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TIME FOR THREE-TOCK LUNCH. INTEL GETTING AN UPGRADE AND BULLISH CALL ON NIKE OUR REPORTERS HAVE THE NEWS. WELCOME, EVERYBODY LETS START WITH FEDEX HI, FRANK. WHAT IS THE STORY? HEY THERE LETS LOOK AT FEDEX, SHARES MOVING HIGHER AFTER A STEEP UPGRADE AND OUTPERFORMING RIVALS ITS RIVAL U.P.S. YEAR TO DATE AS THE DELIVERY GIANT UNDERGOES A MASSIVE COST-CUTTING EFFORT. INVESTORS IN AMAZON LISTING FOR ANY UPDATES ON THE 3.7 BILLION FEDEX GUIDED IT WILL CUT THIS FISCAL YEAR AND THIS ALL COMES AHEAD OF AN EVENT IN NEW YORK CITY ON WHAT IT CALLS ITS DRIV TRANSPORTATION INITIATIVE. HERES WHAT YOU GOT TO KNOW. IT IS A FIXED ASSET NETWORK. THE QUESTION IS IF THE WORKERS HOURS WILL BE ENOUGH TO ACHIEVE THIS GOAL OF COST CUTTING. FEDEX ESTIMATES HAVE REVENUE DECLINES EPS FALLING BY 40% ALREADY PRICED INTO THE STOCK. THIS STOCK OFTEN TRADES ON MARGIN ESTIMATED ARE FOR A MAJOR MARGIN CONTRACTION FOR ITS EXPRESS DIVISION WHERE IT GETS HALF THE REVENUE. IF THEY CAN CROSS THE LOWERED BAR