U.S. Markets close in 3 hrs 38 mins

McDonald’s posts earnings, Boeing has huge quarter, Novartis has a new plan

Here are the companies the Yahoo Finance team is watching today.

McDonald's delivered a beat on earnings, with revenue in line with expectations, but same-store sales came in weaker than expected. Still, it’s touting 14 straight quarters of positive global comparable store sales.

This was a huge quarter for Boeing. The aerospace giant posted big beats on earnings and revenue, seeing growth across all sectors, including commercial jets and defense contracts. Also, it's expecting 2019 to be another big year. Boeing recently won several multibillion-dollar contracts to deliver new planes to the military.

Novartis is banking on newer drugs to help boost its bottom line. The pharma giant says sales grew 3% last quarter, driven mostly by expensive new medications. That's despite increasing political pressure here in the U.S. to cut prices. Novartis expects sales will continue to grow in the single digits this year.

Southwest Airlines struck an unusual deal with the FAA during the government shutdown. The low-cost carrier agreed to pay the FAA for a furloughed safety inspector to certify three new jets during the shutdown. The arrangement cost a little over $3,000 and took up to three hours of administrative office time.

It looks like Foxconn is scaling back on some of its cutting-edge displays. The tech company is reconsidering plans to make LCD panels at the $10 billion plant it is building in Wisconsin. A spokesperson told Reuters the change is due to the high cost of making advanced TV screens in the U.S., where labor isn't cheap.