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FBN’s Robert Gray with an afternoon market update, plus news that the White House declined to comment on Moody’s major bank downgrades.
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I'm Robert -- with your Fox Business brief Wall Street is rebounding today after yesterday's sharp sell off it was the second worst loss of the year for stocks.
Right now -- the Dow back up 56 points 12100649.
Well the White House is declining to comment on the US -- credit ratings downgrade from Moody's the company slash ratings on fifteen of the world's largest banks.
Including five of the biggest -- state side.
The White House says US banks are stronger today due to -- reforms.
And General Motors is recalling more than 413.
Thousand -- cruises for safety modifications.
The 2011 at 4012 models are being recalled to modify the engine shield under the car.
This will help prevent liquid from being trapped in the engine where fire could start and spread so far there are no known injuries related to the recall.
And that as the latest from Fox Business giving you -- power.
