Hugh Hewitt


Hugh Hewitt

3:00am - 5:00am

Business News

It only seemed like the world was ending. Today marks 29 years since the October 1987 stock market crash, which saw the Dow plunge 22%.

U.S. consumer prices rose 0.3% in September as the cost of gasoline and rents jumped.  But underlying inflation showed signs of moderating amid a slowdown in the pace of increases in healthcare costs. The year-on-year increase in the core CPI was 2.2% through September. (Reuters)

The National Association of Home Builders Housing Market Index fell 2 points in October to 63. Anything above 50 is considered positive sentiment. Builder confidence stands at its second-highest level in 2016. Shortages of lots and labor continue to be a concern, as those have driven costs higher. (CNBC)

Oregon’s largest employer and the world's largest chipmaker, Intel, reported its strongest quarterly growth in nearly five years in the third-quarter. Total profits climbed 9.1%. Intel is in the middle of a transition, reducing its dependence on the fading PC market. Sales from the data center business, which offers storage and cloud-based software services, rose 9.7% from a year earlier. Revenue from the company's PC business, which accounts for over half of Intel's total revenue, rose 4.5%. (AP)

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

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  • 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.
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