Financial Focus with Troy Reinhart & Tyler Simones

10:00am - 12:00pm

Business News

The Commerce Department said new orders for capital goods unexpectedly fell 0.5% in October. That was the biggest drop since September 2016. Strong business spending on equipment boosted manufacturing, orders for machinery increased 0.6%. Manufacturing accounts for 12% of the U.S. economy. Last month orders for electrical equipment, appliances and components climbed 0.8%.

The University of Michigan's survey of consumer attitudes for November rose to 98.5 in November. Expected changes in inflation rates for the following year, also tracked in the survey, are expected to creep up to 2.6 after landing at a 10-month low at 2.4 in October.

The Chicago Fed National Activity Index, an aggregate of over 80 economic indicators that attempts to paint an overall picture of the economy each month, posted its best number in October since January 2012. Strong data over the last month is also reflected in the Citi Economic Surprise Index, which measures the performance of economic data versus economist consensus expectations, which hit a multi-year high Wednesday, reaching its strongest level since early 2014.

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