Stocks were higher yesterday as investors grew more hopeful that lawmakers would reach a compromise on a new stimulus deal. Trump’s illness, as well as a weak September jobs report, highlighted the urgency for further coronavirus aid after a months-long stalemate in Washington.
The parent of Regal Cinemas will temporarily shutter their more than 500 U.S. movie theaters this Thursday, as well as its 127 Cineworld and Picturehouse locations in the U.K.. The theater chain made the decision to close its U.S. and U.K. locations because there are not enough blockbuster movies being released to attract attendees during the pandemic.
Oregon’s rural areas have historically had it worst during the state’s economic downturns, with less access to investment, education and other resources that help regions ride out the bad times and build the foundation for a recovery. The coronavirus recession is unique, though, and it’s playing out quite differently from past downturns – at least in the early stages. Job losses in southern and eastern Oregon over the past year are roughly half what they have been in the Portland area. In August, the lowest unemployment rate in Oregon wasn’t in one of the state’s prosperous urban centers but rather in tiny Wheeler County in Central Oregon, at just 4.4%.
With Northwest Quadrant Wealth Management, I’m Tyler Simones.