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Bob Brinker
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Bob Brinker
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Business News


The end of the financial crisis is now 5-years in the rearview mirror as we celebrated the market bottom on the S&P 500 of 666 yesterday.  The S&P 500 closed at 1878 on Friday. (Fox Business News)

China says their exports plunged 18% last month while imports climbed 10%. That is worse than expected and sent the Chinese stock markets to 5-year lows. (CNBC)

In a sign that company’s maybe coming to the end of their ability to make the manufacturing process more efficient, productivity gains for 2013 were just 0.5% their lowest gains since 1993.  This may mean companies will have to expand factories and add jobs as the economy and demand grows. (Wall Street Journal)

US household net worth rose by almost $3 trillion in the fourth quarter of 2013 to a record $80.7 trillion.  That is an almost 4% gain from the previous quarter.  More jobs, rebounding home prices and a climbing stock market all contributed to the gain. (Bloomberg)

Borrowing money to buy stocks, known as margin debt, posted its seventh consecutive monthly record high in January, climbing to $452 billion.  Margin debt has more than doubled since the start of 2000.  Some think this is a bearish sign for the markets. (Reuters)

 

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)

 
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