The Twitter-24/7 Wall St. Market Report (8/1/2011) US Debt Downgrade, July Car Sales

NYT: Global Markets Are Up After U.S. Debt Deal http://nyti.ms/qTmc0C

Bloomberg: U.S. Auto Sales Stall http://bloom.bg/qlvWbd $F $GM

Zerohedge: Goodbye Japan V-Shaped Recovery: Record July Car Sales Plunge http://is.gd/qLHeNc

Yahoo! Finance: Debt deal brings relief, now downgrade awaited http://yhoo.it/r5mQGB

MSNBC: Wall Street set to rally on US debt deal hopes http://on.msnbc.com/mTj5TM

MarketWatch: U.S. waits to learn whether debt deal passes ratings agencies’ triple-A muster http://on.mktw.net/n2zRcz

CNNMoney: HSBC reported it will cut 25,000 jobs around the world Monday, in addition to the 5,000 job cuts already underway. http://bit.ly/ofqtZ0 $HBC

FT: HSBC to cut 30,000 jobs: HSBC is to cut almost 10 per cent of its workforce by 2013 as part of a broader cost… http://on.ft.com/o46FBg

Douglas A. McIntyre