Chris Poe opens New Painting Business
Clarksville, TN – After over 12 years in the automotive business, Chris Poe, has opened a new painting and construction business in the area. Poe’s Painting does interior and exterior painting and remodeling, from one room to entire home projects.
According to Chris Poe, “Our crew is comprised of highly trained individuals with focus in various construction backgrounds.”
Chris Poe
Riverside Drive Two Mile Yard Sale Starts Tomorrow
Clarksville, TN – There will be a Two Mile Yard Sale held along Riverside Drive June 17th and 18th starting at 7:00am and running into the early afternoon. It will be the first occurrence with hopefully many more to come. Most local businesses will be setting up sale areas at their businesses.
The sales area starts at the Hooters/Taco Bell area and ends at Dairy Queen.
This is a wonderful opportunity for the community to come out to these sales and support the businesses that were affected by the Great Flood of 2010.
The Weekly Market Snapshot from Frazier Allen
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
The economic data calendar was thin, but stock market participants continued to express concerns about the outlook. Bonds rallied, with the 10-year Treasury yield pushing below 3%. The European Central Bank left short-term interest rates unchanged, but ECB President Trichet said that “strong vigilance is warranted,” a signal that rates will almost certainly be raised in July.
The trade deficit narrowed in April, suggesting that net exports may add to GDP growth in 2Q11. The Fed’s Beige Book indicated that “economic activity generally continued to expand, though a few districts indicated some deceleration.” Loan demand was “steady to stronger,” especially in the commercial and industrial sector, while “widespread improvement” was reported in credit quality – a good sign. [Read more]
Buffalo Wild Wings Opens in Clarksville
Clarksville, TN – Buffalo Wild Wings opened their first restaurant in Clarksville yesterday with the Grand opening that attracted several hundred people who were hoping to receive wings for a year. This Buffalo Wild Wings tradition gives the first 100 people to enter after the opening a coupon booklet that entitles them to free wings each week for a year.
The flow of customers was extremely heavy throughout the day and into the evening with people standing in lines out the door and into the parking lot while waiting for seating. The parking lot was filled to overflowing with vehicles parked on the grass and overflowed across the way to Books a Million and Kohl’s Department Store lots. By the end of the day, the opening had broken all previous opening day records for the chain.
Buffalo Wild Wings at Dusk on their opening day
Daymar Institute to host Hot Jobs in the City
Clarksville, TN – Daymar Institute in Clarksville, TN is hosting their 5th Bi-Annual “Hot Jobs in the City” Career Fair. This event is free and open to the public. Local residents are encouraged to bring 10-20 copies of their resume and be prepared to meet with up to 40 local employers, agencies and organizations. “This is an excellent opportunity to meet face to face with potential employers and learn about job opportunities, make networking contacts and possibly find your next career” says Daymar Director of Career Services, Mary Wauford. [Read more]
The Weekly Market Snapshot from Frazier Allen
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
The economic data were mixed, but mostly on the soft side of expectations. Durable goods orders fell 3.8% in April, reflecting supply-chain disruptions from Japan and a pullback in civilian aircraft orders (which tend to be erratic). Ex-transportation, orders fell 1.5%, but that followed a 2.5% gain in March. New home sales rose 7.3% in April, but it’s not hard to get a large percentage increase when the level is so low (note: the April change was not statistically significant from zero). The Pending Home Sales Index, which measures signed contracts, sank 11.6% in April – not good, and consistent with other signs of a disappointing spring season in housing. Consumer sentiment improved. Jobless claims were higher than anticipated.
Real GDP growth rose at a 1.8% annual rate in the 2nd estimate for 1Q11, the same as in the advance estimate (vs. a median forecast of +2.1%). Consumer spending was unexpectedly revised down to a 2.2% annual rate (vs. +2.7% in the advance estimate and +4.0% in 4Q10). [Read more]
The Weekly Market Snapshot from Frazier Allen
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
The week began with concerns on the international front. International Monetary Fund (IMF) managing Director, and potential French presidential candidate, Dominique Strauss-Kahn, was arrested over the weekend on charges of sexual battery and resigned a few days later. The change in leaderships at the IMF (and potential struggle to select a new #1) adds to the uncertainty about Europe’s debt crisis and the news added to the recent volatility in the financial markets. The minutes of the April 26-27 FOMC meeting had a slightly hawkish tilt. The minutes showed that “a majority of participants now judged the inflation risks as weighted to the upside” and “a few members viewed the increase in inflation risks as suggesting that economic conditions might well evolve in a way that would warrant the Committee taking steps toward less-accommodative policy sooner than currently anticipated.” Note that the presidents of all 12 Fed district banks participate at the FOMC meetings, but only five are members of the FOMC and have a vote on monetary policy. [Read more]
Clarksville Walmart Unveils New Design
Renovated store offers a glimpse into the next generation of shopping
Clarksville, TN – The Clarksville Walmart, located at 1680 Fort Campbell Boulevard, will celebrate a grand re-opening next week, giving local shoppers a glimpse of the company’s next generation of store design and customer experience. The results of a two-month remodeling project will be unveiled at the Clarksville Walmart at 8:00am, Friday, May 20th. [Read more]
The Weekly Market Snapshot from Frazier Allen
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
The economic data held few surprises. Retail sales rose 0.5% in April, boosted by higher gasoline prices (ex-gasoline, retail sales rose just 0.2%). Weekly claims for unemployment insurance benefits fell back following a spike in the previous week, but the underlying trend is higher. The monthly inflation reports reflected higher gasoline prices (no surprise), but the impact was tempered by the seasonal adjustment (which expects increases in gasoline prices in the spring). An increase in motor vehicle prices, which could reflect difficulties in the seasonal adjustment, but seem unlikely to re-occur, added to both the CPI and PPI. The CPI rose 0.4% in April (+3.2% y/y), with gasoline accounting for about half of the monthly increase (and more than half of the year-over-year increase). Ex-food & energy, the CPI rose 0.2% (+0.1854% before rounding), a 2.1% annual rate in the first four months of 2011 (vs. a +0.8% pace in the last six months of 2010) – that’s not “runaway” inflation. [Read more]
Construction Workforce Tops 1,600 at Hemlock Semiconductor Site in Clarksville Tennessee
Administration Building Nearly Complete as Manufacturing Campus Takes Shape
Clarksville, TN – More than 1,600 construction workers are currently active at Hemlock Semiconductor Group’s Clarksville, TN site as construction of the administration building nears completion. Warehouse, maintenance buildings, and other support facilities will be finished later this year and production facilities will be complete in 2012.
The $1.2 billion plant is scheduled to begin producing polysilicon, the cornerstone material for solar cells, in late 2012. The Clarksville Hemlock Semiconductor facility will meet the needs of the growing solar industry. [Read more]
