Kim Komando


Kim Komando

4:00pm - 6:00pm

Business News

Homebuilding fell in March by 6.8% to an annual rate of 1.22 million units. Single-family homebuilding fell 6.2.  Multi-family housing starts dropped 7.9%. On a positive note building permits increased 3.6% with a 13.8% surge in multi-family units. (Commerce Department)

Confidence among homebuilders remains high, according to the National Association of Homebuilder's Housing Market Index for April. While homebuilding is only a small part of the economy, it can provide important feedback on consumer strength. The overall housing picture continues to remain positive, supported by a strong labor market and tight inventory, although higher interest rates may be creating a bit of a headwind. (LPL Research)

Inflation expectations are at year-to-date lows. The 10-year breakeven inflation rate finished the week lower from 1.94% to 1.92% according to Federal Reserve Economic Data.

Big Blue, IBM, reported quarterly earnings that showed a growing cloud business. But the company has now posted five straight years of declining year-over-year quarterly revenues. The company had EPS of $2.38, that's a 1% gain.  IBM had sales of $18.2 billion, a 3% decline. IBM said it returned $2.6 billion to shareholders through dividends and share repurchases in the first quarter. (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:





  • 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.