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Jeff Stein from Northcoast Research asks about the estimate of the cash impact on store closings & if it's part of the non-cash asset impairment & other charges of $249MM. $M said most of the $249MM is non-cash & is related to asset impairment. There will be severance charges, but typically the bigger number is impairment charge on store closures.
$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.