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Squawk Pod

The Starbucks Shake Up & Leon Cooperman. 3/16/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 16 March 2022

⏱️ 38 minutes

🧾️ Download transcript

Summary

Starbucks is shaking up its leadership. In an exclusive interview, Starbucks board chair Mellody Hobson discusses Kevin Johnson’s surprise departure from his role as CEO, and she explains the board’s decision to call on founder Howard Schultz to step in. Billionaire investing legend Leon Cooperman weighs his 55 years on Wall Street when managing his portfolio in today’s market. Plus, Ukraine’s President Volodimir Zelensky appeals directly to the US government, and it might be time to put Daylight Savings Time to bed, once and for all. In this episode: Mellody Hobson, @MellodyHobson Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Klaire Odumody, @klairemarie

Transcript

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0:00.0

Bring in show music please.

0:04.0

This is Squag Pod. I'm C. NBC producer Claire Odomode.

0:08.0

Today on our podcast.

0:10.0

Legendary and Self-Made Billionaire Lee Cooperman on 55 years on Wall Street.

0:16.4

I went to work the next day, February 1st, 67, that was a thousand, and

0:20.4

nineteen eighty two was a thousand.

0:21.8

So I'm not making a 15 year forecast.

0:23.6

I think the market is fully valued

0:25.8

and generally speaking, the things that push the market up are changing.

0:30.5

Surprise at Starbucks, CEO Kevin Johnson is out and the company's founder back in but just for now and just for a dollar

0:39.6

Howard Schultz bringing the brewgrew back to its beans with Ballchair Melody Hobson.

0:45.6

That's how Starbooks was born.

0:47.4

That was the whole idea of leading through the lens of humanity.

0:50.3

It's the connection to our people and our partners that he put so front and center.

0:54.0

Those stories plus Ukraine's President's message to the West.

0:59.0

And on a literal light note, more daylight savings forever.

1:04.0

I keep getting fooled, not realizing how late it is.

1:06.5

Like, oh my gosh, I don't feel.

1:08.0

So you can go to bed at 8 o'clock after a late dinner.

1:10.0

Take it from me.

1:11.0

You get fat.

1:12.0

It's Wednesday, March 16, 2022.

...

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