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Axios Re:Cap

Howard Schultz Running as an Independent?

Axios Re:Cap

Axios

Daily News, News

4.5705 Ratings

🗓️ 28 January 2019

⏱️ 10 minutes

🧾️ Download transcript

Summary

Dan talks about the possibility of former Starbucks Chairman and CEO Howard Schultz running for President as a centrist Independent with Axios' Executive Editor Mike Allen. In the "Final Two" Dan discusses what President Trump could do to help Venezuela and a high risk engineering gamble that Facebook is making.

Transcript

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0:00.0

Welcome to Axis ProRata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics.

0:07.2

Sponsored by TSX Broadway.

0:08.9

I'm Dan Premack.

0:09.7

On today's show, what President Trump could do to really help Venezuela and Facebook makes a high-risk engineering gamble.

0:16.9

But first, a pumpkin-spiced presidency.

0:19.5

I am seriously thinking of running for president.

0:23.3

I will run as a centrist independent.

0:26.8

That's the voice of Howard Schultz, former chairman and CEO of Starbucks from last night's

0:30.8

episode of 60 Minutes.

0:31.9

So Schultz's kind of sort of announcement is obviously getting tons of attention, certainly

0:37.0

from Democrats who

0:38.2

fear that an independent candidacy will split the anti-Trump vote, thus enabling Trump's

0:42.9

reelection, and also this morning from Trump himself, who taunted the former coffee kingpin

0:47.8

on Twitter by saying he, quote, doesn't have the guts to run.

0:51.4

So a few thoughts.

0:52.5

First, I am in the minority here in believing there is still a

0:55.7

pretty good chance Schultz won't actually run and that this current media blitz will end up

0:59.8

being more about book sales than votes. Not only because it's hard to imagine a successful

1:03.7

independent campaign, but also because of the expense. Schultz has an estimated net worth of

1:08.6

around $3 billion, of which he'd have to spend around a third on this election.

1:13.2

It's doable, but daunting.

1:15.5

Yeah, he could theoretically raise money, but it's not the easiest ask for someone.

...

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