Show notes
- US equity markets declined as crude prices and global bond yields resumed their march higher – Dow fell -352-points or -0.68%. McDonald’s Corp dropped -4.81% after announcing plans for its own media network, pricey restaurant upgrades/remodelling and ways to win over GLP-1 users during an investor presentation at its Chicago headquarters. In June, the company unveiled its newest growth strategy, McDonald’s > NEXT. However, until last night executives had offered few details about how they would implement the plan and how it may affect its financial results over the coming years. McDonald’s aims to win over more diners at a time the company expects inflation and flat traffic to restaurants overall will persist, CEO Chris Kempczinski told CNBC. The four (4) ‘Magnificent Seven’ members in the Dow all declined, with Alphabet Inc down -3.8%, Amazon.com Inc -2.24%, Apple Inc -0.8% and NVIDIA Corp -1.47%.