Executives from some of the country's biggest companies plan to hire 100,000 unemployed young Americans.

Sixteen other companies joined Starbucks in the pledge including Alaska Airlines, Cintas, CVS Health, Hilton Worldwide, HMSHost, JCPenney, JPMorgan Chase, Lyft, Macy's, Microsoft, Porch.com, Potbelly Sandwich Shop, Taco Bell, Target, Walgreens and Walmart.

Schultz expects the coalition to host  many job fairs across the USA.

The 100,000 Opportunities Initiative launches Monday.