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A little cost cutting going on. Ford, the only domestic automaker not bailed out with your tax dollars, is offering buyout packages to about 15,000 workers in North America and Asia as they cut costs. (CNBC)

Emerging Market strength continues and this is why every well diversified and balanced portfolio should have some. The MSCI Emerging Markets Index is now up 19.1% year to date. (LPL Research)

The week ahead. The Federal Open Market Committee meets on Wednesday, June 14th, Flag Day, and will include Chair Janet Yellen's press conference. The Bank of Japan also meets on Thursday. Noteworthy U.S. data due out includes consumer and producer inflation, retail sales, industrial production, and housing starts. (LPL Research)

General Electric Chairman and CEO Jeff Immelt is stepping down. GE shares climbed on the news. The stock is off about 12% year-to-date. John Flannery, current president and CEO of GE Healthcare, has been named CEO of the company, effective August 1, 2017, and chairman and CEO effective January 1, 2018. Flannery, 55, began his career at GE Capital in 1987. (Bloomberg)

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

 

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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:

 

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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.