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$MCD said more than 80% of its global restaurants are franchised and the largest driver of operating income is franchise margins. In 2Q16, growth in global franchise margins was led by the US and the international lead markets. Franchise margins totaled $1.9Bil, up 6% in constant currencies and contributed $100MM to global operating income growth.
$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.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!