George Noorey

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George Noorey

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Stocks are trading at all-time highs this morning after the Federal Reserve announced they will keep the punch bowl spiked a little longer.
By a 9-to-1 vote the Fed chose to continue its massive $85 Billion per month Bond buying program which stunned the financial markets sending stocks higher and bond yields lower.  The central bank cited softer US growth, rising interest rates, and reduced federal spending that would all act as headwinds as their reason for not tapering.
Tech bell weather Oracle reported earnings yesterday after the bell.  The company saw an increase in quarterly profit of 8% but the software giant’s sales fell below expectations for the third quarter in a row.  The company also gave disappointing guidance for the rest of the year.  That news sent the stock lower.
And the number of people filing for unemployment claims was 309,000 last week which is the lowest number in 6 years which is a positive sign because it is a forward looking economic indicator.

 

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:

 

Traffic

 

 

  • 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.