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Your viewers across the country should care about this tiny election in new york state. the strategy that the national republican congressional committee used. it was the scott brown strategy. flew under the radar for a long time. they didn't bring in big national figures to campaign for him. he campaigned on the merits. you only started hearing about this race in the last week. >> you had ed koch campaigning for turner. >> sean: assemblyman. >> if there's a district where this could happen, it is here. i think the president showing erosion of blue collar -- [ talking over each other ] >> sean...

Your viewers across the country should care about this tiny election in new york state. the strategy that the national republican congressional committee used. it was the scott brown strategy. flew under the radar for a long time. they didn't bring in big national figures to campaign for him. he campaigned on the merits. you only started hearing about this race in the last week. >> you had ed koch campaigning for turner. >> sean: assemblyman. >> if there's a district where this could happen, it is here. i think the president showing erosion of blue collar -- [ talking over each other ] >> sean...

Speech thursday night will get us off that recession track. we've had two months of very bad news on the economy culminating in the zero jobs report for the month of august and stocks are way down. as i said, there is no confidence that the president in his speech on thursday night will be able to turn things around. publicly in detroit yesterday he hinted at a big, new stimulus plan, building roads and bridges and railroads. well that has not gone down very well with investors because it didn't work the first time around. and there is a suggestion that it will to the get through congress any ...

About 6%. the dow with its worst one-day point loss or sixth worse in history off more than 600 points. the nasdaq off 175. s&p 500 off 80. the markets are trapped in a vicious cycle of fear and now panic. fear after the credit ratings agency s&p downgraded its assessment of u.s. debt. today, followed up downgrading the ratings of america's large mortgage holders and panic because no one seems to know the exact implications of what it could have on our already fragile economy. especially as several large nations in europe struggle with their own serious debt problems. the underlying concern he...

Reassuring the nation, starts to pack his survival kit after yesterday's selloff. the late-night reaction to the economic mess a bit later in the show. but first, let's get to the news live at 5:30 a.m. in new york city. from asia to europe to here in the united states, standard and poor's historic downgrade of the nation's credit rating is having a ripple effect on the world's financial markets. although that's only a part of this story. the front page of the "wall street journal" reads, downgrade ignite a global selloff. stocks resume free fall on fear over economic and credit woes. when t...