CNBC's "Fast Money" Asset Moves Ahead Of The Election… And A Tight Boeing Vote On Deck 10/22/24
Oct 22, 2024
Kate Rogers, CNBC reporter, discusses the E. coli outbreak affecting McDonald's while examining its impact on the brand's reputation and stock performance. Rick Santelli shares insights on the influence of interest rates ahead of the elections. Phil LeBeau analyzes the critical Boeing machinist union vote, expressing uncertainty about its outcome. Dr. Kavita Patel underscores the health implications of the outbreak, emphasizing consumer caution. Together, they connect these corporate challenges to broader market trends as the election approaches.
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McDonald's Stock Advice
- Don't rush to buy McDonald's stock after the E. coli outbreak news.
- Wait for support levels around $250 to $255 before considering a purchase.
Chipotle's E. coli Impact
- Chipotle's E. coli outbreak in 2015 caused significant sales and net income declines.
- It took years for the company to recover, offering a potential comparison for McDonald's.
Starbucks' Kitchen Sink Quarter
- Starbucks' pre-announcement signals a likely "kitchen sink" quarter.
- This is often expected with new CEOs, setting the stage for future improvements.