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From the white house to those s&p negative outlooks? >> shep, the folks here say they believe the political process will outperform standard and poor's expectations. they point to this month's down to the wire budget talks which they say show that democrats and republicans can find common ground. today 140 point loss in the dow industrials shows the market is skeptical and white house press secretary jay carney indicates they don't want a down to the wire agreement at this time. >> that's why it's important to move sooner rather than later. you don't want the instability caused by any doubt ab...

Your cnbc market wrap. here is a look at how stocks are doing with 20 minutes left in the trading day. right now we are seeing the dow down about 153 points, the s&p down 15, the nasdaq down a little over 33 points. reacting to the country's growing deficit problem, the standard & poor's rating service has lowered its long-term outlook on the national debt from stable to negative. the agency says high income in a diversified and flex eible economy -- gas prices has continued it's meteoric rise. the national average is $3.83 per gallon. for those who haven't sub t submitted their tax returns,...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Nations later this month in mexico, couple of days after greece decides whether or not to ditch the euro. shepard? >> shepard: the president's news conference came after a rough economic week by some measures. one week ago, the labor department released a tough jobs report that showed unemployment rate had risen, if slightly and hours ago, the standard & poor's rating service reaffirmed that outlook for our nation's credit rating is still negative. but we did see one really bright spot this afternoon when the dow closed with a fourth straight day of gains. in fact, it had its best week all yea...