Close a nearby restaurant. Im joined by tom sullivan, veronica daguerre of the qsj, Brian Kilmeade cohost of fox friends. Thanks to all of you for joining us. Tom, let me start with you. I wonder why mcdonalds is selling more franchise. You wonder why. Here is the problem the majority of people in the polls say asked would you like a give a minimum wage increase yeah of course. Everybody knows that middle class income has gone down, not up. People are feeling sorry for people. The problem is restaurants make about 4 to 5 profit margin. These the wage increases are going to be maybe 20, 30 . You cant, it doesnt pencil. Melissa very healthy debate broke out on my twitter to feed when we did this. People posted signs at automated mcdonalds. They dont have somebody at counter. Others say the ceo is making millions, why cant he pay a little more. Brian, what do you think . I would like to see the profit margins. Its a public company. My feeling when you have the minimum wage job, you need t
A race to the bottom for currencies and Interest Rates. What is wall street doing . Record highs across the board. Varney and company is about to begin. Stuart looking here. That is the nasdaq. First time since the dow on days. Cheryl casone with me. Going through this together. Is that a bubble . This has been a very slow build. We used to think that the nasdaq was just technology. It is not anymore. We have a mind set. You are quite right. I agree with you. News this morning that air bnb is worth 20 billion. Snap chat. These are not listed companies. I think that is the bottom. Who do you think is pushing these expectations. The rest get that you know what out of them because they bought the stocks at these superhigh levels. Let the good times roll. Look at the big board right now. The dow at 18,248. I do not believe we have been there before. I believe it is a new intraday high. I have a stock for you. Mcdonalds. Seems like just two weeks ago it was 90. Another stock story of a very
Ceiling. The white house indicated that it would consider the sixweek increase. It is not a complete deadlock as both sides have agreed to keep on talking. Police in libya are still looking for answers after the Prime Minister was kidnapped and then released. Ali zeidan was taken from his Hotel Room Early from a by a militia group. He was unharmed. Officials in panama city the weapons found aboard a ship three months ago or in good shape and recently used. The jets have full engines and full tanks of fuel. Those are the top headlines. Biz asia america continues right now. Welcome back. I am phillip yin. Lets take a look at some of our other top headlines. China is the Worlds Largest oil importer, passing the united states. The countries growing economy and strong auto sales. Apple may be in trouble, especially when it comes to pc sales. Apple fell 11 in the third quarter. Apple is the only company in the top five pc makers whose shipments fell. Cubas government is allowed staterun tour
Markets. To australia. Sx 200 is starting the day off in the red. Pretty much flat. New zealand this morning looks like this. Gaining half a percent higher. We are seeing strengthening in the kiwi. 82 u. S. Cents. Open cutting down to the in korea. Japan is close to celebrate the emperor first base. Apple finally has signed the longawaited deal to get icons iphone sellthrough china mobile. We are joined with the details from jays beijing. What does this mean . It means a lot to both players. For bothy hard fought sides. Six years of negotiations involving the top echelon of both companies. Tim cook has made this to hammer out the deal. Coming to fruition. It will give apple access to customers on chinas biggest network. In addition to those already using the iphones of the letter. This is quite a head start. There was a fever pitch for the iphone. That has cooled off a bit in china. I will get to the market share in just a minute. Is offered this since march 2012. There was pressure fo
Are offe and erik today, no doubt eating the christmas food. We have cookies. We will have that during the break. American express is paying 70 million to settle claims it used deceptive marketing track this is practices. It will go to 300,000 customers who bought things like credit monitoring. Ular to say that the regulators say that the addons had hidden costs. Firstclass stamp will cost you . 49 starting january 26, so stock up. The increase is to save 1. 8 billion a year off of the post losses. Massive Edward Snowden says that government surveillance is worse than anything envisioned in George Orwells novel 1984. Snowden is living in russia on temporary asylum. The message aired on londons channel four. The gift that keeps on giving. Not for the government. For people who consider him a whistleblower, maybe. Catching flak after failing to deliver packages in the u. S. By christmas day. The shipper is blaming nfl ends of packages that exceeded laming an avalanche of packages that ex