Big Week For The Consumer… And Pulling Money Out Of China 8/13/24
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 13 August 2024
⏱️ 44 minutes
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| 0:00.0 | Live in the Nesac market site in the heart of New York City's Times Square, this is fast money. |
| 0:06.0 | Here's what's on tap tonight. |
| 0:07.0 | A Grande Joel for Starbucks, the stock jumping more than 24% is a coffee giant boot, CEO locks from Nar Simmon and replaces him with |
| 0:14.9 | rock star leader of Chipotle Brian Nickel. What will it take for the new guy |
| 0:18.9 | to fix the problems at Starbucks? A deep dive straight ahead. Plus, inside the mind of Main Street, |
| 0:24.2 | how investors are feeling about the market |
| 0:25.9 | after the recent bout of volatility, |
| 0:27.6 | we'll break down the results coming up. |
| 0:29.6 | And later, the traders take on who |
| 0:32.2 | could be the next activist target on Wall Street. What's behind? the I'm Melissa Lee coming to you live in Studio B at the Nasak on the desk tonight Tim Seymour |
| 0:44.1 | Cie Grasse of Dan Nathan and Guy Adami. We start off with that CEO switch up at |
| 0:48.6 | Starbuff shares spiking nearly 25 percent their biggest increase since going public in 1992. |
| 0:55.0 | That after news, Chipotle Chief Brian Nickel will take the reins at the struggling coffee chain. |
| 1:00.0 | Starbucks has been a favorite target of activist investors since now ousted |
| 1:03.4 | CEO Locksman, took over last year. |
| 1:06.2 | Elliot and Star Board have both taken stakes in the company and |
| 1:08.7 | earlier this year former CEO Howard Schultz penned a scathing open letter calling on the company to quote |
| 1:14.0 | fix the stores. Will this change in leadership help do that? |
| 1:18.0 | Let's bring in Kate Roger some of the reaction to today's news. A lot of analysts |
| 1:21.9 | upgrades on the stock today, Kate. |
| 1:23.2 | Certainly busy day, Melissa. Well, Starbucks Chair Melody Hopson said it to you all this |
| 1:27.7 | morning on Squawkbox that Nickle is, quote, the right leader for this moment and |
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