
Good Morning,
South Korea halted trading after 40% decline in market in one month, Microsoft beat earnings and revenue predictions, American Airlines back in flight after IT issue halted planes, Fed voted 9-3 to keep interest rates stable, hinting at possible rise next meeting, Pacific Source insurance to leave Montana completely.
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PNW Market Look

As of market close 7.29.26
Headline Roundup
Important PacificSource Coverage Update (PS)
Oregon’s popular EV rebate program to reopen next month (OPB)
Cushing Terrell's Athletic Club Boise kicks off pro soccer in Idaho (DJC)
(MT) What a data center costs, and where the money lands (MTFP)
$150M project in Salem stalls; developer slams city (DJC)
Micron drops far and fast out of trillion-dollar club on China concerns (BD)
Daimler Truck will shut Portland factory, lay off 375 (ORL)
Months after promises to fill 1,900 empty affordable apartments, numbers haven’t budged (ORL)
Lithia Motors stock soars to record high on strong earnings (PBJ)
OHSU posts first positive results since 2023, boosted by clinical care and grants (PBJ)
Jackson Tower sold to Beaverton dentist for $3.25 million (PBJ)
Whatcom council sets $5.7M annual ferry district budget (CD)
Starbucks stock jumps as coffee giant raises full-year outlook (Ground)
Microsoft beats Q4 cloud expectations as full-year Azure revenue tops $100 billion (Ground)
Microsoft Profit Jumps 31% as Azure Cloud Sales Surpass $100 Billion (WSJ)
Microsoft's WA workforce hit hard amid companywide cutbacks (PBJ)
Former Microsoft campus near Costco headquarters targeted for housing conversion (PBJ)
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Community Highlight
Gov. Brad Little authorizes National Guard deployment for 300,000-acre Big Grass fire (IDP)
Oregon nears record wildfire acreage as peak season looms (OPB)
“Oregon is on pace to break its modern wildfire record, with roughly 1.7 million acres already burned this season—closing in on the 1.93 million-acre benchmark set in 2024. And it’s still July, with fire officials warning the state’s most dangerous stretch of the season, August and September, is still ahead.
A series of lightning storms across Oregon has left a trail of wildfires, forcing people from their homes as firefighters and communities race to contain them.
Oregon Department of Forestry’s Public Information Officer Jessica Neuhjahr says more than 12,000 people are working to contain fires.
“It’s really rare to see this many acres burn this early and we still have August and September left,” she said.
For communities in Oregon, this wildfire season is bringing new challenges and uncertainty. At least 30 large fires remain uncontained.
One fire that started last week, the Grasshopper Fire burning just east of Mount Hood, ballooned on Tuesday afternoon, triggering evacuations in Wasco County
The Grasshopper Fire grew to more than 18,000 acres by Wednesday morning, with zero containment.
The Emergency Conflagration Act was invoked by the Oregon State Fire Marshal for the Grasshopper Fire Wednesday, assigning additional resources from outside the state to help.”
Rip’s Spotlight
With 2030 deadline to cut emissions approaching, WA has a long way to go (WSS)
“Greenhouse gas emissions in Washington will need to plummet over the next three and a half years to comply with ambitious state climate regulations.
“Clean electricity alone cannot close the gap,” said Jeremy Hargreaves, a principal emissions modeler at the consulting firm Evolved Energy Research.
As for clean energy projects, Hargreaves added: “The rate that we need to build is higher than what recent history has given us.”
The transportation sector makes up 40% of all emissions in Washington and will likely be the most difficult to decarbonize.
To meet the state’s 2050 greenhouse gas emissions limit, transportation emissions will have to fall by 32%, according to Hargreaves.
In 2024, a state rebate program helped over 6,000 residents purchase electric vehicles, but the $45 million fund was drained in two months. Participation was three times higher than expected, according to the Department of Commerce.
Climate advocates have been urging the state to refill that account using revenue from the Climate Commitment Act, which imposes fees on companies based on their emissions.
“Washington has built one of the strongest electric vehicle markets in the country, but we’re still not moving fast enough to cut transportation pollution and lower costs for drivers,” said Meredith Connolly, director of policy and strategy at the nonprofit Climate Solutions.
And then there are data centers, which are projected to be the largest source of near-term load growth for the electric grid and the most uncertain. A forecast predicting how much electricity data centers will need by 2029 ranges from as low as 1,800 aMW to a ceiling of 6,500 aMW. The city of Seattle uses around 1,000 aMW of electricity annually, according to the Northwest Power and Conservation Council.
With hydropower from dams on the Columbia and other rivers, Washington has historically exported more energy than it imported. To meet the 2030 greenhouse gas limit, Hargreaves said, Washington will likely become a net importer of clean energy. “
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