George Noorey

ON AIR NOW

George Noorey

12:00am - 2:00am

Contact
Business News


U.S. producer prices in December recorded their biggest fall in more than three years on tumbling energy costs. The producer price index declined 0.3% in December with wholesale energy prices dropping a record 6.6% after falling 3.1% in November.  For 2014 inflation at the manufacturing level increased 1.1%. (Reuters)

At the consumer level inflation fell 0.4% in December. For all of 2014 consumer inflation ran at 1.6%.

Accelerating the sell off this week is retail investors pulling $4.1 billion out of US stocks, the second straight week of net outflows.  (Lipper)

Cuts in the oil patch are taking a toll as Schlumberger cuts 9,000 jobs, or about 7% of its workforce. (Reuters)

The 10-year Treasury stands at extreme lows of 1.70% as investors flee to safety of the dollar.

The euro is just above an 11-year low at $1.159, to the dollar, as the European Central Bank looks to start large-scale bond buying.

Join us Saturday at 10 for Financial Focus Radio Saturday at 10 a.m. when our mortgage expert, Peri Henderson of Directors Mortgage will be our guest.

News
Traffic

 

 

  • NE 27th Street between NE Butler Market and Jill Avenue for roadwork related to roundabout construction, full road closure with detour, 4/13/20 - 7/27/20 
  • 15th Street between Knott Road and the new collector road for infrastructure installation, full closure of the roadway, 12/26/20 - 7/31/20 
  • Murphy Road between Brown Trout Place and Country Club Drive for roadwork related to Murphy Corridor project, bypass road constructed to provide Westbound/Eastbound traffic with minimal impacts to traffic, 4/17/20 - 06/12/20 

 

KBND ON FACEBOOK
 
FOLLOW US ON TWITTER