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Bryan Kraft of Deutsche Bank asks about the impact of foreign currency going forward. CFO Christine McCarthy said the changes during 2016 did not impact $DIS' foreign currency exposure. He added that when Brexit occurred, the company was already 85% hedged for FY17 and the impact from those currency shifts post-Brexit were very muted for $DIS.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.