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Sam Eisner of Goldman Sachs asks about currency exposure in the EMEA region. $WHR said the EMEA region faces the most impact from the British pound and the Russian ruble. The combined impact from these regions in 2Q16 was $30MM. $WHR expects to compensate for currency losses in 2H16 through cost base price increases.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.