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Bob Brinker
ON AIR NOW
Bob Brinker
1:00pm - 4:00pm
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Business News


Our government may seem currently dysfunctional, but we lead the world in creating millionaires.  A report shows 1.7 million of the 1.8 million new millionaires added to that rank in the last year came from the US.  The US now boost 13.2 million millionaires, 42% of the world’s total.  The American Dream is still alive. (Credit-Suisse Report)

The second-largest US oil company, Chevron, is warning third quarter earnings will be “significantly lower” due to a squeeze on refining margins. They project refining margins will continue to be under pressure. (Reuters)

The trend continues. Global PC shipments dropped like a rock, down 9%, year-over-year in the third quarter. That is the lowest shipment volume since 2008. Shipments have declined for the last 6 quarters. (Gartner)

US foreclosures are down 33% from a year ago as US lenders completed 48,000 actions in August.  Currently 1.9 million homes are at risk of foreclosure and already in the process.   About 5.3% of mortgages are 90 days or more delinquent, the lowest since December of 2008. (Corelogic)

 

Traffic & Weather

  • Brookswood Blvd CLOSED >< Pinebrook and Lodgepole Dr. (5/14 - 9/4)
  • Skyline Ranch Road CLOSED behind Summit High School (4/22 - 7/22)
  • Brosterhous Road CLOSED from Parrell Road to Brentwood Avenue (7/3)
  • Lane Closure on Mt. Washington Drive between Archie Briggs Road (7/1)
  • Smoke Stack Lane CLOSED between N.E. Sierra and Comet Lane (7/1)
  • Road Closures in the area of Summit High School for a cycling event 3:45 p.m. - 7: 45 p.m. (July 1, 8, 16, 29)
 
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