Squawk on the Street

Cramer's Morning Take: Starbucks 8/13/24

Aug 13, 2024

Jeff Marks, a key member of the CNBC Investing Club, joins Jim to analyze the recent shake-up at Starbucks. They dive into the implications of Brian Niccol’s appointment as CEO and how activist investors are reshaping corporate governance. The duo also sheds light on current market dynamics, addressing important economic indicators like the PPI and upcoming CPI figures. Their candid discussion offers valuable insights for anyone keeping an eye on the financial landscape.

04:22

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Jeff Marks

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Quick takeaways

Starbucks' CEO transition to Brian Nichol emphasizes the board's focus on strong leadership to tackle recent performance issues.

Current financial optimism is driven by favorable economic indicators, with falling yields enhancing prospects for housing-related stocks.

Deep dives

Market Outlook and Inflation Insights

Current financial market conditions are optimistic, especially with recent economic indicators such as the Producer Price Index (PPI) suggesting sustainable inflation levels. The Federal Reserve's approach hinges on maintaining inflation in check to consider lowering interest rates, which is crucial for the job market. Yields have fallen, with the 10-year yield now below 3.9%, positively influencing housing-related stocks. The anticipation around the Consumer Price Index (CPI) report further underscores the importance of these economic metrics for future investment strategies.

Market Insights and Leadership Changes at Starbucks

6min

Jim and Jeff discuss Starbucks CEO shake-up. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake

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