. >> reporter: the numbeen of apar completed in the u.s. hit a 30-year high accordingo al page but occupancy was still good at 95%. the concern n is going forward. more apartments coming to the market with less demand will mean concessions and lower rents, great for renters but not for developers who are already paying top dollar for lean labor to top off their projects. for "nightly businesseport," i' diana olick in >>washington. mcdonald's is cutting jobs and that's where we begin tonight's market focus. the fast food chain saidul it layoff an undisclosed number of workers in an attempt to streamline operations and reduce costs by the endf 2019. mcdonald's said it would end iidance on the number on positionsacted by the town hall meeting which is set for june 12th. mcdonald's shares rose to $169.48. j.m. smucker's said weeker demand causedrofit and sales to disappoint. the maker of jiffy and pillsbury said the increase in marketing costs would cause the earnings for the year to come inr wea than expected. shares were off 5% to $100.80. >>