Starbucks shocking the business world today by ousting their CEO in favor of Chipotle’s chief executive Brian Niccol. We have Wall Street’s reaction, the bottom line for investors, and leadership lessons to take away. Plus, this morning’s wholesale inflation report came in lighter-than-expected, but is it enough to derail a rate hike from the Fed next month? And we’ll look at the price action in commodities as tensions in the Middle East ramp up.

Stocks are struggling to end the week higher, as the Fed’s path toward rate cuts is getting a little murkier. We’ll look at how to position within the Magnificent 7 stocks and beyond. Plus, China’s inflation data suggesting more government stimulus may be needed there. Our guest is highlighting one catalyst that could jumpstart Chinese equities. And SweetGreen is surging after a big earnings beat and guidance hike. The CEO joins us in a “First on CNBC” interview with what’s driving growth in a tougher macro environment.