Sectors including the consumer from mcdonalds to chipolte. Breaking down verizon, dupont, and, of course, netflix. We sit down with the ceo, the presentation on the company slated for later this morning. First up, food and drink in the earnings parade. Mcdonalds misses with the second kwaurtd numbers, and flat with the period, up sharply on stronger than expected q 2 results and then theres coke with a slight earnings beat and revenue miss for q2, unit case volume up 3 globally, but flat in north america. The ceo was asked about results in the region earlier this morning on squawk. We were pleased with our north american results, first because cocacola grew. Secondly, because our pricing was very strong in this Second Quarter that just passed in north america. Our price makes sparkle beverages up 3 , three points. I think when you take the totality where we are in north america, i think were making steady progress. Thank goodness for china and india, up 9, 10 . They call it a low quali
Tax cuts for families. Phil mattingly is here with more details on the budget. Give us highlights. Click that is right. We know a couple of things before it is officially released. 56 billion in new spending in this budget, a lot of it based on infrastructure, Early Childhood education. The white house is focused on the expansion of the tax credit, to expanded for lower income adults without children. That appeals to republicans, most notably senator marco rubio. The administration is hoping there might be some bipartisanship going forward. There is a notable absence of changes to entitlement programs. This is something they were willing to be flexible on. Why this . That is right. There are no major changes to entitlement programs. They addressed social security. Branch ton olive republicans. The main reason his house and Senate Democrats said to take it out. This is a major Election Year and we do not think this should be in any type of policy baseline. That is gone and officials tel
Guidelines. Were going to see fridays trails open, golf courses, car dealership, some florists, some other retail but no beaches. Not yet. And we are being warned that this process will be slow. The new york city subway closed overnight, first in over 100 years to clean the cars. We have turned the corner, and were on the decline. You take new york out of the national numbers, the numbers for the rest of the nation are going up. What were doing here shows results. Across the country as a whole the new case count is not falling, hovering somewhere over 20,000 every single day. I think that we need to understand this may be the new normal. We may not be able to get transmission down much more. I hope we can. But many places reopening anyway. Hot spots now growing in cities like dallas, some more rural flare ups, too, like those in nebraska and minnesota. But better testing might just play into all this. I dont think theres anyone that didnt know there were more cases out there that just
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Polestar beat reduced 2022 delivery forecast, and its initial 2023 guidance is well below previous expectations. Read why I suggest you avoid PSNY stock.