U.S. market reaction to Fed rate cut

Wednesday, December 17, 2008

Wall Street is heading for a lower open today after the Dow Jones industrial average 4 percent surge yesterday. The Dow futures are down 109 points as investors' enthusiasm over the Federal Reserve's interest rate cut gives way to concerns about the nation's overall weak economy. Gretchen Morgenson, assistant business and financial editor and a columnist at the New York Times, joins The Takeaway to discuss.

Guests:

Gretchen Morgenson

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