George Noorey


George Noorey

10:00pm - 12:00am

Business News

As we start of trading this Friday, the Dow, S&P 500, and Nasdaq are on track to post back-to-back weekly declines. We closed lower on Thursday, but well off the worst levels of the session. The Nasdaq is on its longest losing streak in three months. (CNBC)

Americans filing for unemployment benefits were at a 43-year low this week. Initial claims for state unemployment benefits stand at 246,000. It has been 84 consecutive weeks that claims have been below the 300,000 threshold, which is associated with robust labor market. That is the longest stretch since 1970, when the labor market was much smaller. (CNBC)

JPMorgan Chase, the largest U.S. bank by assets and revenue, saw quarterly profits fall 8% from a year ago, to $6.29 billion. Higher revenue in retail and investment banking was offset by more reserves to cover bad loans. Revenue rose 8.2% to $24.67 billion. (AP)

HP Incorporated, maker of printers and PC’s, issued a down beat 2017 forecast. They plans to cut 3,000 to 4,000 jobs over the next three years. (WSJ)

Join us this weekend for Financial Focus Radio when we will tell you why your bonds may not be safe.

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

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  • Hwy 20, Santiam Pass, 1-mile East of Suttle Lake to ORE 22 junction, up to 20 min DELAYS, Paving and Striping. 9am-5pm through 10/17
  • NE 3rd Street between NE Greenwood Avenue and NE Franklin Avenue for Citywide Pedestrian Safety Improvements, periodic lane closures with local access, 9/16/19 - 10/25/19, night work from 10 p.m. - 10 a.m.
  • 61st St CLOSED between Young Ave & Canal Blvd as part of the “Six Corners” Improvement (through 11/8)
  • SE 3rd between Hwy 97 and Murphy Road CLOSED 8pm – 5am (8/25-10/18)