Washington correspondent. Kevin, let me start with you. They have three whole weeks to get things done and they have to get health care through at least the senate with republicans. What are the chances . Kevin they have three weeks, but time is running out. Now posed with the option of rather to not whether not to negotiate with Heidi Heitkamp or muster a deal with alexa ted cruz and mike lee c. Some folks on capitol hill are suggesting that the majority leader is not potentially serious with working with democrats. He wants to put pressure on these republicans and say this is it. This is the moment. This is the opportunity in order to get some type of repeal and replacement effort on the Affordable Care act. Either way you start looking at the numbers of 2 million for opioid addiction or defunding planned parenthood. Look at the 22 million americans according to the nonpartisan congressional argent losedget office that would insurance because of this legislation and any look at the I
Frankly, earnings season has been good maybe better than in the last couple of years, so to blame it on earnings is looking for a scapegoat. I think most, if not all this move to the downside, has to do with the rhetoric were hearing and pete and dan can speak to this a lot better than i can when you see the vix up 44 and for the first time in a long time, not giving any back during the day, that leads me to believe that people are more concerned about geo Political Risk they are about earnings risk so, you have a vix up 44 and it hasnt happened a lot the fact that the s p was only down 1. 5 was a little curious it also speaks to what you just said the way lot of funds have been b trading volatility. Helping fund other bets hee, so this is a bit of an unwind and investors caught off guard the s p 500 three days ago was making new all time highs. Its down about 2 from those levels obviously, theres things that guy has been watching. Small caps, russell is down about 5. 5 transports roll
Rain out here near cincinnati, thats about ten hours from arriving here. That puts it in the area around 3 00, 4 00 this afternoon. Tomorrow no real Weather Threat for today. Tomorrow we do have a slight risk for Severe Weather. The primary concern for any Severe Weather issues will be gusty winds, small hail and freektd lightni frequent lightning as well. Tornado threat is low but thats not the same as no risk at all. So have your nbc washington app download today and ready to go and find, like and follow us on our social media platforms so we can keep you ahead of the storm. A peek of the weekend forecast and i know somebody that loves talking about weekends and thes melissa. I do. Chopper 4 over the top of the beltway, inner loop and outer loop there, no big problems right now. Hopefully it stays that way. Southbound north capitol street, the service road there to new york avenue, we have it blocked between o and new york avenue because of police were keeping an eye on that for you
London time it is 9 00 in the morning london time. This is as oil is rallying a little bit. Data that is meant to forecast that u. S. Crude stockpiles fell. Gold advancing as the foldout desk as the fallout from we will have plenty more on the markets. Lets get first to the bloomberg first word news with nejra cehic. Nejra the Federal Reserve is using confidence that it needs to tighten anytime soon. The meeting last month held before the britons referendum shows officials facing rising uncertainty. Policymakers want proof that job creation has resumed at a healthy pace, the underlying momentum is intact and inflation bill gross says sovereign bond yields at record lows are not worth the risk. He built the worlds Biggest Bond Fund spoke to bloomberg television. High durations which we have now at low Interest Rates. Even a small change in terms of yield can produce a significant loss. Your sovereign bonds are not up my alley. For more u. K. Property funds have frozen withdrawals as inv
Exclusive interview. Today august 18th, 2016. Talk about competing the most the first sweep in olympic history. Its over. The United States won the bronze. From nbc news, this is a special edition of today with the olympic lauer and savannah guthrie. Good morning. I have hoda here on the beach and we wake up and everybody is talk about this swimming korch tigs. Yeah, over night the drama at they were on the plane and taken off. Officials investigating their claims of being robbed with ryan and another steam mate. We talked to ryan last night, and we will tell you what he had the say. How about the team us skparks the team a gold, bronze and silver. And then to carrie and them in Beach Volleyball. Yeah, they dominated the competition and whats left for the final five . We will find out when they join us live on the beach. Let us go back to new york. Unfortunately we are still covering the raging wild fire in california. How are crews going be able to get it under control. We will take y