After the elation, reality bites
Updated on 06 November 2008
As stock markets around the world continue to fall, president-elect Obama begins to assemble his top team.
Barack Obama is putting together his top team, and has asked an adviser to former president Bill Clinton to become his chief of staff.
This comes as the Bank of England announces another cut in interest rates.
A short time ago the FTSE index of one hundred leading shares was down by more than 200 points, and there have been falls in the Far East.
It demonstrates the problems facing the new president-elect in the US.
