McDonald’s shares dip on E. coli outbreak
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 23 October 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Wednesday, October 23rd. I'm Julie Morgan. |
| 0:13.2 | McDonald's takes a hit. |
| 0:15.2 | Spirit and Frontier are reportedly in talks again, |
| 0:18.7 | and Disney wants every penny of its subscription fees. |
| 0:23.7 | McDonald's disclosed on Tuesday |
| 0:25.8 | that initial findings from an investigation |
| 0:28.3 | into an E. coli outbreak indicate |
| 0:30.7 | that a subset of illnesses may be linked to slivered onions used in the quarter pounder, |
| 0:35.8 | also known as the Royal with cheese, and sourced by a single supplier that serves three distribution |
| 0:42.0 | centers. |
| 0:43.0 | The restaurant chain said that in line with its safety protocols, |
| 0:47.0 | all local restaurants have been instructed to remove their product from their supply |
| 0:52.0 | and McDonald's has paused the distribution of all slivered |
| 0:55.4 | onions in the impacted area. |
| 0:57.9 | The Chicago-based company also temporarily removed the quarter pounder from restaurants in the impacted areas including |
| 1:04.9 | Colorado, Kansas, Utah, and Wyoming, as well as portions of Idaho, Iowa, Missouri, |
| 1:11.9 | Montana, Nebraska, Nevada, New Mexico, and Oklahoma. |
| 1:16.6 | The CDC said the outbreak involved 49 incidents across 10 states, |
| 1:21.8 | with one death and 10 hospitalizations being reported. |
| 1:25.6 | The person who died after contracting E. coli was described by Colorado health officials |
| 1:30.8 | as being older and with underlying conditions. |
... |
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