Detailed text transcripts for TV channel - MSNBC - 20110805:10:02:00
Concerns of the strength and stability of the u.s. economy. we await the july jobs report due out in an hour and a half. the markets are tumbling this morning. the dow tumbling 500 points. a 4.3% loss in what one analyst calls an absolute blood bath. >> it's the worst since december, 2008. it was the ninth down day for the dow in the past ten sessions after posting modest gains wednesday. is there any hope of a rally after washington's debt ceiling fades? oil, gas and silver fell by 5%. the u.s. bond market is back on track for the sharpest week-long yield. the outlook is not much better overs...