CNBC's "Fast Money"
Digesting the Drop in Rates, and the Latest Headache for Starbucks 5/6/24
May 6, 2024
Former Starbucks CEO Howard Schultz discusses company leadership post-his tenure, impacting store traffic and sales. Also, analysis on interest rate drops and market implications, along with insights on economic uncertainties, investment suggestions, and financial management strategies.
41:02
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Quick takeaways
- 10-year yields dropping raises market concerns, requiring analysis of reasons behind the decline.
- Social media backlash affects Starbucks sales, indicating the importance of managing external perceptions.
Deep dives
A Closer Look at Starbucks Operations
Howard Schultz emphasizes the need for a focus on store operations at Starbucks, highlighting issues with the US business. He suggests that senior leaders should spend more time at stores and address operational flaws, such as mobile ordering problems.
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