steve easterbrook is here following his company's investor day.ater, jack ma, more than 12 billion in sales and counting on singles day. ma is at beijing's national aquatic center. we see him on the right where alibaba is hosting its global shopping festival. he will ring the nyse opening bell remotely from beijing. we'll get that in about a half hour. tim farley of the nyse on the left there. mcdonald's wrapping up it's investor day yesterday laying out a performance day for last year saying it expects a pick up in sales. shares of mcdonald's hit an all-time high yesterday. joining us at post nine is steve easterbrook, ceo of mcdonald's. great to have you here. >> great to be here. >> street liked what you said. you said the words gaining traction. analysts trying to pin you down on whether we're building in q4 versus q3. you didn't go there. >> the analysts are persistent. i'll give them credit for that. we moved away from monthly sales reporting at the end of june to now quarterly. it was tempting to give everyone the inner detail. we will stic

some of the fast food restaurants about this fight for 15, but we know the ceo of mcdonald's, steve easterbrook, he's said before that he wants to transform mcdonald's into a modern progressive burger company, and union leaders tell me that least it gives them hopes that mcdonald's as a company will increase the wages for its employees, and there is yet another rally that will take place later today just like this, 4:00 p.m. bile toly square. rhode island, katherine creag, news 4 new york. >> long issue that continues today, thank you. >>> a sexting scandal that led to dozens of students being suspended is being met with protest at kings park high school on long island. suffolk county police say two 14-year-old boys from smithtown were arrested for recording and distributing a video showing an underaged girl engaged in a sexual act with one of the boils. but one of the suspended students who went to school this morning was turned away by police. his father says many students are being unfairly and arbitrarily punished for simply receiving that video. >> all by 20 kids friday, guys, not one foot

steve easterbrook. >> talk of a deal in the railroads. emerging again. what is driving m & a action in this sector? should you buy those stocks? plus, the latest read on the american housing market. the most and the least expensive housing market in the nation. you're watching cnbc, first in business worldwide. don't change the chabl. equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night. . >>> mylan is doconfident of the successful completion of an offer. that should be finished friday morning. and vodafone is moving higher with the mobile phone giant boosting the full year earnings outlook despite a first half loss. the outlook comes amid a recovery in the key european market and product development. that stock up is by 3.6%. >> controversy swirling at the university of missouri following the departure of the president and the school's chancellor is moving to a new job. phil lebeau is live in columbia with the latest. hi, phil. >> hi. there is a sevense of normalcy return

we will see how steve easterbrook does as things do progress.ed to check on apache and anadarko petroleum. was anadarko that approached apache -- this would be the largest independent oil and gas loser, the largest deal of this year. both stocks are trading lower. one oil analyst at oppenheimer said it's not a good combination and the market agrees. a defensiveould be move to ward off a potential takeover bid because anadarko has been viewed as a potential takeover target. especially pharmaceutical pumping mentioned yesterday, shares rising today after falling sharply yesterday. he talked about shorting the stock in an interview but it looks like investors were not convinced. on stock actually spiked heavy volume and the other stock he talked about shorting, today he said that has been repositioned somewhat. michael pearson holding a call today trying to answer calls about his relationship with filler door. those shares look like they are going to finish lower. for more on the markets, i want to had to devise president of eaton vance management.

tom we'll hear directly from steve easterbrook. >> huge. huge.f the restaurants this is the only one working. it's because of this man who has taken out the menu -- the items too hard to make. trimming the menu, won over the franchisees. has 98% of them back. he's real. what? >> i don't doubt he's real. you tell me he's real, i believe it. >> he's very real. i'm looking at you, he gives me that quizzical face. like when i tell him i go shopping, i want him to come with me to costco. >> i look forward to that trip. i look forward to the costco trip. >> will be a trip. you'll get one of those giant teddy bears. this guy is for real. he's come in with a head of steam. he's come in technologically oriented, but most importantly the throughput, it's easier to go there and they don't make as many mistakes in your orders. because you're no longer ordering the wine -- >> that's more like the uk. >> yeah. he got rid of the difficult things to make, including the quinoa smoothie. >> those are tough. >> we'll get the mad dash and count down to the opening b

mcdonald's also of course increase their dividend which investors like and i should point out that steve easterbrookl be speaking to carl later at squawk on the street today at 10:00 a.m. eastern time and do you know what i'm really interested in carolyn? the all daybreak fast. >> i was just thinking about that. >> i'm wondering how that changed. >> still made it's rival here at the u.k. i'd be disappointed. >> thank you for that. >> moving on in a major blow to their business and potential survival. new york is ordering daily fantasy sports sites to stop taking bets in that state. let's get out to landon dowdy in new york. >> new york attorney general eric snyderman sent letters to the top executives of draft kings and fan duel which has come under fire into whether they violate gambling laws. he says after a month long investigation he's concluded their operations amount to illegal gambling as their daily contests are essentially games of chance and not skill. he says the adds mislead players about their chances of winning and only the top 1% of players get the most prizes. he says it's clear they

ceo steve easterbrook told neil how he scored after four back to back quarters in the red, listen. >>irst thing we set out to do seven or eight months ago was to inject a new sense of urgency in business, and i said the pace of change outside mcdonald's had been quicker than the pace of change in. that's not great when you are a consumer facing business. the fundamentals of running better restaurants. liz: so you know, right here on the show, a guy named jack oliver who runs a hedge fund, napa, he had come in and said buy mcdonald's, that was before it turned positive. so he has said it a couple weeks ago on fox business over the summer, you got to buy mcdonald's. easterbrook has only held the top spot for nine months, that is a nifty turnaround. >>> gold prices may be nearing six-year lows but if you had a whole entire mine of gold, you may not worry about that, right? "strange inheritance" is finally here, the second season, and at 9:00 p.m. eastern, jamie colby talks to a man, an incredible story. he inherited an entire gold mine. listen. >> how far down is that? >> 1650 feet. >> w

coming from steve easterbrook, he said instead mcdonald's will focus on cutting costs.e of the other headlines coming out, he said mcdonald's will open about 1000 new restaurants. about 93%y sees being franchised in terms of its andtions on the end of 2018 wants to be 95% franchised in the long term. it looks like not owning as many of its own restaurants. the company says it is boosting its forecast for how much money it intends to return to shareholders by $10 billion over its prior forecast. those are just some of the headlines. shares are higher by half -- .5%. i want to turn to where we are not seeing much green on the screen. part of the selloff we are seeing today, this one in particular has been accelerating after the company posted a loss that was much wider than what analysts had been anticipating. and analysts said it is a little bit of a tail wagging the dog situation. if you look at the two companies , they were formed to buy the company's wind and solar. a lot of concerns about structure. it is widely held by hedge fund. it is not just limited to selling o

ceo steve easterbrook along with members of their marketing team. at the nasdaq, vwr corporation.y products supplier. celebrate its first listings anniversary. we'll get cisco tonight, jim. and we might hear from them more directly tomorrow. >> it's a very expensive stock. chuck robb is doing a great job. is this a blowout quarter? the guy has really invigorated the company. this is not necessarily the greatest moment in the world for tech. but my charitable trust owns it and it's doing a lot of things. >> worst week in ten for the dow is not saying a lot. we haven't had a losing week in almost two months. >> that's important to point out because the gloom is so palpable so quickly. a lot of that is due to the fact the dollar -- draghi is saying all these things that make the dollar go higher. and there's this great conundrum going on. for a long time we felt when oil goes down, good for gasoline, for the consumer. the macy's situation has clouded that. owl going down, copper going down is signalling to a lot of people, are we going into a gigantic slowdown at the same time mr. bu

neil cavuto talking to steve easterbrook. don't miss it. right here on fox business.tmas letter that makes fun of a mental illness or a holiday ad suggesting that date rape is okay. we will show both of them to you and you decide. a brand-new season of strange inheritance. it starts at 9:00 p.m. eastern. >> it was legitimately signed by joe jackson. >> in my head i'm thinking i am sure you also have a bigfoot / loch ness monster / signed baseball behind that as well. ♪ wow! ♪ how else do you think he gets around so fast? take the reins this holiday and get the mercedes-benz you've always wanted during the winter event. hurry, offers end soon. amerivest selects the funds and manages your portfolio. is it run by robots? no no, you can talk to a person anytime. 'cause i don't trust robots. right...well, if the portfolio you're invested in doesn't perform well for two consecutive quarters, amerivest will reimburse your advisory fees for those quarters. i wasn't born yesterday. well, actually it looks like you were born yesterday. happy belated birthday. thanks. for all th

steve easterbrook is here following his company's investor day.ing on singles day. ma is at beijing's national aquatic center. we see him on the right where alibaba is hosting its global shopping festival. he will ring

we will see a steve easterbrook sitting down with neil cavuto at noon eastern time right here on thek. facebook says the government is demanding more and more user data. according to a new report u.s. authorities made the most requests for users information in the first half of the year while india and turkey had the most take downs for content and violated laws collage and look at this. a big scare for airline passengers. aflame forced to make an emergency landing, a fuel leak -- landed in huntsville after the crew reported the issue. >> the national debt during the republican presidential debate on tuesday night. listen to candidates take on how to tackle federal spending now. >> we asked people on facebook to submit questions for the candidates. we are approaching $20 trillion in national debt specifically what plans do you have to cut federal spending. >> not 11 or $12 trillion that would put my children further in debt. i have a plan that would not only cut taxes, lower the income tax rate for individuals, lower taxes for businesses of businesses will compete here and not move o