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George Noorey
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George Noorey
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Business News


Today’s question is will this Friday the 13th be scary for the markets as Iraq melts down and the S&P 500 has its first three day losing streak in a couple weeks?

Oregon’s largest private sector employer, Intel, raised its sales outlook for the second quarter and full year as they say the PC market is stronger than expected. The company had projected their third year of flat sales before this revision. (Reuters)

US business inventories had their biggest gains in six months in April, up 0.6%.  Businesses are rebuilding their inventories for shoppers after production disruptions during the hard winter.  At April’s sales pace it would take 1.29 months for businesses to clear the shelves. (Reuters)

Import prices are showing little inflationary pressure rising just 0.1% in May and falling 0.5% in April.  Sluggish global demand and slack in the domestic labor supply are keeping inflation muted. (Reuters)

Producer prices fell 0.2% in May and have inflation at the manufacturing level running at an annualized 2.0%.  This is a very tame number. (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.

 
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