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Last year $PG reduced the number of agencies it works with by nearly 40%, and cut agency and production spending by $300MM. $PG is aiming for an additional $200MM of agency-related savings in 2015. These are non-working savings that enable the company to invest in working media and sampling works.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$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.