ABC Evening News for Wednesday, Jan 23, 2008
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(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.