Playlist: Markets react to the debt downgrade
Posted by Ryan Faughnder
For Marketplace Morning Report, Mon., Aug. 8, 2011
Markets react to Standard & Poor's downgrade of U.S. debt. Our analyst says the market also reflects broader worries about the broader world economy. China, the biggest foreign holder of U.S. debt, gives its grade and it's not positive. But China may be more worried about other negative economic data, like the poor U.S. growth rate. How long before the U.S. gets its top rating back? The rich invest heavily in "family offices." And an economic bright spot: more stuff is being shipped by truck. The bad news is, there's a shortage of truckers.
Here are the songs we played today: