Fast food prices have been 'justified' in terms of underlying cost inflation: BofA's Sara Senatore
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- čas přidán 15. 05. 2024
- Sara Senatore, BofA Securities senior analyst, joins 'Squawk Box' to discuss the rapid fast food inflation, whether rising prices will begin to hurt sales, and more.
Prices are not justified, stop eating the BS
These prices by no way have been justified. Stop trying to gaslight us.
Worst show on CNBC.
Costco food court for 1.50 hot dog and 2$ pizza
Stick of " Gum" 10 bucks now ?
we have an air fryer no fast food is necessary
Millionaire BofA's Sara Senatore tells us Starbucks coffee prices are cheap! OMG
I bet $1 on everything would pay workers great
How does a minimum wage increase, which represents a few percent of the total cost of a menu item, turn into an 8% increase? Greed.
It is big gov and big taxes that have destroyed this country along with public schools
Employee cost is always a big part of business cost. Eight percent raise is justified after the minimum wage increase.
Oh, and everyone is greedy. Employer and employee, that's why we keep asking for more.
@@nomooonIt is gov employees and Teachers that have destroyed this country
Yeah… justified, but Big Mac is half the size it used to be.
We will see a lot of these restaurants start to close down their slower traffic locations, consumers are now more willing to wait in line at In n out for 20-30 mins to pay a lot less for affordable fresher and better quality food by far.
Only in the U.S. fast foods costs like luxury food and everyone justifies it.
Just make them at home
In Ca iit costs 3 times as much for a pizza as fast food
Gov has destroyed business with there taxes It is the huge gov wages and retirements that are the cause
Public sector employees are a waste of tax payer money. Their efficiency is low but compensation is high in comparison.
Get ready for bugs. Not me but others. Gross.
RAMAN noodles
At what point does big business raising prices become retaliatory?? Couldnt inflation be seen as retaliatory price fixing??
When Fed printed all those extra money during covid, inflation is bound to happen.
In 1988 a BigMac cost $2.25 and MW was $3.35. Now MW is $20 and a BigMac is $5.69. If anything a BigMac should be MORE???
More than just labor as an input into costs.
Not just fast food. It’s restaurants also.
It’s not just fast food restaurants. It’s everything.
Wait, could there somehow be a correlation between Democrats in office and prizes going up? Noooooo
Don't forget Fed. Printed all the extra money during covid.
Not a mention of obvious boycotting from the younger generation.
Right now the government gives food subsidies like food stamps to the highest number of Americans in history. That cannot not not will it continue indefinitely so one must learn how to pray, shop, and cook in order to sustain their family in harder times that are on the horizon.
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Corporate profit from 2020 - 2023 has doubled in only 3 years, which is insanely high for such a short period of time.
This is Greedflation. Companies used the supply chain issue as a justification to raise price, now that it's fixed, they don't want to reduce the price.
Higher earnings mean they are making more money, which means they are overpricing each item.
Ty🙏
Gold stocks are undervalued compared with gold prices, stocks will skyrocket once earnings come in, not to mention bad market news will further fuel the prices…BUY GOLD Stocks !!
Fast food isn't good for you anyway.
Fast food is poison that kills you slowly
And wages are not keeping up. But corporate profits and CEO's pay are at a record high. Stop giving to the rich.
We have had it with greedy rich people. Cook at home.
There is no good reason why fast food chains eliminated their dollar-menu. Inflation or not, this is corporate greed, plain and simple.
You would be buying two dollar menu items to get the same size of one dollar menu item from before then. You think it's a coincidence that dollar stores don't have as many dollar items anymore?
starbucks has underpriced LMAO what a clown
Inflation, in its simplest terms is when companies raise prices to extract greater profits, Professor Richard Wolfe
God bless Elon Musk and Tesla for not partaking in this greedflation and taking steps to make EVs more affordable to the masses. They are on the right side of history and should be rewarded.
hahahahahahahahaha
@@MBarberfan4life I guess all those massive Tesla price increases in 2021 and 2022 were imaginary.
Ya nothing todo with the government constantly printing money to send to Ukraine and Israel.
No. Inflation is when extra money is created but no extra products are created. Exactly what Fed did during covid, printed all that extra cash.
boycot
😆😅🤣😂
All of these I guess well off commentators look so healthy as they talk down about fast food and the low income people who eat them is hilarious..! The bags under the ladys eyes say so much about her health and everyone else who knows how they look without makeup.
Working and making millions can do that to you
@@RealGrandFail I agree but it just distasteful.
If people are low income they should be cooking at home. Way more expensive togo eat fast food.
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The one story where an employee was urinating in the milkshake mix kinda ruined the whole fast food "experience" for me - then I thought further how else might angry fast food loser workers be screwing with the food - no thank you
For a adult to sit up there and say that! Is enough for me to know where the economy is going and all efforts that are lacking in finance.
Im listening to this bit the quote title is horrific