JPMorgan Chase misses third-quarter revenue and earnings estimates as the new U.S. bank earnings season begins. The roundup also reports that Delta delays its planned nonstop Atlanta–Riyadh route until March after attacks close Riyadh’s airport, while Meta launches Muse Wonder, an AI model available through subscriptions starting at $20 per month. McDonald’s is expanding its focus on chicken and drinks amid competition from brands gaining market share among its customers.
McDonald's is deploying an AI pricing engine across nearly 14,000 restaurants to generate location-specific “optimal prices” for menu items. The company is increasingly using AI to guide menu prices in the United States and some global markets.
CNBC's Morning Squawk reports on rising Treasury yields, the Trump-Xi summit and McDonald's growth plans ahead of the U.S. market open. Treasury yields reach multiyear highs as markets price in a possible Federal Reserve rate hike, while President Donald Trump and Chinese President Xi Jinping prepare to discuss trade and AI. McDonald's begins displaying third-party ads on digital drive-thru boards as it targets a media-network business that could eventually reach $1 billion; its shares fall nearly 5% after its investor presentation.
