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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.

 

  • I-84,Troutdale MP 17 - 62, in the Coumbia Gorge remains closed. The highway is closed EB at Exit 17 in Troutdale. Trucks use US-26 to OR-35 as an alternate route.

 

  • Construction at 27th Street . Northbound Lane Closed from Ferguson to Bear Creek.  Detour in place.

 

  • 27th and Bear Creek Rd intersection varying traffic control changes

 

  • O.B. Riley Road South-bound lane closed south of Mervin Samples Rd (12/17)