CBS Evening News for Friday, Jul 19, 2002
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(Studio: Dan Rather) Stock Market Report.
(Studio: Anthony Mason) The continuing decline in the stock market featured. [On the street, three INVESTORS – comment on the losses.] [First Albany Corp. Hugh JOHNSON- says we need a period of time to rebuild confidence.] [Morgan Stanley Alexis GLICK- comments on the stock market.] [In 1996, Federal Reserve Board chairman Alan GREENSPAN- calls the economic situation irrational exuberance.] Investigation into Johnson & Johnson and losses to Sun Microsystems noted.
(Studio: Dan Rather) Report introduced.
(White House: John Roberts) Political implications for President Bush as Congress tries to finalize a corporate reform bill examined; details given of political differences over the bill. [On Wednesday, BUSH – says he’s an optimist about this economy.] [Senator Christopher DODD- says what the Congress and the president do will have an impact on the restoration of investor confidence.] [SEC chairman Harvey PITT- says we need corporate wrong-doers going to jail for fraud.]