It was thought — in the U.S., anyway — that the Fed's big rate cut would put pressure on the European Central Bank to follow suit. But we now see the ECB is looking at a very different economic picture. John Dimsdale reports.
The annual World Economic Forum for business leaders in Davos, Switzerland is looking this year about what can be done for the troubled global economy. Stephen Beard also reports how some reacted to the Fed rate cut.
The Fed rate cut managed to ease some of the panic. What are investors overseas worrying about now? Scott Jagow talks to Bruce Einhorn of Businessweek Magazine in Hong Kong about what the mood is in the market over there.
Kevin Flanigan at Morgan Stanley tells Kai Ryssdal that the reduction in the federal funds rate means consumers can expect lower interest rates for mortgages and loans, but it may take several months.
Ben Bernanke and the Federal Reserve got up early this morning, had a look around and didn't like what they saw. The central bank cut its main interest rate three-quarters of a percent — the biggest whack it's taken in 25 years. And another cut may be coming next week. Bob Moon reports.
What will be the fate of monoline insurers when they lose triple-A status from credit rating agencies? European correspondent Stephen Beard tells Doug Krizner widespread downgrades could be very serious for the economy.
Before reacting to this morning's rate cut, Treasury Secretary Henry Paulson addressed President Bush's stimulus plan for the U.S. economy. Dan Grech reports Paulson's main concern is the Democratic Congress.
The National Association for Business Economics will release its quarterly survey today on business conditions. Jeremy Hobson reports there may be some good news, but some analysts feel the report shouldn't be so upbeat.
There's a lot of distress surrounding the U.S. economy, but is something specific driving a huge sell-off in Asia? Andrew Wood of The Financial Times talks to Scott Jagow about the bond insurance market.
The Senate is tackling the U.S. economy today, and some analysts are looking into tax rebates to the poor as a solution. Danielle Karson reports even if that were to be enacted, slow delivery could be a problem.
