Colorado - FRI. 04/03/20 A Free Business Publication from Alpine Bank Print Version Print View Online Webpage
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ALPINE BANK UPDATE
 
 
 

In a continued effort to keep our communities, employees and their families safe and healthy, Alpine Bank will be temporarily closed on Saturdays, until further notice. We invite you to use AlpineOnline banking and the AlpineMobile app for 24/7 banking access. Starting this Saturday, April 4, our Communication Center hours are 8:30 a.m. to 12:30 p.m. Customer Service and Internet Banking support representatives are available Saturday from 8:30 a.m. to 12:30 p.m. by calling 800-551-6098. For up-to-date information about your local branch hours of operation and alternative in-person banking options, visit the link below.

 
- Alpine Bank
 
OUTDOOR RETAILER CANCELS JUNE TRADE SHOW IN DENVER
 
 
 

Emerald Expositions announced Thursday that it was canceling the Outdoor Retailer Summer Market 2020 scheduled for June 23-25 at the Colorado Convention Center. It is the country's premier trade show for the outdoor recreation industry which was moved to Denver in 2017 from its longtime run in Salt Lake City.

 
- Denver Post, 04.03.20
 
AFTER DEVASTATING FIRE, DENVER'S BOYER'S COFFEE VOWS TO BUILD BACK
 
 
 

A fire Thursday completely destroyed the Boyer's Coffee roasting plant and café at 7295 Washington Street in Adams County. No one was in the building and no firefighters were injured. Boyer's Coffee is owned by brothers Douglass and Jason Barrow and has been a staple in Denver since 1965, serving more than 1,400 stores and selling Rockies Roast at Coors Field. The Barrow brothers vowed to return to business, saying, "while our building burned yesterday, our business did not."

 
- Denver Post, 04.03.20
 
CRUDE OIL ZOOMS UP 25 PERCENT
 
 
 

U.S. crude oil closed up $5.01 Thursday at $25.32 a barrel, up 25 percent, its biggest one-day percentage increase on record, going back to 1983. Brent crude, the global price indicator, rose $5.20, or 21 percent, to close at $29.94, which also was its best one-day ever in data going back to 1988. The price fluctuated all day, first up 35 percent on news from President Trump that Russia and Saudi Arabia agreed to cut production; then turned lower after the Kremlin denied talking to the Saudis; then stabilizing after the Saudi officials said they would consider cuts.

 
- Wall Street Journal, 04.03.20
 
PITCO RELIEF FUND STARTS DISTRIBUTION
 
 
 

Pitkin County Health and Human Services has a fund of $1.3 million designated for providing financial relief to county residents. Nan Sundeen, director of Health and Human Services, began distribution Thursday, allocating $60,417 to 66 of the some 1,000 applicants for the funds. The county says the relief money is available to those with needs such as rental/mortgage assistance, utility assistance, emergency food assistance, household supplies, and transportation assistance. Complete information and application at: pitkincounty.com/182/Human-Services.

 
- Aspen Times, 04.03.20
 
CITY OF GLENWOOD SPRINGS: DON'T GO TO THE LANDFILL
 
 
 

The Glenwood Springs South Canyon Landfill will no longer accept yard waste or electronic recycling and because it has been overrun with traffic recently, the city of Glenwood Springs is asking residents not to make a trip to the landfill unless absolutely necessary. The landfill will still accept waste from trash haulers, construction waste, household trash and recycling. The city has postponed its annual free trash and brush spring cleaning but the city requests that residents just hold on to brush, leaves and other yard debris.

 
- GS Post-Independent, 04.03.20
 
CPW: HUNTING, FISHING SEASONS ARE OPEN, YOU STILL NEED A LICENSE
 
 
 

Colorado Parks and Wildlife issued a statement to counter the increasing number of messages on social media saying things like the hunting and fishing seasons were canceled. CPW says hunting and fishing seasons are open, but reminds people they still need a license. Also, state parks are open, but there still is an entrance fee. The national parks that are still open have waived visitor fees. Although CPW offices and visitor centers are closed, information is still available at: cpw.state.co.us.

 
- GJ Daily Sentinel, 04.03.20
 
SAN MIGUEL COUNTY TESTING SHOWS LARGE MAJORITY OF NEGATIVE RESULTS
 
 
 

San Miguel County has been administering countywide, voluntary, free c19 antibody blood tests for COVID-19, and this week, officials released the first round of results. Out of 986 tests, about 97 percent, or 955 people, tested negative. Twenty-three (23) people were "indeterminate" which officials consider negative, although they have an increased chance of testing positive when they are tested again after 14 days. One percent, or eight people tested positive. Those with indeterminate testing status were notified by public health officials and were told to self-isolate for 14 days.

 
- Telluride Daily Planet, 04.03.20
 
IRON HORSE BICYCLE CLASSIC POSTPONED
 
 
 

For 48 years, Memorial Day signaled the beginning of summer in Durango with the Iron Horse Bicycle Classic. The 47-mile bicycle road race originated to see whether a cyclist could beat a locomotive of the Durango & Silverton Narrow Gauge Railroad on its route from Durango to Silverton. IHBC organizers announced Thursday that the 2020 Iron Horse Classic was postponed. There was no date identified for the 2020 race, which was scheduled for May 22-24 this year.

 
- Durango Herald, 04.03.20
 
TOWN OF VAIL, CPW WORK TO FENCE BIGHORN SHEEP OFF ROADS
 
 
 

Following the loss of three bighorn sheep in recent months due to vehicle collisions on Interstate 70 in East Vail and the continued danger to motorists and wildlife, the town of Vail is working with Colorado Division of Parks and Wildlife to install temporary fencing along the north side of the North Frontage Road in an attempt to keep the sheep from accessing any roadway. The fencing will run from the East Vail Interchange along the north side of the North Frontage Road west to Katsos Road. The town is in the process of obtaining the relevant permitting to install the 8-feet tall temporary fence within the right-of-way.

 
- www.vaildaily.com, 04.03.20
 
GREATEST DESIGNS OF MODERN TIMES
 
 
 

In 2019, FORTUNE undertook the re-creation of its 1959 project to discover the 100 best-designed products of the modern era. FORTUNE partnered with the Institute of Design at the Illinois Institute of Technology (ITT), as it had in 1959 to survey 100 of the top designers, architects and design teachers to compile the list. The top 20: 

  1. iPhone
  2. Macintosh
  3. Google Search Engine
  4. Eames Fiberglass Chair
  5. Sony Walkman TPS-L2
  6. Oxogood Grips Peeler
  7. Uber Rideshare
  8. Netflix Streaming
  9. Lego Building Blocks
  10. iPod
  11. Google Maps
  12. Apollo 11 Mission
  13. Akari Lamp 1A
  14. Macbook Pro
  15. Post-It Notes
  16. Boeing 747
  17. Polaroid SX-70
  18. Model S Sedan
  19. Nokia 3210
  20. Savoy Vase
 
- FORTUNE, 03.16.20
 
 
 
 
 
 
 
 
MARKET UPDATE - 04/02/2020 Close
 
(Courtesy of Alpine Bank Wealth Management*)
 
 
Close
Change
Dow Jones Industrials
 
21413.44
 
+469.93
 
S&P 500
 
2526.90
 
+56.40
 
NASDAQ
 
7486.31
 
+126.73
 
10-year Treasury yield
 
0.55
 
-0.01
 
Gold (CME)
 
1625.70
 
+47.50
 
Silver (CME)
 
14.59
 
+0.67
 
Oil (NY Merc)
 
25.32
 
+5.01
 
Natural Gas ($/MMBtu)
 
1.55
 
-0.03
 
Cattle (CME)
 
92.82
 
-4.50
 
Prime Rate
 
3.25
 
NC
 
Euro (per U.S. dollar)
 
0.92
 
+0.01
 
Canadian dollar (per U.S. dollar)
 
1.41
 
NC
 
Mexican peso (per U.S. dollar)
 
24.22
 
-0.02
 
30-year fixed mortgage rate (Freddie Mac 04/02/2020)
 
3.33
 
-0.17
 
*Not FDIC insured. May lose value. Not guaranteed by the bank.
 
 
 
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Alpine Bank is an employee-owned Colorado company chartered in 1973. With 40 locations across Colorado, Alpine Bank offers a full suite of banking services.
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