Joe Pags

ON AIR NOW

Joe Pags

6:00pm - 9:00pm

Contact
Business News


Durable goods orders fell 0.7% in April. The downturn was the first since durable goods orders fell 4.6% in November 2016. Orders for transportation equipment fell 1.2% pulled down by a 9.2% drop in orders for civilian aircraft. (Commerce Department)

Gross domestic product increased at a 1.2% annual rate in Q1. That was the weakest performance since the first quarter of 2016 and followed a 2.1 percent rate of expansion in the fourth quarter. There are signs GDP growth regained speed early in the second quarter. (Commerce Department)

The S&P 500 Index traded for the 100th day of 2017 last Thursday. For the year it is up 7.9% and has made 19 new all-time highs. That is the most all-time highs as of day 100 since 1999. What does a good start to the year mean? Since 1950, there were 23 other years the S&P 500 Index was up 7.5% or more as of day 100 and the rest of the year it was higher 20 of those times with an average return of 9.0% the rest of the year. The full year return those 23 years was 23.4%. (LPL Research)

Shareholders approved the merger of Bend-based Bank of the Cascades with First Interstate Bank of Billings, Montana. The merger will be completed today. (Bulletin)

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

Hide Comments

Traffic

 

 

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

 

  • North 3rd St >< Division and O.B. Riley Rd, single lane N-Bound (6/15-8/30)
  • South 3rd St >< Wilson and Reed Ln, single lane closures South Bound 5a-2p (8/30)
  • Construction at 27th Street . Northbound Lane Closed from Ferguson to Bear Creek.  Detour in place.
  • O.B. Riley Road South-bound lane closed south of Mervin Samples Rd (12/17)
  • Butler Market East-bound lane closed E of 4th St. for sewer construction. (12/17)