. ~ now, finally, i want to say that it is my pleasure to introduce a new commissioner, eric mcdonald, who is the executive vice president and chief operation officer for united way bay area. and before i ask the commissioner if he'd like to say a few words, i want to tell you that tomorrow he's getting married. (applause) >> with that, welcome, commissioner. >> thank you. thank you very much. it's a pleasure to be here and i'm thrilled by the opportunity to join commissioners and the opportunity to support this great work. i, too, two weeks ago had the opportunity to spend a week at mather and it really was phenomenal. they're doing some amazing work. just a quick side note. while the two lines are successful in moving folks through, there are some folks who are concerned, now there isn't socializing time. when there was a long line, you could take your chance to catch up. now they're moving through. it was all very, very good. and, so, back to the script. thrilled to be here and thrilled to have the opportunity, again, to bring both my knowledge and expertise, interests, and passion

. >> wait a second, if you are talking about mcdonald, the average worker is 28. not teenagers. and second eric y and wayne will have to get in corporate jets to go to mcdonald and send those jobs overseas. that's what wayne is saying. >> no, let's be honest here. one more thing eric, you want us to bring third world wages. >> what are you talking about. >>y corporate jet was built overseas. >> there we go. hearing all about that rich protectinghe rich. >> hold on, guys. leme put it in terms of juan you may understand. victoria secret if they pay 15 or 20 bucks an hour, where are they going to produce the goods. they will produce in china th here? >> and in cas you haven't noticed. american manufacturing is finding it is more attractive than ever to go back to the united states and quality of workers and ease of distribution all helping america. >> and we are missing the concept of if you raise prices and minimum wage you have to raise prices to offset t costs. people will stop purchasing those goods whether at victoria secrets or mcdonalds. people are going to make them at home instead. >> tha

mcdonald's. average age is 28. we're not talking about teenagers. second thing ericyou and waiteders going to have to get in corporate jets to get the mcdonald's hamburger that you think somehow, we're going to send those jobs overseas. that is what wayne is saying. let me tell you one more thing, one more for you eric boling. this to me, is you want us to bring third world wages. >> eric: what are you talking about? hang in there guys. hold on. hold on. >> it would be unleashed. i have to tell you something my corporate jet was built overseas. [ talking over each other ] >> eric: you guys. >> you are protecting the rich. >> eric: let's meet put this in terms juan you may understand. victoria secret if they pay their retail workers $15-20 an hour, where are they going to find the money to produce the goods. they are going overseas and produce them in china rather than here. >> noticed american manufacturing is more attractive than ever to move back to the united states and quality of workers and all ease of distribution. >> we're missing the concept, too, when you ra

eric jump in. i worked at wal-mart i worked i mean it was great as their hands were i'm hearing the talking points from wendy's corporate headquarters or mcdonald's corporate headquarters this is nonsense what type of work experience are you getting in in wendy's the only work experience you might be getting is possibly working up the ladder within wendy's so that you can then become the manager who has to make sure that his staff doesn't walk out in protest over the lack of wages we recently saw here in new york city protests breaking out all across the city at wendy's and k.f.c. and other fast food chains particularly because those workers even more than many other workers in the united states have been exploited for so long never mind the fact that there is no organized labor to speak of within the fast food industry some of these people who have no security no job security no real contracts to speak of no certainly no living wage when they go out in protest demanding the living wage here in new york city for example anything below fifteen dollars an hour is almost unlivable considering the cost of living here so to demand something like a liv

eric jump in. i worked at wal-mart i worked i mean it was a great experience where i'm hearing the talking points from wendy's corporate headquarters or mcdonald's corporate headquarters this is nonsense what type of work experience are you getting in in wendy's the only work experience you might be getting is possibly working up the ladder within wendy's so that you can then become the manager who has to make sure that his staff doesn't walk out in protest over the lack of wages we recently saw here in new york city protests breaking out all across the city at wendy's and k.f.c. and other fast food chains particularly because those workers even more than many other workers in the united states have been exploited for so long never mind the fact that there is no organized labor to speak of within the fast food industry some of these people who have no security no job security no real contracts to speak of no certainly no living wage when they go out in protest demanding the living wage here in new york city for example anything below fifteen dollars an hour is almost unlivable considering the cost of living here so to demand something like a liv

eric johnson. they've been engaged for a long time. they talk about their wedding plans inside the magazine. we thank you "us weekly" for that exclusive. >>> also, mcdonald'sdar burger. burger king, not worried. not with a new fry burger. oh, yes, is right. brand-new menu item, four crispy french fries holding court between the burger and the bun. the fast-food chain has suffered in recent months, but they're hoping the new burger will be a moneymaker. in case you can't put your own fries on your burger. >> what are the french fries? >> they are between your burger and your bun. >> i'm excited about that. >> i'm excited about that. that fry burger is available september 1st and runs through foul. holding court between your burger and your bun. >> thank you, lara. >>> hey, everybody, it's time for the annual gravy wrestling world championships. >> what? this year's gravy gathering attracted over 1500 fans to the town of lancashire. they cheered for their favorite teams. hello. entertainment, they're judged on /* for, fancy dress and fighting. and before the falloff, the gravy is made of a mix of meat juices, chopped up vegetables and corn flour. >> oh, no.

, becky will bring you that mcdonald's knew, watch shares of groupon, the company posted better-than-expected sales and announced a $300 million stock buyback. they named ericsky. >>> another premarket mover, we talked about this before, tesla stocks soaring after the company reported a profit, analysts expected a loss. you can see tesla also delivered far more cars than expected and that stock now up over 15% of the premarket. we will have more on what was a real surprise from those results with paul ingrassia who will talk about this at 8:40. fannie mae's profit is mainly driven by the housing recovery. a lot of people will talk about what the government decided to do and where we stand. the mortgage finance company says it will make a $10.2 dividend payment to the treasury, so taxpayers can be happy about this. the company has been operating under a federal conservatorship since it was seized five years ago now, a month away from the financial crisis. >> let's get a check on the overall markets. we're coming in on a three-day losing streak t. futures are indicating a solid open. the dow futures up about 80 points, s&p and nasdaq higher. when we came in,

consumers told through the registers of mcdonald's, the electronics department with costco where profits are losing some power. >> groupon has a new deal for investors as eric takes over sole ceo and the buyback is the first order of business. >>> surprise quarterly profit leaves tesla's ceo laughing at potential rival bmw's entry into the electric car market. >>> t-mobile dialing up the biggest customer growth in four years. ceo john ledger will join us live in a little bit. >>> but first up as we said, futures are higher today. markets had a crazy couple of weeks here as we've been up six weeks now. sam, we're trying to avoid our -- we're on pace for our -- worst week in seven. and then today, here's the mom and pop paper, usa o"usa today" the 1700 club, all the strategists on the street who has targets at 1700 and above. tom lee just on "squawk" has a picture here on the paper. is that the club you want to be? >> that's a club we're in and i think we're on the right side of the ledger by being in the 1700 club. i remind you that "usa today" had strategists in january of 2012 saying it's time to get into stocks and we certainly had a good run last year. s