40 Burst results for "Starbucks"
Fresh update on "starbucks" discussed on Sound ON
"This is a Bloomberg money minute, words from fed chair Jerome Powell were music to investors ears. He signaled that although interest rates will continue to rise future increases will be smaller. The Dow industrials gained 737 the S&P rose 122, the NASDAQ climbed four 84. The economy was stronger than originally thought during the third quarter. The government revised its gross domestic product figure to show a 2.9% growth rate up from 2.6. In a sign that higher interest rates may be starting to slow the economy, the number of U.S. job openings fell last month to 10.3 million. The government says there are still nearly two jobs for every unemployed worker. The national labor relations board says Starbucks violated labor law when it refused to bargain with unionizing workers in Seattle. The agency ordered the coffee chain to negotiate with Starbucks workers united, Larry kofsky, Bloomberg radio. Not completing
Fresh update on "starbucks" discussed on Bob and Sheri
"I couldn't be an IT professional. That's like a skill set. I couldn't be a math brain. Yeah, it could be the greatest job in the world. You and I are still over here with earth sciences. Well, the other thing is I'm looking at communications and there were probably some people that maybe went into it. They thought it was glamorous. They like to be in a newspaper or on television or write a story or two for magazines. And they found out they just didn't really have it. But you will find, you know, in all of those sciences, you're going to find somebody who just is great at what he or she does. And they have a successful career. However, what I'm reading out of this is you better be terrific at what you do if you choose one of those. You just better be able to work hard and be great at it. You know when my kids were deciding what they wanted to study and be and all that. It was like, I just want you to pick something where you think you'll be happy and fulfilled. 'cause there is nothing worse than picking something because other people tell you it's safe or a good choice. And then you're miserable, right? I have a friend of mine, very successful lawyer, and he just, we were talking about jobs one day and he said, if I had it to do all over again, this is the last job I would have chosen. He said, it's just sad. It is sad. He said, but I'm at a point in my life. I mean, this is what I do, and I be stuck, yeah. Yeah. It's kind of stuck. It's bob and cherry. The fun size podcast, a shareable taste of the show at our website for the free free bob and cherry app. Um, usually it's bob's job to bring you some news that starts out sounding happy. Like, wow, have you seen the new holiday drinks at Duncan? And then ends up making you just want to slam your own head in a door. Thank you. I own it today. You own it. I own it today, so I'm scrolling, I think it was probably my Instagram. If somebody had a drink posted that, man, there was a lot going on. And I'm pretty sure it was Duncan. It might have been, it wasn't Starbucks. It wasn't a historics cup, but whipped cream and chocolate and candy and sprinkles in a candy cane and the Dunkin peppermint mocha swirl frozen coffee. has 1011 170 calories. Oh my God. A 182 grams of sugar and 40 grams of fat. You guys, I would be better off just eating my dog alive than to drinking that. That's like half of your calories for the day, isn't it? I mean, it's roughly, how many calories are we supposed to have today? Every day, 28 thousand. Well, maybe you as a dude can have 2800. I think I'm allowed to have about 1500, 40 grams of fat. And a 182 grams of sugar. Now I'm not just want to pick on Dunkin. Let's see what Starbucks has going on with their peppermint white chocolate mocha Frappuccino. Large or as we say at Starbucks events. It has 500. Let me just say, to me, it's still just a bunch of BS without stuff. I like Starbucks, but give me a break. Go ahead. 550 calories, which after what we just described. What are we on diets here? 19 grams of fat in 88 grams of sugar. Oh my God. All right, let's go over to McDonald's. McDonald's looking like the healthy choice here with their peppermint mocha latte large. Only 430 calories. That's nothing. 14 grams of fat, 58 grams of sugar. Now I'll remind you that Duncan has 1170 calories, 40 grams of fat, and a 182 grams of sugar. McDonald's, McDonald's is puffing out its chest to go in. Yeah, we're the healthy option. What do you think? I'm loving it. I'm loving it. Krispy Kreme has a frozen pumpkin spice latte. If you get to the 20 ounce, 20 ounces, my God. I hope I hope you're enjoying this next to the bathroom 'cause you're gonna be in there. 680 calories, 22 grams of fat. A 101 grams of sugar. I mean, I like fat and I like sugar, but before I get 40 grams of fat in a drink, I'm gonna have a steak and a brownie. Like that's insane, isn't it? I'm just gonna drink something that's healthier, like eggnog. You know what? When you look at these eggnog actually looks like the helpers flexible. Better choice, I know. So it just turns out that the most fattening drinks are Duncan. And here I want to say something good about McDonald's. Because I'm not a fast food person, so I never really say anything about McDonald's. I want to say something good about it. When you look at these holiday drinks and you go, Duncan, Starbucks, Krispy Kreme, Pete's, depending on what part of the country you live in, you might have a Pete's coffee. The healthiest choice for a holiday drink is at McDonald's. And then you're craving coffee. McDonald's has very good coffee. If you're craving one of these, you know, peppermint mocha choco loco things or whatever. Just go ahead and get you the McDonald's because right across the board from fat to calories to sugar, it's the healthiest option. And that is the only that's not a flag McDonald's gets to wave every day. So yay. The only problem is when you get in line in your car to get it, plan on being in line for about a half an hour because you can't find anybody to work and you got three people going out of their minds, hustling the cash register and all of the food and the aforementioned drink. Yeah, but think about all the twitching and steering wheel drumming, all those calories you're burning. You know what? Get a bag of fries to go with that coffee drink. You've earned it. There it is. The eggnog is always half full, eggnog glass is half full with you. That's beautiful. This is bob and cherry. Bob and sherry ask, do you know what crazy cat person? Are you crazy? We are not crazy. Are you a crazy cat person? Well. Time to out yourself and proclaim to the world your love of your kitty best friend. It's the my life is all about my cat line in the bob and cherry store, with t-shirts available in an assortment of colors. With the perfect style for you. Unisex women and even tank tops in sizes small to three X or you can have tea or coffee with your kitty pow with ceramic mugs. That also saved my life is all about my cat. And of course, sheri's award winning cooking with cats is chock full of great recipes and fun photos of feline frolicking in the kitchen, with shirts, Drinkware, and a cookbook, the bob and cherry store has your crazy cat person covered. This holiday season, even if it's you. Yeah, they're crazy, but there are a lot of fun. Just hit shop at bob and cherry dot com. Bring whatever you drink and celebrate happy hour, Thursdays at 7 VM eastern. Live on the bob
Fresh update on "starbucks" discussed on Today, Explained
"Their organizations. When a company brings a CEO back Chris, what's usually the reason or the reason they give the public. They'll often turn to former CEOs in times of crisis. This usually means that there's just gotten into trouble and either resigned or been fired abruptly, but one of the best arguments for bringing back former CEOs is that they're just frankly a known quantity, an attribute, often important to employees and investors looking for reassurance that a company can quickly get back on track. And this maybe leads to a different reason, and that is companies like to bring back CEOs. When they want a leader who can hit the ground running, say they've been down the learning curve, they know what they're doing. They know the landscape pretty well. Give me an example of when this has worked well. Howard Schultz returned to Starbucks after an 8 year hiatus when the company's stock price was really suffering. What had happened was that we were doing everything humanly possible to feed the beast and we were measuring sales per hour transactions per hour and doing everything we can for growth. And there's nothing wrong with that if it's balanced with making sure that the customer is at the center of everything you do. And that wasn't the case. To successors had made a series of changes such as introducing automatic expresso machines and more sterile store designs that frankly degraded the higher touch higher class Starbucks experience and by refocusing on the company's core principles that had originally made the premium brand successful Schultz was able to help customers and employees fall back in love with Starbucks. Ultimately leading its share price to more than triple during his second tenure. He's actually just more recently come back again for a third and he came back in April and the stock seems to be doing okay. So I think that's a good example. And give me an example of when it did not work so well. Well, I think there are a number of examples when it didn't go well. I think AG lafley returned as CEO of Procter & Gamble after the company suffered under its successor. With investors hoping for a Steve Jobs like SQL, but unfortunately this sequel never occurred. P and G experienced lackluster performance under laugh Lee's second tenure in the company stock price dramatically underperform compared with competitors as the company lost market share. And of course you can't forget Ken lay, whose second stint enron included one of the most surprising and devastating failures in corporate history. Certainly, we're surprised. I think probably more appropriately to say we're shocked, certainly this was not the outcome. We expected. You mentioned some successes and some failures. What usually happens? Are there more successes or more failures? Our analysis suggests that these success stories like the jobs are often the exception rather than the norm. That actually the differences in our data were quite striking. Boomerang CEOs indeed performed significantly worse than other types of CEOs. Yeah, actually on average, what we found is the annual stock performance of companies led by boomerang CEOs was more than 10% lower than their first stint counterparts. And these results actually held true even when we compared them with other non boomerang CEOs who were hired in times of crisis. So yeah, overall, Noelle, boomerang seemed to hurt rather than help. Why? Were you guys able to figure it out? Well, we have a couple of thoughts. You know, one is that many boomerang CEOs barely recognize the company upon returning, and that's often because business conditions differ dramatically from those of their first stint as CEO between the times when they leave and return, changes, inevitably occur in consumer preferences, competitors, suppliers, demographics, or even the broader economy, and these changes are especially pronounced and problematic and dynamic and fast changing industries in which boomerang CEOs perform much worse per our data as the value of the boomerang CEOs accumulated experience depreciates much more quickly. Our evidence suggests that this is really hard thing. The most CEOs think they can do it coming back, but the landscape is just fundamentally changed. So what do you think about bob Iger coming back to Disney? Do you have any predictions? Well, I wish I could look into my crystal ball and make some predictions. I think actually there's reason for hope on this one. And the reasons are one, bob is not a founder. We found that boomerangs who are founders actually perform significantly worse, I mean, again, they have a very significant mental model of how they wanted the business to proceed. And so it's harder to get rid of those prior views of how the organization should move forward. So it's not a founder. Two, he hasn't been gone that long. And then perhaps there is, he seems to have a plan for how to move forward. And so again, for those three reasons, I'm hoping, I'm hoping Disney has some positive news ahead for them. What do you think will happen to bob jpeg once the CEO has been
Fresh update on "starbucks" discussed on WTOP 24 Hour News
"January 6th. There's another U.S. corporate knockoff opening up shopping in Russia. First, it was McDonald's. Now, Krispy Kreme smelling so fresh so tempting so full of natural glazed goodness of the North Carolina based donut chain has been replaced in Russia by a local knockoff, crunchy cream, that's crunchy with a K, serves its own version of glazed donuts, crispy cream shut down 30 stores in Russia over the summer after McDonald's ended operations in June, its locations were rebranded tasty, and that's it. Old Starbucks renamed stars, Yale school of management, counts more than a thousand western companies that have left the country because of the war in Ukraine. Deborah Rodriguez, CBS News. Still to come here on WTO, Congress is poised to take steps today to avoid a potentially devastating hit to the nation's economy. It's a 43. The following is a paid commercial by
Fresh update on "starbucks" discussed on Bloomberg Daybreak
"You're listening to Bloomberg daybreak. This is a Bloomberg money minute. The house plans to take up legislation today to prevent a strike by freight rail workers. Meanwhile, prospects are brightening for quick action in the Senate despite some resistance, business groups have been imploring lawmakers to act, warning that the economy would lose $2 billion a day in a walkout. Coffee prices could be going higher again soon. Futures prices for the kind of beans used by chains like Dunkin and Starbucks, rose by the most in more than three weeks. The world's top supplier Brazil is not getting enough rain, and that's cutting into expectations for a bumper crop that jer J Powell gets attention today when he delivers a speech on the economy and investors will be watching for more signs that the next rate hike will take a step lower to a half of a percent following a series of three quarters percent increases. Stocks ended mixed in yesterday's trading and the futures are higher this morning. Gina survey Bloomberg radio. One
Starbucks workers plan strikes at more than 100 US stores
"Some Starbucks employees are going on strike today employees at more than 100 Starbucks stores are staging a walkout over better pay more consistent schedules and higher staffing levels at busy stores Starbucks has more than 9000 company owned stores in the U.S. and employees at individual stores have been deciding whether to unionize Starbucks workers united which is organizing the strike says it will take place in 25 states and some workers plan to pick at all day the employee action also coincides with Starbucks annual red cup day customers are given free reusable cups when they order a holiday drink Starbucks has opposed any unionization efforts saying the company functions best when it works directly with employees I'm Donna water
Gen Z Loves Chick-fil-A, Starbucks, Chipotle & McDonald's
"They asked the Generation Z what is your favorite restaurant? And I thought it was gonna be like one of these organic juice bars. Sure. Or, you know, some like I don't know. Vegetarian. Vegetarian joint. A salad place. Well, according to CNN, the most profane name in news. Crying Negro network. Thanks, judge Joe Brown. According to CNN, teenagers around the country, that's Generation Z love, Chick-fil-A. Well, I'm not surprised about that. I know like Chick-fil-A. Well, of course, it's because we surround ourselves with and we surround ourselves with good church going Friends. This is true. I'm not surprised. Few pagans in the mix. But by and large. Starbucks came in second at 12% Starbucks really a restaurant though. That's kind of pushy. I don't know about that. Yeah, I don't know about that. I don't know what's after that. So here's your top, the top of the list. It's Chick-fil-A, Starbucks, chipotle. And McDonald's. Wow. Come on, guys. I'm not terribly surprised. Can I just say about McDonald's? McDonald's used to be like Chick-fil-A, and unfortunately they've just been mismanaged. A lot of the franchises, they just don't, there's no consistency. Honestly, if I'm gonna have something like that, I'd rather go to like crystals. Oh, that well, oh, so you're a crystal girl. I had it yesterday. I actually no, they call them white cats. So white castle is different than crystal. The same concept. We don't have a white castle around here. Nice. Crystals will do. I see. The survey, 14,500 teenagers, 47 states, the average age just under 16 years old, you know what this tells me grace baker that tells me there is hope for America. Yes.
AJ Reviews the Clinton 'Suicide' Death List
"I've detailed the Clinton death slash suicide list of people who've been around. Ville and Hillary Clinton. And why don't we just review this? It's been a while, but there was James mcdougall who was Clinton's convicted whitewater partner who died of an apparent heart attack. While in solitary confinement and he was just only a key witness in Ken Starr's investigation, I mean, that could happen. I mean, that could happen. Then there was Mary Mahoney. Who was a former White House? A White House intern. Who's murdered in July of 1970 7 at a Starbucks coffee shop in Georgetown. And the murder happened just after she was to go public with her story of sexual harassment at The White House. Many of you know about Vince foster, the former White House counselor and colleague of Hillary Clinton at Little Rock's rose law firm, he died of a gunshot wound to the head, the back of his head, which is a weird way to kill yourself, but either way they call it a suicide. There was Ron Brown, secretary of commerce, and the former DNC chairman, they say he died by intact and a plane crash, and a pathologist close to the investigation reported that there was a hole in the top of his skull, resembling a gunshot wound. At the time of his death Brown was being investigated, and he spoke publicly of his willingness to cut a deal with prosecutors. Don't do that.
Starbucks Degrades Latino Culture
"Starbucks is sending out an email to all those who get emails, which is millions of people from Starbucks. Starbucks celebrate LatinX heritage month. What thinks? When I first saw it I thought it was LatinX. And my first reaction was, was it a tissue? Was it a Latin Kleenex LatinX? Turns out LatinX because the left won't say Latino. Latino saint Latino, but left wing Americans, non Hispanic, non Latino, say LatinX. Is anybody at Starbucks embarrassed. Well, here's an example of where you could do a very easy thing and let the let Starbucks know. That they have degraded themselves, they have degraded Latinos, they have degraded the English language. And just unsubscribe from their emails.
Video Shows Washington Man Firing Multiple Rounds at Officers
"So there's a police officer in Tacoma, Arizona and I may not take home Arizona law help me Jesus. Tacoma Washington who well, let me put the scenario together. There's a suspect who got into a domestic violence altercation with his girlfriend. She calls the police on him. She runs out to the house. She tells the dispatcher before she run out of the house. The hay he has a bunch of guns down in the room that he stays in. You know, he's a violent individual. She ended up making contact with police while she's talking to police. She said, hey, he has a gun. He has an AR-15. The guy's crazy. They get her to a safe area. This guy ends up confronting the police, not cooperating, going back inside the house, the police show up in the alleyway, and also in the front yard to try to contain him, he comes out, he pulls out a gun, he starts shooting at the police officers. He shot at the police officers in a hail of bullets, at least three separate times. Before super cop showed up, so super cop showed up with testosterone that you can see coming out of his ears, he pulls up to the scene, he put his coffee cup. He had a Starbucks latte. He put his latte on dashboard, I mean, you know, on a dash, he walks around, he pulls his rifle out, he didn't say nothing. The guy is shooting at him while he's doing this. And he didn't do nothing, but get his rifle together, load around in the chamber, sit up on the back end of the SUV and take one shot from a 183 yards away. That's out of control.
Kari Lake Stands at the Precipice of Saving Arizona
"Is the beachhead Arizona is a chance for us to push back against the globalists every state matters every square inch of this country matters. However, Arizona right now is the place where all the thoughts, the prayers, the work, the ambitions of the working class, the maga base, the America first movement is all coming into Arizona where 39 days away from electing one of the most exciting candidates that I have lived through and that is Carrie Lake and she joins us right now. Carrie, how are you doing? I'm doing great. Good morning, Charlie. How are you? I'm excellent. Thank you. So how's your race going? You're running up against someone who refuses to debate you, runs away from questions. The latest polls show you up despite the fact she's outspending you the media won't cover you accurately, but you're running one of the most successful grassroots campaigns I've ever seen. How do you think it's going? I think it's going great. If you base it on momentum, it's going to be a landslide victory, but we know that there are lots of other things that play here and we have to work for every single vote. We're doing the ask me anything tour because my opponent won't debate. So we decided to take the debate or as I call it the job interview out on the road. And we're going to every corner of this state. And letting the wonderful great people of Arizona ask me questions as if it's a job interview. And you said that my opponent won't answer questions. I think of voter saw her at a Starbucks the other day and went to ask her a question and she said she won't answer. She said, I'm not answering that. I'm not talking to you. I mean, this is how she feels about the people of Arizona. She's not serious about this job. She's hiding in the basement and hoping that all of this dark money will win her this election. It's gross. She's contemptible. The good news is that Arizona is still a red state and that people are coming to your campaign on huge numbers.
Starbucks to revamp stores to speed service, boost morale
"Starbucks as it plans to revamp its tours to speed service meet changing demands and boost employee morale I Norman hall Starbucks sales are steaming but it's struggling with low employee morale It says it plans to spend $450 million next year to make its North American stores more efficient The company says there's growing demand for new types of service including drive-through mobile ordering and delivery drive-through now makes up about 50% of U.S. sales changes will have to be made to hot drink workstations to handle the spike in cold drink sales Around 300 worker union protesters picketed outside of Tuesday's Starbucks investors meeting I Norman hall
"starbucks" Discussed on WCPT 820
"A Starbucks in Memphis, Tennessee fired 7 workers who were trying to unionize the company. Starbucks is currently denying these accusations, saying they were fired for security reasons. However, this is not the first time something like this has happened. As union busting can be traced back to the early 19th century. Union busting is when an employer tries to delay this band or prevent a union from forming. Despite it being illegal, it is sadly become common in the workplace. From president Ronald Reagan firing all members of the professional air traffic controllers organization who went on strike to Amazon firing to Kwan Smith for trying to create the Amazon labor union. For the latest case of Starbucks firing employees who are trying to unionize, union busting was made illegal in 1935 with the national labor relations act, yet somehow, the practice of the union busting are still happening today. This has been a WCT moment in labor. We are working for your rights. I was in the hospital with my son for 18 months. When he got injured, I wasn't prepared, but I knew I had to be strong. When I was told about John's injury, I was in complete shock. I just remember rushing to his room and give him a big hug and letting him know I was there. These veterans and families are just a few of the heroes we serve at homes for our troops. For thousands of severely injured veterans, everyday life is filled with barriers. I was really the little things throughout the house. Counters that you can't roll up to drag my wheelchair down steps. I want to help, but he is so determined. At homes for our troops, we build specially adapted custom homes with features like wheelchair access, roll in showers and automatic door openers that allow them to function independently and focus on their recovery and family. This house is freedom. It's hope
"starbucks" Discussed on Squawk Pod
"Us with a preview of what's coming up, Andrea good morning. Good morning. We are sleepless in Seattle Becky quick this morning. Here at a Starbucks I'm live in Seattle at a Starbucks reserve store. I'm gonna be speaking with Starbucks is founder, Howard Schultz and incoming CEO, lakshman. In an exclusive interview, you can only see here he was just announced the new incoming CEO last Thursday coming in from wreck it. It was big news in Starbucks world or this iconic coffee maker in the future of it. So we'll talk about that in so much more. All of the various challenges that this company is confronting right now with labor and inflation and everything else and we'll also of course get Howard Schultz's thoughts and get a sense of how all of this came together. That is actually a pretty good-looking Starbucks behind you, Andrew. It's a beautiful Starbucks, and I have my on the show in New York. We often get iced coffee from Starbucks. A glass glass. It looks like a Guinness. Don't give a crap. Andrew is it just cold, fattening, iced, fattening drinks? Is that the new Starbucks that I also I can't wait to hear you talk about? Sign us up. Yeah, yeah, exactly. I can't wait to hear you talk about labor issues. I mean, that is such a. I don't know what line does Howard Schultz walk with the labor issues, Andrew. That's a good one. I know you're ready for that. I know you can't wait for that topic. We're going to talk a lot about labor. Obviously, the inflation picture, the China piece of all of this, and really what lakshman sees in terms of how this is all going to come together. It's worth noting, as you know, that there have been two leaders of the business since Howard effectively handed over the reins and hand over the range twice and had to come back. So we're going to talk about that and what that relationship is going to look like as well. And I know a lot of investors and customers are interested in trying to understand all of those different dynamics.
Comedian David A. Arnold's Advice for Those Looking for Success
"Someone ran into you at a Starbucks right now. They listened to the show, they're like, I was really inspired by your story, but the type of life you're living, what you break through is the struggles you've had. You're upbringing all of it the way you communicate. Obviously your heart to tell you're a good man. It's a guy who's in jail for a week. And now he's, you know, get the best special on the Planet Earth. It's unbelievable. And they said, hey, I want to be successful, and I'm just like, I'm just treading water right now. Could you get that? Would you say to me that might nudge me for it? It could be any piece of information, anything I should remember, anything I should think or do. I mean, just anything, if I had two minutes with you, what would you say to them? I would say that what you're feeling is exactly what you're supposed to be feeling. Because anything worth anything is not supposed to be easy. It's supposed to be hard. It's supposed to make you feel like you feel, which is maybe I shouldn't do this. Maybe this is a mistake. Maybe I should quit. Nobody around me believes in you. And the hardest part is sometimes the people that are closest to you will be the ones that will give up on you first. Even your agents, even your like, that's real. You have to want what you want hard enough that cuts through all of that. And you have to find that thing and whether or not you have that thing that makes this thing that you want, not having it unacceptable. It has to be, you can't, you have to be able to go, can I live without it? Can I go to bed at night? Wake up one day knowing that I was, I said I wanted to do something and I gave up and I'm like, okay. Yeah. With going, I'd let that one go. Yeah. I can't do that. Me either. Not for not for not for something. There's some things where I'm like, I'm going to jump out of plane. Yeah, I'm fine. I'm past that. Right, you know what I mean? But there's some things that some things are not negotiable and there's some dreams that are not for sale.
"starbucks" Discussed on WNYC 93.9 FM
"Here and show our solidarity and support with our brothers and sisters because their fight is our fight and that we're willing to help out any Amazon worker and not only Amazon workers. The Starbucks workers, any worker that wants to organize because that is the most important thing. The group called on Starbucks and on Amazon to recognize successful union drives at the two companies and stop trying to discourage future attempts to organize. The west Indian day parade returned yesterday to Brooklyn, the city's annual Caribbean carnival celebrations returned after being suspended the past two years due to the pandemic, including the early morning juve festival, Rochelle Brown was out celebrating. Each Caribbean island has carnival. And being away from your homeland and getting this one opportunity, there's one day to celebrate hang with friends with people you don't even know. It's all about the funding. It's all about the celebration. Rounds family is from St. Vincent's and the Grenadines. Yeah, actress Leah Mitchell makes her day to you as fanny Bryce in the Broadway revival of funny girl today. The casting made headlines this summer with Michelle taking over the role from beanie feldstein, who had been performing as Fannie since April. She abruptly announced in July she was leaving the production, the revival show, which has received largely mixed reviews, is performing at the August Wilson theater, it's based on the original 1960s production made famous by Barbara streisand. Let's take
"starbucks" Discussed on CNBC's Fast Money
"This is where capitalism was created in our country. Bringing med money to the New York Stock Exchange is like bringing it home and I can't wait to bring it to you. Not money at the end where you see weeknight 6 eastern CNBC. Welcome back to fast money, a news alert now on Starbucks. The company naming its new CEO. Let's get to Kate Rogers with the details. Kate. Hey Melissa as you said, Starbucks announcing just this afternoon that locksmith narasimhan will be joining as incoming CEO on October 1st. He was most recently the CEO of record Ben Kaiser consumer hygiene, health and nutrition company, maker of durex and air wick, he was also global COO at PepsiCo and a senior partner at McKinsey and company. Howard Schultz will be staying on as interim CEO until April 1st of 2023 will also serve as an adviser to neuroscience through the calendar year of 2023 and remaining on the Starbucks board of directors in a statement about the announcement Schultz said, quote, he is uniquely positioned to shape this work and lead the company forward with his partner centered approach and demonstrated track record of building capabilities and driving growth in both mature and emerging markets. This was not a name that analysts had been circulating. We'd heard rich Allison potentially also Mary Dillon, now the CEO of Foot Locker, but formerly of Ulta had both been floated, the company was focusing on an external hire for the role it also recently saw the departures of its EVP of North America's Ross Anne Williams, and it also announced it would dissolve the COO role this year that was occupied by John Culver, Schultz has been focusing on the reinvention of the brand for the future meeting customers where they really want to be, which is increasingly mobile, improving safety and stores and the partner experience as the company faces down its ongoing union fight. I'm sure we'll hear it much more at its investor day and just over a week, Melissa, back over to you. Kate, thanks, Kate Rogers. BK, you like Starbucks? Not particularly, it doesn't seem like an environment that $8 coffees are gonna do well. All right, Tim, you like the $8 coffees and you're also in the stock. So what do you make of this new CEO pick? Well, the focus on both developed and developing markets is clearly a Starbucks strategy that focus on unit growth is something we're going to hear more about. In fact, this September 13th investor day, I think is very important because the last big one was mid two 20 where we got this sense on a financial outlook that talked about some both unit growth and compounded sales. If you look at where they're coming in, I'm pretty easy comps from 21, especially because of the China weakness into 22. You're looking at U.S. same store sales comps have probably 11 and a half, 12% in international of 8 and a half or so or 9%. It really gets back to what you want to spend and pay for as an investor for what you want to spend at Starbucks where they're cranking prices by the second it seems. But if you put a 30 multiple on it, which is a discount of where it has been over the last couple of years, but a major, I would say premium to where it's traded on a 5 year basis. You're at a $100 stock, no problem. If you think this should be trading more in line with a 25 multiple, which is a longer term average, then this stock is capped right here. It's done very well against the S&P. It's outperformed the S&P by about 11 or 12% over the last three months as they've kind of righted the ship here. This is an important hire. I think the investor day really needs to set a very clear tongue. A lot more to come on fast. Here's what's coming up
Kurt Schlicter: The Future of America Is in Danger
"I'm trying to make is that the American Dream was alive for me. But I am older than dirt. This is about the young people. This is about the future of America in the future of America is in danger. It's red alert folks. The red light is flashing. Student loans. Don't you want to help people who took out student loans? No. No, I don't. I mean, I want to help future potential borrowers by ending the student loan program completely. Now, I took out $70,000 in student loans. I paid back every set also paid for law school with GI Bill and working. And my life experiences led me to understand the solution to the student loan problem, which is payback your own loans. Okay, if you win our gender studies degrees, that's great. It's going to take you a while working at Starbucks, but you need to pay back every single penny.
Democrats Screw Middle Class America... Again!
"Want to go back to what's happening in just a short amount of time. We're going to find out that the Federal Reserve is going to tell us like they always tell us that they're committed. They're committed to stopping inflation. Right. Glad to hear it. Glad you guys finally actually realized it was a problem. 'cause you told us forever it was transitory. Well, how's that going to work when you have a White House that is clearly committed to just making sure that everybody's got more money in their pocket. And by the way, the kids that are getting this and the adults, I say kids, right? But let's keep in mind, 67% of all outstanding student debt, of which we have $1.7 trillion worth more than we had in the subprime mortgage crisis, the primarily under 40, right? So it's young people. It's young people that went to fancy schools and now they can't pay it back because oh, I don't know, they did like a gender study program. And they find that they're not that employable other than maybe as a barista at Starbucks, which they don't want to work at anymore. You get the picture, right? So you have people that took out too much debt, and you know, you know, I think the government had a role in all that. I think this is a major industry. And they created effectively this kind of woke ism amongst this younger generation. Through the university system. But these kids sign on the dotted line, and now they're not going to have to pay back. And who's going to get stuck? Paying this? American taxpayer payers, the people that are working so hard that are dealing already with escalating. Gas prices. They're dealing with escalating food prices. It's like your rubbing salt in the wound here, guys. It's really pretty unbelievable. I mean, look, our long-term trajectory trajectory here is quite flawed. In fact, I would say that we're on the brink of a lot of fiscal problems,
The Left Is Bent on Using Latest Oil Crisis to Affect Change
"Well, the real problem now is is that the left is just bent on making sure that we use this oil and gas gasoline shortage in the prices of these to affect change. This is what this is what they're wanting to do. And it's really troublesome for them to realize that the president is going to the Middle East to beg from oil. When at the same time, they have worked everything they could through this administration starting from day one to begin a different process of changing the quote thought of fossil fuels. I mean, we stopped the Keystone pipeline day one. We've interrupted oil and gas leases. We've not even considered building a new refinery space so that if we, you know, the oil and gas. We have that we could put that into refined product to go into the market. We've talked, I mean, this administration has talked at nauseum about wind energy and solar energy and hydroelectric energy. But God forbid we talk about nuclear energy. This is about changing hearts and minds. And this is why I started this is when you're starting to lose the left, you're starting to lose the problem. And there are people now that they realize that they're losing voters, they're losing support because the policies that they put in place have calls to frankly the opposite effect and whether it's the gas prices that we're going up and because of the attack on energy by the Biden administration or it's the food prices, the baby formula shortage, they know that they have an issue. Now,
Crime Doesn't Just Affect Individuals, It Affects Businesses
"Justice reform is we've talked about his matching the punishment to the crime. It is taking a holistic approach to saying, here is the problems that we're experiencing and the crimes that are being committed and here's how we're dealing with those crimes in the best possible function for society and that includes the individuals who are going through the justice system. What we're seeing is when you have cities such as Seattle and Portland in Los Angeles who are complete and utter crime zones. I mean, you can almost put crime scene tape around the entire cities, then you're seeing that it not only affects the people who are there, it begins to affect the businesses there. Business at the end of the day, no matter how woke they may be or how corporately structured they may be, they at the end of the day have to answer to their employees, their stockholders, and they have to deliver a profit.
When You Lose Starbucks, It's Time to Reconsider Your Policies
"Is we're seeing a lot of people in the Biden administration seemingly be disconnected from the world. But the first started, the where I want to start tonight is this disconnect from the world is I want to say this in which we'll start off as basically the title of this whole episode is with you've all Starbucks. You probably need to take another look. Starbucks has been a corporation that for all intense purposes. I enjoy their coffee. I've been to the original store out at pox market. They were very good to send troops coffee when I was in the Middle East in Iraq, but over time you have seen that Starbucks has been in the middle of a lot of the more progressive ideas and woke ideas from a corporate culture that we've seen. And what was really interesting to me is what happened just a few weeks just over the past couple of weeks and I had a Starbucks is closing 16 of its stores. What is interesting about this is not necessarily the business is closing stores. It's going to build into this theme in this narrative that the liberal policies right now are not working. Why don't I say that 16 major stores were closed and they were closed in Los Angeles, Portland, Seattle, in particular. Now Seattle should be noteworthy since that is Starbucks home in Seattle. The other problems of this is that they were in cities that are Democrat run cities in which crime has become the overriding burden. Starbucks CEO Howard Schultz basically laid it out. His concerns were, and this was a video that was sent to the store. He said that he talks to the employees that this is just the beginning. There's going to be many more. He said that the stores were not safe. If you just put it in a simple terms, they're closing some of the locations that have experienced the high volume of challenging instruments that make it unsafe to continue to operate into open new locations with safer
Overcoming the Fear of Being Alone
"When I say he wants to be the number one person in your life, of course you want to be very important in his life. And the number one person. Right. But he wants to not just be the number one person, the number one thing. You force the which is good. I talk about this in the male female hour, but so if you make that clear, yes, I have, I have this public success at a very early age, and I am a probably more of a public figure than you, my dear. Boyfriend or whatever. My dear Jimmy. My dear Jimmy. Is that what you named the guy? Starbucks. Okay. Yeah, let's call him Jimmy. All right, fine. Starbucks man. But now we can't call this anonymous guy, Jimmy. But all right, Scott Starbucks man is Jimmy fine. So that's what you can do that. If it's clear, look, as important as my public life, I Julie, my public life is, you are the most important thing in my life. Right. Then he'll deal with it. Right. I hope so. Well, I'll tell you, I think I met a model of that, and then we're going to come back to you. You will find this fascinating. So I think one of the greatest human beings of the 20th century, certainly one of the greatest leaders, and there aren't many great leaders. They're very rare. Was Margaret Thatcher. The woman the woman irrespective of female male. She was a force. Unbelievable. And I, for whatever reason, I lucked out in spending an evening with her and introducing her to an audience and so on. And I'll never forget what struck me, being with her alone. Was her femininity.
Starbucks Is Closing 16 Stores Over Safety Concerns
"Anyway, Starbucks, they've been woke for a long time now, and they've tried to force that upon their customers. And all they want is that they just want to fork over their $5 so they can get a burnt cup of cold coffee. So in 2018, there were a couple of guys and there were black guys and that's important to the story and I'll explain that in just a moment but two black guys go into a Starbucks and they were wanting to use the bathroom and they said, no, you can't use the bathroom because the bathroom is only reserved for grace baker, the bathroom is reserved for customers. Customers paying customers, right? Now is that a bad thing? I mean, it seems to me that's a pretty normal thing. Now, you could, if it's an emergency, you could ask the Starbucks people, and I'm sure they would say, okay, you know, just this once. But these two guys go in there and they said, no, you're not allowed to use the bathrooms because you're not a paying customer. The place was packed, and so the guys refused to leave the store. So they called the popo. And so the popo come down, and the popo said, you gotta leave the store and you're trespassing. You're not a paying customer. You've got to leave them. The guys said, no, we're not going to leave. They got arrested. National news story, Starbucks accused of racism and they immediately capitulated to the woke mob. And so Starbucks implemented a new policy and the new policy said anybody is welcome to use our bathroom. Now grace baker, when they first announced this policy, I thought to myself, heaven help anybody who's going anywhere near a Starbucks for coffee. Yeah, it's a good point, because they're letting anybody. It doesn't matter. So what happened? So every homeless person in the cities started showing up and turning the bathrooms and the stories, folks, it's the lunch hour for those of you out on the east coast and we don't want to upset your baloney sandwich, but the horror stories coming out of those bathrooms. Gross. Unbelievable. But beyond that, you had all these mental whack jobs that were coming in. They were fighting with the customers. You had drug addicts going in and shooting up in the bathrooms. And this was all documented. I mean, they're just been horror stories since 2018. So finally, Starbucks said enough is enough. I mean, people's lives were literally in danger. If you were a barista at Starbucks, your life was in danger. If you worked in some of these, these Starbucks locations. Terrible. Now here's the interesting thing. I've got the list of all the Starbucks that are shutting down every single one of them in a Democrat controlled state and a Democrat controlled city with DAs and every one of these cities who are soft on crime. There you go. All of them. I'm seeing a pattern there. Again, once you go woke, you go broke.
John Zmirak Describes the Left's Desire for a Hacienda Society
"What is Starbucks, Microsoft, Google, the World Economic Forum, the Ivy League Pope Francis woke evangelicals, what are they all doing together, whether they are conscious of it or not. They are trying to unfound the United States of America as you and I know it and replace it with something that's sociologists call a hacienda society. Hacienda NDA. A hacienda is something in Latin America, especially, but in any society that's an oligarchy. The hacienda is represents the one to 2% that have all the money and all the power and all the influence, but in these societies, it also has all the real legal rights. If you're not part of that 1%, you don't even really have legal protection. You don't have free speech. You don't have gun rights to self defense. You don't have rights to assembly. You don't have religious freedom. You don't have any of the things in the Bill of Rights in the Bill of Rights, which are natural rights that God gave us. And the constitution was simply meant to guarantee. In a hacienda society, the only real false human beings are the aristocrats living in the hacienda and the guards working for them out in the guard. Okay, but if people can't remember the word hacienda, ladies and gentlemen, let's make it super clear. There are effectively two ways of seeing the universe. One of them leads to American style, self government, liberty. It is imperfect, but it can be beautiful and it has been beautiful and it can get better. And it comes out of a biblical worldview, the dignity of human beings, the respect for the idea of freedom for a real understanding of what liberty is, it's God honoring. The other view says effectively, there is no God. We can be as gods. It's all about power. We reject truth. We reject the God who claims to be truth. Both of these views lead in different directions.
White House Announces 'Sweeping' New Plan to Overhaul Student Loans
"Anyway, let me turn to first. They're playing here that they just announced. This week they are making a big move here, sweeping changes. That's how it's being characterized to the federal student loan system, and they are looking at all kinds of proposals. There's like 30 days for the public to weigh in. So if you feel strongly, you should weigh in on this. They want to make it easier for anybody who works in government to pay off their loans. You see how this works, right? You get it, right? You need to make big government even bigger. Here's the deal. If you come work for the government, we'll forgive your loans. The secretary of education is quoted as saying we are committed to fixing a broken system. You bet it's broken. You bet it's broken. For goodness sakes. It costs so much money and all you have to do is look at the inflation and education since the 1960s when it costs so much money to send an American student to school, something's really wrong. Because where's that money going? It's not like the kids are graduating and they're getting these fabulous paying jobs. Instead, they're saddled with all this debt. In fact, let me give you some numbers. Pretty staggering numbers as many as 40 million Americans are really struggling with these debt payments. It is a massive crisis, 1.7 trillion is the outstanding student loan balance, and that's more than credit card debt. That's more than auto debt. This is all for those fabulous colleges that everybody can go to so that they can get a degree and you know what and become a barista at Starbucks. But it's a real travesty in that I'm all for education. I really am. And I've had a lot of it myself and I'm a big believer in it, but I'm also a
"starbucks" Discussed on Squawk Pod
"Today on a super sized squawk pod. A truly wide ranging interview with Starbucks founder and interim CEO, Howard Schultz. Workers in the unions and in the office. I have been unsuccessful despite everything I've tried to do to get our people back to work. You want them back. I mean, I want to back, I pleaded with them. I said I get on my knees. I'll do push ups, whatever you want. Come back. And how inflation is hitting consumers in their gas tanks and in their coffee cups. When I look at gas prices at 6 and getting to $7 a gallon, we are on a collision course with time in terms of how long the American consumer American family can continue to spend at the level they are. Plus, what Schultz thinks of his third time in the CEO role. And what happens when a well intentioned leader gets down to business. Talking to talk and walking with walker and sooner or later walking the walk, you run into reality. In reality is a bitch. That big interview and the inflation data rocking the markets. Food prices are up, fuel prices are up and it's all affecting our future. Former senator Heidi heitkamp. We're not going to have a sustainable climate policy until we have a sustainable and affordable energy policy. It's Friday, June 10th, 2022, and squawk pod begins right now. Stan Becky bye in three, two, one, feel free. Good morning, everybody. Welcome to squawk box here on CNBC. We are live from the NASDAQ market site in Times Square. I'm Becky quick along with Joe kernan, Andrew is live in Washington once again this morning, sun coming up behind him. I like it, Andrew. Good cut. Not a new cut. I have this cut yesterday. You did? Afternoon? No. It's different behind you. The lights. The light might be different. It was sticking out and back yesterday. So it's a sunny day today. But it's sticking out. I had no back here. Is that what they call it a colic? Yes. Well, it looks high and tight. So I'm wrong. I'm usually really good with hair with noticing. I apologize. But it looks good. You never notice mine, but okay. I said it the other day how good your hair looked. Remember? And then I said, I'll get in trouble for that. And Penelope wrote it. That's why I remember when all people noticed it because Penelope noticed. Okay. That's why. Let's take a look. It's like a TV marriage and family all from one place. Extended family. All the spouses included. If you ever missed seeing our anchors here on the podcast well, now you know how their hair is doing. Andrew is in D.C. because he, as you know, is also a New York Times columnist. He founded and is the editor at large of DealBook, a daily financial report at the times. As one of his many, many duties, he hosted The New York Times DealBook policy form in Washington. You can find the interviews in the highlights on the NYT website. But today on squawk pod, we're sharing Andrew's conversation with Starbucks interim CEO Howard Schultz. Now, back in March, Starbucks made a surprise announcement that CEO Kevin Johnson would be moving on from his role and that the company's founder, Howard Schultz, would be back at the helm temporarily. The morning of that news, we here at squawk box, spoke to Starbucks board chair melody hobson, who addressed switching from Kevin Johnson back to Howard Schultz. He's done a great job for us at Starbucks and really wants to move on to do something else now. And then we have this MVP. One of the greatest players in the game on the bench so the board called them up. Fun fact, this isn't Schultz's first return to Starbucks. Back in 2008, after 8 years away, he returned to the CEO role as the company was reeling from the financial crisis. His second CEO stint, lasted 8 years. Until he handed the reins to Kevin Johnson. Now, he's taking the reins back again, and this time Schultz is taking a salary of $1. Schultz takes the helm at a complicated time for Starbucks. When store employees are working to unionize when COVID has exacerbated the global mental health crisis and nearly knocked out coffee shop culture. Here's Andrew. Howard Jones, thank you. It's nice to see. I have not seen you. I was thinking it was about three years in person. Yes. How you been? I've been okay. How have you been is probably the better question. I'm so glad you're here. And I just want to tell the audience the reason I wanted you to come here is to me right now, Starbucks and your own story. Are a microcosm more than just about anybody and anything else that I can imagine of what's happening in this country in terms of grappling with a new world post COVID, the inflation story, the labor story with unions, your relationship with China. I think you're right in the middle of it. And yet the truth is, you weren't going to be in the middle of it because you weren't going to be the CEO of this company until very recently you would stepped away. So why don't we just even just start this conversation with why am I here? Why are you here? What happened here? Because I will also just say one other thing. You or somebody, I think, who spent your entire career talking about stakeholder capitalism? Yes. And that that entire concept is now being challenged in this country. And I am hoping that you can speak to that as well. Okay. Okay, so why are you here? Is that the question? That's the question. Why did you come back? Well, I said publicly that I came back because of my love of the company and my responsibility to our people. But there's a different reason. I came back to reinvent the role and responsibility of a public company at a time where you just explained it perfectly where there is a cultural and political change with regard to a, the crisis of capitalism. The needs requirements of the employee in a company today, the fact that, and I don't want to be critical, but I have to be honest that the government, in many ways, has left people behind and at the role responsibility for a business today is greater than ever before to provide our people with the proper wage, proper benefits, and a pathway to economic mobility, which in many ways, if you think about it, you know, in the last 50 years or so, economic mobility was a given because it was threaded to the American Dream and the promise of the country. If you pull thousands of people who are working for a paycheck today and you ask them about economic mobility and specifically about the promise of the country, for the most part, they are going to say it's not available to me. And if you ask people, unfortunately, who are black or brown, they are going to say, without question, it's not available to me, for the most part. And so I have come back in terms of my responsibility, we employ 300,000 people in the U.S. 400,000 people around the world, I just feel I want to reinvent the responsibility we have to kind of look, if we think about the past, Starbucks created comprehensive health insurance for our people, 25 years before the Affordable Care Act. Equity in the form of stock options for everyone, including part time workers, free college tuition. We can go on and on. But the truth is, those benefits as good as they are and were are not good enough for the employee of today primarily because Gen Z has a different view of the world and also because the government has not provided them.
How People Are Trying to Undermine '2000 Mules'
"What are some of the principal criticisms? I mean, there are some people out there that are just angry that you've done this work that the film is out, that people are seeing 2000 mules. And so they seem to be making some claims. I think these are false claims, but answer some of those. What are some of these things that people are saying to undermine what you're putting out there? The biggest one we hear is that you can't trust this data, that geospatial data isn't this accurate. And that's simply false, a law enforcement uses geospatial data and tracking data every day in their pursuit of criminal investigations and witnesses to crimes. It's what the CDC uses to track the population. It's what massive marketers like Starbucks use to track you when you come to their driveway and they know to offer you a discount on lattes. This data is frighteningly exacting. So the argument that it's not accurate just is easily dismissed.
"starbucks" Discussed on Today, Explained
"Weeks later that, oh, actually, you're out of a job. And see that is like a very specific example that I'm sure not everyone can relate to, but on the same note, like, a store closure is not a sudden decision that's something like they've been looking at numbers for a while. Why aren't we part of that conversation at all? Why don't we know until it's too late? If this affects my financial security and my job, security, what's happening to me, why don't I know? I want to know. I deserve to know. The CEO of Starbucks, Howard Schultz, said at a company town hall recently. Here's where it gets a little sensitive because I've been coached a little bit. But I do want to talk about something pretty serious. We can't ignore what is happening in the country as it relates to companies throughout the country being assaulted in many ways by the threat of unionization. That man's the CEO of a company that you mostly like working for, have invested 5 years of your life in. What do you make of that statement? I heard it and honestly, it was just like a little funny to me like honestly we went into work next morning and everyone who had heard about it, we were like, what do you mean? He talks about how Starbucks is better without a union and good if we can just talk to partners like partner to partner or whatever, but it's like, he's super ignoring the fact that partners are starting the unions. Workers united isn't like getting full staff of people hired at every unionizing store, store that's filed to make it happen. It's like, this is like 200 ish stores across 28 states and it's all these people saying like, hey, there needs to be a change. And it's laughable when he's like, oh, we're being assaulted and it's like, no, we're just saying we deserve better. There's no outside force attacking or assaulting anyone. We are the union. That's the point we have a say..
"starbucks" Discussed on Today, Explained
"We want to make this better for other Starbucks workers and for workers everywhere. We want this to happen at McDonald's. We want this to happen at Taco Bell. I don't think it was so short sighted that they're like, okay, I need this to happen in the next year for me. I think they want it to be a larger movement. Ronnie Mola is a senior data reporter at recode from vox coming up I talked to a Starbucks union organizer in Rochester, New York. If you're someone who sells things online, you need a platform that makes it easy to sell things online. That's why Shopify is the go to choice for millions of different businesses. Shopify's all in one platform includes everything you need to start run and grow your business, whether you're selling organic dog.
"starbucks" Discussed on Today, Explained
"When did the first Starbucks stores decide to form a union and how did that process go? So they started trying to unionize in earnest in the spring of 2021. The original buffalo baristas who were talking about this started reaching out to different partners all around the buffalo area. That's a little bit easier in a city because you could often sub in for someone at a nearby Starbucks. So there was a lot of tradeoff with employees going to one place in another. And then they sort of get a critical mass by the summer of 2021 at which point they think they have enough supporters. They also think that corporate might have gotten wind of it so they go public with their intent to unionize in August of 2021. Next tonight, a group of buffalo baristas taking on one of the world's largest coffee companies and catching the attention of the national media. That gives them a little bit more protections. If they're known to be unionizing, they get the benefit of labor law. And then Starbucks pushes back and they push back heavily. They send lots and lots of support managers to the buffalo area, a lot of the demands that the Starbucks workers had. That they were understaffed, or they didn't have enough PPE, was immediately taken care of. They were like, see, we could fix things. You don't need a union. They also start doing things like captive audience meetings. That's when they tell you while you're on your shift, hey, this is why you shouldn't join our union. Importantly, Starbucks union decided that they wanted to vote on a store by store basis. It's a lot easier to keep a relationship when you have 15, 20, 30 people, and you've talked to them directly, and you know what they're going through, as opposed to trying to organize on a big regional or national basis, because you don't have those close relationships. It's in the best interest of a union to organize on a smaller basis. They have a better chance of unionizing. And the NLRB, the governing body that oversees unions, said, okay, yeah, you guys could do it store by store. Then in December 2021. History made in Buffalo, New York, Starbucks workers at the elmwood avenue location voted to unionize. They had three votes in Buffalo and two out of the three ended up voting to unionize. So there are thousands of Starbucks stores across the country. Three of them hold union votes. And then all of a sudden, it's like the dominoes fall. Looking to unionize. That's the goal of employees at a Starbucks. They say there's a new push to unionize Starbucks employees across the state of Missouri. Yeah, we told you about the efforts here in the St. Louis area will now the union movement is coming to the Kansas City area. These employees at the Astoria boulevard Starbucks have become the first in Queens to file for a union election. 7. Why is that? I talked to a lot of these original Starbucks workers and they said, you know, as soon as it was in the national media, as soon as people from Starbucks around the country saw that this was possible. You know, it just sort of planted the idea that, oh wait, we could unionize. Oh wait, these are the problems that they have over across the country in Buffalo. They just got tons and tons of inbound emails. They had a website. They're all on social media. They just got tons and tons of people reaching out to them being like, hey, how do we do this? I was told by one of the union leaders once Seattle voted to unionize. There's a store in Seattle, which is the hometown of Starbucks, just that night, you know, he got 30 contacts about unionizing. So we have yes votes in Buffalo. We have unions then form. Have the unions achieve the changes in working conditions that these workers want it. What's different now? You know, it's like sort of the most cinematic part. They've gotten people together. They go in, they vote, they beat this big corporation. But just because you've unionized doesn't mean that you get the benefits of a union, now they actually have to negotiate a contract. And that is a really tough thing to do. The contract is the document that says, okay, these are the benefits you are going to get. Here's the floor on wages. Here are the sort of health benefits that you get. We can't fire you without just cause. That's sort of thing. All of that stuff has to be in the contract. And they don't have contracts yet. They have to work with the company to create a contract and negotiate what they want. And that's really hard to do given current labor laws. The company is supposed to bargain in good faith, but there is no real teeth behind the NLRB's power to make them do so. And there's nothing forcing companies to actually agree to the contract. So they've got a big difficult road ahead of them in order to get their contract. How long do contracts usually take to sign? So they could take anywhere from 6 months to never. Wow. I saw a stat. It depends on which dataset you're looking at, but something like 30% of unions never reach a contract, or at least not after a few years. And by that point, they lose a lot of steam. A lot of the people who are originally their unionizing, maybe have left, and it's sort of done. So it's really important that they do get a contract. So part of the impetus for all of this is that you have a workforce that is relatively young. You have young people who decided to unionize who now may be dealing with contract negotiations for years. And yet they don't expect to be at Starbucks forever. Do you think that the workers who started this movement will end up seeing any of the benefits? A lot of them I spoke to, I don't know if they're going to be there in a few years. A lot of them are in college. Some have been there already 5 years, and planned to be there longer. It really depends. I think they came of age during these big social movements, Black Lives Matter, me too. They're really comfortable with the idea of creating change in the world. They're also very comfortable with technology, which helps them spread that message. But I think overall the sentiment was,.
"starbucks" Discussed on Today, Explained
"Ronnie Mola, you're a senior data reporter at recode from vox. And for the last couple of months you have been talking to a lot of baristas, what have you been up to? So I've been talking to tons and tons of baristas for some reason they all seem to be 22 years old. I've talked to more 22 year olds now that I've done since I was 22. And we're seeing this unprecedented wave of unionization happening at Starbucks. The nationwide coffee chain already a whole bunch of Starbucks have voted to unionize and in the coming weeks and months, something like a 160 more are slated to vote. This is notable because it's a big widely known corporation. Everyone knows what Starbucks is. And because it's happening in food service where you don't see a lot of unions. The push for unions is a relatively recent development. Starbucks is a 50 year old company before the union organizing began in the last year or so. What kind of relationship did Starbucks have with its employees? So Starbucks is actually known for having a pretty good relationship with its employees. Starbucks covers $20,000 for IVF and related medication for all eligible employees. It's been offering health insurance for years and that's something that's just virtually unheard of still in food service. So it's just been part of who we are, that if you work here and you've put in the time where you're going to get the benefits that make you a full partner. You know, they call their employees partners. It was generally considered and perceived to be a good relationship. And as I understand it, there's another thing that appeals to many of the 22 year olds that you were interviewing, which is at the company's politics or progressive. Yeah, I was a little bit exaggerating, not all of them were 22. Plenty of them were in their 30s, but yeah, Starbucks is a progressive company. I don't believe the primary objective or the only objective of a for profit company is to make a profit. You know, they talk about things like LGBTQ rights. Where somebody at a shareholder meeting asks you to maybe soften your position on marriage equality and gay rights and you essentially said, if you think you can make a better return, go buy.
"starbucks" Discussed on Squawk Pod
"I don't know if it's 13,500 that have been lost from Russia's social and killed. I don't know if it's closer to 6000, but in any event, it's probably more than we lost in 20 years in both Iraq and Afghanistan. We saw this coming. I think yesterday after Joe Manchin made that move Sarah bloom Raskin is withdrawn from consideration as President Biden's nominee for fed vice chair for banking supervision one day after the democratic senator from West Virginia said he opposed her nomination and you would have needed someone to flip on the impossible that a Republican would have. Susan Collins looked unlikely. She said no. She said, no, and you had other concerns that were Murkowski. I don't know. That's out and about again. Talking. Making her confirmation unlikely who withdrawal could clear the way for confirmation for President Biden's other fed picks. They've been kind of a hold on those, including chair Jay Powell, has been nominated for a second term to lead the Central Bank. I had forgotten that they put all the nominations together as one. And it was a package deal. Pal was already renovated. It was already reconfirmed. Probably a good thing to get your fed chairman confirmed, given the difficulties they're going to be facing right now. This is my favorite story. Is this good? This is a good one, I think. I always like fall. I hate the spring week. Do you know how tired I am? I know, but I like falling back. Yeah, but I hate springing forward. It's worth the trip. Because you never get the hour back. You never do. Yesterday, the Senate passed legislation to put an end to the biannual changing of the clocks. The case for permanent daylight saving time is clear. So let's go from polar to solar. Cutting back on the sun during the fall and winter is a drain on the American people. We must pass the sunshine protection act with almost no warning and no debate. The chamber at unanimously passed with their calling the sunshine protection. He's going to be against that. Which would make daylight savings time permanent. Bill's fate in the house is uncertain, but the United States tried to ditch the clock switching before. That was back in 1974. After a widespread discontent though, they went back to flipping the clocks twice a year, but this is the time of year when we pay for it. It's been so tired in that way. Oh, no. Been that way since World War I. Yeah, and what is it is it is around agriculture. It gets for farmers, yeah. Which I understand, and I don't really want kids standing out waiting for buses for dark. In the morning. It'd be good if you could switch back and forth for when you wanted the light. It would be good if you just accepted the light hours in the day, but I don't think we have the power to do that. That's right. It's kind of up to the sun. And there's still there's long days in summer and short days in winter, but they're all. Well, it's been full. They're all 24. They're all exactly 24 hours. We've made dinner late every night because I keep getting fooled, not realizing how late it is. Like, oh my gosh. That's not good. That's not good to go to bed at 8 o'clock after a late dinner. Take it from me. Yeah. You get fat, you don't digest things well, you don't sleep well. Coming up. Personal experience. Yes. Very recently. Yes, I got so many personal experiences. Oh my God. I'm here. Had to be here for you. And you had to be here for me. Next, on squawk pod. Legendary investor and hedge fund manager, Lee cooperman, weighs in on the markets, the fed and tells us how he's putting his money to work. Even though I'm not over optimistic, I do think stocks represent the best game in town. It may be the best asset in the bad neighborhood. And later, a stunning shake up in the Starbucks C suite. But one that's been brewing for a while, the company's chair melody hooks and joins us with all the transition details. It's had a great job for us at Starbucks and really wants to move on to do something else now. And then we have this MVP. One of the greatest players in the game on the bench, so the board called them up. I'm Sarah eisen, from the open to the close. CNBC has you covered. From what's driving the market moves to how investors are reacting, we'll guide you through each trading session and bring you some of the biggest names and newsmakers in the business. Be sure to follow and listen to CNBC's closing bell podcast today. Welcome back to squawk pod from CNBC. Leon cooperman is a billionaire investor longtime hedge fund manager and philanthropist. He is chairman and CEO of his family office omega. Cooperman has a Wall Street career dating back to the 1960s. He rose from modest beginnings, growing up in The Bronx and putting himself through Columbia business school before a long career at Goldman Sachs, investing his own money now, cooperman's portfolio includes some large cap technology names, healthcare, even casino stocks. He joined Joe kerning and Becky quick on our TV broadcast this morning to discuss the recent market swings, inflation, the Russian invasion of Ukraine and how a busy news cycle impacts where he's putting his money now. I'll hand it off to Becky. Lee, it's really good to see you this morning. There's a lot on the table. Yep, yep, nice to be with you. So what are you thinking right now? The last time we talked to you, you were talking about how you were a fully invested bear as your situation changed at this point. Are you more pessimistic? Are you more optimistic? I would say more pessimistic and less than fully invested. I think the Ukraine situation is serious. I can't handicap it. I basically, you know, we got a madman running Russia and I think, again, I have no particular expertise here, so I want to be careful in making sure that this and at opinions are like noses. Everybody has one. I think Putin is a dead man. He knows it. And the question really is, is he go quietly? Or do you try to take the rest of the world with him when he goes? And I don't know the answer to it. You know, he's got nuclear capability, which is troublesome. And I think that complicates the situation. But I really, when I was more optimistic, I said that I was long-term bearish because I really felt that the nation was following very inappropriate fiscal monetary policies. You know, I think I said this on your program. Last time I said if power write an inflation, I'd tip my hat to him. I mean, 64% of a typical business course is labor. Labor is not going down, you know? And the commodity inflation, every executive I talked to just tells me about how the questions are out of sight. So I don't disagree with those who think inflation may moderate to some degree from 8 or 9%, maybe 5%. That's more than twice what the fed's target is. So we've had very inappropriate monetary policies. We've been inappropriate fiscal policies, and either we're going to have to pay the piper or we're going to get currency. Just think about the debt build up of the country. The station was founded in 1776. We had no national debt. In 2017, there's 241 years later. We had national debt of 20 trillion from 2017 to 2021. We've got 20 trillion to 30 trillion in four years. That's a growth rate in debt for an excess of the growth rate of the economy. So I would say I'm worried about fiscal and worried about monetary policy. Interest rates are far too low for what's going on in the economy. I remember over the course of my career that I used to get a real return in bonds if you say the inflation rate is running 8% and then ten years a little over 2% if a negative return. And I think that that's got to change. And we're facing a regime of rising interest rates rising taxes, fiscal situation is out of whack. And continued higher inflation. And I come down to questioning myself, what is the appropriate multiple for the market? I say the appropriate multiple in my view is about 18 times in 18 times to 25 or whatever the number is in the S&P earnings. Basically, it's about 4000 and a little bit above that. So we're not undervalued. We're overvalued. And I think conditions are going to deteriorate to some degree. You think we've already seen the highs for the year with the stock markets? Well, I'd say at least a 50% probable, look, the volatility is unbelievable. A year ago, you guys were talking about negative oil prices. And then we go to a $130 in a year. So there's a lot of paper trading hands. But I would say that, yes, I think that the highs are in for the year. And if we go to a new high, everybody very modest amount, and I would be aggressively selling. And you know, I made my money as a bull. I'm not a bear. I'm not short many things. And I say on the plus side, I think we're in the land of the blind and what I'm in is king. I'm not keen about investing a lot in China. I think given Europe's proximity to Russia would say they're not going to be a favorite place to invest. So there are plenty of cheap stocks in the United States. So, you know, I'm flying playing things to do even though I'm not overly optimistic. I do think stocks represent the best game in town, but maybe the best asset in the bad neighborhood. Well, let's talk specifically about those in just a moment, but if you are under invested, that means you have money sitting on the site in cash. Is that for an opportunity? Because if it's a high inflation like that, that's you don't want cash either. Well, you know, sometimes the most painful asset is the right asset to hold. So I would say, given everything going around the world, I don't mind having some cash. Again, you know, I'm not going to compete with the S&P 500. I run my own money, my goal in life is to make money for two reasons. One, if I make money, it validates my views and I have a certain amount of pride and arrogance like everybody else I want to be right. I don't want to be wrong. And number two, I veer marked all my money for charity and I like to give away more money. So if I'm right, I have more money to give away. And that's kind of my mantra. You don't have a lot of support. How much do you have in cash right now that makes you comfortable? What percent? I would say about 10%, which is, you know, a lot of dollars. And I've been very lucky. I have more money than I need. I would say that it doesn't bother me. I find things to do, but I'm limited by my concern about the macro picture. And I'm not interested in being fully invested. I'm certainly not interested in being a margin. And I don't care about the S&P 500. I care about absolute dollars. You've been looking at energy and investing in energy for a while. I came into last year, you know, a little nervous at the moment because when I came into last year, we had a very overweight energy position. I turned to be right. So I had a very good year last year. Family officers up about 35%. I think energy stocks are cheap relative to the commodity. I think most of the stocks were involved in discount maybe $65 oil. We're currently about 95 and this county about $3 gas and Carly gets about four 75. They're generating enormous cash flow, and I don't see the administration doing the right thing. You know, it used to be drill drill drill. You know, now they're lower the gas tax, which I get stimulates consumption. They don't understand it. They're not capitalists. You know, I have a lot of things that bother me. You know, I don't like the leadership in Washington, you know, both on both sides. You know, we have the leadership at a crisis environment. Right now we're not in a crisis. We're moving towards one. Labor seems to be getting the upper hand. Which is a change. Fixed income seems totally mispriced. I don't think the 25 basis points of the issue today, the issue is what is a dialog going to be from pal. And he's been very wrong. And he seems to be have elevated societal issues relative to inflation as his concern and we'll see if he changes the dialog. But I think he should. I think Larry summers is a brilliant economist. He's in the right track. I agree with Larry. What's your best idea right now of all the things you're looking at? Well, it's extreme. Your life is funny. You know, it's very complicated and I want to take too much time on it. Life as far as I'm negative and bonds, and my largest position to family office is legato debt. Legato owns about 35 megahertz of spectrum. It shows you how paralyzed the government is. They've spent ten years trying to get this thing licensed. All of a sudden, the Department of Defense, I think bogus Lee raised some issues about the spectrum to figure the needs, the FCC 5G 5G amongst other things. The FCC study this issue for 5 years, 5 years, and concluded by a 5 to zero bipartisan vote that the Department of Defense had no case. The first lean paper, which was trading around 76 cents in the dollar, has a 15 and a half percent pick coupon guaranteed to be paid to the end of 2023. So you're going to get 31 points of interest. You can get 24 points of capital appreciation. So I can make about 55 points on a 76 investment and the question you have to answer is, what is the asset worth? I think the asset is worth materially in excess of the value of the bonds, the accretive value of the bonds a billion, and I think the asset they have is probably worth 12, 14, 15, 16 trillion, $1 billion. So it's often and we tend to go after beaten track. I like a couple energy companies in Canada. You know, one I particularly like run by the way, the smartest guys in Canada, Michael rose, is tourmaline, and then the other one, his breath in law runs paramount resources. Paramount resources is like a 25 $26 stock. They have an energy portfolio of $4 a share in non income producing energy stocks. They'll be added debt by the third quarter of this year that generating about four or $500 million of excess cash beyond the dividend and the CAPEX is covered. So you have a debt free energy coming in less than three times free cash flow. You know, I got to own something like that. And he's got a lot of screen in the game. The riddell family owns half the company which is about a billion and a half, $2 billion investment. A smart guy. So, you know, I'm funny playing things to do. 5 Cigna. I'm more old economy oriented, but I spoke with the manager of Cigna yesterday. Stock is about 9 or ten times earnings to buy back a lot of stock. The earnings are growing decent balance sheet. You know, I'm playing things to do, but I have to say that I have a conservative view of the world. And I think Biden's a totally mispriced. So I have no interest in bonds in legato is really more like an equity, but I think that that's like nothing is a layup in the world we live in, but it's close to a layup, as I know. You usually are talking about names that are a little off the beaten track, but two of your big holdings are in very commonly held stocks. Technology names, Google and Microsoft. Well, you know, I would say that my window technology. I'm not a technology expert, but I think Google and Microsoft are great windows and technology. They're reasonably priced. They're higher valued than they were four or 5 years ago, but they're not excessively valued. I've made this point in the program in the past, but you go back to two periods of excess, 1972, nifty 50. Avon was 60 times earnings polar with 90 times earnings. I don't think 25, 30 multiples are high. Back in 1972, the ten year government was 6 and a half percent. And fed funds was to think about four or 5%. You know, we're talking about fed funds, maybe getting to 200 basis points over the next year, and the ten year government is two. You're going to go up. But they're not expensive relative to interest rates, and they're my window one technology. They forgot more about technology than I know. So I have my one of my biggest positions is Google, followed by Microsoft. And they've treated me well when I pay taxes, so I'm not going to sell them. I've sold off some options against my position, because I think leadership in the market is changing. But I don't know. I would say, I think we're in a market of stocks rather than stock market. If I had a guess, the analogy I use, I use two analogies. One is I talk about the pharaoh. The pharaoh and familiar with the Bible had a dream. They dream we would have 7 lean years following the 7 fat years. His dream was interpreted by Joseph in the Bible. I'm not making 7 year forecast, but I think we've pulled demand forward with inappropriate fiscal monetary policies. We have to start addressing it. The other story I like to tell is, you know, I got my MBA from Columbia business school in January 31st of 1967 and a 6 month old kid who's a very smart 55 years old now, basically, I had a national defense education act student loan to repay, I had no money in the bank. So by definition, I was broke. I couldn't afford a vacation. I went to work the next day, February 1st, 67 for my 25 year career at Goldman Sachs. February 1st, 67. That was a thousand. In 1982, it was a thousand. So I'm not making a 15 year forecast to make a 7 year forecast. I think the market is fully valued and generally speaking, the things that push to market up or changing, you know, we had a very, very accommodative fed. They're changing. The pace of change is the issue. We have an oncoming, we have more concern about the economy. Given what's going on in Russia and inflation, I think is more concerned about the economy. And my heart goes out to the people in Ukraine. They're fighting heroic fight. But it's crazy what's going on..
"starbucks" Discussed on Relentless Dentist
"Can't sometimes that's time sometime. That's attention sometimes. That's training in a perfect world. It would be all of the above so that people know that there will never be an artificial lynn. I have a confident an employer and they're not trying to make me feel small. They're raising their confidence. And so that means. I can raise in my confidence. It's not a race to the bottom over just failing out checklists all day long and like i said trading very commodity sized patient care system. So that's what. I have free today when you go out and about and shop. Sometimes you'll be thrilled with your experience more often than you'll be disappointed by take notes and learn from big employers. That are doing well. Because they're facing the same challenges you are but they can be more research based and understand. How do we attract more and better talent when there seems to be none and then take a page out of their book and put it into your practice. You'll find that most of the big insights they you get the big wins that you get in dentistry. You take from other industries because by and large dentistry has become this race to the bottom. How can we do a faster. How can we do a quicker. And most people listen to the show want to do it at the highest level but yet want to preserve some level of well being for themselves as the person that does dentistry so we can do it at a certain pace. Because we're really good at above we push that pace too much. Something is going to break. It's either going to be you. It's going to be your team members because they can't keep up with the workload. You're gonna purge patience and i don't want that for anyone who's trying to provide excellent healthcare so steal from starbucks and other gray employers in your community and give yourself every competitive advantage in this market. Because if you're willing to seize them it will get easier over time because most aren't willing to do what you're willing to do. And that's the ultimate competitive advantages to create that unique value in your communities. That's all i have free today. Look forward to being back with you again next week. We will talk to you soon..
"starbucks" Discussed on Relentless Dentist
"Competition is no longer the dentist down the street. It's anyone who employees good people or desires to employ people because you might need to recruit somebody from the bank from the mexican restaurant from the starbucks down the street and in order to do that appropriately. You have to provide a employer brand that gives the these people who want good jobs. The upside this is the relentless. Dentist the show that launches dennis beyond their excuses in into their epic life each week. We interview thought provoking guests. That will give you the courage to develop the dental practice in life. You dream up. Now here's your host dr dave. Hey there welcome back realize this is your host and coach dr. Dave spent last evening in vail at the beautiful ford amphitheatre. The stand up comedian. Sebastian maniscalco performed a hilarious show. Took my son bennett. Who is an aspiring stand. Up comedian has done some improv training. One to to be a comedian sense bauge of three or four and so we pour into that that desire to be an entertainer. But it's funny to watch him watch ups because he watches like a student. He is there to understand the gestures and memorize the jokes and he's just a real student of the game. That is being a good dad. Sign outing before. School starts. But i got some dirty looks from some judgmental people because some of the content wasn't age appropriate clearly but nonetheless. We had a great time. But i tell you that story to tell you the story that preceded that before we went to amphitheater. We stopped at this little mexican restaurant in the parking structure in bail. That's well known for its quality of food. It's not much atmosphere as you'd expect in a parking garage. Think about food food truck without the truck and when we got there there was only one person line so we ordered sat down. Food started to take a bit. It looked to me like there was only one person in the kitchen and the person who is taking order was also serving and then things start to get backed up and there was probably twenty. People in line may be a total of ten tables by the time we left. And so here is this lost revenue. Because if i have to wait that long in line. I'm not waiting and you see tables. That aren't getting busted just kind of creates a little bit of a mess and it's clear to me that dentists competition is no longer the dentist down the street. It's anyone who employees good people or desires to employ people because you might need to recruit somebody from the bank from the mexican restaurant from the starbucks down the street and in order to do that appropriately. You have to provide a employer brand that gives the these people who want good jobs the upside so obviously that means competitive wages and benefits packages. But what else is there. What are the what else can you provide as an employer. As far as internal motivators external motivators autonomy allowing them training to develop their skill sets and mindsets to become a leader and own their zone. That's what i want to talk to you about today because in your community or nearby our employers that are able to throw billions of dollars at this problem. And you can steal like an artist so to speak pablo. Picasso's a famous code. I think actually talked about it. In tignes of dentistry is that we should go into our day to day almost as a student. Like bennett or as a consultant. When when you're having a customer experience either. It's m- expectations exceeded expectations. Bene- colossal disappointment and make mental notes of what made it that. What can you learn from that experience. How can you make your dental office as competitive as an employer's anyone in town. How can you win that award in your community for best employer. Best place to work and starbucks is one of those types of employers that can throw billions of dollars at the situations of this. Podcast is called stealing from starbucks so we have starbucks somebody who started with one store and now has thirty two thousand stores. I think and it's facing the same staffing and customer service trouble that you are but like i said has billions of dollars to throw at us. Take a page or two or three from their book to create a patient experience. That you you're proud of and that all starts by making sure that you understand that your top customers are the people on your payroll so first of all. Make the experience personal. This is what highly compassionate highly motivated hungry home on. Smart employees want is to be able to create their own personalized experience for the patients. That walk in your door. It doesn't matter if it's the receptionist that meets and greets them. it doesn't matter if it's the hygienic. That seats them after. It doesn't matter if there's a dental assistant that takes them into the chair because they need same day treatment your top performers are gonna want to create a exceeding expectations experience and that one of the key elements of that is making it personal. So you know if you go into a starbucks one of the first questions they ask you as may i know that your name because your name is very personal to you. So are you using the patient's name over and over again or you like the army clinics. That i used to work in where every name just had a four digit number attached to it and it was a really impersonal commoditised situation. So one goal for you and your team is to make sure that every patient on the schedule feels like the only patient on the schedule if you can task your team and train them and give them licensed to seize those opportunities. You'll find out your best performers find their next level and that environment because you've given them out that autonomy. The second piece that i see in starbucks is have a timeless mission. If you read my book dentist on a mission you know the importance of a mission statement. It can't just be words on paper something that's private to the dentist. It really has to be something that becomes the boss. And then you as the employer are the defender of that mission and you make sure that you know that you that's your guiding document the mission vision and values and that your job. Your number one job is to make sure that everyone on the team sees that as the guiding document they see that as the boss it breaks ties it it resolves the conflicts is sometimes. We'll need to generate healthy conflict. But you must have a timeless mission meaning one that you don't feel like every quarter you want to revise. Starbucks mission for four decades has been this to inspire and nurture the human spirit one person one cup and one neighborhood at a time so it needs to really inspire the head the intellect the heart the affective side the emotional side so that it inspires the hands that the task penis all of the duties that need to be done during the day amongst your team members. If you don't have that then it becomes very monetize work. Your patients start to feel that. And they're like. I don't know i'm paying so much i'll just go to the place where they gets me in the fastest or finds their next convenience. Because you haven't outrun the commodity met mindset. And you've just given them the bare minimum for what they're charging and now you're at the mercy of outside forces like dso's or insurance reimbursement and that's not the optimized healthcare system that i want to provide karen and i'm sure it's not the optimized healthcare setting that you want to be. The employer of next is be consistent. If you go to. I've been to starbucks in berlin. I've bend to starbucks down the street in avon. It's a very consistent experience in this because they have a well defined brand starbucks brand as this kind of affordable luxury where obviously you're paying five dollars to fifty cent cup of coffee so there's a big markup there but there's lots of amenities and they just won't cut kirk certain corners at starbucks. I remember reading the story about how the starbucks bean counters realized that they could save millions of dollars if they went from two ply toilet paper to one ply toilet paper in the bathrooms and the executives. Like howard schultz. The ceo is like no way. Because now we're starting to cut corners and that nothing about that one ply toilet paper looks like affordable luxury so make sure everything is congruent and consistent in your practice with the identity that you went out in the marketplace last piece. That's we're talking about here is that they realize kind of what i mentioned before that customer centric city comes from employees interested. You can't treat your team like dogs and expect them to take great care of your patients. That was a big shift for me. Because i grew up in an environment with the sang of the customer's always right now. The customer is not always right. Sometimes there are p. I a. And you have to dismiss them from the practice however good team members are really really hard to replace so. Make sure that you're pouring in to your team members and you understand that if you treat them as a level ten they'll treat your patients as a level ten so that idea of customer. Centrists that he comes from employees interesting was a big shift in my practice ownership journey. So make sure that your target is to be the best place in town to work for and find ways to give your team and what other give your team while other employers..
"starbucks" Discussed on MarketFoolery
"It just proves the inherent greatness of the business. So this is one. I've said this before chris. Like if you don't own shares of this and you understand that it's richly valued. That's totally fine if you're interested in it by like one chair if you can do that if you're here in the united states if you're overseas like just and you don't get the benefit of free trades just make a small amount just a small trade in the stock and then you know build over time because this is one that is not going to get cheaper anytime soon but its greatness is going to compound well to go back to to starbucks and again i'm not knocking. The wall street analysts. Who who come out with these notes. And that's their job and they're smart. I'm not. I'm not questioning. They're intelligent. I do however like to remind myself. Every now and then they're timeframe is different than the time frame. We talk about here at the motley fool because yeah starbucks. The picturing china is not perfect. And there's always going to be challenges in running and growing a business that big but johnson's experience. He's got a smart team around him. He knows what he's doing. So it's like okay. Yeah if you're timeframe is the next three months. Yeah i get why you're neutral on starbucks. If you're thinking about it for five and ten years then what are we even. And that's kind of how i look at shop like i don't shares it's on my watch lists and part of me was like i should probably just by a couple of shares just to stick it away and not think about it for the next decade because i bet a decade from now which is my time frame. It's going to be higher right. And i i look at it. Same thing right like the starbucks argument is do. We believe people are still drinking coffee and drinking in greater volume over the next ten years. Yeah i think so. And with with shop affi- same thing. Do we think a greater portion of business will be done globally and online. Do we think that's a reasonable assumption. I think the answer to that is yeah. I mean the portion of business can be done online or done in a hybrid fashion where you order online and pick up or order online and get it delivered. Yeah that's going to happen and it's not going to be centered around one vendor called amazon. It's going to be a lot of businesses. I mean if you were to put shop affi- amazon together and you thought of shop. If is one ecosystem and amazon is the other. How much of the world's business are you talking about. It's a lot but it's also still less than fifty percent. That is extraordinary. So i think there's a lot of room for growth here. Chris no doubt no doubt in my mind. But yeah there. There's also no doubt it's a it's a very richly priced stocks so one or two shares. Tuck it away. I think it's a good strategy. Tim byers always great talking to you. Thanks for being here. Thanks chris. there's always people on the program may have interest in the stocks. They talk about on. The motley fool may have formal recommendations for or against saddam by herself stocks based solely on. What you hear. That's going to do it for this edition of market foolery shows mixed my austin morgan. I'm chris hill. Thanks for listening. See you tomorrow..
"starbucks" Discussed on MarketFoolery
"An hour. We're gonna talk shop a affi- alphabet starbucks real quick. We're we're gonna hit this in greater detail motley. Fool money this week but give me your quick headline on the latest results from apple and the latest from microsoft incredible. I feel like we have gone. Full shrug emoji on both of these stocks. Meaning that the numbers are incredible but the stocks really aren't moving so just for perspective. Thirty six percent revenue growth year over year for apple. They have essentially one hundred and thirty billion dollars on their balance sheet. That's in long-term savings non current assets. That doesn't even include the seventy billion that they can draw on at any time. So apple's just killing it all the way up and down but apparently the stock is down because there is a chip shortage and we will not have enough and one max for microsoft another amazing quarter all the way up and down the business again. The cloud computing business as you're up fifty percent year over year fifty one percent forty five percent if you go in constant currency nobody gives microsoft nearly enough credit for how much their cloud computing businesses killing it. Both of these stocks are not moving very much at all apple. in fact. I think chris down a little bit as we're recording. And so it's it's just a little bit staggering. What we've come to expect of. These businesses is extraordinary. Because the numbers. They're putting up under any other. Circumstances would be mind-blowing well. Let's move onto starbucks then. Shares are down more than three percent this morning. Despite the fact that the third quarter for starbucks head so many good things you can point to. Yes the profit and revenue higher-than-expected. And i know the year-over-year same store sales numbers are extraordinary. Because a year ago pretty much. The united states was shut down. But you go back two years. Same store sales up ten percent compared to two years ago. That's pretty great. It's amazing. I mean i would say you're i'm risking hyperbole here chris but that is bananas. I mean the eighty-three percent comps up in in the us seventy-three percent up worldwide at so. Yes we were dealing with empty stores last year but if you just factor in that two year number and that means not i mean forget about recovery. We're not even talking about recovery. We are now talking about growth sustained growth from where starbucks was an. Apparently chris we are. We're the out of touch one's here because we like our hot coffee and it's the ice coffee that's driving all this. So but yeah you know. I mean shocker. People like coffee that that is not very much of a surprise but give the operations leads at starbucks. A lot of credit here. Chris not only. Are they building store strategically. And i think the thing. That's easy to undersell. is that during. The pandemic starbucks was making investments at a difficult time to make investments. They were making investments..
"starbucks" Discussed on Mojo In The Morning
"It's a mojo in the morning show so earlier this morning trying to order some stuff at starbucks on the starbucks and i'm not kidding you i say this to you so There was no black ice coffee. There was no ice tea. No green tea. There is no carmel. No almond milk. No coconut milk. I ended up going with. I got something. I don't even know what it is. It is a coffee. But i put some ice in just a coffee. So i'll do that. Katie what did you end up getting did did what. What'd you what you get katie and gonna lean all the way over here for this so lots of the l. In order for me is it. Good okay all right. But i'm noticing that this is happening a lot of different places where they're run out of things somebody texas earlier this morning. When i mentioned that i was trying to order i couldn't find anything instead. They work at a kfc and they ran out of chicken. Kentucky fried chicken. Well i mean we talked about taco bell. Taco bell's run out of chicken. Bu hats ause and tenant tortillas this week. so i'm google in what's going on here in there saying that truck drivers are the reason they can't find truck drivers to deliver and they said that one of the biggest things in spike. You're gonna cry when you hear this. And i know you've already had so much emotional stuff going on this morning with your computer and stuff. They're saying that your liquor stores or party stores are going to be running out of your favorite liquor..
"starbucks" Discussed on The Last American Vagabond
"Ceo's atta challenge seattle as the called But it's a it's pretty interesting. An even before. Kevin johnson pitched this i they he. The ceo we're led to believe was working around the clock leading a small scrappy team from starbucks to create models to support washington state health officials to determine how to get arms into the vaccines into the arms of more people. There actually arguing that they did that of their own volition. Yeah and brought it to them. Yes i waited. That's well that's what they're that's what they're saying. So i mean maybe they were planning that because they saw this as an opportunity to do something else or get more data to make their right. That is supposed to be at the front of ai in retail as we'll see later Be even better among other things but also it. It's you know they're on board for this murder. The stakeholder capitalism emerging the public private sectors the other This is just normalizing that getting used starbucks running Major government In stuff like that. I mean that's another thing going on here. I think for sure. It reminds me of like these dystopia type movies. Like even something like Oh and blanking on the name of now the one that the one where that guy wakes up in the future reverend's dumb on blanking on it anyway. Idiosyncrasy at the end of the point. Where you have these. You know totally like a regard our government with like a starbucks stamp on the side of the you know like something like delivering vaccines with starbucks stamp on the side of it just seems like that's exactly where this is going. And that's it's almost like the babylon calling it right. Twenty years ago you know. That's that was the cart vision of where we're going and that's happening. I just it's it's incredible. It is pretty crazy so farther down. We get more into this time. Line of how this idea for the public private partnership came up. So not that. Long after johnson the starbucks ceo announced. I guess within the company he was going to offer support to washington's governor their senior vice president for us operations and her team were already researching How vaccination sites Sorry vaccinations sites in washington or currently operating in they also research which states in the us in which countries in the world are most effective at Vaccinations sending out to understand. What makes them successful. Yeah just decide for but this is what starbucks does on i had ever heard of them any other humanitarian issue. Like this at issue. Yeah right somebody reached out to them and got this going at some level and that's the burner ordering. That's that's what happens when he would do this. Expense period right and if we're to believe this narrative than this originally came from starbucks and then after a johnson got the idea the ball rolling in house at starbucks than this senior vice president for. Us operations for starbucks was on calls with microsoft. The washington state health department and challenge seattle in alliance of ceo's working together to address local issues but not to c. e. o.'s the bill and melinda gates foundation right and some other fun organizations When he had a quick point. Here i think is relevant to this just to make that more clear you have to understand that companies like starbucks obviously has shareholders. They don't just make casual decisions about how they spend their capital..
"starbucks" Discussed on The Last American Vagabond
"Welcome to the last american vagabond. I have whitney web joining today to go over some of her recent research. Some stuff that you most of you probably at tooting probably haven't heard about yet some of her new research that she's been going over and regard to starbucks and some interesting ties in tie ins with the kobe. Nineteen vaccine agenda which. I found very interesting. And we're also gonna talk a little bit game. Stop some w world economic forum discussions. We're going to get into a lot of stuff to talk today so. I hope that you are prepared for whitney web level research. Thank you for joining us today. I always a pleasure. Hey great to be back as always say everyone's always eager to hear what you're you're working on and you know the new edge of this research is i mean it's it's so incredible to not just look back. I mean not even just what we've done. You know censor workman last and bag of on and even well before some the you have a track record has previously pointing out exactly what ends up happening. And what's interesting is. It's not that difficult to see right. I mean we talk about this. A lot is it's you can clearly see the direction it's going if you're willing to be open to new information this coming. Which is why we're here today to discuss what you're seeing and why this is interesting and whites alarming to you. But let's start off with first of all the game. Stop discussion which i definitely feel when you can tell me what you think that these things are. There's a bigger agenda around all of this right now and whether or not it is actually something that was planned made to happen or even just allowed to happen. It is definitely being used. Which is something. We always point out you know..