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Stock Market / Plunge #853153

CBS Evening News for Tuesday, Feb 27, 2007
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(Studio: Katie Couric) The slide of Dow and the Nasdaq reviewed.

(New York: Anthony Mason) The surprising breathtaking plunge in the stock market following a drop in the Shanghai, China, market and because of some US economic factors, including remarks from former Federal Reserve Board chairman Alan Greenspan†† about a recession examined; statistics cited. [William O'Neil and Co. trader Steve PORPORA†- talks about a "correction."] [John Hancock economist Bill CHENEY†- assesses the economy.] The major technical problems at the NYSE discussed.

(Studio: Katie Couric) Live interview held with UBS floor operations director Art Cashin about the market. [CASHIN - says this is something to be "watched"; comments on the rough afternoon and how it is a warning signal.]

(Studio: Katie Couric) The biggest sell-off on September 17, 2001, recalled.

Reporter(s):
Couric, Katie;
Mason, Anthony
Duration:
00:04:30

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