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McDonald's is working to introduce a $5 value meal (10.05.24)
The potential new offering comes at a time when low-income consumers are beginning to pull back on spending, particularly at fast-food brands. Mentions of low-income consumers on company earnings calls are at their highest levels in nearly two years, according to data from Bank of America. Executives from McDonald's to Wendy's to Dave and Buster's have all noted the restraint in spending.
archive CNN interviews "well-meaning, elderly man
BURNETT: When you talk about the economy, it is of course by far the most important issue for voters. It's also true, Mister President, voters by a wide margin trust Trump more on the economy. They say that in polls, and part of the reason for that may be the numbers and you are aware of may of these, of course. The cost of buying a home in the United States is double what it was when you look at montly costs before the pandemic. Real income, when you account for inflation, is actually down since you took office. Economic growth last week far shorter of expectations. Consumer confidence may be no surprise is near a two year low. With less that six months to go to election day are you worried that you're running out of time to turn that around?
BIDEN: We've already turned it around. Look at the m- m- Michigan survey where sixty-five percent of the American people think they're in good shape economically. They think the nation's not in good shape—they're personally in good shape. The polling data has been wrong all along. Now, how many [do] you guys do a poll [at] CNN? How many folks[do] you have to call to get one response? The idea that we're in a s- s- s- situation where things are so bad. Look. I mean, we've created more jobs. We're in a situation where people have access to good paying jobs, and the last I saw, the combination of inflation, the cost of inflation and all those things, that's worrisome to people and with good reason. That's why I'm working very hard to bring the cost of rentals down, increase the number of homes available. Let me say it this way, when I started this administration, people were saying there would be a collapse in the economy. We have the strongest economy in the world. Let me say it again, in the world. GDP is still growing. Look at the response of the markets, overwhelmingly positive, and one reason people feel good about it not being strong as it was is [that] they believe the Fed[eral Reserve]...
BURNETT: They hope they're going to get a rate cut.
BIDEN: Yeah. Well. So. I mean, no president has had the run we've had in terms of creating jobs and bringing down inflation. It was nine percent when I came into office.

by Cat on Sun May 12th, 2024 at 01:32:40 AM EST
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