California’s $20 Minimum Wage & Home Wins for DC Sports 04/01/24

Half a million California fast food workers are getting a pay bump, starting today. A $20 minimum wage might be good for workers, but McDonald’s franchisee Scott Rodrick warns, it might mean higher costs for business owners and for consumers. In DC, Mayor Muriel Bowser struck a deal to keep the Washington Capitals and Wizards playing in their home city. Mayor Bowser explains the sports deal and addresses concerns about crime in her city. Plus, CNBC’s Robert Frank reports that stocks have fueled a wealth boom, and the Federal Reserve has another data point to factor into interest rate policy: core PCE.

 

Robert Frank - 09:03

Mayor Muriel Bowser - 15:26

Kate Rogers - 25:27

Scott Rodrick - 28:54

 

In this episode:

Muriel Bowser, @MayorBowser

Robert Frank, @robtfrank

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer: @Kramer_Katie