Andy Verity and Mickey Clark present this morning's business stories, including:
The Dow Jones tumbled nearly 8%, its biggest percentage drop since the stock market crash of 1987. Is the US economy already in recession?
Also today the big banks have promised to keep lending to companies and home buyers at the levels they were in 2007. But business groups are worried despite the promise; they’ll be meeting with ministers today to air their concerns.
Finally, as boom turns to bust is football the next business to feel the financial strain?