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McDonald’s is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants. Local value offerings have been on menus across the country and in the app as of late, including 10 piece nuggets for $1, among other deals, as a part of the broader value strategy. While operators are still voting on the 2025 value offerings, the initiative looks likely to pass, two people familiar with the matter said. In its most recent quarter, McDonald’s reported earnings and revenue that topped expectations, but saw its same-store sales fall globally by 1.5%. And when you do that with news and great marketing, you can get strong full margin check that goes along with some of those value programs,” he said.
Persons: McDonald’s, that’s, Chris Kempczinski, , coli Organizations: CNBC Locations: U.S
AdvertisementApollo CEO Marc Rowan has transformed Apollo since he took over as CEO in 2021. Here's what could happen to Rowan's vision if he leaves and who might fill his shoes. Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm — sending the stock skyrocketing. Rowan is Apollo's second CEO since the firm was founded in 1990. AdvertisementJosh Harris, another founder, was also reportedly in the running for CEO, but Rowan got the job.
Persons: Marc Rowan, Donald Trump, he's, Chris Kotowski, Oppenheimer, Rowan, Kotowski, Marc, Apollo's copresidents, Scott Kleinman, Jim Zelter, Grant Kvalheim, Apollo didn't, Leon Black, Jeffrey Epstein, Apollo, Black, Epstein, Josh Harris, Harris, Athene, Kleinman, Trump, it's Organizations: Apollo Global Management, Trump White House, APO, Washington, Apollo, Zelter, Citigroup, Athene, Trump Locations: Athene USA
New York CNN —A machine is giving McDonald’s a headache, and this time it’s not the one that makes ice cream. Melitta, the manufacturer of the $3,000 espresso machine, informed customers of a problem with the equipment, forcing McDonald’s to temporarily decommission them while the issue is resolved. As a result, McDonald’s customers can’t order its espresso-based drinks, including frappés and Americanos. The chain recently launched a spinoff restaurant called CosMc’s that focuses on specialty coffee drinks. “One area of focus has been identifying ways for McDonald’s to participate in attractive and fast-growing categories … we’ve honed in on specialty beverages and coffee,” McDonald’s CEO Chris Kempczinski previously said.
Persons: McDonald’s, Melitta, , it’s, Chris Kempczinski Organizations: New, New York CNN, CNN Locations: New York, Atlanta, Dallas, Pittsburgh , New York, Tampa , Florida
AdvertisementApollo CEO Marc Rowan has transformed Apollo since he took over as CEO in 2021. Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm — sending the stock skyrocketing. Representatives for Apollo didn't return a request for comment on Rowan's plans or the firm's succession plans. Rowan is Apollo's second CEO since the firm was founded in 1990. In a presentation to investors in October, Rowan unveiled plans to double down on the firm's lending business.
Persons: Marc Rowan, Donald Trump, he's, Chris Kotowski, Oppenheimer, Rowan, Kotowkski, Marc, Kotowski, Scott Kleinman, Jim Zelter, Grant Kvalheim, Apollo didn't, Leon Black, Jeffrey Epstein, Apollo, Black, Epstein, Josh Harris, Harris, Athene, Kleinman, Zelter, Trump, it's Organizations: Apollo Global Management, Trump White House, APO, Washington, Apollo, Citigroup, Athene, Trump Locations: Athene USA
Now, Fonsi is making his debut as a lead actor in the film “Say a Little Prayer,” which opens at AMC and other theaters nationwide Friday. The movie, which features a nearly all-Latino cast, follows the romantic adventures of three best friends in San Antonio. “And to be able to do that in a film is great.”A poster for “Say a Little Prayer,” opening Friday. Luis Fonsi performs the theme song from “Say a Little Prayer” in San Antonio. The cast and crew of “Say a Little Prayer” in San Antonio in October.
Persons: Luis Fonsi's, , , I’d, Anthony, Rafael, It’s, valentine, Fonsi, ” Fonsi, Vannessa Vasquez, Jackie Cruz, Vivian Lamolli, Angélica María, Chris Kattan, Luis Fonsi, Patrick Perez Vidauri Vasquez, Adela, Vasquez, ” Vasquez, carne, Selena, , Latinas, Cristina Nava, ” Nava, ” Vivian Lamolli, Nava, Jeff Valdez, Sol Trujillo, Edward James Olmos, Olmos, El Viaje, It's, Daddy Yankee, That’s, “ I’m Organizations: NBC News, AMC, Productions, westside, Centro de Artes, San, San Fernando Cathedral, , Hulu, Cadence Productions, McKinsey & Company, El, YouTube Locations: Miami, Madrid, San Antonio, San Fernando, Mexican, Houston, Los, Latina, Antonio, Hollywood, , America, U.S, Spain, Puerto Rico
New York CNN —McDonald’s is spending $100 million on marketing and to help franchises most heavily affected by a recent E. coli outbreak that has sickened more than 100 people and damaged sales. In a memo sent to employees and obtained by CNN, McDonald’s is spending $35 million on marketing, which includes a value deal focused on its chicken nuggets, plus $65 million directed toward franchisees that have lost business in states where the outbreak happened. Visits and sales took a nosedive in October after the Centers for Disease Control and Prevention and the Food and Drug Administration said that fresh slivered onions served on the Quarter Pounders were the likely source of an E. coli outbreak. More than 100 people got sick across 14 states and several lawsuits have been filed against the chain. McDonald’s has said recent tests showed no E. coli in its food, and in the memo noted its Quarter Pounder burgers topped with slivered onions are now back on menus nationwide.
Persons: New York CNN —, McDonald’s, , Michael Gonda, Tariq Hassan, Chris Kempczinski Organizations: New, New York CNN, CNN, Centers for Disease Control, Food and Drug Administration Locations: New York, North America
If Kamala Harris' campaign was known for anything, it was its blockbuster fundraising. The overarching challenge at this point for what is left of Harris' campaign is that the financial picture is shrouded in mystery — even for those within the organization. What is even more unusual are the explosive clashes taking place in and around the Harris campaign universe. The requests have all been shut down and two Harris campaign officials told NBC News that the email list is not for sale. “We had some emails pre-scripted for a long fight,” a senior campaign official close to the strategy said.
Persons: Kamala Harris, it’s, aren’t, It’s Kamala, Harris, that’s, Donald Trump, Trump, , Chris Korge, , Beyonce, Jennifer Lopez, Cardi, Bruce Springsteen, Mumford, Oprah Winfrey, Winfrey, Harris ’ Organizations: Democratic National Committee, NBC News, NBC, Trump, Harpo Studios, America, YouTube, Facebook Locations: Houston, Las Vegas, Milwaukee, Philadelphia, Madison
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWeather is the dominant factor playing into bullish natural gas prices, says BKV CEOChris Kalnin, BKV CEO, joins 'Money Movers' to discuss the most recent move in natural gas prices, how much the data center power demand story evolves, and how big of a story this power demand is for BKV.
Persons: Chris Kalnin
Pitchfork announced that its annual Chicago music festival would not return in 2025. In an announcement on social media and on its website, the music publication said it made the decision after assessing the rapidly evolving "music festival landscape." “For 19 years, Pitchfork Music Festival has been a celebration of music, art, and community—a space where memories were made, voices were amplified, and the shared love of music brought us all together." Pitchfork Music Festival was founded in 2006 by the publication's founder Ryan Schreiber, ex-Pitchfork staffer Chris Kaskie and festival producer Mike Reed. It is unclear if the music festival will move forward in the other cities, but Pitchfork said in its statement that it "will continue to produce events in 2025 and beyond."
Persons: Pitchfork, Condé Nast, men’s, Ryan Schreiber, Chris Kaskie, Mike Reed, Alanis Morissette, Jamie xx, Carly Rae Jepsen Organizations: Pitchfork, Variety, Black Pumas, Pluto Locations: Chicago, Union Park, Paris, London, Mexico City
On the last day of a brutal, wild and tightly contested campaign, former President Donald Trump and Vice President Kamala Harris blitzed voters Monday with their final pleas for turnout. Harris and Trump both put their emphasis Monday on Pennsylvania, suggesting they still believe "Keystone State" is more than just a nickname. Its 19 electoral votes went for Trump in 2016 and Biden, who abandoned his re-election bid this summer, in 2020. Harris in particular focused on Pennsylvania, barnstorming the state with all four of her final-day rallies. Most of the rest of the country is considered safe turf for either Harris or Trump.
Persons: Donald Trump, Kamala Harris blitzed, It’s, Hillary Clinton, Joe Biden, Harris, Oprah Winfrey, Lady Gaga, ” Trump, there’s, Trump, Nancy Pelosi, he's, Biden, Chris Kofinis, Harris —, Jennifer O'Malley Dillon, that’s, Megyn Kelly, podcaster Joe Rogan, Robert F, Kennedy Jr, Kennedy, we’re, , won’t, Larry Krasner, We’re, Matthew Bartlett Organizations: NBC, Trump, Pittsburgh, Democratic, Reading, Nebraska's, Congressional, U.S . Capitol, Republican Locations: Philadelphia, City, Raleigh , North Carolina, Grand Rapids , Michigan, North Carolina, Pennsylvania, Pittsburgh, Raleigh, Mexico, U.S, Michigan, Arizona, Georgia, Wisconsin, Nevada, Georgia , North Carolina, , Cobb County, Atlanta
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTD Cowen breaks down what investors should watch for in the presidential electionChris Krueger, TD Cowen managing director, joins 'Power Lunch' to discuss the markets could respond depending on the election outcome.
Persons: Cowen, Chris Krueger, TD Cowen
Fast food chains say they're locked in a "value war" to win increasingly choosy US customers. As a flurry of summer deals come to an end, quick-serve chains say they're now locked in a "value war" to win increasingly choosy US customers. Between higher ingredient usage and other costs on the one hand, and a more competitive consumer economy, interim CEO Scott Boatwright said Chipotle was well-positioned to win the "value war" in fast-casual dining. "We absolutely believe that value in an environment of value-seeking consumers is not about only executing price-pointed promotions and value deals and value bundles — there's more to that." Plosch added that beyond the burger chain's creative promotions, the core menu remains essential to getting customers to come back.
Persons: , Michael Zuccaro, Chipotle, Scott Boatwright, Brian Niccol, who's, we've, Alex Kaleida, Chris Kempczinski, Kempczinski, Ian Borden, Shack, Robert Lynch, Gunther Plosch Organizations: Service, Starbucks
Fast-food chains and retailers are using loyalty programs to drive sales amid inflation challenges. AdvertisementRetailers and fast-food chains are leaning into loyalty programs to drive sales. Starbucks' loyalty program is also growing. AdvertisementThe power lies in the perksHowever, a good loyalty program should be about more than just the points. Advertisement"In a marketplace where choices are endless, a strong loyalty program doesn't just retain customers, it also builds a relationship that feels personal and valuable," she said.
Persons: , McDonald's, Chris Kempczinski, Kempczinski, It's, Laxman Narasimhan, Paschal, Lindsey Wasson, Burger, Kevin Shahnazari, Zsuzsa Kecsmar, Zarina Stanford, doesn't, Kecsmar Organizations: Service, Global, Starbucks, Costco, AP, KFC, Burger King, Nike Locations: Colorado
CNN —Georgia Secretary of State Brad Raffensperger on Thursday said the state had been targeted by election disinformation, pointing to a viral video of alleged voter fraud that he suggested could be the result of foreign meddling. Raffensperger, the top election official in the battleground state, said the video was “obviously fake” and was intended to raise illegitimate concerns about Georgia’s voting process. “This is false, and is an example of targeted disinformation we’ve seen this election.”“CISA [Cybersecurity & Infrastructure Security Agency] is currently investigating,” Raffensperger said. “In the meantime, we ask Elon Musk and the leadership of other social media platforms to take this down. Those doing so are acting to further the efforts of America’s enemies and undermine the security of our nation.
Persons: Brad Raffensperger, Kamala Harris, Raffensperger, , ” Raffensperger, , Elon Musk, Chris Krebs, Amy Kremer, ” Gabriel Sterling, Kremer, ” Sterling Organizations: CNN, Georgia, Infrastructure Security Agency, Twitter, Republican National Committee Locations: Haitian, Georgia
At the event, comedian Tony Hinchcliffe called Puerto Rico “a floating island of garbage.” He also made crude, offensive and racist comments about Latinos and Black people. On Tuesday, during a video call for Latino voter outreach, Biden defended the Puerto Rican community and appeared to criticize either Trump supporters or Hinchcliffe. “And just the other day, a speaker at his rally called Puerto Rico a ‘floating island of garbage,’” read the White House transcript. The comments at that rally don’t reflect who we are as a nation,” he wrote. In an interview with Fox News this month, host Bret Baier asked Harris whether she thought Trump supporters were “stupid.”“Oh, God.
Persons: Joe Biden, Donald Trump’s, Tony Hinchcliffe, Biden, , ” Biden, It’s, we’ve, Andrew Bates, Trump, Hinchcliffe’s, , Kamala Harris, ” Harris, Harris, Chris LaCivita, Harris “, Sen, JD Vance, Marco Rubio, Rubio, ” Trump, Hillary Clinton’s, Josh Shapiro, It's, Donald Trump, Bret Baier, Chris Kofinis Organizations: WASHINGTON, Puerto, Trump, Puerto Rico spewed, U.S, Capitol, Democratic Pennsylvania Gov, CNN, Fox News, Democratic Locations: Puerto Rico, Puerto Rican, Madison, Delaware, Puerto, Washington, America, American, Ohio, Allentown , Pennsylvania, Pennsylvania
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI view Kamala Harris as a moderate Democrat, says former Facebook general counsel Chris KellyChris Kelly, Kelly Investments founder and former Facebook general counsel and chief privacy officer, joins 'Squawk Box' to discuss Silicon Valley's split in politics, his support for Vice President Kamala Harris,
Persons: Kamala Harris, Chris Kelly Chris Kelly, Kelly Organizations: Kelly Investments
NEW YORK — Anthony Volpe’s jersey was caked in dirt as he fielded grounders at shortstop before the ninth inning of Game 4 of the World Series. The New York Yankees were on the brink of a victory that would keep their season alive. He launched a go-ahead grand slam in the third inning, giving the Yankees a 5-2 lead over the Los Angeles Dodgers. “Definitely number one.”Yankee Stadium hadn’t erupted like it did Tuesday in 15 years, not since Game 6 of the 2009 World Series. And perhaps, if they’re lucky, they’ll one day recount how that grand slam led to baseball immortality.
Persons: Anthony Volpe’s, grounders, Volpe, Derek Jeter, Volpe’s, Mickey Mantle, , ” Volpe, Jeter, Olivia, Anthony Volpe, Sarah Stier, ” Austin Wells, Wells, Los Angeles, , we’re, Jazz Chisholm, David Ortiz, Big Papi, ” Volpe chuckled Organizations: New York Yankees, Yankees, pushcart, Los Angeles Dodgers, Yankee, Dodgers, Los, Netflix, Red Sox, Fox, Boston, New Locations: New York, Italy, Manhattan
CNN —Chipotle customers have complained that portion sizes are all over the map. Frustrated Chipotle customers took to posting on social media this year, accusing the company of skimping on servings. He added that about 10% of stores were outliers in portion sizes and would be re-trained. Chipotle employees were never directed to serve customers less, Niccol said, but the claims prompted a reevaluation of the entire system. He said there’s a been a noticeable shift from previous unhappiness and customers are “really excited” about Chipotle’s new portion sizes.
Persons: Scott Boatwright, Chipotle, Chris Kempczinski, pico de, Brian Niccol, Niccol, Organizations: CNN, , Employees, New, Starbucks Locations: skimping, Wells, New York City, portioning
Despite a difficult quarter, McDonald’s looks resilient in the face of various pressures, analysts say — something the company shares with U.S. consumers overall. “The spotlight is always on McDonald’s because it’s so big” and something of a “bellwether,” she said. That spurred former President Donald Trump to sling fries this month at a Philadelphia-area McDonald’s in a photo op. Like many major brands, McDonald’s raked in big profits as the economy reopened from the pandemic. “The thing that McDonald’s had struggled with, and why I think we’re seeing kind of an inflection point, is a value proposition,” Senatore said.
Persons: McDonald’s, Mickey D’s, Chris Kempczinski, Kempczinski, Gordon Haskett, ” Kempczinski, Ravi Dhar, , Sara Senatore, Kamala Harris, Donald Trump, Mickey D’s ’, Senatore, they’d, , Eric Thayer, ” Senatore, Sam Oches, Oches, , , Jim Salera, Stephens, Jack Kleinhenz, hasn’t, “ They’re, ” Oches Organizations: U.S, Yale University’s Center, Bank of America, Bloomberg, Getty, Coca, Walmart, Target, Walgreens, JetBlue, Democratic, National Retail, JPMorgan Locations: U.S, Philadelphia, Connecticut, Amazon
McDonald's executives say E. coli outbreak is 'behind us'
  + stars: | 2024-10-29 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +3 min
A week after health authorities publicly linked a deadly E. coli outbreak to McDonald's Quarter Pounder burgers, the company's CEO, Chris Kempczinski, told investors that the situation is now behind them. On Sunday, McDonald's said Quarter Pounder burgers would return to the roughly 900 restaurants where the company had pulled the menu item following the outbreak. McDonald's has stopped sourcing onions from the supplier indefinitely and will return the Quarter Pounder to menus sans slivered onions. As of Friday, 75 health cases across 13 states have been tied to the outbreak, including one death of an older adult. At least three lawsuits have already been filed against McDonald's by victims of the outbreak.
Persons: Chris Kempczinski, we've, Kempczinski, McDonald's, Ian Borden, Borden Organizations: and Drug Administration
McDonald's global sales fell for the second consecutive quarter, down 1.5%. AdvertisementGlobal sales at McDonald's have fallen for a second consecutive quarter as the fast-food chain struggled in international markets, especially France, the UK, China, and the Middle East. Sales were down 1.5% in its third quarter, following from a 1% slide in the previous quarter, ending June 30. Comparable sales in the US were virtually flat, up 0.3% from the same period in 2023, while sales in international markets dropped 2.1%. Sales in licensed international markets fell 3.5%.
Persons: , Chris Kempczinski, Neil Saunders Organizations: Service, Consumers Locations: France, China, McDonald's
McDonald's says daily sales took a hit as some customers avoided its restaurants during the E. coli outbreak. AdvertisementA number of McDonald's US customers stayed away from the arches last week as news of the E. coli outbreak spread. The company said Tuesday that daily sales took a hit as customers avoided its restaurants during the health scare. Related storiesOver the weekend, health officials linked the outbreak to slivered onions from a single supplier, an ingredient ordinarily used on McDonald's Quarter Pounder burgers. McDonald's began resuming sales of Quarter Pounders in the affected areas this week, although some locations will not serve the entrée with onions.
Persons: McDonald's, , Ian Borden, Chris Kempczinski, Borden, Kempczinski, we've Organizations: Service Locations: Colorado
McDonald's on Tuesday reported quarterly earnings and revenue that beat analysts' expectations as its U.S. restaurants reversed last quarter's same-store sales decline. It's the second straight quarter that the company's same-store sales have fallen. U.S. same-store sales rose 0.3%, reversing last quarter's same-store sales declines but still slightly weaker than the 0.5% increase predicted by StreetAccount estimates. The company's two international divisions both reported steeper declines in same-store sales compared with the prior quarter. The international developmental licensed markets division reported same-store sales declines of 3.5%, driven by weak demand in the Middle East and China.
Persons: McDonald's, Ian Borden, Chris Kempczinski, Kempczinski Organizations: Health, LSEG Locations: France, Germany, Australia, East, China
But in reality, the Yankees’ embarrassing performance in the World Series is a systemwide breakdown. They’re not getting away with it against the Los Angeles Dodgers in the World Series. It’s been a rough World Series for the Yankees’ Jazz Chisholm and Aaron Judge. And the Yankees actually should be capable of winning one with the Dodgers planning a bullpen game Tuesday night. Defensive miscues by right fielder Juan Soto and second baseman Gleyber Torres haunted the Yankees in Game 1.
Persons: Aaron Judge, They’re, It’s, Juan Soto, Soto, Aaron Boone, Brian Cashman, Jack Flaherty, Tommy Edman, Michael Kopech, Chisholm, Mark Leiter Jr, Flaherty, Jazz Chisholm, Wendell Cruz, Babe Ruth, Yogi Berra, Reggie Jackson, Derek Jeter, Judge, Shohei, , Chris Kirschner, I’m, Dave Roberts, Clarke Schmidt, Freddie Freeman, Alex Verdugo, Verdugo, it’s, we’re, , let’s, Gleyber Torres, Vincent Carchietta, Teoscar Hernández, Freeman, Carlos Rodón, Walker Buehler, Edman, Mookie Betts, Giancarlo Stanton, Gerrit Cole, we’ve, Dustin Satloff Organizations: Yankees, American League, Kansas City Royals, Cleveland Guardians, AL Central, Los Angeles Dodgers, Dodgers, NL, San Diego Padres, New York Mets, Philadelphia Phillies, Milwaukee Brewers, AL, Royals, Guardians, Force Locations: Los Angeles
New York CNN —Even for a brand as gargantuan as McDonald’s, the last few months have been… a lot. The timing of the outbreak is especially challenging for McDonald’s as it has been trying to win back customers who’ve been put off by higher prices. Over the summer McDonald’s did an about face to try to win people back. “It had been a pretty strong quarter.”And absent the E. coli outbreak, Tuesday’s earnings call might have been all about the value menu and the Crocs. The length and severity of the outbreak is now a wild card for analysts as they assess McDonald’s financial future.
Persons: CNN Business ’, Chris Gaulke, Cornell University’s Nolan, who’ve, Chris Kempczinski, McDonald’s, They’ve, ” RJ Hottovy, it’s, ” Hottovy, “ McDonald’s, McDonald’s didn’t, “ We’ve, Sara Senatore, Chipotle, ” Senatore, , , Wendy’s Organizations: CNN Business, New York CNN, shimmer, New York Mets, Cornell University’s, Cornell University’s Nolan School of Hotel Administration, Associated Press, Colorado Department of Agriculture, Bank of America, Wendy’s Locations: New York
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