The National Federation of Independent Business said its monthly sentiment gauge fell 0.6 to 104.7, slightly more than the 0.5-point drop forecast by economists. The post-election surge was the biggest in the forty year history of the survey. The gauge rose in January but dropped in February. Some warning signs appeared in March. The uncertainty index rose to 93, its second-highest reading on record. Of the 10 survey components, only two increased. They were plans to increase employment and increase capital outlays. Owners say they’re struggling to find qualified labor with 85% reporting few or no qualified applicants for open positions.
The Federal Communications Commission rejected down a proposal yesterday that would have eased rules on in-flight cell phone calls. The proposal was put forth in 2013. It would have lifted a ban on in-flight phone calls. FCC regulations ban in-flight cellphone use but do not cover voice calls over Wi-Fi. Under the proposal, fliers still would have had to turn phones off during take-off and landing, but would have make calls once a flight reaches 10,000 feet. When first suggested, the change was greeted with backlash from fliers who dreaded the idea of being stuck in an enclosed space with others making voice calls.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
