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4:40am

Mon August 8, 2011
Economy

Asian Markets Slide On U.S. Credit Downgrade

Originally published on Mon August 8, 2011 6:23 am

Transcript

RENEE MONTAGNE, host:

Let's stay now with the economic fallout from the downgrade of the U.S. credit rating as well as troubled economies in Europe. That's caused markets in Asia to plunge today. NPR's Anthony Kuhn joins us from Jakarta, Indonesia to talk about all of this. And Anthony, how bad is the carnage on those Asian markets?

ANTHONY KUHN: Well, stock markets in the region are down about two to five percent, which means billions of value were wiped off of them. That's on top of last week, which saw the biggest rout in Asian stock since 2008.

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4:34am

Mon August 8, 2011
Economy

Economists Share Thoughts On Credit Downgrade

Turmoil in the financial markets has coincided with an annual fishing trip for economists and top executives deep in the woods of Maine near the Canadian border. While the economists were together, Standard and Poor's took the unprecedented step of downgrading the U.S. government's credit rating.

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2:00am

Mon August 8, 2011
Business

The Last Word In Business

Steve Inskeep has the Last Word in business.

2:00am

Mon August 8, 2011
Analysis

White House Criticizes Credit Downgrade

Steve Inskeep talks to NPR news analyst Cokie Roberts about the first downgrade of the U.S. government's credit rating. They also discuss Tim Geithner's decision to stay on as Treasury secretary.

2:00am

Mon August 8, 2011
Economy

Asian Markets Slide On U.S. Credit Downgrade

Renee Montagne talks to NPR's Anthony Kuhn about the latest on Asian market reaction to the downgraded U.S. credit rating by Standard and Poor's.

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