Stocks Close Lower, Dragged Down by Telecom

Jan. 8 (Bloomberg) -- Gigi Stone recaps the day's market timeline. She speaks on Bloomberg Television's "Bloomberg Rewind." (Source: Bloomberg)

Why Moody's Downgraded China to A1
15:31 - Moody's Investors Service cut its rating on China's debt, saying that the outlook for the country's financial strength will worsen as debt rises and economic growth slows. Moody's Associate Managing Director Sovereign Risk Group Marie Diron speaks on "Bloomberg Markets." (Source: Bloomberg)
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