Eric G.

ON AIR NOW

Eric G.

12:00pm - 2:00pm

Contact
Business News


Questionable index or not - the Dow closed yesterday near its 6 month low, as stocks continue to feel the pressure from the Chinese market sell-off, and a continued decline in commodities. The energy sector continues to be the worst performer, and global macroeconomic growth concerns continue to weigh on investors.  The good news: global stock markets steadied today, and 75% of S&P 500 companies beat earnings estimates last week. (CNBC)


Businesses are slowly starting to accelerate their spending, boosting orders for long-lasting manufactured goods and indicating they may be shaking off the rough start to the year.  New orders for durable goods-which encapsulate a diverse range of products ranging from toaster ovens to aircraft carriers (all those designed to last at least three years) rose a seasonally adjusted 3.4% in June, the first rise since March.  One more piece of positive data for the Fed to digest this week.  (WSJ)


General Motors is poised to spend $5bn on development of a new family of vehicles to push into emerging markets, deepening its partnership with China's SAIC Motor.  The cars will be under the Chevrolet brand, and will be manufactured in China, Brazil, India, and Mexico.  GM estimates that almost 90% of the growth in worldwide passenger car sales in the next 15 years is expected to come from emerging markets.  (FT)  Rival Ford reported EPS of $.47 / share this morning on quarterly revenue of $37bn, handily beating estimates.

Hide Comments

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