First Light

2:00am - 3:00am

Business News

Fed Chair Janet Yellen goes back to Capitol Hill and the Senate this morning after rattling markets from the House side yesterday. The 10-year Treasury yield has fell to around 1.53%. That is a three-year low. (CNBC)
Pepsi reported quarterly profits rising to $1.72 billion, from $1.31 billion, a year ago as higher sales of snacks and beverages in North America helped reduce the impact of a strong dollar. Sales fell 7% to $18.59 billion. The company increased its 2015 annual dividend to $3.01 per share from $2.81 per share and said it would return about $7 billion to shareholders through dividends and buybacks in 2016. (Reuters)
Whole Foods sales at established locations slipped 1.8% in the quarter and are forecast to be flat to down 2% for the year, as it works to keep prices down and fend off rivals.  Profits for the quarter fell to $157 million. Total sales rose to $4.8 billion. (AP)
Kellogg is reporting a loss of $41 million in the quarter. The maker of Frosted Flakes, Pop Tarts and Eggo waffles posted sales of $3.14 billion in the quarter. Kellogg shares are off 2% since the beginning of the year, but are up almost 7% in the last 12 months. (AP)
The S&P 500 is down 31 and the NASDAQ is down 63. The MSCI international index is flat.
Oil is down 75 cents at $26.66 a barrel. That is a 2003 low.
Gold is up $45 at $1239 a Troy ounce. That is an eight and a half month high.

Hide Comments




  • 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