Hey, it's Kramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting.

Let's get to Starbucks. You spoke to Brian Nicol this morning on Squawk. This was down pre-market, but it has reversed.

I think there was a lot of signs of progress here. The biggest one being comps finally turned positive,

up 1%. We're looking for down. With October, moving? Yes, September, U.S. Coms were strong.

He said that continued in October, positive, I should say, me. Guidance is going to come at the

Investor Day, but some things I want to highlight from the interview

on Squawk on the street. He called this quarter a critical moment in the turnaround, and they are

ahead of schedule. Which is different. Remember? He was not there before. Highest number of customer

compliments in five years. Complaints are down 10% saying all age demographics are noting progress,

which is much, it's very different from what we heard from Chipotle, which is just crushing the restaurant category today.

Chipotle, they try to blame the consumer, and yet the consumer is willing to pay six bucks

for triple bet the cappuccino is getting wet.

I will tell you that when I speak to Brian Nicol, who was not urging me, this is really

important, not urging me to be that bullish, not in the last four months, changed that,

and said, Jim, I'm giving you the ability to say what you've been waiting to say,

point out this is how long it took for him to change Chipoli.

He is doing things that are really extraordinary in the day

parts. He's taken care of the morning. He's got scale. He's got scale in a drive-through. He's got

scale in delivery. He's going to take on the afternoon. This is a terrific story for our viewers.

And they closed all of the stores that didn't fit their coffee house model, or they were losing money. Right. So you're going to begin to see much better compensation as they get rid of the stores that didn't fit their coffee house model or they were losing money.

Right. So you're going to begin to see much better compensation as they get rid of the bad comp. So with the stock, I know when it was down last night we said we wanted to buy it, still want to buy it here up above. Yeah, now look, I mean, this stock may be up. There's my interview and people are going to want to say, listen, that's just a spark on the street interview.

You don't want to buy it.

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