Hello, fellow rebel capitals. Hope you're well. McDonald's out with earnings today. And it was

ugly. It was real ugly. Also, initial claims out today. You guys know from watching my videos,

this is something I've been focusing on a lot lately looking for softness, weakness, or maybe strength in the labor market.

So we've got a lot to talk about, that's for sure.

Let's first start off by doing the old screen share.

Yeah, let's start by going over to CNBC and looking at what on earth is going on with McDonald's.

Holy cow.

Reports largest U.S. same store sales decline since 2020.

And my guess that's not even adjusted for inflation.

But regardless, largest same store decline since 2020.

Now, you could be saying, well, Americans are just eating more healthy, maybe at the higher end.

But I don't think you would see, if that was a trend, I don't think you would see just a dramatic drop in one quarter.

You would see that play out over time, right?

And I can't help but think this is especially what's this called the poor middle class that are just completely and totally tapped out.

Let's get into the article here.

Key talking points.

McDonald's USA, okay, you got that.

The drop worst in McDonald's home market United States since the 8.7% plunge in the

second quarter of the survases sickness.

You know what's funny is I looked at a couple comments,

and I've been saying that for so long.

A lot of the people that are new to the channel don't know why I say that.

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