It is a broadly weaker dollar story but it is by stocks, sell bonds. Yields move higher by two basis points. Crude up by 1 despite the fact that opec again upgrades its not opec supply forecast for 2018. Checking in your safety traits, you get a feel for the market is. Dollar lower. That is one of the changes. You wind up having a selloff over europe. The vix a little study. David it is time for the morning brief. At 8 00, the white house is going to be releasing an intersection plan. At 11 30, the administration will post its budget blueprint online. 240 billion for sixmonth bill. First of all, markets, are they stabilizing . The inflation fears. Are they justified . We are going to get a hint when we get the cpi numbers. Its a straight spike. Interest rate spike. A warning on the Interest Rates. Abramovitz, just a look at positioning in the market. Come inside the bloomberg. S p net positions. You are looking at the vix. You can see the stock reversal. We start with a record high and
Tapping in a putt to seal his first pga championship victory. Day finished at 20 under par, the first ever player to win a major with that low of a score. Those are just some of our top stories on this monday, august 17th. Announcer from abc news, this is world news now. Good morning, everyone. We begin this half hour with the west up in flames. Dozens of wildfires blazing across eight states, turning homes into smoldering shells. The flames driven by erratic winds and scorching heat took a toll on firefighters and forced the evacuation of campgrounds near los angeles. And theres even more damage in the pacific northwest. More now from abcs kayna whitworth. Reporter the view from the air over washington state. National guard crews navigating smokey skies over scorched ground, helicopters making water drop after water drop. But theyre battling conditions that grow worse by the hour as the temperatures heat up. The allout air assault is key to keeping residents and firefighters on the gr
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