Starbucks names finance executive Mellody Hobson as board chair
The position makes her the first Black woman in the role
Starbucks to lead its board as chair.
Hobson, 51, will replace
Myron Ullman III, who retired in March after serving on Starbucks’ board from 2003 and 2018 as chairman.
Bloombergnotes that the position makes Hobson the first Black woman in the role, and one of the highest-profile directors of color in corporate America.
As an intern, she joined Ariel Investments, which manages nearly 13 billion in assets. Hobson was ultimately elevated to senior vice president and director of marketing. She’s currently working as a director for JPMorgan Chase, and previously served as a board member for Estee Lauder and DreamWorks Animation.
melissa: meredith whitney is one of wall street s most famous oracles. she written a new book, fail the of the states. she predicted the subprime crisis. i recently spoke to her to get her forecast for some of the biggest issues facing our money. we started off with housing because it seems to be exploding again. i meanto a lost areas we re seeg housing prices really climb back and my question for you, since you saw the first one coming and everything that came with it, do you think that we are on the precipice of another housing bubble, yeso? or no? no. you have homeownership rate right around 65%. it probably has to go to 64% to normalize. it got close to 70% in 2006. that was the peak. that was really driving home prices. i think what is going on right now, you re bouncing off the bottom and having double-digit bounces off the bottom. phoenix, arizona, for example, market sup 20% but still off 45% from the peak. you re dealing with very big bounces off very low bottoms.
melissa: so we start tonight with what the worldealth organization is calling the greatest global health concern. it is a new sars-like virus. the middle east respiratory system corona virus or mers already hit eight countries across europe an the middle east. so far there have been 49 confmed cases and 27 of those, more than have, they were fatal. you remember the panic and subsequent economic impact of the 2003 sars tb. are we looking at anothe global outbreak withevere economiconsequences? here for more are dr. ernest -ppatti, senior attending physician of emergency medine at st. barn bass hospital in the bronx. and my favorite economist, peter morici. thanks toboth of you for joining us. dr. patti, let me start with you. how is this different from the other sars virus? there are actually a lot of similarities, melissa. the problem when you have viruses like this, viruses are simple and they easily dapd to changing environments and it is quite scary because we don t kow
melissa: so we start tonight with what the world health organization is calling the greatest global health concern. it is a new sars-like virus. the middle east respiratory system corona virus or mers already hit eight countries across europe and the middle east. so far there have been 49 confirmed cases and 27 of those, more than have, they were fatal. you remember the panic and subsequent economic impact of the 2003 sars outbreak. are we looking at another global outbreak with severe economic consequences? here for more are dr. ernest -ppatti, senior attending physician of emergency medicine at st. barn bass hospital in the bronx. and my favorite economist, peter morici. thanks to both of you for joining us. dr. patti, let me start with you. how is this different from the other sars virus? there are actually a lot of similarities, melissa. the problem when you have viruses like this, viruses are simple and they easily dapd to changing environments and it is quite scary be
march. defense aircraft orders posted the biggest gains up 53.3%. david: according to sources yahoo! made an offer for the video website, hulu. this follows reports that hulu received offers from directv, time warner cable and private equity firms kkr and silverlake. -pliz: according to people familiar with the matter, bausch & lomb is nearing a deal to sell itself to valiant pharmaceuticals for $9. bausch & lomb home which is owned by private equity. david: did you see this story? thank god nobody was killed. interstate 5 bridge collapsed yesterday sending people and vehicles into the water. we feared the worse. the officials say the it may have been caused by a trailer that crashed into the structure. so far no injuries. liz: two publicly-traded entities, news corp is splitting the entertainment businesses from its publishing decision. news division. news corp is the parent company of fox business. david: that means we re entertainment, liz. charles schumer said regulator