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The Dow falls below 9,000 and world markets have another bad day

By John Hockenberry, Adaora Udoji

Friday, October 10 2008

Thursday was an abysmal day on Wall Street, despite continued efforts by the Federal Reserve Board, the U.S. Treasury Department and central banks around the world to calm panicky investors. Heading into the three-day weekend, world markets are falling fast. Can anything be done to stabilize the situation?

Guest: David Wyss, chief economist for Standard and Poor's
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