Friday august 18. Your top stories, 6 00 a. M. On the east coast. The august selloff continue spiking interestrate squeezing consumers and sending investors to sell. After the third day of selling mixed rally, the dow industrial don 46, nasdaq 1046 as well, the s p 500 lower by seven points, edging lower, the ten year yield reaching highs not seen since november 2007. We talk about twentyyear highs, the thirtyyear is settling at the highest since april 2011. The yield is sitting up fourpoint to 25 on the ten year period that is on private basis points this morning. The thirtyyear 4. 39 that is down four basis points from yesterdays highs, investors are hoping for answers at the Federal Reserve jackson hole retreat happening next week were jay powell is expected to take the stand and speak in a speech next friday. We will be covering that jackson hole meeting as well. Mortgage rates also skyrocketing with the thirtyyear fixedrate sitting at 7. 09 . That is the highest rate since april 2
Basically all of the reports and videos being sent to me is like an apocalypse. Stories of despair and destruction from hawaii. As firefighters battling multiple blazes and residents and tourists seek any shelter they can. A man accused of making threats against u. S. President joe bidens shot and killed by fbi agents attempting to arrest him. And new details on what former President Donald Trump and his allies can expect when a georgia prosecutor pursues new indictments from the 2020 election investigation. Next week. Good to have you with us. Right now, wildfires are burning through two islands in the u. S. State of hawaii. The flames are raging Out Of Control and on now they have killed at least six people. Footage from Need Tourist Hot Spot shows a decimated community that looks more like a war zone then a tropical haven. Many people do not have power or cell phone service. And thousands are in shelters as Emergency Crews Carry Out Search And Rescue operations. The National Weather
These nine countries have opted to implement restrictions on travelers coming from China as the Asian nation continues to battle an outbreak of the COVID-19 virus following the lifting of its zero-COVID policies.
Experts expect that when Chinese President Xi Jinping talks with Russian President Vladimir Putin, he will take the chance to work for peace in Ukraine.
Donald Trump used the incident to slam the Jan. 6 Committee on his Truth Social platform. As the January 6 special committee completes its work, it resolved on Wednesday to withdraw the subpoena it had issued to Donald Trump, as further testimony from the former US President was no longer necessary, according to committee chairman Bennie Thompson (D-Miss.