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Doug Terreson of Evercore ISI asks about weaker downstream volume for gasoline and distillate compared to the industry in 1Q16. $XOM said that the company's fuel margins were weaker with distillate margins being at five-year lows due to global surplus capacity and high commercial inventories. In US, there was less demand in the energy sector.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.