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Rod Lache of Deutsche Bank inquires if the decline in CAF mostly a function of frequency or severity as $KMX is seeing some modest declines in used car prices. CFO Tom Reedy replied that it is a little bit of both. In 1Q17, it was a little bit more severity and looking at the recovery rate YoverY, it was more impactful last quarter.
$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 !!