Claman on Call: McDonald's Workers to Get a Pay Hike

By Markets FOXBusiness

Breaking news on the crucial Iran talks -- they were extended until at least Thursday morning. Secretary John Kerry confirmed he will be staying on and the French foreign minister said he will return to Switzerland.

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Former Israeli Ambassador to the United Nations Dore Gold joined FOX Business, reacting to the breaking news and discussing both the potential danger and merits of a nuclear deal with Iran. 

And New Jersey Senator Robert Menendez, (D), was indicted on public corruption charges by a federal grand jury in Newark. This comes after a two-year probe.

Also breaking in the 3 p.m. hour, McDonald's has announced it will raise the pay for U.S. restaurant workers by more than 10%. In addition to increasing pay for its 90,000 workers, the fast-food chain will also add benefits like paid vacation for workers. 

The top stock to watch Wednesday was GoDaddy: the website hosting service stock popped on its debut, closing higher by 30%. But skepticism remains on whether or not the company can finally become profitable. As GoDaddy closed higher, the major indices fell for a second day in a row. This comes after disappointing data on private sector job growth and manufacturing activity. And oil saw its biggest jump since February after a slight drop in U.S. crude production last week. Wednesday's jump snapped oil's three-day losing streak.

Now, here is what you need to watch tomorrow: We get initial jobless claims at 8:30 a.m. ET. This will be important to watch just one day ahead of the unemployment report out on Friday.

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Be sure to check out all of today's interviews on FOXBusiness.com/OnCall and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.

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