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Newspaper
Holland Sentinel
Location
Holland, Michigan, United States of America
Date
Sep 19, 2019
Page
5
Stocks of local interest show mixed results with the Dow Jones index at 2714715 and NASDAQ around 817739. A small decline is indicated by a negative 0.11 percent reading, reflecting modest losses in technology and broader market gains.
The Federal Reserve cut its benchmark rate to 1.75 to 2.0 percent in a 7-3 vote, signaling possible further cuts only if the economy weakens. Powell faces internal divisions and external pressure from President Trump’s trade war while most officials foresee little chance of a rate hike in 2020.
Eight time Paralympic track and field medalist Patrick Blake Leeper will speak at the Michigan West Coast Chamber of Commerce annual meeting in Holland at the Holland Civic Center on September 27. A free Dream Big Fun Run with Leeper is set for September 26 at Windmill Island. Registration for the meeting is $75 for members and $100 for non members.
The Associated Press reports union and company bargainers are inching toward a new contract while a United Auto Workers strike at 33 GM factories persists into its third day. Committees tackle wages health insurance costs temp workers and retooling as talks continue into Tuesday evening with plans to restart discussions on Wednesday. UAW spokesman Brian Rothenberg says progress is slow but ongoing and more than 49 000 workers walked off their jobs on Monday in the dispute.
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