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Rebel Capitalist News

News: McDonald's Reveals New Data Suggesting A Recession Is Near

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 22 May 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.✅ Come to Rebel Capitalist Live here https://rebelcapitalistlive.com/   ✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro   ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

Click on a timestamp to play from that location

0:00.0

Hello full over Robocapagos hope you're well so we got some big news out of McDonald's more news

0:05.6

Been hearing a lot about them lately with their earnings saying that the consumer at the low end is being squeezed because of inflation that's in their

0:16.3

purchasing power declining. You guys know the story. But now they're coming out with a new promotion that really gives some insights as to not only

0:25.6

what's happening with the consumer but maybe more importantly what's happening

0:29.7

at McDonald's and these corporations that are now getting squeezed.

0:35.0

You see, back during 2021, 2022, maybe 2023,

0:41.0

people had, were flushed with flushed with stimulus and PPP.

0:44.2

You guys know the story.

0:45.6

And so these corporations were able to continue to raise their prices, raise their prices

0:51.1

to make sure that they had plenty of margin based on their inputs. But now what we see

0:57.4

is the consumer can't take the price increases, but yet their input costs are continuing to go up to where

1:06.7

now their margins are getting squeezed to a point where they can't do anything about it.

1:12.1

This is how the cycle plays out over and over and over again.

1:16.7

Let's go right over to this story and you'll see exactly what I'm referring to.

1:20.5

McDonald's franchisee group says $5 value meal can't last without company investment.

1:29.8

So just looking at the headline you say, oh, well, that's great.

1:33.3

McDonald's is so flushed with money all these franchisees that they're able to still offer a $5

1:40.3

value, I guess not still, but they're able to reintroduce. dollar value meal because they know

1:45.0

a five dollar value meal because they know that low-end customer is getting

1:50.6

squeezed is exactly what they talked about in their earnings.

1:54.0

But you got to read the fine print.

1:56.0

You see, this is simply a promotion just for one month.

...

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