steve easterbrook has his work cut out for him. tom: scarlet, thanks. aback by boeing's idea in the manufacture of 5000 airplanes. let's get to the top headline. brendan: death penalty opponents are demonstrating at the courthouse where jurors are deciding dzhokhar tsarnaev's fate. prosecutors claim he is not sorry for what he did. they showed jurors a picture of him defiantly making and it seemed just or while in jail. another partisan battle could be sparked in washington. michelle leonard step down after eight years as dea chief. she faced criticism over a scandal involving agents and prostitutes. president obama named loretta lynch to succeed eric holder five months ago. she would be the first african-american woman in the top law enforcement job. as fans outside cheered lawmakers ok'd a city in construction plan. they hope to lure the oakland chargers to san diego. tom: let's look forward. what an interesting story. this is in london and west of london in near heathrow. a flash crash trader is under arrest and hoping not to come to the united state

what steve easterbrook said on cbs this morning about the reasons behind the pay raise. >> ultimatelydrive the turnaround we want to deliver better customer service day in day out in our restaurants, motivate teams, you can retrain the talent motivated teams in restaurants typically we'll see better levels of customer service and that will help us in the competitive environment we're in. >> big full page ad in the washington and "usa today" acknowledges that a lot of people do not believe this is going to be enough. we will see. i also -- personal time off, a crew member who worked for them for one year for any reason. >> i think there will be people who make a lot of money who will sniff at this. i say no these are positive for the u.s. economy. add up all of the different raises and they are raises i know that someone who is making huge amounts does not think this matters but it does matter. and i think the personal days do matter and it paints a positive picture for perhaps wage gains, unless you're some of these people who like no wage gains because they trade bonds. it is a five

don thompson and replaced him replaced him with steve easterbrook, the former head of mcdonald's europe, who promised a turnaround on "cbs this morning," earlier this month. >> what we recognized is the pace of change outside of mcdonald's has been a little quicker than the pace of change within. we have run this effort a sense of urgency and purpose to make the meaningful changes customers care about. >> reporter: easterbrook said mcdonald's will announce its turnaround plan may 4. that gave the stock a 3% bump today. but analysts say it will take a year or more for that plan to have any impact. >> pelley: anthony mason, thank you very much, anthony. dr. oz answers critics who say his tv show promotes quack medicine. and a 102-year-old dancer sees her prime for the first time when the "cbs evening news" continues. allergies can distract you. so when your symptoms start, doctors recommend taking non-drowsy claritin every day of your allergy season. with claritin, you get powerful, non-drowsy relief 24 hours a day, day after day. which is important because with fewer symptoms to distract

steve easterbrook became ceo on march 1st.ning. >> good morning. >> pleased to have you here. talk about the minimum wage of owned stores and why you couldn't do it for your the franchisees. >> sure. >> first, why did you want to do it and how do you decide how much you can do. they're asking for like $15 an hour. >> sure sure. look. we're at a really interesting point in the evolution of mcdonald's. this is our 06th year and we find ourselves in a turnaround situation. i want to serve mcdonald's as a progressive company and to do that you've got to make meaningful changes through the business. whether it's the food the core food or the employment situation. in the announcement yesterday we think it will resonate and make a difference to 90,000 employee. partly because ultimately to drive turnaround we want to deliver better customer service. most teams, you can retain their talent and have motivated teams in a restaurant. typically i we'll see better levels of customer service and that will help us in the environment we're in

this is a disappointing earnings report certainly for the new ceo steve easterbrook, who just became ceo to set aside for what he plans in terms of turning around the company and creating some growth on the top line but some value for sure holders -- for shareholders. has met with analysts and is laying out that he is possible and open to different options but he hasn't committed to a strategy just yet. even the leverage is a possibility it is something they are not shying away from necessarily and they will not commit to any kind of strategy immediately which meets in the meantime mcdonald's needs to gear this gigantic ship around and turned the negative sub sales into something that stops falling and is something positive. i will continue to look through all of this but we are going to head over to betty liu and "in the loop" right now. betty: thank you so much for going through those numbers. we are 90 minutes or from the opening bell. we have a great show coming up for you. a rare moment when some republicans and the president are locked up on trade. paul ryan joins us in just a

. >> nicole has steve easterbrook outlined a strategy.and experience changes. do you have a firm turn around story in your head you could help articulate here. >> we're still living the results at this time. any menu or marketing change to get through the pipeline. whatever it is easterbrook wants to do is not showing up today. i think he's expressed to the franchise what he wants to do. in terms of the onlyist community, it need to be a more direct solid plan. >> they're quiet battered and this is expensive. >> i think that if the performance shows up they will follow suit. that is what we think is the critical aspect of the mcdonald's turn around story is getting the franchises to buy in. hearing what it is they want is critical and paramount. >> just to underline it to bottom line it the of the two stocks chipotle and mcdonald's which is the better bet for the whole year? >> i think investors living in the large cap world look at chipotle. >> have a great day. joining us from piper jeffrey. >> while the dow is down coke shares are trad

. >> kendall, the new ceo steve easterbrook took full-page ads out in the newspaper today saying i'mew ceo, a new mcdonald's, a new culture, i'm doing wage hikes, we're going to offer education assistance. do you believe he's going to move the company in the kind of direction you'd like to see it or do you think it's all just talk? >> i think it's a pr stunt. what he needs to do is sit down with brooks who i met a couple weeks ago who works at a corporate mcdonald's. she makes $7.25. now she's going to make $8.25. still not be able to feed her kids and clothe them and keep a roof over their head. >> michael, what do you make of this? >> well, i mean i think the seiu would know a thing or two about a pr stunt. they've spent the last couple years plowing tens of millions of dollars into orchestrating this faux grassroots pr campaign. it's essentially designed to demonize restaurants. i mean, the only thing that's going to be enough for the seiu is when mcdonald's employees are dues paying members of the seiu. the fact we're asking this question isn't enough is indicative of how far off

>> you know the ceo of mcdonald's, steve easterbrook, has come out with these strategies to overcome others. workers are upset, shareholders are upset and mcdonald's has to take drastic measures. when it makes a decision to raise wages for just 10% of the workforce and calls it an investment in its people and its product, there's something that doesn't connect there. and that's a really significant indication of what it's really trying to do with the wage increase while at the same time it captures a third of its company revenues from the fees royalties and rents that it receives from franchisees. >> i think i'm finished chewing there. it's not the hottest egg mcmuffin. michelle i found one of the interesting things about this announcement was the educational assistance it's extending to all of its workers, even those that work at the franchises. i'm just wondering why can't mcdonald's do the same thing around wages? >> it can. it doesn't want to. to be honest i think the educational assistance that's great. i wonder if it has something to do you probably know better than i do whethe

but i think people are eagerly awaiting what steve easterbrook has to say and the turn-around plan.. >> this guy is someone that has had some success with what he's done in the division that he was running at mcdonald's, so there's a feeling that he may know what the right medicine is. we're just waiting to see what that is? >> yeah. there's a sense of optimism surrounding steve right now. i think if anything the way he's positioned himself to explore all options to enhance shareholder value right now. i suspect that we'll see four priorities today. a lot of focus on the menu and what changes need to be made. >> you don't expect to hear that today. he's now saying he's going to put that out in this plan on may 4th, riot?ght? >> i think we'll see some direction, some hints towards what we'll see there. we'll also see some emphasis on improving franchisee relationships, what it takes to turn around japan and germany as well as maybe some hints towards refranchising or at least acknowledge they have looked into retransactions. i think those are the things the market wants to hear from

but investors were optimistic as the newly minted ceo steve esther brook is working on a turnaround plan. >> the easterbrook plan the starting point for a trnarn for the story. they have passed what they've committed to. go after fresher ingredients because that commands pricing power in today's environment. again, it won't turn around overnight. >> we ar still living the don thompson environment because anything would take 18 months to get through the pipeline. we think what is a critical aspect of the mcdonald's turn around story is getting the franchisees so buy in hearing what they want is critical and paramount to the mcdonald's recovery and success. >> another shared concern is the stronger dollar hurting nearly every american company that does business abroad. the bottom line for coke and mcdonald's both iconic companies that need to find a way to appeal to millenal consumers to drive growth again but for now giving investors cause for optimism. i'm sarah izen. >> different story for boeing. there was concern about the cash flow orders and cost despite beating earning estimates. they cited costs for