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Increased spending at gas stations and restaurants in January, pushed up retail sales by 0.4%. Service station sales increased 2.3%, restaurants and bars rose 1.4%, and auto sales slipped 1.2%. Over the past 12 months, retail sales have risen 5.6%. (Commerce Department)

Consumer prices saw their biggest increase in nearly four years in January up by 0.6%.  In the last 12 months’ consumer inflation is up 2.5%, the biggest year-on-year gain since March 2012. Gas prices climbed 7.8%, accounting for nearly half of the rise in CPI. Food prices were up 0.1%, the cost of food consumed at home was unchanged, and the cost of medical care rose 0.2%.  (Labor Department)

 

Cisco Systems, a Dow component, beat street expectations on quarterly profits and matched on sales. The networking equipment maker got a boost from strong sales of its security-related products. (CNBC)

Kraft Heinz, the company behind Heinz Ketchup and Oscar Mayer products bested quarterly earnings and revenue expectations, but that is not helping the stock today.  The company saw its bottom line benefit from lower input costs and cost cutting from their merger in 2015.

 

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

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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:

 

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  • 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.