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McDonald’s Same-Store Sales Rise

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  • Duration 4:48
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This is the Imus in the morning -- On the fox.

-- -- We have some breaking news for you reading -- -- sales numbers in from McDonald's right now the restaurant chain is reporting global same store sales rose 3.3 percent from a year ago.

In the US -- also up 3.3 percent European sales increased 3.5 percent.

Meanwhile the -- whose CEO is apologizing for putting a college degree on his official bio.

They didn't actually have Robert -- our newsroom with more details on this and Robert he did have a degree -- -- the one not as many maybe they wrote on his.

I as an -- -- morning -- that's absolutely right to you know his bio which have been not up publicly available.

Even when he was heading up PayPal the division in the eBay pro for has hired -- Yahoo! claim that he had a computer science degree in addition.

Two I of course have in the accounting degree which yet from sentinel college now -- -- offer computer sense until a couple of years.

After Thompson had graduated now he did apologize to employees and a short no but he did not explain how the error occurred.

Yahoo! now is investigating exactly how it has hired with these false academic credentials.

The -- its academic experience file with the Securities and Exchange Commission last month.

Yahoo!'s board is now -- special three person committee they've hired an outside law firm as part of this investigation looking into the -- -- issues here.

The -- was exposed by dissident Yahoo! shareholder third point capitol.

-- the hedge fund investor has been very unhappy with management at Yahoo! they've been battling for seats on the board in fact they call for Yahoo! to fire -- now.

In the wake of this -- disclosure here -- point is estimate the books and records related to Thompson's hiring.

Available to them -- -- very secretive procedure in fact many of the board members did not know who Thomson was.

Prior to just hours before voting on him was whether -- not there would hire him as the new CEO Diane.

Back to you very interesting -- -- Ed thank Iraq.

Let's take a look at the markets hours Seymour -- around the world this morning here in the US futures have been down all morning though they -- are off earlier lows.

Dow futures are down by 31 now the S&P is down by only about two -- the nasdaq's down about six.

-- -- your concerns about Greece are growing as a countries party struggle to form a new government there.

London markets are back from -- holiday and they have changed direction -- -- London and Frankfurt in the Green.

While Paris is still in the red by about 28 points but let's take a closer look at what's moving European markets with Dow -- in my senior correspondent nick Hastings over London.

It the European Commission is looking to -- Spain another re another a year soda reaches 3% deficit target according to local reports.

-- that deadline creating any concerns about how bad the situation really is their they had an expense.

Absolutely and as you saw overnight that yes thanks Scott and -- percent actually that's how a bailout awful lot about the country's fourth largest banks bank -- -- And this is really sort of I guess focused on the fact that you know you have these this backtrack on problems are having difficulties because.

Of the collapse of the -- housing markets.

Now if you get -- -- have this whole question do you know the U slamming the same.

Old and not the deficit targets on the country not promoting growth then this could be a problem on -- and so I think people are -- -- wide as you know.

-- -- -- on the new French president is going to London to discuss these issues with.

I'm -- I'm not -- Amazon's not.

I'm once is an overrated.

And that is really -- -- the focus of what's going on this big debate do we look for growth but we stick with -- austerity.

But and you're you're kind of getting into my next question here neck back as this you know of movement for growth.

Gathers pace across Europe what can Merkel due to maintain support for austerity.

That is CEO the problem has not also I mean I.

The levels of austerity and how much perhaps that this should be eased but how it's Kennedys because I think.

Think killing local talks about we'll she's thought about structural reform she's -- not talking about throwing money at the problem which I think is very much the way some people see it as just increased spending on to get growth going.

I mean remember structural reforms take time this is a slow process wrestling made it might have a quick sort of impact well not necessarily work in the longer term.

So there's an enormous debate going on head down and I think this debate is really gonna get caught fire -- really -- and we believe.

And we will definitely.

Let me be keeping an eye on all of it thank today.

Let's take a look at commodities now oil and gold are both down have been all morning boils down around 9798.

Dollars -- -- down by about 56 cents.

Gold is down by eleven dollars at 1627.

Announce coming up this hour Imus is -- -- -- co host of the five and democratic strategist Bob Beckel.

Imus in the morning continues right now on Fox Business.

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