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Brennan Hawken of UBS asks about return on tangible guidance for GCB and ICG. $C CFO John Gerspach said the company thinks in terms of what would be considered to be a normal environment. The company takes a more conducive rate environment with Fed funds rate of 200 BP or so higher than where it is today. That's not beyond the realm of possibility.
$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.