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Economy / Stock Market / Bush #706208

ABC Evening News for Monday, Jul 22, 2002
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(Studio: Charles Gibson) The day's fluctuations on Wall Street introduced. Stock Market Report.

(Wall Street: Dan Harris) The reasons for the jagged, jumpy on Wall Street reviewed; statistics cited on the withdrawal from mutual funds. [Market strategist Art HOGAN†- comments on the market's disconnect from the economy.] [Investor Glen STEVIK‡- says he felt like he was having a nervous breakdown.] [Money manager Jim AWAD†- says capitulation & despair comes first.]

(Studio: Charles Gibson) Report introduced.

(White House: Terry Moran) President Bush's reaction to the economy featured. [On the road, BUSH - says he's not a stock picker; suggests diversifying into bonds.] [Goldman Sachs vice chairman Robert HERMITS†- says Bush is not commander in chief of the market.] Bush's defense of Treasury Secretary Paul O'Neill, who has been blamed for the market downturn, noted.

Gibson, Charles;
Harris, Dan;
Moran, Terry

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