Starbucks Switch with Mellody Hobson; Fanatics Fest 08/13/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 13 August 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Starbucks' lead independent director Mellody Hobson on the coffee giant’s stunning decision to replace CEO Laxman Narashimhan with Chipotle’s leader Brian Niccol. In this newsmaking interview, Hobson describes the tough decisions taken by the company’s board and the opportunities ahead. Fanatics CEO Michael Rubin on the upcoming Fanatics Fest live event for sports fans. Plus, Former President Trump returns to social media platform, X, in a live “Spaces” with Elon Musk … the potential deficit bubble from eliminating taxes on tips … and the expectations for Vice President Harris’ economic plan. Mellody Hobson - 22:19 Michael Rubin - 33:56 Robert Frank, @robtfrank Melissa Lee, @melissaleecnbc Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:04.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	We got some breaking news to bring you and this is big.
0:12.0	Starbucks bet on a new CEO.
0:14.8	Chipotle's Brian Nickel getting the nod
0:17.0	to write the company's falling sales and share price.
0:20.4	The board's lead director, Melody Hobson.
0:22.8	I made an overture through someone to Brian,
0:26.2	and we took the call.
0:27.8	An interview you'll get only right here.
0:30.4	And we thought he would be the right leader for this moment.
0:33.0	And fanatics, the sports apparel and memorabilia company branching into live events,
0:39.0	CEO Michael Rubin on Fanatics Fest.
0:42.0	When the dream kind of popped in my brain,
0:44.6	it was about how do we do comic kind of sports.
0:47.9	Plus, former President Trump and Elon Musk
0:50.2	go live on Ex's spaces, taxing or not, tips, and the expectations for Vice President Harris's economic plan,
0:58.0	It'll be great to finally have one.
1:00.0	Coming soon.
1:01.0	Because there is no plan, there's also no plan to critique.
1:05.0	It's Tuesday, August 13, 2024.
1:09.0	Squawk Pod begins right now.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.