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S&P

The Takeaway

Why Has the Stock Market Been Climbing?

Tuesday, November 26, 2013

The NASDAQ reached its highest levels in 13 years this week, breaching the 4,000 mark—and putting the index 33 percent higher than where it was last year. The Dow Jones Industrial Average and the Standard & Poor's 500 have already set several records of their own this year. So what’s driving this spike? And what do these climbing stock prices tell us about the broader health of the economy? Rana Foroohar, Assistant Managing Editor of Time Magazine, takes a look at the forces pushing our economy and markets.

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The Brian Lehrer Show

Allegations of Fraud Against S&P

Wednesday, February 06, 2013

The U.S. Justice Department has brought civil fraud charges against the credit-ratings agency Standard & Poor's. Felix Salmon, finance blogger for Reuters, explains what the suit means.

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The Takeaway

Finding the Intersection of Politics and the Stock Market

Wednesday, August 01, 2012

There is an 82 percent accuracy rate when the S&P stocks rise in an election year, the incumbent President wins, and if prices fall he will lose. Charlie Herman, business and economics editor for WNYC, joins the show to discuss how market numbers seem to influence voters.

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The Takeaway

Excerpt: "The Escape Artists"

Thursday, March 01, 2012

Shortly after four o’clock on the afternoon of Wednesday, April 13, 2011, U.S. Treasury Secretary Tim Geithner walked down the hall from his office toward a large conference room facing the building’s interior. He was surrounded by a retinue of counselors and aides. When they arrived in the room—known around Treasury simply as “the large”—four people were seated at a long walnut table on the side near the door. Geithner and his entourage greeted them, then walked around to the far side and took their seats.

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The Takeaway

Global Markets Rally On News From Europe

Friday, October 28, 2011

Markets around the world rallied on the news that European leaders had reached an agreement to solve the Euro zone debt crisis. The Dow Jones ended the day up 339 points and stocks appear headed for their best month since 1974. Was this the equivalent of Europe avoiding a Lehman Brothers-type disaster, or was yesterday just the latest in a series of dramatic rallies followed by steep declines that we've seen in this year's up and down market?

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It's A Free Country ®

The Wall Street Take on Occupy Wall Street

Tuesday, October 04, 2011

The government is in a real pickle here, if the bank stocks continue to collapse, about what they can do. If the idea were floated that there were going to be another bailout, you would have 50 million Americans march on Washington with torches and pitchforks.

Henry Blodget, editor in chief and CEO of Business Insider, on The Brian Lehrer Show.

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The Takeaway

S&P Downgrades Italy

Tuesday, September 20, 2011

Credit ratings agency Standard & Poor's downgraded Italy's debt one notch late on Monday. The Italian government is furious this morning at S&P's decision to lower the rating from A+ to A. S&P defended its decision, citing Italy's weak economic growth and high levels of government debt. The agency also expressed doubts over the government of Prime Minister Silvio Berlusconi and Parliament's ability to manage the growing crisis.

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WNYC News

McGraw-Hill Splits Into Two

Monday, September 12, 2011

WNYC

The New York-based McGraw-Hill Companies announced Monday it will split up into two public companies, with one focused on education and the other centered on markets, featuring the Standard & Poor's unit, by the end of the year.

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The Brian Lehrer Show

Financial Crisis Fallout

Thursday, August 25, 2011

Bethany McLean, contributing editor at Vanity Fair and co-author with Joe Nocera of All the Devils Are Here: The Hidden History of the Financial Crisis, discusses the book, Wall Street, the S&P and the continuing financial woes in the U.S.

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The Takeaway

Justice Dept. Probes Standard & Poor's on Mortgage Crisis

Thursday, August 18, 2011

As we learned last week the decisions of one rating agency can cause a lot of economic volatility. But according to an exclusive piece from our partner The New York Times this morning, the Justice Department is opening an investigation into Standard & Poor's to see if the agency improperly rated dozens of mortgage securities leading up to the financial crisis. The ratings being investigated came long before the downgrade of the U.S., but the probe does raise new questions about the credibility of the nation's largest credit agency and their secretive rating process. 

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The Takeaway

Markets Plunge: Should We Be Worried?

Tuesday, August 09, 2011

Stock markets went into a free-fall yesterday, witnessing drops reminiscent of the great economic collapse of 2008 that the world has still yet to recover from. The S&P 500 saw all of its stock fall and the Dow Jones industrials fell 634.76 points, the sixth worst drop in over a century. How informative is the S&P downgrade? What can we take from their assessment of Washington?

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WNYC News

Dow Falls More Than 600 Points as Obama Defends US Credit

Monday, August 08, 2011

On a day when the Dow Jones industrial average fell more than 600 points in afternoon trading, President Barack Obama said the U.S. remains a AAA country despite its credit rating down grade last Friday.

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It's A Free Blog

Obama's Relationship to Debt Reality? Downgraded

Wednesday, April 20, 2011

What the S&P found was a president un-serious about reducing our nation's crippling debt. While Obama and his supporters seem to think his words have magical properties, the rest of us realize that they're just words, and not particularly effective words at that.

Karol Markowicz, says Obama being "out of touch with reality" on the federal debt.

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It's A Free Country ®

Explainer: Why Do We Listen to S&P?

Tuesday, April 19, 2011

Yesterday Standard & Poor's downgraded the outlook for U.S. sovereign credit ratings from 'stable' to 'negative.' That prompted It's a Free Country readers to ask one question over and over again: after the worst economic disaster since the Great Depression, why do we even listen to credit rating agencies like S&P anymore?

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It's A Free Country ®

U.S. Debt Outlook: Downgrade to Negative

Tuesday, April 19, 2011

[S&P doesn't] have a lot of credibility left after totally blowing all major calls of the past decade...The chance that the United States would not pay its debts after more than 200 years of being the best creditor in the world, that chance exists. It is quite remote in my assessment. But there's no question that S&P is trying to swing the other way and trying to get some attention from the left and right, and it's obviously working.

Simon Johnson, former chief economist of the International Monetary Fund and professor at the MIT Sloan School of Management, on The Brian Lehrer Show.

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