Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/jittery-markets-weak-data-cap-grim-week-on-wall-street Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Transcript After a week of stock market dives and gloomy economic data, U.S. markets rebounded Friday, apparently on news reports that President-elect Barack Obama may choose Timothy Geithner as Treasury chief. Read the Full Transcript Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. JUDY WOODRUFF: Jeffrey Brown kicks off our economic coverage tonight with a look at where things stand. JEFFREY BROWN: It's been a grim week, to say the least: a slew of weak economic data; credit markets frozen, again; and stock indexes at a decade-long low, until a late rebound today, apparently on reports that New York Fed President Timothy Geithner is President-elect Obama's treasury secretary pick.Joining us to discuss all of it are Susan Phillips, dean of the George Washington University School of Business and former member of the Federal Reserve Board of Governors; Nouriel Roubini, professor of economics at New York University's Stern School of Business and chairman of Roubini Global Economics; and Mohamed el-Erian, co-CEO of PIMCO, the world's largest bond investor.Well, Nouriel Roubini, starting with that last point about the late rally, would you ascribe it to the reports on Mr. Geithner? I understand you used to work with him. NOURIEL ROUBINI, New York University: Yes, it's clear that the rally was due to the appointment of Tim Geithner, prospective to become the next secretary of the treasury.And it's an excellent choice. It's a man with great experience in domestic, international financial affairs and is an excellent choice for the position of treasury secretary.