Page 16 - Down Day News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Let's go to felicia taylor with the latest on the down day. is the standard & poor's long-term outlook what did it? >> absolutely, brooke. they've lowered the rating from negative to stable because of our credit problems. investors like that and will stay there for the time being but the s&p is looking down the road. it's worried that congress isn't going to be able to fix the budget before 2013. we're talking two years from now. if the outlook doesn't improve, that's going to hurt the government credit rating and affect bond markets and including the value of the dollar. the good news is, thi...

Still, very controversial figure. and i think that people will probably come to their conclusions about him and stick to whatever their opinion is to be frank, brooke. >> barbara starr at the pentagon. thank you. and today, markets if you have taken a look at the numbers, they are ugly. take a look. down all of the way around. we are coming up on the closing bell, and the dow is down and s&p is down, and we may be seeing the biggest one-day loss. let's go to the managing editor of cnn money, and paul, a down day, what is the reason? >> well, yeah, this can really all be blamed on the standar...

Today's stock losses. >> as soon as the news started hitting the wires, the dollar dropped and kept sliding. even the positive news about the payout to farmers didn't have any reaction at all. it just kept slipping all through the afternoon. interest rates have actually moved to price some probability that the reserve bank may, in fact, cut rates over the coming days. and would push out any expectations of rate hikes well into this year. so quite a big reaction. the market was always going to be on the back foot. very weak markets offshore at the moment. i think we're going to have a down day ...

Radio talk show host j.d. hayworth. kate, t.j.? >> a lot going on this week in politics. >> as always in d.c., you don't get a down day. >> a lot of news going on. >> we got a lot going on this morning as well, just a few minutes to the top of the hour, quick break and we're right back. i can't wait to just sit by the pool and relax. yea. [loud music playing and yelling] with chase sapphire you always get an expert advisor immediately. man: chase sapphire, this is brian. hi, brian. we're on vacation and would love to change hotels. you call. we answer. [faint music playing] problem solved. is ...

The arizona statute does nothing more to authorize local police to do what federal agents are supposed to do. kyron horman's biological mother begging her missing son's stepmom to cooperate with police. she was the last one to see him before he disappeared from school. >> you need to do what is right not for me, not for tony, not for cane and not even for kyron. you need to do it for kiara. because she needs to see that you did the right thing to help bring her brother home. >> we're also learning that police were prepared to arrest carrie horman last month. according to authorities, landscape...