McDonald’s Is Suffering After Trump’s Weird Staged Photo-Op Visit
McDonald’s share price just hit its lowest point since Covid. It might not be completely Donald Trump’s fault—but we can’t say that he helped at all.After Trump’s desperate stunt at the fast-food franchise on Sunday afternoon, McDonald’s suffered a double blow to the golden arches brand. On Tuesday, news broke that an E. coli outbreak related to McDonald’s Quarter Pounders is spreading in multiple states (notably not yet in Pennsylvania, where Trump held his staged photo op). One person has died from the outbreak, according to the Centers for Disease Control and Prevention, and hospitalizations have been reported across 10 states.In response to the double whammy, McDonald’s stock, which began dropping the day after Trump’s visit, is down 19 percent on Wednesday. Meanwhile, Trump Media stock continues to fluctuate and even surge, despite the company appearing to fall apart at the seams after hitting a new low last month. Experts say that the share price is less of a measure of the health of the business, which again is not good, and more “a barometer for both Trump and Trump’s followers,” Kristi Marvin, a former investment banker, told The New York Times. “This stock has never traded on fundamentals.”Trump’s media company continues to lose tens of millions each quarter, and senior management are dropping like flies, despite the stock fluctuations. For a comparison to demonstrate just how much of a failure Trump’s company is, let’s put it into perspective: Trump Media’s quarterly revenue is less than that of a single McDonald’s franchise. While McDonald’s stock will probably rebound, if investors can begin to see clearly, Trump’s businesses may not be so lucky.
McDonald’s share price just hit its lowest point since Covid. It might not be completely Donald Trump’s fault—but we can’t say that he helped at all.
After Trump’s desperate stunt at the fast-food franchise on Sunday afternoon, McDonald’s suffered a double blow to the golden arches brand. On Tuesday, news broke that an E. coli outbreak related to McDonald’s Quarter Pounders is spreading in multiple states (notably not yet in Pennsylvania, where Trump held his staged photo op).
One person has died from the outbreak, according to the Centers for Disease Control and Prevention, and hospitalizations have been reported across 10 states.
In response to the double whammy, McDonald’s stock, which began dropping the day after Trump’s visit, is down 19 percent on Wednesday.
Meanwhile, Trump Media stock continues to fluctuate and even surge, despite the company appearing to fall apart at the seams after hitting a new low last month. Experts say that the share price is less of a measure of the health of the business, which again is not good, and more “a barometer for both Trump and Trump’s followers,” Kristi Marvin, a former investment banker, told The New York Times. “This stock has never traded on fundamentals.”
Trump’s media company continues to lose tens of millions each quarter, and senior management are dropping like flies, despite the stock fluctuations. For a comparison to demonstrate just how much of a failure Trump’s company is, let’s put it into perspective: Trump Media’s quarterly revenue is less than that of a single McDonald’s franchise.
While McDonald’s stock will probably rebound, if investors can begin to see clearly, Trump’s businesses may not be so lucky.
