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Economy: Wall Street #883335

ABC Evening News for Wednesday, Jan 23, 2008
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(Studio: Charles Gibson) The amazing comeback for Wall Street today reported; the fall and rise of stock figures throughout the day listed.

(Studio: Betsy Stark) The extraordinary about face for the market the day after the Fed's historic rate cut examined; details given about what may have turned the tide and the likelihood of further bad news for the economy. [Jefferies and Co. CIO Art HOGAN†, "Financial Times" market reporter Michael HUNTER†, Edward Jones market analyst Alan SKRAINKA†- assess the market's day.]

(Studio: Charles Gibson) Report introduced.

(New York: David Muir) The effect of interest rate cuts by the Federal Reserve on Americans examined; details given about credit cards, home equity, mortgage interest rates, small business owners and for the bank saver. [Ariel Capital Management President Mellody HOBSON†- comments on credit card debt and savings for homeowners.] [Bankrate.com analyst Greg McBRIDE†- cites the opportunities for homeowners.] [Business owner Dan DELMASTRO†- cites his lower loan interest.]

(Studio: Charles Gibson) The meeting of Congressional leaders with Treasury Secretary Henry Paulson about the economic stimulus plan noted.

Reporter(s):
Gibson, Charles;
Stark, Betsy;
Muir, David
Duration:
00:05:00

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