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Stephens analyst Ben Bienvenu questions on the composition of CapEx guidance. $TUES says that a big portion of FY16 CapEx was focused on the DC. For FY17, the company is saving approx. $30MM and a majority of it will be on new stores, the relocations, and new stores expansions. There will also be some IT infrastructure spend & enhancements.
$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 !!