Dow Shoots Out of the Gate

Okay, let's check here: Any other billionaires buying into the shaky financial sector, single-handedly propping up Wall Street for an entire trading day?

No? None so far?

Okay, well, then the markets appear to be up on their own this morning. So far, the Dow is up 100 points at the open. This, despite the Labor Department report this morning that jobless claims for the week ending Sept. 20 have hit a seven-year high, thanks to Hurricanes Gustav and Ike and the general economic malaise.

But Wall Street may be so focused on its pending bailout that nothing else may matter in today's trading.

Reports from the Hill are that the $700 billion bailout deal is all but wrapped up, even as President Bush has summoned congressional leaders to the White House today for a skull session photo-op and almost before Sen. John McCain (R-Ariz.) was able to pull the rip-cord on his campaign-suspending parachute into the financial crisis.

--Frank Ahrens

September 25, 2008; 9:35 AM ET  | Category:  business
Previous: Morning Briefing | Next: US Chamber: Senate Could Vote by Weekend

Comments

Please email us to report offensive comments.



Oh Yeah! Panic by the RICH....
I MIGHT MISS A CHANCE TO GET MY SHARE OF THE PROFITS.

LET THE CHUMPS PAY THE BILL.
I'M GETTING MINE.
F*** THE LITTLE GUY.
SCREW THE WORKER ANT.

Posted by: tomhere | September 25, 2008 10:09 AM

Hmmm . . . the president and McCain are in a panic but Wall Street doesn't to be.

Posted by: sketchpada | September 25, 2008 10:49 AM

Does this mean that McCain can't take credit for saving America's financial crisis because he's in NYC for Clinton's hobknobbing meeting?

Nahhhh he'll still take the credit and when people raise their eyebrows he'll just repeat it until people believe it.

Posted by: Mike | September 25, 2008 12:15 PM

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company