BREAKING NEWS

Obama, CEOs to talk markets, global economy woes

By REUTERS

AUGUST 12, 2011 19:14

WASHINGTON - Global financial upheaval will be on the agenda when US President Barack Obama meets on Friday with US business leaders, including chief executives from Johnson & Johnson, Wells Fargo & Co, US Bancorp, Xerox Corp, BlackRock Inc and Silver Bridge.

Obama holds his latest in a series of talks with Big Business against the backdrop of a euro zone debt crisis that has hit financial markets worldwide, adding to investor anxiety in the aftermath of last week's US credit downgrade.

With Friday's session set to include major players from the financial sector, the White House said market turmoil and economic troubles around the world would be among the issues discussed, along with the US economy and job creation.

White House spokesman Josh Earnest denied the meeting was called in reaction to market and global concerns but said: "They'll certainly talk about these issues, about the market reaction here."

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