Earnings: Beef prices weigh on Tyson Foods, McDonald's Q2 results on deck

Tyson Foods is cutting its annual profit outlook due to rising beef prices, which are impacting its bottom line and leading consumers to trade down to other meats like pork and chicken. Meanwhile, McDonald's Q2 earnings are on deck, with analysts lowering expectations amidst pressure on lower-income consumers and skepticism regarding recent promotions. Both companies are navigating an environment where innovation and value are crucial to attract consumers.