Starbucks CEO Talks Turnaround Plan, Palo Alto-CyberArk $25B deal, Hassett on GDP, Tariffs and the Fed 7/30/25
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 30 July 2025
⏱️ 48 minutes
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| 0:00.0 | Market Moving Insight and Analysis. Join Jim Kramer, David Faber, and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street. |
| 0:08.7 | Good morning. Welcome to Squawk on the Street. I'm David Faber. He is Jim Kramer. At Post 9 here, we are both, of course, the New York Stock Exchange. Carl is a morning off. |
| 0:17.2 | Take a look at stock futures. They are up ahead of the Fed's decision later in the more this afternoon actually, early afternoon. GDP, by the way, returns to 3% growth |
| 0:25.8 | in the second quarter after it contracted in the first quarter of the year. We got a lot of big |
| 0:30.1 | guests on tap for you this morning with the CEOs of Palo Alto and CyberArk joining us talking |
| 0:34.3 | about their just announced $25 billion cash in stock deal in which Palo Alto was buying CyberArc. |
| 0:41.5 | And up first we're going to have the CEO of Starbucks. |
| 0:46.1 | And Jim, let's just get right to it. |
| 0:48.7 | Yeah, right to it because the stock was down bad when it was reported. |
| 0:52.3 | And then the man worked his magic on the conference called Brian Nichol. |
| 0:55.0 | Brian, it is so great to have you on the show. |
| 0:58.0 | And I want to start, I'm a student of yours. |
| 1:01.0 | And the one thing I know is you never say something's ahead of expectations unless it is. |
| 1:06.0 | So I'm going to ask you how that happened. |
| 1:09.0 | Yeah, hey guys, good morning. |
| 1:11.6 | Yeah, look, we had a really great couple months as we worked hard on the foundational elements |
| 1:18.2 | of the business, specifically the operating side of it. |
| 1:21.2 | And you heard us talk about how we're really excited to be rolling out the Green Apron Service |
| 1:24.9 | model. |
| 1:25.9 | And, you know, we really picked up momentum in our pilot across our 1,500 stores right around the time we had our leadership experience where we brought in all 14,000 store managers. |
| 1:36.3 | And I think as we better explained what the program was going to look like, I got to tell you, our partners really left there energized, believing in the mission |
| 1:45.3 | and values of Starbucks again, and then also really excited about getting back to being |
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