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Tracy Kogan of Citigroup asks about SG&A deleverage in 2H16. $LULU CFO Stuart Haselden said the company is seeing some modest level of deleverage, which translates to less than 100 BPs in 2H16. He added that it connects to a healthy operating margin recovery in 2H16 and earnings are expected to grow double digits in the second half of the year.
$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 !!