McDonald’s says it’s not political after Trump visit

McDonald’s says it’s not political after Trump visit

Republican presidential nominee and former U.S. President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, U.S. October 20, 2024. 

Doug Mills | Via Reuters

Though President Donald Trump visited a Pennsylvania McDonald’s location on Sunday, the fast-food giant is trying to stay neutral in the presidential race.

“As we’ve seen, our brand has been a fixture of conversation in this election cycle. While we’ve not sought this, it’s a testament to how much McDonald’s resonates with so many Americans. McDonald’s does not endorse candidates for elected office and that remains true in this race for the next President,” the company said in an internal message viewed by CNBC and confirmed by a source familiar with the matter.

Trump learned how to operate a fry cooker and work the drive-thru line during his short shift at a Feasterville, Pennsylvania, restaurant. He used the stunt as an opportunity to take more shots at his opponent, Vice President Kamala Harris.

Trump often accuses Harris of lying about working at McDonald’s for a summer in her 20s, but has offered no proof backing up the claim. Harris has denied the accusation. McDonald’s and its franchisees don’t have all of their employment records for workers dating back to the early 1980s, when the 60-year-old Harris would have worked there, the company said in the Sunday memo.

“Though we are not a political brand, we’ve been proud to hear former President Trump’s love for McDonald’s and Vice President Harris’s fond memories working under the Arches,” McDonald’s said.

Both McDonald’s and the franchisee who operates the location emphasized that the chain opens its doors to “everyone.”

The photo shows a letter outside the McDonald’s verifying it was closed to the public at the time of Trump’s visit.

Lauren Mayk | NBC Philadelphia

“As a small, independent business owner, it is a fundamental value of my organization that we proudly open our doors to everyone who visits the Feasterville community,” franchisee Derek Giacomantonio said in a statement. “That’s why I accepted former President Trump’s request to observe the transformative working experience that 1 in 8 Americans have had: a job at McDonald’s.”

Although McDonald’s publicly supported the Black Lives Matter movement in 2020, it has tried to portray itself as an apolitical brand to avoid alienating customers. It follows a broader shift in Corporate America away from politics or initiatives perceived as ideological.

A number of companies, including Ford, Lowe’s and Harley-Davidson, have walked back their diversity, equity and inclusion policies and practices this year.

And that’s a change that many Americans want; only 38% of U.S. adults believe that businesses should take public stances, down from 48% in 2022, according to a Gallup-University of Bentley study conducted this spring. 

But McDonald’s has already been involved with another controversy this election cycle.

In late May, several viral social media posts criticized the burger giant’s affordability, citing everything from an $18 Big Mac meal at a Connecticut location to charts that alleged the chain’s prices had more than doubled over the last five years. Republicans latched onto the controversy, tying a jump in McDonald’s menu prices to Biden’s economic policy in a bid to win over voters fed up with inflation.

To quell the controversy, McDonald’s U.S. President Joe Erlinger wrote an open letter and released fact sheets about the company’s pricing.

— CNBC’s Kate Rogers contributed reporting.


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Trump Media shares plunge after Harris debate

Former US President and Republican presidential candidate Donald Trump walks away during a commercial break as US Vice President and Democratic presidential candidate Kamala Harris take notes during a presidential debate at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. 

Saul Loeb | Afp | Getty Images

The share price of Trump Media plunged more than 10% on Wednesday, a day after majority shareholder Donald Trump gave a widely panned presidential debate performance against Vice President Kamala Harris.

The company’s stock price closed at its lowest level since the Truth Social app owner began publicly trading as DJT on the Nasdaq in late March.

Investing in Trump Media stock is often seen as a way to bet on the political fortunes of Trump, the former president and current Republican nominee.

Trump Media has said its business hinges at least partly on Trump’s popularity, and analysts say the company’s value will rise or fall based on his electoral prospects.

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Trump Media (DJT) Share Price

The stock drop Wednesday could signal that some Trump’s supporters were not pleased with what they saw at Tuesday night’s debate in Philadelphia.

Liberal and conservative political commentators said Harris appeared more prepared, articulate and even-keeled than Trump, who repeatedly bit on bait that she tossed to throw him off topic.

Harris’ team, projecting confidence, challenged Trump to another debate right after the first one ended.

Trump said he may not agree to that. In a Truth Social post Wednesday, he repeated his claim that Harris only wanted another debate because she was “beaten badly.”

“Why would I do a Rematch?” he wrote in the post.

Trump Media had surged as much as 10% during trading Tuesday, possibly indicating optimism about how Trump would fare in the debate.

The company’s gains on Monday and Tuesday were a respite from a weekslong rout that saw the stock price sink as much as 75% from its intraday high in late March, when then-privately held Trump Media merged with a blank-check firm.

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The slump coincided with President Joe Biden dropping out of the presidential race and endorsing Harris to replace him at the top of the Democratic ticket.

It also came in the run-up to the date when Trump and other company insiders can start selling their shares.

Trump owns nearly 57% of the company’s stock. That stake at Wednesday’s closing price was worth about $1.9 billion.

It is unclear if Trump plans to start selling off his stake when a lock-up agreement lifts on Sept. 19.

Correction: Donald Trump owns nearly 57% of Trump Media’s stock. An earlier version misstated the percentage.

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Sen. Bernie Sanders: We need an economy that works for all of us, not just billionaires

Bernie Sanders DNC speech contrast to Harris on liberal policies

Sen. Bernie Sanders, I-Vt., spent his primetime appearance at Tuesday night’s Democratic National Convention laying out his own policy priorities — even ones that he knows diverge from Vice President Kamala Harris’ campaign platform.

“We need to join the rest of the industrialized world and guarantee health care to all people as a human right, not a privilege,” Sanders said, doubling down on his longstanding support for a Medicare for All program.

The Independent senator running for reelection in Vermont was well aware that Harris does not share his position on universal healthcare.

“We need Medicare for All,” he said in a Monday interview with Politico. “That’s not her view, nor is it President Biden’s point of view. And you know what, I think I’m right and they’re wrong.”

During his DNC speech, Sanders also railed against the influence of big money in politics, in spite of all the billionaire megadonors helping to fund Harris’ campaign.

“Billionaires in both parties should not be able to buy elections—including primary elections,” Sanders said.

Harris has a well-documented Rolodex of billionaire megadonors helping fund her campaign, along with millions more in small-dollar donations.

“We must take on big pharma big oil, big ag, big tech and all the other corporate monopolists whose greed is denying progress for working people,” Sanders said.

By making universal healthcare, money in politics and class warfare all key planks of his DNC speech — and by never extolling Harris’ virtues, Sanders knowingly bucked an unspoken rule of presidential conventions: Speakers are expected to sing the praises of the party’s nominee.

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And while he offered a quick note of support for Harris’ election fight against former President Donald Trump, Sanders’ positions effectively drew a contrast with the vice president.

Sanders’ speech on Tuesday was not the first time he expressed noticeably tepid support for Harris.

“She’s a great campaigner,” Sanders said of Harris in the Monday Politico interview. “We’re not best friends, but I’ve known her for many years.”

Sanders said Monday that while he supports Harris, he stands by his belief that President Joe Biden could have carried out a second term, a view that is not shared by most of his party’s leaders.

Sanders remained fervently loyal to Biden even after his disastrous debate that led Democratic party members to voice concerns about his reelection bid.

Not so radical?

But Sanders’ decision to highlight some of the distance between himself and Harris, though unconventional, could ultimately be an asset to the vice president, as she works to appeal to moderate, undecided voters.

An August poll from the New York Times and Siena College found that 45% of likely voters felt Harris was too liberal or too progressive in the battleground states Arizona, Georgia, Nevada and North Carolina.

That sentiment is in part a result of Trump’s effort to paint Harris as a radical progressive, an attempt to scare off Democrat-curious undecided voters who may lean more moderate.

“Comrade Kamala Harris is terrible for our Country. She is a Communist, has always been a Communist, and will always be a Communist,” Trump wrote on Truth Social Sunday.

But Sanders’ half-hearted enthusiasm for Harris offers a direct rebuttal to those Republican attacks.

A Democratic Socialist and one of the farthest left lawmakers on Capitol Hill, Sanders is a reminder for center-leaning voters that there are plenty of Democrats who are far more radical than the vice president.

That message might already have begun to take hold with the electorate.

Austin Davis, a 29-year old self-declared communist from Chicago, told NBC News on Tuesday that he does not consider Harris a communist.

“Kamala is not a communist,” he said. “Any person who can understand even the basic definition knows that she’s not a communist.”


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