Just 97 days till Christmas and it is time to start planning. United Parcel Service will hire 95,000 workers for the holiday shopping season. Up from 93,000 last year. The pay range for seasonal hires is $10.10 to $30 an hour. About 37% of seasonal hires over the last three years have been hired permanently. (CNN)
Consumer prices increased 0.2% last month after being unchanged in July. In the 12 months through August, the CPI increased 1.1%. In August, gasoline prices fell 0.9%, food prices were unchanged, medical care costs jumped 1.0% and Americans also paid more for motor vehicle insurance and apparel. (Reuters)
The Index of Consumer Sentiment hit 89.8 in September. Consumers’ assessment of current economic conditions dipped slightly, hitting 103.5 this month, down from 107 in August. (University of Michigan)
After his employees opened 1.5 million bank accounts and over half a million credit cards without client’s consent Wells Fargo CEO John Stumpf will appear before the Senate Banking Committee tomorrow concerning what we now know as the bank’s illegal sales practices. (CNBC)
S&P 500 is up 10 and the NASDAQ is up 17. MSCI International Index is up 1%.
Oil is up 58 cents at $43.60 a barrel.
Gold is up $8 at $1318 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.