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Unlikely voice switches sides on minimum wage hike

Through the prism of The Good, the Bad and the Ugly on Wall Street, here are three top items for investors on Thursday.

The Good

Workers at large Los Angeles hotels would see their wages rise to $15.37 an hour under a measure given preliminary approval by city leaders.

It would be one of the highest wage floors in the nation, and a Republican voice from corporate America would support it.

Former Time Warner CEO Richard Parsons told CNBC on Thursday that he's changed his position on the minimum wage because he sees a hike as a way to get money to the people who need it most.

Read MoreLA gives preliminary OK for $15.37 minimum wage

The Bad

Euro logo sign European Central Bank ECB Frankfurt Gerrmany
Ralph Orlowski | Reuters

European Central Bank President Mario Draghi said Thursday he expects the euro zone economies to grow modestly in the second half of the year, while pledging more ECB stimulus steps if necessary.

Parsons said in his "Squawk Box" interview that he has serious concerns about Europe.

Read MoreDovish Draghi-crying wolf or QE next week?

The Ugly

Parsons—whose time as interim CEO of the LA Clippers is winding down—told CNBC that professional sports leagues need to realize that "the line has moved" on what society deems as appropriate and take action.

He believes the NBA is setting the right example for dealing with controversies.

Read MoreHow sports can 'get back onside': Richard Parsons

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