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Yesterday the week long correction took a pause as markets moved to the upside.  Today just before lunch the Federal Reserve will end their two day meeting and tell us what they decided.  This could move markets.

Boeing posted a 26% increase in profits last quarter on sales that were up 6.6%. The company expects to deliver between 715 and 725 planes this year.  But those results were less than traders expected and the stock is down about 3%. (Reuters)

US mortgage applications were essentially flat last week according to the Mortgage Bankers Association.  As interest rates start to tick up and the refinancing boom tapers the mortgage index hit its lowest level since December 2000 as we ended 2013. The 30-year fixed rate stands at 4.52%.

December consumer confidence hit its highest level since August as the job market and business conditions improve.  For 2013 the confidence index averaged its highest level since 2007. (Associated Press)

With the lack of snow in the west many in the ski industry expect consolidation as smaller resorts struggle.  One of the big winners could be Vail Resorts, ticker signal MTN.  They have been on an acquisition binge the last couple of years. (Bloomberg)
 

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.