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Devin Ryan of JMP Securities asks for some additional color on the fair value mark within the energy book. $MS CFO Jon Pruzan replied that 40% is both fair value and held for sale. He added that the held for sale will run through other revenues and the fair value will run through sales and trading line items, and $MS does mark-to-mark it daily.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!