Stocks traded higher yesterday, regaining some of the sharp losses from Monday’s trading session, as investors weighed the impact of the escalating trade war between the United States and China. The market’s signal to the US and China on the trade war is that the countries leaders have wandered into a minefield.
Disney is taking full control of Hulu from Comcast, as both companies prepare to launch their own streaming services in response to declining audiences for traditional TV. The companies said that Comcast, which owns a third of Hulu, can sell its stake to Disney starting in 2024, for a minimum of $5.8 billion. Until then, Comcast will be a silent investor.
The small-business optimism index by the National Federation of Independent Business rose to a four-month high in April. The index rose 1.7 points to 103.5, with 8 out of 10 index components increasing.
Oregon’s total nonfarm payroll employment rose in April, continuing a recent surge. According to the Oregon Employment Department the state’s total nonfarm payroll employment rose 3,300 in April, following a gain of 6,500 jobs in March. Monthly gains were strongest in health care and leisure and hospitality, which each added 1,000 jobs. Oregon’s unemployment rate was essentially unchanged at 4.3 percent in April.
With Northwest Quadrant Wealth Management, I'm Tyler Simones.