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What you need to know about McDonald’s E. coli outbreak
  + stars: | 2024-10-23 | by ( ) edition.cnn.com   time to read: 1 min
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There's a common belief that lower borrowing costs benefit so-called growth stocks, as they're often capital-intensive. "History also suggests value should outperform growth, at least over the six months following the first rate cut," he said. If the economic situation becomes a "hard-landing," however, he said that growth stocks could outperform. If it normalizes (i.e., becomes more upward sloping), value should outperform growth," he said, referring to a situation where short-term rates are lower than long-term rates. "Lower multiple value stocks have greater upside and less risk than the pricier 'glamor growth' group for the foreseeable future," Ball said.
Persons: Adam Turnquist, Savita Subramanian, CNBC's, we've, Janjigian, Vanguard Russell, Venu Krishna, George Ball, Sanders Morris, Ball Organizations: U.S, Tech, CNBC Pro, LPL, BofA Securities, Greenwich Wealth Management, Vanguard, Index, Barclays, Krishna, Presidential Locations: U.S . Federal
CNN —An E. coli outbreak linked to McDonald’s Quarter Pounders has led to at least 49 illnesses across 10 states, including one death. Diced onions and other types of beef patties used at McDonald’s have not been implicated in this outbreak, the FDA said. E. coli infections can be seriousEscherichia coli, or E. coli, is a common bacteria, but certain types can make you sick. People with E. coli infections may have symptoms including severe stomach cramps, diarrhea, fever and vomiting. A few illnesses, including E. coli infections, are well above federal targets for reducing foodborne illness.
Persons: Sysco, Taylor, , Burger, Joe Erlinger, Erlinger, ” McDonald’s, Dr, Sanjay Gupta, Listeria, Boar’s, BrucePac, Nadia Kounang, Carma Hassan, Brenda Goodman, Meg Tirrell Organizations: CNN, US Centers for Disease Control, Food and Drug Administration, CDC, FDA, Taylor Farms, Foods, Taco Bell, KFC, Brands, Burger King, Taylor, McDonald’s, USA, CNN Health Locations: – Colorado , Kansas , Utah, Wyoming, Idaho , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico, Oklahoma, Taylor Farms Colorado, Burger, ’ Colorado, Colorado and Nebraska, Iowa , Kansas , Missouri, Montana , Oregon , Utah , Wisconsin, McDonald’s
McDonald's shared more insights Wednesday into its investigation into a deadly E. coli outbreak. McDonald's said early indicators suggest slivered onions as a likely potential containment, but it couldn't rule out fresh beef. Two ingredients — the slivered onions and fresh beef patties — are being examined as potential sources of contamination. The Chipotle cases involved the handling and preparation of food in restaurants, McDonald's executives said. McDonald's said the slivered onions sold at affected restaurants come from a single supplier and are served raw on the sandwich.
Persons: McDonald's, Chipotle, , they're, Joe Erlinger, coli, Dominick Organizations: Executives, Service, CDC, NBC, McDonald's, FDA, Business Locations: McDonald's USA
As industries increasingly rely on real-time AI models, Akamai's infrastructure offers both speed and enhanced security by processing data closer to users. This technological edge, combined with the company's attractive valuation, offers substantial upside potential, with recent market activity reflecting growing investor interest in its AI-driven growth opportunities. AKAM has formed a classic bottoming pattern over the past few months and is now breaking above a major resistance level at $102.50. AI models distributed on Akamai's extensive edge computing network provide significant upside potential, especially as demand for low-latency AI solutions increases across various industries. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: AKAM, Zhang Organizations: Akamai Technologies, CNBC, NBC UNIVERSAL Locations: AKAM
Canaccord Genuity is hiring the former WPP dealmaker Lance Maerov to work on ad and media M&A. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Canadian investment bank Canaccord Genuity is hiring a former top dealmaker at the advertising giant WPP for its advertising and media mergers-and-acquisitions practice, Business Insider can exclusively reveal. Canaccord Genuity didn't respond to requests for comment.
Persons: Lance Maerov, , Genuity, It's, IPG, Martin Sorrell, Maerov, Sorrell, Mark Read, Andrew Scott, Weinstein, Harvey Weinstein Organizations: WPP, Service, Madison, Mars United Commerce, Publicis Groupe, Verve, Jun, Epsilon, Street, Nike, Tata Consultancy Services, Street Journal, Real Media, Weinstein Co, Vice Media Locations: British
Victims of the E. coli outbreak linked to McDonald's are preparing to sue. A top food safety attorney told BI that his phones have been "ringing off the hook." AdvertisementVictims who have been sickened in connection to the deadly E. coli outbreak linked to McDonald's famed Quarter Pounders are already lawyering up. AdvertisementThe lawsuit, which alleges negligence by McDonald's, says that health investigators confirmed Stelly was part of the E. coli outbreak linked to McDonalds. Related storiesIn a statement, Simon said the McDonald's-related E. coli outbreak "will be one of the most significant food poisoning outbreaks this year."
Persons: , Ron Simon, Simon, Eric Stelly, Stelly, Meyers, McDonald's, Simon — Organizations: Service, Associates, McDonalds, McDonalds . Representatives, Boar's, Disease Control, Prevention, CDC Locations: Houston , Texas, Colorado, Greeley, McDonalds ., Colorado and Nebraska
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. Investors on Wednesday were focused on big news involving two Dow Jones Industrial Average components: Boeing and McDonald's. The current bull market and how much more stocks can continue to rally was also on investors' minds. McDonald's E. coli outbreak, Boeing earnings McDonald's shares were lower and the primary drag on Dow futures after an E-coli outbreak linked to Quarter Pounders that has killed one person and lead to dozens being hospitalized.
Persons: Sara Senatore, Senatore, Kelly Ortberg, Phil Lebeau, Tony Bancroft, , Ortberg, Piper, Craig Johnson, Piper Sandler, Johnson Organizations: PRO, Worldwide, Dow Jones, Boeing, Dow, Bank of America, New, CNBC, Gabelli, Aerospace, Defense, Federal Aviation Administration, Max Jets, Piper, Marvell, Scotts Miracle, Gro Locations: Corning, Illumina
New York CNN —Starbucks’ new CEO Brian Niccol has a Herculean task in front of him to change the dire state of affairs that the world’s largest coffee chain is currently brewing in. Surprising Wall Street, the company unexpectedly released its preliminary earnings report Tuesday evening, revealing sales fell – sharply – for the third consecutive quarter. As a result, Starbucks (SBUX) took the extraordinary step of suspending its financial guidance for the rest of the year. Under Niccol, Starbucks is also shifting away from targeting its rewards program members to advertising to attract all customers. Starbucks’ full earnings will be released on October 30.
Persons: Brian Niccol, Niccol, , I’ve, we’ve, ” Niccol Organizations: New, New York CNN, Starbucks, Global Locations: New York, United States, China
Inspired by successful e-commerce entrepreneurs, I decided to try my hand at selling on Amazon. I set a budget of $5,000, enough to launch something basic and an amount I was comfortable losing. These conversations got me thinking: Is starting a profitable Amazon business … simple? We'd been toying with the idea of starting an e-commerce business since the spring of 2023, when I mentioned one of the Amazon stories I was working on. Double the founders would mean not only double the budget but double the skillset and the network.
Persons: , Shan Shan Fu, Joe Reeves, Fu, Reeves, I'd, wasn't, we'd, We'd Organizations: Service, Venice Locations: Los Angeles, New York City
Investors have been increasingly on edge about the prospect of former President Donald Trump winning the election, a possibility for which Wall Street has been preparing to a greater extent. While polls remain effectively dead-even, Trump’s prospects have grown since the start of this month in political betting markets. The tech-heavy Nasdaq Composite led the decline, ending the day down by 1.6%; while the S&P 500 and Dow both fell about 1%. Recent strong economic data has led traders to question whether the central bank might maintain higher rates for longer than anticipated. The current market environment suggests continued volatility ahead, said Torres, warning of the potential for further yield curve steepening and increased market turbulence ahead.
Persons: Donald Trump, Trump, ” Steven Ricchiuto, Kamala Harris, Dow, , José Torres, McDonald’s, Kelly Ortberg, Torres Organizations: New, New York CNN, Mizuho Securities, Treasury, Nasdaq, Dow, Interactive Brokers, Nvidia, Apple, Boeing, Federal Locations: New York, United States
The stakes are high for Tesla when the electric vehicle giant reports results after the bell Wednesday. Analysts polled by LSEG expect the company to report earnings of 58 cents per share on $25.37 billion in revenue. The company posted adjusted earnings per share of 52 cents and revenue of $25.50 billion last quarter . Stakes are even higher for the company following an underwhelming robotaxi event earlier this month that failed to impress Wall Street analysts and investors hopeful for a turnaround. He retained an equal weight rating and $220 price target, implying shares will trade in a range from here.
Persons: Li, Ryan Brinkman, Piper Sandler, Alexander Potter, Potter, Cantor Fitzgerald's Andres Sheppard, Sheppard, Dan Levy, Jefferies, Philippe Houchois, Tesla Organizations: Tesla, LSEG, EV, Li Auto, Wall Street, Barclays Locations: China
The Centers for Disease Control and Prevention told McDonald's late last week about a potential link to an E. coli outbreak, company spokespeople said Wednesday. As of Tuesday, the CDC has attributed 49 cases and one fatality across 10 states to the outbreak, which has been linked to McDonald's Quarter Pounder burgers. Roughly a fifth of McDonald's U.S. restaurants are not selling Quarter Pounder burgers at this time. The fast-food chain issued a statement on the outbreak Tuesday evening, shortly after the CDC issued its advisory. Over a two-week period, McDonald's typically sells roughly one million Quarter Pounders in the affected region, the company spokespeople said.
Persons: McDonald's, spokespeople, Cesar Pina Organizations: Disease Control, CDC, U.S . Department of Agriculture, U.S . Food, Drug Administration, McDonald's, North Locations: U.S, McDonald's U.S, Colorado , Kansas , Utah , Wyoming
New York CNN —A day after an E. coli outbreak tied to Quarter Pounders in the western part of the United States left one dead and 10 hospitalized, McDonald’s entered full damage-control mode. “We are very confident that you can go to McDonald’s and enjoy our classics,” McDonald’s USA President Joe Erlinger said on NBC’s “Today” Wednesday. Most of the illnesses are in Colorado and Nebraska, and most of the people who fell ill ate Quarter Pounders at McDonald’s. “If there has been contaminated product within our supply chain, it’s very likely worked itself through that supply chain already.”McDonald’s (MCD) stock fell more than 5% at Wednesday — its worst day since the March 2020 Covid lockdown. Chipotle’s outbreak is the worst-case scenario for any restaurant chain, and McDonald’s E. coli situation appears to be limited, at least for now, to a supply issue.
Persons: McDonald’s, Joe Erlinger, , ” Erlinger, , Chipotle’s, Chipotle, Brian Niccol, Niccol, we’ll, Morgan Spurlock’s Organizations: New, New York CNN, , Centers for Disease Control, US Food and Drug Administration, Starbucks, CDC, American Museum of Tort Locations: New York, United States, McDonald’s, Colorado and Nebraska
McDonald's Quarter Pounders have been linked to an E. coli outbreak in several states, the CDC said. AdvertisementA deadly E. Coli outbreak has been linked to the McDonald's Quarter Pounder. Chipotle's recovery may also have hinged on expanding the business in areas unrelated to food safety. In addition to removing any affected items from the menu, McDonald's should also communicate clearly with its customers throughout the process, Leung said. Advertisement"Clear messaging about the steps being taken to ensure food safety is vital.
Persons: McDonald's, , Jon Tower, Wendy's, James Marsden, Chipotle, Steve Ells, Brian Niccol, Niccol, Sara Senatore, Bernstein, romaine, Alexandra Leung, Leung Organizations: CDC, Service, Centers for Disease Control, Prevention, Citigroup, Kansas State University, Starbucks, Taco Bell, New York Times, Times Locations: Singapore, Hong Kong
[As in] ‘You’re not paying your bills!” said Steven Rubin, a certified elder law attorney and partner at Drazen Rubin. Why having a customized power of attorney is beneficialIt’s easy enough to download a standard power of attorney form from the internet. But that doesn’t mean the elderly person, if cognitively able, can’t also maintain control over their finances. Other ways to help a loved one avoid financial pitfallsHaving powers of attorney is the most comprehensive way for you to address potential problems with your loved one’s financial behaviors or spot if they’re being scammed. If scammers have been calling frequently, you might consider changing your loved one’s phone number, if you have powers of attorney, Rubin said.
Persons: , Judith Flynn, , doesn’t, Jonathan Canick, ” Canick, ‘ You’re, Steven Rubin, Drazen Rubin, Rubin, you’ve, Flynn, that’s, cognitively, can’t, “ It’s, ” Flynn, It’s, parent’s “, won’t Organizations: CNN, Research, Falco & Associates, National Academy of Elder, Consumer Financial, Bureau, Facebook, National Institute, Aging
Coca-Cola CEO James Quincey said the company doesn't expect an E. coli outbreak linked to McDonald's to hurt the beverage company's sales. McDonald's is Coke's largest restaurant customer, and the two companies' symbiotic relationship has existed for nearly seven decades. On Tuesday, the Centers for Disease Control and Prevention announced that it has linked an E. coli outbreak in 10 states to McDonald's Quarter Pounder burgers. Both ingredients are unique to the Quarter Pounder burgers, although cooking the patty at the correct internal temperature should kill the bacteria. The outbreak comes as consumers broadly have been spending less at restaurants, hurting both McDonald's and Coke.
Persons: James Quincey, Quincey, McDonald's, Coke, it's, Joe Erlinger Organizations: Cola, Olympic Committee, China Mengniu Dairy, International Olympic Committee, CNBC, Centers for Disease Control, Prevention, CDC Locations: China, SwissTech, Lausanne, Colorado , Kansas , Utah, Wyoming, McDonald's, Coke
But a group of e-cigarette users are suddenly finding themselves with a little extra cash, thanks to a massive class action settlement involving one of America's tobacco giants. In online forums and on social media this week, users of Juul Labs nicotine products have been posting screenshots of online deposits for hundreds and sometimes thousands of dollars that they now have access to. Juul agreed to a settlement in 2022, but the Altria settlement, which was needed to kickstart payouts, was not approved until earlier this year. And it was only this month that claims for the approximately 842,000 eligible Juul customers began to be verified. Vaping remains mired in controversy in the U.S., as e-cigarette companies and federal regulators continue to haggle over the products’ health effects and marketing guardrails.
Persons: Juul, Altria, Vaping Organizations: Food and Drug Administration Locations: Juul, U.S
— A federal judge heard arguments at a hearing Monday on whether he should temporarily block a new Louisiana law that requires the Ten Commandments to be displayed in every public school classroom by Jan. 1. In June, the GOP presidential candidate posted on his social media network: “I LOVE THE TEN COMMANDMENTS IN PUBLIC SCHOOLS, PRIVATE SCHOOLS, AND MANY OTHER PLACES, FOR THAT MATTER. ?”Louisiana’s legislation applies to all public school K-12 and state-funded university classrooms. Tens of thousands of posters will likely be needed to satisfy the new law since e Louisiana has more than 1,300 public schools. Louisiana State University has nearly 1,000 classrooms at the Baton Rouge campus alone.
Persons: Jan, Steven Green, Green, Thomas Jefferson, James Madison, Liz Murrill, , , John W, deGravelles, Donald Trump . Organizations: Willamette University, Constitution, District, GOP, AS, Louisiana State University, Baton Locations: BATON ROUGE, La, , Louisiana, . Louisiana, Oregon, Independence, U.S, Florida
The “blue wall” states of Wisconsin, Michigan and Pennsylvania have paved the path to the White House for the last two Democratic presidents. Recent discussions have centered on the possibility of an anomaly happening this year with just part of the blue wall breaking its way. “We absolutely are competing to win Michigan,” Harris campaign spokeswoman Lauren Hitt said, noting Harris’ presence there this week. The blue wall states have been pivotal to elect presidents in the last several elections. “Those three, the blue wall states, almost always stay together, but this year it’s an extraordinarily tight race.
Persons: Kamala Harris ’, , Donald Trump, Harris, Trump, , , ” Harris, Lauren Hitt, Mark Robinson’s, Josh Stein, Joe Biden, Biden, Dan Kanninen, Helene, Barack Obama, Hillary Clinton, Harris ’, Michael Dukakis, Tad Devine, Devine, Elissa Slotkin, Dane County, Tim Walz, Obama, Bill Clinton, Matt Baretto, Republicans —, ” Baretto Organizations: White House, Democratic, Pennsylvania, White, Detroit News, Washington Post, Michigan, Trump, Republican, Republicans, Wisconsin, Biden, Democrats Locations: Wisconsin , Michigan, Pennsylvania, Michigan, Wisconsin, North Carolina, Nevada, Hurricane, Arizona , Nevada, Georgia, Nevada , Arizona, Arizona, Gaza, In Wisconsin, Dane, Milwaukee
CNN —Bruce Springsteen is making it a point to soak in every single moment by his wife Patti Scialfa’s side. The Boss spoke about how his perspective on life has evolved in recent years following Scialfa’s cancer diagnosis while appearing at a panel for his documentary “Road Diary: Bruce Springsteen and the E Street Band” in Los Angeles on Monday, according to People. In the film, Scialfa identified her cancer as multiple myeloma, a form of blood cancer that doesn’t always require immediate treatment, according to the Mayo Clinic. “If the multiple myeloma is slow growing and isn’t causing symptoms, close watching might be the first step. For people with multiple myeloma who need treatment, there are a number of ways to help control the disease,” the organization’s website states.
Persons: CNN — Bruce Springsteen, Patti Scialfa’s, Bruce Springsteen, ” Springsteen, “ Patti, ” Scialfa, Bruce Springsteen’s, Scialfa, doesn’t, Springsteen, hadn’t Organizations: CNN, Toronto Film, Mayo Clinic, ABC News, Hulu Locations: Los Angeles
Here are Tuesday's biggest calls on Wall Street: Loop initiates AppLovin as buy Loop said the software publisher is an "indispensable infrastructure for the mobile gaming industry." Citi upgrades First Solar to buy from neutral Citi said the solar company is a winner no matter who wins the election. KeyBanc initiates Zeta Global as overweight KeyBanc said the marketing software company has an attractive platform. Stifel initiates Braze as buy Stifel said the software company is best positioned. Stifel initiates Klaviyo as buy Stifel said it is bullish on the software company.
Persons: Bernstein, Mizuho, Jefferies, Tesla, Morgan Stanley, Apple, Meta, Redburn, KeyBanc, Stifel, Disney, JPMorgan downgrades Hertz, Itron Organizations: Costco, Walmart, omni, Citi, Democratic, Republican, Cadence, Apple, LT, Microsoft, " Bank of America, Meta, Bank of America, Zeta Global, ZETA, Disney, JPMorgan, Hertz Global Holdings, Jefferies, Guggenheim
The 1980 Mercedes was previously owned by famed actress Lauren Bacall, for instance, and one of the watches belonged to Giuliani's grandfather. Another watch was gifted to Giuliani by the president of France after the Sept. 11, 2001, terrorist attacks, when Giuliani was mayor of New York City. Giuliani repeatedly targeted the two women with false election fraud claims as part of his efforts to overturn Trump's loss to President Joe Biden in the 2020 election. Giuliani filed a Chapter 11 bankruptcy petition to shield himself from sudden financial ruin, but a New York federal bankruptcy judge dismissed his case. Attorneys for Freeman and Moss had noted in a previous court filing that, "Before filing for bankruptcy, Mr. Giuliani had listed the New York Apartment for $5.7 million."
Persons: Rudy Giuliani, Donald Trump, Barrett Prettyman, Joe DiMaggio, Reggie Jackson, Mercedes, Lauren Bacall, Giuliani, Ruby Freeman, Lewis Liman, Joe Biden, Freeman, Moss, Liman, tony Upper Organizations: Washington , DC, Benz, Yankees, Washington , D.C, U.S ., Appeals, Circuit, Republican National Committee Locations: Washington ,, Manhattan, France, New York City, Georgia, Moss, New York, U.S, Side, Palm Beach , Florida
Founders of women's health startups feel doubly invested in this election, one of the closest presidential races of the century. They said another Trump victory creates uncertainty for reproductive health startups, from period trackers to online abortion clinics to embryo banks. For startup Julie, the legal status of emergency contraception is the "million dollar question of this election," said Amanda E/J Morrison. Trump's waffling on reproductive rights has put founders of women's health startups on notice. For some founders of women's health startups, this election is more than a political contest; it has ramifications for their livelihoods.
Persons: Julie, Amanda E, J Morrison, Morrison, Lily, Trump, We're, , Kamala Harris, Trish Costello, Mika Eddy, Eddy, Samuel Corum, Jane, Roe, Wade, Hey Jane, Carli Sapir, Sapir, Donald Trump, Mark Wilson, Flo, Deena Shakir, Lauren Berson Sugarman, Berson, Alice Zheng, Zheng, Julie's, Dobbs, TikTok influencers, Julie swag, Julie Julie's, It's, Melia Russell, Rebecca Torrence Organizations: Suffolk University, Trump, Getty, Amboy Ventures, White, Lux Capital, Maven, Sciences, Vitra Labs, Investors, Walmart, JAMA, Business Locations: New York, Boston, Texas, California, we're, Roe America, Alabama
Here are some of the ways Bank of America analysts think the upcoming election results could affect the stock market. Harris presidency, split government A victory for Democratic candidate Kamala Harris in the White House, plus a Republican-controlled Congress, could be "the best outcome" for online media companies, according to Bank of America analyst Justin Post. He noted that Harris is likely to enforce a potential ban on TikTok — which could boost Meta Platforms and Snapchat . Trump president, split government A win for Republican candidate Donald Trump and a split government would be the best-case scenario for bank stocks, per analyst Ebrahim Poonawala. On the other hand, a Trump presidency would be viewed positively by gig-economy companies, including Uber and Lyft, according to analyst Post.
Persons: , Harris, Kamala Harris, Justin Post, Lorraine Hutchinson, Donald Trump's, , Athletica, Joanna Gajuk, Gajuk, Jessica Reif Ehrlich, Ehrlich, Jason Kupferberg, Kupferberg, Dick Durbin's, Donald Trump, Ebrahim Poonawala, Poonawala, Republicans —, Dimple, Trump, Uber, Craig Siegenthaler, Siegenthaler, Rafe Jadrosich, Trump's, — CNBC's Michael Bloom Organizations: White, Bank of America, of America, Democratic, Republican, Democrat, Department of Justice, Eagle Outfitters, Urban Outfitters ., Health, Tenet Healthcare, Universal Health Services, Democrats, Agilon, Humana, Big Tech, House, Trump, Republicans, Oscar Health, Centene, GOP, Securities, Exchange, Entertainment, Packaging Corporation of America, American Eagle Outfitters Locations: Hutchinson, U.S, China, Washington
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