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98 days till Christmas and Macy's will increase by 20% the number of workers it hires during the holiday shopping season to fill online orders.  They will hire 18,000 holiday workers to fulfill online orders, an increase of about 3,000 from last year. Total hiring for the holiday season will be 83,000 workers. Target said it will hire 43% more seasonal workers, or a total of 100,000, for the holiday season. Staffing firm Radial expects retailers, to hire 35% more workers this holiday season.

 

The Commerce Department says retail sales fell in August by 0.2%. The hurricanes put the brakes on shoppers as motor vehicle sales tumbled 1.6%. Consumer spending accounts for more than two-thirds of U.S. economic activity and has increased at a 3.3% rate through the second quarter. Sales at building material stores fell 0.5%, receipts at service stations increased 2.5%, sales at electronics and appliance stores fell 0.7% and receipts at clothing stores dropped 1.0%.

 

People are cutting the cord at a faster rate according to eMarketer. There will be 22.2 million cord cutters this year. That is up more than 33% over 2016. As a result, TV ad spend expectations for 2017 are expected to expand by only 0.5% to $71.65 billion.

 

The S&P 500 is up 4 and the NASDAQ is up 10.  The MSCI international index is higher.

Oil is down 30cents at $49.59 a barrel.

Gold is down $9 at $1316 a Troy ounce.

 

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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.