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Tim Hayes of FBR asks about $USB's mortgage revenues in 2H16 and whether the company is seeing any pickup in refis. COO Andy Cecere replied that 2Q16 mix was about 65% new purchases and 35% refinancings and the company expects it to go closer to 60%-40% in 2H16. He added that $USB expects mortgage fees to continue to increase in the 20-30% range.
$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 !!