i players like starbucks, for instance?— players like starbucks, for instance? think for starbucks and international _ instance? i think for starbucks and international chains _ instance? i think for starbucks and international chains coming - instance? i think for starbucks and international chains coming in - instance? i think for starbucks and international chains coming in that i international chains coming in that it is a very big market to play with. especially with the restrictions lifted off in recovery. there is a lot of potential and growth, especially in various cities in china. in growth, especially in various cities in china. , ., , ., ., , in china. in terms of the standouts that ou in china. in terms of the standouts that you are _ in china. in terms of the standouts that you are looking _ in china. in terms of the standouts that you are looking at. _ in china. in terms of the standouts that you are looking at. bespoke i that you are looking at. bespoke coffee brands in asia that you think are doing particularly well right now around the region. a

shares of starbucks falling this morning.hey beat estimates of 65 cents, a revenue of $8.7 billion beat estimates. the results were fueled by better than expected international sales. so if you think of starbucks as a barometer for china, comp sales rose for the first time since 2021 as commerce returned to starbucks after the roll back of the covid policy. by the way, this was effectively howard shut's last quarter before handing the reins over at the end of march interestingly despite -- this really may be indicative of how the market thinks, the company reaffirmed the full year outlook, which you would have also thought was positive, except the market thought things would be even better it would just reaffirm the outlook but they would upgrade guidance for the rest of the year you're looking at a stock that's been up 15% on the year, year to date, now down about 5% this morning. >> you don't even have to raise the rest of the year you just need to add in to the full year number what they beat in the first quarter by. >> wh

you can't-in starbucks- can't use cash in starbucks anymore-this- can't use cash in starbucks anymoree weer— blame she like picked up the bag and she went mad— blame she like picked up the bag and she went mad and physically eeeewwe—ew- assaults it. that's not an excuse to physically assault eemeeeew. — excuse to physically assault somebody. _went excuse to physically assault- somebody. _went mental. somebody. whatever went mental. there absolutely no excuse there is absolutely no excuse for i do think what is for that. but i do think what is happening is very seen happening is a very we've seen this in the last this a lot. i think in the last few years. what you notice is that everyone has flash that everyone has their flash point, their store point, everyone has their store point, everyone has their store point nerve or point or their nerve or whatever. easily , you whatever. that's easily, you know, activated and they almost wait for the opportunity to make that what the argument is about. yeah, yeah. so the argument can be about almost anything, but they're just waiting for you to

time now for one of your big money movers you can see here, starbucks sliding about 5% at the open really, the biggest news came from newly minted ceo speaks during the post earnings conference call last night it's his first since officially taking over from howard schultz back in march, opting to stick with his pred sayser is's four-year forecast and cited uncertainty on international travel, though, many on the street were expecting an increase especially if quarterly results came in stronger than expected let's talk with jefferies managing director. andy, great to have you here pretty strong beats. we mentioned stocks down almost 5% after the call, its new ceo reiterating guidance what you heard on the call, is it changing your price target and rating for this company? >> yeah, we did raise our price target slightly this morning as we went out to calendar '24 numbers to base our price targets with a pretty steep multiple already it doesn't change our whole grading or slightly more cautious view given where our estimates are falling for fiscal '24. >> andy, explain this one to me. the s

you can't—starbucks- can't use cash in starbucks anymore.lmean,- can't use cash in starbucks anymore.o physically assault somebody. _went excuse to physically assault- somebody. _went mental. somebody. whatever went mental. there absolutely no excuse there is absolutely no excuse for i do think what is for that. but i do think what is happening is a we've seen for that. but i do think what is hap|a ning is a we've seen for that. but i do think what is hap|a lot. is a we've seen for that. but i do think what is hap|a lot. is a we've seen for that. but i do think what is hap|a lot. i think we've seen for that. but i do think what is hap|a lot. i think in we've seen for that. but i do think what is hap|a lot. i think in the le seen for that. but i do think what is hap|a lot. i think in the lastnen this a lot. i think in the last few years. what you notice is that everyone has flash that everyone has their flash point, their store point, everyone has their store point, everyone has their store point nerve or point or their nerve or whatever. easily , you whatever. that's easily, you know,

back to you. >> thank you, kate what do you make of starbucks, karen?> those aren't terrible numbe s at all very similar to mcdonald's excellent comp store sale numbers, but when you are priced as they are and as starbucks is, that's not -- it's hard to believe, up 12, not good enough, right? it's -- so, at almost twice the market multiple, i think it's too expensive. >> what were you saying a tall latte cost you today >> $5.39 i did a little reconnaissance. i live on a block in new york city with six coffee places on a block. starbucks has a little premium there were 15 people in the store this afternoon what it tells me, not on the, should i buy or sell this stock, but on the economy level, what the fed is dealing with, what we're thinking about macro, is that consumers are still willing to have their little luxuries. the prices have gone up and they're still buying the coffee. that's what the sales are telling us and i think as long as that's the case, it's hard for us to flip over into that recession dynamic. >> north america is, i think, two-thirds

the estuary coast or is the latest of several bay area starbucks to form a union.dreds of workers from around the bay area march to san francisco city hall today for the annual may day rally, also known as >> international workers day in some countries may day highlights the contributions of workers to our society. this year, workers rallied for lawmakers to approve sb 6.28, which would improve working conditions, particularly for immigrant workers. >> it's for help and save young for that semester workers with and so that is our a priority for them and to make sure that they get a health secure basically equivalent to the same legal rights as documented workers also called on employers to pay employees a livable wage. >> and around the nation, other may day rallies drew large crowds as well in new york city, workers join a union members, immigrants and many others to call for fairness and dignity at work may day is not a federal holiday in the united states which celebrates labor day in september. despite the day commemorating a strike that began in the u.s. on ma

you can't—starbucks- can't use cash in starbucks anymore.lmean,- can't use cash in starbucks anymore.ault somebody. _went excuse to physically assault- somebody. _went mental. somebody. whatever went mental. there absolutely no excuse there is absolutely no excuse for i do think what is for that. but i do think what is happening is a we've seen for that. but i do think what is hap|a ning is a we've seen for that. but i do think what is hap|a lot. is a we've seen for that. but i do think what is hap|a lot. is a we've seen for that. but i do think what is hap|a lot. i think we've seen for that. but i do think what is hap|a lot. i think in we've seen for that. but i do think what is hap|a lot. i think in the le seen for that. but i do think what is hap|a lot. i think in the lastnen this a lot. i think in the last few years. what you notice is that everyone has flash that everyone has their flash point, their store point, everyone has their store point, everyone has their store point nerve or point or their nerve or whatever. easily , you whatever. that's easily, you know, activated and t

. >>> a starbucks store has voted to unionize in san jose. the downtown starbucks on alameda is the 23rd in the state to unionize. they are fighting for the disregard for safety and the lack of staffing. starbucks was grilled on capitol hill over labor practices earlier this year. so far none of the stores that have unionize have been able to negotiate a bargaining contract with the company. >>> >>> it is argued that the animals are raised to produce the fatty liver and they comply with all regularization all regulations. they say it prohibits force feeding the birds to fat in the liver including using a feeding tube to give them more fat than they would typically eat. >>> wildfire smoke from canada is impacting air quality in communities thousands of miles from the mid the northwest. let's bring in meteorologist for a look at the weather. >>> we have had a set up that has moved some of the smoke away from us. we have seen good air quality in the bay area but that is a different picture for a lot of the u.s. i want to show you this nasa image

starbucks used to be, on a day like today, would always be amd and starbucks as our guests, but we do of like, where is he was there any percentage at all of him raising numbers was there any percent in all at saying china was going to get better china was plus three the numbers in america were sharply better than expected but the fact that he did not raise, we're in this moment, david, where some ceos like -- i got to tell you, jim farley's doing it making a choice. we're not going to raise right now. it's just not worth it we're not going to raise our estimates, give our forecast better and that's what is hurting starbucks is that, look, we're just -- we had a really good quarter. we're not raising. that implies that the second half is not going to be strong i think that starbucks is on a really good path here and china's going to come roaring back, and you have to buy starbucks here again, we sold starbucks from my travel trust, saying, they're not going to raise, the stock is going to come down, and you got to buy it. i'm not deviating. sticking with my strategy right now. estee l

so the starbucks manager sacked for naming— the starbucks manager sacked for randng ar— the starbucksen— us. nobody around here has a warden-aur— us. nobody around here has a problem our sexuality, but problem with our sexuality, but aeanre— problem with our sexuality, but aeanre-scared- problem with our sexuality, but people-scared of- people are quite scared of attending— people are quite scared of offending her.— people are quite scared of offending her. they the offending her. if they say the wrang— offending her. if they say the wrong - saw what . wrong thing. you saw what naaaened— wrong thing. you saw what happened starbucks and happened in the starbucks and aeanre—rnar- happened in the starbucks and people that happening happened in the starbucks and pethem. that happening happened in the starbucks and pethem. sometimesiat happening happened in the starbucks and pethem. sometimes you appening happened in the starbucks and pethem. sometimes you canzning happened in the starbucks and pethem. sometimes you can get; happened in the starbucks and peth genders etimes you can get; ha

starbucks season in corporate america. shares are down mor than starbucks shares are down more than 5%ance. they beat wall street estimates for profits and comparable sales in the quarter ending in march. the us coffee giant saw a 7% increase in global sales, which were helped by the economic recovery in china we've been telling you about. the company decided to reaffirm its forward guidance because of what it described as an uncertain global environment. and ford motor has also posted strong quarterly revenue and profit. its results were boosted by strong demand for trucks and suvs. but losses in its electric vehicle unit meant the us car—maker's outlook for the rest of the year was not as positive. ford's chief executive officer said the company does not intend to pursue ev sales "at any cost". that's after the auto company slashed prices for its mustang mach e for a second time this year. tinder and hinge tinderand hinge are tinder and hinge are stopping operating in russia. they will withdraw from the russian market completely by the end of june, after many global firms cut ties wi

the starbucks location on the alameda, is the 23rd starbucks to unionize, saying the reasons were inadequate staffing disregard for state safety. nearly 300 stores have been able to unionize, but none have been able to initiate a bargaining contract with the company. company. >>> up next, we te you abllou illinoisis is in thehe midd. anand what do o you find in t the middle?e? ♪♪♪ meet us in the middle of the mother road. we''re in n the middlele ofof dinosaursrs! welcome to the middle of everything. >>> here is something we have never said in the history of the nba. the denver nuggets are going to the finals. they swept the lakers. >> pretty incredible. part of the nugget nuggets team, a guy from san jose.. how many fast and furious movies are there? >> too many. >>> lebron james, with a chance to tie the game, he gets blocked and stopped. look at the guy in the dreads, there, erin gordon from san jose, went to archbishop mitty high school. he won some state titles, here, and now is looking for an nba title. nickel yoke which is the megastar of the league. denver eliminates l.a. 113-111. th

last week mike laid out a trade on starbucks before earnings shares took a nose die on results.ating this one >> this is an interesting situation. a good case for using options. stock fell ten bucks from 115 to 105 right now. remember the trade we actually targeted the upside of 125 so by using options we risked less than purchasing the stock, but unfortunately because the move down was so severe, there isn't a lot of premium left in the cal spread about 40 cents the interesting thing is now we have new information, and basically the stock reset to a new level. i like to wait about three days after you get this kind of disappointment, so carrying into monday or thereabouts. but implied volatility hasn't fallen that much i might look at selling downside put credit spreads to help finance the remainder of the credit spread. >> brian, what would you do? >> that's not a bad strategy that mike lays out to capture premium. i do like that in general, more in the consumer staples. i think big balance sheet, the staple stock versus the discretionary where starbucks tends to fall. i think

so the starbucks manager sacked for naming— the starbucks manager sacked for randng ar— the starbucksbody around here has a warden-aur— us. nobody around here has a problem our sexuality, but problem with our sexuality, but aeanre— problem with our sexuality, but aeanre-scared- problem with our sexuality, but people-scared of- people are quite scared of attending— people are quite scared of offending her.— people are quite scared of offending her. they the offending her. if they say the wrang— offending her. if they say the wrong - saw what . wrong thing. you saw what naaaened— wrong thing. you saw what happened starbucks and happened in the starbucks and aeanre—rnar- happened in the starbucks and people that happening happened in the starbucks and pethem. that happening happened in the starbucks and pethem. sometimesiat happening happened in the starbucks and pethem. sometimes you appening happened in the starbucks and pethem. sometimes you canzning happened in the starbucks and pethem. sometimes you can get; happened in the starbucks and peth genders etimes you can get; happened in

last week mike laid out a trade on starbucks before earnings shares took a nose dive on results.vigating this one >> this is an interesting situation. a good case for using options. take a look at what happened, the stock fell about ten bucks from 115 down -- it's around just under 105 right now remember the trade we actually targeted, the upside of 125. so by using options obviously we risk less than purchasing the stock. unfortunately because the move down was severe, not a whole lot of premium left. about 40 cents interesting thing we now have new information, and i think that basically the stock has reset to a new level i like to wait about three days after you get this kind of disappointment, so carrying into monday or thereabouts. but implied volatility hasn't fallen that much i might look at selling downside put credit spreads to help finance the remainder of the decay left in the call spread now that we have this information following earnings. >> brian, what would you do? >> that's not a bad strategy that mike lays out, using credit spreads to capture the premium i do li

starbucks to form a union. hundreds of workers from around the bay area march to san francisco monday for the annual may day rally. they all met at city hall. also notice international workers day and so counties may day highlights the workers at the core of our society. the workers rallied for lawmakers to approve sb 6.28, it would improve working conditions, particularly for immigrant workers. it's for health and for the domestic workers with and so that is our a priority for them and to make sure that they get a health >> secure basically equivalent to the same legal rights as documented >> workers also caught on employers to pay employees a livable wage all right. still to come on the kron, 4 morning news, how firefighters are preparing themselves and their communities ahead of wildfire season. and the coronation of king charles will bring viewers from across the globe. why there could be some chaos happening behind the we'll be right back. >> well, fire season is here and monday, actually, mark, the first

starbucks says these new machines do that.ow people are reacting, we turn to the internet. this is a photo o the new ice. some people say they like it eat it. others are saying it is not the right ice for coffee it is soda ice. >> it is like the crunchy ice balls. >> that you end up. >> yes, you eat them. >> eating them after you drink your soda. i am super excited. >> you >> tucker carlson is out at fox news. >> carlson, whose departure was so sudden, he didn't even have a chance to say goodbye to his viewers. >> up next, we bid farewell to you, the viewer. and the message is this. we didn't know that even fairy tales end. and one day ours did end. the magic turned to dust. one day, the music died. bye-bye, miss american pie. imagine forcing yourself to tell lies all day about everything in ways that were so transparent and so outlandish that there is no way the people listening to you could possibly believe anything you said. it's been fun. i'm actually the single dumbest person ever to perform on cable news. you may be wond

. >>> and later with a host of names reporting tomorrow, how the options market thinks starbucks, ford, uber and amd are going to report. i'm melissa lee, this is "fast money. we start off with the very latest developments on the debt ceiling. treasury secretary janet yellen just minutes ago sending a letter to congress says debt limit measures may run out as early as june 1st, that's earlier than anybody expected. kayla has the details. >> melissa, janet yellen said that june 1st is the date at which the u.s. could default on its debt and be unable to pay its bills unless congress raises or suspends the debt limit now, the new x date is four days earlier than secretary yellen's prior estimate and it comes after early assessments of this year's tax revenues. in a letter to congressional leaders, yellen writes, given the current projections, it is imperative that congress act as soon as possible to increase or suspend the debt limit in a way that provides longer-term certainty that the government will continue to make its payments the white house today dug its heels in, demanding raise

this estuary co starbucks is the latest of several bay area starbucks that have formed a union. to city hall monday for the annual may day rally, also known as international workers day and some countries may day highlights the workers at the core of our society. this year, workers rallied for lawmakers to approve sb 6.28, which would improve working conditions, particularly for immigrant workers. >> it's for health and for the domestic workers with and so that is our a priority for them and to make sure that they get a health benefit, a basically equivalent to the same legal rights as documented folks. >> workers also called on employers to pay employees a livable wage well, strike by american airlines. pilots could be on the horizon over the weekend. they voted to walk off the job if negotiation talks break down, it's not an official strike just yet, but they authorized it if it becomes necessary and their eyes under federal law, they can't really do that without approval from the mediation board. so there still that hurdle. so for now, they're holding informational pickets at

also an oakland starbucks workers at the estuary cold store. one union representation, rather in a vote of 10 to 3 marking the 22nd store to unionize in california at starbucks. murray says at the coffee shop on the embarcadero in oakland has said that they are now joining the fight to demand our cuts, improving staffing levels, more safety measures and negotiations with the union in good faith. starbucks workers united represents more than 300 stores across the country and more than 700 workers. the estuary cove store is the latest of several bay area starbucks to form a union. >> hundreds of workers from around the bay area march, the san francisco city hall today for the annual may day rally, also known as international workers day and some countries may day highlights the workers at the core of our society. this year. workers rally for lawmakers to approve sb 6 to 8. it would improve working conditions, particularly for immigrant workers. it's for health and for the domestic and so that is our a priority for them and to make sure that they

, they say starbucks apologizing and posted a sign on the door of that store , which is about a mile from universal studios. it says quote seeding is temporarily unavailable due to safety concerns for customers and partners. the company is not saying what caused it to take that action. in the last year, it has closed six other starbucks in los angeles county after customers and workers complained they felt unsafe because of vandalism and vagrancy. there are also reports at least one starbucks in san francisco's castro district as removed seats for similar reasons. jose meerkat mayhem has released a new proposal on how to address homelessness in the city. we have heard the community loudly and clearly we need urgent, immediate, aggressive solutions to unsheltered homelessness. previously the mayor had proposed spending 80% of homeless funding on temporary shelters as a way to quickly get more people off the streets. but he faced criticism from affordable housing advocates who said that funding came at the expense of longer term affordable housing. when you take money away from those s

starbucks announced they're changing the ice they use in their drinks.ipped ice to, quote, nugget ice. people are losing their minds. i am back with jason osborne and rachel -- allred, so this is chip ice, right, which looks like little cubes, but they are like little squares. and then nugget ice is smaller like crushed ice. >> it's like the soft, kind of truly. >> it's more like a pellet. >> it's not truly, it's just cross-ites. >> it's not as loud as this. >> this is bladder? >> tried to buy down on the, and it's unsecure break a tooth. this should have been in everybody's kitchen from the get-go. this right here -- >> the new ice is better. >> the new ice, nugget ice, is taller and better. you're happy that starbucks -- >> 100 percent, sonic in the south, this is all they do. they're lemonade, strawberry lena date. >> let's cut to the chase, this is a serial killer ice. this is happy i.c.e.. we're missing two other kinds of ice. >> where are they? >> you had a big giant black ice in a cocktail. >> those are sexy. >> you're just happy, right? and then

starbucks.ren: they are down one. 4%, a store in san jose voted to unionize, the 23rd location in california. they said two things. inadequate staffing, they don't think starbucks is enough to make them feel safe in california. stuart: the age-old argument. >> look who goes into starbucks. people in the street use the bathrooms, they leave needles and paraphernalia, beg for money outside, inside, workers don't want to be in that environment. stuart: so unionize. bj's wholesale club. lauren: revenue missed 6.7%. you would think you go to a version of cosco competitor for value and you do, the customers are pulling back, they are coming in, their discretionary spending because of inflation and they reiterated their full your numbers. stuart: they were tapped out. that's the way it looks across the board. lauren: i was in 7-11 and put three drinks on the counter, guess how much it was. $29. stuart: got to move on. take a look at this. that is an art professor at hunter college in new york city, a g

starbucks has been accused of unionbusting. they were grilled over labor practices as more than 300 stores across the country have voted to unionize. none have been able to negotiate a bargaining contract with the country. with the company. >>> new controversy for the embattled san francisco school districts. the growing frustration with how they select parent volunteers. >>> we are still holding on to a warm 80 degrees in walnut creek. everything changes tomorrow. i will show you >>> good news if you have summer travel plans, all runways are now ready for the busy season. they are reopening the shortest runway early after being closed for repaving. >>> workers in oakland are planning to hit the picket line. 1300 employees have voted to authorize a three-day strike. following a one-day strike last month. the hospital is refusing to bargain in good faith after more than a year of negotiations asking for things like competitive wages and improved communication between the system and the workers. we did reach out for comments and

now back below 70 bucks a barrel starbucks grande-sized fall and the options action on apple ahead of tomorrow's results. i'm melissa lee, this is "fast money. on the desk tonight, tim, karen, steve, and dan a third day of losses following the fed's decision to lift rates by another quarter point the dow sliding 270 points the s&p and the nasdaq going lower. the fed chair indicating that after ten rate hikes in a row, there are no plans for rate cuts, because of stubbornly high inflation. if the fed pauses and higher for longer scenario, then what's next for this market tim? what do you think? >> well, this was as expected. this was -- this is a fed that's gone ten straight times. everyone knows these numbers and you have a case where you've got a jobs market that's still stubbornly tight we've had data this week that's been better than expected, and we have an economy that the fed is kind of conceding light recession. not a great environment for stocks if you look at fed fund futures, they don't believe the fed market doesn't really seem to believe the fed, either. in other words, th

they join many other starbucks locations. as we reported now that has said starbucks management of cut their work hours causing workers to be short staffed and getting burned out. so they want to unionize as a result. the location on monterey and all the joins several bay area. starbucks now that it filed a petition to unionize. also this morning, san mateo county is cracking down on tobacco sales to minors. the county board of supervisors passed an ordinance yesterday to strengthen regulations that aim to prevent children and young adults from purchasing tobacco products. the ordinance increases permit fees and fines and inspections of retail shops will also required permit suspensions for businesses that are caught selling tobacco to anyone younger than 21. >> it's 7.25. and a teenage boy turned himself into authorities saying he's the one who brought an explosive fireworks will middle school in pleasant hill, which ended up injuring another child. the 15 year-old boy went to the pleasant police department and he provided a

those starbucks barista is on the that's the embarcadero co shop.ey are now joining in the fight for against our cuts and for improving staffing levels and safety measures and bargaining in good faith. starbucks workers united represents more than 300 stores nationwide. and more than 700 workers. and that has to re code location is the latest of several bay area. starbucks to have unionized. >> well, a strike by american pilots could be a reality soon. over the weekend they voted to walk off the job. it's not official yet. under federal law, they can't go on strike without approval. first from the mediation board. so for now, pilots will be holding informational pickets at airports. federal officials are going to try and work out a deal. american airlines pilots say they haven't had a raise in 4 years and they want better working conditions and better benefits. >> time now is a 35 and members of the california highway patrol and the california national guard are in san francisco to help the police tackle the sale and use of illicit drugs. this is al

and also an oakland starbucks workers at story cove store. they won union representation.ted 10 to 3 to unionize making that the 22nd store in california to unionize. murray says at this starbucks on embarcadero cove say that they're now joining the fight against our cuts, improving staffing levels, more safety measures and negotiations with the union in good faith. starbucks workers united represents more than 300 stores nationwide and more than 700 workers. streak host or is the latest of several bay area starbucks to form a union. >> well, pilots at american airlines could soon be on strike over the weekend. they voted to walk off the job. it's not officially a strike because under federal law they can't do that without approval from a mediation board. so there's still that her a hurdle in the meantime, they will be holding informational pickets at airports. so you will see pie a pilots with picket signs. federal officials are going to first try and work out a deal. american airlines pilots say that they haven't had a raise in 4 years and they want better working condit

and also an oakland starbucks workers at the estuary covid store. won union representation and a vote of 10 to 3 making that starbucks the 22nd store to unionize in california. at the coffee shop on embarcadero cove say they're now joining in the fight against our cut, improving staffing levels, more safety measures and negotiations with the union in good faith. starbucks workers united represents more than 300 stores nationwide and within 700 workers, the estuary covid story is the latest of several bay area. starbucks that have formed a union. >> well, a strike by american airlines pilots could be coming as well. fact, over the weekend they voted to walk off the job. they're not officially on strike yet, but they did vote to authorize it if they feel it's necessary under federal law, they can't do so without approval from the mediation board. so there is that step next. so for now, they're holding informational pickets at airports. federal officials will first try to work out a deal. american airlines pilots say they have not had a raise in 4 year

we are down in the negatives with the stock market. >>> workers at a san jose starbucks have voted to unionize. the san jose business journal reports they would be the first in the city to do it. workers at the store voted 9-0 in favor of affiliating with workers united. the vote comes a few months after a man who was unhoused allegedly attacked an employee at the location. the workers who were involved were fired. >>> any proposal by mayor london breed would make it easier to build housing and commercial areas of san francisco. this would happen by scrapping certain housing density limits under the mayor's housing for all plan. the city's goal is to allow 82,000 new homes to be built over the next eight years. >>> this weekend is the memorial day holiday, also known as the official kickoff to the summer travel season. san francisco was hoping to cash in on tourists returning to the city. according to recent numbers, the state is on an upward trend tourists spend more than $130 billion in our state just last year, an increase of more than 30% from the year before and 93% of what it wa

. >>> a new report reveals inflation cooled for a tenth straight month, and starbucks is charging extraar drink. shanelle kaul has your cbs "money watch" report. >> reporter: the u.s. stock market closed mixed wednesday as new government data revealed inflation dropped below 5%. the dow last 30 points. the nasdaq gained 126, and the s&p 500 was up by 18 points. >>> some new promising data on the cost of living in this country. the labor department says inflation slowed for a tenth straight month in april with consumer prices down 5% since march. the data signals inflation could be cooling with groceries and airline fares down. gas and rental prices rose, but at a slower pace. >>> and if inflation continues to cool, older americans can expect a lower cost of living adjustment. new analysis by the senior citizens league now estimates that roughly 70 million people who rely on social security could get a 3.1% adjustment next year compared to 8.7% this year. >>> and starting this week, starbucks will charge you an extra dollar to hold the water on a popular summer drink. the coffee chain sa

idea name is the life lessons we just thought that appointed you, your head for the summer sun, the starbucks that god wants you to learn all of this portal, the opportunity to go on the 3rd off board for fathers the, the business education system in india, before that, the education system was very localized, the great education institutions, right from 5500 years the, the ed motive schools and the largest member of the trains people in the work. i will advise you to 5 more than 90 percent before the british, the been the british team and introduce this public schools. the system of education are the mission or the schools kind of an education. but anybody set foot under one rules and they have learned science and they have to learn math and defended that they have to be developing the rational mind and the scientific mind. and they does give the indians. but i think you get a very backward superstitious minor the education, the concentrated on higher education. they've been to establish street presidency, colleges, new institution, bengal or presidency invalid concerning adjust and in bomba

. >> san jose starbucks becomes the 23rd unionize store in california.chain store on alameda and julian unanimously. one union representation in a vote of 9 to 0. they join many other locations to say starbucks management as it cut worker hours causing workers to be short staffed and being burned out. >> for your money this evening, if you have purchase an item at bed bath and beyond before april, 26 of this year, you may want to listen up. the bankrupt home goods retailer is no longer accepting returns from items bought before that date in just 2 days. all of the bed bath and beyond stores and the buy, buy baby stores across the nation will close for good until then everything is on sale up to 40% off. adidas will soon begin. selling is more than 1 billion dollars worth of leftover yeezy stock and will donate the proceeds to charity. kanye west yeezy sneakers and other items have been of a an available to shoppers since adidas ended its partnership with the rapper back in october. that was after he made a series of anti semitic remarks, a collection of

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i starbucks would do that lightly. i neon— starbucks would do that lightly. i os you— starbucks wouldwe get to the stoee wnere — that, you know, if we get to the stage where people, you know, ton-t— stage where people, you know, ton-t-tnot— stage where people, you know, don't-that are _ stage where people, you know, don't that are worried don't think that are worried otout—riont- don't think that are worried about right thing don't think that are worried. about—right thing , about saying the right thing, tney-re— about saying the right thing, tney-re rust— about saying the right thing, they're just-to- about saying the right thing, they're just to retreat. they're just going to retreat. iney-re— they're just going to retreat. iney-re-eoine- they're just going to retreat. they're going just they're just going to it just notes— they're just going to it just notes-tnino- they're just going to it just. makes -thing they're makes the whole thing they're noting— makes the whole thing they're making demands. 1: makes the whole thing they're making demands. 1 n: making demands. matthew. and n

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. >>> just into our newsroom, workers at a starbucks store in san jose have officially union itzed. this marks the 23rd location in california to do so. stores in san francisco and santa cruz have already recently unionized. starbucks previously spoke out against unionization efforts arguing it's better when it works directly with employees. >>> let's take a live look out at san jose, where this may be the warmest day of the week, if i heard kari correctly, which is fine with me. >> yeah. the weekend was pretty nice, though. it was just warm in the mike inouy -- inland valleys so it depends on where you are and what kind of weather you're experiencing. we're seeing that today. walnut creek farther inland will have warmer temperatures for today. so we are headed for low to mid-80s in that area with concord reaching 85 degrees, 82 in martinez while oakland and hayward will see temperatures up to about 75 today, 71 across the bay in san mateo, and in san francisco, it's still in the 60s this afternoon. you probably want some warmer weather. if you cross into the north bay, it's in the

i've been eating here and then i will over eat some starbucks in the morning. that is pretty much it right now. >> simple man >>> second round of the pga championship, josh allen is checking things out in rochester, new york. aaron cohen with a one-shot lead. cole, first told today, kerplunk right into the water. he shot a 74, now one over par. victor hovland, you can't visit with the right orange pants. he shot a 67 to grab a share of the lead at 500. for the shot of the day, the longest , scotty scheffler. last year's masters champ on the par 3/15. look at the few feet away from the cup . scheffler shot a 68 to move to the top of the leaderboard corey connors is tied for the lead with scheffler and hovland . bryson dechambeau is two shots back. you can see the third round tomorrow right here on cbs will break it all down afterwards on the par 5 show. it is with myself and john aven drove . >>> those basketball fans , this could cheer up warriors fans a little bit. lebron james was cleared for takeoff and shouldn't have ate that popcorn before the game. the la

thank you, lawrence, a san jose starbucks as become the 23rd starbucks in california to unionize. >>he story there on alameda in julian unanimously, one union representation in a vote of 9 to 0. they join many other locations around the state where workers say starbucks management has cut worker hours causing stores to be short staffing. they say workers are getting burnt out. >> still ahead tonight at 8, a close call in southern california. and it serves as a safety reminder as the weather starts to warm up. in southern california, security video shows just how quickly a day of fun at the pool can turn dangerous. a father rescues his one year-old son just seconds after the toddler accidentally falls into the backyard pool. officials hope that this close call serves as a warning for families with children who plan to spend a lot of time poolside this summer. >> shelby nelson reports. >> and most people don't know, but drowning is the number one cause of deaths among children, ages one through 4 here in the united states. now in this situation, thankfully, dad was nearby. but as you'r

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many starbucks customers now paying more for one of the coffee chain's more popular drinks.ing today, starbucks is charging an extra dollar to people who don't want water in their refresher drinks , beverages used with tropical juices. dried fruit, water, lemonade, coconut milk, starbucks say a refresher without water simply costs more money to make, and thus the dollar charge. several people injured after a fire breaks outd on basically juman francisco's inner sunset district with the latest developments.

starbucks workers united represents more than 300 stores natio wide. and more than 700 workers, the estuary coast or is the latest of several bay area starbucks. now that have decided to unionize. >> it's 9.36. and still ahead on the kron, 4 morning news data from a new jobs report shows that the market u.s. could be a lot different. 5 years. we'll see who's going to replace you and who you're going to have to train. and after the break, we're taking a look at the snowpack in the sierras where it stands right now. >> and we're adding a little extra snow up there in the sierra here in the bay area. a little more rain for some of us. a lot more of it between morgan hill and san jose. it's really coming down right now. i've got your forecast and those slick conditions make for even wetter and harder commute for a lot of us (dog barking) we love our pets. but we don't always love their hair. which is why we made bounce pet hair and lint guard with three times the pet hair fighting ingredients. just one sheet helps remove pet hair from your clothes! looking

starbucks which is in overtime in just a few moments. of 65 cents on revenues of $8.4 billion for q2 same is expected to increase 7.1% overall, and 8.5% in the u.s., and .6% overseas this is due to covid challenges which is projected cocontinue into this quarter. we'll hear from the ceo on the call for the first time. the former ceo howard schultz remember stepped down on the 20th, but this was after he left the company a year ago the union battle with starbucks which schultz testified about before congress last month investors don't seem bothered. the stock is up 14% plus year to date. >> we'll see what happens. kate rogers, we'll see you in just a bit >>> all right. mike santoli's back with us. we have had the two- minute warning. >> it's a bit sloppy we're up off the lows and the indexes, but you have an 80% downside volume day in the new york stock exchange. you have the russell 2,000 struggling trading beat for beat with the financials for the most part down another 2%, really not that far off of where it was, you know, back before

maybe you don't go to starbucks every single day, maybe you don't waste your money. the president just now appointed individuals. we will sit, i would like to meet today, actually and start meeting until we get this done. >> do you think that longer than one year how long does it go. >> that's up for negotiation. inside the republican bill, 1.5 trillion we lifted it. when you think about it, we borrowed $1 trillion this year and think about a what that means to the average american. we are borrowing money,er we're borrowing your future for things wasted on for today. more than a trillion dollars. that means that china is funding that, we need to change that behavior and make america stronger, less dependent on china and actually curb inflation. >> speaker mccarthy, what is your level of optimism it's going to get resolved. >> if this is where we were in february, when we first came down, i would be optimistic it would be solved. the structure has changed for a better process. do you want to say anything else? >> seven of the last 10, seven of the last 10 debt ceiling

idea name is the life lessons we just thought that appointed you your head protest, my son, the starbucks, that golf course are the only this portal the opportunity to know on the 3rd off or for fathers the, the business education system in india. before that, the education system was very localized, the great education institutions, right from 5500 years the med, most of the schools and the largest member of the things people in the work. i will it a cd 5 more than 90 percent before the british the the team and introduce this public schools. the system of education are the mission or the schools kind of an education. but anybody set foot under one rules and they had learned science and they had the loan mats and defended that they have to be developing the rational mind and the scientific mind. and the windows of the indians are thinking in a very backward superstitious manner. the education, the concentrated on higher education, they've been to establish street presidency colleges, new institution, the bengal or presidency in boca time, adjust and in bombay, who are the 2 pressing on th

ford and starbucks reporting results after the bell. what'd they do?ey maintain their guide saying that is going to be the real drag when it comes to their business unit. in fact, the company saw a little bit of a loss of around $60,000 per electric vehicle sold in the first quarter. that is absolutely massive on that front. shares were down around 2% in after hours trading thanks to strong demand for demands in suvs. interest and tax that's around $3.4 billion is what they kind of saw. they have a bit of a worry, though, when it does come to that electric vehicle market. how do they break in particularly on the margins. do they have to drop down prices, do they have to reconfigure exact how it comes about. starbucks moderating. of course the big worry was china and its reopening. of course china is the second biggest market after the united states. so the worry is things may get better but not necessarily as quick a rate as they have had initially. in the three months to april starbucks reported an 11% rise in comparable store sales, net profit jumpin

into starbucks for an— now normally you'd go into starbucks for an overpriced tette. — starbucks for of a labour merertty— seems confidence of a labour merenty et— seems confidence of a labour merenty et tne— seems confidence of a labour majority at the next general eteetten— majority at the next general election remains low. so labour tenet— election remains low. so labour oetnet tte— election remains low. so labour gained 536 council— election remains low. so labour gained 536 council seats across the gained 536 council seats across tne eetntry— gained 536 council seats across the country, while— gained 536 council seats across the country, while the conservatives haemorrhaged 1061 to conservatives haemorrhaged 1061 te teee— conservatives haemorrhaged 1061 to lose control— conservatives haemorrhaged 1061 to lose control of— conservatives haemorrhaged 1061 to lose control of 47 local authorities. _ to lose control of 47 local authorities. but- to lose control of 47 local authorities. but the polling expert— authorities. but the polling emert et— authorities. but the polling expert o