continue to be the case. chris: given the economic and political situation in the u.s., which are we more likely to see an upgrading of u.s. debt back to aaa or further downgrades? we have a negative outlook on the rating. we think the risk currently for the rating are to the downside. chris: we have to leave it there, we thank you for coming in and talking with us. thank you, chris. chris: s&p downgrade was one more blow in a week when the dow fell almost 6%. latest jobs report showed unemployment still over 9%. here to discuss what can and should be done to bolster the economy are congressman paul ryan in his home state of wisconsin and in studio, bill miller head of legg mason capital management who beat the s&p index for 15 straight years. gentlemen welcome. let s start with the stp
continue to be the case. chris: given the economic and political situation in the u.s., which are we more likely to see an upgrading of u.s. debt back to aaa or further downgrades? we have a negative outlook on the rating. we think the risk currently for the rating are to the downside. chris: we have to leave it there, we thank you for coming in and talking with us. thank you, chris. chris: s&p downgrade was one more blow in a week when the dow fell almost 6%. latest jobs report showed unemployment still over 9%. here to discuss what can and should be done to bolster the economy are congressman paul ryan in his home state of wisconsin and in studio, bill miller head of legg mason capital management who beat the s&p index for 15 straight years. gentlemen welcome. let s start with the stp
chairman of lloyd s of london. pauline. what can we expect on wall street? u.s. investors shrugged ongoing global concerns on tuesday s trading. they re near the intra day highs. here s how the numbers settled out. the dow and the broader s&p index both climbed around .7% there. and the nasdaq added close to 1%. and u.s. markets still set for a higher open when trading begins later on today on wednesday. this is where the u.s. futures stand in premarket action. the dow up by .3%. the nasdaq composite up by .5%. and the s&p 500 up by a dhird of 1%. nina? high oil prices are taking a toll on the airlines. how qantas is doing and how it will affect you. that s up next on world business today.
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purpose strengthening our economy. providing more security for our middle class. the aides said it would have been worse without the president s program including legislation aimed to prevent future bail-out of institutions deemed too big to fail. not all agree how effective it will be. peter moresi believes the big investment houses are thriving but the average investor is not. if they buy a mutual fund they have a high probability of not keeping up with the market. if they buy the s&p index which is the market, it doesn t make progress. the white house says it s not fault of the recovery plan. the stimulus bill contain more tax cuts and less spending than the president s advisors wanted. jay carney says the compromise was the best they could get. the idea that we would have somehow garnered more support in congress for something different, is a misreading of