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American Morning
Minding Your Business: McMiffed
Aired November 10, 2003 - 07:55 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.
SOLEDAD O'BRIEN, CNN ANCHOR: Lots of eyes on Wall Street this morning -- that, plus McDonald's has a new beef.
Andy Serwer is "Minding Your Business."
Good morning.
ANDY SERWER, "FORTUNE" MAGAZINE: Good morning, Soledad.
O'BRIEN: Should we start with the markets?
SERWER: Yes, let's do that, because, of course, we had that tremendous jobs report on Friday. People wondering, why didn't the market respond? The answer to that is it was sort of what Wall Street was expecting, a confirmation of that. And the take away is the market was up for the week. Look at that. Just another good week on Wall Street.
Still, economists scrambling -- picture that. Economists scrambling to ratchet up their forecasts. A lot of confusion out there. I want to hold up this scintillating magazine. Look at this cover: "If things are so good, then why do we feel so bad?" See, a lot of people are trying to figure that out. And the bad part, of course, is jobs. Maybe that's coming online now. We shall see.
The Saudi bombing over the weekend again reminding us that our economy, the world is a agile place, but still despite that, futures are up.
Let's talk about McDonald's, though. This is an interesting story. I think McDonald's has a good case here. The new dictionary has an entry: McJobs. McJobs, OK? Here's the definition of a McJob. Don't think about this too much. A job usually in the retail or services sector, McJob, that is low-paying, often temporary and offers minimal or no benefits or opportunity for promotion. OK? McDonald's not happy about that, writing to the dictionary company. I think they've got a good point. I mean, when was the last time you ever heard anyone use that? McJobs.
O'BRIEN: Yes, dictionaries take the words that are in common usage.
SERWER: You've heard that before?
O'BRIEN: Sure.
SERWER: Well, I've never heard it. O'BRIEN: I have.
BILL HEMMER, CNN ANCHOR: It's awful PR is what it is.
O'BRIEN: Yes...
(CROSSTALK)
SERWER: Well, I don't care about that. But I'm just saying no one really uses it, I mean, you know, anyway.
O'BRIEN: Well, we'll see what happens with that. Andy, thank you.
SERWER: Thank you.
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 10, 2003 - 07:55 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
SOLEDAD O'BRIEN, CNN ANCHOR: Lots of eyes on Wall Street this morning -- that, plus McDonald's has a new beef.
Andy Serwer is "Minding Your Business."
Good morning.
ANDY SERWER, "FORTUNE" MAGAZINE: Good morning, Soledad.
O'BRIEN: Should we start with the markets?
SERWER: Yes, let's do that, because, of course, we had that tremendous jobs report on Friday. People wondering, why didn't the market respond? The answer to that is it was sort of what Wall Street was expecting, a confirmation of that. And the take away is the market was up for the week. Look at that. Just another good week on Wall Street.
Still, economists scrambling -- picture that. Economists scrambling to ratchet up their forecasts. A lot of confusion out there. I want to hold up this scintillating magazine. Look at this cover: "If things are so good, then why do we feel so bad?" See, a lot of people are trying to figure that out. And the bad part, of course, is jobs. Maybe that's coming online now. We shall see.
The Saudi bombing over the weekend again reminding us that our economy, the world is a agile place, but still despite that, futures are up.
Let's talk about McDonald's, though. This is an interesting story. I think McDonald's has a good case here. The new dictionary has an entry: McJobs. McJobs, OK? Here's the definition of a McJob. Don't think about this too much. A job usually in the retail or services sector, McJob, that is low-paying, often temporary and offers minimal or no benefits or opportunity for promotion. OK? McDonald's not happy about that, writing to the dictionary company. I think they've got a good point. I mean, when was the last time you ever heard anyone use that? McJobs.
O'BRIEN: Yes, dictionaries take the words that are in common usage.
SERWER: You've heard that before?
O'BRIEN: Sure.
SERWER: Well, I've never heard it. O'BRIEN: I have.
BILL HEMMER, CNN ANCHOR: It's awful PR is what it is.
O'BRIEN: Yes...
(CROSSTALK)
SERWER: Well, I don't care about that. But I'm just saying no one really uses it, I mean, you know, anyway.
O'BRIEN: Well, we'll see what happens with that. Andy, thank you.
SERWER: Thank you.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com.
