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Wall Street Breakfast

McDonald’s shares dip on E. coli outbreak

Wall Street Breakfast

Seeking Alpha

Business News, Investing, Business, News

4.11K Ratings

🗓️ 23 October 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

What investors need to know about the McDonald's (MCD) E. coli outbreak. (00:23) Spirit Airlines (SAVE) jumps on report of renewed merger talks with Frontier (ULCC). (02:17) Disney (DIS) reportedly not letting new users sign up via Apple's App Store. (03:18)

Episode transcripts seekingalpha.com/wsb.

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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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