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Current price of a 500ml bottle of McDonald's Big Mac Special Sauce, being auctioned on eBay by McDonald's Australia. This is equivalent to about $23,000 Australian dollars. There are still 8 days left in the auction.
Super Bowl breaks record for US TV viewing, WSJ
Nielsen has reported that this year's Super Bowl, a nail-biter that saw the New England Patriots defeat the Seattle Seahawks with less than a minute left, was the most watched US television event ever, attracting 114.4 million viewers. Super Bowl XLIX is the seventh straight Super Bowl to draw over 100 million viewers, and the 4th bowl game in 5 years to set an all-time record.
Shake Shack more than doubles its IPO price in market debut, DealBook
Shake Shack's IPO, with a stock price that more than doubled on it's first trading day from $21 to more than $45, revealed tremendous excitement for the current trend in investment in "fast casual" restaurants, including Zoe's Kitchen, El Pollo Loco, Chipotle, and Habit Restaurants. The public offering expanded the wealth of famous New York restauranteur Danny Meyer to $340 million. Meyer helped start Shake Shack to provide extra jobs to employees outside nightly work hours.
McDonalds will now accept selfies and hugs as payment, Business Insider
Starting on February 2nd and running until the 14th, McDonalds will allow customers to "pay with lovin'" (expressions of love including selfies and hugs) during predetermined times at certain stores. The company announced the Valentine's Day ad campaign during a commercial spot on the Super Bowl.
Chipotle is an expensive burrito, WSJ
Chipotle, which has provided a 632% return to investors since its IPO nine years ago, is set to report earnings on Tuesday amid a torrent of news and investment in other food chains. Chipotle, which was once almost entirely owned by McDonalds, stopped selling carnitas for a time after poor treatment of pigs by a supplier was revealed. Among other things, McDonald's is currently reeling from a beef scandal in China, which it said played a part in in EPS falling by 1% last quarter.
With Seattle driving for a game-winning touchdown, New England cornerback Malcolm Butler (21) comes up with perhaps the greatest plays in Patriots history, securing the win with an interception. The thrilling Super Bowl ended up being the most watched television event in history, with a record 114.4 million people tuning in.
$18,000
Current price of a 500ml bottle of McDonald's Big Mac Special Sauce, being auctioned on eBay by McDonald's Australia. This is equivalent to about $23,000 Australian dollars. There are still 8 days left in the auction.
Super Bowl breaks record for US TV viewing, WSJ
Nielsen has reported that this year's Super Bowl, a nail-biter that saw the New England Patriots defeat the Seattle Seahawks with less than a minute left, was the most watched US television event ever, attracting 114.4 million viewers. Super Bowl XLIX is the seventh straight Super Bowl to draw over 100 million viewers, and the 4th bowl game in 5 years to set an all-time record.
Shake Shack more than doubles its IPO price in market debut, DealBook
Shake Shack's IPO, with a stock price that more than doubled on it's first trading day from $21 to more than $45, revealed tremendous excitement for the current trend in investment in "fast casual" restaurants, including Zoe's Kitchen, El Pollo Loco, Chipotle, and Habit Restaurants. The public offering expanded the wealth of famous New York restauranteur Danny Meyer to $340 million. Meyer helped start Shake Shack to provide extra jobs to employees outside nightly work hours.
McDonalds will now accept selfies and hugs as payment, Business Insider
Starting on February 2nd and running until the 14th, McDonalds will allow customers to "pay with lovin'" (expressions of love including selfies and hugs) during predetermined times at certain stores. The company announced the Valentine's Day ad campaign during a commercial spot on the Super Bowl.
Chipotle is an expensive burrito, WSJ
Chipotle, which has provided a 632% return to investors since its IPO nine years ago, is set to report earnings on Tuesday amid a torrent of news and investment in other food chains. Chipotle, which was once almost entirely owned by McDonalds, stopped selling carnitas for a time after poor treatment of pigs by a supplier was revealed. Among other things, McDonald's is currently reeling from a beef scandal in China, which it said played a part in in EPS falling by 1% last quarter.
Why food prices won't fall as fast as gas prices, MarketWatch
Commodities traders are anticipating that lower fuel prices spell a continued fall in food commodity prices including fruits and meats. Oil prices have plummeted this summer, with other commodities struggling to keep up with the fall. Falling input costs could mean continued high margins at restaurant chains including Shake Shack and Habit Restaurants, both of which recently started trading publicly.
Vocabulary:
Fast casual
Nielsen
Danny Meyer
Malcolm Butler
Calendar, Dates: (Nasdaq Economic Calendar)
Fast casual
Nielsen
Danny Meyer
Malcolm Butler
Calendar, Dates: (Nasdaq Economic Calendar)
- Mon Feb 2: PMI Manufacturing, Construction spending; FLWS, RCII
- Tues Feb 3: Factory orders; ADM, AN, BP, CMG, NYT
- Weds Feb 4: ADP Employment, ISM Non-manufacturing index; UHAL, CLX, EVR, GM
- Thur Feb 5: International trade, Jobless claims, Productivity and costs; ATVI, BEBE, BWLD
- Fri Feb 6: Employment situation; MCO, MSG, WETF
Predictions from Jan 26-30: 1 / 3 All-Time: 5 / 9
- AAL beats: CORRECT
- CVX misses: WRONG
- Bitcoin up: WRONG
Predictions for Feb 2-6:
- Chipotle (NYSE: CMG) misses earnings on pork supplier problems
- Buffalo Wild Wings (NYSE: BWLD) beats forecasts on falling commodity prices
- Non-farm payrolls continue to increase as US economy improves
Participants: K. Meenan
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