Celeb chef praises Trump's McDonald's shift, says he 'shined a light' on 'forgotten position' of food industry

Published On Oct 27, 2024, 1:26 PM

Celebrity chef Andrew Gruel praised Donald Trump's recent promotion of the fry cook role at McDonald's, stating it highlighted an often overlooked but vital position in the fast food industry. Gruel believes this kind of visibility is beneficial for the restaurant sector, especially as it continues to face challenges under the current administration. He argues that the Trump era was characterized by lower costs and higher sales in the food industry, contrasting it with the current conditions marked by rising costs and industry closures. Overall, Gruel sees potential positive impacts on the restaurant industry if Trump were to return to power.

Read full article

Stock Forecasts

MCDView MCD chart on TradingView

Positive

Given the positive sentiment about Trump's potential influence on the food industry and Chef Gruel's remarks underscoring the pent-up frustrations in the restaurant sector, there could be renewed optimism among investors in related stocks. If this sentiment translates to favorable business outcomes for McDonald's and its peers, we might anticipate modest gains in stock value. However, the food industry is currently facing rising costs which may dampen overall profitability if not addressed.

Related News

E. Coli Outbreak Widens to 75 Cases Linked to McDonald’s

Oct 25, 2024, 1:40 PM

Health officials say that recalls of onions — the suspected source of the contamination — would help lessen the risk to consumers. Other major fast-food chains have also stopped offering onions.

MCD

What we know about the McDonald's E. coli outbreak in the US

Oct 24, 2024, 1:15 PM

Health officials are hunting for the source of 49 cases of e-coli poisoning, which includes one death.

MCD

How McDonald’s can learn from Chipotle, Wendy's handling of food-related illnesses at restaurants

Oct 24, 2024, 2:54 PM

McDonald's is the latest fast-food giant to face an E. coli outbreak. FOX Business takes a look back at how Chipotle and Wendy's handled food-related illnesses at their restaurants.

MCD