Week in the News

If you were off planet the past few days and returned to Wall Street this morning, you might be forgiven for thinking that all was well this week. The market tanked just a few days ago but by yesterday it had all but recovered.

So what happened? That's among the big stories under our microscope today.

Also, in the race for the White House, the Republicans debate; Giuliani hopes for a Hail Mary in Florida, and Fred Thompson is out. Among the Democrats, it's all Hillary and Obama — with little oxygen left for John Edwards.

This hour, On Point: our weekly news roundtable.Guests:

Steven Pearlstein, business columnist for The Washington Post.

Kenneth Walsh, senior White House correspondent for U.S. News & World Report.

Jack Beatty, On Point news analyst and senior editor at The Atlantic Monthly.