KBND Morning News


KBND Morning News

6:00am - 9:00am

Business News

Investors pulled $11.2 billion from U.S.-based stock funds in the past week, the largest seven-day outflow since January.  Exchange-traded funds were responsible for 91% of the stock fund outflows. (Reuters)

April saw the most gun-related background checks of any April on record, making it the 12th month in a row to achieve a high water mark for gun sales. The FBI ran 2,145,865 checks last month. That is a 400,000 increase over the previous record set in April 2014.  The trend of record-setting months began last May. The number of background checks is considered a reliable barometer for gun sales as nearly all sales are made through licensed firearms dealers. (Washington Free Beacon)

Alaska Airlines will join the S&P 500 at the start of Friday morning trading. The carrier replaces SanDisk, which is being acquired by Western Digital. (CNBC)

Staples has called off its $6.3 billion buyout of Office Depot, after a federal judge granted the federal government’s request for a preliminary injunction on antitrust grounds. Staples will pay Office Depot a $250 million deal breakup fee. (Reuters)

MSCI International Index is flat.

Oil is up 19 cents at $44.85 a barrel.

Gold is up $14 at $1279 a Troy ounce.

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

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  • 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