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
Than a political side show. Could they go away altogether . The latest on donald trump calling for the gop to pull the Plug On Future Debates as he questions whether any of his opponents should even be Vice President. And is the shutdown a sure thing . President biden insists it isnt, but his hopes hinge on House Republicans, in his words, doing their job. And theyve got now less than three days to do it. So what happens next . Lots to talk about, but were going to start in washington where one small group perhaps ten conservative republican lawmakers are refusing to support any Stopgap Measure to keep the government from shutting down 59 hours from now. Instead, the far right is committing critical hours to an Impeachment Inquiry that a new poll shows most americans do not want, and not only is there little time or public appetite for this hearing, theres zero evidence to justify holding it. And of the three witnesses for the majority, none of them seems to have any evidence firsthand
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