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Detailed text transcripts for TV channel - FOXNEWS - 20110718:10:40:00

not individuals so much. i don t think it s going to happen to your mortgage rate or car loan rate but 7,000 cities and towns across america depend upon uncle sam to have a triple a rating. if it gets downgraded, they suffer. big deal. what about you mentioned, you know, real estate, all that. but what about our 401k s? well, today, you are likely to see your 401k go down in value because of all this uncertainty about a downgrade. we re looking at the market, the stock market likely to be showing a heavy loss at the opening bell just as it has done in recent days. one of the co-chairs of the deficit commission came forward and said $2 trillion means nothing. you have to double it. i understand that. but it wasn t if the president had his way, there wouldn t be a debate about this. this is something that would be voted on. the debt ceiling raised if it wasn t for this big clash. have they been making such a big emphasis on it? i don t think they would. i don t think the rating

Detailed text transcripts for TV channel - FOXNEWS - 20110418:13:08:00

viewers all the time by way of e-mail, if you have pictured or video, e-mail them to us at the address on your screen, you report, foxnews.com, give us your name and location. if you could, also give us a brief description of what we re seeing and we ll try and get those images on television throughout the day. stay safe out there, don t take any chances. we ll be back with the forecast after this. alisyn: meanwhile, the price of gas is creeping past the $4 mark in six states, california, the highest, the mainland states at 4.20 of regular gas and prices are expected to keep rising as summer approaches. stu varney from the fox business network is with us now. so obviously, stu, this gas spike has a ripple effect. it does. it means you ve got inflation. you can feel it, you can see it every day of the week. you can see we ve got inflation. that means interest rates are likely to go up. that means your mortgage rate might go up. your car loan rate. your business loan rate.

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