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George Noorey

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The S&P 500 closed just above the flat line yesterday, but it was enough to paste together a three day winning streak.  Today new Fed Chair Janet Yellen goes to Capitol Hill for her first public testimony. (Fox Business News)

The National Federation of Independent Business Small Business Optimism Index moved higher for a third straight month.  Outlook for increasing sales was up 15% and hiring was at its highest level since 2007 up 12%. (NFIB Report)

Oregon computer chip equipment maker Electro Scientific Industries continues to struggle posting flat sales and a loss of almost $5 million last quarter.  In addition the company downgraded its sales expectations for 2014 by 20%. (Business Wire)

Mercedes posted record US sales in January.  The luxury automaker sold 22,604 cars up 103 autos from last year. (Bloomberg)

Big union vote this week at a Volkswagen plant in Chattanooga, Tennessee as the UAW tries to organize their first plant south of the Mason-Dixon Line.  Auto producers have built 23 plants in the south since 1990 and none are organized. (Wall Street Journal)
 

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • Purcell Boulevard Northbound lane between Neff Road and Full Moon Drive (West side of the hospital) is closed until December 20th.

 

  • 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.