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Bill Carcache of Nomura asks about some color on the trajectory of investment spending progressing through 2016. $MA CFO Martina Hund-Mejean said the company doesn't give a quarterly outlook. One has to think about the high single digit as reported numbers for OpeEx in total. That does include all of $MA's opex including FX losses booked in 1Q16.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.