Page 10 - Double A News Today

Double as here, batteries you can trust against the ear hair you cant. without them youre conducting business with an armpit on the side of your head. thats not just some battery. thats a duracell battery. thats a power you can trust.

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Recession. europe, important than likely will go interest a recession in the 4th quarter. and that --. >>neil: and we are not immune? >>guest: we are not immune. 30 percent of s&p earnings come from that. >>neil: what if we are downgraded again? >>guest: if we go do double a, very bad message to the world, relative to americas ability to deal with its problems. >>neil: doesnt the world already know that? >>guest: i dont think so, i think given the problems they have versus what we have, were not...

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What is your response to what he was saying. >> i agree with him. in 1979 when the printing presses went down for a while we saw the basis point go up and it cost us money down the run. there was a technical default in 1979. lets look at happened in japan this january, they went from a double a rating to a double a minus and that sent ripple affects through the financial markets that got the yen to go down and at the same time interest rates went up, so that could be a possibility also for the u...

To downgrade and lets say s&p lowers us to a double a . that is a split rating? i covered the bond market all of the time and institutions go with a higher rating. i will say this, neal and your last guest hit the nail on the head. we have a chance right now to do some good things and cut the budget. this august 2nd deadline. >> we are going to be up against the deadline. >> it may not mean anything. we are not going to default. people are going to get their social security checks. >> i am sorry...

>> i agree with him. in 1979 when the printing presses went down for a while we saw the basis point go up and it cost us money down the run. there was a technical default in 1979. lets look at happened in japan this january, they went from a double a rating to a double a minus and that sent ripple affects through the financial markets that got the yen to go down and at the same time interest rates went up, so that could be a possibility also for the united states. martha: just a couple of months...

Fight over big spending cuts and lets make it clear here, were talking about reforming entitlement spending, medicare, medicaid spending to try to get into a debt limit negotiation and force the president of the united states to reform medicare if he doesnt want to i think is fruitless and they discovered that and now theyre trying to climb back down from the mountain they climbed up on and i think that mitch mcconnell has given them an opening to get past a bad situation. >> do we have a dissen...

U.s. debt from triple-a to double a if that happens and then we can drive the reform. thats what they think could happen if only republicans had the nerve to take it that far. >> theres a little time here and we could see a few more cards. republicans hoping they get close to the 2 trillion in cuts they want out of the senate. the hope is that senate democrats up for reelection, clare mccaskill, missouri, and ben-- theyre probably going to lose anyway, but definitely going to lose if theres no r...