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Detailed text transcripts for TV channel - FOXNEWS - 20110801:22:09:00

president biden, we re told. we ll continue that and monitor that and bring it to you later. thank you. manufacturerring in the u.s. has fall on the the weakest level in two years and that report sent stocks downward. despite the deal on the debt creeling the dow recovered to lose 11 points on the day. s&p 500 dropped 5. nasdaq gave back 12. let s get perspective on what it means. the fox business anchor and host of varney and company stuart varney is here with details. good evening. the market so far, they took a dip due to manufacturerring but so far the reaction? here is where we stand. the economy is weakening. we may be on the version of another recession. this new debt deal adds $7 trillion to our outstanding national debt in the next ten years. adds $7 trillion. because of that, we face the possibility of a downgrade.

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