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$FDX said its US GDP growth forecast is 1.6% for 2016, 20 BPs lower than forecast in 4Q16 and 2.3% for 2017, led by gains in consumer spending. Global GDP growth forecast is 2.2% for 2016, 10 BPs below 4Q16, and 2.6% for 2017. The company expects industrial production to decline 0.7% in 2016, 10 BPs lower than 4Q16, and increase 2.2% next 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 !!