Mark Levin

ON AIR NOW

Mark Levin

3:00pm - 6:00pm

Contact
Business News


While the popular media seems obsessed with Dow 20,000 they are missing the real news. The Nasdaq hit another record yesterday working on its longest winning streak since early 2015. The S&P 500 closed just 2 points off a new high yesterday. (CNBC)  

J.M. Smucker is raising prices of its packaged coffee such as Folgers and Dunkin' Donuts by an average of 6%. Smucker is the biggest coffee roaster in the US. It is seeing sustained increases in green coffee costs. K-Cup pods were excluded from the price increase. (Reuters)

Wholesale inventories rose 1.0% in November. The largest gain in two years as inventory investment supports economic growth in the fourth quarter. Wholesale stocks of farm products surged 5.0%, petroleum climbed 2.7%, and machinery inventories fell 0.2%.(Reuters)

U.S. crude production is expected to rise by 110,000 barrels per day in 2017 to 9 million. US crude overall production was 8.95 million bpd last week, the most since April of last year. Domestic crude inventories increased by 4.1 million barrels last week. (Reuters)

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.