Average hourly earnings grew
As part of Fridays big jobs report the Labor Department says average hourly earnings grew by 0.1% over last month. Year over year, wage gains were to 2.6%. The strong jobs growth, but contained wage inflation, helps to quell fears of rising inflation.
52% of Disney shareholders voted to reject an executive compensation plan that could reward CEO Bob Iger with up to $48.5 million, a compensation tied to the closing of a planned acquisition of film and TV assets from 21st Century Fox. (FOX).
Shares of Toys R Us debtholders Hasbro and Mattel have seen their stock prices fall after CNBC reported, that Toys R Us may soon liquidate its U.S. operations.
Oregonians won’t get a state tax break on money they save to pay for K-12 private schooling even though the Trump tax cuts allow the use of 529 accounts for it. Oregon Democrats said they opposed using the state’s college savings plan for private education.
On 10th anniversary of Bear Stearns’ collapse, a Senate bill with strong support from both sides of the aisle would loosen regulation for smaller banks.
The S&P 500 is up 5 and the NASDAQ is up 30. The MSCI international index is higher.
Oil is down 46 cents at $61.58 a barrel.
Gold is down $8 at $1316 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.