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Economy / Turnaround / GDP / Jobs #740838

ABC Evening News for Thursday, Oct 30, 2003
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(Washington: Peter Jennings) Report introduced.

(New York: Betsy Stark) The unexpectedly good GDP quarter examined; statistics cited on business spending & consumer spending; details given about continuing job losses. [Advertising EXECUTIVE, home fixer Therese KENNEDY - talk spending.] [JP Morgan economist Bruce KASMAN†, Goldman Sachs economist Ed McKELVEY†- cite the tax cut.] The importance of worker productivity & how more jobs could be created discussed.

(Washington: Peter Jennings) The reaction of the administration to the GDP figures presented. [In Columbus, Ohio, President BUSH - says the tax relief is working.]

(Chicago: Dean Reynolds) The question of whether the economy is turning around with the weakness in the job market examined. [In Chicago, two SHOPPERS; in Georgetown, South Carolina, US Steelworkers James SANDERSON†, unemployed Devon MARTIN; in Canton, Ohio, laid-off machinist Jim GREATHOUSE - worry about jobs.] [Northern Trust Bank economist Paul KASRIEL†- comments on the cruel ways.]

(Washington: Peter Jennings) Stock Market Report.

Reporter(s):
Jennings, Peter;
Stark, Betsy;
Reynolds, Dean
Duration:
00:05:40

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