KBND Logo

 

On Air Now

Lars Larson
ON AIR NOW
Lars Larson
6:00pm - 9:00pm
Contact

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
Listen to Heather Roberts, Troy Reinhart and daCount weekdays on the KBND Morning News!
Business News


Markets continued their slow upward melt yesterday again posting slightly higher record closes.  Very little economic data today so there may be little to move markets. (Fox Business News)

Small business owners were more upbeat in May about the US economy than at any time since September 2007.  Even while reaching a post-recession high, the index is still far below what we would expect in a robust economic expansion. This was the third straight up monthly posting for the index. (CNBC)

Home foreclosures reached 8 year lows in May dropping 26% from last year. Currently nationally 109,824 homes are in some stage of foreclosure. Florida leads the pack with one in every 436 homes in foreclosure.  (Reuters)

The world added 2.6 million millionaire households in 2013, up 19 percent.  Millionaires represent 1.1% of the entire world population. The US has almost 44% of the world’s millionaires.  Last year total global wealth rose 14.6% to $152 trillion.  (Boston Consulting Group Global Wealth Report)

Short sellers, those betting the stock market will go down, have been wrong for five years.  Short sellers have recently raised their bets to 11% of all shares of one index that tracks the S&P 500, their highest since 2012.  Bets against tech stocks are 67% above their 12-month rolling average. (Bloomberg)

 

Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
LinkedUpRadio Envisionwise Web Services