do you eat mcdonald's? >> i will have a bunch of relatives over. >> in all seriousness, the minimum wage goes well beyond mcdonald's, and everybody will be affected by this if it comes to pass, and what will the fallout be? let's assume it's at a minimum, and the president's call, $10.10. >> labor costs, it's something like 40% of the total cost as a mcdonald's, if you raise them by 50% you are raising costs so that you are going to get, say, a $6 or whatever big mac, and the big mac is going to cost $7.25, but to call mcdonald's a dirty business, it's outrageous. they serve incredibly good food. i get sick when i eat at the high-end places in manhattan. >> i get sick when i am at the table -- >> i couldn't care if you want to kill yourself, that stuff is bad for you. >> in all seriousness, the argument for this, and i have had a lot of activists coming on, and they argue we will be happy to pay, americans will be happy to pay a little more, and i am looking at what happens to mcdonald's, and walmart warned

mcdonald's new happy meal brand ambassador. fast food giant says brings fun and excitement to kids meals but serves as an ambassador. social media users warned the character would give nightmares. if you put aside the fact the mascot is between happy and creepy. and the food would be inside the giant mouth beyond its big fat tongue. reach in there and grab your burger, kid. the good news for mcdonald's is that controversy will fade. this is what will not blow over. >> we're issuing you a public safety warning to disperse from this area. it's a violation of state and local law. >> protests in 150 u.s. cities by fast food workers seeking better wages, they descended on mcdonald's corporate headquarters to call for a $15 wage and right to form a union. police say 138 people were arrested at the protest for trespassing on mcdonald's corporate campus. protesters returned to the headquarters today as mcdonald's held its annual shareholder meeting where the ceo swatted away concerns saying the company provides jobs that lead to career

they crave mcdonald's yield.s yield like a big mac. you can see this in how the market's reacted to the quarters. april 17th, chipotle reported results that would have sent stocks soaring if they had been reporting -- reported say any time in 2013. but this is a new environment which is why the quarter caused the stock to drop 6% in the single session. first the good. the company posted a phenomenal 13.4% increase in same-store sales. that is much better than the 9% gain we had been expecting. this has been the key metric we cared about for the slow growth period coming out of the great recession. in this market you need more than explosive sales growth. chipotle missed wall street's earnings estimates dramatically because they're investing money to grow the business and huge rise in food costs up 150 basis points to 34.5% of the company's revenue. these guys are getting killed by higher beef, cheese and especially avocado prices. something i know about because i run my own mexican restaurant in brooklyn and my f

mcdonald's posted $5.6 billion in profits last year. we've been striking against the company and 150 cities across the country and now we're taking it directly to the shareholders that they understand this is going to affect their bottom line. > > but mcdonald's is yet to even talk about raising wages... > > you know they what they have said is that they said in their latest sec filings that they recognize the negative effects that the strikes are having on their brand, that they might have to raise wages in order to deal with it so they did acknowledge that something has to give and i think that these protests that are happening tomorrow and thursday are just the latest message for them that they've got to figure out a way to raise pay for the hundreds of thousands of workers. > > mcdonald's is borrowing media but here is what the company is out there saying. this is an important discussion that needs to take into account the highly competitive nature of the industries that employ minimum-wage workers. do you think that this is all it

. >> when five time tony award winner audra mcdonald sings, it's musical joy. ♪ now mcdonald is on broadwaylaying a singer with a very different sound. ♪ >> the pain because she felt so much. >> ahead on "sunday morning," audra mcdonald as billie holiday. >> osgood: once upon a time is once pun a tame in the story from lee cowan. >> every year they gather. not pundits but punsters. the pun-off in austin texas. not only tolerated but rye warded but no one here is at a also forwards. headline, headlines, yes, right here on the forehead. >> ahead on "sunday morning" all puns intended. >> osgood: barry gibb is a singer. very different tale to tell. he'll be telling it this morning to anthony mason. >> the last surviving member of the bee-gees, barry gibb had never toured america as a so low act until now. >> he had reluctant going out. >> because i'm used to being with my brothers. very rare that -- >> ahead on "sunday morning" the last bee gee goes it alone. >> osgood: rita braver meets -- david martin talks with vietnam veteran james webb. steer hartman has the story of one gift. but first, h

mcdonald's has faced a pretty bad year and a half.ionwide and they saw global protests last week in 33 countries. they've seen themselves faced with class action lawsuits where they're having to defend against allegations that they violated minimum wage and overtime laws. you know, so they are -- they are shareholders today when they see what's happening are rightly asking is this the right business model for mcdonald's? we know that it's impacting their reputation and their bottom line. >> there's also a question, is this the right strategic model for these protesters. what they've seen, frankly, dorian, they're not getting anywhere in congress and so maybe where they go is to shareholders. maybe where they go is to the companies themselves. is this smart? >> absolutely. we've seen an example of the company responding and that's the gap who now pays its workers over the minimum wage. today they've preempted any minimum wage increase. they've mentioned mcdonald's and the march sec filing actually told its investors that they were conc

we think ronald mcdonald is a central figure.onald's is getting bills of daughters and the taxpayers subsidize their work whore department get enough money to a -- >> aalso employ a lot of people and also work under the franchise system that the franchisees are not billionaires. each store is its own little business. having said that, let say you get the wage rates to the degree you do. a lot of these stores are modernized. you get your soda yourself. get your burger yourself. with the best of intentions aren't you throwing them out and isn't ronald mcdonald getting what he wands? that be forcing the rate up eis even more evil. >> you make a great point and there's no reason to run from the future, and companies will modernize to the extent they think it will help their bottom line. the point we want to make with this commercial in particular is that right now the american taxpayers are being run over. fast-food workers, 50% of them are on government assistance. people who are working but can't make ends meet. >> why don't you fo

they're talking about mcdonald's. we're focused for this discussion on a certain segment of the employed population but this is a problem everywhere. look at kid coming out of college. melissa: yeah. >> underemployment. limited opportunities. even kids with engineering degrees having trouble finding a job that matches their skills. melissa: yeah. >> so the problem is a lack ever opportunity. we happen to be seeing it there and everything else. melissa: speaking of that. the city with the fastest growing income inequality in the u.s. is actual san francisco. that is according to a new report. tech met dropped police has a wealth gap that is worse than some developing countries. this is, we key seeing this come to a head in san francisco. they are, they now have, basically full employment. they're sitting what is it, 4.9, 4.8% unemployment but at the same time they have this great inequality. they're having all kinds of props over housing. look who is joining us? charlie gasparino. were you on the phone? breaking storie

mcdonald's. success has been from $1 meal.affic has gone down in most of these fast food restaurants and gross profit margins are single digits. these are wrong companies to pick on. >> mcdonald's is a multimillion dollar company. when i try to explain how much dough they have, they're not all ronald mcdonald. it falls on deaf ears. >> i do worry about trying to convince people. i worry about giving that argument any credence. i don't care what they're worth. it is not incumbent on them to give me anything. their income statement is not part of public domain. i try not to fall into that trap. bottom line is -- >> you're not entitled. >> you're not entitled. they're paying a free market wage. it's a starter wage. 50% of the jobs are teenagers. household income is 70,000 because they're not the only ones working. i would love to see -- i would love to see the industry promote people faster. i think there is a serious problem there and they should find talent and promote them better. that would help a lot. there are a lot of peop

. >> mcdonald's gets roasted. the chains workers protest outside corporate headquarters demanding to be paid $15 or our. >> and they are at human iced by democrats and lionized by at least a group of republicans -- demonized by democrats and a group of at least republicans. who are the koch brothers? >> the princes of pop-ups. meet the co-owners of the stores popping up all over the place. >> erik schatzker is on assignment. >> great to have you here. a lot to cover in the next hour. we have breaking news in washington. the house has just approved a bill to curb the nsa's power to spy on americans. peter cook is there. tell us exactly, what would this law do? this is significant because this is the first reaction by either house of congress to the edward snowden breaches nearly a year ago. the are concerned with privacy of everyday americans who are worried the government is intruding into their personal information. what this legislation does, again, is and be bold collection of phone records by the nsa as and as

and onto mcdonald's corporate campus, wednesday. ---a coaltion of labor groups and more than a hundred mcdonalds workers in restaurant uniforms--from st. louis, detroit and dozens of other cities. "we need a liveable wage." the surge of solidarity was met by more than dozens of law enforcement officers, including illinois state police and a pooled law enforcement team called "ileas"--most, in riot gear. police dogs stayed in the background. "you are to disperse." officers arrested more than a hundred protesters for criminal trespass, including mary kay henry, president of the service employees international union, representing two-million members. if shareholders who meet tomorrow, saw--any of this from the campus lodge and mcdonald's "hamburger u"--it was from a distance. "we think it can absorb the cost to pay more." the protest comes as shareholders such as the pension fund for california's more than 860- thousand teachers cast non- binding, advisory votes on executive compensation. at chipotle's meeting, last week, the teachers'

wages -- workers call for better wages at mcdonald's. the mayor of seattle proposes a $15 per hour minimum wage. and sales of existing homes rise in the u.s. for the first time this year. to our viewers here in the united states and to those of you joining us from around the world, welcome. we have. -- full coverage of the stocks and stories making headlines today. peter cook details the house vote on nsa surveillance practices. yang yang is at mcdonald's headquarters in illinois, where workers took their fight for higher wages. we begin in kiev, just days before ukraine's election. what is the latest on the ground? another violent day in , according ukraine to a local official who just spoke on television. 16 people were killed by separatists. and this morning, a russian aircraft entered ukrainian airspace. there's a growing divide between the two sides in this conflict and is no more apparent than in the city of donetsk. donetsk is not exactly a city under siege, but with armed men now a commonars sight on the streets, it's certainly a

we'll be right back with a performance by audra mcdonald. performance by audra mcdonald.edmercedes-benz?nty what does it mean to drive as far as you want... for up to three years and be covered? it means your odometer... is there to record the memories. during the mercedes-benz certified pre-owned sales event now through june 2nd, you'll get complimentary pre-paid maintenance and may qualify for a two-month payment credit. only at your authorized mercedes-benz dealer. the bhershey's s'mores, together is hothe unmistakable taste that reminds us that life is delicious. black. no cream, 1 sugargar. with a bacon, egg, & cheese mcgriddles... why does she get a mcgriddles? that's the way she takes her coffee... mccafé coffee and the bacon, egg, & cheese mcgriddles. so, how do you take yours? fatthe fire of 1880 g at the baccouldn't stop us. nor did prohibition in the 1920's. or exile from our home country in the 60's. the bacardi family didn't just survive, we thrived. because true passion can't be tamed. nobody ever stomped their foot and asked for less. because what we all re

the mcdonald ceo said at the shareholder meeting yesterday, that mcdonald's provides job opportunities that lead to real careers and hired 50,000 last year and will do the same number this year. mcdoanld's also issed a statement calling the protests "a staged event in which organizers bussed in people from other areas. a miniscule number of mcdonald's employees have participated in these events" an activist investor claims darden restaurant group is selling its red lobster chain far too cheaply and starts a battle for the board. starboard value owns a 6% stake of darden and has nominated a slate of 12 directors for election to its board. such an election would wipe out darden's current board. stoking starboard's fire is darden not calling for a shareholders meeting before announcing on friday that it had sold the red lobster chain for $2.1 billion. the ntsb orders more tests for boeing's 787 dreamliner. regulators want more thorough testing of the lithium-ion batteries on board the dreamliner. the board also recommends developing new tests for battery quality. requiring boeing and manu

mcdonald's protest, mcdonald's employees they're barking a little bit up the wrong tree here. we have to focus on what's going to lead the global economy as well as the u.s. to a little bit higher wage growth and that is probably inflation. adam: we'll have to stop right there. we'll continue this another day but right now, science is proving what we already suspect. home is where the stress is. why that tense pow wow with your boss is nothing compared to what is waiting for you at home. did you dot dishes? >>> very latest ahead of ukraine's presidential elections this weekend. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. crane, preparing for the upcoming presidential elections and pro russian insurgents ramping up retaliation efforts unleashing the deadliest attack ukraine has seen in weeks.

melissa: charlie, you go to mcdonald's every day? never. >> i don't go to mcdonald's in 15 years. i think the food is toxic. >> mcdonald's is good in moderation. >> and so is, you know, anyway, you know, people forget, let's break this out a little bit. a fran sighsee is a small business person. melissa: right. >> these are a bunch of small business people. they are not attacking gm or some huge conglomerate or ge screwing workers around the world. they are attacking mom-and-pop people that have tight margins. that is why this can't work. if you force them a lot of mcdonald's will go out of business. melissa: thompson is making $9.5 million a year. they're not realizing that is what this is about. anyway, moving on. twitter trying to calm investors nerves. ceo dick costello, telling investors that they believe in themselves even though the stock plummeted 50 mers this year. you like at this time e twitter as a stock. >> i hate twitter as a stock. i like twitter as information vehicle. his best quotes or most absurd quote, i like what happened last quarter. you know this guy is not

. >>> super size protests, mcdonald's defends its business strategy as thousands of demonstrators chant for higher rages. >>> and the $84,000 question, why are some drug prices so high and what can and should be done about it? all that on thursday may 22 for "nightly business report." >>> good evening, everyone, a big surprise from hewlett-packard today. but not a pleasant one. it accidentally released its second quarter earnings about an hour early while the markets were still open. the report was scheduled to come out after the closing bell. well, investors were puzzled by the change, disappointed in the results and it didn't help the shares either. the world's biggest computer maker continues to struggle to stay relevant in the world of mobile devices and cloud storage, it is no wonder they announced more job cuts for a total of 50,000 employees getting the axe. for the earnings, 88 cents a share in line with analysts' estimates, revenue continued to decline and then and thenarrowl forecasts, shares fell slightly in late trading after sliding 2 and a half percent during today's sessi

melissa: and, dominic, we're always saying mcdonald's, mcdonald's, mcdonald's.y the guys -- >> well, they've got the golden arches, they're the brand. melissa: brand under -- >> entry-level jobs. these are supposed to be college kids and high school kids. they're not supposed to be parents with kids' jobs, senior citizens. we should be focusing on why aren't we creating real jobs in the economy instead of why we're paying $9 an hour. melissa: great point to end on. >>> all right, "the new york times" shocker, the drama behind jill abramson's sudden exit. is it all about gender? or is that just a little bit too easy? at the end of the day, it's all about "money." ♪ ♪ if you've got copd like me... ...hey breathing's hard. know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor

makes --f mcdonald's are you ready? an hour. >> i work at wendy's.esterday night i walked out because i think we deserve $15 and a union. the union is there to protect us from the injustices that happened in the workplace. for example, sometimes they expect us to work for free. out, but ifo clock there's work still to be done, they will try to force us to work out and still do -- clock out and still do the work. some people let them overpower them like that, but i'm on strike today for reasons like that. >> that is video from this morning outside a mcdonald's here in new york across the street from the empire state building. workers say they're planning another protest a mcdonald's annual shareholders meeting a week from today. for more we're joined by two guests. in new york, catherine ruetschlin author of the report, "fast food failure: how ceo-to-worker pay disparity undermines the industry and the overall economy." joins us fromise pt, kansas city public television. he has worked for burger king for nine years and plans to go on strike today. he

that spokesperson said it is not a mcdonald's issue. >> it should be a mcdonald's issue if they wantmers buying their product. you can do well and do the right thing and make sure people have money in their pocket so they can spend it on their families, take care of their families and have a middle class in this country. >> does it bother you that employees at companies like this are on public assistance? >> absolutely. absolutely. it makes no sense whatsoever. >> i understand that you have come forward to say that hillary clinton should be the next president of the united states. is that correct? >> i have, ed. you know, the conversation we were just having is one you don't have to have if it is president hillary clinton. she lives and breathes in her bones the fight for a fair shot for everybody to get ahead. she has fought for middle class families and people trying to get into the middle class all her life. i am very excited about the possibility. i hope she is going to run and i will do everything to help get her elected. >> there is a number of senators that has asked her to ru

. >>> the new menu item debut at mcdonald's today. we'll tell you about it coming up. >>> state education leaders rejected a request from san jose unified school district that would make it more difficult for teachers to get tenure. according to "mercury news" the district and teacher's union wanted to add an extra layer of probation. schools have until halfway through the teacher's second year whether they will be offered tenure or be dismissed. the district argued not enough time and members say that changing the education code should be made by the legislature. >>> and "today in the bay" follow up. a bill requiring a kill switch to be on all new phones is heading to the state assembly. passed in the senate yesterday. mark leno of san francisco had his proposal watered down quite a bit. the kill switch would apply only to cell phones, not to tablets. in addition the start date was pushed back another six months until july of next year. >>> apple is considering buying its biggest acusition ever. beats by dr. dre. there are reports th

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what was the mood of the annual meeting for mcdonald's? >> the mood of the annual meeting did not quite match the mood outside the meeting. outside for two days protesters gathered from all across the country protesting and demanding higher wages for mcdonald's employees. the employees are asking for $15 an hour and a right to unionize without retaliation. inside the meeting though the mood was much more positive because for the most part mcdonald's shareholders are happy with the dividends that they've been paid, with the performance of the stock compared to its peers. it was an issue though, the fact food worker wage issue was an issue that was addressed at the meeting by the c.e.o. but only minimally. here's what he had to say. >> we've had people that have been outside and we respect the fact that they want to challenge relative to wages. we continue to believe that we pay fair and competitive wages and we provide opportunity and we provide job opportunities and training for those entering the work force and we're trying to be a really

mcdonald's. we're talking numbers and whether or not mickey d's shares are worth your hard-earned cash ahead. >>> another chance to name our mystery chart. your first hint was it was a stealth high flyer. your second hint, the 404. the answer when "street signs" returns. ♪ ♪ (man speaking chinese) who would have thought masterthree cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's a masterpiece. thanks. clearly you are type e. you made it phil. welcome home. now what's our strategy with the fondue? diversifying your portfolio? e*trade gives you the tools and resources to get it right. are you type e*? trwith secure wifie for your business. it also comes with public wifi for your customers. not so with internet from the phone company. i would email the phone company to inquire as to why they have shortchanged these customers. but that would require wifi. switch to comcast business internet and get

mcdonald's top executives.aid doubled to $15 an hour. here's the problem. compare to mcdonald's to chief executive, $9.5 million pay pact likely to approved today by shareholders. a study in the u.s. showed the ratio of ceo to worker pay in the fast food industry was a staggering 1000 to 1. better pay is become a rallying cry for millions of fast food workers. there are many arguments against increasing the minimum wage as the social foundation net work brain thinker explained earlier. >> you're likely to see increase in unemployment. one study shows if we increase the national minimum wage up to living wage 7.65, you'll see increase of unemployment of 4%. there's a straight forward trade off if you regulate high wages. in the think tank, we've done work. you need to invest in skills of people. many have pretty low skills. allow the firm to pay them high wages. >> okay. there you go. there is one side of the argument. that? james is president of international union of crop workers. james, great to have you on t

and my guest audra mcdonald stars on broadway as jazz great billie hold day. wonder what disney princess that's based on. a new project will give each m.i.t. undergrad student $100 worth of byte coins, no, wait, $800 worth of bitcoin, this is "the colbert report." (cheers and applause) >> stephen, stephen, stephen! stephen, stephen, stephen! stephen, steve, stephen. >> stephen: welcome to the report, ever. good to you have with us. thank you so much. (cheers and applause) >> stephen: thanks, folks. you know, you know, we are coming up on election season as a newsman, my job to bring you the latest, baseless speculation on who might be running who is thinking about running and who was recently seen running. (laughter) why is he running? is it because he's running? well, on monday one dark horse candidate has officially announced he's running for president, bashar al-assad. >> here he is president bashar assad is announcing his candidacy in the upcoming presidential elections. >> he will run for a third seven year term in june. >> stephen: bashar assad has throw

la gente a protestar de manera pacÍfica, y quÉ salario mÍnimo es un asunto de matronas sino a -mcdonald's los delincuentes no se someten tan fÁcilmente a las autoridades, aunque tengan deudas pendientes con la ley, como es el caso de esta cÉlula de pandilleros que tras muchos forcejeos fue neutralizada. (gritos) >> por delito de extorsiÓn, tenemos una captura por el delito de homicidio, tambiÉn administrativa, y cuatro por agrupaciones y resistencia. >> los homicidios se han disparado nuevamente, el fin de semana se reportaron 30, y la cuenta diaria no baja de 10 crÍmenes. >> por la pugna que hay entre las pandillas, tambiÉn por el tema de depuraciÓn al interior de las pandillas, pero tambiÉn el ataque a particulares. >> algunos de estos homicidios tienen todos los visos de limpieza social. son cometidos por encapuchados fuertemente armados y dirigidos contra pandilleros extorsionistas. los derechos humanos han vuelto a ser un tema sobre la mesa. >> en la medida en que la existencia de grupos irregulares armados que perpetran homicidio, es lamentablemente factor histÓrico en el salvador.

the former ceo of mcdonald's usa. because of laziness and incompetence pouring good money after bad but there is a rare quality in the business world that does a guy is now into a chain that is known for the delicious barbeque ribs the new ceo of dave's barbeque. of i only say that because he brought some barbecue and i am hungry. [laughter] congratulations. >> is an accident that this is the fabulous company. >> you just got bored. >> a little bit. neil: did you pick up our discussion in the prior segment of the protest where people want a the minimum-wage -- providing they will happily settle for that higher wage the president once but $15 is like the overture. >> absolutely. they will settle at $10 to think they did something magnificent but they should settle at $8 to see there entry-level jobs never meant to be careers. >> but everyone of those protesters is paid minimum-wage. >> i don't know how many are fast-food workers. >> people are paid $8 to show up. neil: if you are at that wage a dozen years or more some

we'll be right back with a performance by audra mcdonald.want to become the next big rapper. but not many people think that they can do it all on their own. even fewer turn down every major label along the way. so they can create one with their best friend. we're macklemore and ryan lewis, and we're one of a kind. but there's a hint of sweetness, too. [ woman clearing throat ] it must be the apples. i concur. the new chicken apple sausage sandwich from dunkin', made with real apples and spices, your morning just got a lot more flavorful. >> stephen: from her new broadway show lady day and emarison bar and grill, ladies and gentlemen, audra mcdonald. ♪ ♪ what little moonlight can do ♪ ♪ what little moonlight can do to you ♪ ♪ you're in love ♪ your heart is fluttering all day long ♪ ♪ just when ♪ i love you ♪ what a little moonlight can do ♪ ♪ well while the little moon beam come through ♪ ♪ you get ♪ you can't resist him ♪ and you stair ♪ you have kissed him ♪ what a little moonlight can do ♪ ♪ oooh, what little moonlight can do ♪ ♪ oooooh, w

neil: called it mcdonald's getting grilled. protesters circling on the illinois headquarters with a shareholder meeting. what they want to see is have them play nice on minimum wage to double at $15 an hour so workers don't have to protest like they are id eleanor. things got so bad mcdonald's had touche set down facilities that 50 protests were clergy and most of the others were also told were union members. what about the big push to doubles of wage? we have richard benjamin it as well as our fox business all stars. i think i understand what is going on. the plush is to increase the minimum wage over three years. they know they will not get $15 but they sure as hell will not settle for the $7 now. so they will leverage to make people think count your lucky stars they would give us the $10 and cents. >> i don't think that is the only logic. they want a fair wage that many cannot support so. >> not just a question of what to the page is but the disparity that is part of the conversation. 1,000 / one the ceo making 1,000 times m

while mcdonald's holds its annual shareholders meeting.demonstrators getting arrested yesterday after refusing to leave. garrett tenney is live outside chicago with more now. garrett? >> hello, jon. $15 an hour is how much protesters believe they should be paid for their work in the fast-food industry. between 600 and 700 protesters came to the headquarters of the golden arches today to push for that as well as for the right to unionize without retaliation. not just at mcdonald's but at other restaurants as well in the fast-food business. mcdonald's is the largest chain in the world, though. despite its drop in u.s. sales and increased costs due to increased beef prices, protesters say if they can get mcdonald's to pay its workers more, other restaurants will follow. >> mcdonald's is a billion-dollar franchise. they can afford it. my store alone brings in at least $2,000 a day. we can absorb to get a raise. maybe not $15 but at least $10 the minimum. >> $10.10 is what president obama's pushing congress for as the federal minimum wage. $15

a special menu is coming to mcdonald's.y in the loop. ♪ >> pharmaceuticals for the six under million dollars here the deal is lance -- expand the portfolio for eye diseases. this ale is part of an ongoing strategy to narrow its strategies of vocus current enough support has been secured to move ahead with lance to integrate the operations and the german automaker, now has shareholders take control of 90% of the sweetest company. attempt.a decade-long unveiling a new smart on the sleeve or indonesia today. it hopes its touchscreen model will revise sales. hip-hop dancers performing on a laser lit stage. very cool. in washington, democrats are trying to do in that the majority in a house in november and there was -- pushing the message that their party is -- are the ones to address a widening gap. his attic is strategy? -- is that a good strategy? >> if their goal is try to pick up -- they need nine to take over the house. maybe when it comes to inside the district, it is not such a good strategy. impressed already control th

illinois,e u.s., mcdonald's workers are not loving it. a group of fast food employees protest outside of headquarters leading to an annual shareholders meeting this morning. shareholders will be voting on several issues, including the ceo's $9.5 million. on the ground, tell us what the security of flight. quest you can see protesters have gathered behind me. it is a real pr nightmare. so bad yesterday, mcdonald's closed one of its five headquarter buildings and told its employees to stay at home and work from home to avoid the 8000 protesters who stormed through the entrance, marched up the drive way behind me, where ultimately 138 mcdonald's , labor, and clergy members were arrested for trespassing. "no are back at it again, burgers, no fries, make our wages supersize." considerably smaller today because many people had to go back to their day job at mcdonald's. quest they have been protesting for several months. they launched a global protest last week. quest mcdonald's is still responding saying $15 is really they are looking to see wh

. >> who, guys who run mcdonald's?le who run a franchise won't take a dime. >> or start a fwiz. >> start a new business or innovate. just try something new. hold on, let me get everyone in here. ang, the cbo scored a minimum wage increase from $7.25 to $10.10. they said 500,000 people will lose their jobs if we did that. these guys want 100% from whatever they're average salary is, $8 an hour, to $15. >> you know who they should be protesting? if they really were serious about this. their congressman and senators. because if immigration reform goes through, all of these mcdonald's employees and if i'm a mcdonald's executive, i would stick this out and i would fight for immigration reform and say, okay, you don't want to show up for work? you want to picket. that's okay because the labor pool is about to become gigantic. and there will be hundreds of applicants and new employees who are going to be documented workers able to take these jobs. if you don't like it, you can go somewhere else. >> what do you think is going

it's being automated in mcdonald's. now in the bank, you see one or two tellers and a row of atm machines. you go to the supermarket and you see self service checkout. all the jobs will go away quicker. the cashiers, the supermarket clerks, if we go to $15 minimum wage. all it is is a sign that says if you have low skills or just entry jobs, don't bother, we can automate it. >> let's think about the timing. we barely have a jobs recovery, and doubling the pay of these workers, isn't this the wrong time to do that? >> it's the absolute right time to raise the minimum wage. doubling it to $15, no, i think that's too fast too soon, but raising it to $10.10, what congress tried to do in the face of gop opposition, that's the way to go. there was a study that looked out state level data from 1990 to 2006, and i am sure gary is familiar with that, and raising wages for low wage workers does not contribute to a decline in employment. the university of california had a similar study. how can people making $7.25, it's poverty le

>> you'll see. >> this, my friend, is the ultimate dollar burger from mcdonald's. let's go ahead and give this a try. >> as disgusting as it looks, this is how you eat it. you start at the top, one bite at a time, and work your way down. >> look at the shape of this guy, though. i eat salads and quinoa and i don't look anything like that and he's there munching 40,000 calories of mcdonald's and looks like a house a mountain. >> he is a fitness guru as well in addition to being good at eating. he is actually showing that you can eat whatever you want, but you can also balance it with your fitness routine. >> does not look like balance. >> here he is getting to the end. he does obviously need some water, but he does it, he finishes the whole darn thing. >> your ultimate dollar burger from mcdonald's today. >> looks like he's about to fall over. . >> on february 2nd, 1959, nine college students hiked the icy slopes of the mountains in russia and they never returned. th theories about what happened to these students. one of them being maybe it was a yetti. a special on

you can already order mcdonald's items on a little touchscreen -- >> imagine a mcdonald's atm.is one, the flipside? >> is that true, steve roach, that if you give the poor more money, they go out and spend it all? >> they don't save a lot. but who makes the decision here, the employer or the regulator? this is the essence of our system here all stop >. >> it is what it is. one more. >> fabulous. steve roach, thank you so much. with the yale university. on"bloomberg surveillance" radio continues. "in the loop" is up next with betty liu. thank you again, steve roach. >> good morning. you are "in the loop." i am betty -- betty liu. why he tried to make the midwest -- and what he thinks about raising the minimum wage. here's a look at our top headlines. sales keep tricking at best buy. fell moreter revenue than three percent, and i frequently you drop. dd.com starts trading at the nasdaq. an activist wants to boot the entire board -- it has agreed to sell its red lobster chain. him -- over in russia, missing petersburg forum is underway. this is overshadowed by the conflict in ukra

if you didn't work at mcdonald's, could you afford to eat at mcdonald's?sn't for the discount, uh-uh. i just wish i didn't have to depend on stuff like that, you know? but i've stayed with fast food because, you know, i've got a criminal background. >> reporter: and the criminal record? >> theft, three misdemeanors. shoplifting. >> reporter: shoplifting, and why? >> well, there's times where, you know, i used to go to high school. me and my sister didn't have no clothes, really, and everybody looked all nice and everything, and we didn't have anything because our mom couldn't afford it, you know. so i started stealing clothes and then, as i got older, i had been in some homeless situations where i had to steal diapers, food for my children. no excuse for it, but that was why i was doing it. >> reporter: and did you wind up doing time? >> a little bit. a little bit. >> reporter: so when you started at mcdonald's, $9.19 an hour was that like a happy day, because you'd gotten a paying job? >> mm-hmm. it was. i'm not trying to be on the state assistance. i'd r

neil: you do what you are g abot to do now at dave a ribs, like in the old days in mcdonald's, is itent environment. >> very different, tax straoubgurstructureis differen l businesses it is amazing. they are disappear, they will go away. neil: that is former mcdonald's usa ceo taking over dave a barbecue, saying, you know hard to cut it these days with the rules and regulations. i got some outstanding product to compensate. dave mccarther a small business guy, knows a thing or two about what that other david said, have you been saying it for years. >> repeat, you know i have said it before, same hood we bought 12, 13 years ago, 13,000, are move recent bid to adan additional one was 33,000. equipment cost was no more than 10%, it was always now you need earthquake gas proof valve, earthquake electric valve, fans and heating. neil: where is your business? >> st. louis, missouri. neil: is that a big deal there? >> don't you know that? i keep saying, doesn't anyone realize life has risk. you have to heat the cool air coming in and cool the hot air coming in, we wouldn't want to drip wate