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Portland Timbers hire new head coach, Washington’s primaries are heating up, Nampa votes to cut bus funding, Micron gains 12%, La Grande baseball player drafted by Dodgers, Iran war estimated to have cost $37B so far, Amazon data center in Bahrain hit by Iranian missile, Alaska trades lower on weak earnings.

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PNW Market Look

As of market close 6.21.26

Alaska Air Group reports second quarter 2026 results (AK)

Air Group reported second quarter Generally Accepted Accounting Principles (GAAP) pretax margin of (5.3)% and GAAP net loss of $76 million, or $0.68 per share. Air Group’s second quarter adjusted pretax margin was (4.3)% and adjusted net loss was $102 million, or $0.92 per share”

Prediction: Costco Will Join the $1 Trillion Club by 2033 (YF)

Headline Roundup

  • Preschool for All Needs 3,000 Fewer Seats Than Expected (WW)

  • Schnitzer West reclaims empty Bravern office towers in Bellevue (DJC)

  • New Washington law makes air conditioning a tenant’s right (KUOW)

  • Idaho in the negative by $15M in fire suppression costs with fire season yet to peak (IDP)

  • Idaho-Wyoming nuclear sector receives $31 million from federal award (IDP)

  • Portland State to eliminate 2 academic departments, 36 faculty positions to address looming budget shortfall (ORL)

  • Meridian permit filings have hinted at what’s planned for the landmark shopping center. Now, developers have announced a slate of new spots (IDS)

  • Alaska Airlines taps Boeing 737-800s for new Hawaiian island fleet (ST)

  • Boeing wins 100-plane 737 MAX order from lessor SMBC (ST)

  • Idaho to receive $3.9 million for AmeriCorps volunteer programs (IDC)

  • WA ordered to pay $118M in teacher pension skimming case; state appeals (WSS)

  • Ruby Hospitality adds Cd'A hotel to portfolio (SBJ)

  • UW to break ground on $191 million chemistry building this fall (PBJ)

  • Intel Has Reached ‘Very Important Milestone’ With Its $400 Million Chipmaking Machine, ASML CEO Says (YF)

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Community Highlight

Washington’s 3rd District could be among the most competitive House races this fall (OPB)

“Nine candidates are running in the state’s August primary, but only two will emerge from that race to compete in November. It’s one of just 18 around the country that’s considered a toss-up.

Washington state holds a “top-two primary,” which means that the top two vote-getters advance to the general election in November, regardless of party.

Two-term Rep. Marie Gluesenkamp Perez is favored in a field of four Democratic candidates. The frontrunner in a field of three GOP candidates appears to be state Sen. John Braun, a Trump favorite who represents a rural legislative district that includes northern Clark County.

Seven other candidates for the 3rd District from across the political spectrum are also fighting for a spot in the November election. Most notable is Vancouver Democrat Brent Hennrich, who has been waging a progressive campaign against Gluesenkamp Perez, in hopes of peeling off liberal voters who are dissatisfied with her voting record.

“I also tell my clients, there’s two kinds of politicians: there’s paranoid and former,” he said.”

Rip’s Spotlight

Alliance for America’s Skilled Trades: Skilled trades shaped America’s past. Here’s how they can build America’s future (Fortune)

“Skilled workers laid the infrastructure for America, creating the foundation for millions of Americans to turn hard work into above average pay and greater opportunities for themselves and their communities. The bridges and buildings that form our iconic skylines, the factories that drive our industries, the highways that connect our country and the cars and trucks that carry our families all became reality under the expert hands of builders and technicians, engineers, and artisans. 

There are an estimated 2.1 million skilled trades jobs that could go unfilled nationally by 2030, which span multiple industries, sectors, and regions. That means 2.1 million opportunities for American people and their families, who can benefit from good pay and greater economic mobility that skilled jobs can offer. The gaps range from the estimated 130,000 additional electrical workers needed by 2030 to the more than 350,000 new auto technicians needed by 2029. 

That’s why our four organizations – BlackRock, Carhartt, Ford Motor Company, and Google – have come together as founding members of a new Alliance for America’s Skilled Trades. This Alliance will work to help fill hundreds of thousands of open jobs in skilled trades, creating real career opportunities for people and giving them highly in-demand, transferable skills. This will increase their own economic options and mobility as they build the infrastructure for America’s future economic success. We are starting with training in 30 states and have the goal of expanding across America. “

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