Morning News Wednesday August 8th 2007
General News: - U.S. stocks rose for a third day, led by banks and homebuilders, after mortgage applications gained the most since January. - Federal Reserve Chairman Ben S. Bernanke isn't blinking in his battle against rising prices even as tumult in financial markets threatens to slow growth. - Treasuries fell for a third day as a rally in global stocks drew demand away from government debt after the Federal Reserve said yesterday the U.S. economy is likely to weather a housing slowdown. - A trade group for real estate agents lowered its outlook for existing home sales this year…