Lars Larson

ON AIR NOW

Lars Larson

8:00pm - 10:00pm

Contact
Business News


Investors watch for an S&P 500 close above 2,000 after breaking that level intraday on Monday.  International concerns in the Ukraine, Syria, and Libya are front and center today.(CNBC)  

Durable goods, a measure of capital spending, was up 22.6% on the back of aircraft delivers.  Take out transportation (read aircraft) and the number was down 0.8%. This is a very volatile number and should be looked at over the long-term. Overtime this number is consistent with a growing economy. (Associated Press)

The Securities and Exchange Commission has warned investors to avoid fraud involving marijuana-related stocks which scammers are promoting to cheat you. Four stock promoters with roots in Washington and Oregon have been charged with securities fraud after manipulating stock, including marijuana-related companies GrowLife and Hemp Inc.  Marijuana is currently a $1.5 billion-a-year industry, and is expected to triple in a few years. Medical marijuana is legal in 23 states. (Portland Business Journal)

Wells Fargo has relaxed its standards for jumbo, non-guaranteed, home loans. The largest U.S. mortgage lender is trying to combat an industry-wide drop in home mortgage volumes. The bank lowered the minimum credit score on these fixed-rate jumbo mortgages to 700 from 720.  This is part of a trend to loosen mortgage criteria that are still tight by historical standards. (Reuters)

News
Traffic

 

 

  • Hwy 20, Santiam Pass, 1-mile East of Suttle Lake to ORE 22 junction, up to 20 min DELAYS, Paving and Striping. 9am-5pm through 10/17
  • NE 3rd Street between NE Greenwood Avenue and NE Franklin Avenue for Citywide Pedestrian Safety Improvements, periodic lane closures with local access, 9/16/19 - 10/25/19, night work from 10 p.m. - 10 a.m.
  • 61st St CLOSED between Young Ave & Canal Blvd as part of the “Six Corners” Improvement (through 11/8)
  • SE 3rd between Hwy 97 and Murphy Road CLOSED 8pm – 5am (8/25-10/18)

 

 

KBND ON FACEBOOK
 
FOLLOW US ON TWITTER