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Transportation company $CSX said it is seeing YTD volume declines across most markets, reflecting low global commodity prices, strong US dollar, and transition in energy markets. For 2Q16, $CSX expects high-single digit volume declines, which will negatively impact 2Q earnings. $CSX expects efficiency savings for full year 2016 to exceed $250MM.
$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.