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
i m john king in washington. thank you for sharing your day with us. did kevin mccarthy calm a swirling debt deal drama? the speaker saying the agreement to pull the united states back from a crippling default is on track to pass. i don t want to be on the the wrong side of history. every single one of those members who vote no will miss the opportunity to vote for the largest cut in american history. plus ron desantis shows two sides to himself in iowa with the voters, the florida governor keeps donald trump s name out of his speech with reporters, though, he says it s time to give the former president the gold watch. move opt to the next generation. and today, new special counsel threats. jack smith now reportedly looking into the firing of the cybersecurity chief who called the 2020 election secure and why a mar-a-lago employee wanted to know the ins and outs of how the compound s security cameras work. up first for us, kevin mccarthy climbs out of the quick sand. ther
president biden may have taken a bribe while serving as vice president. what s the white house s response to the serious corruption allegation? i have to refer you to the justice department on that. i have nothing on that for you. do you know what country that pertains too. i m getting hooked, see you. sandra: stocks are falling on wall street. what exactly is the selloff signalling after the fed issued the latest rate hike, 10th in a row, and growing concerns more and more banks could be on the brink of collapse. john: and then the looming migrant surge at the border which dhs secretary mayorkas is getting a firsthand look at right now. reiterating all is well, even as the pentagon is forced to deploy 1500 troops to the border. sandra: the union is firing back at the white house spin and telling americans not to believe a word they are saying. john: welcome back as america reports rolls into a second hour. i m john roberts in washington. happy friday eve to
collapse domino effect grow on wall street and a lot of folks at home wondering what does this mean for me and the place that i bank. charlie gasparino joins us here. first the white house grilled on the border crisis and dodging questions around gop claims that the fbi is in possession of a document that describes an alleged criminal bribery scheme involving then vice president biden and a foreign national. where is this going? bret baier will join us with his take on this in just a moment. first, to peter doocy who is fresh off of this white house briefing. hi, peter. martha, for the first time, the white house is addressing this on camera with john kirby taking a question just a few minutes ago. seeking fbi document from 2020 that describes the alleged criminal scheme involving then vice president biden and a foreign national relating to the exchange of money for policy decisions. what is the white house s response to this serious corruption allegation? i have to
A few moments ago, the British Foreign secretary lord cameron said he mourned the deaths of aid workers in gaza, including three british nationals, are completely unacceptable. Three british men john chapman, James Henderson and james kirby were among them. They were working as Security Advisers. Israel said the strike was unintended and promised to investigate. The family Ofjames Kirby one of the three british nationals killed in the strike have released a statement. It said. Despite the risks, his compassionate nature drove him to offer assistance to those in dire need. A genuine gentleman, james was always willing to lend a helping hand to anyone, even in the face of senseless violence. James lost his life trying to save others. He will never know what a void he has left, ourfamily will never be the same. There have been calls for britain to stop selling arms to israel following the deaths. Prime minister rishi sunak said he was appalled by the israeli attack, while the foreign secr