Search the Archive

World Economy / Stock Markets / Hedge Funds #176436

ABC Evening News for Thursday, Oct 01, 1998
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Peter Jennings) Stock Market Report.

(New York: Betsy Stark) Another downward day on Wall Street in response to the worldwide economic slowdown reviewed. [Institution for International Economics Catherine MANN - says investors have turned bearish; points out that the next key country is Brazil.] The drop in the stock markets in Japan, France and Germany shown. The vicious cycle of frightened investors selling stocks noted.

(Studio: Peter Jennings) The concern over "hedge funds," which are virtually unregulated pools of money used by investors to speculate in the market, noted.

(Washington: Barry Serafin) The problems for banks caused by the effort to rescue the Long-Term Capital Management hedge fund via a bailout examined. [Federal Reserve Board chairman Alan GREENSPAN - says there could have been substantial damage if the hedge fund was allowed to founder.]

(Studio: Peter Jennings) The lowering of mortgage rates in response to yesterday's Federal Reserve Board decision to lower interest rates noted. Construction spending and production managers index figures cited.

Reporter(s):
Jennings, Peter;
Serafin, Barry;
Stark, Betsy
Duration:
00:05:10

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.