CBS Evening News for Wednesday, Apr 18, 2001
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: Dan Rather) The Federal Reserve Board's surprise half-point interest rate cut reported. Stock Market Report.
(Studio: Anthony Mason) The reaction of the market to the interest rate cut examined. [Wells Fargo Sung Won SOHN - says he wants to give Federal Reserve Board Chairman Alan Greenspan a hug.] [UBS PaineWebber Arthur CASHIN - says the markets are stabilizing.] [Prudential Securities Larry WACHTEL - says the worst has been seen.] [General Motors CFO John DEVINE - says more rate cuts may be needed.]
(Studio: Dan Rather) A decline in the leading economic indicators noted. Interview held with former Federal Reserve Board governor Susan Phillips. [PHILLIPS - says she thinks the economy is near the bottom if not at it; says weak earnings reports may have brought on the rate cut.]
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:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.