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Posted by Ryan Faughnder
For Marketplace Morning Report, Wed., Aug. 10, 2011
Stock markets remain volatile as the Dow drops more than 400 points Tuesday morning, erasing Tuesday’s gains. We ask Marketplace’s Jeff Horwich to explain what’s going on. Part of the see-saw may be a reaction to the Fed’s statement Tuesday on interest rates and the economy. Gold prices soar. What do reports of lower worker productivity mean for the economy? Economists have had their say, so we ask TV psychologist Dr. Phil McGraw for his take on the American economy’s lack of confidence. If you think people are upset about the U.S.’s new AA-plus credit rating, wait ’til you hear what Russia has to say about its BBB. And the shaky stock market may throw cold water on the tech IPO frenzy, Steve Henn reports.
Here are the songs we played today:
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