PRC: EMPTY ORDER BOOKS FOR SIX MORE MONTHS. #SCALAREPORT: CHRIS RIEGEL CEO, SCALA.COM @STRATACACHE.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 13 June 2025
⏱️ 9 minutes
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| 0:00.0 | This is CBS, I on the World. I'm John Batchel, the Scholar Report. Go immediately to Chris |
| 0:09.8 | Regal, the CEO of Scholar.com, a global technology firm with business on all the major continents, |
| 0:15.7 | watching especially the major, major franchises in the United States and globally as to how they're |
| 0:24.0 | responding to the news about tariffs possible, inflation possible, trade war possible. |
| 0:30.7 | And the most prominent franchise of all that I could name everywhere is Starbucks. |
| 0:37.2 | And there's a story in the Financial Times that points to the fact that maybe Starbucks is having |
| 0:42.4 | difficulties that are quite different from the assumption that they're making that tariffs make it |
| 0:49.2 | impossible for us to plan. |
| 0:51.0 | The story goes like this. |
| 0:52.6 | Will Starbucks big bet on its baristas pay off? |
| 0:56.1 | Wall Street nervous, says the subhead, about biggest human capital investment in the coffee |
| 1:01.2 | company's history. What they're talking about is that they're increasing the average staff |
| 1:06.4 | at a store from 18 to 23, which may or may not be consistent with profits, but it's seen as a way of |
| 1:16.2 | ensuring continuity. Now, continuity means many things. There's a new CEO. It's significant that he is |
| 1:24.3 | initiating this plan right now. Brian Nichol is his name. And speaking to 14,000 |
| 1:31.4 | store managers gathered in the arena in Las Vegas with lots of dancing, I understand, and there |
| 1:37.8 | were celebrations and pledges. It's sort of a booster corporation thing. Underneath all this |
| 1:43.9 | is the question, what's wrong with Starbucks? What's happened? Chris, a very good evening to you. Thank you for joining. We mentioned recently, as I recall, that Starbucks was having trouble adjusting to the new reality that woke is no longer the trend, that woke is yesterday's news, |
| 2:04.5 | and that the Trump administration and the Supreme Court and a number of decisions made in |
| 2:10.9 | the interim have indicated that the citizens of America have rights, and that means we're not to be trifled with |
| 2:18.6 | by lawlessness in the streets. |
| 2:21.0 | I speak generally. |
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