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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 ....
this week the house select committee investigating january 6th wrapped up its summer series of hearings with the season finale of sorts. in a primetime event, they presented devastating evidence detailing the hours donald trump spent refusing to act as a angry mob tried to stop the certification of the 2020 election by force. even when it was clear the insurrection would not achieve its aims, did the commander-in-chief collin s meg army to step down? no. even a dalia later, never before seen outtakes show the president was unwilling to admit that the election was over. the bombshell hearings left me with plenty of questions. will the former president or anyone else in a position of authority ever be held accountable? will congress have the courage to strengthen the election system that trump and his allies sought to undermine. and we ll be hearing sway voters as they head to the polls in the midterm elections? we ve got a great lineup to talk about it, including minneso ....
And Electronic Devices. Complete speaker cards and document to be included as part of the file should be submit today the clerk. Thank you. Today we have item 1, so if you can please call item 1. Orbd nons approving and authorizing the exectv director of port of San Francisco to execute project agreement with army corp of engineering to allow dredging of Central Basin by pier 70, not to exceed 2. 2 million for project cost and port providing a 10 percent matching share nod to exceed 900,000 of the Central Basin payable over the 30 years for matching fair from the port not to exceed 3. 1 million. Thank you we have the port staff here to explain why we are here on a monday for the item. Yes. Good afternoon supervisors. [inaudible] project sponsor [inaudible] and the ....