Business news

Tenn. consumers: Economy is bad, Trump can fix it

Sep 20, 2016

MURFREESBORO, Tenn. (WMOT)  --  Tennessee consumers are increasingly worried about the economy and a new survey says most think Donald Trump can fix the problem.

Middle Tennessee State University is out with its quarterly Consumer Outlook Index. The survey of 621 state residents shows a sharp drop of 30 points from last quarter with job prospects appearing to be the biggest drag on consumer confidence.

Forty-five percent of those surveyed say Donald Trump is the presidential candidate best qualified to fix the economy.

NASHVILLE, Tenn. (WMOT)  --  A Nashville institution hopes to reopen by no later than Friday.

Husk Restaurant co-owner David Howard told the Tennessean his team is working hard to get the Southern-fare eatery back open following a fire last week.

Howard says the blaze was caused by faulty power lines and the damage was confined to one area of the building.

Several other mid-state restaurants helped out by holding fundraisers for the temporarily out of work Husk wait staff.

MURFREESBORO, Tenn. (WMOT)  --  A new reports says Middle Tennessee is home to two of the hottest real-estate markets in the nation.

WMOT reporting partner just released a ranking of 2016’s top housing markets. The report compares data for sixteen metrics, including housing affordability, home price appreciation and job growth.

The Murfreesboro real-estate market cracked the top ten, coming in fourth. Nashville ranked 14th in the nation. None of Tennessee’s other major cities made the lists’ top half.

NASHVILLE, Tenn. (AP) — Travelers going between Nashville and Memphis will have the opportunity to fly commercial for the first time in three years beginning next month.

Southern Airways says in a news release it will fly between the two cities every day except Saturday beginning Sept. 26. Southern also will offer continuing service to Jackson, Mississippi, with a total flight time of less than three hours.

NASHVILLE, Tenn. (WMOT)  --  Nashville based Corrections Corporation of America lost more than a third of its stock value Thursday following an announcement by the Department of Justice that it will begin phasing out the use of privately held companies to house federal inmates.

Deputy Attorney General Sally Q. Yates issued a memorandum Thursday outlining DOJ plans to terminate or scale back contracts with for-profit companies now operating 13 federal prisons. CCA currently operates four of those facilities.