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Joseph Greff of JP Morgan asks about the interest expense decrease in 1Q16 and cash balances in Macau. CEO Stephen Wynn replies the decrease was all related to capitalized interest. $WYNN took the opportunity to capitalize $25MM of interest that should have been capitalized last year. Cash balances in Macau were $865MM.
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.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.
Wanna know what $TSLA announced yesterday? Watch the video!! Tesla Self-Driving Car Level 5 Autonomy. This is crazy!!