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Steven Fisher of UBS asks about the duration of the company's backlog today and how it's changed over the last few months. $PCAR said orders have been good in Europe with solid backlog. The company is expecting that it will increase its daily build rates during the course of 2H16. In North America, orders have been below production & retail sales.
$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.