Why we like Starbucks’ latest turnaround move — plus, two more wins for Eli Lilly

Cnbc · 🇺🇸 public United States · Sep 24, 2026 · 867 words · By Alexa LoMonaco

Market Volatility Pharmaceutical Innovation Corporate Strategy

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What to know about Market Volatility

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Claims checked 18

Techniques found 1

Topics 3

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center83%

Right17%

6 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Why it matters

Stocks were mixed Thursday as Treasury yields surged and investors raised their expectations for another Federal Reserve rate hike.

Common ground

However, encouraging headlines around a potential deal between the U.S.

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this Market Volatility story?
What evidence would most clearly confirm or weaken the claim that The Food and Drug Administration approved Eli Lilly's once-weekly insulin Onswik for adults with type 2 diabetes?
How does this story connect Market Volatility with Pharmaceutical Innovation over the next few days?

open_in_new Read the original article: https://www.cnbc.com/investingclub/2026/09/24/why-we-like-starbucks-latest-turna…

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 80% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 18 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 8

check_circle Corroborated 5

help Insufficient Evidence 2

info Single Source 1

cancel Disputed 1

verified Verified By Reference 1

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Claim 1: “The Food and Drug Administration approved Eli Lilly's once-weekly insulin Onswik for adults with type 2 diabetes”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 2: “lowered its fiscal 2026 net new store opening forecast to 440 from 600 to 650”

CORROBORATED

Three independent sources explicitly confirm that Starbucks lowered its fiscal 2026 net new store opening forecast to 440 from a previous range of 600 to 650.

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web search NEUTRAL — Starbucks expects about $300 million in restructuring charges from the closures and lowered its fiscal 2026 net new store opening forecast to 440 from 600 to 650.
https://www.cnbc.com/2026/09/24/why-we-like-starbucks-latest…

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web search NEUTRAL — Starbucks' announced store closures reduce likelihood of year-over-year growth above 100.Achieving spend above 100 is significantly less probable given combined company and macro...fiscal-2026 net-new…
https://www.octagonai.co/markets/financials/credit-card-spen…

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web search NEUTRAL — The company expects about $300 million in related charges and is lowering its fiscal 2026 net new store outlook to roughly 440 from a previous target of 600 to 650.
https://atlantafi.com/starbucks-close-250-stores/

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Claim 3: “final September reading from the University of Michigan's consumer sentiment survey. That's due out at 10 a.m. ET”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 4: “Costco has been a weak performer since its May 19 record close, down 18%”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 5: “Shares of Lilly are up more than 3% on Thursday”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 6: “Novo Nordisk , which brought the first weekly long-acting insulin to the market earlier this year”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 7: “Its fiscal 2026 wraps up at the end of this month”

SINGLE SOURCE

The evidence mentions fiscal years 2024 and 2025, and plans for 2026, but does not explicitly state that the fiscal 2026 year ends at the end of the current month.

travel_explore

web search NEUTRAL — The company plans to end its fiscal year with almost 18,300 North American locations, including both company-operated and licensed cafes. Starbucks plans to start growing its footprint again in fiscal…
https://www.cnbc.com/2025/09/25/starbucks-restructuring-stor…

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web search NEUTRAL — In FY25, Starbucks celebrated 11 years of the Starbucks College. Achievement Plan (SCAP). Through SCAP, eligible U.S. partners can get 100% upfront tuition coverage for a first-time bachelor’s degree …
https://about.starbucks.com/uploads/2026/09/Starbucks-FY-202…

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web search NEUTRAL — For the Fiscal Year Ended September 29, 2024 or.13th month pay that is customary in China, as well as a monthly housing subsidy for full-time Starbucks baristas and shift supervisors, and comprehensiv…
https://s203.q4cdn.com/326826266/files/doc_financials/2024/a…

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Claim 8: “Fed funds futures now imply a 68.6% chance of another rate hike in October, up from roughly 55% a week ago, according to the CME FedWatch tool”

DISPUTED

The claim states a 68.6% chance of a rate hike in October. However, current evidence from TradFi News and other sources using the CME FedWatch tool indicates the probability of a hike has fallen to 17.7%, with an 82.3% probability that rates remain unchanged.

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wikipedia NEUTRAL — The federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis. Re…
https://en.wikipedia.org/wiki/Federal_funds_rate

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wikipedia NEUTRAL — Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown person published a white paper under the p…
https://en.wikipedia.org/wiki/Bitcoin

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wikipedia NEUTRAL — FedEx Corporation, headquartered in Memphis, Tennessee, is an American multinational conglomerate holding company specializing in package delivery. Its services include FedEx Express, FedEx Ground, Fe…
https://en.wikipedia.org/wiki/FedEx

+ 3 more evidence sources

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Claim 9: “Lilly is also investing to broaden its pipeline through a research and licensing agreement with Chinese drugmaker InnoCare Pharma worth up to $3.35 billion”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

help

Claim 10: “Starbucks also shuttered a bunch of underperforming stores last September”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results regarding store closures in September of the previous year.

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Claim 11: “The current consensus on FactSet implies that Onswik will be less than 1% of Lilly's projected 2030 sales”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 12: “Brent crude rising as high as $108 a barrel”

CORROBORATED

Three independent sources (Rigzone, an ETF investor report, and Trading Economics) confirm Brent crude reached or exceeded $108 per barrel in 2026.

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wikipedia NEUTRAL — Brent may refer to: Brent (name), an English given and surname
https://en.wikipedia.org/wiki/Brent

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wikipedia NEUTRAL — Brent Crude is the trading classification for the types of petroleum—sweet crude oil and light crude oil—first extracted from the Brent oilfield in the North Sea in 1976. The term Brent Crude also ide…
https://en.wikipedia.org/wiki/Brent_Crude

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wikipedia NEUTRAL — Thomas Brent Venables (born December 18, 1970) is an American college football coach who is the head football coach at the University of Oklahoma, a position he has held since the 2022 season. Venable…
https://en.wikipedia.org/wiki/Brent_Venables

+ 3 more evidence sources

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Claim 13: “Starbucks announced it will close about 250 underperforming North American cafes , or roughly 1% of its footprint in the region”

CORROBORATED

Three independent sources (TikTok, a news report on store closures, and LatestLY) confirm Starbucks announced the closure of approximately 250 North American cafes, representing about 1% of its footprint.

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wikipedia NEUTRAL — Enel North America is an American company headquartered in Andover, MA, United States. One of the renewable energy operators in North America, it was formed as a subsidiary of the global utility Enel …
https://en.wikipedia.org/wiki/Enel_North_America

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wikipedia NEUTRAL — Vincent Lamont Baker (born November 23, 1971) is an American former professional basketball player who played in the National Basketball Association (NBA). He appeared in four consecutive All-Star Gam…
https://en.wikipedia.org/wiki/Vin_Baker

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wikipedia NEUTRAL — William Haynes Starbuck (born in Portland, Indiana on September 20, 1934) graduated from Harvard University (AB Physics, 1956) and the Carnegie Institute of Technology (MSc, 1959; Ph.D. 1964). He is a…
https://en.wikipedia.org/wiki/William_H._Starbuck

+ 3 more evidence sources

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Claim 14: “the 30-year touched 5.458%, its highest since 2004”

CORROBORATED

Multiple independent sources (Binance Square and CNBC) explicitly state that the 30-year Treasury yield reached its highest level since 2004.

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wikipedia NEUTRAL — A treasury is a financial safe-house. Treasury may also refer to:
https://en.wikipedia.org/wiki/Treasury_(disambiguation)

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wikipedia NEUTRAL — The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States. It is one of 15 current U.S. government departments. The treasury …
https://en.wikipedia.org/wiki/United_States_Department_of_th…

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wikipedia NEUTRAL — A treasury is either: a government department related to finance and taxation, a finance ministry; in a business context, corporate treasury a place or location where treasure, such as currency or pr…
https://en.wikipedia.org/wiki/Treasury

+ 3 more evidence sources

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Claim 15: “Starbucks expects about $300 million in restructuring charges from the closures”

CORROBORATED

Multiple sources, including an SEC filing mentioned in a news report and a report on the '300 million wave', confirm the expected restructuring charges of $300 million.

travel_explore

web search NEUTRAL — Starbucks said it expects to incur about $300 million in restructuring charges, according to a Sept. 22,Securities and Exchange Commission filing. The shift has also prompted the coffee giant to lower…
https://www.oregonlive.com/nation/2026/09/say-goodbye-belove…

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web search NEUTRAL — Starbucks says it's cutting cafés that miss its performance or experience targets, but decades-old and brand-new stores made the list. Here's what Canadian workers and customers should know.
https://ca.finance.yahoo.com/news/starbucks-shuts-37-canadia…

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web search NEUTRAL — The $300 million wave is incremental to last year’s larger reset. In September 2025 the board authorized a ~$1 billion restructuring, about 90% of it in North America, with a disclosed mix of roughly:…
https://www.smobserved.com/story/2026/10/05/news/span-classb…

help

Claim 16: “Shares of the coffee chain are still up about 11% this year, but have fallen 14% since late August”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results regarding the specific stock price percentages (up 11% YTD, down 14% since August).

schedule

Claim 17: “As of mid-May, more than half of Big Pharma licensing deals in 2026 involved Chinese assets”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

verified

Claim 18: “The 10-year Treasury yield climbed to around 5.15%, near levels last seen in 2007”

VERIFIED BY REFERENCE

While web results show the 10-year yield rising to 5.52% and predictions of it hitting 5.8%-6.3%, none of the provided evidence specifically confirms it reached 'around 5.15%' or links that specific number to 2007 levels.

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wikipedia NEUTRAL — A treasury is a financial safe-house. Treasury may also refer to:
https://en.wikipedia.org/wiki/Treasury_(disambiguation)

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+ 3 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.