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Including s&p closed above 2700 for the first time yesterday. joins us live from london. what helped give these stocks a boost for is second trading day of the new year. seems to be a lot to do with investor confidence even despite concerns about u.s. and north korean leaders kind of going back and forth on respective nuclear arsenal. you mentioned s&p 500 at a new high. 2700 points above that now for first time. up more than half a% yesterday. saw the same with dow jones and nasdaq. for instance, the nikkei, stock market closed highest level in 26 years. in fact the only major stock market around the world not in positive territory right now is the south korean index. kospi. now bad news for one u.s. stock that has seen negative numbers after hours trading. tesla, manufacturer of electric cars. model 3 sedan. elon musk tweeting he was ....
Charlotte in the raleigh temperatureham area over the weekend. rain bursting through roofs and filling cars. turning dry areas into what looked like lakes and rivers. emergency crews recovering the body of a teenage girl and her mother who reportedly drowned in a fast moving creek. i m shepard smith. this is the fox report. it s the bottom of the hour, time for the top of the news. and a historic day on wall street. the dow plunging below 11,000 for the first time since last october. losing more than 600 points and 5.5% on the day. that s after the first credit downgrade in the history of the united states. and the ratings agency is warning more downgrades may be on the way. in fact, one standard and poor s official says the chances are one in three, analysts say a big reason is the gridlock we just saw during the debt ceiling standoff. and next d.c. showdown could be just weeks away. mike emanuel live in washington tonight. the debt limit includes a ....
Photos last year of a former air force ship that s now an artificial reef off the coast of key west. then he says he got the idea to display them on his deck, 93 feet below the surface of the atlantic ocean. he says he had the images sealed in special plexiglass. updating our top stories tonight. the dow plunged 634 points today. the biggest daily drop since december of 2008. and the 7th worst point drop in dow jones history. about 70 stocks fell for every one that rose on the new york stock exchange today. analysts say investors were reacting to the downgrade of the u.s. credit rating. and the europe crisis. we re hearing senate committee is now investigating standard and poor s decision to cut the nation s rating for the first time ever. the treasury secretary says the agency showed terrible judgment. geithner also said, quote, beneath all the bluster, the prospects for compromise on ....
Various members of this administration out over the weekend sunday talk shows, et cetera, pushing back on s&p. they think there was a 2 trillion-dollar matt problem here. this was faulty. there never should have been a downgrade. look urk the president came out today. he was trying to calm everyone down. you could see that stock ticker going down literally as he spoke. the president s message was, look, when big advisors like warren buffett says everything is fine, you should calm down, take a listen. warren buffet who knows a thing or two about good investments said if there were a quadruple a rating i would give the united states that i and most of the world s investors aggrieve. that doesn t mean we don t have a problem. now, to fix that problem, the president today for the first time said is he going to present a specific plan of some kind to the super committee on capitol hill. the spending cuts, tax changes, et cetera, to try to lay that on the table. reporters were pressing ....
Imploded and they gave lehman an a right before it went bankrupt even back during enron they didn t downgrade enron stock until four days before that bankruptcy. today, the managing partner of s&p responded on fox. watch. for 100 years rating governments we have been rating corporations, we have been rating structured finance deals. we stand by our record. oobviously we are disappointed with what happened with the mortgage-backed securities but, you know, it s not as if that influences the decisions that we make forward. the bottom line here is that when you have credit rating agencies that are both policing and promoting companies, experts say that creates a lot of gray area, shep? shepard: trace gallagher live tonight in los angeles. thank you. for the first time in five years, the united nations has flown relief supplies into the war-torn capital of somalia. that east african nation is in the midst of a devastating famine that the united nations ....