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...Is typically a week or two behind the U.S. So we are just now getting a clear picture of how Q2 is shaping up. In Europe, with about 76% of companies reporting, earnings are up 18.5%, better than expected. Almost all Japanese corporations have reported, and the 23% increase is far better than expected. Emerging markets are less than 40% through the quarterly earnings cycle. Thus far, the 9.8% growth rate is below estimates of 12.1%. (LPL Research)

Telephone and Data Systems is buying Crestview Cable in Central Oregon. The deal will add more than 21,000 service addresses to the BendBroadband system acquired by TDS in 2014. Founded in Madras in 1955, Crestview Cable Communications grew through acquisition to serve Madras, Prineville, La Pine, Metolius, Crooked River Ranch, and Culver. (TDS)

Consumer prices rose 0.1%, less than expected in July.                                        Over the last 12 months CPI is up 1.7%. Gasoline prices were unchanged, food prices rose 0.2%, the cost of rental accommodation increased 0.2%, the cost of mobile phone services fell 0.3% and prescription drugs jumped 1.3% percent in July.  (AP)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.
 

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