National

1-20-17 Trump’s Schedule Packed for Today

WASHINGTON (AP) — Before President-elect Donald Trump is sworn into office this afternoon, he will make several appearances.

First, Trump and his wife will attend services at St. Johns Church where he’ll attend with his family this morning.  The service is expected to last an hour.

Then he’ll meet President Barack Obama and first lady Michelle Obama for tea at the White House.  That should be around 9:30 and will last again about an hour.

The Trumps and the Obamas will then travel together in the presidential limousine for the short trip to the Capitol for the noon swearing-in ceremony.

A parade will follow.  It’s not known if the President will walk any portion of the parade route.

Afterwards, there will be a luncheon hosted by the new President.

 

President Barack Obama and his wife are expected to depart the White House around 12:30.


1-20-17 Mortgage Costs Lower This Week

Getting a new mortgage might cost you less this week.  Long term mortgage rates have grone down slightly for the third week in a row.  This after a nine week run of increases.  A 30-year fixed rate avreage has gone down to an average of 4.09 percent.  The average rate on a 15-year mortgage also went down a touch.


1.19.17:  Trump to return to Washington today

 

 

 

WASHINGTON (AP) —President-elect Donald Trump is expected to return to Washington today, in preparation for tomorrow’s inauguration.

Trump popped in to D.C. last night, attending two fundraisers and having dinner at his hotel before returning to New York.

Tonight, Trump, following tradition, will stay at Blair House, the president’s guest house.

Advisers who’ve spoken with him say he’s been thinking of spending his first night at the White House in the Lincoln Bedroom.

 


1.19.17:  Even in Alaska, temps as low as -59 are hard to handle

 

 

 

ANCHORAGE, Alaska (AP) — The temperature in Alaska’s second-largest city never reached 30 degrees below zero last winter, but Mother Nature is making up for it this year.

At Fairbanks International Airport, the mercury dipped to minus 50 on Wednesday.

Meteorologist Christopher Cox of the National Weather Service says Fairbanks averages 11 to 12 days of temperatures that reach 40 below zero or colder each winter.

He attributes the recent cold snap to a low pressure trough that moved in from Siberia.

Clouds that reflect heat back to the surface protected Fairbanks until Tuesday afternoon.

Cox says the clouds are expected to be back Thursday, and the temperature could increase by 10 to 20 degrees.

The official coldest spot in the state was 130 miles west of the city, in the village of Tanana,  which hit minus 59.

 


1.18.17:  Shortness of breath prompts Bush hospital visit

 

 

 

(AP)–A spokesman for former President George H.W. Bush says the 92-year-old was taken to the hospital over the weekend for shortness of breath.

Spokesman Jim McGrath says that Bush has responded well to treatments and that doctors are pleased with his progress. McGrath says the oldest living U.S. president was taken to the hospital on Saturday and he hopes that he can go home soon.

Bush served as U.S. president from 1989 to 1993. He has a form of Parkinson’s disease and uses a motorized scooter or a wheelchair for mobility.

 

Bush was hospitalized in Maine in 2015 after falling at his summer home and breaking a bone in his neck.

He served as US president from 1989 to 1993.

 


1.18.17:  Target lowers 4Q profit and sales outlook

 

 

 

NEW YORK (AP) — Target is lowering its fourth-quarter profit and sales outlook after the discounter says it had sluggish holiday sales and traffic in its stores that offset a surging online business.

Target says revenue at stores opened at least a year for the November and December period were down 1.3 percent. The company now says that the key barometer for a retailer’s health will decline 1 percent to 1.5 percent in the quarter, compared to guidance of down 1 percent to up 1 percent.

Target says costs associated with shifting its efforts to online services and a highly promotional environment hurt fourth-quarter margins.

The lower expectations is a setback for Target, which is trying to reinvent itself to be more nimble in a changing landscape. It also underscores the challenges for the industry.


1.18.17:  Obama plans to grant more people clemency

 

 

WASHINGTON (AP) — President Barack Obama has become the president to have granted the most commutations, and he’s likely to be asked about that when he holds his final news conference as commander in chief today.

Yesterday, Obama commuted the sentences of 273 people, including Chelsea Manning, the Army intelligence officer who leaked more than 700,000 U.S. documents.

The White House says there will be more commutations tomorrow.

 


1.17.17:  DeVos to face questions over schools, conservative activism

 

 

 

WASHINGTON (AP) – €” Betsy DeVos of West Michigan, is being considered for the position of education secretary and her nomination is being considered today in Washington.

 

Her financial questionnaire shows DeVos has donated to the political campaigns of at least four committee members.

The committee chairman, Sen. Lamar Alexander of Tennessee, says DeVos will work to ensure equal access to a high quality education.

 

DeVos spent the past two decades advancing charter schools. She also has pushed for vouchers, which use public money to help low-income families send their kids to private and religious schools of their choice.

She is a supporter of schools of choice, which public school union members don’t agree with.

 


1.17.17:  Wal-Mart to add about 10,000 retail jobs in the US

 

 

NEW YORK (AP) — Wal-Mart plans to add about 10,000 retail jobs in the U.S. as it opens new stores and expands existing locations.

The world’s biggest retailer said Tuesday that there will also be about 24,000 construction jobs as well.

Wal-Mart Stores Inc. says there will be 59 new, expanded and relocated Walmart and Sam’s Clubs facilities.

The chain is planning $6.8 billion in capital investments in the U.S. in the coming fiscal year, which starts on Feb. 1. The investments include construction and remodeling of stores, clubs and distribution centers, and the expansion of new services such as online grocery pickup.

Last week Amazon announced that it would add 100,000 full-time jobs over the next 18 months.

 


1.17.17:  GM to announce $1B factory investment, new jobs

 

 

 

DETROIT (AP)-€” A person briefed on the matter says General Motors will announce a $1 billion investment in its factories that will create or keep around 1,000 jobs.

The investment will be announced Tuesday. The person tells The Associated Press that the investment is part of the normal process of equipping factories to build new models, and it’s been planned for months. The person didn’t want to be identified because the announcement hasn’t been made yet.

The person also says multiple factories will see investment, but GM won’t say where the new jobs will go.

 

President-elect Donald Trump has threatened to tax GM for importing the compact Chevrolet Cruze. While GM builds hatchback Cruzes in Mexico, most Cruze sales are Ohio-built sedans.