Honda Motor Co. (HMC - Get Report) announced the recall of 2.1 million Honda Accords worldwide in order to replace a 12-volt battery sensor following four reports of engine fires started by the faulty part in the U.S. and one in Canada.
The recall encompasses 1.15 million Accords from the 2013-2016 model years in the United States and nearly 1 million elsewhere. The company says it has received nearly 4,000 warranty claims so far related to the issue.
Due to the large nature of the recall, the company said that dealers would initially apply a temporary fix that will mitigate the issue before offering long-term replacements late.
Honda shares were were up 0.84% to $27.72 in morning trading Friday.
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More issues for food makers: As if food makers such as Kraft Heinz (KHC - Get Report) and grocery retailers like Kroger (KR - Get Report) and Walmart (WMT - Get Report) didn't have enough issues on their plate thanks to Amazon's (AMZN - Get Report) advances.
A significant demographic headwind could add further pressure on the packaged food and grocery store sectors in the years ahead, according to Wolfe Research analyst Scott Mnushkin. The U.S. government reported recently that the fertility rate in the U.S. (births per 1,000 women) hit a record low of 62.0 in 2016, with the number of births down about 1% from the prior year. With births declining and immigration slowing, population growth in the U.S. has stalled.
For the aforementioned sectors, Mnushkin points out, it's critical households are formed in order for demand to materialize. The fact that's not happening at a decent clip is troublesome.
All eyes on Apple's iPhone 8, per the usual: Barclays analyst Mark Moskowitz is not buying the projected "super cycle" in Apple's (AAPL - Get Report) stock after the tech titan releases its highly anticipated iPhone 8 later this year. Amid reports that the highly anticipated smartphone may not include wireless charging, enhanced 3D technology, or Touch ID, Moskowitz contends that the phone's OLED display, the lone headline feature, won't be enough to convince consumers to upgrade.
"With OLED, we struggle to see the incremental benefits visually that would inspire a customer to replace an adequately-performing device," he noted.
Crowley, who built the location intelligence company into a service with 50 million monthly active users across its two apps since founding the company in 2009, spoke with TheStreet'S Natalie Walters at the company's hip headquarters in Soho, New York.
"I can see what Amazon is trying to do there," Crowley said. "I think it's super brilliant." As for what Crowley is up to at FourSquare right now, check out TheStreet this weekend.
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