A Volatile Day in World Markets

Hosted by

The Federal Reserve announced an emergency rate cut before the markets opened today, but the Dow Jones industrial average hit a 15-month low anyway.  President Bush and Democratic leaders in Congress met to talk about a fiscal stimulus package. With falling prices, more and more California homeowners now owe more than their property’s market value, and foreclosures are breaking records.

Credits

Guest:
Christopher Thornberg - Beacon Economics

Host:
Warren Olney

Producer:
Karen Radziner