to bring starbucks to turkey. because when i first entered the starbucks store in the u.s. after i finished college, i was so impressed, and i thought this was the best thing i have seen in my life. we need to have it in turkey. and i wrote at that time and you were not giving franchise and i was turned down. >> sorry. >> that's ok. you don't know that story. but anyway the bottom line is the reason i was inspired then and still am is the culture you are building. not only a coffee store, you are embracing your customers, and also employees that i heard today, impressed even more. so it's a great story. so anyway, i just wanted to share this with you since i found out about your opportunity. but my question is about your business strategy in italy. so that's how it came up. did you come up with the new strategy when you opened italian stores? because it's a country with a lot of coffee bars. so i'd like to hear on that t and also the second thing is starbucks stores are really unique, just given the culture or the

the rights of starbucks.e time for $3.8 million. i didn't have any money. he gave me a 60 day exclusive and after 30 days asked how i was doing raising the money. i said i'm halfway there but i'm so confident i'm going to find the rest. he said we have a problem. another investor showed up and offered him an all cash to with no due diligence in a quick closing. he said, i think i'm gonna have to take it. and i said wait, you said he had an exclusive. it turned out an investor of mine behind my back and was going to steal the company for me. worse than that, this is one of the titans of seattle. i was crushed. i came home and said probably cried and said i don't know what to do. i shared the story with a friend of mine who is attorney and he says to me, you have to come talk to the senior partners. when i said sure, who is it? he gave me a name and never hurt, and he said bill gates senior. i had never heard of bill gates senior. at the time bill gates was not bill gates. so at 8:00 o'clock in the morning i we

starbucks wants to invest in the u.s.ecially in the afternoon to get more customers in the stores of it's going to work here remains to be seen and maybe one word old so to nestle they only have a market share here in the u.s. of about three percent of the package to a coffee business so there clearly is together to get a better feel for toll here in the united states but when it comes down to starbucks starbucks there is some skepticism regarding this deal and we've also got markets rebounding at the moment yes what's been driving that well i mean one of our technical factors so we saw that pos thursday when it one point blue chips lost almost four hundred points and we crossed a crucial two hundred day everett and then we rebounded from that market we had a very strong reading on friday was another up day of about three hundred points and also here on monday the market started it was a solid increase of a good two hundred points we had energy stocks in. oil prices being the west texas intermediate oil prices here in the

and starbucks is a mega power in the u.s. so for nestle this is a big deal moving forward for starbucks seven point one five billion dollars that's huge for them the company is worth forty four billion dollars but on top of that they will be also be getting royalties from nestle once these products go to into nestle's hands or start getting this massive distribution around the world alex according to kevin johnson the starbucks c.e.o. he says it's going to bring a starbucks experience to millions more around the world with. the reputation or reach of nestle's curious what you think of that statement and i'm curious whether or not we're going to have nestle's crunch coffee coming to us in the near future interestingly enough leslie's won't even be showing up on the labels of any of these starbucks products because nestle's know this whole great reputation that they have well you know maybe among business it is but not amongst people or scandal after scandal you remember the ninety's the baby formula palm oil rig attendees dyin

so we reach a peak at starbucks think again nestle pays the u.s. giant seven billion dollars to sell its coffee and home. or so coming up the red grape wine made from. everyone is going down a treat. this is your business update i'm going home for good to have you with us now if you thought starbucks coffee shops where everywhere is definitely no getting away from them now the swiss food giant nestlé best known for its to coffee coffee nest cafe has struck a make a deal with starbucks buying the rights to sell the company's products for more than seven billion dollars. coffee has a record lee growing market and the competition is fierce nestle hopes this make it alliance with starbucks will reinvigorate the brand the swiss food giant will pay for the rights to market and sell starbucks products outside of starbucks chains like in restaurants and supermarkets this unit of the business currently generates starbucks around two billion dollars in annual sales mislay will pay around seven billion u.s. dollars for the rights the u.s. is the second bigges

have you the trainings are mostly videos by starbucks employees of starbucks management and trainers and then the employees apparently are going to be breaking into groups where they discuss different bias issues and how to deal with gaming is it possible to estimate how much this is cost the company. well it's saying but it is unprecedented for us companies because starbucks to shut down so many stores like this to do training. they're saying that it's anywhere between ten and twenty million dollars in lost profits because of this but starbucks says that's a small price to pay given how bad this situation was at this starbucks last month when these two black men were kicked out and arrested they say that led to. calls on social media and elsewhere to boycotts boycott starbucks and the company is basically saying they need to make this situation right and he critics however say that this is just simply a p.r. move by the company and that no way that a few hours of racial bias training over will will make up for decades of racial bias here in america either way though it is unpreceden

products outside of starbucks chains like in restaurants and supermarkets this unit of the businesscurrently generates starbucks around two billion dollars in annual sales mislay will pay around seven billion u.s. dollars for the rights the u.s. is the second biggest coffee market after the e.u. with a share of sixteen point three percent nestlé has announced it will take on five hundred starbucks employees who will continue to manage the business from the u.s. and the coffees won't be affected the deal is yet to be approved by the regulators . and we can cross to our financial correspondent now daniel frankfurt daniel nestle's traded on the s.m.i. in zurich how did investors over there and in frankfurt where you all take the latest nice well in fact a very positive shares of nestle went up during today's a trading day to a level of one point six per cent they are optimistic that the deal could be done already by the end of this year and investors are hoping for more synergies between the companies and at the same time cost cutting we have to remember that starbucks has been struggl

you are starbucks, starbucks is you in many ways.u just tell me your gut, what did you feel when you realized this happen to these two men because of their race? >> i was personally horrified by it. when you think about the values of starbucks providing health insurance, free college tuition, the things we've done for opportunity youth, veterans, refugees, all of these things, for this to happen is such an -- however it did happen. we did not blame the manager. we took full responsibility. i took full responsibility immediately, went to philadelphia but from a personal level, it was hard for me to actually imagine this could happen at starbucks. and in a way, because it did happen -- >> why is it hard for to you imagine it could happen at starbucks? you think about race relations in this country. there was a poll last year that showed that 70% of americans feel like race relations have gotten worse in the last decade. >> because the culture and values of the company are so steeped in compassion and humanity, 40% of our workforce are

will allow it to market starbucks products outside of the american company coffee shops starbucks hopes this will have boost its food and coffee products which are already generating around two billion dollars in annual sales and nestle expects the deal to strengthen its position in the north american market. for more crossover to danielle cooper standing by for us in france thirty down here tell me what are investors making of this deal and how will it affect consumers well if the deal is really going to happen it's still depending on the approval of e.u. authorities investors are actually telling me where they think this is a very good deal this is also reflecting on the share price off nestle today being traded at the asam i in zurich shares are nestle went up by more than zero point seven per cent in general the coffee industry is considered by investors a very important industry just last year in two thousand and seventeen the average german was buying four point one kilos of coffee for the customer not too much is going to change just when you go to the supermarket and you want to

coffee alliance they want the rights to sell starbucks products outside of the coffee giant stores.ucks uses the proceeds to speed up its own share buy backs. >> you may have already had yours but transatlantic, is this all about trying to get market share? >> it is about improving both. it has been a difficult market. i think it's improving the growth and a unique opportunity to get there >> we have heard of many such deals. we had a guest on the show talking about it has been a year as far as years are concerned. many of them are in the retail sector >> it is being disrupted by technology we think primarily super markets will have difficult times there. so they are really competing with that delivery i would say it is important that can be leveraged globally it is also a smart move by necessa nestle to go by this so i think it will protect them against this whole technological disruption thankin thanks for that. is this mostly about improving itself in north america? >> yes i think it has been unrepresented in northamerica. >> is there any downside to this deal >> i know they is h

starbucks is open for business again today. a thousands doors across the country closing for racial bias trading. an estimated $12 million in revenue called police who had not purchased anything and didn't leave this door by an employee. taking a look at shares of starbucks up a fraction for the year. those are your headlines. >> thank you so much for the starbucks training day. more from kevin johns. >> i wrote a piece on fox business.com about it. i thought it was a really smart move by starbucks. i know there's a lot of controversy and people are criticizing the move. i think they had to do something and he acted decisively, quickly not a symbolic gesture to stand behind it. i think it's an important step in the right direction. i've been curious to talk to you about it. >> at admission diminishment believes there's real bias among their employees. >> i think systemic problem. you take one incident in one store with one manager and then you make it a companywide problem. >> they are making it a systemic issue in society. the

this is an investment in the future of starbucks. be a long journey, but it's one we are committed to. you know, these are hard issues. when you begin dialogue around race and racial bias. but we're approaching it in a serious, thoughtful way with a lot of help from our outside advisers, and we think this is going to make a meaningful difference in who we are as a company and how we show up in the future. >> reporter: following the parkland shooting, there was #boycottnra. in response at least a dozen companies, including delta airlines, metlife insurance, and wyndham hotels, cut ties with the nra and ended discount programs. and sometimes the virtual protests force about face-to-face confrontations. take waffle house. >> the customers are eating, they are happening to be white customers only. >> reporter: after two racially charged incidents were caught on tape the same day, waffle house met with protesters at their headquarters in atlanta. >> before social media, companies had a luxury of either being in denial about how the public

those starbucks are staying open wiechlt?ause they've got corporate policy against this kind of behavior and starbucks ought to follow their lead. their licensees are doing a great job and they should follow that with their company stores. >> sounds like you think -- we're in this era where ceos are confronted with political dilemmas or debates and feel like they have to make a call one way or another, that it's impossible to remain truly neutral to all your customers all the time you think there's a way to do that >> absolutely. the world is full of controversy. and the controversies in new york city are different than they are in seattle or hopedale, ohio it's an executive's job to stay strateg strategic, focus on their customers, their employees and stay in the neutral territory. if you start championing one cause over another, you're going to alienate customers and you should never do that in retail business. >> really quickly, ed, on brand pow power, we were talking about starbucks today but also jab and owning sumtown a

rajini: starbucks was accused of discrimination. its ceo apologized, promising to take action. >> we are closing all 8000-plus u.s. company-operated stores in the united states for mandatory training around unconscious bias. >> we will have a conversation about what is diversity. rajini: this group of charity workers in richmond, virginia, have signed up for the same sort of sessions starbucks started taking. >> everybody ready? let's go. everyone is subject to unconscious bias and everyone has to work hard to overcome it. we have to take specific strategies so we are not affected by it. rajini: those strategies include being painfully honest about what your prejudices are so you can deal with them. >> it has been great training so far because it has caused me to step outside my comfort zone and individual consciousness. >> i feel like a lot of times when you are bringing up equity and bias and a lot of people think about it from a personal standpoint instead of thinking of it as something that is societal. rajini: changing biases w

but what's really interesting to me is that starbucks is trying, right? had a horrible commercial. what are they doing in the aftermath of that? what, like you said, is waffle house doing? what are all the other companies doing? and so the question becomes to me can we start to get other companies to take advantage of the tools that are being created for this training and to start to use those as well, because i think that if we start to saturate that corporate market with more of an inclusion narrative, then starbucks could really be a leader in a bigger way than we're all realizing. >> you know, jammel, when you're in this age of trump where people are standing up to them and them being us, you contrast a waffle house with a starbucks, and again, i'm by no stretch not saying we must hold starbucks accountable beyond tuesday, but, for example, i asked the ceo of starbucks what more can corporations do regarding race. listen to this and respond. >> during the age of such polarization and racial antipathy, what do corporations who make money from the publi

will reinvigorate the brand to swiss food giant will pay for the rights to market and sell starbucksproducts outside of starbucks chains like in restaurants and supermarkets this unit of the business currently generates starbucks around two billion dollars in annual sales mislay will pay around seven billion u.s. dollars for the rights the u.s. is the second biggest coffee market after the e.u. with a share of sixteen point three percent nestlé has announced it will take on five hundred starbucks employees who will continue to manage the business from the u.s. and the coffees won't be affected the deal is yet to be approved by the regulators . and we can cross to our financial correspondent now daniel cope in frankfurt daniel nestle's traded on the s.m.i. in zurich how did investors over there and in frankfurt where you all take the latest news. well in fact a very positive shares of nestle went out during today's trading day to a level of one point six per cent they are optimistic that the deal could be done already by the end of this year and investors are hoping for more synergies

tonight, can starbucks' one-day shutdown for racial awareness training crack the unconscious bias code? i'm joined by william jawando who worked on these issues for president obama. >>> plus, the writer and activist angela davis. >>> also ahead, america's opioid addiction crisis. i speak to the journalist barry mayer who says farmer executives knew that prescription opioids were being widely abused. >>> good evening, everyone, and welcome to the program. i'm christiane amanpour in london. as america continues to grapple with racism, today abc has canceled its highly rated sitcom "roseanne" after the star, roseanne barr, posted a tweet that the network calls abhorrent, repugnant, and inconsistent with our values, aka racist. this as a rare and massive effort got under way today in the united states to root out ingrained sometimes unconscious prejudice across the entire starbucks workforce. the global coffee empire closed more than 8,000 of its cafes around the u.s. for several hours so that some 175,000 employees could take anti-bias training. starbucks ordered the nationwide training d

some starbucks shops will be open this afternoon, those in hotels and grocery stores, starbucks will make this training material available to all of its employees. >> starbucks tweeted this out a fehourago saying thank you for your patience and support as we renew our promise to make starbucks and inclusive gathering place for all. see you tomorrow. >>> abc entertainment president has announced the network has canceled the roseann reboot. this comes after the star actress went on a racially charged twitter rant. she tweeted was in brotherhood and planet of the apes had a baby equals vj. she was referring to valerie jarrett. the comedian apologized for the tweet and took it down. no reaction from her on the cancellations of the show. >>> the cal women's basketball coaches accusing southwest airlines of racial insensitivity. she says it started after a flight she took with her son. jessica florez says she was asked the question she believes was an appropriate. >> reporter: the cal women's baskerville coach says she was trying to fly here to oakland international airport. she believes a

she is outside in the rain at a starbucks right now.ey, christina, up umbrella's up. >> a stranger gave it to me. anyone can walk into a starbucks. don't have to buy coffee or use bathroom. i tried it out, they gave me the code. that is a new policy to let starbucks be more inclusive. you can't drink, do drugs or sleep or do anything inappropriate in the wash many. an employee called police on two african-american men in april. this happened in a philadelphia store. the men were just sitting there. they didn't buy anything, so the employee called police on the two men. this is not the first time. just five days ago you had a starbucks employee wrote a racial slur on a cup of a latino customer. clearly there are issues with racial bias or sensitivity going on with starbucks. what we did do when it wasn't raining i spoke to a bunch of customers it seems overwhelming positive about the guest policy. here is what they had to say. >> that could be a issue, if there are too many people taking advantage of that which we are not accustomed. >>

. >> if you're planning a starbucks run, go early. more than 8,000 locations will close this afternoon so employees can undergo racial bias training following the incident in philadelphia last month. >> we have an opportunity given the fact that we have stores in every community in america to begin a very important conversation. this is probably one of the most important transformational moments in the history of our company, and we've taken it seriously. >> this is just the beginning. we don't think this is a magic moment and we're all together. >> that's right. this is a beginning of a journey, and we have steps that will follow this. i see this as something that's woven into the fabric of how we operate as a company. >> lots to cover today. we begin with international confrontations for the united states on two fronts. china and north korea. the trump administration moving ahead with tough new trade measures on china. again calling the country's trade practices unfair. but could that complicate talks with north korea? there appears

starbucks close all eight thousand of its u.s. stores on tuesdays that the staff could get training to avoid racial bias the move follows an incident last month when two black men were kicked out of the coffee shop after asking to use the bathroom gabriel elizondo reports from for the dollar figure. at first it was business as usual at starbucks but by midday the doors were locked and stead of serving. the only thing on the menu was racial bias training for employees this sign was put on the front door telling customers to come back tomorrow five to the press wasn't allowed inside a new starbucks really has to be arcs of the training that he and he will ease managers trainers discuss exertional bias and how to deal with it the company tramplings third place in the place between home and work we don't where everyone is welcome or can we structurally change the organization it's an unprecedented move the world's largest coffee chain closing over eight thousand stores it racial bias training to one hundred seventy five thousand emplo

it is the latter that starbucks is focused on. >> when it comes to starbucks, do you think this is art or is this something more? is this more sincere than that? >> well, it would be a very expensive pr effort. i have to say the amount of effort they have spent, the amount of time they have spent turning around this initiative into something that was actionable in a short period of time, the parties that they have enlisted, i think all of these point to the signs that starbucks is serious about what it is trying to accomplish today. >> the coo of the company is also said as we kind of heard earlier this is a first step, they're work on additional content and modules, they want to roll out each mothenth. he sees this being rolled into the fabric of starbucks, the company. if that happens, do you think businesses like starbucks could actually lead the way in making this change in society? >> well, kate, the reality is that so many businesses already are. that's what i meant by larger diversity and inclusion strategy. in any given fortunate 100, 500 company today, you have a position --

will reinvigorate the brand to swiss food giant will pay for the rights to market and sell starbucksproducts outside of starbucks chains like in restaurants and supermarkets this unit of the business currently generates starbucks around two billion dollars in annual sales mislay will pay around seven billion u.s. dollars for the rights the u.s. is the second biggest coffee market after the e.u. with a share of sixteen point three percent nestlé has announced it will take on five hundred starbucks employees who will continue to manage the business from the u.s. and the coffees won't be affected regulators still have to approve the deal. well let's get more on this now with our financial correspondent eight new york yes court again of course starbucks coffee shops are literally everywhere where you are how are those caffeinated trade is reacting to the nice well wall street still remains to be quite skeptical and the stock of starbucks was under pressure most of those seven billion dollars what is a lot of money will basically go right back to investors with a mess of share buyback pro

pay starbucks up front in cash just over $7 billion for the rights to distribute starbucks food services. shares in nestle are up 6.1%. vonnie: as you mentioned, there are some holidays in the world, so we are not getting a completely accurate picture of markets this week. dollar,eeing a stronger maintaining last week's rebound. peso, 19.41 now. at 2.95.10-year yelled this is something to watch, this might change as the fed might get more volatile this week as we wait for donald trump to make a decision on iran. let's take a look at macro movers. 3.5% as trade talks continue. news foreing worrying argentina, which we obviously know about. in terms of currencies, the lira is weaker along with the peso yuan.e mark: i searched the building under every cranny, i found someone brilliant, the perfect person today to talk about the markets. thank you, christine. let's talk about the probabilities, bring this up, the probabilities of a rate hike, no change, not going to happen. interesting. the hike probability, interesting, from pretty much certainty to pretty much very unlikely. >> mark carne

i commend starbucks for taking that action. i hope that this helps move america forward and in terms of race relations. >> i think it's great. everybody needs to know what's going on. i think everybody needs to be educated regarding that incident what happened. >> bringing it to life. we start addressing a situation and realize there was mistakes made and they should probably address that and make their employees aware of what's going on and how to handle situations like that, better light in the future,you know. >> now some analysts say starbucks could lose as much as $12 million as a result of this closure. it's unclear what the training will be here but we know this starbucks will close around 2:00 p.m. and workers say the training will last roughly four hours. we're live in walnut creek, pete suratos, "today in the bay." . >> protesters including teachers and parents and students will rally to show support for the superintendent around noon today. they claim there have been attempts to oust bower. the school board has been

(buzzer) hey, welcome to starbucks. open!er) here's a correct way to greet a black person in your store. hello. ( ding ) let's move on. >> writing black names on coffee cups. >> this is for -- >> roshanda. >> of course. of course. (buzzer) here's what he should have done. >> it's roshanda. >> i'm sorry, i have this disease where i forget how to read. would you mind spelling that for nee? >> sure. r -- >> er -- >> u -- >> u -- ( ding ) >> bathroom access. from time to time, starbucks customers will need to eva evace their bowels. we must be sensitive. >> may i get the code to the rest room? >> you ain't gonna buy knotting? no snack or nothing in you think you will walk up and take a shit for free? ain't nothing out here in here for free. you go piss in the gutter. i'll call 911 on your ass before i let you ryan these white folks' toilet (buzzer) >> a better approach. >> the code to the rest room? >> 0115, dr. king's birthday. (ding-ding) ( ding ) >> there you have it, now you know how to make african-americans feel welcome at

. >> starbucks locations will reopen tomorrow morning. they underwent diversity training this afternoon. >> hello, ever again, i am heather holmes. >> nationwide trading session comes with the arrest of two african american men in philadelphia. here is live coverage she is at a close starbucks in san jose here is azenith smith. >> a lot of people didn't realize that starbucks is closing early until they read the sign it stays, we look forward to seeing you will reopen at 4:30 am. employees for the evening sharing ideas about how to make starbucks even more welcoming. one by one starbuck customers need an afternoon pick me up and they found the doors locked. these doors closed at 2:15 pm for diverse training. some customers walked away clearly disappointed. >> i was looking forward to my coffee. the store in downtown san jose is one of 8000 starbucks cafis across the country a closed or racial bias training for one or 75,000 employees. >> we are here to make starbucks a place where everyone, everyone feels welcome. >> they watch videos abo

this year, starbucks will earn about $2 billion in stores. the u.s.s the second biggest coffee market after the eu with a share of 16%. nestle has announced they will take on 500 starbucks employees who will manage that business from the u.s.. regulars still have to approve the deal. >> getting more on this with our financial correspondent in. new york -- in new york. >> how our caffeinated traders reacting to the news? >> wall street remains quite skeptical. starbucks was under slight pressure. $7 billion, a lot of money, will basically go back to investors with the buyback programs. it's not the most innovative way to spend the money. and starbucks wants to invest in the u.s., especially in the afternoon, to get customers into stores. if that works will remain to be seen. they only have a market share in the u.s. about 3% of the packaged coffee business. they are looking to get a better foothold in the united states. when it comes to starbucks, there is skepticism regarding the steel. -- regarding this deal. >> what has been driving the markets? >>

starbucks will let people use the rest rooms because everybody is at starbucks at one point or anotherso i guess as a patron that would be a good thing to have."> a starbucks spokesperson says the company's policies are still under a 90-day review but the coffee company is telling all its employees to ensure all its customers feel welcomelive in walnut creek gayle ong kron 4 news. ( ken) a live look outside on this friday night (pam) lawrence has the forecast... lawrence karnow: it was a beautiful day all the way to the coast but tonight the winds are going to howl. a high wind advisory has been posted over the north, east and south bay mountains. some gusts could be as high as 55 mph. it will be windy at times in the valleys too with some gusts over 30 mph. the offshore winds will keep skies mostly clear with mild temperatures. a few showers continue to pop up over the sierra and will continue to do so this weekend. on the satellite image you can see the area of low pressure now east of california and high pressure building toward the coast. the difference between the two will make fo

, and thatis deal with starbucks, as well, and that is that they will go through the starbucks programmeh will pay for them to finish their undergraduate degrees. so that is really quite nice as well, and of course, starbucks in the us will close all of its 8000 branches so eve ryo ne close all of its 8000 branches so everyone can have training about what to do regarding bias. maybe they saved a little bit of face, because it was a huge scandal when this story emerged. and so it should have been. the training will be how not to show bias against certain people, and that is what they are doing. let's share a few more of your views on elon musk. 0ne says how many analysts have created a company? not many, i would wager, so what do they know? this is after elon musk stopped an analyst briefing call after saying some of the questions were not cool. hello. there's warmer weather on the way for the bank holiday weekend. for most of us, it's looking dry, as well, with increasing sunshine as the weekend goes on. we're not quite there yet, though. this weather front went through on wednesday, wit

>> he was once a loyal starbucks patron but not anymore. it will take more than just one date training for him to return. >> i don't see how this will end discrimination. will they do this training every single time someone gets hired? one training doesn't work it doesn't do it not even a little bit. >> so many people use this coffee shop. the owner attended around table in philadelphia today. the closure did cost them millions of dollars in lost sales. but they plan to continue to invest in training its employees. >> azenith smith in san jose. >> they issued subpoenas, they ordered the two companies to clarify if there drivers are employees or independent contractors. and they wanted them to provide information on pay and benefits. they say that there drivers are independent contractors. the subpoenas come in the wake of last month decision from the state supreme court. >>> the families of two treatment killed in separate shooting spoke out today they slammed the district attorney for his decision last week not to charge the officers invol

coffee chain starbucks is doing to avoid racial bias in its stores details coming up. from a fresh breeze. to watching the sunset on the australian outback. how i love the warm sunshine around for europe at the moment but lots of showers as well some lively ones into central and western parts you can see the cloud the thunderheads here and they will continue to rumble away as we go on through the next day or two areas of low pressure around spain pushing ever towards france as well the line of very heavy showers spilling out to spain into southern france easing up into that western side of germany look at the temperatures thirty one celsius there for a similar valley there for warsaw even up into scandinavia we getting up to twenty four degrees in stockholm most of drawing hot sunshine around here then little cooler there from moscow to around sixteen celsius but again lousy dry showers continue across central and western pos if anything those showers pushing further north was much a front seeing some lively downpours as we go on through thursday with the possibility o

it's what ppens at starbuck's.nk mcdonald's is trading at the premium multiple because they are doing things in terms of the strategy that give people the sense the company is growing faster he didn't just wake up today and start acting socially minded starbuck's has been doing this since -- >> as a friend just texed me racetogether remember the race together cups in 2000. >> they have always been out there in terms of the political issues social issues. but is that what a company you have investored in to do >> a coffee shop more than a burger place, yeah as the home. a community. that is what goes on there. >> it works until it doesn't work. >> is that with coincident with that kind of founder who is that kind of visionary, then maybe you can't separate the two. >> how do you know if the selloff isn't the sign of something words. guy has a three signs that the bull market has changed. iser more "fast" a right aft th intelligence,es edge-to-edge covering virtually every part of your manufacturing business. & so th

the closures are estimated to cost starbucks about $12 million. now, around 7,000 licensed stores, hotels, college, they will remain open, but managers will receive research materials and training material that they will give to employees. >> jericka, thank you. starbucks executive chairman will be here in studio 57 at the table with an inside view of the training that 175,000 workers will get later today. that's ahead on "cbs this morning." >>> a utah man jailed in venezuela without a trial is back in his home state this morning. josh holtz arrived last night, greeted by cheers and hugs. he and his venezuelan wife were arrested on suspicions of weapons charges. the couple made it back to the u.s. on saturday and met president trump and lawmakers who helped secure his release. >>> the golden state warriors are going to the nba finals for the fourth year in a row. the defending champions beat the houston rockets 101-92 last night in game seven of the western conference finals. the warriors will now play lebron james and the cleveland cavaliers. als

will allow it to market starbucks products outside the american companies coffee shops starbucks hopes this will boost its food and coffee products which already generated around two billion dollars in annual sales and nestle expects the deal to strengthen its position in the north american market and that is a deal i would like to discuss now a bit further with daniel corp of our national correspondent in frankfurt who found a fitting position there outside a starbucks coffee shop in frankfurt probably not far away from the frankfurt stock exchange so tell me how is this deal going down with investors. yeah there monica from a very sunny frankfurt investors seem to be pretty much excited about this deal shares of messages are being traded at the s.m. i went up to a level of about one per cent already throughout the day investors are liking this news because of different reasons first they are thinking that new a synergy is will be able to create it and also a possible cost cutting could be in effect in general we have to remember that the coffee industry is a very booming industry tha

pepper. >> market didn't love it. >> no. >> nestle starbucks.se $7 billion there. >> these things are happening. e thought that starbucks stock should have gone up. i thought it was a great deal. i think there's a group of people who feel that starbucks is not as oriented as profit as it used to be. that's is untrue >> the joke on twitter this morning is selling the j.a.b. is the new ipo. >> after panera and krispy creme. >> they're happy to keep it private forever. >> that's a great analogy. >> yeah. >> cramer's mad dash and the opening bell on this tuesday morning and take a look at the premarket as we keep our eye on the italian yield. down across the eurozone back in a moment or plan for tomorrow? at kpmg, we believe success requires both. with our broad range of services and industry expertise, kpmg can help you anticipate tomorrow and deliver today. kpmg. ♪ how do you know you made the right call... ...you just do. the light beer you've been waiting for has arrived. lower carbs. lower calories. higher expectations. corona premier. becareal

abc 7 news reporter carolyn tyler joins us live outside of starbucks in san francisco. carolyn. >> reporter: well, this afternoon we have seen a number of people come to this starbucks for their jolt of java, perhaps they don't know for forgot that today was training day. customers we talked to who know what it's all about told us they applaud starbucks but wonder if this changes any hearts and minds. jamaula made her usual stash bucks run this morning knowing this afternoon the doors would close. she says the company's bold move to offer bias training to its 175,000 employees will encourage awareness. >> starbucks is doing a good thing by stopping, closing doors and just putting everybody through this. and making it something positive out of something negative. >> the negative was the arrest in april of two black men at a starbucks in philadelphia. the manager called police because they did not purchase anything. and one asked to use the bathroom. the incident still makes chris co-pay emotional and feeling guilty about buying the company's coffee. >> it was so horrible

analysts say the store closures could cost starbucks $12 million in lost sales. >>> now starbucks chose to conduct this racial bias training in a very public way, and as sue just mentioned, at a financial cost as well to the company. other companies do similar training but they do tend to not draw attention to it. so is this a good strategy, not just for starbucks but for other brands as well? joining us tonight, dean crutchfield is a brand expert. good to see you. >> good to see you guys. >> are there risks to this kind of public display of teaching your employees racial bias? >> it's a question of delivering it. purpose builds profits or at least that's the strategy. really it's a question of can you actually deliver it? that's what we're questioning with starbucks today. they're under pressure to show their leadership and their impact on these very sensitive issues of gender and race and it really is a question of, you know, what they deliver once they actually do this. the most important thing is they are saying they're prepared to take a hit in their business to actually do somethi

they are not involved with starbucks, but she hopes that starbucks will look long term and how to delivern the promise of conscious inclusion. >> it would be really amazing is starbucks could involve social scientists to influence and measure the impact of training. what would be really important if it coupled awareness with strategy. if it feels tactical for people. >> starbrick announcing a new policy allowing anyone to be inside their stores and bathrooms without making a purchase. it's that structure the companies need to put in place to keep bias from affecting decisions. >> there is an identification process. auc berkeley professor focuses on stigma, and prejudice. he said everyone has bias. >> a critical feature of the story is that there is a lot of negative emotion. >> we noticed that someone is different, and then we feel bad for noticing so we keep quiet. >> there's a lot of anger around inequality, and privilege. and a lot of guilt and avoidance. >> he says that further separates us and that insulation can perpetuate long- held beliefs. quick decisions whether it's in a coffee