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UBS analyst Brian Meredith asks how much of the YoverY increase in the loss ratios in the direct side is attributable to new business penalty. $PGR says that there is a bit of an uptick in frequency and severity. The company has some modest unfavorable developments for the year vs. a little less than 2 points of favorable developments last 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 !!