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McKinsey built AI consultant off 100 years of data, oil prices back over $100 per barrel, Pentagon hiring investment bankers to invest in military contractors, 35,000 lose power in Washington, wind storm hits OR, WA and MT, Trump calls on Powell to lower interest rates (again).

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PNW Market Look

As of market close 3.12.26

Amazon targeting $37 billion in bond sale amid AI push (Reuters)

The Pentagon is assembling a 30-person team of investment bankers from Goldman Sachs, Morgan Stanley, JPMorgan, and Bank of America to funnel $200 billion into defense deals over three years, per Semafor.

Nvidia and Palantir have partnered to create new "AI operating system"

Headline Roundup

  • REI Plans to Cut Pay of New Hires and Reduce Employee Benefits (BBG)

  • (Subscription research) Deep Dive: 5 Forces Causing The Population Collapse (Chamath)

  • Inside Portland’s $1.7B climate fund, which is being floated to help fix the Moda Center (OPB)

  • (WA) Historic Queen Anne gem rings up $12.6M sale (DJC)

  • Idaho's rural hospitals face closure risks as legislature delays approval of $186M annual Rural Health Transformation Program funds. (IBR)

  • Planned sneaker hub, in a Portland neighborhood that needs the boost, has flamed out (ORLive)

  • PGE pulls nearly 800 usable logs from North Fork Reservoir, to be donated for restoration (Katu)

  • Powerful windstorm sweeps across Western Washington leaving 1 dead, 35,000 without power (Kuow)

  • Boise Boys company Timber and Love owes more than $150,000 in back taxes on a dozen properties (BoiseDev)

  • North Portland BottleDrop, a magnet for drug use, is closing this July (ORLive)

  • US military refueling plane crashes in Iraq during Iran offensive (Ground)

  • Direct connect: Flights launch between Felts Field, Seattle (SJ)

  • ‘The worst drought on record:’ Deschutes County declares emergency (BendBulletin)

  • $23M housing village approved near Redmond airport to help people leaving homelessness (COD)

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Community Highlight

Butte School District cancels classes until Monday (Kxlf)

Cool: A Former United Boeing 747 Is Now Literally Wedged Between Two Seattle Skyscrapers (SF)

Rip’s Spotlight

Human waste backing up in basements is a gut-churning sign of US infrastructure problems (DJC)

The EPA says more than $600 billion is needed for flooding and clean water upgrades over the next two decades.”

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