alifornia phones offers free specialized phones... like cordless phones. - ( phone ringing ) - big button, and volume-enhanced phones. get details on this state program. visit right now or call during business hours. this virus is testing all of us. and it's testing the people on the front lines of this fight most of all. so abbott is getting new tests into their hands, delivering the critical results they need. and until this fight is over, we...will...never...quit. because they never quit. and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program visit right now or call during business hours. >> back out with a live picture from sky ranger at the demonstrators gathered in martinez. they have come out and they have marched to waterfront park and had a moment of silence. they all took a knee together. as you can see that it certainly appears that they are doing social distancing to keep t

rob: that is highly -- >> get your mask and go to starbuck's.up on our program we will check in with kellyanne conway, special counsel to the president at the white house and you can see we lay out our guests, jack keane, the general will sound off on a new op-ed to claim police reform should start with defunding the pentagon. what? something people are talking about, charles payne with the latest economic news. also on deck geraldo and judge janine and charlie daniels for what would be charlie's last on camera interview with a preview of the fox nation special with country music icon opened about patriotism, faith and a legendary mayor. the first time i have ever seen them not in that legendary hat. sir john rich will be on the show, 12 minutes and 45 seconds from now on the channel you trust for your morning news, carley shimkus and rob will be back in a flash. ♪ ♪ the open road is open again. and wherever you're headed, choice hotels is there. book direct at choicehotels.com. ♪ reinventing. it's what with comcast business, your small business

the fed decision to come out this afternoon >> starbucks to rally. you have got to hear a new reports from moderna over the price tag for its covid vaccine. and we speak to one of the world's biggest oil storage companies about what is going on with crude it is july 29. this is "worldwide exchange" here on cnbc >> good morning, good afternoon, good evening wherever in the world you may be watching. here is how your money are setting up their trade futures we'll call them mildly higher right now. with so much going on today, it is no surprise if wall street and traders are in a wait and see mode at least what we've seen over the last couple of months of 100 to 150 you may have guessed, today, it is all about washington, d.c. and a jam packed schedule. you've got the federal reserve and no clues completing the triple play, congress still in intense talks and debate about the trillion dollar plus relief bill as the clock ticks and expanded unemployment benefits expire this friday, we'll get more on that going around the world in a developing story in ho

amber giles posted this photo on facebook the caption reads meet lennon from starbucks who refused to serve me because i'm not wearing a mask. next time i will wait for cops and bring in medical exemption now that post went viral. and the very center of getting a $100,000 in donations through a go fund me. now giles wants half of that money and is threatening to sue to get it. >>i don't care she gave it to land in he's i'm going to sue him for half of its discrimination and everybody's okay with that and in a bowling in reporting that kind of behavior. >>giles claims she has a medical condition that prevents her from wearing a mask but did not provide a recent doctor's note. she also says the lawyers she's talked about taking her case are too expensive and she can't afford one yet so she's starting her own go fund me. and health experts and government officials are pushing the importance of wearing face masks to help stop the spread of the coronavirus mandy gaither takes a look at which ones work best. >>with so many different masks types out there you may be wondering which ones are

an east bay starbucks worker says the company doesn't make it a requirement. today nbc bay area jody hernandez clarifies the dilemma. >> it's emotionally exhausting to go into work what if today is the day i get it? >> that's how this 20-year-old starbucks worker describes how she feels about serving guests at the drive-thru window. the barista who didn't want us to use her name says most customers don't mask up. >> if you're close enough i can hand you something you should be wearing a mask. >> reporter: while starbucks has signage encouraging customers to wear a mask she says employees aren't required to enforce it. this notice posted on the store's bulletin board says we will not enforce this requirement at the drive-thru unless locally mandated. it also offered workers options what to say if a customer refuses to wear a mask inside the store including telling them they can go through the drive-thru. a starbucks spokeman confirmed to nbc bay area that's indeed their policy. >> the last time i had verbal communication with my manager on the issue she told me

beginning july 15th if you want starbucks you will have to wear a mask.the coffee chain will require customers visiting is 8900 coffee own stores to wear a face mask. the rule is regardless of the local mandate, which varies from state to state or even city to city. starbucks says the customer does not wear a mask, they can order through the drive- through, curbside pickup or have their coffee delivered. >>> the big ten conference is canceling nonconference athletic games. those impacted include michigan, and iowa state, wisconsin and penn state. in a statement, they say it places the health and safety of the student athletes, coaches and others as the number one priority. according to a 2019 analysis by forbes, the top 25 most valuable college football teams in the nation pulled in an estimated $2.7 billion in revenue. seven of them are in the big ten conference. that is your cbs money watch report for more, had to cbsmoneywatch.com. >>> let's get a check on weather with mary lee. good morning. >> good morning to you. happy friday. we are at the end of t

three starbucks. yes. >> that means that you can go get buy one get ones at all of them and you can be bouncing the rest of the day. >> or i could be gifting. yeah. that would be too much caffeine. here is a look at what is going on. look at the summer spread, 65 to 98. and even warmer across the north bay saturday. notice that magenta trying to creep in. and it takes a hold for the most part sunday, 9d 8 in san6 in na. triple digits in fairfield, antioch. and how about the temperature in san jose, low to mid 23450i7b-9. and sunday will be the hottest day in the 7 day forecast. iced coffee that day. >> yes. that is a lot of red going on. >>> coming up next at 5:00, the city beginning to work today so it can offer al fresco dining by this weekend. >>> and coronavirus outbreak on greek road. the jump in cases linked to recent frat parties. >>> and the national debate on whether to reopen schools this fall when the cdc is expected to release its newest guidelines. >>> now at 5:00, new details on what the

happy to see the boss. >>> up next, the conversation with the ceo of starbucks.out the technology being used to make customers feel safe in the shop. and why your morning coffee run may never look the same. that's right after this. ♪ ♪ however you go back, we've got your back. ♪ introducing new best foods drizzle sauce crave-worthy flavors you can drizzle, dip and dress to make home the best restaurant around new drizzle sauces from best foods we're on the side of food. new drizzle sauces from best foods ♪ everyday it's a-getting closer ♪ ♪ going faster than a rollercoaster ♪ ♪ love like yours will surely come my way ♪ ♪ a-hey, a-hey-hey ♪ (music playing) ♪ love like yours will surely come my way ♪ (vo) verizon knows how to build unlimited right. start with america's most awarded network. offer it at a price built for everyone with the most advanced iphone yet. iphone 11 pro on us when you buy one. because everyone deserves the best. this is unlimited built right. mornings were made for better things than rheumatoid arthritis. when considering another treatment,

starbuck's' sales fell 43% in may. had fallen about 23%, so they're both really struggling and i think you'll feel the brunt of the pain in this current quarter. we'll hear from both companies next week. people, as you said, i think there will be some pent-up demand to go out and get your coffee in stores i see it even here, my local starbuck's, the lines are getting a bit longer as we move forward in the future. >> mike, can you have this tension where amazon continues to do well, but i agree, as soon as you can't make your coffee at home, people will be pretty anxious to get it to go. >> starbuck's and dunkin'a are i the business of serving people iced drinks while they're doing something else it's a mobility play and it's people doing that stop along their route. that's why i don't necessarily think it's a zero sum game with amazon, because your stuff, you'll still be in that habit of getting through prime. >> i'm going to make my iced tea today. >> put it out in the sun it works >>> let's talk about what's going on

starbucks workers have been required to wear masks since april. the new customer mandate affects all 9000 starbucks in the united states and begins next wednesday. >>> starting today indoor dining at restaurants is off limits and tasting rooms are closed in napa county. the county has been ordered to reverse course after seen a spike in coronavirus cases over the fourth of july weekend. museums , bars nd movie theaters have been ordered to shut down. one restaurant said that the industry is tightknit and supports each other. >> napa is a close community. even on facebook we have communication with restaurants. it helps that we have downtown seating. and it's unfortunate for those who do not have it. at least we get to stay open. >> napa county is among 26 counties that is being monitored by state health effect until july 30th. >>> san francisco mayor london breed tested negative for the coronavirus. she made that announcement this afternoon via twitter. the mayor said she will take a second test it next week and continue to follow the advice bein

now what we are doing is building a smaller format of a store called starbucks pickup, in china, starbucksand the smaller format, you can think about it in an urban core market as a walk-through. similar to suburban markets where we have drive-thru's. every starbucks pickup store ideally would be within a three to five minute walk of a traditional starbucks store that has seating or a cafe. as a customer you can decide. if i want to share food and beverage with a colleague or friend, you can do that. a you are on the go, you want convenience experience, you can go to the pickup store. we are blending store formats to create a network of that. those are just serving the different need states our customers have for starbucks. it is not a pivot away from it. i view it complementary. >> kevin johnson speaking earlier to bloomberg. we are headed to the south korean open. we are going to be watching samsung of course. we broke those numbers earlier coming in with the net income at $4.6 billion in the second quarter. the quarter ended in june, beating profit estimates. samsung saying they expect

the announcement adds starbucks to the growing list of companies that require companies to wear facialgs. starbucks says customers can still refuse to wear facial coverings but they'll have to use another option to get their cup of joe. that includes going through the drive-thru, using an app to purchase curbside, and to get their coffee delivered. >>> redwood city leaders are trying to entice people to enjoy downtown again. restaurants are now expanding outdoor dining into the streets seven days a week. organizers call it eat, sip, and be in rwc. hand sanitizer stations are set up throughout the area with social distancing rules in place of course. the outdoor dining campaign runs through september. >>> in the north bay, santa rosa is expanding downtown access even as sonoma county awaits possible tighter restrictions. the press democrats reporting that the city is closing 4th street today between b and e streets to create a pedestrian friendly zone for businesses and restaurants. the closure will be in place for the next three months. >>> all right. we're going to get a look at that

one of them we notice is starbucks. reporting on starbucks and how they are telling their employees how to deal with customers who refuse to wear masks what are they supposed to do. >> they are supposed to deescalate the situation if for example, customers come in -- this is something outlined in the training guide, if the customers come in refusing to wear one, citing either the lack of local law mandating it or their rights as americans. and this just underscores the difficult situation that companies are in with the lack of government leadership on this front. it really puts the employees in a situation where they have to become the enforcers. and in this outline that starbucks provided employees, it essentially says that -- it recognizes that employees may not be able to deescalate the situation and things might get ugly. and therefore it warns employees to stay away from anything that could be used for example, as a weapon, which is really scary situation. and it encourages employees to call 911 if they feel like t

stop at starbucks.hey also impacted some other businesses but we are being told that it's peaceful or maybe it's just a few people, a few bad apples in a larger crowd as if they were redecorating the starbucks with their rocks, as if they were celebrating police by throwing fireworks at them. what we are seeing is violence. what we saw was a riot and anyone who is otherwise is lying to you. i understand that there is some nuance to going into in your document a very large crowd and there are two or three bad actors. but the entire crowd is almost full of bad actors. it started off peaceful on saturday as they walked to the juvenile detention center. there is about 4,000 people, 5,000 people and then they said it on fire then that crowd was about 1500. the people who stayed are the bad actors. the people who stayed on the rioters. the people who stayed were saying some horrible things and their goal is not a protest against police fertility. this has nothing to do with george floyd. this has everything t

it's a pretty big step-taking by starbucks.broadly, we have fresh data coming out of the bank of america. they say big restaurant chains are recovering faster than the rest of the industry. small chain restaurants and independent industries are taking much longer than the larger chains to recover from the pandemic. a study that they conducted found that spending at small chain restaurants lagged by about 20%. in trade groups as we've discussed many times before have warned about the dire impact and what this means for the future of independent restaurants acro across the united states. >>> and in some political news that's definitely touching the business world. yesterday the supreme court ruled that president trump's tax and financial records can be turned over to the new york prosecutor but rejected the democrats' bid. so conflicting decisions there and it looks like we're not going to get the president's tax returns before the election. we know that president trump came into office with this big international business empire

we know the new starbucks sandwiches are out on their menus now.tive retail effect, because of the coronavirus pandemic? people just were cooking at home and i know that restaurants and retail is a big source of revenue for you. how's it going? >> well, we actually have had very rapid growth during the past several months of our retail business. we started the year at 150 grocery stores and now we are in more than 5,000 across the country, and the sales are going very well. because so much of that growth has happened during the covid epidemic we don't have a pre-covid baseline to compare to. but no, it's going extremely well. we have continued to launch in restaurants, we launched in starbucks just a couple weeks ago, 15,000 starbucks outlets, everything i have heard is that that's going extremely well. i think, you know, covid is disrupting everything, but the demand from consumers for plant-based foods is just going up and up and up and i would say that's not being slowed down significantly by covid. cheryl: your competitor, beyond meat, is now l

well starbucks speaking of a drive-thrus starbucks is goine customers wear face coverings if they come inside stores. >>the company announced the rule for all its locations in the u.s., it's going go into effect starting next wednesday july 15th so keep that in mind if you're going inside a starbucks you're going to have to wear a mask. >>in the south bay the victorian garden at the winchester mystery house is going to reopen on monday for self-guided audio tours. >>tour will take you throughout the garden. it will not allow you to go inside the mansion, however, the guests will get a guide and a map on their phone and the mansion also offers virtual tours 2 of the mansion in the gardens on its website as well if you're interested. >>in southern california. disney world well downtown disney in california is open sorry you can go to just disney downtown and shop and that's a video of this is people waited big lines to do that. but. yesterday james yeah, disney world in covid central in florida opened to pass holders for the first time to so disney world, the rides are open and then this

you bought new call buys on starbucks, chewy, i'm going to save financial until after our break. snap, draftkings, which you already own the stock in phillips 66 and freeport mcmoran. jim, what do you make of that? >> i like everyone, the toughest one for me is starbucks, because i don't know about china i still think kevin johnson has to keep spending to build enough star becomes because it's a line company. if you go to an airport starbucks, the line might into a boeing dreamliner, it's so bad that's the only one i question the rest of them -- and free port, i don't floe freeport before the quarter, gee, that's a tough one. they had a very big move >> i talked to mark britt to he's got tremendous copper >> wrrnt you guys shocked. >> can you believe that? are you watching some of these crazy moves? >> those rahel's list. >> give me some other new highs. >> absolutely. buy right to the print >> at one point there was -- not so much, i think it's trading negatively, but those are some decent names >> spotify. >> spotify just had a new deal >> lab corp, they have too much business,

starbucks and donalds have reported their earnings.t conditions easing despite the fact that coronavirus cases are still rising in the united states, most of stores are now open and that has helped it. it did report a sharp decline in sales, in fact a 38% drop in revenue but that was slightly better than analyst had been forecasting and as a result of that shares traded slightly higher after they reported their results. it with a slightly different story at mcdonald's, the fast food giant said that its results also were hit by the pandemic. it saw sales internationally were down just shy of 24% on a comparable basis. the problem they had was that that was worse than a nalyst that that was worse than a na lyst ha d that that was worse than analyst had been forecasting and so as a result of that share price fell quite sharply. there were some interesting comments from mcdonald's executives afterwards, though, and they said that they thought this quarter represented the trough, in other words they thought that this was the worst or as bad

next stop, starbucks. okay. virus hurt their sales but the stock is up nicely this morning, 3.6%. lauren, this is all about curbside pickup, isn't it? lauren: speaking about pivoting, yes. they have pivoted to curbside pickup and they will now offer it at 1,000 more stores. but this is the worst loss, numbers were bad, worst loss for starbucks in over a decade. their same store sales globally fell 40%. it gets a little bit worse for the company. it resulted in lost sales of more than $3 billion in the quarter and starbucks had to pay workers more money to come in, and their same wages to stay home. guess how much that cost them? $350 million in the quarter. stuart: $350 million. my goodness me. lot of money. got it. lauren: paying you to work and stay home. stuart: right. all right. we are five minutes into the trading session. here's where we are. dow is up 44 points. just look at that level, 26,400. the ten-year treasury yield this morning is .57%. the price of bitcoin -- sorry, gold, let's do gold first, gold

starbucks says the mandate is part of the helping customers and workers.sks supersedes laws in other areas. customers who refuse to wear a mask, they can order from the drive through, curbside pickup or delivery. making a big stand on the locations. >> got to wear that mask. you need your starbucks fix. >> yeah. >> thanks so much for joining us. have a great weekend. i'm laura jarrett. >> i'm christine romans. "new day" starts right now. this is happening today. excellence crème by l'oréal paris. three steps for one hundred percent gray coverage. and rich, radiant color. oh my god, i'm so happy! excellence crème, by l'oréal paris. we're all worth it. no matter what challenges life throws at you, we're always here to help with fast response and great service and it doesn't stop there we're also here to help look ahead that's why we're helping members catch up by spreading any missed usaa insurance payments over the next twelve months so you can keep more cash in your pockets for when it matters most and that's just one of the many ways we're here to help th

dijo conozcan a lenin de starbucks quien se rehusó a atenderme porque la tengo cubrebocas. una cuenta de recaudación de fondos como agradecimiento a lenin por haber sido avergonzado públicamente tras haber hecho su trabajo. >>> ahora ya tiene $100,000 en sus manos. >>> qué planeas hacer con el dinero. >>> quieres hacer tu carrera de baile. >>> sí. >>> en fluencia dedicada al baile desde mucho antes de comenzar a trabajar en este starbucks hace casi tres años. >>> dice que por el momento no va a tocar no centavo de los semestrales ya que aunque uno tiene un plan completo una de sus opciones es invertir en su propia academia de baile pero con la pandemia no cree que sea una buena idea empezar la planta. >>> de lenin crecido sin sus padres. sus hermanas mayores lo que era como su situación que quiso compartirles un poco de dinero se rehusaron a recibirlo. >>> en esta entrevista exclusiva que tuvimos hace días con la mujer que le tomó la progresiva nos comentó que ella es la víctima en este caso y que se sintió discriminada al no haber sido concebida. >>> lenin atesorar el inci

>> caller: i just want to know your thoughts on starbucks >> everybody hates starbucks now.e going see a starbucks on every single corner and people will want that and the drive throughs are good. ladies and gentlemen, that's the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade ♪ ♪ ♪ >>> this is a speculator's market, no kidding they've made people a boat load of money even though they can't cruise. and they've had to take on a mountain of debt if we don't get a vaccine in the next 12 months, those stocks are sunk the airline stocks are bleeding from the eyeballs and had to be bailed out by the government anything connected to electric vehicles is on fire. the covid vaccine. so for those of you who made a killing speculating these things, i've got something for you to do. i'm going to urge you, on monday, to do something a little different. i want you to bring the register on some. i'm not trying to deny what you do, on your amazing gains and swap for high quality investments, to give you much-needed stability. instead of banking on ame

no more scrambling to reload your starbucks app. how the coffee chain is making it easier to pay and earn rewards. before we go to break, we asked what you think about the giant's manager and players taking a knee during the national anthem. he thinks players, managers, and coaches have the right to protest peacefully. but denis says politics have no place in sports. and charlene says she's proud to be a fan of the joins. you too can weigh in now on our online professional networking site linked in is slashing a thousand jobs in its sales and hiring divisions. that's about 6% of the workforce. the san francisco based company attributes the cuts to the pandemic. but another online platform is hiring. tiktok plans to create tens of thousands of jobs in the u.s. over the next three years. new jobs will be based in california, texas, florida, and new york. and includes sales, content, moderation, engineering, and customer support. >>> the stock market is seeing an increase in first time investors. our lynn key spoke with the san francis

. >>> starting next week, starbucks says that customers will have to wear face coverings regardless of regional rules. starbucks said that customers that do not want to wear a mask inside will be able to order from the drive through, or do curbside pickup or delivery. the customer mandate will be affecting all 9000 starbucks locations in the u.s., and it begins next wednesday. >>> golden gate transit has major service changes that are coming beginning sunday. the golden gate transit authority will have a temporary restructuring. some of the commute routes will be cut by 50 percent. others will be expanding. officials say they hope to work out a balance between matching service levels with the low rider demand, while at the same time having enough service to allow for physical distancing on buses. california has now unveiled their vision for high-speed trains between san jose and san francisco. they want to provide a 30 minute ride between the two cities on what would be the busiest stretch of california proposed 520 mile rail system. the bullet train will go as fast as 220 miles an hou

starbucks says customers who don't want to wear a mask inside can order from the drive- through, curbside pickup or delivery. the new customer mandate will affect all 9000 locations in the u.s. and it begins next wednesday. a new mobile covid-19 testing site will be available at the latino task force resource hub in san francisco's mission district. it is located on alabama street and provides free testing for people who have to leave home to go to work. the testing site will operate on thursdays from 10:00 a.m. until 3:00 p.m. and you do not have to have an appointment. scientists say they have identified key chemical building blocks for an eventual antiviral drug against covid- 19. researchers say the newly identified compounds bind to an enzyme produced by the virus which is critical in its ability to replicate in human cells. they say further work is needed to come up with a workable drug, but the research offers some hope in the battle against the virus. and federal health officials are already trying to decide who will get the first doses of coronavirus vaccines once they become ava

meet lennan from starbucks who refused to serve me. next time i'll wait for cops and bring a medical exemption. seriously? the woman was quickly called out. support for lenen poured in, that led to $100,000 from americans. he said he's going to use some of the money to pursue dreams of becoming a dancer and donate some to community groups. how about that, be an american, be like lenin, ask people to do the right thing. don't be like this lady. this is not about your freedom, your freedom to wear or not wear a mask end where it encroaches on somebody else's freedom not to get sick from you, okay? surrender the me to the we. interdependence day. sounds great. thank you for watching. "cnn tonight" with laura coates, the upgrade. i didn't think of it, interdependence day, i love it. >> i love the fact that it was turned on her. she thought she was going to get an outpouring of support to criticize this young man. instead people are saying, no, do you have a mask? put their money where their mouths are about this issue. it seems like a very

i've been aggressively buying stocks i bought restaurants, i bought starbuck's he said the whole country needs to sit at home and order chipotle neither one of those scenarios exactly came to pass, but i can understand it. people were tweeting -- mike novigratz was tweeting before the interview ended, get this guy off the air, he's scaring everybody. >> people were so emotional about that interview, and i think people listened -- i hate to say this and i get criticized for staying this -- i think people listened to what they wanted to listen to in that moment if you go back and look at the transcript, he said what he meant. i had been talking to him prior to that back in february, even, and knew that he had been short. he publicly disclosed that short position in documents that were filed with the sec and whatnot, so i know there was lots of c conjecture about what was going on during that period. if you go back and listen to the interview and really listen, he was closer to right than wrong and here we are. >> he was so concerned about covid. that's why he was saying, we need the shutdo

. >>> if you use the starbucks app, there are some changes coming.g this fall, you can pay for your order by using a credit card, your mobile wallet or even cash. right now there is an extra step. you have to add money to your starbucks card using one of those methods to make a purchase with the app. the down side of not using the starbucks card or gift card anymore is that you will only get half the number of stars for rewards. so kumasi, that is how they get ya. >> it is always something. >>> the three big nba names launching a major new effort today. >>> also california's only known wolfpack is getting book two separate qualifying stays and earn a free night. the open road is open again. and wherever you're headed, choice hotels is there. book direct at choicehotels.com. >>> let's take a look at what is going on in the tropics. especially the eastern pacific as we switch with into the central pacific which means that we have a tropical storm that will ramp up,imal hurricane and then drop down to a tropical storm again by the time it hits the big i

. >>> coming up, starbucks called out for its mask policy. the loophole that one employee says could be leaving workers exposed. >>> happening now, costco appears to be bringing back its popular custom size half sheet cakes. last month costco pulled the cakes and said it had no plans to bring them back. customers took to social media, petitioning the company to make the cakes again. it did. our consumer team spotted the cake-ordering stations at warehouses in the south bay. the price for a half-sheet of cake, $19.95. we're back in a moment. layed 201 summer games. tomorrow morning from 4:30 to 7. lebron james proving to be a momma )s boy. the lakers superstar says the hardest part of motorcycle riders love the open road. and geico loves helping riders get to where they're going, so to help even more, geico is giving new and current customers a fifteen percent credit on their motorcycle policies with the geico giveback. and because we're committed for the long haul, the credit lasts your full policy term. the geico giveback. helping riders foc

at like the example of the more clothes if you look at companies that have adjusted quickly like starbucks what they're doing is they're reconfiguring taking moving out of norms and taking their regular customer base to what they call in the 3rd place and the 3rd place it somewhere not only the not the office but a lot of people want to get out of their apartments they. been able to reconfigure so a business has to be able to reconfigure and readjust obviously soon the stock is up 120 percent everybody's going to be looking to see how they can operate under zoom what i have heard and seen through big businesses are that they are not going to be doing the kind of business travel that they have and i think an interesting factor to also consider is a look at though you just mentioned sports you know the nationals on going back were going back that some of their players have tested positive look at sports that are going to do very well like bowl perpich social distancing the p.g.a. has continued to have torments so i think you're going to see different kind of sports take place and businesses

they're making the spread of covid. >> starbucks said it didn't realize the mask ordinance applied to drive-throughs. the penalty for not obeying the mandate ranges from $100 to $500 depending on the number of offenses. >>> the biggest tech show in the world is using technology, of course, to go virtual. organizers of the consumer electrics show announced today the in-person event in las vegas is canceled. instead, ces 2021 will be held online only in january. it will include speeches, conferences, and of course showcases of all the latest and greatest tech gadgets. due to the pandemic, organizers say it simply wasn't possible to safely hold an event that attracts more than 150,000 people each year. >> well, maybe it's everyone sheltering at home that gave netflix the edge, but the los gatos streaming service made history at today's emmy nominations. netflix broke the record for the most nominations in a season with 160. hbo's watchmen was the most nominated show, receiving 26 nominations. jimmy kimmel will host the emmy awards september 20th though right now no word on just what the