The yield on the benchmark 10-year Treasury note surged to 2.716% this morning to its highest since April 2014. (CNBC)
The Commerce Department says orders for long-lasting manufactured goods rose 2.9% in December. Orders for durable goods, which are meant to last at least three years, have risen in four the last five months.
The first release of fourth quarter GDP showed an increase of 2.6%. An inventory drag, possibly hurricane related pulled the number lower. Trade was also a drag-import growth strongly outpaced export growth and widened the trade deficit. (LPL)
The inflation component of the GDP report showed a pickup in inflation. Core personal consumption expenditures excluding food and energy, rose 1.9%. (LPL)
Intel says its shareholders can expect a $1.3 billion windfall in 2018 from the Trump tax bill. Half that will be given to shareholders through a 10% increase in the company's dividend.
K-cup maker Keurig Green Mountain will buy soda maker Dr. Pepper Snapple. (AP)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.