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In October, the PPI for final demand services moved down 0.3% following a 0.4% decline in the prior month. The decline in the final demand services is primarily due to the 0.7% margin fall in trade services. Over half of the fall is attributable to margins for fuels and lubricants retailing, which slid 15.8%.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.