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Mark Mahaney of RBC Capital asks about an update on the China outbound and the alternative accommodations market. $PCLN said the China outbound market continues to be a large and growing market. The company participates in it through its partnership with Ctrip. On alternative accommodations, $PCLN views it as a growth opportunity for its brands.
$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.