Jonathan Corpina, senior managing partner with brokerage firm Meridian Equity Partners Inc., discusses jobless claims data released Thursday, and how companies such as McDonald's Corporation (NYSE: MCD) are seeing sales declines in Europe and Asia.
Data revealed jobless claims dropped to the lowest level since 2007, while the number of continuing unemployment-benefit claims increased by 67,000 to 3,018,000 in the week ended July 27.
McDonald's Corporation (NYSE: MCD) issued July same-store sales that beat analysts’ expectations on Thursday, and rose 0.7 percent at stores open at least 13 months. The company saw a 1.6 percent increase in the U.S.; however, the fast-food giant saw sales declines in Europe and Asia. Global sales fell in July by 1.9 percent in Europe, as well as in the Asia, the Middle East and Africa region.
Shares of McDonald’s fell 0.17 percent to $98.16 in afternoon trade.
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