meta_pixel
Tapesearch Logo
Log in
Squawk Pod

Starbucks CEO Howard Schultz & Our Inflation Nation 6/10/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2543 Ratings

🗓️ 10 June 2022

⏱️ 45 minutes

🧾️ Download transcript

Summary

In his first aired interview since taking the helm (again) at Starbucks, interim CEO and founder Howard Schultz speaks candidly to Andrew Ross Sorkin at The New York Times DealBook D.C. Policy Forum in Washington. In an extended conversation, the two cover inflation, America’s gun policy, the mental health crisis, the labor movement, and leadership in capitalism. Plus, May’s consumer price index, or CPI, was up 8.6% from last May, the highest year-on-year increase since December of 1981. Former U.S. Senator Heidi Heitkamp (D-ND) and investor Kevin O’Leary discuss the sky-high fuel prices across the country and steps the government can take to lessen the squeeze on consumer wallets. In this episode: Howard Schultz, @HowardSchultz Heidi Heitkamp, @HeidiHeitkamp Kevin O’Leary, @kevinolearytv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

Click on a timestamp to play from that location

0:00.0

Bring in show music please.

0:04.0

Hi there, I'm C. NBC producer Cameron Costa.

0:07.0

Today on a super-sized squawk pod,

0:10.0

a truly wide-ranging interview with Starbucks founder and interim CEO, Howard Schultz, workers in the unions and in the office.

0:20.0

I have been unsuccessful despite everything I've tried to do to get our people back to work.

0:26.0

You want them back.

0:27.0

I want them back.

0:28.0

I plead him with him.

0:29.0

I said I get on my knees.

0:30.0

I'll do push-ups, whatever you want.

0:31.0

Come back.

0:32.0

And how inflation is hitting consumers

0:34.3

in their gas tanks and in their coffee cups.

0:37.4

When I look at gas prices at six and getting to $7 a gallon,

0:42.3

we are on a collision course with time in terms of how long the American

0:46.5

consumer, American family can continue to spend at the level they are.

0:50.5

Plus what Schultz thinks of his third time in the CEO role and what happens when a well

0:56.7

intentioned leader gets down to business.

0:59.8

Talking the talk and walking walk and sooner or later walking walk you run into reality and reality's a bitch

1:06.3

That big interview and the inflation data rocking the markets food prices are up prices are up, and it's all affecting our future.

1:16.0

Former Senator Heidi Heikamp.

1:18.0

We're not going to have a sustainable climate policy until we have a sustainable and affordable energy policy.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.