Intro

Carl Quintanilla, Jim Cramer and David Faber led off the show with big news from Starbucks: Laxman Narasimhan is out as CEO and will be replaced by Chipotle chief executive Brian Niccol in September.

The anchors explored what to expect from Niccol as he looks to turn the coffee chain around. The discussion included a flashback to the interview in May when Cramer held Narasimhan's feet to the fire. 

Also in focus: Inflation data show a tamer-than-expected Producer Price Index for July, Home Depot cuts sales guidance, Blackstone President & COO Jon Gray joined the program to discuss everything from the economy to the 2024 election.

Squawk on the Street Disclaimer

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.