Business News


U.S. stocks are lower this morning, ensnared in a global selloff of more than 3% percent in China and Japan.  This comes ahead of this week's Fed meeting and Britain’s upcoming vote on whether or not to stay in the EU. (CNBC)
 
Consumer attitudes were stable in June. The Index of Consumer Sentiment hit 94.3 in June. Consumers rated their current financial situation at the best levels since 2007. The index of current economic conditions hit 111.7 this month, up from 109.9 in May.
 
AT&T and Verizon will compete in the final round of bidding for the core internet assets of Yahoo. Offers in the last round were in the $3.5 billion-$5 billion range. (Fox Business News)
 
Interest rates are lower with the US 10-yr bond at 1.63%, the German 10-yr at .03% and the Japanese 10-yr bond is at a negative 0.001%. (Seeking Alpha)
 
S&P 500 is down 5 and the NASDAQ is down 15.  MSCI International Index is down 1.50%. (CNBC)
 
Oil is down 50 cents at $48.50 a barrel. Oil prices are lower, after marking their fourth positive week in the past five weeks. Oil lost nearly 3% percent Friday, after weekly rig count numbers showed an increase. (MarketWatch)
 
Gold is up $11 at $1287 a Troy ounce. This is its highest price since mid-May, driven higher by a retreat of the dollar and by rising risk aversion. (Reuters)
 
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.
 

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