Stocks are soaring this morning after the S&P 500 closed down on Friday for a ninth straight session, the longest losing streak in 36 years. (CNBC)
Timber legend Harry Merlo, who headed Louisiana-Pacific Corp. for more than two decades passed away October 24th. He was 91. In 1973, Georgia-Pacific spun off Louisiana-Pacific, and Merlo became its first chief executive. He ran the company for 22 years. Merlo built Louisiana-Pacific into a $3-billion-a-year company. It employed 13,000 and operated 46 sawmills, three pulp mills and other facilities. It pioneered oriented strand board, a cheaper alternative to plywood. (Oregon Live)
The U.S. trade deficit fell to a more than 1-1/2 year low in September amid rising exports. The Commerce Department says the trade gap narrowed 9.9% to $36.4 billion, the smallest since February 2015. Exports to the European Union increased 6.0%, the United Kingdom up 12.4% and China rose 1.8%.
With just 48 days till Christmas and retail is kicking into high gear. Toys R Us plans to open its doors on Thanksgiving Day at 5 p.m. local time for 30 hours of continuous shopping. The company has 9 stores in Oregon. (CNBC)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.