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
Investmentwatchblog.com
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: http://www.businessinsider.com/mcdonalds-april-comparable-store-sales-2013-5#ixzz2Shss0jqs
McDonald’s Sales Slip 0.6% in April
http://www.cnbc.com/id/100719384
CHART OF THE DAY: It Doesn’t Take A Genius To See Something Fishy In China’s Trade Data
The Rest…HERE