KQED Nightly Business Report August 24, 2017
Sizzle. It may have been due in part to comments made last night by the president. He says hes ready to shut down the government unless Congress Passes funding for a border wall with mexico. One analyst called the comments unsettli tt n that theyre not good for the investing environment. The deadline to pass a spending moisture is at the end of next month, while at the same time lawmakers face a deadline to raise the nations debt limit. Thats a much more serious issue for the market. Today the agency said the countrys aaa rating is at risk. The dow is down to 28,812, the nasdaq lost 19,000, th...