Search the Archive

Market Watch (Stock Market / Adelphia / Corporate Reform Bill / Bush) #706648

CBS Evening News for Wednesday, Jul 24, 2002
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) Stock Market Report. SEC investigation into AOL Time Warner noted.

(New York: Anthony Mason) The arrest of former Adelphia CEO John Rigas†† and two sons for corporate fraud featured; details given of investor losses and the effect of Rigas’s arrest on the stock market. [Deputy attorney general Larry THOMPSON†- says members of the Rigas family systematically looted the corporation.] [Duke University James COX†- says he is reassured.] [Prudential Financial Larry WACHTEL†- comments on the effect on the stock market.] [New York Stock Exchange chairman Dick GRASSO†- says the system isn’t broken.]

(Studio: Dan Rather) Details of the corporate reform package agreed upon reported.

(White House: John Roberts) The political implications of the losses in the stock market on President Bush and the Republican party featured; details given of Bush’s stance toward Secretary of Treasury Paul O'Neill; CBS News poll on Bush and the economy cited. [BUSH – says this government will prosecute corporate executives who break the law.] [Representative Mark FOLEY†- says people vote with their pocketbooks.] [Senator Thomas DASCHLE†- comments on SEC chairman Harvey Pitt††’s demand for a raise and promotion.]

Mason, Anthony;
Rather, Dan;
Roberts, John

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:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.