mcdonald's will make more money. a lot more money. >> a family with two kids that earning the minimum wage still lives below the poverty line. that is wrong. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. it's time. now get the unmistakable thrill... and the incredible rush... of the mercedes-benz you've always wanted. ♪ but you better get here fast... [ girl ] yay, daddy's here. here yo

mcdonald's will make more money. a lot more money. >> a family with two kids that earning the minimum wage still lives below the poverty line. that is wrong. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. now, everyone's in the spirit of sharing. hey, can i borrow your boat this weekend? no. [ male announcer ] share more. save more. at&t mobile share for business. ♪ at&t mobile share for business. "first day of my life" by bright eyes you're not just looking for a house. you're looking for a place for your life to happen. ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-ben

now you might be saying to yourself, stephen, i can't do all this on a mcdonald's salary. well, that's where you're right. because the budget assumes you're working a second job. which of course won't be easy but that does mean two christmas parties. just be sure to fill your pockets with shrimp and maybe a can of sterno because, remember, you have no heat. after all the expenses have been paid you're still left with $800 in monthly spending money for odds and enders like clothing, food, and gas: luckily your polyester mcdonald's uniform qualifies as all three. so if you work two jobs at 75 hours a week and follow this budget to the letter, mcdonald's nonbindingly promises you'll have $100 for savings a month because mcdonald's says, "you can have almost almost you want as long as you plan ahead and save for it." unless the thing you want is money. so stop complaining, four million fast food workers. macdonald's may have net a profit last quarter of $1.39 billion. but you get a fair wage plus all the grease you can breathe. for pete's sake an employee at a chicago mcdonald

again, mcdonald's is a big weigher on the index. if you want to know what's happening with the broader s&p 500, we're up about .1%, so a couple of points there, bill. >> all right. we'd be . . . snoof this is the pursuit of perfection. >>> baby watch at buckingham palace has turned into baby celebration. people are flocking to the palace after they got the word. >> incredible. you know, because there's going to be a lot of people in london, you know, from spending time there, you know it's not always the thing that londoners love to talk about. i bet that crowd is packed with tourists. >> you bet. >> it will be a huge story. >> it's a boy, by the way, in case you hadn't heard. that's why we're wearing blue. could you have worn any higher heel, by the way, today? >> yes, i will bring those next time. >> i'm sure you're will. >> we're 10 minutes from the close. the dow and s&p pushing for all-time highs. >> and joining us is steve, and you are disappointing by the earnings so far, yes? >> yes. right now, running 2-to-1 beats to misses

i expected better from mcdonald's, i wonder if people are turned off to the kind of food mcdonald's has. >> i'm curious, should investors then look at this and say mcdonald's specific or is it a brought el reflection of this idea that the consumer is slowing down a bit? >> i want to say it's mcdonald's specific, only because i would love to see anyone else disappoint at this level. i'm not sure that you'll see that. one of the things, carl. that bothered me, they've done a lot of innovation, it doesn't yet seem to be kicking in, but yes that's what's so necessary. >> they're not fully in place but you're right, whether or not there's some sort of hill that the consumer needs to get over, this is the play where you go for arugula in a wrap, or do they continue to lose share? >> if you think the consumer is in tlubl, would they be paying up for burrito or a panera salad? there does seem to be a sense at least in europe and here that the cheapest food may not be the best food. >> foreex did -- a theme we heard last week and probably will hear this week. and just not getting that. >> record

kareem starks, an employee at mcdonald's. and gregory, a former delivery driver for domino's who works with fast food forward. we did reach out to mcdonald's and domino's to invite them on the show. they have not taken us up on the offer. the offer still stands. kareem, you're on strike. if there's a mcdonald's executive watching this right now and thinking to themselves, we have hundreds of thousands of employees, there are some folks who disgruntled. what do you say to them? >> what do i say? i say it's time to take a stand, like, it's time for us, as, like, a union, as one, to just speak up and say what's right. like, it's not right we're making $7.25 and work twice as hard. >> you said in one interview i read with you that you are -- that there's a squeeze on you because they're trying to do more with less workers. that you have noticed a speedup. the amount of work that you have to do now is more than it was when you first started. what's going on there? >> what's going on is they're

wednesday, mcdonalds ceo don thompson pointed out that 40% of mcdonalds executives and half of the chain's franchisees started out as hourly employees. as for mconald's suggested budget for how employees can live on $25,000 a year, which critics have called "out of touch," thompson called a lot of the comments "interesting." president obama delivers a speech today from a port in jacksonville, florida. he is set to talk about new ways america can create more products and build up the middle class. yesterday the president stressed that u.s. businesses have created 7.2 million new jobs in the past 40 months. he also laid out a 6-point plan for the future he believes will strenghten middle america. he says he is willing to work with both democrats and republicans. "i will welcome ideas, but i will not allow gridlock or inaction or willful indifference that get in our way." the gop's mitch mcconnel brushed off the president's comments, telling reporters the president's. speeches are a clossal waste of time and energy. the leaders of corporate america admit they have too much power. a new survey

mcdonald's was a big one. miss expectations for the second quarter and a lot of people will be looking at that stock emeritus. down by almost 3% thanks to this 32 points. broadly speaking, earnings momentum, could it be changed? catie joins us now. you have talked about the fact that there could be some pasta this? >> yes, stocks are going down, mcdonald's is a restaurant stock. there is a broader market, and i think that that is in part due to the rising price of crude oil. the mcdonald's of the world has a lot more stocks to break out. and i think that that is sustainable and its positive earnings. >> the s&p 500 is clearing as soon as thisults in individual stocks breaking out. which is how you look at it for the markets at 1695. break it up. short-term, what is the next big number that you're looking at? >> the s&p 500 may yield a short-term target of this is looking for about 1784 the months ahead. connell: the months ahead been six months to a year? >> yes, about six months. connell: is that kind of wher

i just checked being mcdonald's, it's up 13 1/2%. burger king is better than mcdonald's? chipotle, better than mcdonald's. how about jack in the box, better than mcdonald's and wendy's better than mcdonald's, i don't understand. it's underperforming this year. stuart: okay, we understand that one, thanks, nicole. and we have apple kind of playing catchup here, they're testing larger screens for iphones and ipads like samsung already has. nicole, have you got apple for me? . nicole: it's up higher. 427. stuart: that's it. 427, that's stable pretty much. goldman sachs, according to a new york times investigation, they've been manipulating aluminum. and charging a higher storage fee, nothing illegal. unintended to consequence of dodd frank, and 5 billion, goldman barely budging on that news. to nicole, netflix, it reports after the bell. it's a tear recently. >> it's doing a whole lot of nothing. is it waiting to see the numbers? and i have to say one other thing, stuart. i have to take one moment. i'm so happy, maybe, just baby, will and kate's baby would be born during you

people who live at mcdonald's cannot order at mcdonalds. they cannot feed their family mcdonald's because they are getting paid so little. and it's well within the workers' rights to ask for $15 an hour. i think the people who go to mcdonald's, go to wendy's -- >> what would happen, though, if you raise the wage to $15 an hour. that money has to come from something. you can raise prices, fire workers, or cut into margins. if they raise prices, a more expensive burger, they are going to sell fewer of them. they can't cut into margins right now. most of these are small franchise business owners that don't have those margins. and if you think mcdonalds a big bad global corporation, do you honestly think that they would cut their margins? they are going to cut back on workers and labor. they have a certain amount of money that they spend on labor. whether you have 10 people or 112 people. >> speaking of the fact that money doesn't grow on trees, those people are on food stamps. that money doesn't grow on trees. those are federal taxpayer dollar

i think it's a $220 - $230 stock. - what about mcdonald's' earnings? - mcdonald's has been stuck in this little range between $97.50 and $103. over the last eight quarters the stock has sold off four times, it's rallied fourmes.n fridiactuallyl spreads into earnings. i actually didn't get filled on that, so i want to be bullish mcdonald's. if it pulls back into that $98 range, then i'll look to be a buyer. right now i'm flat mcdonald's. - thank you for being with us, andrew. - thank you. the time has come for us to say goodbye for today. coming up tomorrow, how the trading world is dramatically changing, all because of technology. from all of us at first business, thanks for watching. a great week lies ahead. >> announcer: the following is a paid presentation for the amazing perfecter fusion styler, brought to you by tristar products. [♪.. what if there was finally one perfect styling tool... one that takes short, flat hair and adds instant lift and volume... >> oh, yeah, oh, yeah! >> announcer: ...brings dull, damaged hair back to beautiful life wit

[ male announcer monopoly at mcdonald's is back! with 1-in-4 odds... plus, you could win $1 million instantly on a big mac. monopoly -- there's always more fun at mcdonald's. i just won a new fiat 500 cabrio! all right... one, two, three. [ all roadtrip! [ male announcer monopoly at mcdonald's is back! with 1-in-4 odds... plus, you could win $1 million instantly on a big mac. monopoly -- there's always more fun at mcdonald's. >>> that wraps it up for us here on "our world at black enterprise." i'm marc lamont hill. follow me on twitter and visit me on facebook. thanks for watching. we'll see you next week. to sha-cool. get it? [ male announcer new gold bond powder spray. cool, dry, no mess. stay cool with gold bond. nothing stopped the rash from my bladder leakage. until now. [ female announcer new balmex adult care has activguard to soothe, protect, and relieve. finally, adult rash relief. >> female announcer: the following is a paid presentation for the exhilarate body shaping system from zumba fitness. >> male announcer: now you can try zumba at hom

>> well, i think the biggest problem facing mcdonald's is mcdonald's trying to be one restaurant to all types of consumers. it's trying to focus on the value people. that's why it's focusing on the dollar menu. meanwhile, they also want to focus on growth. it wants to target the so-called millennium generation. they want healthier quality food. and because of more choices prefer some of these fast casuals such as chipotle and panera bread. mcdonald's has a two-pronged strategy. one, they want to focus on core constituent, which is the value menu. also they want to target some of these healthier -- people want healthier food like the mcwrap. they're trying both strategies. i'm not quite sure it's working, but they're trying to be one restaurant for all types of consumers. >> michael perves, global strategist at weeden & co. is still with us. what do you think of this strategy? do you believe that it's going to be paying off? >> i think your guest makes a very good point with chipotle at 44 times earnings, that's going to be very appealing to the management of mcdonald's. but whether they

by mcdonald's. deeply rooted in the community 365 days a year. >> that wraps it up for this edition of "our world with black enterprise. be sure to look us up jon-line, like us on facebook and twitter. see you next week. >> announcer: the following is a paid advertisement for cold plasma sub-d by perricone md. how old does your neck make you look? would you like to take years off your appearance and help remove some of the signs of aging on your neck for a look that is firmer, tighter, and more youthful? well, now you can. introducing dr. perricone's cold plasma sub-d. sub-d is specifically formulated for the area called the submandibular. often neglected, the skin in this area has unique needs, and

mcdonald's provides this sample monthly budget. note the line for income from your first job and your second job because you work for mcdonald's, after all, so you're going to need a second job things. after a list of monthly expenses that notably does not include basics like food, you arrive at a daily spending goal of 25 bucks. if we could just go back to that opening page again, the nice lady shown by mcdonald's on the welcome page also lives here, in our favorite collection of stock photos. she's a businesswoman. that's the title of her photo. you can find her under keywords like white, office, professional occupation. no mention of want fries with that? if you wanted to find real mcdonald's workers today, you needed to look outside the restaurants. fast food workers walked off the job today in cities around the nation. st. louis, chicago, new york, and milwaukee and detroit. with pickets and protests at chains like mickey d's and kfc and burger king, the food workers were joined by clerks from chain stores like dollar tree and

there are also existing formula retail stores like a wall green and the mcdonald. and with all the change we're seeing in the bay verify with you thought one of the things if there's a new formula retail the city and community has an opportunity to get involved. it's not a neighborhood pits completely opted to formula rail it needs some services and it's accepted as part of the new projects. you know, increased skeerj for ground floor proposals elsewhere in the neighborhood. but we learned from the negotiations there are ways that the community have shape the retail to make sure it's complimenty and a some challenges from the neighborhood that were we thought that would control some of the progressions of third street without rezion e zoning the properties. we thought about rezoning a lot of the properties but given the demand for the p dr space we didn't want to remove the p dr space. we're happy to participate in the process that you guys are under golden in terms of looking at the formula retail from a citywide prospective and so we're perfectly fine with your s

mcdonald's provides this sample monthly budget. note the line for income from your first job and your second job because you work for mcdonald's, after all, so you're going to need a second job things. after a list of monthly expenses that notably does not include basics like food, you arrive at a daily spending goal of 25 bucks. if we could just go back to that opening page again, the nice lady shown by mcdonald's on the welcome page also lives here, in our favorite collection of stock photos. she's a businesswoman. that's the title of her photo. you can find her under keywords like white, office, professional occupation. no mention of want fries with that? if you wanted to find real mcdonald's workers today, you needed to look outside the restaurants. fast food workers walked off the job today in cities around the nation. st. louis, chicago, new york, and milwaukee and detroit. with pickets and protests at chains like mcd's and kfc and burger king, the food workers were joined by clerks from chain stores like dollar tree and vict

you know mcdonald's had become sort of emblematic of what low wage jobs were that the mcdonald's work was essentially the lowest one could possibly imagine of course this is a mythology but that was sort of implanted in the popular culture in the united states at that time and i think that recently we've seen symbols such as wal-mart sort of take over that mantle of the low wage exploitative employer but certainly the term mcdonald the zation i think people get the idea that in the united states what we're seeing is a conversion of the economy from what was traditionally a middle and high wage economy to a low wage one recent statistics from the bureau of labor statistics showed that most of the jobs i believe it was something like sixty percent of the jobs that have been lost in this depression are recession whatever want to call it have been not regained and instead have been replaced by low wage jobs that more than two thirds of the jobs that are being added are low wage jobs and this conversion of the economy and particularly the wages of workers in the united states this is reall

mcdonald's provides this sample monthly budget. note the line for income from your first job and your second job because you work for mcdonald's, after all, so you're going to need one of those second job things. after a list of monthly expenses that notably does not include basics like food, you arrive at a daily spending goal of 25 bucks. if we could just go back to that opening page again, the nice lady shown by mcdonald's on the welcome page also lives here, in our favorite collection of stock photos. she's a businesswoman. that's the title of her photo. you can find her under keywords like white, office, professional occupation. no mention of want fries with that? if you wanted to find real mcdonald's workers today, you needed to look outside the restaurants. fast food workers walked off the job today in cities around the nation. st. louis, chicago, new york, and milwaukee and detroit. with pickets and protests at chains like mickey d's and kfc and burger king, the food workers were joined by clerks from chain stores like doll

charles: mcdonald's is having financial advice to its menu offering the workers making less attractive by thousand dollars they're getting a hours cut they say it is just another unwelcome surprise from the new health care law. helpless to understand what is going on. >> it is a sad story but businesses of all sizes are preparing for the changes of the health reform that was close to come into effect next year but now that is not clear because obama wants to delay the employer mandate but even small businesses realize it is a huge burden they have said they have frozen hiring and 19 percent said they'd made layoffs because of health reform. charles: mcdonalmcdonal d's came under he but that it was good i think a lot of employees don't know how to budget but the point is critical a lot of people will find themselves in this position. >> this is what happens as corporatism we specifically have given corporations and benefits cover free trade agreement but at the exact time we left the workers behind the of constant regulations as by canada to produce a ship in the white the food safety s

rj, is a restaurant problem or a mcdonald's problem? >> actually, i think it's a little bit of both. there is credence to what management was talking about in terms of being a competitive landscape right now. we've seen food costs come in from a year ago. that's led to a lot more promotional activity and aggressive discounting across the board. at the same time, mcdonald's pointed to a lot of new product innovations that they said were meeting or exceeding expectations. at the same time, and they said they were gaining market share, but at the same time, the question is, are other players starting to gain more market share than mcdonald's? so it does become a question, is this something that's for the company specific? a lot of questions raised in today's results. >> it seems like the market's expecting others to gain market share. when i ran a screen this morning of pretty much every restaurant, whether it's fast-casual up to youth's chris, the single-best performing stock was wendy's. >> yeah. >> the doughnut burger or whatever they h

. >>> living on minimum wage salary, how a new suggested budget by the folks at mcdonald's is stirring controversy and why the fast-food industry says it's not what it means. >>> breaking bad, a television revolution that's happening right before our eyes. >>> hello, everyone. high noon in the west, welcome, i'm alex witt. we have news to share about a woman who fell to her death from a roller coaster in tech. they have identified rosie esparza of dallas visiting the park for the first time. live in arlington tech texas. charles, good day to you. what else do we know about the victim and the circumstances. >> good morning, alex. according to investigators, rosie esparza, this was her first time to the park according to family members. they say she was having a pretty good time. now investigators are focusing in on the first few moments of a thrill ride that turned deadly within seconds. investigators today are working to answer tough questions at six flags over texas in arlington, a day and a half after the woman was ejected from the texas giant roller coaster. >> the guys behind the l

and i see the head of mcdonald's in toledo. he is running toward me with a big smile on his face, running, ronald, ronald, i shake his hand, he goes ronald doesn't drive. [ cheers and applause ] >> jimmy: ronald doesn't drive! like a human pinata for a time there. >> yes, it was wonderful. >> jimmy: and then you came out to los angeles? >> yeah. >> jimmy: did you come out as a kid here? >> i mean, actually, i was 17, right around that same time i had done that and decided i wanted to try to get into show biz. found out i could audition to be a tour guide for universal studios. came out, my friend and i drove out for 36 hours, i said we have to go to hollywood boulevard. we have to go, there will be stars everywhere. we pull up in front of your theater. i pull up, this kid from michigan, we stop, horrifying. and then two hookers jump literally on the hood of my car, and they run off. i don't know why they did. i personally think it was my father's way to get me to move back to michigan, for 50 bucks, will you jump on his car? >>

now it is mcdonald's and other fast food restaurants. why is it they don't seem, unions, don't seem to be able to get past this gap of saying that there will be no impact on businesses? like there's an endless supply of money. >> remember what you said about president obama and al sharpton, they're not listening? the unions aren't listening. if you listen to the audio that was just played, what do we want, when do we want it. you hear this chant, whether it is sanford, florida marches, this is the union model. all they care about is membership and growing, and frankly, they're in the business of keeping you at a level where they can tell you they have everything you need, therefore you don't rise above on that economic ladder and they control you. it is not about your economy. it is about their economy and the big guys. >> there was, juan, in the research, there was a young woman, she has four children, had the first when she was 17, four children, living on her own, living with family awhile, now rents a home. she works in the morning a

health care cost soars so many companies are not hiring but now mcdonald's ♪ [ villn ] well mr. baldwin... it appears our journey has come to a delightful end. then i better use the capital one purchase eraser to redeem my venture miles for this trip. purchase eraser? it's the easy way to erase any recent travel expee. i just pick a charge, like my flight with a few taps, it's taken care of. impressive baldwin. does it work for hotels? absolutely thank goodness. mrs. villain and i are planning our... you scare me. and i like it. let's go what's in ur wallet? [ whirring ] [ dog barks ] i want to treat mo dogs. ♪ our business needs more ses. [ male announcer ] where do you want to take your business? i need help sellingrt. [ ale announcer ] from broadband web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ charles: mcdonald's is havi fancial advice to its menu offering the workers making less attractive by thousand dollars they're ge

they say the average worker, not even average, minimum wage worker, entry level worker at mcdonald's and these other places are making $7.25 an hour. at the same time the ceo of mcdonald's, donald thompson, in 2012, his total compensation was 13.57 million. many tweeted this back to me on the day we were having the debate. is that comparison relevant? what do you think, james? >> well i think it ought to be clear if you force mcdonald's to pay 15 bucks an hour to everyone in there, what you will see very quickly a lot more automation, a lot fewer jobs. it's not really relevant. most of all it has nothing to do with the financial crisis which is how this got bundled into the dodd-frank law. the sec is ignoring lots of critical reforms and unfortunately now pursuing this kind of umteenth look at ceo pay. when i was at the sec it was one of the earlier rounds. this is a very heavily-disclosed area. you see in our paper and others the amount people make. it is very transparent and you can make your own judgments. melissa: jonathan -- >> melissa, the guy who is the ceo of mcdonald's or wa

mcdonald's will open its first location in vietnam. the burger giant says it has awarded a franchise to ho chi minh city that should open in early 2014. u.s. brands have slowly been moving into communist vietnam. 37 other asian countries already have a mcdonald's. panera bread is pulling the plug on allowing customers to "pick their price." the program began in march and let customers pay more or less than the suggested price of certain menu items. the hope is that customers who can afford a meal would make up for customers who cannot. a panera spokesperson said the program did well in its first phase, due to publicity, but quickly faded. panera hopes to bring back the program in 2014. a group of hearing-impaired customers is suing starbucks. the group is known as "deaf chat coffee." they were in a starbucks in new york when they claim they were mocked by starbucks employees, who even called police to kick them out. workers say the group holds monthly meeting at the cafe without a permit. a starbucks spokesman says any kind of discrimi

and all the mcdonald's reps are in the back. i'm trying to do this magic show, doing a poor decision, i said let's do the chicken mcnuggets. i did this pan, i take a top off and a rubber chicken jumped out. i see all of them back at the thing just like writing, "no, do not do that." but then i panicked. what happens is it ended. i go, all right, i'm going to come down and give out candy. and i dumbly walk down into children as opposed to you're supposed to have your person take you out to a safe area and then bring the kids in. i go down, it's like the beatles had walked into this place. they attack, and then all of a sudden they reach into my pockets and they found candy -- "he's got candy!" and they tear my pockets off. and candy's flying off. and i'm getting mobbed. i had more candy in another pocket. i take it, throw it in the air. get the candy. they all run, and i run out of the place with my ronald assistant. i go get in the car, get in the car! he pulls up in the car. i'm like get out, it's my car. he gets out, i jump in

you know mcdonald's had become sort of emblematic of what low wage jobs were that the that the mcdonald's work was essentially the lowest one could possibly imagine of course this is a mythology but that was sort of implanted in the popular culture in the united states at that time and i think that reese. simply we've seen symbols such as wal-mart sort of take over that mantle of the low wage exploitative employer but certainly the term mcdonald the zation i think people get the idea that in the united states what we're seeing is a conversion of the economy from what was traditionally a middle and high wage economy to a low wage one recent statistics from the bureau of labor statistics showed that most of the jobs i believe it was something like sixty percent of the jobs that have been lost in this depression or recession whatever want to call it have been not regained and instead have been replaced by low wage jobs that more than two thirds of the jobs that are being added are low wage jobs and this conversion of the economy and particularly the wages of workers in the united states this

welcome back to last week mcdonald's released a budget plan for its employees it was supposed to show employees how they could easily live off mcdonald's current wages unfortunately as many pointed out last week that mock budget guide fails to include a number of basic expenses like food and transportation costs and dolls. a statement that the sample budget is a generic example and is intended to provide a general outline of what a named individual budget may look like but for mcdonald workers have now come forward revealed their actual monthly budgets and no one surprise their budget showed just how out of touch mcdonald's is with their employees ability to survive and provide for their families so isn't it time the giant transnational corporations that make billions of dollars each year start paying their employees the very people responsible for their wealth anough money to be able to live comfortably and provide for their families that's david alaska director of communications for the new york republican state committee david welcome back good to be with you first of all the so-ca

you know mcdonald's had become sort of emblematic of what low wage jobs were that the that the mcdonald's work was essentially the low. one could possibly imagine of course this is a mythology but that was sort of implanted in the popular culture in the united states at that time and i think that recently we've seen symbols such as wal-mart sort of take over that mantle of the low wage exploitative employer but certainly the term mcdonald the zation i think people get the idea that in the united states what we're seeing is a conversion of the economy from what was traditionally a middle and high wage economy to a low wage one recent statistics from the bureau of labor statistics showed that most of the jobs i believe it was something like sixty percent of the jobs that have been lost in this depression or recession whatever you want to call it have been not regained and instead have been replaced by low wage jobs that more than two thirds of the jobs that are being added are low wage jobs and this conversion of the economy and particularly the wages of workers in the united states this is

you know mcdonald's had become sort of emblematic of what low wage jobs were that the mcdonald's work was essentially the lowest one could possibly imagine of course this is a mythology but that was sort of implanted in the popular culture in the united states at that time and i think that recently we've seen symbols such as wal-mart sort of take over that mantle of the low wage exploitative employer but certainly the term mcdonald the zation i think people get the idea that in the united states what we're seeing is a conversion of the economy from what was traditionally a middle and high wage economy to a low wage one recent statistics from the bureau of labor statistics showed that most of the jobs i believe it was something like sixty percent of the jobs that have been lost in this depression are recession whatever you want to call it have been not regained and instead have been replaced by low wage jobs that more than two thirds of the jobs that are being added are low wage jobs and this conversion of the economy and particularly the wages of workers in the united states this is r

you know mcdonald's had become sort of emblematic of what low wage jobs were that the that the mcdonald's work was essentially the lowest one could possibly imagine of course this is a mythology but that was sort of implanted in the popular culture in the united states at that time and i think that recently we've seen symbols such as wal-mart sort of take over that mantle of the low wage exploitation of employer but certainly the term mcdonald the zation i think people get the idea that in the united states what we're seeing is a conversion of the economy from what was traditionally a middle and high wage. to me to a low wage one recent statistics from the bureau of labor statistics showed that most of the jobs i believe it was something like sixty percent of the jobs that have been lost in this depression or recession whatever want to call it have been not regained and instead have been replaced by low wage jobs that more than two thirds of the jobs that are being added are low wage jobs and this conversion of the economy and particularly the wages of workers in the united states this is

mcdonald's stock down again today. the obvious question, down big e yesterday, down again today, this is stock we are talking about. are people making healthier choices? is that hurting the bottom line at mcdonald's? very good question because mcdonald's is a big-name stock and we are on it after this. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company i can ll you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well ca and a state-of-the-a

it's not just about the mcdonald scandal. he has to run from his own record and the record of his lieutenant governor candidate who said even more extreme ideas. and you see it right now. he's vulnerable. is he losing in the polls. he's being outspent. and every day that all of these scandals are in the news news is more time he is not getting his own message out. >> tie him to the scandal. >> time for the scandal? >> can you tie him to the scandals of mcdonald? can you do that tonight. >> absolutely. it's not just about the the scandal. ken sioux nellie had undisclosed gifts and stock investments with the same donor. it's not just he had relationships or interactions with that donor. he had the same exact problem. he also when the chef also part of the scandal, an the mansion chef came to cuccinelli and said there are some problems going on in the governor's mansion, did he nothing for almost a year. it's not just bob mcdonald's the governor and these problems are also cuccinelli's. they are ken cuccinelli's own problems. he

we look at mcdonald's, a dow component. can you blame simply weak europe sales and this is buying opportunity for mickey d's? [closing bell ringing] >> intense competition. they seemed worried going forward. david: by the way one of the competitors is chipolte. we'll have the cfo of chipolte on this hour. bells are ringing on wall street. he. it is surprising so much enthusiasm on a basically a flat day. there is lot coming after today. the real story coming after the closing bell. thus the name of our show. the netflix earning coming out. we have as i mentioned chipolte cfo has a lot to say about what his company is doing. let's go through the indexes. basically flat. nasdaq getting a big boost percentagewise. that is less than half a percentage point a slow start of the workday. a lot of people out on vacation, but a lot happening after the bell, folks. liz: indeed. here is a look at the front page headlines. yahoo! agreed to buy being back 40 million shares of stocks from one of its

the mcdonald's economist economics experts are saying you know if you really want to swing this if you really want to have a job with us and also be able to meet all these other standards of living and a consultant to the yeah i mean it certainly it certainly is an undue burden on these people who are already working at a job for at least thirty five hours a week i think that the bigger question here is who. who's obligation is it to make sure that all of these workers actually have the things they need in order to live their own obligations they have a job it's not like the treasury department treasury department has something similar that i hope to highlight next week they have their own budget plan and i don't these are the guys who can't get their own house in order which i think is pretty ironic great even though i think they're talking about treasury debt as as household debt is just not analogous i will bring actually now they have a plan or similar to mcdonald's to help you manage your forehead and i think that the bigger question here is you know companies like mcdonald's are

to help you manage your fly and i think that the bigger question here is you know companies like mcdonald's are seen as job creators the same thing with wal-mart where your years of wal-mart right but being if you have a job that doesn't actually allow you to to pay for the things that you need so much so that you require government assistance it doesn't really make sense to me that the government should be subsidizing these companies it is that it is a hidden subsidy isn't it you get i mean in the congressional democrats released a report not too long ago showing. that a wisconsin wal-mart supercenter actually was costing the government more than nine hundred thousand dollars a year in terms of government subsidies for its workers so that means i would stamps it will be green if you're into that in a corporate it's a lot of people talk about free markets but these big companies do enjoy a lot of hidden subsidies and i thought it was a real driving like very much of a free market i mean if they're getting subsidized it's well it's ridiculous to be talking about workers on an individual leve

how much money does mcdonald's think its employees can live on? >> and later, how do you follow up on the brilliance of bill's favorite "sharknado." we'll have a sci-fi sneak peek. "early today" is back in two minutes. watch out. >>> welcome back. russian president vladimir putin says edward snowden has been warned against taking any action that would damage relations between moscow and washington. snowden, who has been stuck at the moscow's airport has officially submitted a request to russia for temporary asylum. a russian lawyer helping him says he could leave the airport within a week. >>> the north korean cargo ship that was seized from panama early tuesday is said to have been carried weapons built in the soviet era. cuba's foreign minister says the items on board are quote, obsolete defensive weaponry. either way may be a violation. >>> the u.s. drug enforcement agency is applauding mexico for its capture of the leader of the feared zetas drug cartel saying it put an end to his ruthless leadership. miguel angel trevino was captured in a pic

debt as as household debt is just not analogous i don't because shouldn't have a plan or similar to mcdonald's to help you manage your point and i think that the bigger question here is you know companies like mcdonald's are seen as job creators the same thing with wal-mart regards wal-mart right but being if you have a job that doesn't actually allow you to to pay for the things that you need so much so that you require government assistance it doesn't really make sense to me that the government should be subsidizing these companies it is a place it is a hidden subsidy isn't it yeah i mean in the congressional democrats released a report not too long ago showing that a wisconsin wal-mart supercenter actually was costing the government more than nine hundred thousand dollars a year in terms of government subsidies for its workers so that it seems i would stamps. it out in a corporate it's a lot of people talk about free markets but these big companies do enjoy a lot of hidden subsidies and i thought it was a real drag you know like very much of a free market i mean if they're getting subsidize

your sales tax is ok and speaking of food let's move on to our next topic mcdonald's budget planning guide for its employees has caught a lot of flak this week first the budget plan didn't include food or gas also lead to that right right you know that kind of reminds me of c.p.i. you know the c.p.i. statistics don't include food or guys so people like you and i who don't consume food and don't drive cars or use electricity aren't affected by this but it's an interesting plan because this is an admission plan left room for income from a second job so is this an admission that big donald's workers can't make ends meet with just one job well i think it's certainly a very unsettled suggestion on behalf of the mcdonald's economists economics experts are saying you know if you really want to swing this if you really want to have a job with us and also be able to meet all these other standards of living and of insulting yeah i mean it certainly it certainly is an undue burden on these people who are already. at least thirty five hours a week i think that the bigger question here is who. wh

people like trayvon martin easier access to firearms tell you why in tonight's daily take an ad well mcdonald's says it pays its employees well its workers say otherwise isn't it time we made all businesses pay their employees a living wage. you need to know this the koch brothers and their buddies at the american legislative exchange council are coming for your kids elementary school a new report from the center for media democracies p.r. watch says that the american legislative exchange council the conservative lobbying group more commonly known as alec has ramped up its campaign to corporate ties our public schools during the first half of this year since january conservative lawmakers across the country have attached to their state's budget bills one hundred thirty nine different alec drafted education proposals thirty one of those proposals have been signed into law disguised with pleasant sounding names like the virtual schools act and the special needs scholar. shit backed these proposals chip away at the most fundamental of american rights the right to free ineffective education all und

is it mcdonald's or gas prices? >> i'm thinking it's mcdonald's i had jack hartung on, ceo of which.ly. chipotle. i'm wonder if people are saling the value packages for mcdonnell's are not that good, or maybe people are just tired of fast food and want better food. >> maybe that's it. the journal made a big deal that earnings have been disappointing, revenue is disappointing. is there a disconnect between really the underpinnings for the stock market? >> i think totally. i don't know what quarters they're on. i don't know what conference calls they are on, whether it be schlumberger, whether it be johnson controls, whether it be honeywell, ingersoll-rand, union pacific. they really should read these conference calls, because they're -- i think that the basis in fact has to do with what these great companies are reporting, not what the journal says. >> he said 20% oshds in the u.s., right? >> the g.e. quarter was superb. remember, margins were expanded. what more do people want? to me these are the breakout quarters.

>> i was not. >> any other lawsuit against mcdonalds? >> yes, i have, and i represented mcdonalds in cases. >> playing both sides of the fence? >> yes, i have. >> do you really? >> yes. >> what do you think of $15 an hour? >> ridiculous. listen, it's a low skill job. >> if they do get it, then what? >> well, they do get it, there's fewer people back there making burgers. instead of four people on a quarter grill, there's three. i mean, it's -- >> and i don't fuss that point. i do think it will raise unemployment, but i don't think it's as bad as rick says. >> i don't fuss that point? >> that's texas. >> oh. senator rand paul and governor christie, two leading voices in the libertarian arena. they are not libertarians, but opposite sides of the fence going at it, of course. setting up a fight for 20 # 16? all rise, the libertarian judge is next. ♪ sky and guaranteed 1-secd trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etr