Lars Larson


Lars Larson

12:00pm - 3:00pm

Business News

The Institute for Supply Management's manufacturing index climbed to 59.7 in December. That marks the 103rd consecutive month of growth for the manufacturing sector.

The Commerce Department said U.S. construction spending increased by 0.8% in November, to an all-time high of $1.257 trillion.

The Mortgage Bankers Association says applications to refinance fell 7% but were up 1.8% for 2017. Mortgage applications to purchase a home, increased 1% for the week and was 3% higher in 2017. The average interest rate for 30-year fixed-rate mortgage was 4.25% to end 2017.  

J.C. Penney says same-store sales climbed more than 3% during the holiday shopping season.

Oil prices hit new highs yesterday as West Texas crude closed yesterday up $1.26, or 2.1%, at $61.63, marking its best closing price since December 2014. International benchmark Brent crude closed up $1.27, or 1.9% at $67.84, also a closing high going back to December 2014. (CNBC)

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)