KBND Logo

 

On Air Now

Rush Limbaugh
ON AIR NOW
Rush Limbaugh
9:00am - 12:00pm
Contact

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
Business News


Yesterday’s big sell off puts the S&P 500 5% below where we started the year. The first trading day of February was off 2%, the worst start to the Valentine month for the S&P 500 since 1933. (CNBC)

 

In a forward looking sign of improvement small business lending in the US reached its highest level in seven years in December. Small business loans were up 5% from a year earlier. (Reuters)

 

US cattle inventories were down 2% in January compared to the year before. That is the lowest inventory number for January since 1951.  Cattle numbers started falling four years ago as drought and high feed costs pushed ranchers to trim their herds.  (Associated Press)

 

The ISM Manufacturing index showed continued but slowing growth at factories in January.  The index reached its lowest level in 8-months as cold winter weather slowed demand and production. This lower number is most likely a weather blip and is seen as an outlier number. (Bloomberg)

 

Global defense spending is on pace to increase this year for the first time since 2009.  The defense industry is led by the spending of the US ($582 billion), China ($139 billion) and Russia ($69 billion). These spending increases are leading US contractors to project increased sales and profits (Bloomberg)

 

Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
LinkedUpRadio Envisionwise Web Services