1) Used aluminum cans are unwanted by scrape metal dealers, because the metal is less desirable for structural aluminum in aircraft and cars. Scrap prices have dropped 30% indicating the economic challenges for recycling.
2) Flooding in Nebraska has left the state nearly paralyzed the flood leaving people isolated and bringing business to a near standstill. It is still too early to assess the economic losses, but it’s expected to be tremendous.
3) Home Depot, the home improvement supplier, is going on a massive hiring spree planning to hire 80,000 new people this spring to staff stores. Positions are both permanent and seasonal part-time jobs. Seasonal jobs can be for as long as 120 days.
4) 18 MAR 19 Stock market closing:
Dow 25,914.10 up 65.23
Nasdaq 7,714.48 up 25.95
S&P 500 2,832.94 up 10.46
10 Year Yield: up at 2.60%
Oil: down at $59.02