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Economy: Interest Rates, Wall Street, Christmas Delivery / Memphis, Tennessee #177682

ABC Evening News for Tuesday, Dec 22, 1998
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(Studio: Peter Jennings) The decision by the Federal Reserve Board not to change interest rates reported. Stock Market Report.

(New York: Morton Dean) The unrestrained confidence in the "feel good" economy featured; details given of Americans' investments in 1998. [At the mall, fast food store manager Michael CERVELLINO, jewelry store manager Paul RUTLEDGE - comment on their own investments.]

(Studio: Peter Jennings) The low savings rate in the United States cited.

(Memphis: Michele Norris) The busy night in Memphis, Tennessee, hub of cargo shipments in the US, featured; details given of why the location of Memphis is key. [University of Memphis professor John GNUSCHKE, Mississippi Carriers Mike STARNES, Sequel, Incorporated, Jim LOWITZER, Williams-Sonoma Jerry OWENS - comment on the cargo business out of Memphis.]

Reporter(s):
Dean, Morton;
Jennings, Peter;
Norris, Michele
Duration:
00:04:50

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