meta_pixel
Tapesearch Logo
Log in
Squawk on the Street

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

News, Business, Investing

4.1567 Ratings

🗓️ 30 July 2025

⏱️ 48 minutes

🧾️ Download transcript

Summary

David Faber and Jim Cramer kicked off a big show with Starbucks CEO Brian Niccol in a "First on CNBC" interview on the company's quarterly results and turnaround plan. Palo Alto Networks CEO Nikesh Arora and CyberArk Software Founder and Executive Chairman Udi Mokady appeared on the program to discuss their companies' $25 billion merger deal. National Economic Council Director Kevin Hassett joined the show with White House reaction to stronger-than-expected Q2 GDP, as well as views on tariffs and the Fed on rate decision day for the central bank. Also in focus: Earnings parade winners and losers, more woes for Wegovy maker Novo Nordisk. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

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

...

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.