New starbucks CEO, small business optimism, affordable housing: Wealth!

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Chipotle's current CEO Brian Niccol (CMG) will take over as chief executive at Starbucks (SBUX) beginning September 9. Since taking over Chipotle in March of 2018, shares of the company are up 770%. Could he continue his track record at the coffee giant?

Wall Street is bracing for July's Consumer Price Index (CPI) out on Wednesday. CPI measures the monthly changes in prices paid by US consumers, giving key insight into their overall state of spending as they continue facing inflationary pressures.

Optimism for small businesses has risen by 2.2 points month-over-month for July, according to the National Federation of Independent Businesses (NFIB) small business optimism index. The reading may be at its highest point since February of 2022, but it is still below the 50-year average of 98. NFIB Research Center Executive Director Holly Wade joins Wealth! to give insight into the rise of optimism and what it means for small businesses nationwide.

Housing affordability remains a critical challenge in today's real estate market, especially for first-time buyers. But how can you ensure you're finding the most affordable home? Which regions should you consider? Kinloch Partners Co-Founder and CEO Bruce McNeilage joins the show to share his insights on affordable housing markets.

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