Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Moody Reiterates Possible U.S. Downgrade

Details

  • Description

    FBN's Robert Gray breaks down mid-afternoon market news.

  • Duration 0:56
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

I'm Robert Gray -- your Fox Business brief.

Bullish investors are facing the post election blues the Dow already sega's biggest intraday drop.

Since June 1 fallen below the thirteen thousand level today and now down 361.

Points.

But the focus has shifted to the looming fiscal -- in the wake of president Obama's reelection and Moody's is again talking about a possible downgrades of the US credit rating.

Thirty says -- wait until the 2013 budget negotiations are completed.

Before taking action all of the ratings firm says failure to reach an agreement will not -- an automatic downgrade.

And Boeing is reportedly planning a major restructuring to its defense division.

Reuters reports the -- includes cutting management jobs by 30% from 2010 levels.

The report says the official word will come later today.

That is the latest from the Fox Business Network giving you the power to prosper.

Load More