Mark Levin

ON AIR NOW

Mark Levin

3:00pm - 6:00pm

Contact
Business News


November is in the books and all three major U.S. indexes recorded sharp monthly gains. The Nasdaq and S&P posted their best month since July, while the Dow had its best month since March. (CNBC)

Those signing contracts to buy existing homes rose 0.1% in October over the prior month. The index was 1.8% higher than October of 2015. Demand is high but supply is weak, down - from 2015 levels. Pending home sales in the West rose 0.7% month-over-month and is up 2.5% annually. (National Association of Realtors)

The nations consumer spending increased in October by 0.3%. Consumer spending accounts for 70% of U.S. economic activity.  Inflation continues gain steam with the personal consumption expenditure (PCE) price index up 0.2%. In the last 12 months the PCE index is up 1.4%.  Personal income was up 0.6%. Wages and salaries were up 0.5% for a second straight month. Savings increased to $860.2 billion That was the highest level since March 2016. (The Commerce Department)

Dollar General reported third-quarter profits of $235.3 million on sales of $5.32 billion.  Both results missed Wall Street expectations. Dollar General shares are up nearly 8% in 2016 (AP)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.
 

Hide Comments

Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.