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Stock Market / Rebound / Cashin Interview #191690

ABC Evening News for Tuesday, Apr 18, 2000
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(Studio: Peter Jennings) Today's sharp rally on the Wall Street reported. Stock Market Report.

(New York: Bob Jamieson) This second day of market gains on the Nasdaq and Dow reviewed; graphs shown. [Merrill Lynch market analyst Dick McCABE - offers assessment of the market.] Sample stock revivals cited. [AG Edwards market analyst Stuart FREEMAN - says dot-com companies will suffer.]

(Studio: Peter Jennings) Interview held with PaineWebber's Art Cashin about the market. [CASHIN - explains the market's seeming volatility with momentum having become a major factor; says the public has performed professionally.]

(Studio: Peter Jennings) Report introduced.

(New York: Betsy Stark) The question of whether market shifts are related to the overall economy examined. [Primark economist Allen SINAI - says the economy is doing great.] [The Conference Board Gail FOSLER - notes the low unemployment; says consumers are spending too fast.] The need for the Federal Reserve to contain inflation by raising interest rates to dampen consumer appetite noted.

Reporter(s):
Jamieson, Bob;
Jennings, Peter;
Stark, Betsy
Duration:
00:06:00

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