The daily business briefing: December 9, 2016

Trump picks a fast-food executive as labor secretary, five U.S. indexes post rare same-day records, and more

Andy Puzder.
(Image credit: Jason Kempin/Getty Images for Dream Foundation)

1. Trump chooses anti-regulation Labor Department secretary

President-elect Donald Trump announced Thursday that he would nominate fast-food executive Andrew Puzder to be the next Labor Department secretary. Puzder, CEO of Hardee's and Carl's Jr. parent CKE Restaurants, is a vocal critic of the protest movement to raise the minimum wage to $15 an hour, a change he says would kill jobs. He also has been an outspoken business advocate and critic of government regulations. He has criticized everything from the Affordable Care Act to the recently delayed Labor Department rule making millions more workers eligible for overtime pay. His nomination was interpreted as a signal that Trump's Labor Department would undo Obama administration initiatives.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us