people at starbucks, he's the best, starbucks is lucky to have him. what i would point out howard schultz really wanted this. david faber, i think that is participate of the narrative. more than elliott. >> yeah. listen, mr. schultz, of course, continues to be a force within starbucks, really only as what is a technically a large shareholder. of course he's not on the board. he has no management role and was an important figure here. in part it seems, if i could say turning on laxman or at least not giving him continued support some time back, which obviously put his job, it would seem, and clearly was, in some jeopardy. moving forward and perhaps helping, the board -- my understanding with the brian niccol thing they reached out some time back. they really didn't think they had a shot at getting him. as mellody hobson indicated, things happened pretty quickly. there had been some conversation about it, but my understanding is they thought, well, what shot do we have? >> brian is the best. howard said this is a great day for starbucks. no one better t

a grande jolt for starbucks. the stock jumping 24% as they boot their ceo and replaces him with brian nichol of chipotle. what will it take for him to fix the problems? a dave dive straight ahead. >>> plus, inside the mind of main street. how investors are feeling about the market after the recent bout of volatility. we'll break down the results coming up. >>> and later, the traders take on who could be the next act vigs target on wall street. what's behind dell's latest winning streak. and the battle with insurance, as millions battle obesity. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, steve grasso, dan nathan, and guy adami. >>> we start with the ceo switchup at starbucks. sharing spiking 25%, their biggest increase since going public in 1992. that after news the chipotle chief will take the reins. starbucks has been a favorite target of activist investors since the ceo took over last year. elliott and starboard have taken stakes in the company and earli

that you going to like were starbucks is in here for the stock some not so sure because i think thatll of that into monday with chipolte my son because the stop is pulled back in their been concerns about same-store sales before before he left another stock is kind of price like he's only person could run it is trump bench at chipolte good things heavily and prices have come down this warning of the cost are also bringing back brisket for a limited time division of the same source el else. andrew: i love brisket especially at the high holidays they will tell you that i think the stop chipolte is richly price from 50 times earnings and bill ackman, the big supporter and comeback state in the latest quarter. jack: one analyst told me think that starbucks is fair value more excited papa john's and they had a turnaround and turned into an internal around in his ceo is left for shake shack one from wendy's has taken over papa john's is like fast food ceo twister. nancy you pointed out that there's been sort of broader weakness in retail and restaurants including at the hyatt. andrew: you

so i think he can do the same at starbucks. just happy that we own it, because it was tempting to sell it, that's for sure. >> it must have been very tempting. you mentioned some of these things might be easy to fix, but starbucks' problems run deep, that when we were talking about this yesterday, they suggested some of the things that could literally move the needle here would include selling off or spinning off china. china, where they have invested billions, and this was going to be the future, or a franchise model. that tells you how far -- i don't know if you have any thoughts on those versus just trying to fix it operationally, but it's going to take a lot of fixing. >> well, it is, kelly. but do not underestimate the value of the brand. i think that's one of the things that we learned. if you've got a great brand, and let's be honest, starbucks still has brand identity and power. and you've got a strong, savvy ceo, i mean, you and i were on the air years ago when gelsinger took over and disappointed at intel. the ceo was

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it is that relaxing to go to starbucks. starbucks is to have a reasonably priced cup of coffee. it wasn't cheap, but it wasn't extortion either. starbucks had people lined up m when times are both long and inconsistent. the worst possible combination. they will allow some licenses, and they have done a horrendous job at it. starbucks should go after whoever runs these franchises, and to turn the long supporters abilities lifelong supporters into enemies. that is what they are doing. you end up with a long line of a mosh pit of waders. no one knows how to fix it. do you know what? it can't happen. anything can happen. that is what we can learn about business. anything can happen. this is how you fix it. start pursuing it and taking pictures. 40 people in a dodging line in a store that is understaffed. what a disaster. someone needs to own that disaster. if you sue that license, at least you know you are on our side and on their side. it is a little bit more simple than people think. just get the right darn lawyers. i'm pretty sure -- for the wrong job. niccol, had serious food sa

starbucks, the china and u.s.e under immense pressure from consumers fed up with higher prices, speed of service challenges and quality issues, but it is a premium well loved and respected brand with a public perception issue it's working to correct with new training for baristas, discounting and more. we'll see what nickel does there. definitely looking forward to seeing the nickel play book at starbucks, guys. >> what didn't work under the current ceo? >> there were a lot of channels, tyler. i can't necessarily point to one thing. but i would say broadly under the umbrella, public perception is the value worth it? is it there? is it worth it for you to spend your time and money at starbucks? if orders were taking too long to come in, if products were out of stock, and also in some markets, particularly china, it was facing a lot of steep discounting. and deep discounting rather from a major competitor there undercutting it. mentioned a few times today that starbucks is a premium brand that has to also offer valu

it's morning in america and millions count on starbucks to get theirjolt of caffeine, notjust in theout. it's the biggest coffee chain in the us and the rest of the world. it exploded in the �*90s but its glory days of astronomical growth are behind it. lately starbucks has been in the headlines for its problems more frequently than its famous cake pops. and this week, it startled the markets by ditching its ceo of the past year. so what does the new boss, brian niccol have to do? let's go to martin baccardax is senior editor of thestreet. thank you forjoining us today. what are those problems that the last chief executive laxman narasimhan didn't solve? it is chief executive laxman narasimhan didn't solve?— didn't solve? it is so difficult to say because — didn't solve? it is so difficult to say because there _ didn't solve? it is so difficult to say because there has - didn't solve? it is so difficult to say because there has been - didn't solve? it is so difficult to say because there has been so | didn't solve? it is so difficult to - say because there has been so many changes to

. >>> the big shake-up at starbucks. the ceo ousted after little more than a year, replaced by the ceo of another well-known chain. >>> and more than six months after it was stolen by thieves, a community coming together to restore a legend to his rightful place at the baseball diamond. >> announcer: this is "nbc nightly news" with lester holt. >> good evening and welcome. democratic vice presidential candidate tim walz tonight defending his military service after attacks by his republican opponent j.d. vance over how he described his military duties and his decision to leave the national guard before his battalion deployed to iraq. walz in his first solo campaign appearance since joining the harris campaign didn't directly respond to the allegations but cautioned against denigrating another person's service record. the minnesota governor and 24-year army national guard veteran telling an audience of union workers that he is proud of his service to the country that includes his time in congress. walz today thanking vance

that is the exact problem starbucks is dealing with. maybe it can work for starbuck , tested and ready to roll. maybe it'll roll out in another city. of course the old ceo, he did not want to do that. he thought he had all the answers. behind the scenes, many are blaming founder and former ceo howard schultz for lording over his successor. i think howard had more pulled by the lack of contrition then by the current's execution which he did not like but if you are blaming schultz for firing buxman, maybe you should thank him. because he just created $20 billion in value when we learned that the post the blanche ceo from aaa. i would like to take credit for that, we all take credit for the brick if we are looking for what can be saved you need a big change of this topic. starbucks is going to become the model. now let's talk about love. not love, southwest airlines. we saw the potential directors from the activist investor elliott, they want to bring in these tend to replace 10 on the board. everything would change if they do that. every

whether that starbucks, home depot, geo politics, pfpi. breaking news at starbucks.f, brian niccol. all the details. >> ppi comes in cooler tha

it became, that's starbucks.-- the stories that bunch starbucks, estee and nike together, there are so many similarities where you have to say, it is hard to be a manager in an environment where being a good manager is important. and so there were a lot of questions that flowed through. i'm not going to say nike is getting an activist. it is interesting to see. starbucks is probably their own conversation. but i think every company that we're talking about in the lagging category needs to look at the winners in their categories and say what are we not doing? when everyone is doing great, easy to let management have the pass, we also had a lot of conversations around nike, three years ago, my team wrote a report saying why are you abandoning your partners? >> to be fair, they were lauded for their strategy, higher margin, it is great, people love it, and, now it is, like, no, that isn't the way to go. you need your foot lockers and macys of the world. >> there are a lot of companies that get lauded in consumers. i

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translation: we have more stores than mcdonald's or starbucks, - stores than mcdonald's or starbucks,countries, and starbucks about 90 countries, and starbucks about 90 countries, so we are accelerating our overseas expansion. in april we completed the acquisition of 7eleven australia and its 750 stores. we are also big in asia. meanwhile, we only have about 300 stores in europe. find have about 300 stores in europe. and there is some serious obsession with japanese convenience store is drawing the patronage of celebrities, and while 7eleven operates in many countries, most customers say their stores in japan rule them all because of the fresh food selection. and that is something they are trying to address overseas. something they are trying to address oversea5. irate something they are trying to address overseas. ~ ., ., . ., ., , overseas. we are noticing a gap in performance _ overseas. we are noticing a gap in performance between _ overseas. we are noticing a gap in performance between different - performance between different countries. we found that there stores which sell fresh

starbucks shares jumped after the announcement and chipotle�*s have dropped.ket analyst victoria fernandez told us that illustrates the esteem in which investors hold the new boss. we see from the stock reactions of those two companies exactly what the market thinks about this move. and you have brian niccol, who has done tremendous work at chipotle. you have seen that stock grow. you have seen revenues grow. you've seen eps grow since he took over. and they're a company that, even from the pandemic forward, has continued to be able to raise prices and get a higher dollar value from consumers when they're pulling back in other places. we know from starbucks�* earnings over the last week, they did not have a good quarter at all, one of their worst quarters, so i'm not surprised that they're making a change. i am surprised it's this soon, and i think they're looking for brian niccol to do the same type of transformation, making starbucks special again, like they've made chipotle special from its competitors, in order to bring that company back to what it used to

we're talking about starbucks.e mexican grill ceo brian nichol will helm the coffee chain giant, but can he solve the real problem that's pushed the stock down 23% over the last year? we ask saves city whit -- stacy whitledge ahead of walmart's earnings out thursday. we're coming right back. ♪ n y. and jen z. each planning their future through the chase mobile app. jen x is planning a summer in portugal with some help from j.p. morgan wealth plan. let's go whiskers. jen y is working with a banker to budget for her birthday. you only turn 30 once. and jen z? her credit's golden. hello new apartment. three jens getting ahead with chase. solutions that grow with you. one bank for now. for later. for life. chase. make more of what's yours. ♪ limu emu... ♪ and doug. (bell ringing) limu, someone needs to customize and save hundreds on car insurance with liberty mutual. let's fly! (inaudible sounds) chief! doug. (inaudible sounds) ooooo ah. (elevator doors opening) (inaudible sounds) i thought you were right behind me. on

the new boss of starbucks is criticised for his planned commute of 1,000—miles between newport beach seattle. lesotho�*s white gold — how the landlocked country is keeping the taps running in south africa. welcome to business today. i'm tadhg enright. we start with the world's biggest economy, the united states. minutes from the latest meeting of the people who decide on what to do with the interest rate show that the "vast majority" of them believe an interest cut is likely next month. let's remind you of the state of play. the cost of borrowing has been at a range between 5.25% and 5.5% since july of 2023. it began climbing in earnest in 2022, after russia's invasion of ukraine sparked an inflationary crisis. if the fed does cut in september, it would be the first cut in the cost of borrowing since the pandemic—era cuts of 2020. more from our north america business correspondent, michelle fleury. officials inside america's central bank discussed cutting interest rates injuly before voting unanimously to wait, indicating instead that a september cut was more likely. the minutes from

this is a big hire for starbucks. stuart: up 20%, that's huge.pressure on brian nichol's shoulder us. >> i'm supposed to pretend i saw it.coming. stuart: dividend picks. blue owl capital. >> so this is the one that we really increased our position in here because it had dipped after being up quite a bit this year. it's a smaller type company, but they do a lot of credit, private equity. they're an asset manager. big believe bend and they're -- dividend and they're growing at about 15-20% per year. and right now it's 4.5, 5% higher, we think it's going to continue. but you've got a dip in some of these financials early in august a, so now it's a chance to buy a little more. stuart: you might get a capital gain as well. lamar advertising. you like it. >> yeah, they had numbers last week, and rereally liked what we saw -- we really liked what we saw. they're up about 20% with billboard traffic in airports. they're the major billboard company in the country, and again, a 4.5% dividend and capital gain to boot, so lamar is a good name. stuart: thank y

it's really kind of doing the opposite of what starbucks is doing. so no burritos at starbucks. but could be some big changes on the way we'll see if event they skim latte that i like is going to be even more expensive. >> nathaniel meyersohn, thanks very much for that report. appreciate it very much coming up. the race for the white house governor tim walz makes his first solo appearances. vice president kamala harris selected tim as her running mate walz, defending himself against attacks on his military record will have new information for you when we come back cnn is live from chicago as democrats unite to offer their support to a new nominee and her running mate follows cnn for complete coverage the democratic national convention monday at seven on cnn. >> and streaming on back. >> i was scared when i was told to age-related macular degeneration could jeopardize my vision. he was hard, but taking preservation was easy. preservation as the exact clinically proven, a return to formula recommended by the fbi. >> i'm taking control like milk millions of others. here we are driv

the executive head of the starbucks chain coffee shops that due to. support for the zionist occupation regime was resigned by the supporters of the embargoed palestine. newsweek magazine announced that the campaign to boycott starbucks led to an 11 billion dollar decrease in its value in just two months. in the market is the executive director of starbucks also announced the decrease in sales of this company due to the war against gaza. as a result of these sanctions, starbucks has been forced to lay off hundreds of employees. the spokesman of the greek fire department announced that there are no more active fires in athens and its suburbs. however, the fire brigade is still on standby for possible fires and will continue to put out and have an all-round presence in the area. the light wind and extensive efforts of the rescue forces have helped to control the fire. as a result of this fire that started last week, 10 a thousand hectares of land were burned and at least two people died, including a fireman and a 60-year-old woman. many people have lost

starbucks says nichol transformed chipotle, and it's hoping he will do the same for starbucks. starbucks says its current ceo, who's been there only a year, will be moving on. well, the paris olympics we know are over and the athletes are coming back home. katie ledecky arriving at dulles airport in virginia. really? to a hero's welcome. this is about 30 minutes from her home in washington, d.c. the fans were thrilled. autographs and some selfies. the stanford alum says she's still waiting for the historic performance to set in a week in paris. after my last race, and i got to enjoy a lot of the olympic experience, so it's still been a whirlwind and i'm excited to just relax now. wonder how long she'll relax for before getting back into a pool. ledecky won four medals in paris to become the most decorated u.s. women's olympian of all time, with a total of 14 medals. her carry on bag probably over the weight limit. exactly. a lot of gold and silver. no fees for her. no baggage fees. audrey asistio joins us now with what's coming up next. janelle and raj right now at six, a follo

i got up this morning and i was thrilled to hear the starbucks, nichols going to starbucks news, andn very disappointed to hear that he was leaving chipotle which is a member of our 12 best ideas portfolio. we own starbucks in our etf, tgr, i'm happy with that i think it was the right move but there is a pretty deep bench at chipotle and scott boat write has been nichols right-hand man. he will step in as interim ceo. he has done a lot of the morale building among employees. the operating efficiencies have fallen under him. so i think the vision certainly came from brian niccol. he will do wonderful things with digitization at starbucks as well as other innovations. but we'll wrestle with whether or not whether chipotle is a member of our best ideas. we're not going to sell it. charles: it is a big thing. to be honest i don't like the way it acted since the big 10 for one split. >> right. charles: get back to digitization and world of a.i. you had a couple of intriguing charts. i put them here to share with the audience. talk about the a.i. spenders versus the a.i. sellers. you see i

it starbucks fault par quarters of steep declines pressuring the stock this year. elliott starboard and starbucks declined to comment. sharing ticking higer in extending trading. almost 3%. >> all right. starboard in. pippa stevens, thank you. >>> tim you got a take on starbucks. what about the move by starboard? >> yeah. great to see it from a trader's perspective obviously. did buying. the extent of management issues a problem forecasting a core business on some levels is a very sophisticated business. that's concerning. macro head winds and i'm not sure they can do a lot about activist funds. happy to see them push change. chaos in the stores and c suite. ability to certainly try to put the brakes on where margins have pulled back dramatically. but i also think you had a unique and almost a once in a lifetime dynamic for starbucks in terms where e thcould raise prices and a sweet spos of covid and post-covid reopening. something investors have to wrestle with. i like starbuck, own it lower. not greedy but a six handle. >> wow. going to be a six handle. something

fourth ceo in just two years as brian niccol takes over the company from chipotle and starbucks haseally struggled the last several years last quarter, its sales were down three 3% customers are really frustrated with higher prices. people are paying 56 $7 for iced coffee, even more for lattes and starbucks, the business model has completely changed over the past several years. you think back at starbucks during the 90s 2000s, people used to go inside stay for awhile, sit down. now everybody is ordering on their phone sometimes the service is often slow, but investors are very confident in him the stocks up about 20% at starbucks today shows excitement for nicole. he's known as a turnaround expert, having turned around chipotle after its e coli and food safety issues, also has a track record of turning around taco bell on wall street really thinks that starbucks has picked the right man for the job thanks for spending part of your day with me. hope you enjoy the rest of it. i'm rosemary church, cnn newsroom continues next with christina macfarlane in london cnn is live from chicago

it will be interesting to see what happens at starbucks.struggles and he cannot turn things around people might turn to this and blame his work arrangement. scarlet: it did not happen at chipotle. always a pleasure speaking with you. our bloomberg opinion columnist who works about working culture issues at companies. coming up, dana tells a follows the unexpected jump in u.s. retail sales. we will get her read up next. this is bloomberg. ♪ just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. scarlet: welcome to bloomberg markets, i am sca

boycott starbucks, boycott israel. boycott starbucks. starbucks. boykat israel. it is full of weapons, weapons, resources , numbers, staff, power, expertise, experiences , faith, determination, courage, and willpower . hey, the goals are not there, they are the entities we have it, and it is the missiles that are surrounded and assigned, and in an excellent series, god bless muhammad and muhammad. and for the resistance, i have accurate and non -accurate missiles and our armament possibilities. if you assume that israel will fight against lebanon, israel will face a fateful war , and what do you expect in the days of the battle , the meaning of the lands along the occupied palestine, from the lebanese border to the jordanian border to the red sea, from the border to eilat? talk about a dark future for the zionist regime , a fate that has been accelerated by many problems in the occupied territories. israel now to it has been isolated internationally and several international organizations are seeking punitive legal and diplomatic measures against it. the genocide

starbucks. >> jimmy: yeah, maybe a little early, but whatever.nk -- oh, hang on, i'm being told that they just put out another ad. here it is. >> starbucks is also excited to get into the is holiday spirit, so come on in for an eggnog latte. 'tis the season. starbucks. [ light laughter ] [ applause ] >> jimmy: "'tis the season." definitely -- definitely early on that one. anyway, as i was saying -- oh, i'm sorry, wait a second, there's another ad here. [ light laughter ] watch. ♪ >> top of the morning to ya. follow the rainbow into starbucks today for our world-famous shamrock frappuccino. starbucks. >> jimmy: yeah, okay, come on, i don't even know what's going on over there, i mean -- oh, i'm sorry. there's another ad. i'm sorry, watch -- watch this. ♪ >> can you believe it? it's already time for the all-new 2025 pumpkin spice latte, and 2026's. and 2027's. [ speaking in demonic voice ] it will never end. we own you, you pathetic pumpkin simps. you will drink our hot gourd juice whenever we say. sheep. [ screaming ] starbucks. [ cheers and appla

on 110 countries in starbucks about 90 countries. have completed the acquisition of 7—11 australia and at 750 stores. we are so big in asia and meanwhile, will have about 300 stalls in europe. find meanwhile, will have about 300 stalls in europe.— stalls in europe. and there's some serious _ stalls in europe. and there's some serious obsessions - stalls in europe. and there's. some serious obsessions with japanese convenience stores during the patronage of celebrities and while 7—ii operates in many countries, many say the stores in japan rule them all. the fresh food selection and that is something that he is trying to address overseas. that he is trying to address overseas— that he is trying to address overseas. ~ ., ., . ., overseas. we are noticing a gap in performance _ overseas. we are noticing a gap in performance between - in performance between different countries. what we found is that stores which sell fresh food are attracting many more shoppers. we want to grow with high quality, notjust increase the quantity. we want to

starbucks about 90 countries.ralia and its 750 stores. we�*re also big in asia. meanwhile, we only have about 300 stores in europe, right? so i�*m in bangkok. and there�*s some serious obsession with japanese convenience stores drawing the patronage of celebrities. and while 7—eleven operates in many countries, most customers say their stores in japan rule them all because of the fresh food selection. and that�*s something mr. 0saka is trying to address overseas. we�*re noticing a gap in performance between different countries. what we found is that stores which sell fresh food are attracting many more shoppers. we want to grow with high quality, notjust increase the quantity. we want to make sure customers are happy and increased sales of each stores, whilst increasing the number of stores. in order to achieve that, we need to build a local supply chain just as we did injapan. but as a company which gets 60% of its revenue from selling food. food waste is a huge issue. our goal is to cut co2 emissions and to redu

>> the whole problem with starbucks today is that the experience used to be you went into starbucks,up. they wrote on the cup. the barista was nice to you. they smiled, they said your name. all sorts of things happened. that is over in the digital world where you go in to just get the cup and to leave. and it's turned the -- >> it's a drive-through company now. >> it's turned the baristas into human robots. that's what's happened. >> ironically for the company that pioneered the idea of investing this your baristas. >> it's no longer that third place. i honestly would hire greeters at starbucks. i would have a human being at the front of the door like walmart to say hey, kelly, it's great to see you. i would like really try to change the whole experience. >> almost like chick-fil-a style. chick-fil-a is the most forward with -- have you been in a chick-fil-a drive-through line, they come to you. >> it's a great experience and you feel great about it. >> if they took that a step further to your point, finally you get something more pioneering out of the experience. >> all that probabl

starbucks is up 20%. raymond james is trying to have fears among chipotle investors.this shouldn't reflect anything negative on chipotle and calling this sell-off a buying opportunity for chipotle. stuart: they must have real faith in that ceo. lauren: he must have gotten a very nice package from starbucks to get him to come over and the bar is high. stuart: the bar is very high. lauren: starbucks is an icon, so is chipotle, but can he do it again? stuart: we'll see. taylor riggs with us this morning. i want to get back to the inflation report earlier today. inflation is clearly cooling, according to the ppi and the markets seem to like it. taylor: yes, i think there's nothing in this report that tells us we're not going to get 25 basis point cut in september. you're seeing very good disinflation on the good side and good moderation on the services side that we were really waiting for so we're finally getting that. goldman sachs came out with a great note this morning saying this is a classic buy the dip opportunity especially when it comes to nvidia given such the bi

the challenge is that starbucks will be different. first, the footprint much larger and more global with more than 39,000 locations around the world. company owned and licensed. the china and u.s. businesses are under immense pressures with higher prices and quality issues. back over to you. >> kate, appreciate that. that's kate rogers with our reporting. >>> how about this juicy little tidbit i learned earlier today from sources telling me that nelson peltz's trian built a substantial stake in starbucks over the past few months and then had conversations with mellody hobson. trian is happy with today's outcome so much that they sold the stake on the big pop. the best day ever for starbucks. we'll continue to follow that story. we're just getting started on "closing bell." has the ppi solidified the case for rate cuts? stocks seem to think so? so does allianz's mohamed el erian. what happens tomorrow ahead of tomorrow's cpi print? he'll tell us. - i got the cabin for three days. it's gonna be sweet! what? i'm 12 hours short. - have a

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as a result of these sanctions, starbucks had to lay off hundreds of employees . publication of images of the severe beating of a prisoner once again criticized the brutality of the american police in the pictures published in arkansas , the american police officer beats the prisoner, who was wearing a hospital gown, on the head . he also fastens the car's seat belt around the neck of this sick prisoner and puts a necktie on his chest. 10 days ago , police officers in illinois arrested a black woman who asked the police for help after entering her home with nothing. due to the shooting death of the japanese prime minister, he resigns. fumio kishida said that the country's ruling party will not run for the party leadership in next month's elections. this comment it means the sudden resignation of the prime minister. fumio keshida recently because of the inflation that has put pressure on japanese households. and the lib dems' political and financial scandals have eroded their popularity. and the people of shahada city, badakhshan province, afghanistan, rebuilt the

starbucks about 90 countries. starbucks about 90 countries.f 7—eleven australia and its 750 stores. we are also big in asia. mlb and they have about 300 stores in europe. bind asia. mlb and they have about 300 stores in europe. and there is some serious _ 300 stores in europe. and there is some serious obsession - 300 stores in europe. and there is some serious obsession with i is some serious obsession with japanese convenience stores. during the patronage of celebrities. while 711 operates in many countries, most customers say there stores in japan rule them all. because of the fresh food selection. that is something ryuichi isaka is trying to address overseas. translation: we trying to address overseas. translation:— trying to address overseas. translation: ~ ., . ., ., , translation: we notice a gap in performance _ translation: we notice a gap in performance between _ translation: we notice a gap in performance between different i performance between different contraries. we found is stores which sell fresh food on attracting many more sh

starbucks is the focus of two.d olive garden to salt their pasta water. they want the company to make changes to boost the stock price. instead the company has reduced guidance two times. it's down 20% year to date. same store sales have disappointed. let's face it, if you're a consumer feeling pinched by inflation, a $5 coffee is a good place to start. with the forward pe at 20, you can't say the stock is cheap. >> that's a hold, which sounds a little like a sell there, scott. >> not quite a gentleman's sell because we're going to let these hedge funds do their work. if we get back to unchanged on the year, then i would be a seller. right now i think everyone is saying they don't care about the cheese. they want out of the trap when it comes to starbucks. >> let's talk about eli lily gaining 10%. deutch bank upgrading the name to buy on mounjaro recent eps b pleasant surprise. additionally concerns about capacity constraints are easing. it would be horrible for a company to have a high margin drug that everybody w

my travel trust owns starbucks. i want to go back for a second.e on the southwest board. >> you're changing the subject already? we're talking about starbucks. >> i didn't want to pick on one person. brinker. symbol e. i just -- i'm just saying, they're not as focused. they're not as airline-ish. >> all right. we're talking about starbucks and chipotle. that's why -- >> i had to finish my thought. i didn't want someone to say, jim just i thsingled out one pe. i didn't want to be rude. there is a belief that the real problem with starbucks are about mechanical stuff. and it's interesting because the thing that laxman was supposed to be good at was the mechanical. and i find that this is a repudiation of a process and of a person that just didn't seem to click at all, and carl, the first thing people would tell you on his side, and he did have a side, is that he donned the aprons, got to know as many baristas as possible, but maybe that was the forest-trees problem because what really mattered was getting people in and out. >> got upgrades for starb

starbucks ousted their ceo.n, and what's the impact on the coffee giant's stock? >> okay, this is really the end of an era at starbucks. and a really incredible response from investors. what wave seen here is a leadership change following a period of really significant falling sales at starbucks. he only had the top job for less than a year. the company now appointing brian nikhil, who's the former head of chipotle as ceo, and investors really giving the stock a double shot here, jonathan. starbucks up 20% on the news. actually, it was the best day for the stock since the company went public in 1992. analysts and wall street basically believing here that he's the guy who can brew a fresh start for the brand amid a changing landscape particularly in the united states where we're seeing a lot smaller coffee chains opening up and really giving starbucks a run for their money. so the verdict is still out on whether or not he's going to be able to pull this strategy turn off around. >> i caught the coffee puns. there

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starbucks has announced it�*s replacing its chief executive.e. the new chief executive is credited with reviving chipotle�*s fortunes after its reputation was devastated by an ecoli outbreak. niccol takes over from laxman naraishman, who began work in april last year with a mission to reinvent starbucks but his performance disappointed investors. starbucks shares jumped after the announcement and chipotle�*s have dropped. market analyst victoria fernandez told us that illustrates the esteem in which investors hold the new boss. we see from the stock reactions of those two companies exactly what the market thinks about this move. and you have brian niccol, who has done tremendous work at chipotle.

consumer mcdonald's and starbucks and airbnb stated this slowdown is prevalent and taking place whente a top line revenue slow down particularly from the low-to-middle income consumer. what walmart has done is attracting the high-end consumer we really want to see what they say and what commentary is the higher-income consumer hitting that same type of wall that the lower-income consumers are with walmart, we feel they are doing an excellent job of insulating themselves from the slowdown that's whereas the best of breed consumer stable do an excellent job of finding alternative revenue sources and tied to big data and cost cut and reduce the overall costs they are incurring. that's where walmart can stand above the rest. >> stack financial clients have enjoyed a great run so far this year that stock is up 30% it's leading to some concerns about whether the optimism has already been priced in that 30% move has now led to a forward price-to-earnings ratio of around 29 to 30 times next year's anticipated earnings. is that a reason for concern and would you want to lighten up positions g

his compensation at starbucks is tied directly to performance. to deliver long-term, enduring value for our partners, customers, and shareholders. melissa? >> kate, thank you. kate rogers. i guess it was no surprise that he had to be paid more. >> yeah, one thing about that $75 million replacement, is that because he had to leave any cmg money on the table and they just were making him whole for that? or is that a -- is that some sort of rsu kind of -- >> you know what? kate is still here. >> oh, i can ask her. >> kate rogers, we'll bring you back. >> karen, it's a mix, to answer that question. some of it are rsus and some of it, i believe, is part of the make whole plan, to answer your question. >> all right. kate, thank you. >> thanks, kate! >> thank you. >> when i bring back the guest, i get yelled at. >> she never good-byed. >> kate could answer it -- >> i'm -- >> if kate didn't know the answer, she would have just made believe she took her ear piece out. >> that would have been the smart thing to do. >> kate knew. >> i thought he would get m

starbucks will close. i do with the market coalesces around or the in-depth at the new lower price. that conception is a problem. this payment will medicare had is interrupting the process. instead of actually going to get the drug administered at the physicians office with a cheap setting with this artificial payment structure that maintains this event for the hospitals and has this double problem of encouraging hospitals to buy up all these practices. it points to the idea of what everybody is gathered here. there's number of justifications anti-doping the current policy serves almost anybody long-term goal. >> again, i think some of the reason we all probably touch on his issues with touch a lot of patience and this is a big one is come up but i think personally i done a lot of work in the corporatization of medicare and the sort of movie with an independent physician practices. this is a pretty asinine policy from the perspective where you are medicare is making effectively an active choice at this poi