George Noorey

ON AIR NOW

George Noorey

10:00pm - 12:00am

Contact
Business News


The Congressional Budget Office estimates the economic impact to be ~$5 billion, while S&P pegs the number closer to $10 billion; however, given the U.S. economy is ~$20 trillion, the overall economic impact of the recent shutdown is expected to take ~0.1-0.2% off annualized gross domestic product. So while the longest government shutdown on record has meaningfully impacted furloughed government workers and their families, the overall impact to the economy borders on negligible. (LPL)

 

Bank of America CEO Brian Moynihan says consumer spending and business optimism are strong despite the shutdown and disruption in the global economy. He said, “based on experts and consumer activity, it looks like a solid year for the US, though less growth than last year.” (Reuters)

 

Microsoft reported a quarterly profit of $1.10 per share. Revenue did fall slightly short of forecasts. (CNBC) 

 

In their quest to capture the coveted millennial consumer and their quirky tastes, Coca-Cola is introducing some new flavors. The newest Diet Coke flavors will be strawberry guava and blueberry acai. They join four flavors added last January which were ginger lime feisty cherry, zesty blood orange and twisted mango.

 

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

Hide Comments

News
Traffic

 

 

 

 

  • Click on the link for the latest conditions on the mountain passes.
  • NE 4th Street is CLOSED between Addison and Xerxes until 8/30/19
  • Brosterhous Road CLOSED with detours between American Lane and News Lane until 8/30/19
  • ODOT crews performing shoulder work. Expect delays of up to 20 minutes on Deschutes Market Road, Alfalfa Market Road, Neff Road, Hamby Road, NW Lower Bridge Way, Fryrear Road and South Century Drive. At times, the road may be restricted to one lane which will be controlled by flaggers. 
     
KBND ON FACEBOOK
 
FOLLOW US ON TWITTER