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cover of episode McDonald's Stock Tumbles After E. coli Outbreak & Retailers Finally Slash Prices

McDonald's Stock Tumbles After E. coli Outbreak & Retailers Finally Slash Prices

2024/10/23
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Morning Brew Daily

Key Insights

Why is the US economy projected to grow faster than other major economies?

High productivity, rising wages, and significant investment in tech and energy.

Why did McDonald's stock drop after the E. coli outbreak?

Linked to Quarter Pounders, leading to 49 cases, 10 hospitalizations, and one death.

Why are major retailers like Target and Walmart cutting prices?

To win back inflation-weary shoppers ahead of the holiday season.

Why is the discovery of lithium in Arkansas significant?

Could satisfy global EV battery demand, reducing reliance on China.

Why did the FAA change its rule on no smoking sign switches?

United Airlines grounded new planes due to lack of off switches.

Chapters

The NBA season has started, but attending a game in person can be expensive, especially when it comes to beer prices.
  • Average price for a 16-ounce beer at an NBA game is $12.57.
  • Boston Celtics have the highest beer price at $20.32, while Cleveland Cavaliers offer the lowest at $5.91.

Shownotes Transcript

Episode 437: Neal and Toby talk about the IMF’s recent report that puts the US at the top when it comes to global economic productivity, thanks to a healthy dose of tech and energy investments. Then, McDonald’s deals with a PR crisis as an e.coli outbreak is linked to one of its beloved menu items. Also, Target, Walmart, and other major retailers are rolling back prices to win back inflation-scarred shoppers – just in time for holidays, of course. Plus, researchers have found Arkansas is sitting on a massive lithium repository. Meanwhile, the FAA finally changed an antiquated rule that required an off switch for the ‘No Smoking’ sign on planes. Lastly, the last-minute news to catch up on.

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00:00 - NBA Beer Prices

02:15 - IMF US Economy Report 

07:40 - McDonald’s E. Coli Outbreak 

11:50 - Retailers cutting Prices

16:00 - Arkansas Lithium 

19:45 - FAA and No Smoking Signs 

23:15 - News Headlines

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