>> well, whether i leave starbucks or not, i will always be all in in starbucks but this has been planned for over a year. and my confidence and faith in kevin and the leadership team, the long-term opportunity for starbucks, the company's in a great position and it's always been a team sport. right time for me to leave and i have other opportunities and other things i want to do. >> i want to talk about those other opportunities in a second. but just in terms of the timeline, you talked to the board about a year ago but had planned from what i understand, to step down in may. >> the truth of the matter is i thought this was going to happen in may then we had the unfortunate situation in philadelphia. we thought given what we wanted to do in philadelphia and the obligation we had, we push it back a month or two. >> so you talk about the opportunity ahead. >> jyes. >> why are you stepping down from starbucks right now >> it's been planned, as i said. i know there's speculation about whether or not i would run for public office. and what i really believe is there's a lot of things i can do

kevin johnson, ceo of starbucks. back to you guys. >> thank you very much at the open we have record highs for the nasdaq and the russell we're watching secretary ross on capitol hill talking about section 301. we'll get to oracle and fedex and g nerkse in a moment. >>> jerome powell said the case for continued rate increases is, quote, strong. the u.s. economy performing very well said growth is meaningly above the long-term trend. the unemployment rate is below the long run level he sees wage growth moderate not all that hawkish on inflation. job market, though, strengthen further. on the markets, he said confidence is become overconfidence and lead to excessive borrowing and risk taking he said the u.s. financial stability vulnerabilities are moderate some asset prices are high by historical standards carl, i hope to learn more from the chair on the issue of monetary policy amid tight labor. he's sticking to his idea. >> our interesting points. thank you, steve liesman this has been a week, jim, where attention is

and as i said starbucks temporarily shut eight thousand stores this week to conduct four hours of racial bias training for its employees and new policies will allow guests to use the facilities the hoods without making a purchase and how might this change businesses like starbucks the founder of the melissa armload joins us melissa i love it when you are in the studio love it won't forget or thank you so i love you all the time we love you for to hear love love the big apple we will hope that we don't hear the sirens as we're talking you never know in this city so there are lots of starbucks right around us now and they've got a new policy that allows patrons or non patrons to use the restroom they can go in there without making a purchase and that's going to not just change business per store books but i imagine others in the space are also going to be looking at what's going on with starbucks what do you think it's very interesting because they did they do this just because of that incident because people used to go into starbucks all the time were talking about this use their wife and

really is the architect of the modern starbucks. he's overseen the company's expansion as he joined back in 1982 this is big. do not miss a cnbc exclusive interview with howard schultz at 8:00 a.m. eastern time on "squawk box. >>> meantime, apple co-founder steve wozniak making some comments on crypto currencies, saying he hopes bitcoin will become the single global currency, adding that he bought bitcoin back when it was around $700 per coin. >>> and twitter shares getting a nice pop this morning. investors certainly going to be happy. you know why because twitter will join the s&p 500, replacing monsanto, which is being bought. >>> all right, here's how you money and investments look right now as we are about halfway through the 5:00 a.m. hour in new york stock futures are in the green, not a lot, but up abou25 points right now we'll see if the market run of the last couple sessions and day.her nasdaq record can happen we'll get to more on your markets and money, but first to the story that, no doubt, everybody's going to be talki

too many starbucks, lamar? >> do we have too many we have inf we have too many there's good competition with the local companies. >> i wonder about that as well the new specialty startup shops. anyway, guys, thank you. lamar, michael block joining us, starbucks delivered unexpected news they are closing 150 stores, opening fewer or slower pace of stores in 2019, third quarter comps, mike, not about being -- well, it is, but this is existing locations growing 1% >> that's right. >> bomb shell. >> a little bit. no without, remember, the company also recently agreed to sell retail grocery sold coffee business >> that's right. >> trying to rationalize the business maybe trying to take care of some deferred decisions, you know, now, howard schultz exits the scene, cleaning the slate. >> good point. focusing on that shares down a couple points after hours. >>> meanwhile, tech a big underperformer in today's selloff. discussing whether the sector is in trouble from the tariff fight with china, plus, "fast money" says

it's a good thing, i like starbucks. >> the seller of starbucks, always a buyer of pete seller of trucks >> i love you, pete. >> hawk is too rich. valuation too rich i think it trades to last year's 52-and-a-half. >> pete i will ask you the question >> yeah. >> do you think starbucks is a growth stock >> yes >> you still do have faith even though it will have 1% comp store sales? >> yeah, that obviously wasn't an issue last quarter when they reported they just barely beat the analysts, which was very low >> that part has been a headache you know, what i think they're doing is a right thing they're closing the stores, tim is looking at china and other areas. i think the growth we are seeing internationally will be huge for starbucks. >> david will be sitting do one starbucks ceo kevin johnson tomorrow at 9:00 a.m you can vote on our twitter poll are you buying while online head to charitybuzz.com to meet all of us here in time's square you will get a one of a kind glimpse of all the behind the scenes action. maybe a drink with guy >> what? >> if it makes you drink more. >> you bid on this

this is why it's important what starbucks is doing. this is why it's important what we're doing on the air. she said it could happen again. it may have happened and someone didn't videotape it. if we don't put a spotlight on it, it doesn't force some institutions to deal. that's why people say to me why do you march, you just want publicity. that's exactly what i want. i want to put publicity on what they're doing. >> absolutely. well, we have jermaine lee in the audience with additional stories of these day-to-day interactions. >> that's right. we heard about the big explosive cases of racial injustice in america but that's not what most black people in america deal with. you deal with what we call microaggressions or a thousand cuts of racism every single day. i'm here with elta jackson henry who recently moved from seattle. tell us about your experience with microaggressions in america. >> very subtle. i thought is there a chip on my shoulder? am i imagining something? but i live in the brooks county area, i like to go out to lancas

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

app and starbucks had five million new digital customers since april. it has been a rocky few months for the rocky giant. this month, the ceo stepped down as executive chairman after more than 30 years of making starbucks a household name. that news come after one week after starbucks shuts down all of the u.s. stores to provide employees racial training. prompted accusations of racism. >> what happened in the way of the incident escalated and the outcome is nothing but rep prehenceable. >> now starbucks is shifting its business to put a renew focus on the customers. >> starbucks is definitely going through a reneurwal of how it approaches and attract today's consumers. >>> the city of cupertino could generate millions of dollars of the new tax revenue if the new bla ballot proposal goes forward. taxing businesses for r every employee. nothing was decided but if it does get the go ahead, cupertino voters could decide on the november ballot whether to pass the head count tax. the bay area city also considers this new tax including macronutrients vie moun

that is what he has created at starbucks. i would love to see him out there regardless if he decides to run. he can do so much more for our country. he is a truly authentic leader. u.s. needs more authentic leaders. >> management question for you. one of the themes that andrew talked to howard about was the idea of ceo as president. president trump, donald trump or in many ways. i'm not sure as some media portray it it is the idea that ceos can become presiden ifically for the reason that howard which is president trump didn't run a traditional public company answering to a board. >> i think it is a big stretch. frankly, president trump was an owner and wasn't a ceo. it was a big difference. howard was the owner and then became public ceo. i love his views. i want to hear him out there. he is a fiscal conservative and social progressive. i like that. we haven't had anything like that. he wants democrats not to go too far to the left. ul make the big leap i think we need a go contest to find out. i would love to see him compet

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

. >>> 4:34 am and a man who took a small chain of coffee stores and transformed them into starbucks, not retiring >> howard schultz announced his retirement. there are even reports he could run for public office, which could include the president the -- presidency. >> reporter: starbucks is a part of ny lives. the man who kept it going for the three decades is howard schultz.>> we do not spend too much time worrying about the competition>> reporter: in a letter to starbucks employees, he said he is retiring. for years i have had a dream to build a different kind of company. when the house the potential to enhance lives and endure long after i was gone. angst to you, my dream has come true. he became ceo of starbucks in 1987 and group the seattle- based chain of 11 stores into a global coffee giant of more than 20,000 stores in77 countries. he scaled up and did not scale back on what he envisioned as a socially responsible work place. in his letter, he said he was proud of the healthcare benefits for full and part-time employees. employee stock options, parental lfree college tuition

that's not what starbucks is doing, right? >> that's not starbucks' experience. starbucks had had the arrest of those two gentlemen and other experiences of bias, and it seems like it's one-sided. they wanted to address that. >> no. wait a minute. >> no. hold on tucker. let me finish this one point. >> okay. >> they wanted to create a dialog between people of different backgrounds. it wasn't about blame. i think that's one of the things that's missing oftentimes when we have these discussions, tucker, people think that just because you want to have a dialog about race -- yes, history matters, all these things -- you know, i think we need to think of it way, we'll have an open exchange of ideas, and have an open dialog and -- >> no, no. that's false. what our kids are being taught, what starbucks is teaching, that certain groups are more prone to racism than others. that's a lie, as you know. all people are fundamentally the same, in that they're capable of great good and great bad, and racism is a great bad. no group has a monopoly on racism in this or any other

men been arrested in a starbucks for being white?el >> tucker: i don't know about for being white come i don't know what that means. the point is you have had a lot of antiblack racism but that doesn't meane that everyone who is white shares a special burden racism because that assumption is itself racist. to get beyond this morass that human sin is universal and people aren't responsible for the actions of people who happened to look like them. and it's wrong, right? >> you have inferred more from this than i think starbucks is actually saying. >> tucker: no i haven't, let's not be disingenuous. i'm not inferring anything. i'm listening carefully to what i'm being told. >> okay, there is antiblack racism and when we are addressing that, sometimes that can come from anybody of any background. what we are trying to do is address some of the issues of anti-blackness, immigrant sentiment, we are trying to that.s there are times when african-americans discriminate against other african-americans based on the assumptions they have. i thin

. >>> starbucks is making plans to close dozens of underperforming starbucks. the company says it's targeting 150 starbuck locations around the country to close them in the next year. at the same time starbucks ceo kevin johnson says the company will keep opening new cafis in markets where there's a demand. that announcement shook up investors. starbucks stock was down about 1 1/2 percent in after-hours trading. >>> the cooper cito council has rejected the tax increase. here's the report that the text targets the biggest employers like apple. >> reporter: welcome to cupertino. the home of apple were city officials are considering it making it more expensive for the tech giant to do business here. >> the councilman supports the proposed business tax hike which would affect 30 employers including apple and i don't th enough. it's a good start. expect the council is considering five different models to charge companies between 150 and $1500 per employee generating between four and $32 million. the majority of that would be coming from apple by far the largest empl

coming up, the man who built starbucks into a global empire is taking his coffee to go. he will be setting his sights -- could he be setting his height that his sights on the white house? emmanuel macron has his lines with the france football team. that is ahead of the world cup. first, our top stories live from paris. israeli prime minister benjamin netanyahu is in the french capital today. the latest stop on his queuest o get europe to up pressure on iran and not salvage the nuclear deal that has been floundering. he is meeting with president emmanuel macron one day after discussions with angela merkel showed major disagreements with how to stop iran from getting nuclear weapons. >> benjamin netanyahu will meet emmanuel macron today as part of a three-day tour. in europe the two men are at odds over israel's treatment of palestinians. it is -- a disagreement that became more acute when the israeli army shot dozens of protesters on the gaza strip. meeting german chancellor on: oh monday, benjamin and yahoo! -- german chancellor bungalow merkel yesterday -- >> iran's cal

we're talking about a starbucks. but could a big announcement from the coffee giant mean you have to change your routine? >> i'll take a caramel m macchiato. maybe a croissant, too. >>> we're going to look at the morning's headlines, including the immigration crisis. homeland security heckling. >> shame. shame. >> the dhs secretary facing a backlash amid the white house's zero tolerance immigration policy, as a new report shows the administration is housing babies and toddlers in texas. >>> quitting the council. >> this is not a retreat from human rights commitments. >> reporter: the u.s. announces plans to withdraw from the u.n.'s human rights council. >> we take the step because our commitment does not allow us to remain a part of a hypocritical self-serving organization that makes a mockery of human rights. >>> cigarette smoking hits an all-time low with a new report showing 15% of adults are smokers. >>> pulling the plug. general electric, the last original dow jones industrial average stock, dropped from the dow

this will be a big blow to starbucks. absolutely, and what is next for mr schultz is even more interesting. there is speculation we could see schultz 2020. he is said to have presidential ambitions and he has said ina presidential ambitions and he has said in a statement here is exploring a number of options including running for public office. he wouldn't be the first corporate executive to consider the white house. some other names floating around include bob eiger, from disney, 0prah around include bob eiger, from disney, oprah winfrey, and mark cuban. the thinking being that maybe if they can run a successful company they can streamline government as well. and starbucks has notjust a big financial legacy, expanding from 11 stores to 28,000, but it has built up to be so successful, the stock price went up by 20,000% since 1992. he has given his employees free benefits, college tuition, and after a racist incident, he made sure all their stores closed for several hours of racial bias training. so he wanted to make sure

the right things for starbuck's. so by doing this, i have a goal to ensure that we get this right for starbuck' on this journey, and if we do it right, my aspiration is that others can embrace some of the things that we have learned and that we are willing to share with everyone and perhaps make it easier for them to embrace something and start to get off the sidelines and get involved in a constructive way. >> people don't understand that when you are black in america and at a different level, women, you actually have to get up in the morning and get yourself geared up for a different environment. you're going to be looked upon as a suspect rather than a customer and collisions are going to happen until we deal with the root cause of where all of us come from, which is a culture of race-based prejudices and presumptions. >> that's one of the learnings that we've woven into this, is the term racial anxiety and how that affects different people and different races in different ways. being able to have those conversati

we're talking about a starbucks. but could a b announcement from the coffee giant mean you have >>> if our cameraman can hearus i will take aar camel macchiato. just up and down -- there you >>> homeland security heckling. the dhs secretary facing a backlash amid the white house's zero tolerance immigration policy as a new report shows the trump administration is housing hundreds of babies and toddlers in texas. >> there's nofi justition for families being parated. >> this is not a retreat from the human right commitment. >> withdrawing from the human rights counsel. >> we take this step because our commitment doenot allow us to remain to be a part of an organization that makes ack ery of human rights. >>> a new report showing less than 15% of adults are smokers. >> pulling the plug. neral electricity, dropped from the dow now being replaced by wall tpraepbz. >> and what the ale. oh, lk out. a wayward foul ball bsts a beer out of a fan's hand. >> i love sport coverage. even the beer stills g an instant replay. >> s >

another starbucks former fan says, if, is starbucks assuming there is no limit on what people are willing to pay for coffee? i've been a loyal customer for years but, i have reduced the number of visits every price hike. 20 cents more means fewer trips for me. in fairness to starbucks, they say their costs have up 9% for overall operating costs and 13% for stuff like rent. yeah the economy is doing better. maybe things are costing more. but in addition to twitter we talked to real people in person, believe it or not. listen. >> i'm one of those nerds that make coffee at home. so i do feel that paying $5 for a cup of coffee is too much. >> i'm a starbucks fanatic. i really don't care how much it is. i am like people with cigarettes, no matter how much they raise prices i get my starbucks [laughter] reporter: hate to say it that is pretty much the attitude. but that is the starbucks right there behind us. well, people keep coming out the door with their starbucks in hand. the stock, by the way, pretty flat over the course of the year. it is down a little bit year-to-date, over the course of

. >> whether i leave starbucks or not, i will always bl in at starbucks. but this has been planned for over a year and my confidence and faith in kevin and the leadership team, the long term opportunity for starbucks, the company is in a great position and it's always been a team sport, it's the right time to leave and every other opportunities and other things i want to do. >> that was howard schultz along with andrew ross sorkin on "squawk box" today commentin imminent departure from starbucks. he's set to step down as the company's executive chairman effective june 26 but as optimistic as he is about starbucks' future, schultz is leaving the company at a time when the cafe empire is slowing growth worldwide and the controversial decision to open their restrooms to everybody shares of starbucks have stalled and are down 3% this year. >> stalled nice. >> is schultz leaving the company at the right time. you look at the decline down 2.5% you look at what the stock has done in the past two years, basically nothing and slowing north american sales. >> this i

the man who turned starbucks into a global coffee brand is leaving the company, and many are wondering what's next for him and the business. those stories and more tonight on "nightly business report" for monday, june 4th. >>> good evening, everyone, and welcome. i'm sue herera. bill griffeth is off this evening. investors started the week in a buying mood. the nasdaq notched a record close, its first since march, led by names like apple, amazon and microsoft. a rise in retail stocks also helped lift the dow and the s&p 500. today's gains follow friday's rally which was fueled by better than expected employment report. the dow jones industrial average finished up 174 points to 21,813. the nasdaq advanced 52 and the s&p 500 added 12. >>> well, with markets off to a strong start, let's talk about what may be in store for the major indices for the rest of this week. and we're joined to do that by liz ann saunders, senior vice president and chief investment strategist at charles schwab. good to see you. >> good to see you. >> it seems to be good news around on the economy and on earnings.

starbucks c.e.o. howard schultz has announced he is retiring from the coffee company over thirty seven years he has transformed starbucks from a single coffee shop in seattle into a global brand most recently aligning the company with political issues like race and jobs for underprivileged youth should says he's considering going into the public sector with some people expecting a presidential run in twenty twenty choices an outspoken critic of u.s. presidents donnish trump and might run against him as a democrat ticket. the german chemicals group by is very close to finishing its takeover of u.s. seeds john to monsanto the sixty three billion dollars buyout is set to close on thursday. ditching the name on some to vote it's been the target of protests and lawsuits for years but months on to products will keep their names like round up which contains the controversial herbicide choli for state insists that monsanto is crop protection technology and to genetically modified seeds are vital to feeding a

he became ceo of starbucks in 1987 and grew the seattle-based chain of 11 stores into a global coffee giant of more than 20,000 stores in 77 countries. as it scaled up, he did not go back on what he envisioned as a socially responsible workplace. in a letter, he said he was proud of the company's healthcare benefits for full- time and part-time employees, stock options, parental leave, free college tuition, in the hiring of veterans and vet -- refugees. her father and i worked for the company. >> when he was indoctrinated and came to do employee introductions, he had to do the barista job. >> reporter: they change the game with ethical sourcing, changing coffee culture in american corporate culture. >> i cannot tell you the number of ceos who all hailed the model, the idol of the great leader. >> reporter: some criticize starbucks from taking away business from smaller, local cafes. >> it is part of everyone's everyday lives. many make jokes. >> although it's a corporation, the main focus ismake money.the service they give to customers. i think that is really cold. >> reporter: the ne

this is a big loss for starbucks. what is mr schulz going to do next? starbucks is everywhere and is prevalent in asia. howard schultz is a loss for the company. he is exploring a number of options, writing a book, spending some of the family this summer. the most interesting option is running for public office. we could see howard schultz 2020. speculation has been swirling for some time now that he has presidential ambitions, frequently mentioned as a possible candidate for the democratic party. in an interview with the new york times he said he was concerned about the growing division in america and its standing in the world. if he i’u ns its standing in the world. if he runs it is an impressive resume, with 28,000 starbucks, and with the shares going up thousands of%. in asia, chinese demand for coffee is surging. the number of shops has doubled to 600a years, expanding in asia and in the world. absolutely. -- 6000 in asia and in the world. absolutely. —— 6000 in four years. asia and in the world. absolutely. —— 6000 infouryears. iwant to

starbucks is forecasting sales growth will be slower than expected this quarter. the company anticipates global same-store sales to rise 1%, that's below analyst estimates of 3%. starbucks has missed sales forecast in the u.s. in five of the past six quarters. the company is closing 150 underperforming u.s. cafes in 2019 that is triple the number it's closed on average in recent years. they will also slow the growth of the licensed stores, those are the ones in airports, supermarket the and retail outlooks most of the growth has come from those license stores but they're less profitable than company-owned cafes. the company opened more than 2,000 new stores in the past three years, there are now more starbucks than mcdonalds in this country. most of the locations that will be closed are in more urban areas where rents are high they plan to return $25 billion to shareholders through fiscal 2020 this all came out yesterday. kevin johnson was presenting it at this oppenheimer conference in boston. they also said they will bring in an outside consultant to work with t

and as i said starbucks temporarily shut eight thousand stores this week to conduct a four hour. of racial bias training for its employees and new policies will outguess to use the facilities the heads without making a purchase and how might this change businesses like starbucks the founder of the stocks melissa armload joins us melissa i love it when you are in the studio love it won't together thank you so i love you all the time we love you. love love the big apple we will hope that we don't hear the sirens as we're talking a never know in the city so there are lots of starbucks right around us now and they've got a new policy that allows patrons or non patrons to use the restroom and they can go in there without making a purchase and that's going to not just change business per store box but i imagine others in the space are also going to be looking at what's going on with starbucks what do you think it's very interesting because they did they do this just because of that and say because pete.

now starbucks shifting its business to put a renewed fomes on the cus >> i think starbucks is definitely going through a renewal of how it approaches and attracts today's consumer. >>> alexa, what can i do around here? >> your summer vacation getting an upgrade thanks to alexa. the echo smart speaker ls about tod on night stands in rooms in four hotelch ns. it can order room service, call housekeeping. guests conrned about their privacy can ask to have the speaker removed from their room. >>> right now, once again, a first 4 traffic alert. breaki news, this is on the beltway. a full closure. fire with a setruck, maybe a couple of other vehicles. we're trying to get this information sorted out right now on the woodrow wilson bridge.th means all lanes are closed. we're talking about local lanes d through lanes. bottom of the beltway on thels woodrow bridge at this point this morning. this is a major response, a massive scene. g everybody'ng to very likely be sitting there for some time, aaron. we've been talking what was going on as this happened, and you were mentioning something earlier.

(pam) starbucks customers be warned... (vo)you may be target of thieves. why criminals are focused on the those particualr patrons in the east bay.(catherine) plus.. a shark sighting in the ocean off a peninsula beach. the word is out, but it's not chasing away fisherman and other beach goers.(pam) and that lava flow in hawaii is relentless. we have an update on evauations on the big island. the news continues in 70 seocnds, on kron 4 news at six. a warning tonight for people parking their cars in starbucks parking lots in hercules... (pam) burglars there are targeting whatever people are leaving in their cars.. . good evening i'm pam moore. (catherine) and i'm catherine heenan. kron4's haaziq madyun shows us what's happening.. theives are targeting starbucks customers and their personal items left in vehicles at coffee shop locations in herculessot

i like dunkin' better than starbucks. starbucks is up against it, i get the valuation story but valuation story might be rich given their growth so i'd rather be dunkin'. >> karen, etsy is the underdog, amazon is the top dog. david or goliath >> i have to go with goliath mathematically they're difficult to get behind on a valuation basis but if you think about it goliath has so many more resources plus it's more divorce phied. it's not that i don't like etsy but i think all right, there was a freak accident and david won overall, though, goliath were they to fight ten times goliath -- >> goliath wins the war but david wins the battle? >> there you go. >> next up is bk >> is that david or -- >> what is that? >> that's david. >> it's a slingshot. >> oh, oh! >> get with it will you. >> i'm up on my biblical reference now. >> let me explain why. >> very deep, this gain. to be clear. pect a slingshot >> are we ready now? >> yes, please. >> square to me is more nimble, they're solving a real problem they're out there with small

burglars are targeting cars in the parking lot of one east bay starbucks. we'll have the story. ( marty )and... four more deaths have now been linked to tainted romaine lettuce. we'll find out where the latest happening. (ácommercialá) ♪ ♪ protect your pet with the #1 name in flea and tick protection. frontline plus. trusted by vets for nearly 20 years. this morning ... at least five deaths are linked to lettuce contaminated with e. coli. there have been 197 reported illnesses linked to the bacteria since march. the c-d-c says the deaths were caused by romaine lettuce grown in yuma, arizona. the f-d-a says lettuce has been pulled from stores and restaurants across the u-s. symptoms of e.coli-related illness include fever, stomach cramps, and ( dave )continued warm today...a look at your forecast, next ! (ácommercialá) ignite the fire in you with emergen-c energy+ natural caffeine from green tea to focus your mind... 7 b vitamins plus vitamin c to fortify you. emerge energized, with emergen-c energy+. emerge and see. i'm jeff bleich. preventing viole

. >>> first breaking news on starbucks. the stock sinking as executive chairman and former ceo howard schultz is planning to leave the company at the end of the month. let's get straight to andrew ross sorkin who broke this story earlier. andrew. >> big news here in seattle. it is the end of an era for starbucks, as you just said. howard schultz announcing his plan to step down not just from his role at the company as executive chairman but also from the board and that decision fueling some speculation that he could pursue public service, that this might be one step before that. i should tell you that myron ullman, the former chairman and ceo of j.c. penney will be appointed the chaiof starbucks. mellody hobson, many cnbc viewers know very well, also another board member appointed vice-chair as part of this transition kevin johnson, the ceo of starbucks, will remain in place. in large part you talked about the stock falling 1%, but this transition has been in place quite some time. i remember being here in seattle when howa

what's new with starbucks? >> it's a beautiful day for a price increase, the third time in three years. how much and what averages? he you'll have to stay tuned to find out. hi. i'm t he only bed that actually senses your movements and automatically adjusts to keep you both effortlessly comfortable... does your bed do that? i'm the new sleep number 360 smart bed. let's meet at a sleep number store. betty called me at she thought it was a fire. it was worse. a sinkhole opened up under our museum. eight priceless corvettes had plunged into it. chubb was there within hours. they helped make sure it was safe. we had everyone we needed to get our museum back up and running, and we opened the next day. news right now on facebook pate bous said recently they found a bug that posted some of the users post publicly when the users that they were sharing privately with their friends. facebook has fixed the bug issue. they say they are reaching out to the 14 million people who posted publicly during that time to let them k

i'm andrew ross sorkin for "nightly b >>> well, starbucks investors aren't t t happy about departure of howard schultz. the news sent shares of the stock lower in trading today.ou no those same investors want to know what is next for starbuckshend how company plans to overcome a number of challenges. kate rogers has that part of the story for tonight. >> reporter: it's a new era for starbucks as founder and executive chairman howard schultz steps awe he made into name over the past 30 years. >> please come in. >> reporter: now the focus is on kevin johnson, the company's ceo who has been at the helm since last year. the two men worked closely together and analysts say th johnson to step out of schultz' shadow. >> i think this will be an opportunity for even to show himself and show heoesn't need to rely on howard and he can leverage the experience and talented the rest of the team. >> reporter: schultz' departure mes at a time when the esmpetition for consumer dollars is fierce as compa from mcdonald's are offering steeper values on coffee. stbucks isocused on mobile as well as the c

. >>> and protect your business from a starbucks situation. what you need to know about implementing anti-bias training in your company. >>> when it comes to making choices for your business, we have your back. so let's grow fast and work smart. that's all coming up next on "your business." >> msnbc "your business" is sponsored by american express. don't do business without it. >> "your business" is sponsored by american express. don't do business without it. >>> hi, everyone. i'm jj ramberg. and welcome to "your business," the show dedicated to helping your growing business. there are all kinds of ways companies can expand from their local area to becoming a national brand. and one of those ways is through partnerships. we headed out to chicago to learn how two food-related companies have joined together to help them both grow. ♪ >> we started in new england. we're here in chicago as well with plans to move down to new york city and d.c. baltimore over the course of the coming year. >> shay cokely is co-founder of boston-based food box, a v

the executive chairman at coffee giant starbucks announces he's stepping down. stepping down. bottom line is, moms love that land o' frost premium sliced meats have no by-products. [conference phone] baloney! [conference phone] has joined the call. hey baloney here. i thought this was a no by-products call? land o' frost premium. a slice above. i thought this was a no by-products call? i look like..., most people. but on the inside, i feel chronic, widespread pain. fibromyalgia may be invisible to others, but my pain is real. fibromyalgia is thought to be caused by overactive nerves. lyrica is believed to calm these nerves. i'm glad my doctor prescribed lyrica. for some, lyrica delivers effective relief from fibromyalgia pain... and improves function. lyrica may c suicidal thoughts or actions. tell your doctor right away if you have these, new or worse depression, unusual changes in mood or behavior, swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling or blurry vision. common side effects: dizziness, sleepiness, weight gain, swelling of ha

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

the man behind starbucks is retiring. we will tell you what he plans to do next. to california schoolsd, need big change. marshall tuck is the only candidate for state ntendent who's done it before. less bureaucracy, more classroom funding. marshall tuck for state superintendent. marshall tuck. ♪ ♪ legendary jockey vÍctor espinoza is insatiable when it comes to competing. ♪ ♪ so is his horse. ♪ ♪ when it comes to snacking. ♪ ♪ ♪ ♪ that's why he uses the chase mobile app, to pay practically anyone, at any bank. life, lived victor's way. chase. make more of what's yours. our phones are more than just phones.up! they're pocket-sized personal trainers. last minute gift finders. [phone voice] destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet which could save you $400 or more a year. it's a new kind of network designed to save you money. click, call, or visit a store today. >>> welcome back to "mornings on 2". san mateo county supervisors will vote this m

starbuck starbucks' growth, from 8% to 0 because of two unflagged problems cannibalization. and some issues with third party delivery service sure did shock us today. meanwhile, the u.s. numbers meager which is why starbucks is closing locations. the coffee saturation is palpable and the bathroom policy isn't even being discussed these guys are in total low growth to no growth denial now that cofounder and owner how ward schultz has moved on. this is a chance for new ceo instead, johnson continued to overpromise and under deliver. starbucks still trades like a growth stock what is worth than a slowing growth stock, the stock of a company with no growth the fulcrum is growth. not fed. not interest rate. and all growth is not created equal. some companies have it and some don't. if it is gone, your stock is going to get obliterated nobody is going to pay up today for a nothing burger tomorrow. alejandro from florida. >> caller: i have been doing my research and this stock keeps going higher and higher. with the cost of satellite into space going down, is this stock a buy even

. >> 2018 is not 2008 for starbucks. we are billing a great, enduring company, opening a store in china every 15 hours, up to 3500 stores roasteries opening in new york in september and october the future of the company is bright cyclical changes at timm confident in the long term progress >> joining us now is neil, would you bet on starbucks from here >> i like the coffee, but i don't know enough about the company to reay recommd itone wu know, the one thing about it, l kelly, is there's a mundane business such as coffee, but they are shaking it up as we talked about, trying to do other competitive things to keep their name out there and continually grow >> where are you in the consumer space more broadly on a day when starbucks has leadership transition, and as we said, we think of traditional retailers are doing pretty well. >> well, you know, there are specialty items to look at, kelly. a stock i like is sanderson farms. it's just a chicken farm, supposedly, but they process 570 million chickens a year, 4.3 billion t

so much focus has been on what he does next, but what does it mean for starbucks and starbucks shareholders? had already handed over day-to-day operations to johnson probably about a year ago, but still, him stepping away later this month, that does kind of put in question some of the more premium stuff he had been working on, so the reserve line of copies, the roaster ease -- roasteries he had been opening, the huge locations that had been romance ofthe coffee. maybe we could see some of that slow down as well. company talks about this third-quarter comp number and the measures it has taken, do we have any further out visibility as to if the changes could give a boost to numbers and how quickly that could happen? >> it's hard to say for sure. the company has wanted to digital initiatives. they have been opening up their rewards program to non-rewards spring, so people next will be able to earn stars and get rewards at starbucks without actually fully signing up for the program. julie: thank you so much. coming up, how simmering trade tensions are boiling over in emerging markets. we talk a

this is implied volatility in starbucks here. with the stock going this way, option prices have gone that way. and it's becoming increasingly hard to make directional long premium bets owning calls or owning puts to do that. as the stock goes lower, i think to the point, valuation should become a really good support level. >> all right, thanks, dan. for more action, check out the full show, tomorrow. >>> coming up, the bit coin nightma nightmare rages on one says there's more pain ahead. he'll explain next live from a very rainy, very dark times square in new york city well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a

of course, those comments falling on deaf ears starbucks shares tumbling 9% today. saying it will close 150 stores. will johnson be able to fix starbucks' big cup of woes you pitched this last night, pete >> i liked the name but i was too early because i didn't know this news was going to be coming out. it came out as we were doing the show yesterday it was disturbing because to me the 150 stores they're closing here, that doesn't bother me they've been doing 50 stores a year if they're underperforming, get rid rid of the m. makes sense. the part you're always pointing to is international. china specifically they've had nothing but great growth there we all know the stats of every 15 hours a new starbucks is built. you know what? the fact they're struggling there is concerns. and that was something that was not really known until recently that they were having that big of a struggle they got in china. because that's where you're pointing to. for me it's like nike. i like over at what they're doing in the asian markets that's a strength. there are names that's what y

you say race but starbucks has been in the press for the wrong reasons on race. he didn't defend his company, he said it was reprehensible, arresting two african men in a store in philadelphia, he said they need to have a conversation on race. has nailed his political colours on the mast and i don't think he will disappear and write his memoirs, think he will go into politics. henry will be having a strong coffee in our greenroom! he will be back later. let us know what you think about plastics, howard schultz. stay with us on the briefing. also on the programme: the sports team will have a round—up from roland garros, as players get ready for the quarter—finals at the french open. the queen and her husband began their royal progress to westminster. the moment of crowning in accordance with the order of service, by a signal given, the great guns of the tower shall be shot off. tributes have been paid around the world to muhammad ali, who has died at the age of 7a. outspoken but rarely outfought, ali transcended the sport of boxing, of which he was three times

starbucks man and starbucks girl presents starbucks. >> yeah. >> he is all the way on >> we exit the elevator. that was fun. catch us next time on an all new rtm. >>> tonight, the major announcement, supreme court justice anthony kennedy reveals he's retiring. and now, president trump's chance to shift the court for a generati generation. justice kennedy known for years as the court's swing vote, siding with conservatives at times and siding with the liberals, too. president trump making it clear today, the work to replace kennedy begins immediately. tonight, the battle already under way. democrats scrambling. and the president in his own words. what he told americans he would do with the supreme court. >>> also tonight, the police officer charged with criminal homicide in the death of antwon rose. he was unarmed, shot three times and killed as he ran from police. and tonight here, the new video. what it reveals just before that

here's something for those of you who enjoy starbucks but have mixed feelings about going to starbucks because of recent events. starbucks has a very relaxed new loitering policy. from now on you'll be able to sit in a starbucks or go in and use the restroom without having to make a purchase. it's all part of their please don't fling human feces at us, this is isn't a tim hortons initiative. the move comes after starbucks in philadelphia called the police on two black men who were sitting in the store not making a purchase. apparently they were making the white people sitting in the store not making a purchase nervous. and this became an embarrassing event. so now starbucks is going all-in to make sure everyone is comfortable no matter if they're there to buy anything or not. >> at starbucks, we feel terrible about what's happened recently and we want you do know that we are committed to an environment where everyone feels welcome at all times. need a place to get out of the rain? or maybe you just want to charge your phone for a few hours? our door is always open. if your wife kicks y