>>well justine all quiet here at this mcdonald this evening, but it was a different story during the lunch hour when the drive-thru here was blocked by a group of activists on behalf of a worker who says she lost her job because she spoke out about the lack of ppe here. let's take a look. >>about 2 dozen people from unions and social justice group staged a car caravan and protest at this mcdonald's on north first street in san jose. they were here to support workers who claim mcdonald's isn't doing enough to safeguard employees from the coronavirus alleging she was fired for speaking out was maria ruiz they said. >>and we're keen is says show workings that all days mall. >>we need pp and i mean that thing for me now are as bad now not being there at the right. >>joining the demonstration and calling on mcdonald's to offer hazard paid to employees along with more ppe and other safeguards which state assemblyman ash call rock so we have to make sure just like anyone else that's an essential worker they're being given the protective gear. >>that they feel sick. they can stay home withou

in a rare move, mcdonald's sued mr. easterbrook, alleging he committed fraud and destroyed evidence during its internal probe of his behavior. the company is seeking to not pay that portfolio now, adding that easterbrook's suggestion, his lies notwithstanding, mcdonald's got a good deal by ridding himself of him has no legal merit. the stock is up about 90% since he took over they are awarding his ability to d digitize the store what happens next? will this cause other companies to sue ousted ceos nbc legal analyst danny savales and kate rogers. kate, i'll start with you. how is easterbrook claiming his case against mcdonald's here >> easterbrook is filing a case to dismiss he said he didn't cover up his own evidence and that mcdonald's should have discovered it when they did their audit, when they were looking into the relationship they uncovered that led to his firing. the language today so strong you barely see a big corporation, particularly mcdonald's, come out swinging like this, morally bankrupt. a lot of the ter

so as to mcdonald's the chart. looks pretty good.like to be long. >> all right he wants to be long. is this situation you'd buy? >> kate's reporting is fantastic but in terms of the stock, you think of what's going on, people are starting it write about this, mcdonald's is really poised to be successful in an economic down turn and the stock is telling you all you need to know what people think the economy will look like, series of higher highs and higher lows since that march low and that $220 level which was basically where we were this time last year is absolutely in the cross hairs. so i think mcdonald's grinds higher from here i'm with cbw for sure. >> bonowyn what do you think. >> i'm not fighting the chart master i'm with him end of the day the scandal $37 million claw back i don't think translates to the fundamentals or technicals of the stock itself >> all right karen, right now 9 strong buys, 17 buys, 9 holds, no sells, no under performs on mcdonald's is this a consensus buy and hold type pick >> i think so. i agree with gu

with whose money, mary lou mcdonald ?and let me address it. we have a housing crisis on the island, we've a whole generation locked out of home ownership, we have people who can't make their rent, who have no prospect of a secure roof over their head, we've people living in awful overcrowded conditions, and one of the lessons of this public health emergency is that not alone is a secure roof over your head a human right and a democratic right, it's also a public health imperative, because your home now is your shelter, it's the place where you self—isolate. it's all about stimulus, it's about repairing economies through growth. ireland's not unique in that, farfrom it, and sinn fein is certainly not unique, although we were very much ahead of the pack in recommending and advancing that type of economic recovery long before others. but the proposition, surely, is that a time of covid—i9 crisis with the reality of brexit and the end of the transition looming at the end of this year, what the irish people appear to believe a

but according to court documents last month mcdonald's received an anonymous report about a second mcdonald'swho engaged in a sexual relationship with easterbrook while he was ceo. the anonymous report prompted a new investigation into easterbrook which mcdonald's alleges revealed the businessman had sexual relationships with three other mcdonald's employees not including the employee linked to his firing. "new york times" correspondent and cbs news contributor jody cantor. >> this is a story with a twist because mcdonald's the top fast food company in the country is now going after its former ceo, not only for having inappropriate relationships in the workplace but for concealing that. >> reporter: according to the lawsuit investigators found easterbrook sent emails from his corporate account containing dozens of inside, partially inside or sexually explicit photographs and videos of women including employees taken in 2018 and 2019. mcdonald's alleges that easterbrook granted one of the women special stock benefits worth hundreds of thousands of dollars shortly after their first sexual encou

if there were restrictions placed and, say, mcdonald's or starbucks could no longer associate or work within the wechat app, it could certain affect their business. chinese consumers spend their digital lives within this one app. really there's no equivalent here in america. >> deirdre thank you what we know is that beijing has said it firmly opposes this executive order. we've already raised the ire of china, that we know. are you worried about this >> look, i don't think this is something that's going away any time soon. i think it's a new cold war of sorts. it's become bipartisan this is going to be with us for a long time. when i think about the u.s. equity markets and the valuations we're trading, it is a little bit more vulnerable if and when investors start to care about this i do think between now and the election, this is probably going to take a back seat to the trajectory of the virus and obviously what's going to happen with the u.s. presidential election i really think that's front and center from a macro perspective if you look at the dollar continuing to deteriorate ver

mary lou mcdonald in dublin, welcome to hardtalk. thank you.ruary election, when you and your party did remarkably well — you won the most first preference votes in ireland's general election — you talked about a revolution at the ballot box. well, five months on, what's happened to that revolution? well, five months on, we are into really uncharted and unprecedented times, no more than yourselves, with a global pandemic, with the public health emergency here on our island, and, of course, that has caused very considerable disruption to people's daily lives, but also to political life. but i'm happy to report that all of that disruption, notwithstanding the appetite for political change, remains very strong right across ireland, north and south. and i still hold firm in the view that we are living through changing and changed times, times where i believe that significant movement in ireland, progressive movement, is possible and will happen. and i include, of course, in that the constitutional question of a united ireland. yes, and i do not dou

do you need that when they walk in a statement, mcdonald's said the protesters claims mischaracterize what is happening. >>we are upholding the highest standards of safety and hygiene starting in march mcdonnell's as enhanced nearly 50 process ease with the safety and well-being of crew and customers top of mind, including requiring masks gloves protective barriers daily wellness and temperature checks and here is the social distancing guidelines. ppe is an ample supply across restaurants, including the distribution of a 100 million masks to restaurants across the country. in san jose rob fladeboe kron 4 news. >>well there's a new spin now on outdoor dining in san francisco. we have one restaurant placing guests in bubble like domes the goal of course is to make diners feel more safe during this pandemic refers taylor sackey gives us a look. >>you've probably seen this concept floating around other countries over the last few months actually the manager says he was inspired by japan and says why not right here in the bay area since he hasn't seen it yet. >>he says nowadays you have to

and now mcdonald's is saying they want the severance package resended. they want the moneys not all of it because they have to pay that over time but moneys they have paid him and perks that he have given him to be paid back because they say he lied and deceived during the negotiations for the severance package. and the package itself says if deception is uncovered at any time, that is a basis for resending package. so that's the case in a nutshell. the lawsuit is filed and chancellor court in delaware because that's where mcdonald's is incorporated. one little crazy footnote, under the terms of the severance package, any lawsuit brought against easterbrook for anything having to do with a tenure as ceo the legal bills are paid by mcdonald's. jackie: burden of proof is also on mcdonald's to show that easterbrook recovered that evidence or whatever the case maybe i'm wondering how difficult do you think that is? >> well, mcdonald's says that it has witnesses who participated in sexual activities with him who are willing to testify. these are witnesses the

my guest today is mary lou mcdonald, the leader of sinn fein. has her party missed their moment? the february election, when you and your party did remarkably well, you won the most first preference votes in ireland's general elections, you talked about a revolution at the ballot box. well, five months on, what has happened to the revolution? five months on, we are into uncharted and unprecedented times, no more than yourselves with a global pandemic, with a public health emergency here, on our island and that has caused considerable disruption to people's daily lives but also to political life, but i'm happy to report that, all of that disruption notwithstanding, the appetite for political change remains very strong across ireland, north and south, and i still hold firm of the view that we are living through changing and changed times and times where i believe that significant movement in ireland, progressive movement, is possible and will happen and i include in that, of course, the constitutional question of a united ireland. yes, and i do not doubt for a second that you want

>> what, mcdonald's?. >> go to cnbc.com to learn more and make sure to register. what happens when a wireless carrier puts its customers in charge? well, the good news gets shared. and it gets rated #1 for customer satisfaction. but don't just take our word for it. take theirs. it's your wireless. your rules. only with xfinity mobile. call, click or visit a store today. >>> faang. yes. my partner over there named it there it is. next picture this morning. apple as we talked about earlier getting the benefit of positive writings among analysts is the best performer of the group. this selenite grey is so pretty isn't it? wow. jim could you pop the hood for us? there she is. -turbocharged, right? yes it is. jim, could you uh kick the tires? oh yes. can you change the color inside the car? oh sure. how about blue? that's more cyan but. jump in the back seat, jim. act like my kids. how much longer? -exactly how they sound. it's got massaging seats too, right? oh yeahhhhh. -oh yeahhhhh. visit the mercedes-benz

>>joining the demonstration and calling on mcdonald's to offer hazard pay to employees along with more ppe and other safeguards which state assemblyman ash call rock so we have to make sure just like anyone else that's an essential worker they're being given the protective gear. >>that they feel sick they can stay home without risk of losing their job. they get hazard pay respect right. san jose police kept watch eventually or during the demonstration off restaurant property. >>protesters claim here and across the country workers are afraid to speak out for fear of retaliation i'm not stopping and finding far may get back informar pp employer. the need that when they walk in a statement, mcdonald's said the protesters claims mischaracterize what is happening. >>we are upholding the highest standards of safety and hygiene starting in march mcdonnell's as enhanced nearly 50 process ease with the safety and well-being of crew and customers top of mind, including requiring masks gloves protective barriers daily wellness and temperature checks. and it hears to social distancing guidelines.

stimulus discussion in washington and kate rogers has the details on a scandal involving former mcdonald's ceo steve east easterbrook. mike, start us off with the broader market and the gap we're seeing. >> this is a good illustration of how a broadening out of the market beyond the big growth stock win seners is restrainingh s&p 500 even if it represents healthier activity below the surface. this is the year to date s&p 500. this is up 1% below that all time peak back in february about 3395 is the intraday high. so it's essentially 1% right now. trying to approach that old high, that very high nasdaq stocks as they pull back a little bit which looks like a routine pull back for now, they're really dampening things right now. nothing really to argue with the kind of steadiness of this trend. it's been very quiet approach. it seemed we got close enough to the old highs to trend in that direction and make a go of it. take a look at this ratio with the equal weighted s&p 500 this is a five-year chart. the average stock versus vet large ones then you have the crash and look at how erratic it's

jillian: the ronald mcdonald house was vandalized in the process.s the latest. >> businesses weren't the only thing damaged, a ronald mcdonald house in chicago in need of repair following rioting on sunday night. the facility that provides resources to families with sick children said 30 of families were sleeping inside when rioters smashed windows and damaged the front door, leading to enraged reaction on social media. let's get to this tweet from a parent who says as a parent who has stayed there, this disgusts me. ronald mcdonald house is a place where parents turn to for peace, normalcy and hope. thankfully, no appointments or treatments were missed because of this violence, also nobody hurt. a scary situation for folks staying there at the time. todd: like these parents having else they need to worry about. unbelievable. who knew that bear safety was funny. >> yeah. the national park service raising eyebrows i guess for this sort of funny facebook post. they sent people who may be going to national parks this summer, they say please don't run f

mcdonald's telling cnbc in a statement, "when mcdonald's invempt gated steve 50e6789erbrook lied violatedabused trust of its co-workers, the board, franchisees and shareholders his thought he shouldn't be responsible for past acts, he was fired without cause. severage package estimated in tens of millions and this suit claws that back firing him with cause accusing him of having multiple sexual relations with employeeing he formerly hid from investigato investigators. using strong language saying the suit should be dismissed because he did not hide his own misconduct well enough and investigators should have unconquered it we have not heard back from mr. easterbrooks attorneys yet we'll get back with you. >> you mentioned a new hr chief handling things differ than the old hr chief >> reporter: yes, right. she comes from boeing. started in april of 2020 the old hr chief david fairhearst ousted time as mr. easterbrook was last year. some reports that he harassed women and made them feel uncomfortable in "wall street journal" over the weekend. we did reach out to mcdonald's for comment and t

romaine: if they do get that change in designation, does that automatically give mcdonald's the abilitythe right to get that money back? >> that is what it looks like. companies and former executives often settle clawback matters. but they usually do it privately. i think the fact that they are doing this openly shows that the company is trying to distance from him. they thought, maybe one consensual relationship, we can deal with that. now that it is four and deleting evidence. taylor: we saw the quote from the mcdonald president and ceo, saying, "we recently became aware of this new information and the new information makes it clear that he lied and destroyed evidence. 2/10 ofet was only off 1% for shares of mcdonald's. what is the market now thinking of this? easterbrookind that has been out since november. shares pretty much unchanged today. back in november, shares fell quite a bit. wall street really liked easterbrook. on themade some changes tech side, like a company that reads your license plate when you come into the drive through. chris kceo, called within the company, to the

mcdonald's former c.e.o. steve easterbrook is being sued by his old employer for allegedly hiding details about the kinds of relationships he had with his employees he left the company last year with compensation thought to be worth tens of millions of dollars now mcdonalds wants the money back accusing easterbrook of approving stock grants for $1.00 of 3 employees he had a sexual relationship with the move follows a fresh probe conducted by an extra law firm. and that's all we have time for thanks so much for watching. what secrets lie behind small. discover new adventures in the 360 to. explore. 3 sixty's get. this from me. beethoven is for us. beethoven is for. beethoven 2020 the 250th anniversary here on t.v. here. every day counts for us and for our planet one. global ideas is on its way to bring you more conservation playing how do we make seduced greener how can we protect animals and their habitats what to do the following waste. we can make a difference by choosing reforestation over deforestation re

and finally fast food giant mcdonald's is suing its former c.e.o. steve isa broke for allegedly hiding details about the kinds of relationships you had with employees just as the road left the company last year with severance pay and compensation thought to be worth tens of millions of dollars now mcdonalds want the money back hughes easterbrook of improving stock grants for $1.00 of 3 employees he had a sexual relationship with it's the move follows a fresh investigation conducted by an external office. and that's our program for now for more you can always visit our website at the w dot com slash business. thanks for watching and self it successful. absurd regulations never ending permit procedures to frequent lawsuits germany's moon power industry is facing staunch opposition. why is that a minister. who has a vested interest in seeing wind energy fail. shermans a struggling energy transition comes up. next on d. w. . what secrets lie behind those walls. discover new adventures in the 360 degree. and explore fascinating world heritage sites. w. w

they were here to support workers who claim mcdonald's isn't doing enough to safeguard employees from the coronavirus alleging she was fired for speaking out was maria ruiz they said. >>and we're keen is a show workings that all days mall. >>we need pp and i mean that thing for me now are as bad now not being there at the right. >>joining the demonstration and calling on mcdonald's to offer hazard pay to employees along with more ppe and other safeguards state assemblyman ash call rock so we have to make sure just like anyone else that's an essential worker they're being given the protective gear. >>that they feel sick they can stay home without risk of losing their job. they get hazard pay respect right. san jose police kept watch eventually or during the demonstration off restaurant property. >>protesters claim here and across the country workers are afraid to speak out for fear of retaliation i'm not stopping and finding far may get back informar pp employer. the need that when they walk in a statement, mcdonald's said the protesters claims mischaracterize what is happening. >>we a

. >>> by now you have seen mcdonald's is suing its former ceo for fraud.e was the board in all of this we have the special correspondent for "vanity yfair joining us now to discuss. what happened with the board >> it's obviously still early days to know what exactly happened at the board level. this is not the right behavior for boards to engage in. you know, i think that there's potential problem with ceos who come up through the system and seem to be well known to board members or well known around the country. there isn't the kind of level of d due diligence and investigation that needs to happen before someone like that becomes the ceo of the company in other words, boards sometimes get too lax in their behavior and too comfortable around the people who have been schmoozing with them or been vying for those roles and then when it comes time to the appointment, they don't actually do the due diligence and investigation that is often warranted and obviously rarely do you see a situation like this. it just goes to the fact that boards need to be far more

they were here to support workers who claim mcdonald's isn't doing enough to safeguard employees fromhe coronavirus alleging she was fired for speaking out was maria ruiz they said. >>and we're keen is a show workings that all days mall. >>we need pp and i mean that thing for me now are as bad now not being there at the right. >>joining the demonstration and calling on mcdonald's to offer hazard paid to employees along with more ppe and other safeguards state assemblyman ash call rock so we have to make sure just like anyone else that's an essential worker they're being given the protective gear. >>that they feel sick they can stay home without risk of losing their job. they get hazard pay respect right. san jose police kept watch eventually or during the demonstration off restaurant property. >>protesters claim here and across the country workers are afraid to speak out for fear of retaliation i'm not stopping and finding far may get back informar pp employer. the need that when they walk in a statement, mcdonald's said the protesters claims mischaracterize what is happening. >>we ar

is black lives matter protests has been striking with companies like mcdonald's quick to pledge their support but twitter users and civil rights groups pointed out that mcdonald's has long fought against increasing the minimum wage for workers and was resistant to calls for protection spread some pleas during the pandemic activists argued it was mcdonald's that was perpetuating racist economic inequality and which police brutality is a symptom now in the business community's latest response to the protests 27 c.e.o.'s of the new drug c.e.o. council which aims to hire 100000 people from low income and black latino and asian communities by 2030 the firms involved include i.b.m. financial service company accenture wells fargo amazon google goldman sachs private equity firm blackrock and j.p. morgan chase the important part of the right is its 30 c.e.o.'s coming together to try to tackle one of society's big problem which is getting inner city school education largely minority that these kids through school and with a high paying job the small print is vague it's not clear what of any new

how do you tell the children at the ronald mcdonald house what's going on, and they are sick inside that, thank you for bringing us the news from there. vice president mike pence is telling hannity the rise in violent crime across our major cities will be a top election issue. >> with everything that's happening in chicago and new york and portland and seattle, you have, in president trump, a leader standing without apology with the men and women of law enforcement, and in joe biden and kamala harris and the democratic party and the radical left, you have people talking about cutting funding to law enforcement, a party that is advocating defunding law enforcement. the choice could not be clearer. >> harris: i want to bring in now trey gowdy, former republican congressman from south carolina, a fox news contributor and a fierce prosecutor. what i want to apply to this. it took the mayor forever to figure out this is a situation that might not just stop, because it's not about feeding your family when you rip off. you're bringing box trucks. >> harris, that was my dominant reaction when i

. >>> and still ahead, former mcdonald ceo steve easterbrook back in hot water.ls of the company's suit against him when we come back. >>> and a quick note, this wednesday the cnbc small business playbook summit will gather the most trusted inspirational voices in business to provide small business owners the resources to survive today's crisis and provide a path forward for tomorrow. visit cnbc events.com/small business playbook to learn more and to register. - [narrator] at southern new hampshire university, we're committed to making college more affordable. that's why we're keeping our tuition the same through the year 2021. - [student] i knew snhu was the place for me when i saw how affordable it was. - [narrator] find your degree at snhu.edu. >>> welcome back. as we said, mcdonald's is suing former ceo steve easter brook for allegedly lying during an internal probe into his tenure then. kate rogers joins us with the rather lurid details. >> they're seeing steve easterbrook related to his firing last year they say they're suing him for fraud, destroying and c

>>in a statement, mcdonald's said in part starting in march mcdonald's has enhanced nearly 50 process ease with the safety and well-being of crew and customers top of mind including requiring masks gloves protective barriers daily wellness and temperature checks and it here as a social distancing guidelines ppe is in ample supply across restaurants, including the distribution of 100 million masks to restaurants across the country. >>in the east street project intended to improve safety is threatening oakland's popular first friday events kron four's gayle ong explains. >>oakland department of transportation install these bollards on telegraph avenue for safer bike lanes but it's the same location where first fridays vendors set up the popular monthly block party has been canceled during the pandemic but organizers are concerned these safety measures will hurt businesses when the event returns dot is telling us well you can just remove the bollards and that put them back. >>life that's a huge undertaking. it's not feasible for us to do that we're running on shoestring budget already. >

escalates in washington, tonight, california's top election official weighs in and a victory for mcdonalds employees who say they had to wear doggy diapers to protect themselves from coronavirus. >> plus two deadly boating accidents on lake tahoe involving the same rental company. the questions tonight. >> first timer, maybe . >>> tonight california's election chief is firing back after president trump said this about not approving emergency funding for the postal service. >> one of the reasons the post office needs that money is to have the ballots coming in from nowhere. >> the selectionthankfully we have help to guard against potential delays. starting with sending out ballots earlier. >> the secretary of state says californians should receive their ballots in the mail by october 8. mail it in early to avoid potential delays. >>> tonight, the senate has left capitol hill for a nearly month long break with no progress on a coronavirus package. one of the sticking points has been federal unemployment. democrats want to keep extra benefits at $600 a week. the white house is still trying to

remember, mcdonald's is suing to easterbrook, moving to fire him with cause instead of without clauseclaw back some of the severance dollars. easterbrook said the company knew about allegations and about his relationships with other employees when they negotiated that severance package we should add the company's new chief people officer coming from boeing and has been reviewing the company's hiring practices as well as criteria around how the company handles employee complaints mike, back over to you. >> kate, thank you very much for that update. >>> time now for a news update with sue herrera she has that for us right now. >> i do, mike. thank you very much. >>> here is what's happening at this hour, everyone. hurricane laura is strengthening quickly. it is now a category 3 storm with sustained winds of 125 miles per hour storm surge is now expected to hit 15 to 20 feet in parts of louisiana. cnbc.com has more on how refineries have prepared for this storm. >>> the u.n. nuclear watchdog agency says iranian governments have agreed to allow access to two suspected nuclear sites. dates

escalates in washington, tonight, california's top election official weighs in and a victory for mcdonalds employees who say they had to wear doggy diapers to protect themselves from coronavirus. >> plus two deadly boating accidents on lake tahoe involving the same rental company. the questions tonight. >> first timer, maybe it's time for the biggest sale of the year on the sleep number 360 smart bed. you can adjust your comfort on both sides... your sleep number setting. can it help me fall asleep faster? yes, by gently warming your feet. but can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. will it help me keep up with mom? you got this. so you can really promise better sleep? not promise... prove. and now, all beds are on sale. save 50% on the sleep number 360 limited edition smart bed. plus 0% interest for 36 months on all smart beds. ends monday. to learn more, go to sleepnumber.com. . >>> tonight california's election chief is firing back after president trump said this about not approvi

all the fire and police and the publicervice ht mary and her huf hers, we own mcdonald's along highway 80 and any time in the past, now this fire in the future, all folks to do work 24/7 and so any time happy to continue to provide free breakfast, lunch and dinner. >> there you go, chris. chief conception. you heard that. so at least your men and women will be well fed. thank you all so much. we really appreciate your time. take care, best to you.bo t sket th i'm alex trebek here to tell you about the colonial penn program. if you're age 50-85 and looking to buy life insurance on a fixed budget, remember the three p's. the three what? the three p's? what are the three p's? the three p's of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 54 and i was a smoker but quit. alex, what's my price? you can get coverage for $9.95 a month. i'm 65, retired, and take medications. also $9.95 a month. i just turned 80 and i'm on a fixed income. what's my price? $9.95 a month for you, too. if you

mcdonald's says yeah, right.did this internal investigation, we discovered foul play, then efforts by you to destroy evidence, so the board at mcdonald's is definitely sending the message that bad behavior will not be tolerated, especially by the ceo of the company. ashley: yeah. interesting to see how that plays out. all right, lauren, thank you very much. quick check of the big board, if we can. by the way, three dow stocks hitting all-time highs this morning. apple, walmart, and home depot. not a bad way to start although the dow just turned negative. what the heck. we will get into that. see if there's any major reason. >>> meantime, big ten players are now petitioning to reinstate the 2020 football season but is there any way that could work? former auburn football head coach tommy tuberville will be here to talk about that and other subjects including politics. >>> take a look at draftkings. the betting company has already been knocked down from the canceled sports. now they are being hit by the irs. we hav

. >>> local elected officials join workers at a san jose mcdonald's for lunch time rally today. they are demanding more pp and hazard pay. workers at the first street store claim that a 16 year employee was fired late last month after speaking out against the conditions and organizing walkouts. >> they said i working as essential but they are not bringing ppe or bringing nothing for me. no respecter nothing. ú>> they are the ones putting themselves and their family and their health at risk. it is the food service industry from the farmworkers to the restaurant workers that are allowing us to stay home and follow public health orders. >> the workers telus conditions improved after their initial complaints but not enough. we have reached out to mcdonald's for a comment, but so far we have not heard back. >>> in two hours antioch unified school district is expected to resume a meeting over school resource officers. one board member was participating remotely written, when the meeting was shut down by protesters. >> in the next room they are beating on the door and we cannot have a

mcdonald's is going to have to make some serious arguments, in other words, one of the arguments thatith mr. easterbrook they claim they should claim that they had more they have more liability now than they did then, because when they sat down with him, are he wasn't truthful we are finding out now that there were other things that were found, in the actual corporate e-mail when indicates he not only had original relationship of which he actually admitted to in 2019, but now has found that he has two more relationships. now, there was an actual commitment contract indicates in this business of mcdonald's you cannot have relationships with employees meanwhile, admits to this relationship, that started back in 2000 that was back in 2019. and now here we are with two more. frankly if i were mcdonald's i would say we would have never signed this agreement had they known what was going on, and they would frankly, the other argument is frankly the agreement was fraud. i say that, because -- easter brook sat there knowingly signed off on this agreement. he admitted to one relationship, and

. >>> mcdonald's is suing estabrook accusing him of lying and fraud.fired for inappropriate sexual relationship with an employee. he still walked inappropriate s relationship with an employee. he walked away with a large compensation, around $40 million. mcdonald's now claims that easterbrook had three sexual relationships in the year. one of those individuals awarded a large batch of shares so mcdonald's looking to get back the compensation. so they're looking to see who knew what when. eastman kodak shares went down yesterday. as the sec investigates a high volu s volume loan that was made. >>> coming up on "morning joe," confusion and frustration over the president's executive order on unemployment benefits. governors and state officials from both parties are sounding off. plus eugene robinson and what he calls the, quote, wreckage joe biden may acquire in november. and a look at next week's democratic convention. "morning joe" is moments away. . "morning joe" is moments away. n with a boost of b vitamins and energy from green tea. new dunkin' refre

the mcdonald's ceo steve easterbrook is rpoinesndg to the call back of his sefrns pay. after the break. i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades. ♪ >>> new developments in the bombshell lawsuit brought against mcdonald against steve easterbrook. he granted one employee stock options and conspired to keep evidence of the relationships secret he is not denying the existence of the relationships they filed a meritless and misleading lawsuit in the wrong forum. they argue that mcdonald's has not received any new information since the board offered him the separation agreement by all the corroborating e-mails have been in the company's possession and the suit is filed in the wrong state. delaware where mcdone saldz incorporated instead of illinois where it is hea

and it wasn't kind, quite frankly, to black folks. >> they go from mcdonald douglas to mcdonald's. >>t's right. >> look, we've talked about this before on the show. there is a boat load of historical economic factors that lead to this, starting with the boats. what started with deindustrialization in the late '50s and '60s continued into the '70s and '80s with war on drugs. we're off to the races. hillary clinton calls it. economics, red lining, these guys, and her, what was he talking about? welfare reform, one of the good ones. ice t gets in trouble with the president, ted cruz, incomes -- ah! it's a confluence of all these things together that hit the black community like a ton of bricks. >> we've heard this narrative all over the country. the factories shut down. people don't have access to jobs. middle class collapses. does that mean you're excited about trump bringing the jobs back? >> i'm still trying to track when america was great for black people. >> yeah. still working on that. (vo) with t-mobile for business, your business has an easy choice. the largest 5g network... awar

. >>> this morning, mcdonald's is suing its former ceo. the faster company says he had an inappropriate relationship with an employee. he covered up relationships with other employees and destroyed evidence. according to the lawsuit, he allegedly approved the suppression of grant with hundreds of thousands of dollars to one of those employees. mcdonald's wants to reclaim that money. >>> the coronavirus outbreak, the worst pandemic since 1918. another dangerous virus is making headlines around the world. we are talking about the zika virus spread mostly by mosquitoes. there were an estimated 650,000 cases worldwide in 2016 causing more than 3700 serious birth defects. 80% of those infected did not show any symptoms. >> it was very much like covid. it was a virus we had not been exposed to before. there is a lot a susceptible population. >> the global health alert for the zika virus was lifted in 20 18. experts warned that there are cases and parts of south america which is raising concerns of another global outbreak is possible to extract n

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video posted on social media shows what she claims is a mcdonald's burger and fries from 1956.e box in her closet. please take me to commercial so i can hurl. to give you the protein you need with less of the sugar you don't. [grunting noise] i'll take that. woohoo! 30 grams of protein and 1 gram of sugar. ensure max protein. with nutrients to support immune health. ♪ ♪ ♪ ♪ ♪ ♪ no calories, no sweeteners, all smiles, bubly sparkling water, crack a smile. mucinex cold & flu all-in-one. fights... oh no. no-no-no. did you really need the caps lock? mucinex cold and flu all-in-one. >>> covid-19 restrictions are easing in several pay area counties, more businesses are anxious to welcome back customers. >>> and firefighters are winning the battle against the major wild fires burning. >>> and more protests erupt over the police shooting of jacob blake, one taking a deadly turn as president trump is accused of stoking racial tensions. good morning, it is august 31. before we get to all those stories, wishing a happy monday to my friend, mike nicco. happy monday. >> happy monday. you ca

mcdonald's, a different company from this.y are run by franchises but much more essentially located with the idea that if it's a test, they will blow it out. and i think that this is such a great product that this may be the next leg of the stool. and it really is borne out by how quickly you did sell out, which isn't a highly unusual thing for a fast food company. >> we're doing great in these relations we have with the qsrs whether it's hardee's or carls junior they are all coming out with new products during the pandemic they are allowing us to drive traffic not only here in the united states but also in china lost 3,000 stores. so, the world continues to move forward. we're going to get out of this pandemic we're going to be stronger than ever and we're really excited about our future >> all right now i felt it was important to bring that up because of how good it tastes you were on last time. and you said you had to pivot. you had a once-in-a-lifetime opportunity because of all the problems of tyson. tyson meaning people

mcdonald's is investigative -- allegations.he mcdonald's is investigating the ceo who was fired in novembera relationship with an employee. it is alleged he had multiple affairs with workers. the company concluded he lied and concealed evidence in the initial investigation. easterbrook has denied the claims. that is the latest on a bloomberg business flash, matt. matt: alright, we are looking at the extension in germany of the until thet program end of next year. let as the government seeks to stabilize europe's largest economy. the subsidies, originally intended to last 12 months pay the bulk of paychecks and allow companies to hold on to workers through the financial turmoil. treon,joined by anneka managing director of equities at camkempen. i guess it is not a huge surprise. is it positive news for investors? positiveabsolutely news because it is yet another signal and another indicator that governments are willing to do whatever it takes to prop up the economy. anna: that is what makes it positive. is it invest about, something that will drive further flows in terms of investor allocati

. >> good for the consumer first let's talk mcdonalds and mctrouble. an explosive turn today. the hamburger company slamming easterbrook calling him morally bankrupt after he requested the restaurant's lawsuit to claw back hisseverance package be dismissed. they filed a lawsuit after discovering he lied and covered up information regarding three other sexual relationships he had with employees during its internal probe last year all of this comes on the heels of a new report from "the wall street journal" that mcdonald's former head of human resources is now emerging as a focus of the investigation. joining us now for more is the author of that report, heather hadden from "wall street journal. thank you for joining us this saga is unbelievable. it is unusually public getting pretty heated between the former ceo and the company what is your reaction to the company airing this dirty laundry? >> it's unusual for the issues to come out so publicly off a board of a major company will handle these kind of matters quietly. mcdonald's has taken this strong stance to claw back severanc

you don't know mitch mcdonalds, you got a -- date?ady i'm laughing at it break a leg at the emmy's. >> thanks, jimmy >> jimmy: and break a leg this season i hope to see you in person soon >> i know. >> jimmy: thank you so much for coming on the show cecily strong, everybody we'll be right back with a a performance in studio of trey anastasio >> thank you for having me >> jimmy: stick around, everybody. thank you, cecily. >> bye ♪ first up is this exquisite bowl of french onion dip. i'm going to start the bidding at $5. thank you, sir. looking for $6. $6 over there! do i hear 7? $7 in the front! $7 going once. going twice. sold to the onion lover in the front row! next up is lot number 17, a spinach and artichoke dip, don't get mad get e*trade and get more than just trading investing. banking. guidance. red, blue, 16 percent undecided. here we are a nation divided. but 2020 had us shook. so we gave the world another look. and saw a future of differences celebrated. every voice advocated. just imagine the possibility. of a world where w

joining me now are james mcdonald, the investor at hercules ininvestments and brian weinstein. brian weinstein, let's talk about whether the massive bull run in bonds is over >> well, for a little while. i think we tested how far we could go in treasury yields down in those 50 basis points for a 10-year note and there's a lot of supply coming it's gotten quiet, people have gotten long. i think on the other side the fed is still out there i think the idea the 10-year notes are going to go wildly above 1% is hard to believe. so, yeah, we've probably done most of the work for now as far as low yields. we'll come back to it in a bit but there's room for yields to go a bit higher. >> james mcdonald, let's talk about what it looks like from a person who has to look at the overall market is your view somewhat changed given what you saw out of the fixed income complex over the course of this last week does it mean we're due for more volatility across asset classes going into the november elections? >> volatility is imminent. it's unavoidable if we study markets on a weekly basis, month

shery ahn: jim mcdonald joining us out of chicago. the dollar higher in the fed minutes focusing on the fx impact. our guest will be with us, next. the latest talks between washington and beijing may have been after all, despite action from the us when it comes to hong kong. that is next. this is bloomberg. ♪ oomberg. ♪ focus ofs. remains a the covid-19 pandemic, but number slow, florida indicating the following. other countries are tightening mayrictions, while the u.k. test passengers at airports, and france has its biggest bike since may. hong kong has reported the lowest numbers, along with fewer infections with unknown origin. passed 35% for the past six days. thailand is considering extending its state of emergency to prevent a new wave of cases. germany's leading aviation body is proposing omitted air corridors for a resumption of flights between the u.s. and europe. it would require passengers to produce a negative covid-19 test before boarding. generated $1rk billion in annual sales before the virus shut it down. everthe larg

a victory for workers at the oakland mcdonald's who claim they were forced to wear coffee filters onroper masks. panel alameda preliminjunction against the owner of the telegraph avenue franchise. it imposes nearly a dozen new state health and safety requirements to be followed for the next six months. the plaintiffs claim at least 25 workers contracted covid-19. the franchisee told us injune he personally purchased 3,000 masks and # hundred sets of gloves for employees and so far he has not spended to >>liloat and a new survey finds that nearly half of americans have taken or plan to take a vacation during the pandemic. according to ipx, just 27% have followed through on their original travel plans. but another 20% say they are keeping their reservations. 37% of respondents say they have put their plans on hold. >>> san francisco's tourism industry could see a loss of more than $10 billion through 2021. the city's tourism bureau expects business and leisure visitors to spend $3.1 billion . and $5.5 bixtye. in9. the l nuer ofisby 52%. >>> new this morning, doctors are telling caa it'

mcdonald's is suing him for fraud, destroying evidence, and moral terp dude.back by firing him with clause. the company accusing him of having multiple sexual relationships he hid mcdonald's using strong language today with regards to the claims the suit should be dismissed in part because he did not hide his own misconduct well enough saying investigators should have uncovered it when they were negotiating his severance package. we'll bring you any updates we get. carl, back to you. >> just an amazing story we know you'll stay on top of it for us >>> let's get a news update with sue. >> hello good morning, everybody. here's what's happening at this hour the first known direct commercial flight from israel to the united arab emirates as taken place. it's a sign of the normalizations between the mideast countries. >>> in new jersey restaurants are being allowed to resume indoor dining operations starting this friday capacity will be limited to 25%. the governor will give more details on the reopening later today. >>> and in nebraska ranchers are trying to catch

the most violent -- i thought the most violent was when we went to mcdonalds. i think that was the -- i think that crowd really meant to hurt us. and i think what helped us was the owner locked the door -- locked us in and turned that gas on. but i think if we had not been locked in, the audience i saw on the outside, they really had weapons and bats and i think they would have hurt us real bad. >> can you describe that moment a little bit more -- i don't understand when he turned the gas on. >> when we were in there, the kid that was working there, they left and went out. and we were still at the counter waiting to be served. and they locked the doors. now the gas was not the natural gas. it was -- what kind of gas was that? that foggy -- they turn that gas and it burns you. it gets in your eyes and shuts your breathing off. what is that gas called? >> tear gas? >> yeah. what helped me with that was, my brother, troy, was in houston. he had talked around at home about that gas because police would shoot it sometimes. and he said -- the way you hound that is, t

but in a statement to cnbc, mcdonald's says it stands by his complaint. both the factual assertions and the court in which it was filed. and the dean of harang gets voir dire's school of public health is calling on companies to put public health professionals on the board and in the top executive ranks to manage the pandemic threat. in comments to the financial times, covid-19 layed bare how essential it is to be prepared for man made disasters they have gone out and hired independent experts and diseases and the like to come on and advise their companies about best practices it's a big change in the way they conduct business frlth it's probably smart too scientists seem to agree that they'll be with us for awhile. we'll see you in a few minutes thank you very much. >> sure. >> all right back now to the markets. you have to put your inflation hat on because the signs are coming that inflation after years of being nowhere is finally there. the chief investment officer of the advisory book. he joins us now. good morning, by the way happy monday or just a te