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Detailed text transcripts for TV channel - FOXNEWS - 20110807:23:30:00

We are watching the stocks futures on this sunday following the first credit downgrade in american history. asia set to open in about 21 minutes. but how much weight does that s&p downgrade, the credit rating system really carry? we are joined by sandra at the fox business network. and the futures are telling a story. the futures opened at 6:00 p.m. eastern time and they were very telling of what we are probably going to see in the stocks market tomorrow morning. dow, nasdaq and s&p 500s are plunges out of the game giving us an idea the sell-off over the last couple weeks, over down 10% the last couple weeks and that s lakely to continue. the dow currently plunging by 2 other points and we ve seen it down by 300 so we will be watching it closely. neil cavuto was on the fox business report friday. we talked about the fact you could see this monday regardless of the downgrade. it had more to do with the ....

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