Morning News: McDonald’s Sales Down 0.6% Worldwide, China Faking Its Economic Data, CNBC Viewership Plunges To Eight Year Lows, Roubini Says Look Out for A Big Market Crash

Wednesday, May 8, 2013
By Paul Martin
May 8th, 2013

McDonald’s Asia Brings Down April Comparable Store Sales

Here’s the regional breakdown:

U.S. up 0.7% (Est. down 0.05%)
Europe down 2.4% (Est. down 1.01%)
Asia/Pacific, Middle East and Africa (APMEA) down 2.9% (Est. down 1.44%)
“In April, APMEA’s comparable sales declined 2.9%, reflecting the impact of Avian influenza, primarily in China, and softer results in Japan and Australia,” wrote the company.
Read more:

McDonald’s Sales Slip 0.6% in April

CHART OF THE DAY: It Doesn’t Take A Genius To See Something Fishy In China’s Trade Data

The Rest…HERE

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