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CNN Live At Daybreak

McDonald's Objects to 'McJob' in Dictionary

Aired November 11, 2003 - 06:46   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


CAROL COSTELLO, CNN ANCHOR: Time for more 'Business Buzz' right now, though. McDonald's is McMad.
Carrie Lee has more on this McAnger from the Nasdaq market site.

Good morning.

CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: First, a McCongratulations to you -- Carol.

COSTELLO: Thank you.

LEE: Very warm wishes coming from the Nasdaq on your engagement.

COSTELLO: Thank you.

LEE: OK, McJobs. Merriam-Webster has hit a snag with McDonald's over the inclusion of the term "McJobs" in its latest edition of its collegiate dictionary. Now the dictionary is defining a McJob as a low paying job that requires little skill and provides little opportunity for advancement.

Well McDonald's has a McProblem with this definition. In an open letter sent to the media, McDonald's chairman and chief executive said the definition is not an accurate description of restaurant employment. He says it's a slap in the face to the 12 million men and women who work in McDonald's. He also says the company has a trademark on the term "McJobs," which refers to its program for training and placing people with disabilities.

Now in a statement, Merriam-Webster is standing by its definition, although McDonald's wants them to eliminate McJob in its next edition. So this might not be the end of this story, Carol. We will see.

COSTELLO: All right. Carrie Lee from the Nasdaq market. You want to do markets before you go?

LEE: Sure. Just quickly, looks like we're going to see a flat to slightly weaker open after some selling yesterday. The Nasdaq led the way down, 1.5 percent to the downside. Treasury markets closed today for Veterans holiday. Stocks, business as usual. EchoStar Communications, one stock to watch, reporting a profit versus a loss last year. Still missing the Wall Street estimate, though -- Carol.

COSTELLO: All right. Carrie Lee, live from the Nasdaq market site, many thanks. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com







Aired November 11, 2003 - 06:46   ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for more 'Business Buzz' right now, though. McDonald's is McMad.
Carrie Lee has more on this McAnger from the Nasdaq market site.

Good morning.

CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: First, a McCongratulations to you -- Carol.

COSTELLO: Thank you.

LEE: Very warm wishes coming from the Nasdaq on your engagement.

COSTELLO: Thank you.

LEE: OK, McJobs. Merriam-Webster has hit a snag with McDonald's over the inclusion of the term "McJobs" in its latest edition of its collegiate dictionary. Now the dictionary is defining a McJob as a low paying job that requires little skill and provides little opportunity for advancement.

Well McDonald's has a McProblem with this definition. In an open letter sent to the media, McDonald's chairman and chief executive said the definition is not an accurate description of restaurant employment. He says it's a slap in the face to the 12 million men and women who work in McDonald's. He also says the company has a trademark on the term "McJobs," which refers to its program for training and placing people with disabilities.

Now in a statement, Merriam-Webster is standing by its definition, although McDonald's wants them to eliminate McJob in its next edition. So this might not be the end of this story, Carol. We will see.

COSTELLO: All right. Carrie Lee from the Nasdaq market. You want to do markets before you go?

LEE: Sure. Just quickly, looks like we're going to see a flat to slightly weaker open after some selling yesterday. The Nasdaq led the way down, 1.5 percent to the downside. Treasury markets closed today for Veterans holiday. Stocks, business as usual. EchoStar Communications, one stock to watch, reporting a profit versus a loss last year. Still missing the Wall Street estimate, though -- Carol.

COSTELLO: All right. Carrie Lee, live from the Nasdaq market site, many thanks. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com